ANNUAL REPORT 2010-2011 - JM Financial · Annual Report 2010-2011 Dear Investor, The Board of Trustees of JM Financial Mutual Fund is pleased to present the Annual Report of JM Financial

JM FINANCIAL MUTUAL FUND

ANNUAL REPORT 2010-2011

BOARD OF DIRECTORs

JM Financial Trustee Company Private Limited(as on 31st March 2011)

JM Financial Asset Management Private Limited(as on 31st March 2011)

Mr. Nimesh N. Kampani, Chairman Mr. V. P. Shetty, Chairman

Mr. Anant V. Setalvad Mr. Darius Pandole

Mr. Darius E. Udwadia Mr. G. M. Ramamurthy

Mr. Jalaj A. Dani Mr. J. K. Modi

Mr. Sharad M. Kulkarni Dr. R. Srinivasan

Mr. Shivji K. Vikamsey Mr. Rajendra P. Chitale

Mr. V. P. Singh

sPONsOR TRUsTEE INVEsTMENT MANAGERJM Financial Limited141, Maker Chambers III, Nariman Point, Mumbai - 400 021.

JM Financial Trustee Company Private Limited141, Maker Chambers III, Nariman Point, Mumbai - 400 021.

JM Financial Asset Management Private Limited502, 5th Floor, A Wing, Laxmi Towers, Bandra Kurla Complex, Mumbai - 400051.Tel. No.: 022-3987 7777Fax Nos.: 022- 2652 8388

AUDITORs LEGAL ADVIsOR REGIsTRAR & TRANsFER AGENTN. M. Raiji & Co., Chartered AccountantsUniversal Assurance Building, 6th Floor, P.M. Road, Fort,Mumbai - 400 001.

Udwadia & Udeshi (Regd.) Thomas Cook Building, 3rd Floor, 324, D. N. Road, Fort,Mumbai - 400 001.

Karvy Computershare Private LimitedKarvy Plaza, H. No. 8-2-596, Avenue 4, Street No. 1,Banjara Hills, Hyderabad - 500 034.

CUsTODIAN BANKERsHDFC Bank LimitedLodha – I Think Techno Campus, Buliding Alpha, Custody Department, 8th Floor, Opp Crompton Greaves, Kanjurmarg (E), Mumbai – 400 042.

HDFC Bank Limitedstandard Chartered BankCiti Bank

CORPORATE OFFICEJM Financial Asset Management Private Limited

502, 5th Floor, A Wing, Laxmi Towers, Bandra Kurla Complex, Mumbai - 400051.

Tel. No.: 022-3987 7777 | Fax Nos.: 022- 2652 8388 | E-mail: investor @jmfinancial.in | Website: www.jmfinancialmf.com

2

Annual Report 2010-2011

Dear Investor,

The Board of Trustees of JM Financial Mutual Fund is pleased to present the Annual Report of JM Financial

Mutual Fund for the year ended March 31, 2011.

EQUITY OUTLOOK

Global GDP growth in 2010 continued to be strong post recovery from severe recessionary trends in 2008.

Recovery has been aided by monetary and fiscal stimulus in USA. Indian economy grew at a strong pace of

8.5% in FY ‘10–‘11 against US growth of 2.8%, Euro zone growth of 1.9% and Chinese growth of 9.8%.

India’s strong GDP growth continued to be driven by strong consumption growth. This has also led to

inflationary pressures in the economy. RBI has been one of the most aggressive Central Banks in fighting

inflation and raised rates 8 times in FY11.

Both the Sensex and Nifty remained range-bound and gained 10.94% and 11.14% respectively during the

financial year ended March 31, 2011. Mid Cap and Small Cap indices were also range-bound. Comparison of

indices as on March 31, 2010 and March 31, 2011 is as follows:

Index 31-Mar-10 31-Mar-11 Return (%) Sensex 17,527.77 19,445.22 10.94 Nifty 5,249.10 5,833.75 11.14 BSE100 9,300.20 1,0095.74 8.55 BSE500 6,919.55 7,437.26 7.48 CNX Midcap 7,704.90 8,040.15 4.35

Going forward, it is expected that increasing interest rates would slow down GDP growth rate to 8% for FY12. Globally, concerns on sovereign defaults, especially in Europe, remains. Further, rising crude prices are also likely to weigh down on growth prospects. Corporate earnings have been downgraded and Sensex is expected to clock EPS of 1200 in FY12 and 1380 for FY13. Thus Sensex levels of 20700-22080 based on 15-16x Sensex FY 13 P/E by March 2012 is possible.

DEBT OUTLOOK

GDP growth reverted to the high growth trajectory during 2010-11. Economic growth had moderated in the preceding two years as the global economy slowed down on account of global financial crisis. The economic growth during 2010-11, reflected a rebound in agriculture and sustained levels of activity in industry and services. With growth in 2009-10 estimated at 8.0% and 8.5% in 2010-11, the turnaround has been fast and strong.

Headline inflation exhibited strong persistence in 2010-11. It reflected both supply shocks and gradual generalization of price pressures. The generalization was reflected in non-food manufacturing price pressures as producers were able to pass on cost increases amidst strong demand. Notwithstanding some moderation in food prices during Q4, hike in prices of a number of manufactured products following input cost pressures kept headline inflation firm and significantly above the medium-term trend.

Inflation continued to remain firm in Q1 FY 11-12, WPI for May 11 was at 9.06%. The central bank estimates March 2012 inflation to moderate to 6% (with an upward bias) The central bank has highlighted the suppressed component of inflation due to price controls on fuel, coal and electricity and its impact on the

projected trajectory of inflation.

During FY 2011-12 despite improvement in net invisibles surplus, higher trade deficit led to increase in

absolute size of current account deficit. As a proportion of GDP, CAD was marginally lower than the preceding

year The CAD at US$ 44.3 billion was 2.6% of GDP during 2010-11 as compared to US$ 38.4 billion 2.8 % of

GDP a year ago.

Monetary and liquidity conditions remained consistent with the anti-inflationary stance. RBI started the

rate normalization process as macroeconomic data gained strength. In light of persistently high inflation and

elevated inflationary expectations, RBI hiked policy rates for ten successive times since the start for FY 2010-

11. Monetary policy stance of the Reserve Bank shifted to tightening mode in response to rising inflationary

pressures. The Reserve Bank raised reverse repo rate from 3.50% to 6.50% and the repo rate from 5.00% to

7.50%. Monetary policy was tightened in a calibrated manner with transmission improving distinctly in Q4

FY 10-11, on the back of liquidity deficit. While growth reverted to its recent trend, inflation remained above

trend, on the back of supply-side shocks. In the event, policy response focused on containing the spillover

of supply side inflation and anchoring inflation expectations. Government bond yields rose by 50-60 basis

points across the curve on monetary tightening, high inflation and continuous supply of government bonds.

Liquidity situation tightened significantly on systemic outflows and high government balances in FY 2010-

11. Due to sharp drop in liquidity situation, repo rate became the operational rate since June 2010. The

combined impact of 3G auction and IPO (disinvestment) related outflows led to deficit liquidity conditions.

The shorter end of the yield curve moved up significantly. Money market rates spiked up sharply by about

500 basis points on tight liquidity conditions. Liquidity situation remained tight on RBI stance to generate

liquidity conditions consistent with more effective transmission of policy actions).

DERIVATIVES MARKET OUTLOOK

Nifty witnessed an upmove of 11% during FY 2010 – 11, while at the same time BSE Mid Cap Index stayed

flat and BSE Small Cap Index gave a negative returns of 4%. All this was on the back of INR 1100 bn worth

cash buying by FIIs & INR 140 bn worth of selling by local funds (mainly MFs and Insurance companies).

Around 65% of these flows came during the first half with Nifty gaining almost 25% from the bottom in

May 2010.

The cash market volumes during FY 2010 - 11 were 15% approximately lower than the previous financial

year. However, on the derivatives side the volumes are up by 60% approximately year on year. The derivative

volumes have almost gone up 2.5 times since 2008. In terms of contracts traded on the derivative front

the volume is up by 50%. The total futures volumes in terms of contracts are up by 8% while on the same

parameters options volume are up by 85%. The share of index options in the overall derivatives volume pie

has increased from 60% last year to 70% in the FY 2010-11.

The volume momentum has reduced since the beginning of the current calendar year and one can expect the

same to continue till the end of first half of this financial year. However, the Nifty options may continue to be

the most liquid contract. Improved volumes are expected to set into stock options also. Also, new products

like VIX futures can be expected to be available for trading as we move further into FY 2011 – 12.

The cost of carry which mostly stayed at average levels is expected to increase in the second half of FY 2011-

12, as volumes start improving.

REPORT OF THE BOARD OF TRUsTEEs

SCHEME DETAILS & PERFORMANCE

Performance of the Schemes as on March 31, 2011

Name NAV Benchmark Index Scheme Returns since inception (%)

Benchmark Returns since inception (%)

Scheme Returns since last 1 year

(%)

Benchmark Returns since last 1 year (%)

JM Equity Fund - Dividend 15.0269 BSE Sensex 11.6008 11.7979 5.375 10.9395

JM Equity Fund - Growth 36.9164 BSE Sensex 8.5008 11.7979 5.3887 10.9395

JM Balanced Fund - Dividend 16.3669 Crisil Balanced Fund Index 11.3862 N A 6.7827 9.3669

JM Balanced Fund - Growth 22.947 Crisil Balanced Fund Index 12.7518 N A 6.7769 9.3669

JM Basic Fund - Dividend 9.5423 BSE 200@ 18.9421 14.4868 (24.8721) 8.1469

JM Basic Fund - Growth 13.6663 BSE 200@ 18.9411 14.4868 (24.8754) 8.1469

JM Mid Cap Fund - Dividend 15.9338 CNX Mid Cap Index 13.3114 23.532 (7.4278) 4.3511

3





(%)


JM Mid Cap Fund - Growth 23.2555 CNX Mid Cap Index 13.3054 23.5320 (7.4294) 4.3511

JM Large Cap Fund - Dividend 14.2396 S & P CNX Nifty Index 10.2802 22.0470 12.0249 11.1381

JM Large Cap Fund - Growth 19.3645 S & P CNX Nifty Index 10.2759 22.0470 12.0261 11.1381

JM Nifty Plus Fund - Dividend 16.8634 S & P CNX Nifty Index 33.0955 41.3396 10.9296 11.1381

JM Nifty Plus Fund - Growth 18.5167 S & P CNX Nifty Index 33.0737 41.3396 10.8904 11.1381

JM Emerging Leaders Fund - Dividend 7.2360 BSE 200 Index (5.5371) 16.8456 (7.9670) 8.1469

JM Emerging Leaders Fund - Growth 7.2203 BSE 200 Index (5.5732) 16.8456 (7.9677) 8.1469

JM HI FI Fund - Dividend 5.0526 S & P CNX Nifty Index (12.8018) 11.0849 (7.7235) 11.1381

JM HI FI Fund - Growth 5.0526 S & P CNX Nifty Index (12.8018) 11.0849 (7.7252) 11.1381

JM Arbitrage Advantage Fund - Dividend 10.2094 Crisil Liquid Index 7.088 6.5063 6.7835 6.2075

JM Arbitrage Advantage Fund - Growth 13.8009 Crisil Liquid Index 7.0882 6.5063 6.7851 6.2075

JM Telecom Services Sector Fund - Dividend Plan 7.3724 BSE Telecom Index (6.8208) (7.3100) (7.0526) (0.4800)

JM Telecom Sector Fund - Growth Plan 7.3724 BSE Telecom Index (6.8208) (7.3100) (7.0538) (0.4800)

JM Financial Services Sector Fund - Dividend Plan 10.0919 BSE Finance Index 0.2122 14.9700 12.8861 23.2000

JM Financial Services Sector Fund - Growth Plan 10.0919 BSE Finance Index 0.2122 14.9700 12.8810 23.2000

JM Small & Midcap Fund - Regular Dividend 4.8446 CNX Mid Cap Index (16.8773) 11.5077 (15.0443) 4.3511

JM Small & Midcap Fund - Regular Growth 4.8446 CNX Mid Cap Index (16.8773) 11.5077 (15.0443) 4.3511

JM Contra Fund - Dividend 5.1257 BSE 500 Index (17.0970) 5.7911 (8.5007) 7.4818

JM Contra Fund - Growth 5.1257 BSE 500 Index (17.0970) 5.7911 (8.5007) 7.4818

JM Agri & Infra Fund - Dividend 2.4612 BSE 500 Index (35.4259) (3.5239) (16.7219) 7.4818

JM Agri & Infra Fund - Growth 2.4612 BSE 500 Index (35.4259) (3.5239) (16.7219) 7.4818

JM Tax Gain Fund - Dividend Plan 7.0588 BSE 500 Index (10.9617) 6.4980 (0.1754) 7.4818

JM Tax Gain Fund - Growth Plan 7.0588 BSE 500 Index (10.9617) 6.4980 (0.1754) 7.4818

JM Multi Strategy Fund - Dividend Plan 13.1159 BSE 500 Index 14.6311 15.3520 (1.9746) 7.4818

JM Multi Strategy Fund - Growth Plan 14.1029 BSE 500 Index 14.6307 15.3520 (1.9761) 7.4818

JM Core 11 Fund Series 1 - Dividend 3.9230 BSE Sensex (26.2637) 5.4058 (11.9555) 10.9395

JM Core 11 Fund Series 1 - Growth 3.9230 BSE Sensex (26.2637) 5.4058 (11.9555) 10.9395

JM Income Fund - Bonus Option 12.0352 Crisil Composite Bond Fund Index 3.4909 NA 4.2198 5.0617

JM Income Fund - Dividend 10.4079 Crisil Composite Bond Fund Index 8.2594 NA 4.2197 5.0617

JM Income Fund - Growth 29.4180 Crisil Composite Bond Fund Index 6.9728 NA 4.2201 5.0617

JM Short Term Fund - Institutional Plan - Dividend 10.4507 Crisil Liquid Index 7.9417 5.7291 7.0386 6.2075

JM Short Term Fund - Institutional Plan - Growth* 13.8788 Crisil Liquid Index 4.1852 5.7291 7.0424 6.2075

JM Short Term Fund - Regular Plan - Dividend 11.5139 Crisil Liquid Index 7.5960 5.7285 6.6623 6.2075

JM Short Term Fund - Regular Plan - Growth 19.2028 Crisil Liquid Index 7.7212 5.7285 6.6633 6.2075

JM High Liquidity Fund - Regular Plan - Growth option 26.7560 Crisil Liquid Index 7.7076 NA 6.5972 6.2075

JM High Liquidity Fund - Regular Plan - Bonus option 14.0506 Crisil Liquid Index 6.0622 NA 6.5974 6.2075

JM High Liquidity Fund - Institutional Plan - Dividend 10.5616 Crisil Liquid Index 6.1717 5.7329 6.5972 6.2075

JM High Liquidity Fund - Institutional Plan - Growth 16.1428 Crisil Liquid Index 6.1733 5.7291 6.5904 6.2075

JM High Liquidity Super Institutional Daily Dividend 10.0165 Crisil Liquid Index 6.4346 5.9695 6.5975 6.2075

JM High Liquidity Fund - Regular Plan - Weekly Dividend 10.8071 Crisil Liquid Index 6.9624 NA 6.5969 6.2075

JM High Liquidity Fund - Regular Plan - Daily Dividend 10.4302 Crisil Liquid Index 6.0202 NA 6.5978 6.2075

JM High Liquidity Super Institutional Growth Plan 15.3494 Crisil Liquid Index 6.4372 5.9695 6.5982 6.2075

JM High Liquidity Institutional Daily Dividend Plan 10.0159 Crisil Liquid Index 6.1908 5.7688 6.6005 6.2075

JM High Liquidity Fund - Regular Plan - Quarterly Dividend 15.1441 Crisil Liquid Index 6.0662 5.8000 6.6013 6.2075

JM High Liquidity Super Institutional Weekly Dividend Plan 10.0000 Crisil Liquid Index NA NA NA NA

JM Floater Fund-Long Term - Premium Plan - Dividend 10.2809 Crisil Liquid Index 6.2836 6.1076 6.2370 6.2075

JM Floater Fund-Long Term - Premium Plan - Growth 14.8358 Crisil Liquid Index 6.2907 6.1076 6.2440 6.2075

4





(%)


JM Floater Fund-Long Term - Regular Plan - Dividend 15.4470 Crisil Liquid Index 5.7559 5.7515 6.1292 6.2075

JM Floater Fund-Long Term - Regular Plan – Growth 15.3943 Crisil Liquid Index 5.7094 5.7515 6.1288 6.2075

JM Floater Fund-Long Term - Premium Plan - Daily Dividend 10.0031 Crisil Liquid Index 6.5791 6.3559 6.2359 6.2075

JM Floater Fund-Long Term - Premium Plan - Weekly Dividend Plan 10.4118 Crisil Liquid Index 6.5341 6.3465 6.2344 6.2075

JM Floater Fund-Long Term - Regular Plan-Daily Dividend 10.0031 Crisil Liquid Index 6.4168 6.3319 6.1273 6.2075

JM Floater Fund-Long Term - Regular Plan-Weekly Dividend Option 10.3795 Crisil Liquid Index 6.3451 6.3319 6.1295 6.2075

JM Floater Fund - Short Term Plan – Dividend 10.0883 Crisil Liquid Index 6.0428 5.7515 5.8465 6.2075

JM Floater Fund - Short Term Plan – Growth 15.6841 Crisil Liquid Index 5.9635 5.7515 5.8478 6.2075

JM Money Manager Fund-Super Plus Plan-Daily Dividend 10.0053 Crisil Liquid Index 7.4319 6.5436 6.4458 6.2075

JM Money Manager Fund-Super Plus Plan-Fortnightly Dividend 10.2371 Crisil Liquid Index 7.2082 6.2232 6.4456 6.2075

JM Money Manager Fund-Super Plus Plan-Growth 13.8213 Crisil Liquid Index 7.4402 6.5436 6.4454 6.2075

JM Money Manager Fund - Super Plus Plan - Weekly Dividend 10.4273 Crisil Liquid Index 7.2034 6.2237 6.4422 6.2075

JM Money Manager Fund-Super Plan-Daily Dividend 10.0118 Crisil Liquid Index 7.5147 6.5436 7.2474 6.2075

JM Money Manager Fund-Super Plan-Fortnightly Dividend 10.1831 Crisil Liquid Index 7.6043 6.1878 7.2457 6.2075

JM Money Manager Fund-Super Plan-Growth 13.8695 Crisil Liquid Index 7.5231 6.5436 7.2644 6.2075

JM Money Manager Fund-Super Plan-Weekly Dividend 10.4235 Crisil Liquid Index 7.6857 6.2792 7.2479 6.2075

JM Money Manager Fund-Regular Plan-Daily Dividend 10.0112 Crisil Liquid Index 6.8450 6.5436 7.0860 6.2075

JM Money Manager Fund-Regular Plan-Fortnightly Dividend 10.1334 Crisil Liquid Index 6.0770 5.8678 7.0813 6.2075

JM Money Manager Fund-Regular Plan-Growth 13.4680 Crisil Liquid Index 6.8250 6.5436 7.0844 6.2075

JM Money Manager Fund-Regular Plan-Weekly Dividend 10.3926 Crisil Liquid Index 6.7154 6.2368 7.0811 6.2075

JM MIP Fund - Annual Dividend 12.2766 Crisil MIP Blended Index 5.7786 7.7841 3.6455 6.1663

JM MIP Fund - Growth 15.2817 Crisil MIP Blended Index 5.7878 7.7841 3.6455 6.1663

JM MIP Fund - Monthly Dividend 10.1818 Crisil MIP Blended Index 5.7823 7.7841 3.6682 6.1663

JM MIP Fund - Quarterly Dividend 11.5148 Crisil MIP Blended Index 5.7887 7.7841 3.6454 6.1663

JM FMF Series XVIII - 15 Months Plan 1 – Dividend 10.8272 Crisil Short Term Bond Index 7.7839 6.1086 7.7387 5.1199

JM FMF Series XVIII – 15 Months Plan 1 – Growth 10.8273 Crisil Short Term Bond Index 7.7849 6.1086 7.7408 5.1199

JM FMF - Series XIX - 367D Plan A - Dividend* 10.1741 Crisil Short Term Bond Index 1.7410 1.3540 NA NA

JM FMF - Series XIX - 367D Plan A - Growth* 10.1741 Crisil Short Term Bond Index 1.7410 1.3540 NA NA

JM FMF - Series XIX - 375D Plan D - Dividend* 10.1459 Crisil Short Term Bond Index 1.4590 0.2343 NA NA

JM FMF - Series XIX - 375D Plan D - Growth* 10.1459 Crisil Short Term Bond Index 1.4590 0.2343 NA NA

JM FMF - Series XIX - 385D Plan C - Dividend* 10.0899 Crisil Short Term Bond Index 0.8990 0.5490 NA NA

JM FMF - Series XIX - 385D Plan C - Growth* 10.0899 Crisil Short Term Bond Index 0.8990 0.5490 NA NA

JM FMF - Series XIX - 91D Plan B - Dividend* 10.0027 Crisil Short Term Bond Index 0.9838 0.9482 NA NA

JM FMF - Series XIX - 91D Plan B - Growth* 10.0983 Crisil Short Term Bond Index 0.9830 0.9482 NA NA

JM Interval Fund -Quarterly Plan-1-Institutional Dividend* 10.0251 Crisil Liquid Index 7.0638 6.2903 6.1714 5.2900

JM Interval Fund -Quarterly Plan-1-Institutional Growth 12.6039 Crisil Liquid Index 7.3562 6.2903 7.0277 6.2075

JM Interval Fund -Quarterly Plan-1-Dividend 10.0244 Crisil Liquid Index 7.0116 6.2903 6.6772 6.2075

JM Interval Fund -Quarterly Plan-1-Growth 12.4714 Crisil Liquid Index 7.0088 6.2903 6.6770 6.2075

JM G-Sec Fund - Regular : Growth 31.0662 I sec Composite Index 10.3499 NA 4.2525 6.4100

JM G-Sec Fund - Regular : Growth - Bonus 15.1078 I sec Composite Index 6.8330 6.8372 4.2528 6.4100

JM G-Sec Fund - Regular : Dividend 14.5936 I sec Composite Index 10.3549 NA 4.2512 6.4100

Past performance may or may not be sustained in future.

Notes:

* Absolute Returns.

@ The Benchmark for JM Basic Fund was changed from BSE Basic Industries Index to BSE 200 w.e.f. November 1, 2010.

5


a) Returns are Compounded Annualised Growth Rate Returns, with reinvestment of dividends, if any.

b) Returns of benchmark indices since inception date of the schemes are not available in some cases as the benchmark indices were launched / changed subsequent to the inception date of the scheme(s).

c) For the purpose of calculating returns, inception date is deemed to be the date of allotment.

d) Since for all the plans of JM Fixed Maturity Fund – Series XIX one year has not elapsed from the date of allotment, as on March 31, 2011, since inception returns are given in absolute term.

e) In case of JM High Liquidity Super Institutional Weekly Dividend Plan, returns are not calculated, as there were no unitholders under the Plan during the better part of the year. Unitholder(s) were present in the Scheme only during November 1, 2010 to December 9, 2010 and December 15, 2010 to March 2, 2011.

f) In case of JM Interval Fund - Quarterly Plan-1-Institutional Dividend, returns are computed from June 22, 2010 since there was no unitholder in the plan, prior to June 22, 2010.

Disclaimer regarding BSE Basic Industries Index

All rights in the BSE Basic Industries Index vest in BSE. BSE and BSE Basic Industries Index are trademarks of BSE and are used by JM Financial Asset Management Private Ltd. under license. BSE shall not be liable in any manner whatsoever (including in negligence) for any loss arising to any person whosoever out of use of or reliance on the BSE Basic Industries Index by any person.

JM Basic Fund is not sponsored, endorsed, sold or promoted by BSE. BSE makes no representation or warranty, express or implied to the investors in JM Basic Fund or any member of the public in any manner whatsoever regarding the advisability of investing in securities generally or in JM Basic Fund particularly or the ability of the index to track the sectors represented in the BSE Basic Industries Index. The relationship of BSE to the JM Financial Asset Management Pvt. Ltd is in respect of the licensing of use of BSE Basic Industries Index which is determined, composed and calculated by BSE without regard to the JM Financial Asset Management Pvt. Ltd. or JM Basic Fund. BSE has no obligation to take the needs of the investors of JM Basic Fund into consideration in determining, composing or calculating the BSE Basic Industries Index BSE is neither responsible for nor has participated in the determination of the time or price at which the units under JM Basic Fund are to be issued or in the determination or calculation of the equation by which the units are to be redeemed for the underlying securities. BSE has no obligation or liability in connection with the administration, marketing or trading of JM Basic Fund”.

“BSE does not guarantee the accuracy and/or the completeness and/or continuity of BSE Basic Industries Index or any data included therein and they shall have no liability for any errors, omissions or interruptions therein or change or cessation thereof. BSE makes no warranty, express or implied, as to the results to be obtained by the JM Financial Asset Management Pvt. Ltd., investors of JM Basic Fund, or any other persons or entities from the use of BSE Basic Industries Index or any data included therein. BSE makes no express or implied warranties and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to BSE Basic Industries Index or any data included therein. Without limiting any of the foregoing, in no event shall BSE have any liability for any special, punitive, indirect or consequential damages (including lost profits), even if notified of the possibility of such damages”.

Disclaimer regarding BSE Finance Index

JM Financial Services Sector Fund is not sponsored, endorsed, sold or promoted by BSE. BSE makes no representation or warranty, express or implied to the investors in JM Financial Services Sector Fund or any member of the public in any manner whatsoever regarding the advisability of investing in securities generally or in JM Financial Services Sector Fund particularly or the ability of the index to track the sectors represented in the BSE Finance Index. The relationship of BSE to the JM Financial Asset Management Pvt. Ltd is in respect of the licensing of use of BSE Finance Index which is determined, composed and calculated by BSE without regard to the JM Financial Asset Management Pvt. Ltd. or JM Financial Services Sector Fund. BSE has no obligation to take the needs of the investors of JM Financial Services Sector Fund into consideration in determining, composing or calculating the BSE FinanceIndex BSE is neither responsible for nor has participated in the determination of the time or price at which the units under JM Financial Services Sector Fund are to be issued or in the determination or calculation of the equation by which the units are to be redeemed for the underlying securities. BSE has no obligation or liability in connection with the administration, marketing or trading of JM Financial Services Sector Fund”.

“BSE does not guarantee the accuracy and/or the completeness and/or continuity of BSE Finance Index or any data included therein and they shall have no liability for any errors, omissions or interruptions therein or change or cessation thereof. BSE makes no warranty, express or implied, as to the results to be obtained by the JM Financial Asset Management Pvt. Ltd., investors of JM Financial Services Sector Fund, or any other persons or entities from the use of BSE Finance Index or any data included therein. BSE makes no express or implied warranties and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to BSE Finance Index or any data included therein. Without limiting any of the foregoing, in no event shall BSE have any liability for any special, punitive, indirect or consequential damages (including lost profits), even if notified of the possibility of such damages”.

Disclaimer regarding BSE Telecom Index

JM Telecom Sector Fund is not sponsored, endorsed, sold or promoted by BSE. BSE makes no representation or warranty, express or implied to the investors in JM Telecom Sector Fund or any member of the public in any manner whatsoever regarding the advisability of investing in securities generally or in JM Telecom Sector Fund particularly or the ability of the index to track the sectors represented in the BSE Telecom Index. The relationship of BSE to the JM Financial Asset Management Pvt. Ltd is in respect of the licensing of use of BSE Telecom Index which is determined, composed and calculated by BSE without regard to the JM Financial Asset Management Pvt. Ltd. or JM Telecom Sector Fund. BSE has no obligation to take the needs of the investors of JM Telecom Sector Fund into consideration in determining, composing or calculating the BSE Telecom Index BSE is neither responsible for nor has participated in the determination of the time or price at which the units under JM Telecom Sector Fund are to be issued or in the determination or calculation of the equation by which the units are to be redeemed for the underlying securities. BSE has no obligation or liability in connection with the administration, marketing or trading of JM Telecom Sector Fund”.

“BSE does not guarantee the accuracy and/or the completeness and/or continuity of BSE Telecom Index or any data included therein and they shall have no liability for any errors, omissions or interruptions therein or change or cessation thereof. BSE makes no warranty, express or implied, as to the results to be obtained by the JM Financial Asset Management Pvt. Ltd., investors of JM Telecom Sector Fund, or any other persons or entities from the use of BSE Telecom Index or any data included therein. BSE makes no express or implied warranties and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to BSE Telecom Index or any data included therein. Without limiting any of the foregoing, in no event shall BSE have any liability for any special, punitive, indirect or consequential damages (including lost profits), even if notified of the possibility of such damages”.

Disclaimer regarding CNX Midcap Index

JM Small & Mid-cap Fund (“Product”) is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (“IISL”). IISL makes no representation or warranty, express or implied to the owners of the Product or any member of the public regarding the advisability of investing in securities generally or in the Product particularly or the ability of the CNX Midcap Index to track general stock market performance in India. The relationship of IISL to JM Financial Asset Management Private Limited is in respect of the using of the trademark and trade name of CNX Midcap Index which is determined, composed and calculated by IISL without regard to the JM Financial Asset Management Private Limited or the Product. IISL has no obligation to take the needs of JM Financial Asset Management Private Limited or the owners of the Product into consideration in determining, composing or calculating the CNX Midcap Index. IISL is not responsible for nor has participated in the determination of the timing of, prices at, or quantities of the Product to be issued or in the determination or calculation of the equation by which the Product is to be converted into cash. IISL has no obligation or liability in connection with the administration, marketing or trading of the Product.

IISL does not guarantee the accuracy and / or the completeness of the CNX Midcap Index or any data included therein and they shall have no liability for any errors, omissions, or interruptions therein. IISL makes no warranty, express or implied, as to the results to be obtained by the JM Financial Asset Management Private Limited, owners of the Product, or any other persons or entities from the use of the CNX Midcap Index or any data included therein. IISL makes no express or implied warranties and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the CNX Midcap Index or any data included therein. Without limiting any of the foregoing, in no event shall IISL have any liability for any special, punitive, indirect or consequential damages (including lost profits), even if notified of the possibility of such damages.

EQUITY SCHEMES OF JM FINANCIAL MUTUAL FUND:

JM Equity Fund JM Equity Fund is an open-ended growth scheme with the main objective to provide optimum capital growth and appreciation. The Scheme continues to hold a diversified portfolio with a prudent mix of large cap and mid cap stocks.

The scheme has underperformed the benchmark in 2010-11 and since inception.

The scheme was restructured wherein the strategy was to move to larger market cap Nifty stocks and avoid mid caps in a rising interest rate scenario. Subsequently the large cap constitutes more than 90% of the portfolio currently. As and when the market sentiment changes the Scheme will increase the non-nifty stocks and endeavor to achieve capital growth and appreciation through proper churn and mix of various market cap stocks.

JM Balanced Fund

JM Balanced Fund is an open-ended balanced Scheme with the investment objective to provide steady current income as well as long term growth of capital.

The Scheme has underperformed its benchmark during FY 2010-11 and since inception This underperformance was a result of sharp depreciation in portfolio value during the previous years specially 2008-09 as well as because some of the mid cap stocks held in last year, continued to underperform.

JM Balanced Fund has been adopting a conservative investment approach though the broad philosophy for the equity portion continues to be to pick high growth stocks using bottom-up investment approach.

6


JM Multi Strategy Fund

JM Multi Strategy Fund invests primarily in equities and equity related securities using a combination of strategies. During favorable market conditions, the Scheme will act like an aggressive growth fund with a concentrated portfolio and a targeted portfolio beta of greater than 1, whereas in a bearish market scenario the Scheme will have a low volatility conservative portfolio of larger number of stocks with a targeted lower beta.

The scheme has underperformed the benchmark in 2010-11 and since inception.

The scheme has been re-structured and currently the scheme has more than 80% of large cap stocks and 70% in Nifty stocks. As and when the market sentiment improves the Scheme, will add more of non nifty stocks and mid cap stocks to generate an alpha for the portfolio.

JM Contra Fund

The investment objective of Contra Fund was to provide capital appreciation by following contrarian style of investing that refers to buying into fundamentally sound stocks that have been overlooked by the market (for reasons of short term trend) and waiting for the market to give these stocks their real value in course of time. JM Contra Fund was a diversified equity fund which invested in a contrarian manner in equities.

The Scheme has underperformed the benchmark in FY 2010-11 as the valuations of the Midcap stocks continued to be depressed. The scheme also lags the benchmark returns since inception, owing to poor performance in 2008.

JM Contra Fund has been merged with JM Multistrategy Fund which has a much wider mandate, since April 1, 2011. While JM Contra Fund invested into out of favour sectors/stocks and incubated stocks for a while before they found favour with the rest of the market, JM Multistrategy Fund adopted the growth or value style of investing depending on the current market situation.

JM Nifty Plus Fund (earlier known as JM Equity & Derivative Fund)

The Investment objective of the Scheme is to outperform the benchmark by predominantly investing in the constituents of S & P CNX Nifty in the same weightages as in its composition and through deployment of surplus cash in debt and money market instruments and derivative instruments.

The Scheme has marginally underperformed the benchmark in FY 2010-11 and continues to underperform the benchmark since inception.

The Scheme will be merged in to JM Equity fund based on no-objection letter no. OW/18024/2011 dated June 6, 2011 received from SEBI.

JM Small & Mid Cap Fund

The primary objective of the Scheme was to provide capital appreciation by primarily investing in small cap and mid-cap stocks.

The scheme underperformed the benchmark in FY 2010-11 and since inception. This underperformance was a result of sharp depreciation in portfolio value during the previous years specially FY 2008-09. Also, some of the mid cap stocks held in last year, continued to underperform.

JM Small & Mid Cap fund has been merged with JM Multistrategy Fund since April 1, 2011. JM Multistrategy Fund has a wider mandate of following a growth / value style depending on the condition of the market (Please also refer JM Multistrategy Fund).

JM Mid Cap Fund (earlier known as JM Auto Sector Fund)

The Investment objective of the scheme was to generate long term capital growth at a controlled level of risk by predominantly investing in mid cap Companies.

The Scheme has underperformed its benchmark during FY 2010-11. However, the returns since inception are not comparable as this scheme was earlier JM Auto Sector Fund where the mandates and the benchmarks were different.

The Scheme has been merged with JM Multistrategy Fund on April 1, 2011 as the mandate of JM Mid Cap Fund was restricted only to midcaps.

JM Large Cap Fund (earlier JM Healthcare Sector Fund)

The Investment objective of JM Large Cap was to generate returns by predominantly investing in Large Cap Companies which would be top 100 companies on the National Stock Exchange of India Ltd. in terms of market capitalization.

The Scheme has outperformed its benchmark during FY 2010-11. However, since inception the returns are not comparable as Scheme was earlier JM Healthcare Fund where the mandates and the benchmark were different.

The Scheme has been merged with JM Equity since April 1, 2011 which is much more diversified and has a wider mandate as compared to JM Large Cap Fund.

JM Basic Fund

The primary objective of the scheme will be to provide capital appreciation to its unit holders through judicious deployment of the corpus of the Scheme in sectors categorized under “basic industry” in the normal parlance and in context of the Indian economy, including but not limited to, energy, petrochemicals, oil & gas, power generation & distribution and electrical equipment suppliers, metals and building material. The Fund would continue to remain open-ended with a sector focus.

The scheme has underperformed its benchmark in FY 2010-11 and since inception. The primary reason for underperformance has been the high exposure to the infrastructure sector with a midcap dominated portfolio.

The Scheme benchmark has been changed from BSE Basic Industries Index to BSE 200. Post the change in the benchmark, the scheme was restructured and its portfolio was diversified substantially. The proportion of large caps has been increased substantially and nifty stocks constituted more than 65% of the portfolio. We believe that a combination of diversification and co-relation to Nifty will give the portfolio an essential fundamental strength and stability going forward.

JM Emerging Leaders Fund

JM Emerging Leaders Fund is an open-ended equity oriented fund launched in June 2005. The primary investment objective of the scheme is to seek long term capital appreciation from investment in a portfolio of stocks across all market capitalization range. The portfolio may include those companies operating in emerging sectors of the economy or companies which exhibit potential to become leaders of tomorrow.

The Scheme has underperformed its benchmark in FY 2010-11 as the valuations of the Midcap stocks continue to be depressed. The Scheme also lags the benchmark returns since inception, owing to poor performance in 2008.

The Scheme had a concentrated exposure to 25 – 30 stocks in the portfolio. The Scheme will be merged with JM Multistrategy Fund as per the no objection letter dated June 6, 2011, received from SEBI.

JM Core 11 Fund - Series 1

JM Core 11 Fund- Series I was a 3 year close ended equity oriented scheme. SEBI vide its approval OW/4010/2011 dated February 2, 2011 permitted the Scheme to become open-ended in interest of the investors. The investment objective of the scheme is to provide long-term growth by investing predominantly in a concentrated portfolio of equity / equity related instruments. Because of a higher concentration, the scheme falls in the high risk – high return category.

The scheme has underperformed its benchmark in FY 2010-11 and since inception owing to poor performance in 2008.

The scheme has invested in fundamentally strong 11 stocks with a high growth potential. The scheme portfolio is focused on 60-70% large caps and rest in mid/small caps. Higher churning of portfolio is expected in the coming months as opposed to the buy and hold strategy of the past. The Scheme has become open-ended from March 5, 2011 and have met all the redemption requests upon conversion into an open-ended scheme.

JM Telecom Sector Fund

The primary investment objective of the scheme was to invest predominantly in equity and equity related instruments in the Telecom sector in India. Accordingly, the NAV of the Scheme was linked to the equity performance of such companies.

The Scheme has underperformed its benchmark in FY 2010-11 but has outperformed its benchmark since inception.

The Scheme has merged with JM Equity Fund since April 1, 2011 as the mandate of the Scheme was too restrictive.

JM Tax Gain Fund

The investment objective is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities and to enable investors a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time. This scheme has a diversified portfolio and invests in companies across all market capitalizations. The Scheme seeks to provide capital appreciation by investing in growth stocks which are available at reasonable valuations across sectors.

The Scheme had underperformed the benchmark in FY 2010-11 and since inception. This underperformance was a result of sharp depreciation in portfolio value during the previous years specially 2008-09 due to the underperformance of some of the mid cap stocks held in last year.

JM Agri & Infra Fund

The primary investment objective of the scheme was to generate long term growth by investing predominantly in equity / equity related instruments of companies that focused on agriculture and infrastructure development of India. JM Agri & Infra Fund invested predominantly in the two growth sectors - Agriculture and Infrastructure.

The Scheme has underperformed the benchmark in FY 2010-11 and since inception. This underperformance was a result of sharp depreciation in portfolio value as a result of the markets falling sharply and the defensive calls taken when the market was recovering.

JM Agri & Infra Fund has been merged with JM Basic Fund since April 1, 2011. (Please also refer JM Basic Fund).

JM HI FI Fund

The primary investment objective of the Scheme was to generate medium to long term capital growth from a portfolio that is substantially constituted of equity & equity related securities of companies which could benefit from the structural changes brought about by the continuing liberalization in economic policies and investments by the Government in the housing, infrastructure and financial services sectors.

7


The Scheme has underperformed the benchmark in FY 2010-11 and since inception. This underperformance was a result of sharp depreciation in portfolio value during the previous years, specially 2008-09 as well as because some of the mid cap stocks held in the last year, continued to underperform.

JM HI FI Fund has been merged with JM Basic Fund since April 1, 2011.

JM Financial Services Sector Fund

The primary investment objective of the Scheme was to invest predominantly in equity & equity related instruments in the Banking/Financial institutions/NBFC and housing finance sectors in India. Accordingly, the NAV of the Scheme was linked to the equity performance of such companies.

The Scheme had underperformed the benchmark in FY 2010-11 and since inception. This underperformance was a result of sharp depreciation in portfolio value during the previous years specially 2008-09 as well as because of some of the mid cap stocks held in the last year.

The Scheme has been merged with JM Equity Fund since April 1, 2011 as the mandate of JM Financial Services Sector Fund was too restrictive and limited to one sector.

JM Arbitrage Advantage Fund

The primary investment objective of the Scheme is to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments.

The Scheme has outperformed the benchmark in FY 2010-11 and continues to outperform the benchmark since inception.

There has been an increased participation in both the cash and the derivatives market by all players – institutional as well as HNIs. As a result, the cost-of-carry has increased considerably in last few months. Markets are expected to be volatile in the near future. This volatility will help to churn the Arbitrage portfolio as few stock futures tend to trade at a discount to their cash market prices. The same can be deployed into fresh arbitrage in other stocks, which helps to enhance the returns of the Scheme.

JM High Liquidity Fund

The investment objective of the scheme is to provide income by way of dividend (dividend plans) and capital gains (growth plan) through investing in debt and money market instruments. The Scheme is rated AAAf from CRISIL.

The Scheme has outperformed the benchmark as interest rates are expected to move up during the year. It is expected that short term rates will remain firm on account of the RBI‘s monetary policy and the Scheme could post better returns.

JM Money Manager Fund

The investment objective of the Scheme is to generate stable long term returns with low risk strategy and capital appreciation/ accretion through investments in debt instruments and related securities besides preservation of capital.

The Scheme has outperformed the benchmark in FY 2010-11 as the Scheme has maintained lower portfolio duration. It is expected that short term rates will remain firm on account of the RBI ‘s monetary policy and the Scheme could post better returns.

JM Floater Fund- Long Term Plan

The investment objective of the Scheme is to provide regular income and capital appreciation through investment in floating rate debt instruments; fixed rate debt instruments swapped for floating rate returns and also fixed rate instruments and money market instruments.

The Scheme has outperformed the benchmark in FY 2010-11, as the fund maintained a lower portfolio duration. It is expected that short term rates will remain firm on account of the RBI‘s monetary policy and the scheme could post better returns.

JM Floater Fund– Short Term Plan

The investment objective of the Scheme is to provide regular income and capital appreciation through investment in floating rate debt instruments; fixed rate debt instruments swapped for floating rate returns and also fixed rate instruments and money market instruments. The Scheme is primarily intended for the risk-averse investors, as interest rate environment has turned volatile.

The Scheme has underperformed the benchmark marginally in FY 2010-11 as the Scheme maintained higher cash levels amidst volatility in interest rates and a tight liquidity scenario.

It is expected that short term rates will remain firm on account of the RBI‘s monetary policy and the Scheme could post better returns.

JM MIP Fund (An open-ended monthly income fund with no assured return)

The investment objective of the Scheme is to generate regular income, primarily through investments in fixed income securities so as to make monthly, quarterly and annual dividend distribution, and declare bonus in the growth option. The Scheme would also aim to achieve capital appreciation through investing a portion of its assets in equity and equity related securities.

The Scheme has underperformed the benchmark in FY 2010-11, as bond yields spiked during the year and equity markets remained volatile.

JM Interval Fund

The investment objective of the Scheme and the plans launched there under is to seek to generate predictable returns over a predetermined period by investing in a portfolio of fixed income securities normally maturing in line with the time profile of the respective plans.

The Scheme has outperformed the benchmark in FY 2010-11 as interest rates moved up during the year.

JM Fixed Maturity Fund

The investment objective of the Schemes and the plans launched there under is to generate regular returns through investments in fixed income securities maturing on or before the date of the maturity of the respective Plans.

The various plans launched under the various series of JM Fixed Maturity Fund during the financial year are:

Scheme Name Tenure Allotment Date Date of Maturity

JM Fixed Maturity Fund Series XIX - Plan A 367 Days 7-Feb-11 8-Feb-12JM Fixed Maturity Fund Series XIX - Plan B 91 Days 23-Feb-11 24-May-11JM Fixed Maturity Fund Series XIX - Plan C 385 Days 11-Mar-11 29-Mar-12JM Fixed Maturity Fund Series XIX - Plan D 375 Days 25-Mar-11 2-Apr-12

The Schemes have outperformed the benchmark. It is expected that the short term rates will move up next year and the Scheme could post better returns.

JM Income Fund

The investment objective of the Scheme is to generate stable long term returns with low risk strategy and capital appreciation/accretion through investment in debt instruments and related securities besides preservation of capital.

The Scheme has underperformed the benchmark returns in FY 2010-11 as the Scheme maintained a marginally higher portfolio duration. Credit spreads are expected to remain in a range this year on expectation of tighter monetary policy and continuous supply of bonds. The Scheme will maintain a lower duration in view of the tight monetary policy by RBI.

JM Short Term Fund

The investment objective of the Scheme is to generate regular returns and high level of liquidity with low risk strategy and capital appreciation/accretion through investment in debt instruments and related securities besides preservation of capital. The Scheme provides moderate returns commensurate with its nature. The Scheme may invest up to 100% in money market instruments and short-term debt.

The Scheme has outperformed benchmark returns in FY 2010-11 by maintaining a low duration amidst rising interest rates and tight liquidity situation. The short end curve is expected to remain firm on the monetary stance of RBI and the tight liquidity situation. The Scheme will invest in securities with lower duration.

JM G-Sec Fund

The investment objective of the scheme is to provide ultimate level of safety to its unit holders through investments in sovereign securities issued by the Central and State Governments.

The Scheme has underperformed the benchmark returns in 1 year as the Scheme maintained a marginally higher duration than the benchmark. G-sec yields are likely to remain in a range with an upward bias on RBI stance on monetary policy and huge supply of government bonds. The Scheme will maintain a lower duration.

Brief background of Sponsors, Trust, Trustee Company and AMC

JM Financial Mutual Fund had been constituted as a Trust in 1994, with J.M. Financial & Investment Consultancy Services Pvt. Limited and JM Financial Limited as Settlors and JM Financial Trustee Company Private Limited as the Trustee Company in accordance with the provisions of the Indian Trust Act, 1882 and is duly registered under the Indian Registration Act, 1908. The Trustee Company has entered into an Investment Management Agreement dated September 1, 1994 with JM Financial Asset Management Private Limited (the AMC) to function as the Investment Manager for all the schemes of JM Financial Mutual Fund. JM Financial Mutual Fund was registered with SEBI on September 15, 1994. J.M. Financial & Investment Consultancy Services Pvt. Ltd. and JM Financial Ltd. have made initial contributions of Rs. One lakh each towards setting up of JM Financial Mutual Fund, which has been invested in JM Equity Fund. Consequent to the change in the shareholding of the AMC in October 2007 and by virtue of being the only shareholder holding more than 40% of the equity share capital of the AMC, JM Financial Limited has become the sole Sponsor of JM Financial Mutual Fund.

Trustee Company

The Trustee Company is the exclusive owner of the Trust Fund and holds the same in trust for the benefit of the unit holders. The Trustee has been discharging its duties and carrying out the responsibilities as provided in the Regulations and the Trust Deed. The Trustee seeks to ensure that the Fund and the Schemes floated there under are managed by the AMC in accordance with the Trust Deed, the Regulations, directions and guidelines issued by SEBI, the Stock Exchanges, the Association of Mutual Funds in India and other regulatory agencies.

8


ACCOUNTING POLICIES

Accounting Policies are in accordance with SEBI (Mutual Funds) Regulations, 1996.

Unclaimed Redemptions and Dividend

The Unclaimed Redemption and Dividend on the Balance sheet date are as under (Rs. in Lakhs).

2010-2011 2009-2010Scheme No. of

InvestorsAmount (Rs.

in Lakhs)No. of


in Lakhs)JM Equity Fund 1,735 7.29 1,738 7.43JM Balanced Fund 1,635 2.76 1,636 5.05JM Nifty Plus Fund 6 0.26 6 0.26

2010-2011 2009-2010Scheme No. of


in Lakhs)No. of


in Lakhs)JM Basic Fund 65 0.83 65 0.83

JM High Liquidity Fund 38 0.95 38 0.95

JM Floater Fund- Long Term Plan 10 1.67 10 1.67

JM MIP Fund 121 1.15 121 1.15

JM Income Fund 3,052 10.26 3,056 10.45

JM Short Term Fund 25 0.07 25 0.07

JM G-Sec Fund 16 1.39 17 1.39

Redressal of Complaints received against Mutual Funds (MFs) during April 2010 - March 2011Total Number of Folios: 394053 as on March 31, 2011

Com-plaint Code

Type of Complaint # (a) No of Complaints pending at the beginning of the Year

Action on (a) and (b)(b) No of complaints received during the year

Resolved Non Action-able*

PendingWith in 30 days

30 - 60 days

60 - 180 days

Beyond 180 days

0-3 months

3-6 months

6-9 months

9-12 months

More than 12 months

I A Non Receipt of Dividend on Units 6 280 275 6 3 1 0 1 0 0 0 0

I B Interest on delayed payment of Dividend 0 0 0 0 0 0 0 0 0 0 0 0I C Non Receipt of Redemption Proceeds 4 1165 1138 14 9 0 0 8 0 0 0 0I D Interest on delayed payment of

Redemption0 10 9 0 0 0 0 1 0 0 0 0

II A Non receipt of statement of Account / Unit Certificate

0 74 74 0 0 0 0 0 0 0 0 0

II B Discrepancy in Statement of Account 0 6 5 0 1 0 0 0 0 0 0 0II C Non receipt of Annual Report / Abridged

Summary0 0 0 0 0 0 0 0 0 0 0 0

III A Wrong switch between Schemes 0 3 3 0 0 0 0 0 0 0 0 0III B Unauthorized switch between Schemes 0 0 0 0 0 0 0 0 0 0 0 0III C Deviation from Scheme attributes 0 0 0 0 0 0 0 0 0 0 0 0III D Wrong or excess charges / load 0 2 2 0 0 0 0 0 0 0 0 0III E Non updation of changes viz. address,

PAN, bank details, nomination, etc2 212 210 2 2 0 0 0 0 0 0 0

IV others 15 1616 1603 12 6 0 0 7 1 0 0 2TOTAL 27 3368 3319 34 21 1 0 17 1 0 0 2

# including against its uthorized persons/ distributors/ employees. Etc.

*Non actionable means the complaint that are incomplete / outside the scope of the mutual fund.

Note: Out of 20 complaints pending as on March 31, 2011 (including 2 complaints with Consumer Forum in more than 12 months category), 19 cases have since been redressed and only one complaint being a Consumer Forum case, is pending as on June 29, 2011. Statutory Informationa. The Sponsor is not responsible or liable for any loss resulting from the operation of the Schemes of the Fund beyond their initial contribution (to the extent contributed) of Rs. 1 lakh for setting up the Fund, and such

other accretions / additions to the same.b. The price and redemption value of the units, and income from them, can go up as well as down with fluctuations in the market value of its underlying investments.c. Full Annual Report shall be disclosed on the website (www.jmfinancialmf.com) and shall be available for inspection at the Corporate Office of the Mutual Fund. Present and prospective unit holders can obtain a copy

of the Trust Deed, the full Annual Report of the Fund / AMC at a price.AcknowledgementsThe Trustees would like to thank the Securities and Exchange Board of India, the Reserve Bank of India, Association of Mutual Funds in India for their continued support, co-operation and guidance during the year. The Trustees would also like to thank the Auditors, Custodian, Registrar & Transfer Agents, Bankers and all other service providers for their support. The Trustees also take this opportunity to place on record the contribution made by the employees of JM Financial Asset Management Private Limited and for their dedication, commitment and wholehearted support throughout the year.

For and on behalf of Board of TrusteesJM Financial Trustee Company Private Limited

Place : Mumbai Nimesh KampaniDated : June 29, 2011 Chairman

9


AUDITORs’ REPORT

The Board of Trustees

JM Financial Mutual Fund

We have audited the attached Balance Sheet as at March 31, 2011 and the Revenue Account for the year / period ended on that date annexed thereto of JM Equity Fund, JM Balanced Fund, JM Multi Strategy Fund, JM Contra Fund, JM Nifty Plus Fund, JM Small & Mid-cap Fund, JM Mid Cap Fund, JM Large Cap Fund, JM Basic Fund, JM Emerging Leaders Fund, JM Core 11 Fund - Series 1, JM Telecom Sector Fund, JM Tax Gain Fund, JM Agri & Infra Fund, JM HI FI Fund, JM Financial Services Sector Fund, JM High Liquidity Fund, JM Money Manager Fund - Super Plus Plan, JM Money Manager Fund - Super Plan, JM Money Manager Fund - Regular Plan, JM Floater Fund- Long Term Plan, JM Floater Fund - Short Term Plan, JM MIP Fund, JM Interval Fund - Quarterly Plan 1, JM Fixed Maturity Fund Series XIX - Plan A, JM Fixed Maturity Fund Series XIX - Plan B, JM Fixed Maturity Fund Series XIX - Plan C, JM Fixed Maturity Fund Series XIX - Plan D, JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1, JM Income Fund, JM Short Term Fund, JM G-Sec Fund - Regular Plan, and JM Arbitrage Advantage Fund (the schemes) of JM Financial Mutual Fund (the Fund). These financial statements are prepared in accordance with the SEBI (Mutual Fund) Regulations, 1996 (the Regulations) and are the responsibility of the Management. Our responsibility is to express an opinion on these financial statements based on our audit.

We have audited the attached Revenue Account of JM Interval Fund Quarterly Plan 2 (Redeemed on April 6, 2010), for the period from April 1, 2010 to April 6, 2010, JM Fixed Maturity Fund Series XIII 18 Months Plan 1 (Redeemed on April 26, 2010), for the period from April 1, 2010 to April 26, 2010. and JM Fixed Maturity Fund Series XVI Yearly Plan (Redeemed on November 15, 2010) for the period from April 1, 2010 to November 15, 2010 (the schemes) of JM Financial Mutual Fund (the Fund). The aforesaid schemes do not have any assets or liabilities as at March 31, 2011 and hence no Balance Sheet has been prepared. These financial statements are prepared in accordance with the SEBI (Mutual Fund) Regulations, 1996 (the Regulations) and are the responsibility of the Management. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with Standards on Auditing issued by the Institute of Chartered Accountants of India. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the Management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

We report that:

1. We have obtained all information and explanations, which, to the best of our knowledge and belief were necessary for the purpose of our audit.

2. The Balance Sheet and the Revenue Account are in agreement with the books of account of the Scheme.

3. In our opinion, valuation methods for Non Traded Securities, adopted by the scheme are fair and reasonable and are in accordance with the guidelines for valuation issued by SEBI and approved by the Trustees.

4. The accounts have been prepared in accordance with the accounting policies and standards as specified in the Ninth Schedule to the SEBI (Mutual Funds) Regulations, 1996 (the Regulations).

5. In our opinion and to the best of our information and according to the explanations given to us, the statement of accounts read with the notes thereon, give the information required by the Regulations and give a true and fair view in accordance with the generally accepted accounting principles in India:

a. in the case of Balance Sheet, of the state of affairs of the schemes as at March 31, 2011; and

b. in the case of Revenue Account, of the surplus/deficit of the schemes for the year/period ended on March 31, 2011.

For N. M. RAIJI & CO.

Chartered Accountants

Firm Reg. No: 108296W

J. M. GANDHI

Partner

Membership No: 37924

Place: Mumbai

Dated: April 27, 2011

10


Audited Balance sheet As At March 31, 2011 Figures in Rs.

JM Equity Fund JM Balanced Fund JM Multi Strategy Fund

Sch. March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010

Liabilities

Unit Capital A 124,099,649 217,440,717 60,441,085 110,054,230 155,774,795 306,802,832

Reserves & Surplus B 161,496,385 222,329,248 51,726,268 82,475,226 59,461,583 124,694,107

Current Liabilities & Provisions C 2,510,732 13,070,678 494,388 946,839 7,968,786 6,059,731

Total 288,106,766 452,840,643 112,661,741 193,476,295 223,205,164 437,556,670

Assets

Investments D 283,399,287 409,061,036 100,696,613 181,028,473 217,668,627 400,721,709

Deposits E 3,834,063 43,311,940 10,955,380 11,415,536 2,050,596 27,319,929

Other Current Assets F 873,416 467,667 1,009,748 1,032,286 3,485,941 9,515,032

Deferred Revenue Expenditure G - - - - - -

Total 288,106,766 452,840,643 112,661,741 193,476,295 223,205,164 437,556,670

Revenue Account for the Year / Period ended March 31, 2011 Figures in Rs.


Sch. Current Year Previous Year Current Year Previous Year Current Year Previous Year

IncomeDividend 3,737,230 5,312,965 1,760,435 1,947,063 3,151,779 5,254,895 Interest 603,139 697,902 2,635,521 2,577,858 736,402 644,134 Profit on sale/redemption of investments (other than inter scheme transfer/sale)

82,176,943 132,726,730 59,205,153 30,465,156 127,315,506 281,844,504

Profit on inter-scheme transfer/sale of investments - 1,194,180 - - 6,204,141 - Profit on Futures / Options 629,313 4,267,035 757,836 2,432,927 97,331 9,578,884 Other income - - - - - - Net change in unrealised appreciation / depreciation of Investments

- 170,328,280 - 105,619,114 - 88,483,036

Load Income 80,228 94,001 14,642 14,051 37,422 44,027 Total Income 87,226,853 314,621,093 64,373,587 143,056,169 137,542,581 385,849,480 Expenses and LossesManagement & Operating expenses H 8,827,907 12,351,683 4,026,688 5,827,364 7,860,078 12,731,879 Deferred revenue expenditure written off - - - - - - Loss on sale/redemption of investments (other than inter-scheme transfer/sale)

29,548,753 38,662,684 7,355,721 34,765,811 47,414,644 12,166,085

Loss on Futures / Options 408,613 10,240,556 317,660 - 525,150 27,460,873 Loss on inter-scheme transfer/sale of investments - - 148,082 - - - Net change in unrealised appreciation/depreciation of Investments

21,199,165 - 38,321,072 - 69,744,046 -

Total Expenses & Losses 59,984,438 61,254,923 50,169,223 40,593,175 125,543,918 52,358,837 Surplus / (Deficit) for the year 27,242,415 253,366,170 14,204,364 102,462,994 11,998,663 333,490,643 Add/(Less): Income Equalisation Account (40,092,626) (115,159,332) (21,924,905) (222,063,050) (7,023,373) (165,095,495)Add: Write back of provision for Unrealised Appreciation on Investments

59,020,896 - 45,973,670 - 87,054,904 -

Less: Provision for Unrealised Appreciation on Investments

(37,821,731) (59,020,896) (7,652,598) (45,973,670) (17,310,859) (87,054,904)

Surplus / (Deficit) 8,348,954 79,185,942 30,600,531 (165,573,726) 74,719,335 81,340,244 Balance brought forward from Balance Sheet 107,589,563 50,977,229 2,865,035 175,608,933 (45,569,686) (116,950,016)Surplus / (Deficit) available for distribution 115,938,517 130,163,171 33,465,566 10,035,207 29,149,649 (35,609,772)

Appropriation

Income Distribution - 22,573,608 - 7,170,172 - 9,959,914

Distribution Tax - - - - - -

Balance carried to the Balance Sheet 115,938,517 107,589,563 33,465,566 2,865,035 29,149,649 (45,569,686)

Accounting Policies and Notes on Accounts IFund Manager Sanjay Chhabaria

As per our report of even date For and on behalf ofFor N. M. Raiji & Co. JM Financial Asset Management Private LimitedChartered Accountants Firm Reg. No. 108296W

J.M. Gandhi V. P. Shetty Dr. R Srinivasan Bhanu Katoch Sanjay Chhabaria Partner Chairman Director Chief Executive Officer Fund ManagerM. No. 37924

For and on behalf of JM Financial Trustee Company Private Limited

Nimesh N Kampani Shivji K. Vikamsey Date: April 27, 2011Chairman Director Place: Mumbai

11


schedules forming part of Balance sheet and Revenue Account Figures in Rs.


March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010

SCHEDULE A

Unit Capital

Unit Capital - Dividend 78,820,962 154,967,378 40,313,611 71,364,106 45,102,059 98,376,078

Unit Capital - Growth 45,278,687 62,473,339 20,127,474 38,690,124 110,672,736 208,426,754

Unit Capital - Bonus - - - - - -

Unit Capital - Daily Dividend - - - - - -

Unit Capital - Weekly Dividend - - - - - -

Unit Capital - Fortnightly Dividend - - - - - -

Unit Capital - Monthly Dividend - - - - - -

Unit Capital - Quarterly Dividend - - - - - -

Unit Capital - Annual Dividend - - - - - -

Unit Capital - Institutional Dividend - - - - - -

Unit Capital - Institutional Daily Dividend - - - - - -

Unit Capital - Institutional Growth - - - - - -

Unit Capital - Super Institutional Daily Dividend - - - - - -

Unit Capital - Super Institutional Weekly Dividend - - - - - -

Unit Capital - Super Institutional Growth - - - - - -

Unit Capital - Premium Dividend - - - - - -

Unit Capital - Premium Growth - - - - - -

Unit Capital - Premium Daily Dividend - - - - - -

Unit Capital - Premium Weekly Dividend - - - - - -

Total 124,099,649 217,440,717 60,441,085 110,054,230 155,774,795 306,802,832

No.of Units of face value of Rs.10/- each 12,409,965 21,744,072 6,044,109 11,005,423 15,577,480 30,680,283

SCHEDULE B

Reserves & Surplus

Unit Premium Reserve -

Opening Balance 55,718,789 3,079,451 33,636,521 (154,607,804) 83,208,889 -

Add/(Less): Transfer from/to Income Equalisation Account - 56,313,440 - 194,348,000 - 26,700,660

Add/(Less): On account of purchase/sale of units (47,982,652) (3,674,102) (23,028,417) (6,103,675) (70,207,814) 56,508,229

Closing Balance 7,736,137 55,718,789 10,608,104 33,636,521 13,001,075 83,208,889

Unrealised Appreciation Reserve 37,821,731 59,020,896 7,652,598 45,973,670 17,310,859 87,054,904

Surplus/(Deficit)

Balance brought forward from Revenue Account 115,938,517 107,589,563 33,465,566 2,865,035 29,149,649 (45,569,686)

Grand Total 161,496,385 222,329,248 51,726,268 82,475,226 59,461,583 124,694,107

SCHEDULE C

Current Liabilities & Provisions

Sundry creditors 130,754 116,992 - - - -

Contracts for purchase of investments - - - - - -

Management fee payable 294,330 481,278 128,021 207,028 221,051 467,821

Trusteeship fee payable 10,899 17,672 6,378 9,241 7,959 16,884

Load Payable 973,267 719,123 12,161 39,638 4,575,641 3,083,650

Others 575,685 561,896 336,011 227,554 470,393 536,592

Mark to market payable - - - - - -

Payable on repurchase of units 525,797 11,173,717 11,817 463,378 2,693,742 1,954,784

Total 2,510,732 13,070,678 494,388 946,839 7,968,786 6,059,731

SCHEDULE D

Investments

Equity Shares 283,977,326 409,639,075 77,207,884 143,060,592 217,668,627 400,721,709

Less: Provision for Equity Shares cost (578,039) (578,039) (32,569) (32,569) - -

Privately Placed Debentures/Bonds - - - - - -

Debt Securities listed/ awaiting listing on a recognised stock exchange

- - 23,521,298 38,000,450 - -

12





Less: Provision for doubtful Investments - - - - - -

Government Securities - - - - - -

Treasury Bills - - - - - -

Commercial Paper - - - - - -

Securitised - - - - - -

Certificate of Deposits - - - - - -

Others (Mutual Fund Units) - - - - - -

Total 283,399,287 409,061,036 100,696,613 181,028,473 217,668,627 400,721,709

SCHEDULE E

Deposits

- CBLO 3,834,063 38,761,940 10,955,380 5,315,536 2,050,596 27,319,929

- Term Deposits - - - - - -

- Margin Deposits - 4,550,000 - 6,100,000 - -

- Deposit with CCIL - - - - - -

Total 3,834,063 43,311,940 10,955,380 11,415,536 2,050,596 27,319,929

SCHEDULE F

Other Current Assets

Balances with banks in current account 441,164 126,682 108,375 105,023 3,133,765 2,421,203

Contracts for sale of investments - - - - - 6,491,211

Mark to market receivable - - - - - -

Outstanding and accrued income 63,867 68,046 897,078 923,746 108,088 3,556

Less : Provision for doubtful income (63,003) (63,003) - - - -

Shares/Debentures application money - - - - - -

Receivable on reissue of units 412,494 316,282 1,000 - 215,184 598,151

Others 18,894 19,660 3,295 3,517 28,904 911

Total 873,416 467,667 1,009,748 1,032,286 3,485,941 9,515,032

SCHEDULE G

Deferred Revenue Expenditure (to the extent not written off )

Opening balance - - - - - -

Less: Amount written off during the period - - - - - -

Less: Adjusted against redemption of units - - - - - -

Closing Balance - - - - - -

SCHEDULE H

Management & Operating Expenses

Management fees 4,001,766 5,599,124 1,825,333 2,641,594 3,563,041 5,771,470

Service tax on Mangement fees 412,182 576,710 188,009 272,084 366,993 594,461

Trusteeship fees 176,564 247,041 80,536 116,551 157,207 254,646

Interest on Borrowing - - - - - -

Registration and legal expenses 28,461 35,780 12,886 17,132 26,385 40,565

Commission to agents 2,494,295 3,448,232 1,168,675 1,713,780 2,142,307 2,689,146

Publicity expenses 433,337 1,429,728 193,067 629,533 461,967 1,842,534

Audit fees 76,650 54,158 35,075 25,742 67,783 52,854

Custodian fees 38,423 53,841 13,142 18,777 36,827 62,423

Registrar fee 654,599 450,804 297,400 213,587 565,403 480,415

Administrative expenses 511,630 456,265 212,565 178,584 472,165 943,365

Total 8,827,907 12,351,683 4,026,688 5,827,364 7,860,078 12,731,879

13


Audited Balance sheet As At March 31, 2011 Figures in Rs. JM Contra Fund JM Nifty Plus Fund JM Small & Mid-cap Fund

Sch. March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010LiabilitiesUnit Capital A 2,655,000,962 4,704,438,015 68,707,065 82,746,664 829,543,180 1,329,375,386 Reserves & Surplus B (1,294,126,920) (2,069,064,620) 52,409,865 48,243,269 (427,663,169) (571,299,730)Current Liabilities & Provisions C 67,649,124 21,952,904 726,386 758,768 5,149,585 5,477,031 Total 1,428,523,166 2,657,326,299 121,843,316 131,748,701 407,029,596 763,552,687 AssetsInvestments D 1,319,886,825 2,472,793,574 99,839,278 109,215,675 362,313,828 707,989,369 Deposits E 103,898,590 178,719,291 21,326,595 22,502,807 43,911,865 51,058,845 Other Current Assets F 4,737,751 5,813,434 677,443 30,219 803,903 4,504,473

Deferred Revenue Expenditure G - - - - - - Total 1,428,523,166 2,657,326,299 121,843,316 131,748,701 407,029,596 763,552,687

Revenue Account for the Year / Period ended March 31, 2011 Figures in Rs. JM Contra Fund JM Nifty Plus Fund JM Small & Mid-cap Fund


IncomeDividend 26,623,723 25,175,735 1,189,509 1,018,292 6,190,626 7,769,493 Interest 3,653,201 3,731,806 1,188,997 293,955 1,850,139 1,740,057 Profit on sale/redemption of investments (other than inter scheme transfer/sale)

435,327,603 913,936,563 8,161,612 25,500,202 109,641,358 64,281,262

Profit on inter-scheme transfer/sale of investments 16,795,096 16,926,682 - - 148,053 - Profit on Futures / Options 2,027,272 215,659,639 10,729,911 24,473,103 514,357 - Other income 198 405 254 67 - - Net change in unrealised appreciation / depreciation of Investments

- 1,967,059,404 1,200,600 23,625,076 - 712,462,395

Load Income 485,712 634,793 - - 175,661 163,898 Total Income 484,912,805 3,143,125,027 22,470,883 74,910,695 118,520,194 786,417,105 Expenses and LossesManagement & Operating expenses H 49,895,124 67,290,892 1,548,012 1,532,324 15,298,079 19,184,369 Deferred revenue expenditure written off - - - - - - Loss on sale/redemption of investments (other than inter-scheme transfer/sale)

474,723,536 1,163,464,822 239,416 2,766,833 105,618,929 296,934,425

Loss on Futures / Options 1,473,114 449,284,971 8,859,224 20,067,649 1,078,931 -

Loss on inter-scheme transfer/sale of investments 34,895,081 887,197 - - 16,720,084 - Net change in unrealised appreciation/depreciation of Investments

1,383,444 - - - 31,263,949 -

Total Expenses & Losses 562,370,299 1,680,927,882 10,646,652 24,366,806 169,979,972 316,118,794 Surplus / (Deficit) for the year (77,457,494) 1,462,197,145 11,824,231 50,543,889 (51,459,778) 470,298,311 Add/(Less): Income Equalisation Account 852,395,194 1,028,708,700 2,396,891 (35,957,967) 195,096,339 23,466,995 Add: Write back of provision for Unrealised Appreciation on Investments

147,479,353 - 29,189,101 5,564,025 50,429,106 -


(146,095,909) (147,479,353) (30,389,701) (29,189,101) (19,165,156) (50,429,106)

Surplus / (Deficit) 776,321,144 2,343,426,492 13,020,522 (9,039,154) 174,900,511 443,336,200 Balance brought forward from Balance Sheet (2,286,438,948) (4,629,865,440) (15,131,901) 978,054 (671,323,598) (1,114,659,798)Surplus / (Deficit) available for distribution (1,510,117,804) (2,286,438,948) (2,111,379) (8,061,100) (496,423,087) (671,323,598)AppropriationIncome Distribution - - - 7,070,801 - - Distribution Tax - - - - - - Balance carried to the Balance Sheet (1,510,117,804) (2,286,438,948) (2,111,379) (15,131,901) (496,423,087) (671,323,598)Accounting Policies and Notes on Accounts IFund Manager Sanjay Chhabaria Chaitanya Choksi Sanjay Chhabaria


J.M. Gandhi V. P. Shetty Dr. R Srinivasan Bhanu Katoch Sanjay Chhabaria Chaitanya Choksi Partner Chairman Director Chief Executive Officer Fund Manager Fund ManagerM. No. 37924


Nimesh N Kampani Shivji K. Vikamsey Date: April 27, 2011

Chairman Director Place: Mumbai

14


schedules forming part of Balance sheet and Revenue Account Figures in Rs. JM Contra Fund JM Nifty Plus Fund JM Small & Mid-cap Fund


SCHEDULE A

Unit Capital

Unit Capital - Dividend 1,036,298,225 1,959,632,811 36,949,365 48,020,641 336,314,521 535,954,461

Unit Capital - Growth 1,618,702,737 2,744,805,204 31,757,700 34,726,023 493,228,659 793,420,925


















Total 2,655,000,962 4,704,438,015 68,707,065 82,746,664 829,543,180 1,329,375,386


SCHEDULE B

Reserves & Surplus

Unit Premium Reserve

Opening Balance 69,894,975 25,251,656 34,186,069 - 49,594,762 (35,341,569)

Add/(Less): Transfer from/to Income Equalisation Account - (1,256,117,160) - 29,264,310 - (63,691,293)

Add/(Less): On account of purchase/sale of units - 1,300,760,479 (10,054,526) 4,921,759 - 148,627,624

Closing Balance 69,894,975 69,894,975 24,131,543 34,186,069 49,594,762 49,594,762


Surplus/(Deficit)

Balance brought forward from Revenue Account (1,510,117,804) (2,286,438,948) (2,111,379) (15,131,901) (496,423,087) (671,323,598)

Grand Total (1,294,126,920) (2,069,064,620) 52,409,865 48,243,269 (427,663,169) (571,299,730)

SCHEDULE C


Sundry creditors - - - - - -


Management fee payable 1,419,418 2,473,173 58,490 56,514 418,041 823,963


Load Payable 1,640,274 1,006,002 115,090 129,624 1,797,704 1,015,313

Others 3,190,443 3,197,149 151,554 155,593 813,238 906,184

Mark to market payable - - - 101,272 - -

Payable on repurchase of units 61,344,662 15,174,560 396,865 310,925 2,105,551 2,701,833

Total 67,649,124 21,952,904 726,386 758,768 5,149,585 5,477,031

SCHEDULE D

Investments

Equity Shares 1,319,886,825 2,472,793,574 99,818,000 93,737,296 362,313,828 707,989,369

Less: Provision for Equity Shares cost - - - - - -



- - 21,278 - - -

15


schedules forming part of Balance sheet and Revenue Account Figures in Rs. JM Contra Fund JM Nifty Plus Fund JM Small & Mid-cap Fund








Others (Mutual Fund Units) - - - 15,478,379 - -

Total 1,319,886,825 2,472,793,574 99,839,278 109,215,675 362,313,828 707,989,369

SCHEDULE E

Deposits

- CBLO 103,898,590 166,519,291 15,326,595 15,302,807 43,911,865 51,058,845


- Margin Deposits - 12,200,000 6,000,000 7,200,000 - -


Total 103,898,590 178,719,291 21,326,595 22,502,807 43,911,865 51,058,845

SCHEDULE F


Balances with banks in current account 2,905,518 67 613 61 454,923 -

Contracts for sale of investments - 5,080,926 - - - 4,337,769

Mark to market receivable - - 69,480 - - -


Less : Provision for doubtful income - - - - - -


Receivable on reissue of units 391,338 560,143 585,997 13,622 113,595 160,075

Others 536,654 150,624 - 175 24,601 -

Total 4,737,751 5,813,434 677,443 30,219 803,903 4,504,473

SCHEDULE G

Deferred Revenue Expenditure

(to the extent not written off )





SCHEDULE H


Management fees 21,363,974 28,373,467 651,681 637,665 6,934,751 8,696,439

Service tax on Mangement fees 2,200,489 2,922,467 67,123 65,679 714,279 895,733

Trusteeship fees 1,053,258 1,439,842 63,787 63,769 305,971 383,699



Commission to agents 12,337,025 18,837,695 127,273 110,829 4,265,447 4,892,392

Publicity expenses 5,598,015 8,567,310 158,729 18,322 705,493 2,551,546

Audit fees 463,173 317,998 14,137 7,375 133,641 90,426

Custodian fees 217,350 310,170 14,619 17,932 59,653 77,817

Registrar fee 3,747,987 3,100,975 216,591 88,990 1,124,899 687,723

Administrative expenses 2,743,003 3,211,041 225,989 513,887 1,004,441 856,333

Total 49,895,124 67,290,892 1,548,012 1,532,324 15,298,079 19,184,369

16


Audited Balance sheet As At March 31, 2011 Figures in Rs.JM Mid Cap Fund JM Large Cap Fund JM Basic Fund

Sch. March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010 LiabilitiesUnit Capital A 41,215,836 66,609,738 32,075,208 40,028,471 2,086,074,643 3,596,497,762 Reserves & Surplus B 35,137,630 69,867,122 18,260,413 15,255,177 278,961,559 1,862,215,967 Current Liabilities & Provisions C 1,824,202 1,841,518 597,646 205,801 70,416,821 86,541,434 Total 78,177,668 138,318,378 50,933,267 55,489,449 2,435,453,023 5,545,255,163 AssetsInvestments D 74,754,627 122,194,312 47,599,766 51,671,994 2,339,312,062 5,453,003,284 Deposits E 3,233,656 6,968,084 3,187,800 3,814,736 91,552,856 63,741,235 Other Current Assets F 189,385 9,155,982 145,701 2,719 4,588,105 28,510,644

Deferred Revenue Expenditure G - - - - - - Total 78,177,668 138,318,378 50,933,267 55,489,449 2,435,453,023 5,545,255,163

Revenue Account for the Year / Period ended March 31, 2011 Figures in Rs.JM Mid Cap Fund JM Large Cap Fund JM Basic Fund


IncomeDividend 1,331,748 1,277,884 674,020 777,995 46,612,340 49,554,958 Interest 320,754 313,180 141,150 170,236 3,341,178 3,521,310 Profit on sale/redemption of investments (other than inter scheme transfer/sale)

27,467,760 18,634,238 16,003,852 14,879,143 682,169,174 1,491,448,840

Profit on inter-scheme transfer/sale of investments 1,721,786 951,761 60,619 2,570 3,752,465 6,062,648 Profit on Futures / Options - - 198,323 - 48,803,782 168,067,036 Other income - - - - 5,446 596 Net change in unrealised appreciation / depreciation of Investments

- 41,661,649 - 19,846,072 - 4,028,733,212

Load Income 7,789 8,599 2,980 10,408 1,724,790 2,264,034 Total Income 30,849,837 62,847,311 17,080,944 35,686,424 786,409,175 5,749,652,634 Expenses and LossesManagement & Operating expenses H 2,495,593 2,616,322 1,260,447 1,493,656 89,704,567 131,874,411 Deferred revenue expenditure written off - - - - - - Loss on sale/redemption of investments (other than inter-scheme transfer/sale)

18,882,970 9,539,749 4,835,049 12,522,036 1,009,981,750 1,559,605,553

Loss on Futures / Options - - - - 27,113,934 204,004,737 Loss on inter-scheme transfer/sale of investments 928,126 - 605,353 - 108,663,242 21,837,078 Net change in unrealised appreciation/depreciation of Investments

12,095,138 - 4,662,388 - 414,914,801 -

Total Expenses & Losses 34,401,827 12,156,071 11,363,237 14,015,692 1,650,378,294 1,917,321,779 Surplus / (Deficit) for the year (3,551,990) 50,691,240 5,717,707 21,670,732 (863,969,119) 3,832,330,855 Add/(Less): Income Equalisation Account (17,231,495) (4,314,425) 872,288 (34,638,632) (410,672,589) 3,181,684,616 Add: Write back of provision for Unrealised Appreciation on Investments

17,599,464 - 8,459,973 - 432,119,901 -


(5,504,327) (17,599,464) (3,797,585) (8,459,973) (17,205,100) (432,119,901)

Surplus / (Deficit) (8,688,348) 28,777,351 11,252,383 (21,427,873) (859,726,907) 6,581,895,570 Balance brought forward from Balance Sheet 38,095,385 17,048,615 (3,058,892) 21,397,732 1,083,436,391 (5,298,780,926)Surplus / (Deficit) available for distribution 29,407,037 45,825,966 8,193,491 (30,141) 223,709,484 1,283,114,644 AppropriationIncome Distribution - 7,730,581 - 3,028,751 (4,522) 199,678,253 Distribution Tax - - - - - -

Balance carried to the Balance Sheet 29,407,037 38,095,385 8,193,491 (3,058,892) 223,714,006 1,083,436,391 Accounting Policies and Notes on Accounts IFund Manager Sanjay Chhabaria Asit Bhandarkar


J.M. Gandhi V. P. Shetty Dr. R Srinivasan Bhanu Katoch Sanjay Chhabaria Asit Bhandarkar Partner Chairman Director Chief Executive Officer Fund Manager Fund ManagerM. No. 37924



17


schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Mid Cap Fund JM Large Cap Fund JM Basic Fund


SCHEDULE A

Unit Capital

Unit Capital - Dividend 26,627,842 39,015,120 22,978,844 30,404,017 1,178,108,741 1,975,368,964

Unit Capital - Growth 14,587,994 27,594,618 9,096,364 9,624,454 907,965,902 1,621,128,798


















Total 41,215,836 66,609,738 32,075,208 40,028,471 2,086,074,643 3,596,497,762


SCHEDULE B

Reserves & Surplus


Opening Balance 14,172,273 (17,411,651) 9,854,096 (22,007,702) 346,659,675 3,999,504,947

Add/(Less): Transfer from/to Income Equalisation Account - 28,784,880 - 31,736,269 - (3,897,523,254)

Add/(Less): On account of purchase/sale of units (13,946,007) 2,799,044 (3,584,759) 125,529 (308,617,222) 244,677,982

Closing Balance 226,266 14,172,273 6,269,337 9,854,096 38,042,453 346,659,675


Surplus/(Deficit)

Balance brought forward from Revenue Account 29,407,037 38,095,385 8,193,491 (3,058,892) 223,714,006 1,083,436,391

Grand Total 35,137,630 69,867,122 18,260,413 15,255,177 278,961,559 1,862,215,967

SCHEDULE C


Sundry creditors - - - - 3,187 3,187

Contracts for purchase of investments - - - - 42,408,858 15,305,469

Management fee payable 79,346 147,176 51,655 60,649 2,153,949 5,027,362


Load Payable 1,135,347 465,798 20,982 29,718 14,232,799 9,713,331

Others 169,798 201,469 151,063 67,566 4,943,211 6,323,124


Payable on repurchase of units 436,854 1,021,763 372,086 45,679 6,587,432 49,951,711

Total 1,824,202 1,841,518 597,646 205,801 70,416,821 86,541,434

SCHEDULE D

Investments

Equity Shares 74,754,627 122,194,312 47,599,766 51,671,994 2,341,168,772 5,454,859,994

Less: Provision for Equity Shares cost - - - - (1,856,710) (1,856,710)



- - - - - -

18


schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Mid Cap Fund JM Large Cap Fund JM Basic Fund









Total 74,754,627 122,194,312 47,599,766 51,671,994 2,339,312,062 5,453,003,284

SCHEDULE E

Deposits

- CBLO 3,233,656 6,968,084 3,187,800 3,814,736 79,952,856 48,341,235


- Margin Deposits - - - - 11,600,000 15,400,000


Total 3,233,656 6,968,084 3,187,800 3,814,736 91,552,856 63,741,235

SCHEDULE F


Balances with banks in current account 120,564 14,954 105,384 - 2,787,186 206,039

Contracts for sale of investments - 1,369,887 - - - 19,823,836

Mark to market receivable - - - - 110,299 -

Outstanding and accrued income 41,731 907 720 498 1,464,020 317,433

Less : Provision for doubtful income - - - - (311,137) (311,137)


Receivable on reissue of units 20,500 7,767,912 36,054 2,000 440,911 8,371,146

Others 6,590 2,322 3,543 221 96,826 103,327

Total 189,385 9,155,982 145,701 2,719 4,588,105 28,510,644

SCHEDULE G







SCHEDULE H


Management fees 1,131,274 1,186,001 571,372 677,087 37,821,675 56,392,394

Service tax on Mangement fees 116,521 122,158 58,851 69,740 3,895,632 5,808,417

Trusteeship fees 49,913 52,328 25,210 29,874 1,960,924 2,985,126



Commission to agents 690,598 576,032 330,974 414,488 15,538,524 35,067,689

Publicity expenses 117,279 431,039 74,232 177,909 17,173,227 17,496,689

Audit fees 21,827 14,995 10,999 6,752 842,173 628,219

Custodian fees 8,859 9,931 5,509 6,057 441,800 1,098,253

Registrar fee 182,867 91,664 97,487 54,480 6,758,407 5,455,325

Administrative expenses 168,141 123,809 81,951 53,208 4,948,168 6,536,992

Total 2,495,593 2,616,322 1,260,447 1,493,656 89,704,567 131,874,411

19


Audited Balance sheet As At March 31, 2011 Figures in Rs.JM Emerging Leaders Fund JM Core 11 Fund - Series 1 JM Telecom Sector Fund

Sch. March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010LiabilitiesUnit Capital A 1,863,552,340 2,984,497,860 2,040,619,503 5,259,431,062 49,709,436 103,570,935 Reserves & Surplus B (516,613,696) (640,622,857) (1,240,092,878) (2,916,003,567) (13,061,726) (21,420,484)Current Liabilities & Provisions C 47,533,103 29,175,433 7,502,219 45,740,101 2,472,523 718,721 Total 1,394,471,747 2,373,050,436 808,028,844 2,389,167,596 39,120,233 82,869,172 AssetsInvestments D 1,331,242,132 2,319,228,303 794,236,396 2,198,750,802 23,199,066 80,771,942 Deposits E 58,312,193 39,679,683 11,174,730 74,522,444 15,440,593 2,061,630 Other Current Assets F 4,917,422 14,142,450 2,617,718 18,574,682 480,574 35,600

Deferred Revenue Expenditure G - - - 97,319,668 - - Total 1,394,471,747 2,373,050,436 808,028,844 2,389,167,596 39,120,233 82,869,172

Revenue Account for the Year / Period ended March 31, 2011 Figures in Rs.JM Emerging Leaders Fund JM Core 11 Fund - Series 1 JM Telecom Sector Fund


IncomeDividend 27,194,387 21,947,747 13,131,591 18,800,003 332,903 171,576 Interest 926,684 1,686,711 2,754,450 706,391 179,398 70,343 Profit on sale/redemption of investments (other than inter scheme transfer/sale)

413,007,651 475,660,758 296,277,664 314,878,688 15,701,758 4,709,935

Profit on inter-scheme transfer/sale of investments 296,815 9,501,096 - 19,614,435 - - Profit on Futures / Options 4,341,361 75,168,748 71,304,179 153,346,895 - - Other income - - - - - - Net change in unrealised appreciation / depreciation of Investments

- 2,106,095,203 - 1,723,648,783 4,212,788 18,368,813

Load Income 844,840 946,422 - - 6,147 9,434 Total Income 446,611,738 2,691,006,685 383,467,884 2,230,995,195 20,432,994 23,330,101 Expenses and LossesManagement & Operating expenses H 46,529,129 53,148,756 46,475,145 54,738,266 1,779,632 1,420,568 Deferred revenue expenditure written off - - 85,436,345 1,18,121,293 - - Loss on sale/redemption of investments (other than inter-scheme transfer/sale)

278,618,242 991,625,671 309,393,591 426,908,629 19,996,638 3,431,966

Loss on Futures / Options 2,557,637 87,841,647 19,029,470 12,683,826 - - Loss on inter-scheme transfer/sale of investments - 26,154,624 6,377,717 154,909,850 - - Net change in unrealised appreciation/depreciation of Investments

127,886,248 - 145,386,841 - - -

Total Expenses & Losses 455,591,256 1,158,770,698 612,099,109 767,361,864 21,776,270 4,852,534 Surplus / (Deficit) for the year (8,979,518) 1,532,235,987 (228,631,225) 1,463,633,331 (1,343,276) 18,477,567 Add/(Less): Income Equalisation Account 152,555,640 (214,265,852) 51,542,487 499,717,851 9,702,034 (13,525,762)Add: Write back of provision for Unrealised Appreciation on Investments

205,350,367 - 146,657,267 - - -


(77,464,119) (205,350,367) (1,270,426) (146,657,267) (50,750) -

Surplus / (Deficit) 271,462,370 1,112,619,768 (31,701,897) 1,816,693,915 8,308,008 4,951,805 Balance brought forward from Balance Sheet (1,091,993,513) (2,204,613,281) (3,209,931,184) (5,026,625,099) (21,420,484) (26,372,289)Surplus / (Deficit) available for distribution (820,531,143) (1,091,993,513) (3,241,633,081) (3,209,931,184) (13,112,476) (21,420,484)AppropriationIncome Distribution - - - - - - Distribution Tax - - - - - - Balance carried to the Balance Sheet (820,531,143) (1,091,993,513) (3,241,633,081) (3,209,931,184) (13,112,476) (21,420,484)Accounting Policies and Notes on Accounts IFund Manager Asit Bhandarkar


J.M. Gandhi V. P. Shetty Dr. R Srinivasan Bhanu Katoch Asit Bhandarkar Partner Chairman Director Chief Executive Officer Fund ManagerM. No. 37924



20


schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Emerging Leaders Fund JM Core 11 Fund - Series 1 JM Telecom Sector Fund


SCHEDULE A

Unit Capital

Unit Capital - Dividend 892,590,420 1,419,467,540 702,831,749 2,230,830,376 18,108,686 69,723,849

Unit Capital - Growth 970,961,920 1,565,030,320 1,337,787,754 3,028,600,686 31,600,750 33,847,086


















Total 1,863,552,340 2,984,497,860 2,040,619,503 5,259,431,062 49,709,436 103,570,935


SCHEDULE B

Reserves & Surplus

Unit Premium Reserve -

Opening Balance 246,020,289 (185,338,189) 147,270,350 73,399,846 - (1,039,421)

Add/(Less): Transfer from/to Income Equalisation Account - 103,803,500 - (762,219,666) - 21,559,162

Add/(Less): On account of purchase/sale of units (19,566,961) 327,554,978 1,852,999,427 836,090,170 - (20,519,741)

Closing Balance 226,453,328 246,020,289 2,000,269,777 147,270,350 - -

Unrealised Appreciation Reserve 77,464,119 205,350,367 1,270,426 146,657,267 50,750 -

Surplus/(Deficit)

Balance brought forward from Revenue Account (820,531,143) (1,091,993,513) (3,241,633,081) (3,209,931,184) (13,112,476) (21,420,484)

Grand Total (516,613,696) (640,622,857) (1,240,092,878) (2,916,003,567) (13,061,726) (21,420,484)

SCHEDULE C



Contracts for purchase of investments 29,484,981 5,953,760 - 40,965,904 - -

Management fee payable 1,306,138 2,279,364 904,444 2,107,283 40,004 85,339


Load Payable 7,110,397 3,775,744 - - 664,117 131,761

Others 2,670,248 2,866,822 4,105,086 2,368,070 177,279 87,494

Mark to market payable 360,047 - - 212,171 - -

Payable on repurchase of units 6,552,063 14,206,466 2,459,621 1,161 1,589,683 411,047

Total 47,533,103 29,175,433 7,502,219 45,740,101 2,472,523 718,721

SCHEDULE D

Investments

Equity Shares 1,331,242,132 2,319,228,303 794,236,396 2,198,750,802 23,199,066 80,771,942




- - - - - -

21


schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Emerging Leaders Fund JM Core 11 Fund - Series 1 JM Telecom Sector Fund









Total 1,331,242,132 2,319,228,303 794,236,396 2,198,750,802 23,199,066 80,771,942

SCHEDULE E

Deposits

- CBLO 31,312,193 16,479,683 11,174,730 53,972,444 15,440,593 2,061,630


- Margin Deposits 27,000,000 23,200,000 - 20,550,000 - -


Total 58,312,193 39,679,683 11,174,730 74,522,444 15,440,593 2,061,630

SCHEDULE F


Balances with banks in current account 2,888,211 250,223 1,951,580 - 462,972 62

Contracts for sale of investments - 11,275,982 - 18,566,777 - -


Outstanding and accrued income 7,084 2,144 2,525 7,023 3,489 268



Receivable on reissue of units 2,006,220 2,596,296 660,478 - 6,508 33,902

Others 15,907 17,805 3,135 882 7,605 1,368

Total 4,917,422 14,142,450 2,617,718 18,574,682 480,574 35,600

SCHEDULE G



Opening balance - - 97,319,668 243,543,350 - -

Less: Amount written off during the period - - 85,436,345 118,121,293 - -

Less: Adjusted against redemption of units - - 11,883,323 28,102,389 - -

Closing Balance - - - 97,319,668 - -

SCHEDULE H


Management fees 20,007,672 22,675,000 19,965,044 23,316,202 806,723 643,956

Service tax on Mangement fees 2,060,790 2,335,525 2,056,400 2,401,569 83,092 66,327

Trusteeship fees 978,456 1,125,563 978,234 1,160,921 35,594 28,412



Commission to agents 11,194,752 14,359,288 16,541,379 20,975,197 511,057 206,212

Publicity expenses 4,976,677 7,587,021 199,399 2,232,118 63,436 232,208

Audit fees 437,039 278,726 439,500 266,684 16,334 8,707

Custodian fees 259,376 239,877 217,220 255,425 18,113 6,154

Registrar fee 3,649,695 2,010,519 3,688,681 2,274,074 131,912 49,119

Administrative expenses 2,808,655 2,384,161 2,232,996 1,700,091 107,806 175,597

Total 46,529,129 53,148,756 46,475,145 54,738,266 1,779,632 1,420,568

22


Audited Balance sheet As At March 31, 2011 Figures in Rs.JM Tax Gain Fund JM Agri & Infra Fund JM HI FI Fund

Sch. March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010LiabilitiesUnit Capital A 812,569,493 790,970,456 3,491,968,381 5,073,945,900 163,411,752 218,128,263 Reserves & Surplus B (238,990,198) (231,661,134) (2,632,534,621) (3,574,401,411) (80,845,715) (98,690,944)Current Liabilities & Provisions C 18,718,727 6,675,744 26,453,421 3,048,343 1,438,402 1,113,199 Total 592,298,022 565,985,066 885,887,181 1,502,592,832 84,004,439 120,550,518 AssetsInvestments D 530,971,031 523,968,011 846,761,391 1,315,322,249 82,175,621 113,386,161 Deposits E 26,739,179 38,543,926 32,473,314 102,128,270 1,434,093 6,348,094 Other Current Assets F 34,587,812 3,473,129 6,652,476 4,638,030 394,725 816,263

Deferred Revenue Expenditure G - - - 80,504,283 - - Total 592,298,022 565,985,066 885,887,181 1,502,592,832 84,004,439 120,550,518

Revenue Account for the Year / Period ended March 31, 2011 Figures in Rs.JM Tax Gain Fund JM Agri & Infra Fund JM HI FI Fund


IncomeDividend 5,557,869 4,141,539 10,642,532 16,478,870 1,216,058 1,282,981 Interest 956,577 721,941 1,972,740 1,225,899 234,011 194,970 Profit on sale/redemption of investments (other than inter scheme transfer/sale)

85,150,192 179,041,828 192,824,484 366,204,522 26,675,727 62,367,248

Profit on inter-scheme transfer/sale of investments 3,090,425 2,841,366 6,068,536 11,462,253 - 1,462,351 Profit on Futures / Options 4,529,901 25,258,125 29,855,783 237,755,169 2,983,640 14,599,376 Other income - 68,843 - - - 18,935 Net change in unrealised appreciation / depreciation of Investments

- 180,081,649 - 1,201,992,623 - 27,631,659

Load Income - - - - 18,949 24,956 Total Income 99,284,964 392,155,291 241,364,075 1,835,119,336 31,128,385 107,582,476 Expenses and LossesManagement & Operating expenses H 14,828,122 12,042,835 29,470,562 36,852,917 2,686,268 3,226,453 Deferred revenue expenditure written off - - 70,365,291 112,607,637 - - Loss on sale/redemption of investments (other than inter-scheme transfer/sale)

72,822,622 109,724,147 255,175,322 838,675,634 23,725,186 36,335,091

Loss on Futures / Options 10,616,082 40,758,404 33,771,815 330,211,764 6,038,188 26,066,484 Loss on inter-scheme transfer/sale of investments - 158,288 6,762,615 49,908,703 388,340 17,793 Net change in unrealised appreciation/depreciation of Investments

2,604,876 - 40,094,447 - 3,853,400 -

Total Expenses & Losses 100,871,702 162,683,674 435,640,052 1,368,256,655 36,691,382 65,645,821 Surplus / (Deficit) for the year (1,586,738) 229,471,617 (194,275,977) 466,862,681 (5,562,997) 41,936,655 Add/(Less): Income Equalisation Account (5,742,326) (71,040,918) 320,271,726 967,495,901 23,408,226 17,747,310 Add: Write back of provision for Unrealised Appreciation on Investments

51,456,138 - 11,291,089 - 3,985,733 -


(48,851,262) (51,456,138) - (11,291,089) (132,334) (3,985,733)

Surplus / (Deficit) (4,724,188) 106,974,561 137,286,838 1,423,067,493 21,698,628 55,698,232 Balance brought forward from Balance Sheet (323,183,876) (430,158,437) (3,598,194,675) (5,021,262,168) (106,680,645) (162,378,877)Surplus / (Deficit) available for distribution (327,908,064) (323,183,876) (3,460,907,837) (3,598,194,675) (84,982,017) (106,680,645)AppropriationIncome Distribution - - - - - - Distribution Tax - - - - - -

Balance carried to the Balance Sheet (327,908,064) (323,183,876) (3,460,907,837) (3,598,194,675) (84,982,017) (106,680,645)

Accounting Policies and Notes on Accounts IFund Manager Sanjay Chhabaria


J.M. Gandhi V. P. Shetty Dr. R Srinivasan Bhanu Katoch Sanjay Chhabaria Partner Chairman Director Chief Executive Officer Fund Manager M. No. 37924



23


schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Tax Gain Fund JM Agri & Infra Fund JM HI FI Fund


SCHEDULE A

Unit Capital

Unit Capital - Dividend 272,604,464 266,852,957 1,043,853,290 1,794,635,305 81,232,035 105,861,547

Unit Capital - Growth 539,965,029 524,117,499 2,448,115,091 3,279,310,595 82,179,717 112,266,716


















Total 812,569,493 790,970,456 3,491,968,381 5,073,945,900 163,411,752 218,128,263


SCHEDULE B

Reserves & Surplus


Opening Balance 40,066,604 (10,830,482) 12,502,175 162,431,450 4,003,968 (2,126,816)

Add/(Less): Transfer from/to Income Equalisation Account - 80,310,283 - (1,058,419,722) - (10,467,178)

Add/(Less): On account of purchase/sale of units - (29,413,197) 815,871,041 908,490,447 - 16,597,962

Closing Balance 40,066,604 40,066,604 828,373,216 12,502,175 4,003,968 4,003,968

Unrealised Appreciation Reserve 48,851,262 51,456,138 - 11,291,089 132,334 3,985,733

Surplus/(Deficit)

Balance brought forward from Revenue Account (327,908,064) (323,183,876) (3,460,907,837) (3,598,194,675) (84,982,017) (106,680,645)

Grand Total (238,990,198) (231,661,134) (2,632,534,621) (3,574,401,411) (80,845,715) (98,690,944)

SCHEDULE C



Contracts for purchase of investments 17,000,282 5,460,784 - - - -

Management fee payable 576,350 577,822 938,849 1,415,509 84,031 130,014


Load Payable 43,729 44,970 - - 319,265 165,854

Others 1,077,615 571,314 1,947,796 1,485,289 407,971 236,786

Mark to market payable - - - 93,240 - -

Payable on repurchase of units - - 23,532,973 - 624,110 575,853

Total 18,718,727 6,675,744 26,453,421 3,048,343 1,438,402 1,113,199

SCHEDULE D

Investments

Equity Shares 530,971,031 523,968,011 846,761,391 1,313,597,249 82,175,621 113,386,161




- - - 1,725,000 - -

24


schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Tax Gain Fund JM Agri & Infra Fund JM HI FI Fund









Total 530,971,031 523,968,011 846,761,391 1,315,322,249 82,175,621 113,386,161

SCHEDULE E

Deposits

- CBLO 26,739,179 34,933,926 32,473,314 69,628,270 1,434,093 748,094


- Margin Deposits - 3,610,000 - 32,500,000 - 5,600,000


Total 26,739,179 38,543,926 32,473,314 102,128,270 1,434,093 6,348,094

SCHEDULE F


Balances with banks in current account 17,000,271 16,156 5,710,635 - 319,057 -

Contracts for sale of investments 16,608,181 1,995,565 - 4,401,231 - 292,032


Outstanding and accrued income 625,649 4,547 363,737 236,700 44,890 85



Receivable on reissue of units 353,571 1,450,500 373,598 - 23,525 452,082

Others 140 6,361 204,506 99 7,253 72,064

Total 34,587,812 3,473,129 6,652,476 4,638,030 394,725 816,263

SCHEDULE G



Opening balance - - 80,504,283 223,674,557 - -

Less: Amount written off during the period - - 70,365,291 112,607,637 - -

Less: Adjusted against redemption of units - - 10,138,992 30,562,637 - -

Closing Balance - - - 80,504,283 - -

SCHEDULE H


Management fees 6,721,714 5,459,121 13,111,209 16,109,216 1,217,708 1,462,579

Service tax on Mangement fees 692,337 562,289 1,350,454 1,659,249 125,424 150,646

Trusteeship fees 296,572 240,864 600,408 763,449 53,727 64,531



Commission to agents 3,762,542 2,730,313 8,585,200 12,810,241 452,534 837,867

Publicity expenses 833,847 1,659,202 177,730 1,454,379 126,325 381,568

Audit fees 132,041 61,575 265,157 169,218 23,991 14,506

Custodian fees 62,697 55,805 134,042 179,908 265,655 15,239

Registrar fee 1,150,471 530,780 2,256,294 1,795,916 201,319 118,456

Administrative expenses 1,131,910 709,595 2,894,849 1,799,384 211,198 171,444

Total 14,828,122 12,042,835 29,470,562 36,852.917 2,686,268 3,226,453

25


Audited Balance sheet As At March 31, 2011 Figures in Rs.JM Financial Services Sector Fund JM High Liquidity Fund JM Money Manager Fund - Super Plus Plan

Sch. March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010LiabilitiesUnit Capital A 168,093,055 272,456,173 3,786,182,061 9,997,692,063 3,951,257,323 22,260,547,061 Reserves & Surplus B 1,544,672 (28,869,622) 1,636,402,629 2,849,671,599 119,034,315 2,304,501,211 Current Liabilities & Provisions C 12,601,487 3,350,423 13,560,803 1,833,764,282 6,496,095 181,391,002 Total 182,239,214 246,936,974 5,436,145,493 14,681,127,944 4,076,787,733 24,746,439,274 AssetsInvestments D 104,669,101 233,639,666 5,326,715,561 14,673,021,027 3,933,992,733 22,580,677,641 Deposits E 72,438,545 13,143,819 109,029,131 4,617,575 36,457,927 67,831,251 Other Current Assets F 5,131,568 153,489 400,801 3,489,342 106,337,073 2,097,930,382

Deferred Revenue Expenditure G - - - - - - Total 182,239,214 246,936,974 5,436,145,493 14,681,127,944 4,076,787,733 24,746,439,274

Revenue Account for the Year / Period ended March 31, 2011 Figures in Rs.JM Financial Services Sector Fund JM High Liquidity Fund JM Money Manager Fund - Super Plus Plan


IncomeDividend 2,691,992 4,729,863 - - - - Interest 361,719 291,990 1,693,533,061 428,400,285 1,145,643,783 2,316,326,827 Profit on sale/redemption of investments (other than inter scheme transfer/sale)

60,740,167 95,198,709 10,895,991 17,339,712 89,779,128 210,385,500

Profit on inter-scheme transfer/sale of investments - 1,829,166 - - - 12,783,593 Profit on Futures / Options 2,707,240 33,592,355 - - - - Other income - - 870,038 36,878 5,026,153 13,168 Net change in unrealised appreciation / depreciation of Investments

- 93,030,502 284,488 - - 19,816,348

Load Income 105,427 130,469 - - - - Total Income 66,606,545 228,803,054 1,705,583,578 445,776,875 1,240,449,064 2,559,325,436 Expenses and LossesManagement & Operating expenses H 5,310,696 7,113,260 51,270,878 18,696,744 64,151,257 163,665,080 Deferred revenue expenditure written off - - - - - - Loss on sale/redemption of investments (other than inter-scheme transfer/sale)

22,615,333 25,811,157 4,089,172 30,388,064 44,744,770 73,509,826

Loss on Futures / Options 3,958,283 71,029,093 - - - - Loss on inter-scheme transfer/sale of investments - 6,233,026 56,979 - 196,702 340,132 Net change in unrealised appreciation/depreciation of Investments

1,918,128 - - 214,122 26,501,927 -

Total Expenses & Losses 33,802,440 110,186,536 55,417,029 49,298,930 135,594,656 237,515,038 Surplus / (Deficit) for the year 32,804,105 118,616,518 1,650,166,549 396,477,945 1,104,854,408 2,321,810,398 Add/(Less): Income Equalisation Account 7,197,578 (24,990,652) (2,352,604,564) 254,581,331 (2,551,232,026) 156,668,191 Add: Write back of provision for Unrealised Appreciation on Investments

12,324,692 - - - 21,244,524 1,428,176


(10,406,565) (12,324,692) - - - (21,244,524)

Surplus / (Deficit) 41,919,810 81,301,174 (702,438,015) 651,059,276 (1,425,133,094) 2,458,662,241 Balance brought forward from Balance Sheet (48,430,183) (129,731,357) 2,849,671,599 2,283,764,181 2,283,256,687 930,623,294 Surplus / (Deficit) available for distribution (6,510,373) (48,430,183) 2,147,233,584 2,934,823,457 858,123,593 3,389,285,535 AppropriationIncome Distribution - - 399,961,532 66,356,387 607,284,230 904,286,814 Distribution Tax - - 110,768,456 18,795,471 131,658,781 201,742,034

Balance carried to the Balance Sheet (6,510,373) (48,430,183) 1,636,503,596 2,849,671,599 119,180,582 2,283,256,687

Accounting Policies and Notes on Accounts IFund Manager Sanjay Chhabaria Shalini Tibrewala


J.M. Gandhi V. P. Shetty Dr. R Srinivasan Bhanu Katoch Sanjay Chhabaria Shalini Tibrewala Partner Chairman Director Chief Executive Officer Fund Manager Fund ManagerM. No. 37924



26


schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Financial Services Sector Fund JM High Liquidity Fund JM Money Manager Fund - Super Plus Plan


SCHEDULE A

Unit Capital

Unit Capital - Dividend 44,590,312 81,151,330 - - 3,611,589,242 13,104,386,286


Unit Capital - Bonus - - 3,259,797 2,849,249 - -

Unit Capital - Daily Dividend - - 245,880,420 462,967,299 - -

Unit Capital - Weekly Dividend - - 75,965,979 57,437,695 37,146,050 1,632,952,769

Unit Capital - Fortnightly Dividend - - - - 239,956 5,726,271


Unit Capital - Quarterly Dividend - - 1,681,690 1,243,018 - -


Unit Capital - Institutional Dividend - - 53,726,834 13,419,823 - -

Unit Capital - Institutional Daily Dividend - - 140,934,852 13,999,410 - -

Unit Capital - Institutional Growth - - 97,254,656 53,941,911 - -

Unit Capital - Super Institutional Daily Dividend - - 499,430,282 3,218,518,409 - -


Unit Capital - Super Institutional Growth - - 2,557,187,208 6,103,461,680 - -





Total 168,093,055 272,456,173 3,786,182,061 9,997,692,063 3,951,257,323 22,260,547,061

No.of Units of face value of Rs.10/- each 16,809,306 27,245,617 378,618,206 999,769,206 395,125,732 2,226,054,706

SCHEDULE B

Reserves & Surplus


Opening Balance 7,235,869 (51,110,025) - (1,851,751,234) - 22,469,600

Add/(Less): Transfer from/to Income Equalisation Account - (7,801,171) - 760,048,273 - (4,722,926,804)

Add/(Less): On account of purchase/sale of units (9,587,389) 66,147,065 (100,967) 1,091,702,961 (146,267) 4,700,457,204

Closing Balance (2,351,520) 7,235,869 (100,967) - (146,267) -

Unrealised Appreciation Reserve 10,406,565 12,324,692 - - - 21,244,524

Surplus/(Deficit)

Balance brought forward from Revenue Account (6,510,373) (48,430,183) 1,636,503,596 2,849,671,599 119,180,582 2,283,256,687

Grand Total 1,544,672 (28,869,622) 1,636,402,629 2,849,671,599 119,034,315 2,304,501,211

SCHEDULE C




Management fee payable 179,512 256,817 1,663,910 409,409 2,109,726 5,788,594

Trusteeship fee payable 6,463 9,269 957,425 369,392 287,721 1,924,241

Load Payable 764,061 306,545 - - - -

Others 388,166 303,786 5,490,827 1,095,325 3,373,727 7,072,887


Payable on repurchase of units 11,263,285 2,474,006 5,448,641 1,831,890,156 724,921 166,605,280

Total 12,601,487 3,350,423 13,560,803 1,833,764,282 6,496,095 181,391,002

SCHEDULE D

Investments

Equity Shares 104,669,101 233,639,666 - - - -


Privately Placed Debentures/Bonds - - - 2,750,000,000 747,876,175 2,316,070,754


- - - 79,048,104 368,144,751 445,238,290

27


schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Financial Services Sector Fund JM High Liquidity Fund JM Money Manager Fund - Super Plus Plan




Treasury Bills - - - - 98,630,000 149,505,000

Commercial Paper - - 1,870,649,561 3,128,376,859 995,951,807 7,803,227,211

Securitised - - - - - 744,327,236

Certificate of Deposits - - 3,456,066,000 8,715,596,064 1,723,390,000 6,848,863,398

Others (Mutual Fund Units) - - - - - 4,273,445,752

Total 104,669,101 233,639,666 5,326,715,561 14,673,021,027 3,933,992,733 22,580,677,641

SCHEDULE E

Deposits

- CBLO 72,438,545 13,143,819 109,029,131 2,217,575 12,257,927 17,831,251


- Margin Deposits - - - - - -

- Deposit with CCIL - - - 2,400,000 24,200,000 50,000,000

Total 72,438,545 13,143,819 109,029,131 4,617,575 36,457,927 67,831,251

SCHEDULE F


Balances with banks in current account 506,774 - 284,574 164,575 744,746 724,787

Contracts for sale of investments - - - - - -


Outstanding and accrued income 162,464 1,693 24,744 2,993,804 59,163,070 62,050,291



Receivable on reissue of units 4,395,330 146,169 596 - 46,402,306 2,035,117,482

Others 67,000 5,627 90,887 330,963 26,951 37,822

Total 5,131,568 153,489 400,801 3,489,342 106,337,073 2,097,930,382

SCHEDULE G







SCHEDULE H


Management fees 2,407,384 3,224,501 18,285,788 4,095,759 27,171,383 61,276,178

Service tax on Mangement fees 247,961 332,124 1,883,436 421,863 2,798,653 6,311,446

Trusteeship fees 106,217 142,270 11,932,101 4,714,686 10,053,969 24,179,404

Interest on Borrowing - - 2,712,329 223,367 911,672 199,310

Registration and legal expenses 16,657 21,479 1,250,402 502,421 1,195,766 2,560,600

Commission to agents 1,479,285 1,958,684 7,825,097 2,731,226 10,743,033 32,730,168

Publicity expenses 258,961 772,740 140,391 192,834 531,954 2,388,780

Audit fees 46,935 29,718 325,229 91,896 414,205 716,050

Custodian fees 22,280 32,130 1,391,219 295,854 919,195 2,948,977

Registrar fee 397,967 259,138 4,117,537 4,864,358 7,310,008 25,546,461

Administrative expenses 327,049 340,476 1,407,349 562,480 2,101,419 4,807,706

Total 5,310,696 7,113,260 51,270,878 18,696,744 64,151,257 163,665,080

28


Audited Balance sheet As At March 31, 2011 Figures in Rs.JM Money Manager Fund - Super Plan JM Money Manager Fund - Regular Plan JM Floater Fund- Long Term Plan

Sch. March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010LiabilitiesUnit Capital A 1,380,354,444 1,232,127,310 1,189,008,007 1,027,731,030 62,119,317 15,119,680 Reserves & Surplus B 154,836,235 172,019,462 105,216,716 170,717,046 29,218,751 2,676,327 Current Liabilities & Provisions C 2,859,979 682,292 1,082,565 93,097 48,896 43,399 Total 1,538,050,658 1,404,829,064 1,295,307,288 1,198,541,173 91,386,964 17,839,406 AssetsInvestments D 1,522,779,858 1,399,844,311 1,284,629,777 1,196,065,914 19,707,470 13,006,173 Deposits E 10,293,791 2,950,445 8,182,716 2,348,739 71,560,963 4,395,344 Other Current Assets F 4,977,009 2,034,308 2,494,795 126,520 118,531 437,889

Deferred Revenue Expenditure G - - - - - - Total 1,538,050,658 1,404,829,064 1,295,307,288 1,198,541,173 91,386,964 17,839,406

Revenue Account for the Year / Period ended March 31, 2011 Figures in Rs.JM Money Manager Fund - Super Plan JM Money Manager Fund - Regular Plan JM Floater Fund- Long Term Plan


IncomeDividend - - - - - - Interest 341,132,023 24,129,258 100,715,094 4,437,569 4,159,120 1,818,967 Profit on sale/redemption of investments (other than inter scheme transfer/sale)

4,548,871 87,238 4,717,849 26,347 12,624 -

Profit on inter-scheme transfer/sale of investments - - - - - - Profit on Futures / Options - - - - - - Other income 757,118 - - - 450 - Net change in unrealised appreciation / depreciation of Investments

92,859 - - - 72,546 -

Load Income - - - - - - Total Income 346,530,871 24,216,496 105,432,943 4,463,916 4,244,740 1,818,967 Expenses and LossesManagement & Operating expenses H 17,338,574 1,402,948 4,953,856 479,450 308,730 203,196 Deferred revenue expenditure written off - - - - - - Loss on sale/redemption of investments (other than inter-scheme transfer/sale)

1,253,776 6,700 23,918 17,369 77,658 -

Loss on Futures / Options - - - - - - Loss on inter-scheme transfer/sale of investments - 2,649 - 1,734 465 - Net change in unrealised appreciation/depreciation of Investments

- - 11,197 - - 24,693

Total Expenses & Losses 18,592,350 1,412,297 4,988,971 498,553 386,853 227,889 Surplus / (Deficit) for the year 327,938,521 22,804,199 100,443,972 3,965,363 3,857,887 1,591,078 Add/(Less): Income Equalisation Account (104,661,597) (367,546,966) (96,507,586) 160,092,264 23,421,298 (46,652,028)Add: Write back of provision for Unrealised Appreciation on Investments

- - - - - -


(92,859) - - - - -

Surplus / (Deficit) 223,184,065 (344,742,767) 3,936,386 164,057,627 27,279,185 (45,060,950)Balance brought forward from Balance Sheet 172,019,462 531,329,718 170,717,046 8,351,394 2,676,327 48,403,917 Surplus / (Deficit) available for distribution 395,203,527 186,586,951 174,653,432 172,409,021 29,955,512 3,342,967 AppropriationIncome Distribution 199,040,808 12,507,525 57,213,391 1,417,094 623,699 571,844 Distribution Tax 41,082,600 2,059,964 12,224,620 274,881 113,062 94,796 Balance carried to the Balance Sheet 155,080,119 172,019,462 105,215,421 170,717,046 29,218,751 2,676,327 Accounting Policies and Notes on Accounts I

Fund Manager Shalini Tibrewala


J.M. Gandhi V. P. Shetty Dr. R Srinivasan Bhanu Katoch Shalini Tibrewala Partner Chairman Director Chief Executive Officer Fund ManagerM. No. 37924



29


schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Money Manager Fund - Super Plan JM Money Manager Fund - Regular Plan JM Floater Fund- Long Term Plan


SCHEDULE A

Unit Capital

Unit Capital - Dividend 804,407,364 512,979,619 842,593,418 361,327,954 559,947 534,435

Unit Capital - Growth 376,491,018 570,488,646 295,245,765 660,348,414 3,172,244 4,331,688


Unit Capital - Daily Dividend - - - - 562,332 680,876

Unit Capital - Weekly Dividend 189,322,916 126,332,527 46,177,890 4,312,042 368,013 3,031,922

Unit Capital - Fortnightly Dividend 10,133,146 22,326,518 4,990,934 1,742,620 - -










Unit Capital - Premium Dividend - - - - 198,145 3,194,912

Unit Capital - Premium Growth - - - - 56,178,292 687,565

Unit Capital - Premium Daily Dividend - - - - 692,499 1,063,094

Unit Capital - Premium Weekly Dividend - - - - 387,845 1,595,188

Total 1,380,354,444 1,232,127,310 1,189,008,007 1,027,731,030 62,119,317 15,119,680


SCHEDULE B

Reserves & Surplus


Opening Balance - (523,290,369) - (336,984) - (41,854,695)

Add/(Less): Transfer from/to Income Equalisation Account - 408,968,340 - 3,543,395 - 44,748,430

Add/(Less): On account of purchase/sale of units (336,743) 114,322,029 1,295 (3,206,411) - (2,893,735)

Closing Balance (336,743) - 1,295 - - -

Unrealised Appreciation Reserve 92,859 - - - - -

Surplus/(Deficit)

Balance brought forward from Revenue Account 155,080,119 172,019,462 105,215,421 170,717,046 29,218,751 2,676,327

Grand Total 154,836,235 172,019,462 105,216,716 170,717,046 29,218,751 2,676,327

SCHEDULE C




Management fee payable 500,653 138,570 218,838 21,537 21,306 7,038


Load Payable 172,008 46,154 118,749 - - 435

Others 1,231,440 199,211 690,263 59,224 22,917 4,811


Payable on repurchase of units 847,153 249,761 - 7,012 1,401 30,107

Total 2,859,979 682,292 1,082,565 93,097 48,896 43,399

SCHEDULE D

Investments

Equity Shares - - - - - -




988,804 1,000,000 988,804 1,000,000 - 13,006,173

30


schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Money Manager Fund - Super Plan JM Money Manager Fund - Regular Plan JM Floater Fund- Long Term Plan





Commercial Paper 490,970,475 338,374,387 492,303,685 402,341,996 19,707,470 -


Certificate of Deposits 1,030,820,579 1,060,469,924 791,337,288 792,723,918 - -


Total 1,522,779,858 1,399,844,311 1,284,629,777 1,196,065,914 19,707,470 13,006,173

SCHEDULE E

Deposits

- CBLO 10,293,791 2,950,445 8,182,716 2,348,739 71,560,963 4,395,344


- Margin Deposits - - - - - -


Total 10,293,791 2,950,445 8,182,716 2,348,739 71,560,963 4,395,344

SCHEDULE F


Balances with banks in current account - - - - 100,005 100,004

Contracts for sale of investments - - - - - -





Receivable on reissue of units 4,939,405 2,009,400 2,456,000 100,117 - -

Others 167 284 1,845 1,852 2,487 2,432

Total 4,977,009 2,034,308 2,494,795 126,520 118,531 437,889

SCHEDULE G







SCHEDULE H


Management fees 8,492,257 533,165 2,311,914 164,228 163,903 107,153

Service tax on Mangement fees 874,703 54,916 238,127 16,915 16,882 11,037

Trusteeship fees 2,292,166 203,717 688,462 49,024 29,885 18,661



Commission to agents 3,037,060 241,647 806,404 106,421 12,012 -

Publicity expenses 374,840 34,800 98,626 8,859 12,858 2,879

Audit fees 111,167 15,147 32,380 3,127 1,978 496

Custodian fees 350,383 23,476 166,431 9,304 1,011 22,633

Registrar fee 1,011,502 215,603 383,311 88,829 9,252 21,089

Administrative expenses 553,984 59,108 154,196 27,470 57,811 17,118

Total 17,338,574 1,402,948 4,953,856 479,450 308,730 203,196

31


Audited Balance sheet As At March 31, 2011 Figures in Rs.

JM Floater Fund - Short Term Plan JM MIP Fund JM Interval Fund - Quarterly Plan 1JM Fixed Maturity Fund Series XIX -

Plan ASch. March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011

LiabilitiesUnit Capital A 17,776,726 53,667,059 50,093,174 69,673,910 253,361,590 1,521,282 1,086,219,910

Reserves & Surplus B 6,042,075 18,605,136 16,146,757 18,470,341 25,282,730 94,518 18,914,971 Current Liabilities & Provisions C 12,327 82,494 792,753 2,736,052 189,518 79,960 310,643 Total 23,831,128 72,354,689 67,032,684 90,880,303 278,833,838 1,695,760 1,105,445,524 AssetsInvestments D 5,887,014 44,003,811 64,585,415 85,570,485 274,383,221 - 1,103,856,802 Deposits E 17,940,373 27,602,409 2,265,469 2,945,642 4,449,605 1,695,533 1,588,363 Other Current Assets F 3,741 748,469 181,800 2,364,176 1,012 227 359

Deferred Revenue Expenditure G - - - - - - - Total 23,831,128 72,354,689 67,032,684 90,880,303 278,833,838 1,695,760 1,105,445,524

Revenue Account for the Year / Period ended March 31, 2011 Figures in Rs.


Plan A

Sch. Current Year Previous Year Current Year Previous Year Current Year Current Year Previous Year

Income

Dividend - - 110,486 134,258 - - - Interest 3,170,607 14,679,499 5,162,916 4,219,106 26,388,510 1,085,748 874,447 Profit on sale/redemption of investments (other than inter scheme transfer/sale)

2,149 92,614 2,460,464 3,413,862 35,485 - -

Profit on inter-scheme transfer/sale of investments - 229,320 - - - - - Profit on Futures / Options - - - - - - - Other income - - - - - - - Net change in unrealised appreciation / depreciation of Investments

6,032 - - 3,956,560 - - 18,507,724

Load Income - - - - - 83,200 - Total Income 3,178,788 15,001,433 7,733,866 11,723,786 26,423,995 1,168,948 19,382,171 Expenses and LossesManagement & Operating expenses H 131,838 903,395 1,866,718 1,981,460 665,751 395,864 467,200 Deferred revenue expenditure written off - - - - - - - Loss on sale/redemption of investments (other than inter-scheme transfer/sale)

- - 1,647,333 1,294,048 257 - -

Loss on Futures / Options - - - - - - - Loss on inter-scheme transfer/sale of investments 6,568 38,092 246,969 72,923 - - - Net change in unrealised appreciation/depreciation of Investments

- 13,314 1,135,564 - - - -

Total Expenses & Losses 138,406 954,801 4,896,584 3,348,431 666,008 395,864 467,200 Surplus / (Deficit) for the year 3,040,382 14,046,632 2,837,282 8,375,355 25,757,987 773,084 18,914,971 Add/(Less): Income Equalisation Account (15,011,475) (303,468,792) (4,348,827) (93,964,365) 12,880,709 (13,366,466) - Add: Write back of provision for Unrealised Appreciation on Investments

- 7,282 796,663 - - - -


- - - (796,663) - - (18,507,724)

Surplus / (Deficit) (11,971,093) (289,414,878) (714,882) (86,385,673) 38,638,696 (12,593,382) 407,247 Balance brought forward from Balance Sheet 18,605,136 317,877,811 17,687,720 104,577,059 94,518 13,074,166 - Surplus / (Deficit) available for distribution 6,634,043 28,462,933 16,972,838 18,191,386 38,733,214 480,784 407,247 AppropriationIncome Distribution 463,442 7,681,899 700,415 448,027 11,503,910 325,651 - Distribution Tax 128,526 2,175,898 106,066 55,639 1,946,574 60,615 - Balance carried to the Balance Sheet 6,042,075 18,605,136 16,166,357 17,687,720 25,282,730 94,518 407,247 Accounting Policies and Notes on Accounts IFund Manager Shalini Tibrewala


J.M. Gandhi V. P. Shetty Dr. R Srinivasan Bhanu Katoch Shalini Tibrewala Partner Chairman Director Chief Executive Officer Fund ManagerM. No. 37924



32




Plan A

March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011

SCHEDULE A

Unit Capital

Unit Capital - Dividend 7,259,761 15,328,543 - - 2,193,580 983,677 29,316,750

Unit Capital - Growth 10,516,965 38,338,516 25,673,161 33,385,646 1,455,450 200,078 1,056,903,160

Unit Capital - Bonus - - - - - - -

Unit Capital - Daily Dividend - - - - - - -

Unit Capital - Weekly Dividend - - - - - - -

Unit Capital - Fortnightly Dividend - - - - - - -

Unit Capital - Monthly Dividend - - 9,407,304 18,472,894 - - -

Unit Capital - Quarterly Dividend - - 13,155,173 15,620,958 - - -

Unit Capital - Annual Dividend - - 1,857,536 2,194,412 - - -

Unit Capital - Institutional Dividend - - - - 155,521,430 - -

Unit Capital - Institutional Daily Dividend - - - - - - -

Unit Capital - Institutional Growth - - - - 94,191,130 337,527 -

Unit Capital - Super Institutional Daily Dividend - - - - - - -

Unit Capital - Super Institutional Weekly Dividend - - - - - - -

Unit Capital - Super Institutional Growth - - - - - - -

Unit Capital - Premium Dividend - - - - - - -

Unit Capital - Premium Growth - - - - - - -

Unit Capital - Premium Daily Dividend - - - - - - -

Unit Capital - Premium Weekly Dividend - - - - - - -

Total 17,776,726 53,667,059 50,093,174 69,673,910 253,361,590 1,521,282 1,086,219,910

No.of Units of face value of Rs.10/- each 1,777,673 5,366,706 5,009,317 6,967,391 25,336,159 152,128 108,621,991

SCHEDULE B

Reserves & Surplus


Opening Balance - 6,272,274 (14,042) (93,026,591) - (8,867,143) -

Add/(Less): Transfer from/to Income Equalisation Account - 299,763,823 - 92,337,209 - 12,854,978 -

Add/(Less): On account of purchase/sale of units - (306,036,097) (5,558) 675,340 - (3,987,835) -

Closing Balance - - (19,600) (14,042) - - -

Unrealised Appreciation Reserve - - - 796,663 - - 18,507,724

Surplus/(Deficit)

Balance brought forward from Revenue Account 6,042,075 18,605,136 16,166,357 17,687,720 25,282,730 94,518 407,247

Grand Total 6,042,075 18,605,136 16,146,757 18,470,341 25,282,730 94,518 18,914,971

SCHEDULE C


Sundry creditors - - - - - - -

Contracts for purchase of investments - - - - - - -

Management fee payable 3,553 5,658 72,849 94,713 33,685 152 186,158

Trusteeship fee payable 1,230 2,553 2,623 3,418 18,949 137 41,890

Load Payable - - 328,199 271,522 53,282 50,101 -

Others 7,544 12,031 313,044 73,170 83,602 29,570 82,595

Mark to market payable - - - - - - -

Payable on repurchase of units - 62,252 76,038 2,293,229 - - -

Total 12,327 82,494 792,753 2,736,052 189,518 79,960 310,643

SCHEDULE D

Investments

Equity Shares - - 10,123,514 12,966,335 - - -

Less: Provision for Equity Shares cost - - - - - - -

Privately Placed Debentures/Bonds - - - - - - -


- 44,003,811 15,179,003 46,897,910 - - -

33




Plan A


Less: Provision for doubtful Investments - - - - - - -

Government Securities - - - - - - -

Treasury Bills - - - - - - -

Commercial Paper - - 9,754,155 25,706,240 - - -

Securitised - - - - - - -

Certificate of Deposits 5,887,014 - 29,528,743 - 274,383,221 - 1,103,856,802

Others (Mutual Fund Units) - - - - - - -

Total 5,887,014 44,003,811 64,585,415 85,570,485 274,383,221 - 1,103,856,802

SCHEDULE E

Deposits

- CBLO 17,940,373 27,602,409 2,265,469 2,945,642 4,449,605 1,695,533 1,588,363

- Term Deposits - - - - - - -

- Margin Deposits - - - - - - -

- Deposit with CCIL - - - - - - -

Total 17,940,373 27,602,409 2,265,469 2,945,642 4,449,605 1,695,533 1,588,363

SCHEDULE F


Balances with banks in current account 42 45 - 435,292 - - -

Contracts for sale of investments - - - - - - -

Mark to market receivable - - - - - - -

Outstanding and accrued income 2,842 747,567 109,181 1,394,028 1,012 227 359

Less : Provision for doubtful income - - - - - - -

Shares/Debentures application money - - - - - - -

Receivable on reissue of units - - 65,763 527,913 - - -

Others 857 857 6,856 6,943 - - -

Total 3,741 748,469 181,800 2,364,176 1,012 227 359

SCHEDULE G



Opening balance - - - - - - -

Less: Amount written off during the period - - - - - - -

Less: Adjusted against redemption of units - - - - - - -

Closing Balance - - - - - - -

SCHEDULE H


Management fees 57,539 327,614 940,218 998,011 229,473 194,767 282,381

Service tax on Mangement fees 5,926 33,744 96,843 102,795 23,636 20,061 29,085

Trusteeship fees 26,368 180,679 41,484 44,034 159,406 9,651 77,867

Interest on Borrowing - - - - - - -

Registration and legal expenses 2,828 22,417 5,942 6,255 16,434 2,358 890

Commission to agents - 11,012 300,932 447,007 91,677 - -

Publicity expenses - 9,910 126,558 24,706 30,316 25,590 66,137

Audit fees 711 1,099 14,415 8,148 4,684 593 88

Custodian fees 23,767 49,037 1,266 1,252 18,446 - -

Registrar fee 7,937 226,356 48,849 73,584 45,866 137,645 500

Administrative expenses 6,762 41,527 290,211 275,668 45,813 5,199 10,252

Total 131,838 903,395 1,866,718 1,981,460 665,751 395,864 467,200

34


Audited Balance sheet As At March 31, 2011 Figures in Rs.JM Fixed

Maturity Fund Series XIX - Plan B


Series XIX - Plan C


Series XIX - Plan D

JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 JM Income Fund

Sch. March 31,2011 March 31,2011 March 31,2011 March 31,2011 March 31,2010 March 31,2011 March 31,2010LiabilitiesUnit Capital A 472,062,050 682,129,830 538,496,390 218,424,010 218,424,010 73,199,072 86,595,597

Reserves & Surplus B 1,072,377 6,133,303 7,855,325 18,069,390 1,079,815 43,523,194 52,421,165 Current Liabilities & Provisions C 716,960 99,927 96,116 94,302 61,105 756,729 9,566,865 Total 473,851,387 688,363,060 546,447,831 236,587,702 219,564,930 117,478,995 148,583,627 AssetsInvestments D 473,206,948 687,638,705 520,121,346 236,146,076 217,649,558 57,516,550 113,010,150 Deposits E 644,293 724,191 26,320,427 441,517 996,938 59,094,864 34,779,293 Other Current Assets F 146 164 6,058 109 918,434 867,581 794,184

Deferred Revenue Expenditure G - - - - - - - Total 473,851,387 688,363,060 546,447,831 236,587,702 219,564,930 117,478,995 148,583,627

Revenue Account for the Year / Period ended March 31, 2011 Figures in Rs.JM Fixed



Series XIX - Plan C


Series XIX - Plan D


Sch. Current Year Current Year Previous Year Current Year Previous Year Current Year Previous Year

IncomeDividend - - - - - - - Interest 4,759,551 477,498 428,114 16,061,994 1,128,518 6,750,843 7,770,228 Profit on sale/redemption of investments (other than inter scheme transfer/sale)

- - - 2,248,724 - 3,841,521 3,773,485

Profit on inter-scheme transfer/sale of investments - - - - - 169,555 8,071 Profit on Futures / Options - - - - - - - Other income - - - - - - 1,296 Net change in unrealised appreciation / depreciation of Investments

- 5,730,705 7,516,466 - 10,698 - 48,173

Load Income - - - - - - - Total Income 4,759,551 6,208,203 7,944,580 18,310,718 1,139,216 10,761,919 11,601,253 Expenses and LossesManagement & Operating expenses H 116,948 74,900 89,255 1,025,261 59,401 2,814,628 3,686,103 Deferred revenue expenditure written off - - - - - - - Loss on sale/redemption of investments (other than inter-scheme transfer/sale)

824 - - 285,184 - 2,364,801 9,905,287

Loss on Futures / Options - - - - - - - Loss on inter-scheme transfer/sale of investments - - - - - - 124,587 Net change in unrealised appreciation/depreciation of Investments

- - - 10,698 - 346,036 -

Total Expenses & Losses 117,772 74,900 89,255 1,321,143 59,401 5,525,465 13,715,977 Surplus / (Deficit) for the year 4,641,779 6,133,303 7,855,325 16,989,575 1,079,815 5,236,454 (2,114,724)Add/(Less): Income Equalisation Account - - - - - (14,115,940) (3,534,333,701)Add: Write back of provision for Unrealised Appreciation on Investments

- - - 10,698 - 55,602 7,429


- (5,730,705) (7,516,466) - (10,698) - (55,602)

Surplus / (Deficit) 4,641,779 402,598 338,859 17,000,273 1,069,117 (8,823,884) (3,536,496,598)Balance brought forward from Balance Sheet - - - 1,069,117 - 52,316,974 3,588,813,572 Surplus / (Deficit) available for distribution 4,641,779 402,598 338,859 18,069,390 1,069,117 43,493,090 52,316,974 AppropriationIncome Distribution 2,959,720 - - - - - - Distribution Tax 609,682 - - - - - - Balance carried to the Balance Sheet 1,072,377 402,598 338,859 18,069,390 1,069,117 43,493,090 52,316,974 Accounting Policies and Notes on Accounts IFund Manager Shalini Tibrewala Shalini Tibrewala & Girish Hisaria


J.M. Gandhi V. P. Shetty Dr. R Srinivasan Bhanu Katoch Shalini Tibrewala Girish HisariaPartner Chairman Director Chief Executive Officer Fund Manager Fund ManagerM. No. 37924



35


schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Fixed



Series XIX - Plan C


Series XIX - Plan D



SCHEDULE A

Unit Capital

Unit Capital - Dividend 373,141,970 50,175,240 4,025,000 68,000 68,000 29,460,715 34,627,342

Unit Capital - Growth 98,920,080 631,954,590 534,471,390 218,356,010 218,356,010 19,225,735 26,634,696

Unit Capital - Bonus - - - - - 24,512,622 25,333,559

Unit Capital - Daily Dividend - - - - - - -

Unit Capital - Weekly Dividend - - - - - - -

Unit Capital - Fortnightly Dividend - - - - - - -

Unit Capital - Monthly Dividend - - - - - - -

Unit Capital - Quarterly Dividend - - - - - - -

Unit Capital - Annual Dividend - - - - - - -

Unit Capital - Institutional Dividend - - - - - - -

Unit Capital - Institutional Daily Dividend - - - - - - -

Unit Capital - Institutional Growth - - - - - - -

Unit Capital - Super Institutional Daily Dividend - - - - - - -

Unit Capital - Super Institutional Weekly Dividend - - - - - - -

Unit Capital - Super Institutional Growth - - - - - - -

Unit Capital - Premium Dividend - - - - - - -

Unit Capital - Premium Growth - - - - - - -

Unit Capital - Premium Daily Dividend - - - - - - -

Unit Capital - Premium Weekly Dividend - - - - - - -

Total 472,062,050 682,129,830 538,496,390 218,424,010 218,424,010 73,199,072 86,595,597

No.of Units of face value of Rs.10/- each 47,206,205 68,212,983 53,849,639 21,842,401 21,842,401 7,319,907 8,659,560

SCHEDULE B

Reserves & Surplus


Opening Balance - - - - - 48,589 (3,515,515,319)

Add/(Less): Transfer from/to Income Equalisation Account - - - - - - 3,534,768,912

Add/(Less): On account of purchase/sale of units - - - - - (18,485) (19,205,004)

Closing Balance - - - - - 30,104 48,589

Unrealised Appreciation Reserve - 5,730,705 7,516,466 - 10,698 - 55,602

Surplus/(Deficit)

Balance brought forward from Revenue Account 1,072,377 402,598 338,859 18,069,390 1,069,117 43,493,090 52,316,974

Grand Total 1,072,377 6,133,303 7,855,325 18,069,390 1,079,815 43,523,194 52,421,165

SCHEDULE C


Sundry creditors - - - - - - -

Contracts for purchase of investments - - - - - - 9,156,042

Management fee payable 40,302 37,446 35,699 76,063 46,086 124,476 148,038

Trusteeship fee payable 18,138 16,853 4,017 9,008 5,940 4,482 5,343

Load Payable - - - - - 16,514 39,542

Others 658,520 45,628 56,400 9,231 9,079 284,720 211,067

Mark to market payable - - - - - - -

Payable on repurchase of units - - - - - 326,537 6,833

Total 716,960 99,927 96,116 94,302 61,105 756,729 9,566,865

SCHEDULE D

Investments

Equity Shares - - - - - - -

Less: Provision for Equity Shares cost - - - - - - -

Privately Placed Debentures/Bonds - - - - - - -


- - - - 21,295,294 28,032,641 28,380,843

36


schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Fixed



Series XIX - Plan C


Series XIX - Plan D



Less: Provision for doubtful Investments - - - - - (1,000) (1,000)

Government Securities - - - - - - 8,990,000

Treasury Bills - - - - - - -

Commercial Paper - - 309,870,410 157,275,158 196,354,264 - 51,668,022

Securitised - - - - - - -

Certificate of Deposits 473,206,948 687,638,705 210,250,936 78,870,918 - 29,484,909 23,972,285

Others (Mutual Fund Units) - - - - - - -

Total 473,206,948 687,638,705 520,121,346 236,146,076 217,649,558 57,516,550 113,010,150

SCHEDULE E

Deposits

- CBLO 644,293 724,191 26,320,427 441,517 996,938 59,094,864 22,979,293

- Term Deposits - - - - - - -

- Margin Deposits - - - - - - -

- Deposit with CCIL - - - - - - 11,800,000

Total 644,293 724,191 26,320,427 441,517 996,938 59,094,864 34,779,293

SCHEDULE F


Balances with banks in current account - - - - - 160,002 75,640

Contracts for sale of investments - - - - - - -

Mark to market receivable - - - - - - -

Outstanding and accrued income 146 164 5,948 109 918,379 707,549 718,453

Less : Provision for doubtful income - - - - - - -

Shares/Debentures application money - - - - - - -

Receivable on reissue of units - - - - - - -

Others - - 110 - 55 30 91

Total 146 164 6,058 109 918,434 867,581 794,184

SCHEDULE G



Opening balance - - - - - - -

Less: Amount written off during the period - - - - - - -

Less: Adjusted against redemption of units - - - - - - -

Closing Balance - - - - - - -

SCHEDULE H


Management fees 42,411 33,953 32,368 769,903 41,887 1,417,656 1,856,597

Service tax on Mangement fees 4,368 3,497 3,334 79,300 4,314 146,019 191,229

Trusteeship fees 23,390 18,725 4,463 113,919 6,600 62,549 81,916

Interest on Borrowing - - - - - - -

Registration and legal expenses 890 890 890 11,948 1,008 8,903 12,702

Commission to agents 333 - 333 - 130 419,173 863,086

Publicity expenses 25,993 - - - 386 187,199 46,380

Audit fees 88 88 88 1,050 576 21,550 13,309

Custodian fees - - - - 2,305 1,433 9,190

Registrar fee 499 - 499 - 1,767 73,534 140,386

Administrative expenses 18,976 17,747 47,280 49,141 428 476,612 471,308

Total 116,948 74,900 89,255 1,025,261 59,401 2,814,628 3,686,103

37


Audited Balance sheet As At March 31, 2011 Figures in Rs.JM Short Term Fund JM G-Sec Fund - Regular Plan JM Arbitrage Advantage Fund

Sch. March 31,2011 March 31,2010 March 31,2011 March 31,2010 March 31,2011 March 31,2010LiabilitiesUnit Capital A 2,117,008,523 132,712,624 36,093,850 44,385,151 504,842,840 4,233,703,656 Reserves & Surplus B 453,248,570 43,746,536 45,324,274 55,242,434 64,753,740 400,108,215 Current Liabilities & Provisions C 1,592,773 279,757 573,620 131,863,183 57,019,331 64,159,330 Total 2,571,849,866 176,738,917 81,991,744 231,490,768 626,615,911 4,697,971,201 AssetsInvestments D 2,552,393,111 138,303,422 - 35,960,000 400,003,102 3,573,827,019 Deposits E 8,632,908 21,635,354 81,973,199 9,433,025 168,686,690 1,078,374,922 Other Current Assets F 10,823,847 16,800,141 18,545 186,097,743 57,926,119 45,769,260

Deferred Revenue Expenditure G - - - - - - Total 2,571,849,866 176,738,917 81,991,744 231,490,768 626,615,911 4,697,971,201

Revenue Account for the Year / Period ended March 31, 2011 Figures in Rs.JM Short Term Fund JM G-Sec Fund - Regular Plan JM Arbitrage Advantage Fund


IncomeDividend - - - - 9,549,043 39,422,297 Interest 26,015,305 25,051,163 8,598,980 11,317,516 27,536,489 81,989,465 Profit on sale/redemption of investments (other than inter scheme transfer/sale)

2,589,834 14,915,881 21,651,351 73,375,288 218,255,772 1,799,917,835

Profit on inter-scheme transfer/sale of investments 724,309 432,769 172,735 2,789,113 - 40,994,849 Profit on Futures / Options - - - - 580,515,439 1,425,690,846 Other income - - - 81 - 235 Net change in unrealised appreciation / depreciation of Investments

781,379 - 8,662 - 106,810,792 -

Load Income - - - - - - Total Income 30,110,827 40,399,813 30,431,728 87,481,998 942,667,535 3,388,015,527 Expenses and LossesManagement & Operating expenses H 2,673,046 3,770,784 3,289,227 6,261,786 17,045,050 59,177,378 Deferred revenue expenditure written off - - - - - - Loss on sale/redemption of investments (other than inter-scheme transfer/sale)

2,298,132 10,415,628 21,011,617 47,647,796 358,201,238 389,642,352

Loss on Futures / Options - - - - 478,343,851 2,677,160,940 Loss on inter-scheme transfer/sale of investments 444,589 404,502 - 260,864 - 8,066,438 Net change in unrealised appreciation/depreciation of Investments

- 494,037 - 149,662 - 38,547,971

Total Expenses & Losses 5,415,767 15,084,951 24,300,844 54,320,108 853,590,139 3,172,595,079 Surplus / (Deficit) for the year 24,695,060 25,314,862 6,130,884 33,161,890 89,077,396 215,420,448 Add/(Less): Income Equalisation Account 401,049,784 (457,646,700) (15,898,536) (558,039,529) (389,399,824) (1,169,883)Add: Write back of provision for Unrealised Appreciation on Investments

- - - 141,000 - -


- - - - - -

Surplus / (Deficit) 425,744,844 (432,331,838) (9,767,652) (524,736,639) (300,322,428) 214,250,565 Balance brought forward from Balance Sheet 43,746,536 489,254,238 55,237,522 579,974,161 400,108,215 343,433,282 Surplus / (Deficit) available for distribution 469,491,380 56,922,400 45,469,870 55,237,522 99,785,787 557,683,847 AppropriationIncome Distribution 13,721,897 11,084,942 154,459 - 34,871,392 157,575,632 Distribution Tax 2,520,913 2,090,922 24,513 - - -

Balance carried to the Balance Sheet 453,248,570 43,746,536 45,290,898 55,237,522 64,914,395 400,108,215

Accounting Policies and Notes on Accounts IFund Manager Shalini Tibrewala & Girish Hisaria Chaitanya Choksi


J.M. Gandhi V. P. Shetty Dr. R Srinivasan Bhanu Katoch Shalini Tibrewala Girish Hisaria Chaitanya ChoksiPartner Chairman Director Chief Executive Officer Fund Manager Fund Manager Fund ManagerM. No. 37924



38


schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Short Term Fund JM G-Sec Fund - Regular Plan JM Arbitrage Advantage Fund


SCHEDULE A

Unit Capital

Unit Capital - Dividend 144,101,985 31,985,158 5,951,081 7,950,547 353,974,043 2,955,202,976


Unit Capital - Bonus - - 13,102,006 13,240,765 - -

Unit Capital - Daily Dividend 90,000 - - - - -






Unit Capital - Institutional Dividend 1,004,240,136 39,059,099 - - - -


Unit Capital - Institutional Growth 948,893,589 23,403,056 - - - -








Total 2,117,008,523 132,712,624 36,093,850 44,385,151 504,842,840 4,233,703,656


SCHEDULE B

Reserves & Surplus


Opening Balance - (422,740,720) 4,912 (348,247,767) - (103,861,378)

Add/(Less): Transfer from/to Income Equalisation Account - 449,780,530 - 536,197,569 - (3,735,711)

Add/(Less): On account of purchase/sale of units - (27,039,810) 28,464 (187,944,890) (160,655) 107,597,089

Closing Balance - - 33,376 4,912 (160,655) -

Unrealised Appreciation Reserve - - - - - -

Surplus/(Deficit)

Balance brought forward from Revenue Account 453,248,570 43,746,536 45,290,898 55,237,522 64,914,395 400,108,215

Grand Total 453,248,570 43,746,536 45,324,274 55,242,434 64,753,740 400,108,215

SCHEDULE C



Contracts for purchase of investments - - - 128,734,583 44,837,556 57,504,418

Management fee payable 260,776 75,674 82,799 87,558 171,586 1,134,997


Load Payable - - 239,117 335,705 1,157 645

Others 1,001,974 111,706 248,599 135,646 855,857 5,336,551


Payable on repurchase of units 292,234 83,552 - 2,566,399 11,131,112 -

Total 1,592,773 279,757 573,620 131,863,183 57,019,331 64,159,330

SCHEDULE D

Investments

Equity Shares - - - - 400,003,102 3,159,636,830




5,269,291 99,947,766 - - - -

39


schedules forming part of Balance sheet and Revenue Account Figures in Rs.JM Short Term Fund JM G-Sec Fund - Regular Plan JM Arbitrage Advantage Fund



Government Securities - - - 35,960,000 - -


Commercial Paper 1,079,559,875 - - - - -


Certificate of Deposits 1,467,563,945 38,355,656 - - - 98,469,790

Others (Mutual Fund Units) - - - - - 315,720,399

Total 2,552,393,111 138,303,422 - 35,960,000 400,003,102 3,573,827,019

SCHEDULE E

Deposits

- CBLO 8,632,908 21,635,354 81,973,199 9,433,025 56,186,690 134,454,922

- Term Deposits - - - - 88,000,000 720,000,000

- Margin Deposits - - - - 24,500,000 223,920,000


Total 8,632,908 21,635,354 81,973,199 9,433,025 168,686,690 1,078,374,922

SCHEDULE F


Balances with banks in current account - - - - 9,516,404 9,962

Contracts for sale of investments - - - 184,010,833 46,430,100 36,474,927

Mark to market receivable - - - - 1,885,722 8,144,422

Outstanding and accrued income 949 3,131,162 18,545 586,849 89,020 1,129,748



Receivable on reissue of units 10,821,535 13,667,499 - 1,500,000 - 5,000

Others 1,363 1,480 - 61 4,873 5,201

Total 10,823,847 16,800,141 18,545 186,097,743 57,926,119 45,769,260

SCHEDULE G







SCHEDULE H


Management fees 1,198,959 1,510,541 1,590,433 3,027,751 5,084,581 18,580,938

Service tax on Mangement fees 123,493 155,586 163,815 311,858 523,712 1,913,837

Trusteeship fees 175,831 229,775 73,096 139,155 846,287 2,763,087



Commission to agents 842,011 1,383,966 603,813 1,971,388 7,524,373 23,415,722

Publicity expenses 14,025 33,995 340,515 85,495 528,426 5,445,733

Audit fees 21,589 11,954 30,800 12,890 171,854 314,193

Custodian fees 60,755 50,496 - - 248,558 768,171

Registrar fee 105,623 267,367 85,989 259,650 1,179,609 3,870,676

Administrative expenses 111,220 100,032 390,664 427,098 791,978 1,776,719

Total 2,673,046 3,770,784 3,289,227 6,261,786 17,045,050 59,177,378

40


Revenue Account for the Period ended March 31, 2011 Figures in Rs.

JM Interval Fund - Quarterly Plan 2 JM Fixed Maturity Fund Series XIII - 18 Months Plan 1 JM Fixed Maturity Fund Series XVI - Yearly Plan

Sch. April 06, 2010 March 31,2010 April 26, 2010 March 31,2010 November 15, 2010 March 31,2010

IncomeDividend - - - - - - Interest 2,697 604,174 897,941 10,845,487 21,016,193 12,418,111 Profit on sale/redemption of investments(other than inter scheme transfer/sale)

- 20,775 - 5,068,511 1,390,777 -

Net change in unrealised Appreciation/Depreciation of Investments

- - - - - -

Load Income 10,511 136,353 17,339 4,963 - - Total Income 13,208 761,302 915,280 15,918,961 22,406,970 12,418,111 Expenses and LossesManagement & Operating expenses 10,729 26,383 52,102 697,250 1,775,150 636,529 Loss on sale/redemption of investments (other than inter-scheme transfer/sale)

- - - 585 - -

Loss on inter-scheme transfer/sale of investments - - - 2,602 - - Net change in unrealised Appreciation/Depreciation of Investments

- - - - - -

Total Expenses & Losses 10,729 26,383 52,102 700,437 1,775,150 636,529 Surplus / (Deficit) for the year 2,479 734,919 863,178 15,218,524 20,631,820 11,781,582 Add/(Less): Income Equalisation Account - (5,773,705) - (9,036) - - Add :Write back of provision for Unrealised Appreciation on Investments

- - - - - -


- - - - - -

Add/(Less) :Unit Premium Reserve (86,714) - (19,368,092) - (31,867,122) - Surplus / (Deficit) (84,235) (5,038,786) (18,504,914) 15,209,488 (11,235,302) 11,781,582 Balance brought forward from Balance Sheet 110,197 6,505,344 18,666,309 3,720,806 11,781,582 - Surplus / (Deficit) available for distribution 25,962 1,466,558 161,395 18,930,294 546,280 11,781,582 AppropriationIncome Distribution 22,204 1,176,361 139,849 228,840 469,236 - Distribution Tax 3,758 179,999 21,546 35,147 77,044 - Balance carried to the Balance Sheet - 110,198 - 18,666,307 - 11,781,582

Schedule Forming part of Revenue AccountApril 06, 2010 March 31,2010 April 26, 2010 March 31,2010 November 15, 2010 March 31,2010

SCHEDULE AManagement & Operating expensesManagement fees 6 990 8,905 84,798 1,100,391 405,496 Service tax on Mangement fees 1 102 917 8,734 113,340 41,766 Trusteeship fees 36 5,454 4,911 65,943 144,734 89,453 Other operating expenses - - - - - - Deferred revenue expenditure written off - - - - - - Registration and legal expenses 257 657 1,384 7,999 15,399 10,080 Commission to agents - - 333 318,482 333 31,327 Publicity expenses 5,549 16,984 3,118 13,259 9,757 1,757 Audit fees 100 127 346 5,008 9,064 2,025 Custodian fees - 36 6,369 17,991 - 769 Registrar fee 4,780 909 16,087 147,620 79,095 43,476 Administrative expenses - 1,124 9,732 27,416 303,037 10,380 Total 10,729 26,383 52,102 697,250 1,775,150 636,529 Accounting Policies and Notes on Accounts IFund Manager Shalini Tibrewala


J.M. Gandhi V. P. Shetty Dr. R Srinivasan Bhanu Katoch Shalini Tibrewala Partner Chairman Director Chief Executive Officer Fund Manager M. No. 37924



41


Accounting Policies1) Basis of Accounting The schemes maintain books of account on an accrual basis.2) INVESTMENTS a) Purchase and sale of securities are recognised on trade dates i.e. on the dates of transaction. Where transactions take place outside the stock market, the same will be recognized on the date of enforceable

obligation to pay/collect the proceeds. b) All investments are accounted at acquisition cost. Such cost is updated for stamp duty, brokerage, securities transaction tax on incurrence and other cost associated with purchase of investments. All investments

are shown at marked to market. c) Cost of Right Equity Shares is considered at issue price plus premium paid, if any to acquire rights renunciation. d) Bonus entitlements are recognised on ex-bonus dates. Similarly, rights are recognized on ex-rights dates on the principal stock exchange where the original shares are traded. e) Equity stock futures are marked to market on a daily basis. Debit or credit balance disclosed under other current assets or current liabilities respectively, in the “Mark to Market Margin – Receivable/ Payable

Account”, represents the net amount payable or receivable on the basis of movement in the prices of stock futures till the balance sheet date from the purchase date. f ) In case of Options, premium received/paid is marked to market and the balance amount is treated as liability/asset till the time the position is expired/squared off.3) INCOME RECOGNITION a) Dividend income is accrued on ex-dividend date. In case of unquoted, the same is recognized on the date of declaration. b) Profit or loss on sale of investments is arrived at by applying weighted average cost on trade date. Except that, such profit is not recognised in respect of sale transaction remaining unsettled for more than three

months. c) Underwriting commission is accrued on confirmation of full subscription by the Company. In case of devolvement, underwriting commission is adjusted against cost of investments of devolved securities. d) Provision is made against income accrued but not received for one quarter after the due date. In respect of such investments, income is recognised when it is realised. e) Interest on investments, other than covered by Para‘d’ above, and other income are recognised on accrual basis. Interest on investment in defaulted cases is accounted on cash basis. f ) Unrealised gain / loss is recognized in Revenue Account. However, unrealised gain is excluded for calculating distributable income and same is carried to the Balance Sheet as Unrealised Appreciation Reserve. g) Income on discounted instruments with maturity upto 91 days is recognised in Revenue Account by spreading the difference between the maturity value and book value over the unexpired period of maturity.4) COLLATERAL BORROWING AND LENDING OBLIGATION (CBLO) CHARGES Collateral Borrowing and Lending Obligation (CBLO), charges are netted against the interest receipt. 5) INCOME EQUALISATION ACCOUNT & UNIT PREMIUM RESERVE I. In case of open-ended scheme, when units are purchased / sold by the Scheme at NAV based price, and; a) In case, NAV is higher than face value, amount representing unrealised appreciation per unit is transferred to Unit Premium Reserve. The balance amount of the NAV after reducing the face value of unit is

transferred to Income Equalisation Account. b) In case NAV is less than face value, the difference between the NAV and face value is transferred to Income Equalisation Account. The net balance in Income Equalisation Account is transferred to the Revenue Account at the year end. II. In case of close-ended Scheme, accounting for Income Equalisation as stated above is not carried out. The difference between face value and NAV of the units repurchased is credited/debited to Reserves.6) VALUATION OF PERFORMING ASSETS. For the purpose of financial statements, the Fund marks all investments to market and carries investments in the Balance Sheet at the market value. Unrealised gain, if any, arising out of appreciation of the investments,

is carried to the Balance Sheet. All securities are valued at market value, if quoted. Non traded / thinly traded / unlisted shares are valued after considering net worth, discounted average industry P/E ratio etc as prescribed in the revised SEBI Guidelines. Non-traded debt and money market instruments

are valued on YTM arrived at based on CRISIL model. In case where duration of such debt and money market instruments is less than 91 days, the same are valued on the basis of maturity value, adjusted for amortisation of the difference between cost and maturity value.

7) NON-PERFORMING ASSETS An investment is regarded as non-performing, if the interest/principal due is outstanding for more than one quarter from the day such income/installment has fallen due. For non performing assets provisions are made

as per guidelines prescribed by SEBI. 8) ENTRY/EXIT LOAD In accordance with the SEBI circular dated 30th June, 2009: i) No entry load is charged on fresh purchase applications received after 1st August, 2009. ii) Exit load charged above 1% is recognised as income of the scheme immediately. iii) Exit load charged upto 1% is utilised for meeting distribution & marketing expenses. Unutilised amount of load collected is carried forward to subsequent years unless the same is considered excess by the Trustees.

In the event the load is considered excess by the Trustees, the same would be recognised as income.9) EQUITY STOCK FUTURES On final settlement or squaring up of contracts for equity stock futures, the profit or loss is calculated as the difference between settlement price and the average cost. Accordingly, debit or credit balance pertaining to

the settled/ squared up contract in “Mark to market margin – Receivable/Payable Account” after adjustment of provision for anticipated losses is recognized in the Revenue account. 10) INITIAL ISSUE EXPENSES Initial Issue Expenses incurred at the time of new fund offering, in respect of schemes launched prior to SEBI circular dated 31 January 2008, was debited to the scheme and treated as Deferred Revenue Expenditure. Accordingly, Initial issue expenses in respect of JM Agri & Infra Fund and JM Core 11 Fund Series 1, are amortised to Revenue account over the duration of the scheme being close ended from the date of allotment of

units.NOTES ON ACCOUNTS1. Other income comprises of service charges, processing charges, underwriting commission, reversal of excess provision for expenses, etc.2. No provision for taxation is required as the fund is a recognised Mutual Fund under Section 10 (23D) of the Income Tax Act, 1961. 3. The accounts have been prepared as per the SEBI (Mutual Funds) Regulations, 1996, which do not require Cash Flow Statement and Segment Reporting, accordingly AS-3 and AS-17 have not been considered as

applicable to the schemes.

Accounting Policies And Notes On Accounts – schedule I

42


4. During the year ended 31st March, 2011, JM Core 11 Fund - Series 1 and JM Agri & Infra Fund being close ended schemes have been converted into open-ended schemes w.e.f. 5th March, 2011 and 18th January, 2011, respectively.

5. Brokerage on secondary market transactions, mobilization of funds, advisory fees and reimbursement of expenses paid to sponsor, affiliate companies or relatives of employees during the year: Commission paid to associates / related parties / group companies of sponsor/AMCPeriod - April 2010 to March 2011

Name of associate/related parties/group companies of sponsor/AMC

Nature of Association/Nature of Relation

Scheme Business given(Rs in .Lakhs & %of total Business received by the fund )

Commission paid (Rs in lakhs & % of total commission paid by the fund)

Amount (In. Lakhs.) % Amount (In. Lakhs.) %

JM Financial Services Private Limited Associate JM Equity Fund 0.26 0.09 0.33 2.24 JM Balanced Fund 0.51 1.22 0.21 2.58 JM Multi Strategy Fund 2.05 0.20 0.52 2.17 JM Contra Fund 38.47 8.48 10.00 8.74 JM Nifty Plus Fund 0.55 0.15 0.48 10.01 JM Small & Mid-cap Fund 4.52 0.64 1.66 4.05 JM Mid Cap Fund 1.01 0.26 0.60 9.77 JM Large Cap Fund 0.12 0.09 0.49 19.89 JM Basic Fund 17.79 0.56 10.07 4.43 JM Emerging Leaders Fund 32.19 1.34 13.83 12.71 JM Core 11 Fund - Series 1 0.20 0.94 22.97 14.79 JM Telecom Sector Fund 0.31 0.04 0.03 0.56 JM Tax Gain Fund 1.83 1.15 3.00 6.97 JM Agri & Infra Fund 4.15 2.48 2.89 4.26 JM HI FI Fund 0.21 0.05 0.24 3.24 JM Financial Services Sector Fund 12.41 1.72 0.22 1.61 JM High Liquidity Fund 1,852,995.62 14.22 12.70 12.80 JM Money Manager Fund - Super Plus Plan 420,936.93 24.14 38.78 25.27 JM Money Manager Fund - Super Plan 19,586.44 11.19 3.52 9.83 JM Money Manager Fund - Regular Plan 3,300.77 3.53 0.29 2.36 JM Floater Fund- Long Term Plan 327.75 4.37 0.02 1.45 JM MIP Fund 0.36 0.06 0.27 3.03 JM Interval Fund - Quarterly Plan 1 480.72 5.38 0.15 9.01 JM Fixed Maturity Fund Series XIX - Plan A 1,860.70 17.13 1.86 15.62 JM Fixed Maturity Fund Series XIX - Plan B 121.00 2.56 0.01 3.01 JM Fixed Maturity Fund Series XIX - Plan C 1,272.00 18.65 0.64 24.19 JM Fixed Maturity Fund Series XIX - Plan D 1,511.85 28.08 3.78 37.09 JM Income Fund - - 0.67 16.37 JM Short Term Fund 57.05 0.18 0.07 1.16 JM G-Sec Fund - Regular Plan - - 0.17 1.89 JM Arbitrage Advantage Fund 40.00 12.31 2.67 3.24 JM Financial Securities Private Limited Associate JM Balanced Fund - - 0.00* 0.00* JM High Liquidity Fund 314,854.76 2.42 0.19 0.19 JM Income Fund - - 0.00* 0.03Web Trust Co.In (India) Private Limited Relative of an employee is a

director of theJM Balanced Fund - - 0.04 0.55

distributor company JM Contra Fund - - 0.01 0.01JM Nifty Plus Fund - - 0.03 0.66JM Basic Fund - - 0.00* 0.00*~JM Telecom Sector Fund - - 0.00* 0.00*~JM HI FI Fund - - 0.00* 0.01

JM High Liquidity Fund - - 0.00* 0.00*~ JM Money Manager Fund - Super Plus Plan - - 0.0* 0.00*~ JM Money Manager Fund - Super Plan - - 0.05 0.14 JM Floater Fund- Long Term Plan - - 0.00* 0.01 JM MIP Fund - - 0.01 0.08 JM Fixed Maturity Fund Series XIX - Plan D 280.00 5.20 0.70 6.87 JM Short Term Fund - - 0.01 0.18

JM Arbitrage Advantage Fund - - 0.00* 0.00*~

43







M. A. Lalith Kumar The distributor is a relative of an employee

JM Multi Strategy Fund 0.11 0.01 0.00* 0.02

JM Contra Fund - - 0.00* 0.00*~ JM Small & Mid-cap Fund - - 0.00* 0.00*~ JM Basic Fund 0.30 0.01 0.01 0.01 JM Telecom Sector Fund 0.07 0.01 0.00* 0.06 JM Agri & Infra Fund - - 0.00* 0.00*~ JM Financial Services Sector Fund 0.07 0.01 0.01 0.05 JM High Liquidity Fund - - 0.00* 0.00*~Kavita Arun Ilkar The distributor is an employee JM MIP Fund 0.05 0.01 - -

Period - April 2009 to March 2010






JM Financial Services Private Limited Associate JM Equity Fund 1.04 0.10 0.27 0.87 JM Balanced Fund 0.05 0.07 0.24 2.26 JM Multi Strategy Fund 68.45 2.04 1.14 1.50 JM Contra Fund 16.09 0.99 6.76 4.32 JM Nifty Plus Fund 0.15 0.03 0.49 8.51 JM Small & Mid-cap Fund 13.36 0.84 1.94 3.54 JM Mid Cap Fund 2.75 0.21 0.98 7.59 JM Large Cap Fund 0.17 0.16 0.76 21.78 JM Basic Fund 400.98 2.80 15.73 3.25 JM Emerging Leaders Fund 93.10 1.37 12.19 6.92 JM Core 11 Fund - Series 1 - - 32.73 17.95 JM Telecom Sector Fund 2.73 0.41 0.04 0.77 JM Tax Gain Fund 4.54 1.28 2.66 6.39 JM Agri & Infra Fund - - 4.88 5.40 JM HI FI Fund 0.45 0.16 0.25 3.05 JM Financial Services Sector Fund 1.90 0.42 0.18 1.01 JM High Liquidity Fund 1,365,921.53 18.48 5.90 20.34 JM Money Manager Fund - Super Plus Plan 319,166.63 7.21 30.04 10.67 JM Money Manager Fund - Super Plan 1,035.21 5.96 0.14 5.98 JM Money Manager Fund - Regular Plan 80.55 0.47 0.01 0.75 JM Floater Fund- Long Term Plan 20.45 5.59 0.21 36.84 JM Floater Fund - Short Term Plan 360.50 4.32 0.02 3.64 JM MIP Fund 0.18 0.02 0.30 3.20 JM Interval Fund - Quarterly Plan 1 - - 0.00* 0.00*~ JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 0.45 0.02 0.00* 0.00*~ JM Income Fund - - 1.01 18.46 JM Short Term Fund 583.96 5.51 2.32 27.75 JM G-Sec Fund - Regular Plan 0.27 0.00*~ 0.31 2.57 JM Arbitrage Advantage Fund 5,436.85 9.85 10.37 3.75 JM Interval Fund - Quarterly Plan 2 - - - - JM Fixed Maturity Fund Series XVI - Yearly Plan 214.20 4.88 0.45 5.02 JM Financial Services Private Limited Associate JM Balanced Fund - - 0.00* 0.00*~ JM High Liquidity Fund 104,173.73 1.41 0.22 0.76 JM Income Fund - - 0.01 0.18Web Trust Co.In (India) Private Limited Relative of an

employeeJM Equity Fund - - 0.00* 0.00*~

is a director of the JM Balanced Fund - - 0.29 2.73 distributor company JM Contra Fund 0.15 0.01 0.01 0.00*~ JM Nifty Plus Fund - - 0.04 0.69 JM Basic Fund - - 0.01 0.00*~ JM Telecom Sector Fund - - 0.00* 0.00*~ JM HI FI Fund - - 0.00* 0.00*~

44







JM High Liquidity Fund - - 0.00* 0.00*~ JM Money Manager Fund - Super Plus Plan - - 0.01 0.00*~ JM Money Manager Fund - Super Plan 34.55 0.20 0.05 2.14 JM Floater Fund - Short Term Plan - - 0.00* 0.00*~ JM MIP Fund - - 0.01 0.11 JM Short Term Fund 11.00 0.10 0.02 0.24 JM Arbitrage Advantage Fund - - 0.06 0.02 M. A. Lalith Kumar The distributor is a JM Equity Fund - - 0.00* 0.00*~ relative of an

employee

JM Multi Strategy Fund 0.18 0.01 0.00* 0.00*~ JM Contra Fund - - 0.00* 0.00*~ JM Small & Mid-cap Fund - - 0.00* 0.00*~ JM Basic Fund 0.23 0.00*~ 0.01 0.00*~ JM Emerging Leaders Fund - - 0.00* 0.00*~ JM Telecom Sector Fund 0.12 0.02 0.00* 0.00*~ JM Tax Gain Fund 0.10 0.03 0.00* 0.00*~ JM Agri & Infra Fund - - 0.00* 0.00*~ JM HI FI Fund - - 0.00* 0.00*~ JM Financial Services Sector Fund 0.11 0.02 0.01 0.06 JM High Liquidity Fund 2.16 0.00*~ 0.00* 0.00*~

Brokerage paid to associates/related parties/group companies of sponsor/AMCPeriod - April 2010 to March 2011



Scheme Value of Transaction (in Rs. Lakhs & % of total value of transaction of the fund)

Brokerage ( Rs. Lakhs & % of total brokerage paid by the fund)


JM Financial Institutional Securities Private Limited Associate JM Equity Fund 738.34 8.22 1.47 9.17 JM Balanced Fund 432.86 11.65 0.86 14.06 JM Multi Strategy Fund 450.66 5.04 0.89 5.27 JM Contra Fund 1,645.13 2.83 3.20 3.20 JM Nifty Plus Fund 41.53 0.37 0.01 0.36 JM Small & Mid-cap Fund 685.52 4.57 1.07 4.89 JM Mid Cap Fund 95.90 4.03 0.19 4.25 JM Large Cap Fund 27.50 1.61 0.05 1.84 JM Basic Fund 9,107.98 8.14 14.33 8.93 JM Emerging Leaders Fund 4,736.22 12.04 7.76 11.19 JM Core 11 Fund - Series 1 2,090.32 2.78 3.42 3.73 JM Telecom Sector Fund 315.06 13.61 0.62 13.60 JM Tax Gain Fund 986.72 4.12 1.95 5.27 JM Agri & Infra Fund 2,644.84 4.01 5.19 5.77 JM HI FI Fund 424.50 4.76 0.84 7.10 JM Financial Services Sector Fund 836.76 4.86 1.66 6.75 JM Arbitrage Advantage Fund 4,170.59 1.27 0.87 1.10JM Financial Services Private Limited Associate JM Arbitrage Advantage Fund 16,477.33 5.03 3.49 4.41

Period - April 2009 to March 2010






JM Financial Institutional Securities Private Limited Associate JM Equity Fund 2,256.20 12.25 4.28 18.35 JM Balanced Fund 222.86 8.18 0.44 11.96 JM Multi Strategy Fund 3,287.50 12.47 5.76 16.85 JM Contra Fund 9,063.97 4.23 16.05 7.81 JM Nifty Plus Fund 1,741.06 2.90 1.64 10.85 JM Small & Mid-cap Fund 1,291.07 15.65 2.49 16.03 JM Mid Cap Fund 546.74 22.36 1.07 23.73 JM Large Cap Fund 224.68 10.54 0.45 10.87 JM Basic Fund 20,641.20 6.92 36.39 11.65

45







JM Emerging Leaders Fund 10,141.89 9.95 17.44 13.91 JM Core 11 Fund - Series 1 6,954.79 13.41 12.92 21.58 JM Telecom Sector Fund 156.07 26.91 0.31 28.70 JM Tax Gain Fund 5,595.79 9.27 10.20 15.73 JM Agri & Infra Fund 12,755.45 4.60 22.72 10.40 JM HI FI Fund 2,139.55 8.94 3.66 16.32 JM Financial Services Sector Fund 2,526.82 5.59 4.49 11.26 JM MIP Fund 39.29 10.32 0.08 10.96 JM Arbitrage Advantage Fund 10,727.29 0.79 1.56 0.37JM Financial Securities Private Limited Associate JM High Liquidity Fund 495.79 0.86 0.01 2.50JM Financial Services Private Limited Associate JM Multi Strategy Fund 157.17 0.60 0.31 0.91 JM Contra Fund 2,275.59 1.06 1.02 0.50 JM Large Cap Fund 41.97 1.97 0.08 1.93 JM Basic Fund 1,202.59 0.40 1.47 0.47 JM Emerging Leaders Fund 361.45 0.35 0.72 0.57 JM Core 11 Fund - Series 1 6,408.33 12.36 2.24 3.74 JM Tax Gain Fund 606.56 1.01 1.13 1.74 JM Agri & Infra Fund 6,250.37 2.25 3.98 1.82 JM HI FI Fund 420.51 1.76 0.33 1.47 JM Financial Services Sector Fund 422.26 0.93 0.64 1.61 JM Arbitrage Advantage Fund 60,338.67 4.46 17.20 4.13



Scheme Marketing & Selling Expenses2010-2011 2009-2010

Amount (In. Lakhs.) %JM Financial Services Private Limited Associate JM Equity Fund 0.03 0.03 JM Balanced Fund 0.01 0.02 JM Multi Strategy Fund 0.03 0.03 JM Contra Fund 1.83 0.20 JM Small & Mid-cap Fund 0.05 0.05 JM Mid Cap Fund 0.01 0.01 JM Large Cap Fund 0.00* 0.00* JM Basic Fund 3.50 0.38 JM Emerging Leaders Fund 0.14 0.16 JM Core 11 Fund - Series 1 0.15 0.17 JM Telecom Sector Fund 0.00* 0.00* JM Tax Gain Fund 0.04 0.03 JM Agri & Infra Fund 0.09 0.10 JM HI FI Fund 0.01 0.01 JM Financial Services Sector Fund 0.02 0.02 JM High Liquidity Fund 0.07 - JM Money Manager Fund - Super Plus Plan 0.30 0.22 JM Money Manager Fund - Super Plan - 0.00* JM Money Manager Fund - Regular Plan - 0.00* JM Fixed Maturity Fund Series XIX - Plan A 1.00 - JM Arbitrage Advantage Fund 0.14 0.21JM Financial Securities Private Limited Associate JM Nifty Plus Fund 1.03 - JM Floater Fund- Long Term Plan 0.08 - JM MIP Fund 1.05 JM Income Fund 1.60 - JM G-Sec Fund - Regular Plan 3.06 -

* less than Rs. One Thousand & *~ less than 0.01%These companies are associate companies as defined in SEBI (Mutual Funds) Regulations, 1996.6. There are no underwriting obligations undertaken by any of the schemes of the mutual funds with respect to issue of securities of associate companies. Hence, there is no devolvement.7. There is no contingent liability on underwriting commitment, uncalled liabilities on partly paid shares or on any other commitments.8. Expenses other than management fee and trusteeship fee, which is in excess of specified internal limit (within SEBI permitted limit) are borne by the Asset Management Company and Trustee Company.9. During the year ended 31st March, 2011 the Mutual Fund has invested in the securities of the sponsor company - JM Financial Ltd as follows.

46


Scheme (which had invested) Particulars 2010-2011 2009-2010Value

(Rs. in Lakhs)Value

(Rs. in Lakhs)JM Mid Cap Fund Purchase 14.22 21.48 Sale 20.81 -JM HI FI Fund Purchase - 45.73 Sale - 98.88JM Financial Services Sector Fund Purchase - - Sale 40.63 566.06Total Purchase 14.22 67.21Total Sale 61.44 664.94

10. Holding in sponsor company – JM Financial Ltd as on 31st March, 2011

Scheme (which had invested) 2010-2011 2009-2010Market Value (Rs. in Lakhs)

Market Value (Rs. in Lakhs)

JM Mid Cap Fund - 16.99JM Financial Services Sector Fund - 51.11

11. Following are the details of margin deposits placed with PCM and exchange (Rs. In Lakhs) :

Scheme 2010-2011

Futures and Options Exchange Margin

Equity Margin

Cash Deposit Fixed Deposit Cash Deposit

JM Equity Fund - - -

JM Balanced Fund - - -

JM Contra Fund - - -

JM Nifty Plus Fund 60.00 - -

JM Basic Fund 116.00 - -

JM Emerging Leaders Fund 270.00 - -

JM Core 11 Fund - Series 1 - - -

JM Tax Gain Fund - - -

JM Agri & Infra Fund - - -

JM HI FI Fund - - -

JM Arbitrage Advantage Fund 245.00 880.00 -

Scheme 2009-2010

Futures and Options Exchange Margin

Equity Margin

Cash Deposit Fixed Deposit Cash Deposit

JM Equity Fund 45.50 - -

JM Balanced Fund 61.00 - -

JM Contra Fund 122.00 - -

JM Nifty Plus Fund 72.00 - -

JM Basic Fund 154.00 - -

JM Emerging Leaders Fund 232.00 - -

JM Core 11 Fund - Series 1 205.50 - -

JM Tax Gain Fund 36.10 - -

JM Agri & Infra Fund 325.00 - -

JM HI FI Fund 56.00 - -

JM Arbitrage Advantage Fund 2,150.00 7,200.00 89.20

12. Following Central Government Securities were placed towards Business Segment and collateral for

Collateralised Borrowing and Lending Obligations (CBLO) with the Clearing Corporation of India Limited as of 31st March, 2011 (Rs. In Lakhs).

Scheme 2010-2011 2009-2010Cash Deposit 91 Day

Treasury Bill - 10/06/2011 (Face Value)

Cash Deposit 91 Day Treasury Bill - 30/04/2010 (Face Value

(Rs. In Lakhs) (Rs. In Lakhs) (Rs. In Lakhs) (Rs. In Lakhs)JM High Liquidity Fund - - 24.00 -JM Money Manager Fund - Super Plus Plan

242.00 1,000.00 500.00 1,500.00

JM Income Fund - - 118.00 -

13. Investors having large unit-holdings in the scheme which are over 25% of the NAV as on 31st March 2011(as per circular MFD/CIRNo 3/211/2001, dated 30/04/2001):

Scheme 2010-2011 2009-2010No.of

Investors% of Holding No.of

Investors% of Holding

JM High Liquidity Fund 1 36.90% 2 60.51%JM Money Manager Fund - Regular Plan

1 36.36% 1 62.60%

JM Floater Fund- Long Term Plan 1 76.64% - - JM G-Sec Fund - Regular Plan - - 1 27.76%JM Arbitrage Advantage Fund - - 1 26.84%JM Interval Fund-Quarterly Plan 2 - - 1 28.39%

14. On the Balance Sheet Date Unclaimed Redemption and Dividend are as under (Rs. In Lakhs).

Scheme 2010-2011 2009-2010

No.of Investors

Amount(Rs. in Lakhs)

No.of Investors

Amount(Rs. in Lakhs)

JM Equity Fund 1,735 7.29 1,738 7.43

JM Balanced Fund 1,635 2.76 1,636 5.05

JM Nifty Plus Fund 6 0.26 6 0.26

JM Basic Fund 65 0.83 65 0.83

JM High Liquidity Fund 38 0.95 38 0.95

JM Floater Fund- Long Term Plan 10 1.67 10 1.67

JM MIP Fund 121 1.15 121 1.15

JM Income Fund 3,052 10.26 3,056 10.45

JM Short Term Fund 25 0.07 25 0.07

JM G-Sec Fund 16 1.39 17 1.39

15. The details of value of investments by JM Financial Asset Management Private Limited and JM Financial Trustee Company Private Limited under the schemes of JM Financial Mutual Fund as at 31st March, 2011 :

Scheme JM Financial Asset Management Private Ltd

JM Financial Trustee Company Private Ltd

2010-2011 2009-2010 2010-2011 2009-2010Amount

(Rs. in Lakhs)Amount



(Rs. in Lakhs)JM Mid Cap Fund - - 79.67 86.06JM Large Cap Fund - - 77.69 69.35JM Emerging Leaders Fund - - 101.16 109.91JM High Liquidity Fund 50.01 - - 11.25JM Money Manager Fund - Super Plus Plan

- 4,865.17 - 521.83

JM Money Manager Fund - Super Plan

- 2,009.31 - -

JM Short Term Fund 1305.82 - - 16. Amount in respect of purchase and sale of investments yet to be settled :

47


Scheme 2010-2011 2009-2010Purchases Sales Purchases Sales

Rs. In Lakhs Rs. In Lakhs Rs. In Lakhs Rs. In LakhsJM Multi Strategy Fund - - - 64.91JM Contra Fund - - - 50.81JM Small & Mid-cap Fund - - - 43.38JM Mid Cap Fund - - - 13.70JM Basic Fund 424.09 - 153.05 198.24JM Emerging Leaders Fund 294.85 - 59.54 112.76JM Core 11 Fund - Series 1 - - 409.66 185.67JM Tax Gain Fund 170.00 - 54.61 19.96JM Agri & Infra Fund - - - 44.01JM HI FI Fund - - - 2.92JM Income Fund - - 91.56 -JM G-Sec Fund - Regular Plan - - 1,287.35 1,840.11JM Arbitrage Advantage Fund

448.38 - 575.04 364.75

17. Statement of Portfolio as on 31st March, 2011 : As per Annexure –1.

18. Details of investments made in companies which have invested more than 5% of the NAV of the Scheme in terms of regulation 25(11) : As per Annexure –2.

19. During the year no bonus was declared in any of the schemes.

20. In case of interim dividends declared during the year, there were cumulative distributable surplus in the respective scheme, on the dates of declaration of dividend. On account of subsequent change in the value of the investments, considering market value as on the Balance Sheet date, the amount shown as distributable surplus may be lower than the amount distributed.

21. Details in respect of the NFO launch date, allotment date and the maturity date of the schemes are given below:

Scheme - Equity NFO Launch Date Allotment Date

JM Equity Fund 01-Feb-95 01-Apr-95

JM Balanced Fund 12-Dec-94 01-Apr-95

JM Emerging Leaders Fund 16-Jun-05 27-Jul-05

JM Mid Cap Fund 01-Jun-04 29-Jun-04

JM Large Cap Fund 01-Jun-04 29-Jun-04

JM Basic Fund 25-Mar-97 02-Jun-97

JM Financial Services Sector Fund 02-Nov-06 07-Dec-06

JM Telecom Sector Fund 02-Nov-06 07-Dec-06

JM HI FI Fund 20-Feb-06 07-Apr-06

JM Small & Mid-cap Fund 09-Mar-07 30-Apr-07

JM Contra Fund 16-Jul-07 07-Sep-07

JM Core 11 Fund - Series 1 14-Jan-08 05-Mar-08

JM Agri & Infra Fund 19-Nov-07 16-Jan-08

JM Tax Gain Fund 24-Dec-07 31-Mar-08

JM Multi Strategy Fund 31-Jul-08 23-Sep-08

JM Nifty Plus Fund 02-Feb-09 02-Feb-09

JM Arbitrage Advantage Fund 01-Jun-06 18-Jul-06

Scheme – Debt / Liquid NFO Launch Date Allotment Date

JM MIP Fund 18-Aug-03 18-Sep-03

JM High Liquidity Fund 31-Dec-97 31-Dec-97

JM Income Fund 12-Dec-94 01-Apr-95

JM Short Term Fund 18-Jun-02 24-Jun-02

JM Floater Fund- Long Term Plan 23-Jun-03 25-Jun-03

JM Floater Fund - Short Term Plan 23-Jun-03 25-Jun-03

JM Money Manager Fund - Regular Plan 25-Sep-06 27-Sep-06

JM Money Manager Fund - Super Plan 25-Sep-06 27-Sep-06

JM Money Manager Fund - Super Plus Plan 25-Sep-06 27-Sep-06

JM G-Sec Fund - Regular Plan 15-Sep-99 29-Sep-99

Scheme – Fixed Maturity Fund NFO Launch Date

Allotment Date

Maturity Date

JM Fixed Maturity Fund Series XVI - Yearly Plan 29-Sep-09 04-Nov-09 15-Nov-10

JM Fixed Maturity Fund Series XVIII -15 Months Plan 1 24-Feb-10 09-Mar-10

JM Interval Fund - Quarterly Plan 1 24-Dec-07 27-Dec-07

JM Interval Fund - Quarterly Plan 2 * 04-Jan-08 08-Jan-08 06-Apr-10

JM Fixed Maturity Fund Series XIII - 18 Months Plan 1 29-Sep-08 24-Oct-08 26-Apr-10

JM Fixed Maturity Fund Series XIX - Plan A 27-Jan-11 07-Feb-11

JM Fixed Maturity Fund Series XIX - Plan B 18-Feb-11 23-Feb-11

JM Fixed Maturity Fund Series XIX - Plan C 09-Mar-11 11-Mar-11

JM Fixed Maturity Fund Series XIX - Plan D 14-Mar-11 25-Mar-11

* scheme/plan wound up during the year.

The Revenue Account is prepared from the date of launch of the scheme/plan.

22. The details of deferred revenue expenditure written off: (Amount : Rs in Lakhs.)

Scheme 2010-2011Deferred

Revenue Expen-diture brought

forward

Less : Adjusted on account of

Redemption of units

Less : Amount written off dur-ing the period

Closing Balance

JM Core-11 Fund series 1 973.20 118.83 854.37 -JM Agri & Infra Fund 805.04 101.39 703.65 -

Scheme 2009-2010

Deferred Revenue Expen-diture brought

forward

Less : Adjusted on account of

Redemption of units

Less : Amount written off dur-ing the period

Closing Balance

JM Core-11 Fund series 1 2,435.43 281.02 1,181.21 973.20

JM Agri & Infra Fund 2,236.75 305.63 1,126.08 805.04

23. Previous year figures have been regrouped wherever necessary.

24. Management Fees - The Scheme pays investment management fees as agreed between the Trustees and AMC, which is within the limits prescribed by SEBI MF Regulations. The Management fees have been computed on the basis of Average Daily Net Assets of the Scheme excluding the Net Asset Value of the AMC’s Investment in the scheme and Deferred Revenue Expenditure, if any.

Scheme 2010-2011 2009-2010

%age of Daily

Average Net Assets

Amount (Rs.in lakhs)

%age of Daily

Average Net Assets


JM Equity Fund 1.25 44.14 1.25 61.76

JM Balanced Fund 1.25 20.13 1.25 29.14

JM Multi Strategy Fund 1.25 39.30 1.25 63.66

JM Contra Fund 1.12 235.64 1.09 312.96

JM Nifty Plus Fund 0.56 7.19 0.55 7.03

JM Small & Mid-cap Fund 1.25 76.49 1.25 95.92

JM Mid Cap Fund 1.25 12.48 1.25 13.08

JM Large Cap Fund 1.25 6.30 1.25 7.47

JM Basic Fund 1.06 417.17 1.04 622.01

JM Emerging Leaders Fund 1.13 220.68 1.11 250.11

48


Scheme 2010-2011 2009-2010

%age of Daily

Average Net Assets


%age of Daily

Average Net Assets


JM Core 11 Fund - Series 1 1.10 220.21 1.03 257.18

JM Telecom Sector Fund 1.25 8.90 1.25 7.10

JM Tax Gain Fund 1.25 74.14 1.25 60.21

JM Agri & Infra Fund 1.18 144.62 1.06 177.68

JM HI FI Fund 1.25 13.43 1.25 16.13

JM Financial Services Sector Fund 1.25 26.55 1.25 35.57

JM High Liquidity Fund 0.08 201.69 0.05 45.18

JM Money Manager Fund - Super Plus Plan

0.15 299.70 0.14 675.88

JM Money Manager Fund - Super Plan

0.20 93.67 0.14 5.88

JM Money Manager Fund - Regular Plan

0.19 25.50 0.18 1.81

JM Floater Fund- Long Term Plan 0.30 1.81 0.32 1.18

JM Floater Fund - Short Term Plan 0.12 0.63 0.10 3.61

JM MIP Fund 1.25 10.37 1.25 11.01

JM Interval Fund - Quarterly Plan 1

0.08 2.53 1.11 2.15

JM Fixed Maturity Fund Series XIX - Plan A

0.20 3.11 - -

JM Fixed Maturity Fund Series XIX - Plan B

0.10 0.47 - -

JM Fixed Maturity Fund Series XIX - Plan C

0.10 0.37 - -

JM Fixed Maturity Fund Series XIX - Plan D

0.40 0.36 - -

JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1

0.37 8.49 0.35 0.46

JM Income Fund 1.25 15.64 1.25 20.48

JM Short Term Fund 0.38 13.22 0.36 16.66

JM G-Sec Fund - Regular Plan 1.20 17.54 1.20 33.40

JM Arbitrage Advantage Fund 0.33 56.08 0.37 204.95

JM Fixed Maturity Fund Series XIII - 18 Months Plan 1

0.10 0.10 0.07 0.94

JM Interval Fund - Quarterly Plan 2

0.01 0.00* 0.01 0.01

JM Fixed Maturity Fund Series XVI - Yearly Plan

0.42 12.14 0.25 4.47

* less than Rs. One Thousand

25. During the year ended on 31st March, 2011, the Schemes have subscribed and allotted, in the following issues of equity / debt lead managed by the the sponsor or its associate companies

Issue Type Equity

Associate: JM Financial Consultant Private Ltd

Issuer Scheme Rs. In Lakhs

Nitesh Estate Ltd. JM Contra Fund 688.17

JM Core 11 Fund - Series 1 688.17

JM Tax Gain Fund 190.34

SJVN Ltd. JM Agri & Infra Fund 200.55


JM Hi Fi Fund 13.37


Standard Chartered PLC IDR JM Contra Fund 436.19


JM Emerging Leaders Fund 63.77

JM Equity Fund 63.77

JM Financial Services Sector Fund 64.56

JM Hi Fi Fund 21.23

JM Multi Strategy Fund 63.77


Claris Lifesciences Ltd JM Core 11 Fund - Series 1 288.54


JM Basic Fund 192.36

JM Mid Cap Fund 67.34

JM Multi Strategy Fund 28.84

26. During the year ended 31st March, 2011, the schemes have made following subscription to issues of debt on private placement basis where the sponsor or its associate companies have acted as arrangers or manager.

Issue Type Equity Associate: JM Financial Consultant Private Ltd Issuer Scheme Rs. In LakhsDewan Housing Finance Corporation Ltd.


JM Tax Gain Fund 250.00Issue Type Equity Associate: JM Financial Institutional Securities

Private Ltd.

Issuer Scheme Rs. In LakhsDhanalakshmi Bank Ltd. JM Emerging Leaders Fund 427.87

49


27. During the year ended 31st March, 2011, the schemes of JM Financial Mutual Fund had invested in the following securities of the Sponsor and the Associate / Group Companies of the Sponsor:

Associate/Group Co./Sponsor Scheme Instrument Purchase (Rs. In Lakhs)

Sale/Redemption (Rs. In Lakhs)

Market Value as on 31-Mar-2011(Rs. In Lakhs)

Ambuja Cements Ltd JM Nifty Plus Fund Equity Shares 0.75 1.16 6.89 Graphite India Ltd. JM Emerging Leaders Fund Equity Shares 52.10 616.89 - Hinduja Ventures Ltd. JM Contra Fund Equity Shares 23.92 684.31 - JM Financial Limited JM Financial Services Sector Fund Equity Shares - 40.63 - JM Financial Limited JM Mid Cap Fund Equity Shares 14.22 20.81 - Mangalore Refinery and Petrochemical Limited JM Arbitrage Advantage Fund Equity Shares 1.90 91.45 - Mcleod Russel India Limited JM Agri & Infra Fund Equity Shares 131.02 100.52 - Mcleod Russel India Limited JM Arbitrage Advantage Fund Equity Shares 73.36 72.02 - Reliance Capital Limited JM Financial Services Sector Fund Equity Shares 213.21 222.39 - Reliance Capital Limited JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 Commercial Paper 193.21 - 193.24 Reliance Capital Limited JM Floater Fund- Long Term Plan Commercial Paper 154.36 155.00 - Reliance Capital Limited JM HI FI Fund Equity Shares 49.68 43.30 - Reliance Capital Limited JM High Liquidity Fund Commercial Paper 75,397.65 70,529.50 5,257.07 Reliance Capital Limited JM Income Fund Commercial Paper 9.99 10.00 - Reliance Capital Limited JM MIP Fund Commercial Paper 109.65 109.98 - Reliance Capital Limited JM Money Manager Fund - Regular Plan Commercial Paper 5,264.88 5,299.60 - Reliance Capital Limited JM Money Manager Fund - Super Plan Commercial Paper 30,914.54 30,998.54 - Reliance Capital Limited JM Money Manager Fund - Super Plus Plan Commercial Paper 17,582.86 27,579.82 - Reliance Capital Limited JM Nifty Plus Fund Equity Shares 0.44 1.10 3.74 Reliance Capital Limited JM Short Term Fund Commercial Paper 2,715.66 2,719.72 - Reliance Capital Limited JM Tax Gain Fund Equity Shares 355.55 353.75 - Supreme Infrastructure India Limited JM Agri & Infra Fund Equity Shares - 153.69 203.46 Supreme Infrastructure India Limited JM HI FI Fund Equity Shares - 20.94 31.79 Supreme Infrastructure India Limited JM Mid Cap Fund Equity Shares 45.15 34.76 -

28. Provision for depreciation on global basis and unrealized appreciation on global basis :

Scheme Provision for depreciation on global basis (Rs. In Lakhs)

Provision for depreciation on global basis (% of Net Assets)

Unrealised appreciation on global basis (Rs. In Lakhs)

Unrealised appreciation on global basis (% of Net Assets)

2010-2011 2009-2010 2010-2011 2009-2010 2010-2011 2009-2010 2010-2011 2009-2010

JM Equity Fund - - - - 378.22 590.21 13.24 13.42

JM Balanced Fund - - - - 76.53 459.74 6.82 23.88

JM Multi Strategy Fund - - - - 173.11 870.55 8.04 20.18

JM Contra Fund - - - - 1,460.96 1,474.79 10.74 5.60

JM Nifty Plus Fund - - - - 303.90 291.89 25.09 22.28

JM Small & Mid-cap Fund - - - - 191.65 504.29 4.77 6.65

JM Mid Cap Fund - - - - 55.04 175.99 7.21 12.90

JM Large Cap Fund - - - - 37.98 84.60 7.55 15.30

JM Basic Fund - - - - 172.05 4,321.20 0.73 7.92

JM Emerging Leaders Fund - - - - 774.64 2,053.50 5.75 8.76

JM Core 11 Fund - Series 1 - - - - 12.70 1,466.57 0.16 6.26

JM Telecom Sector Fund - 41.62 - 5.07 0.51 - 0.14 -

JM Tax Gain Fund - - - - 488.51 514.56 8.52 9.20

JM Agri & Infra Fund 288.03 - 3.35 - - 112.91 - 0.75

JM HI FI Fund - - - - 1.32 39.86 0.16 3.34

JM Financial Services Sector Fund - - - - 104.07 123.25 6.13 5.06

JM High Liquidity Fund - 2.84 - - - - - -

JM Money Manager Fund - Super Plus Plan 52.57 - 0.13 - - 212.45 - 0.09

JM Money Manager Fund - Super Plan - - - - 0.93 - 0.01 -

JM Money Manager Fund - Regular Plan 0.11 - - - - - - -

JM Floater Fund- Long Term Plan - 0.73 - 0.41 - - - -

JM Floater Fund - Short Term Plan - 0.06 - 0.01 - - - -

JM MIP Fund 3.39 - 0.51 - - 7.97 - 0.90

JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 - - - - - 0.11 - 0.01

50


Scheme Provision for depreciation on global basis (Rs. In Lakhs)

Provision for depreciation on global basis (% of Net Assets)

Unrealised appreciation on global basis (Rs. In Lakhs)

Unrealised appreciation on global basis (% of Net Assets)

JM Income Fund 2.90 - 0.25 - - 0.56 - 0.04

JM Short Term Fund 0.09 7.90 - 0.45 - - - -

JM G-Sec Fund - Regular Plan - 0.09 - 0.01 - - - -

JM Arbitrage Advantage Fund 908.14 1,976.25 15.94 4.26 - - - -

JM Fixed Maturity Fund Series XIX - Plan A - - - - 185.08 - 1.67 -

JM Fixed Maturity Fund Series XIX - Plan B - - - - - - - -

JM Fixed Maturity Fund Series XIX - Plan C - - - - 57.31 - 0.83 -

JM Fixed Maturity Fund Series XIX - Plan D - - - - 75.16 - 1.38 -

29. Income and Expenses as percentage of Daily Average Net Assets :

Scheme 2010-2011 2009-2010

Income ^ Expenses $ Daily Average Net Assets

(Rs. In Lakhs)

Income ^ Expenses $ Daily Average Net Assets

(Rs. In Lakhs)

%age of Daily Average Net Assets %age of Daily Average Net Assets

JM Equity Fund 16.22 2.50 3,531.04 19.31 2.50 4,940.50

JM Balanced Fund 35.11 2.50 1,610.62 1.15 2.50 2,330.86

JM Multi Strategy Fund 28.50 2.50 3,143.92 50.61 2.50 5,092.57

JM Contra Fund -1.24 2.37 21,063.83 (15.20) 2.34 28,795.03

JM Nifty Plus Fund 9.54 1.21 1,275.66 22.31 1.20 1,275.30

JM Small & Mid-cap Fund -0.80 2.50 6,119.01 (29.06) 2.50 7,673.47

JM Mid Cap Fund 11.06 2.50 998.20 11.13 2.50 1,046.49

JM Large Cap Fund 23.09 2.50 504.16 5.55 2.50 597.44

JM Basic Fund -9.16 2.29 39,216.08 (1.08) 2.21 59,698.99

JM Emerging Leaders Fund 8.45 2.38 19,567.88 (23.13) 2.36 22,509.84

JM Core 11 Fund - Series 1 2.43 2.32 20,015.73 (3.50) 2.20 24,919.27

JM Telecom Sector Fund -5.31 2.50 711.83 2.69 2.50 568.21

JM Tax Gain Fund 2.67 2.50 5,931.04 12.75 2.50 4,816.96

JM Agri & Infra Fund -4.42 2.40 12,297.56 (34.98) 2.20 16,744.47

JM HI FI Fund 0.91 2.50 1,074.47 13.58 2.50 1,290.54

JM Financial Services Sector Fund 18.85 2.50 2,124.20 11.49 2.50 2,845.20

JM High Liquidity Fund 7.08 0.21 240,145.06 4.41 0.20 94,293.34

JM Money Manager Fund - Super Plus Plan 5.95 0.32 201,077.88 5.10 0.34 483,584.15

JM Money Manager Fund - Super Plan 7.53 0.38 45,842.90 5.94 0.34 4,074.31

JM Money Manager Fund - Regular Plan 7.66 0.36 13,769.11 4.53 0.49 980.47

JM Floater Fund- Long Term Plan 6.85 0.52 597.69 4.87 0.54 373.21

JM Floater Fund - Short Term Plan 6.00 0.25 527.35 4.14 0.25 3,613.57

JM MIP Fund 7.04 2.25 829.63 7.27 2.25 880.62

JM Interval Fund - Quarterly Plan 1 8.29 0.21 3,188.11 6.06 2.05 193.02

JM Fixed Maturity Fund Series XIX - Plan A 0.08 0.30 10,931.23 - - -

JM Fixed Maturity Fund Series XIX - Plan B 1.00 0.25 4,742.87 - - -

JM Fixed Maturity Fund Series XIX - Plan C 0.07 0.20 6,834.60 - - -

JM Fixed Maturity Fund Series XIX - Plan D 0.08 1.00 5,429.61 - - -

JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 7.91 0.45 2,278.35 0.52 0.45 2,190.19

JM Income Fund 6.71 2.25 1,250.91 0.93 2.25 1,638.22

JM Short Term Fund 7.56 0.76 3,516.55 6.44 0.82 4,595.40

JM G-Sec Fund - Regular Plan 6.44 2.25 1,461.83 14.22 2.25 2,782.93

JM Arbitrage Advantage Fund -0.04 1.01 16,925.28 5.67 1.07 55,260.16

JM Fixed Maturity Fund Series XIII - 18 Months Plan 1 0.66 0.53 1,378.78 12.07 0.53 1,318.85

JM Interval Fund - Quarterly Plan 2 0.30 0.30 43.90 6.98 0.24 109.08

JM Fixed Maturity Fund Series XVI - Yearly Plan 4.86 0.61 4,613.71 2.80 0.36 4,442.26

^ Excluding unrealized change in value of investments. $ Annualized. ¥ For the schemes which are wound up during the year / period the winding up expenses charged to the schemes are not included.

51


30. Unit Capital Movement during the period (Face Value of all the Plans is Rs.10.0000):

Scheme 2010-2011 2009-2010Opening/

Initial Sub-scription

Units issued during the

year

Units repurchased during the

year

Closing units at the end of

the year

Opening/Initial Sub-

scription


year


year


the year

JM Equity Fund - Dividend Units (in Lakhs) 154.97 8.00 84.15 78.82 231.10 28.09 104.22 154.97 Amount (Rs.in Lakhs) 1,549.67 80.00 841.46 788.21 2,311.03 280.91 1,042.27 1,549.67

JM Equity Fund - Growth Units (in Lakhs) 62.47 4.49 21.68 45.28 75.40 18.73 31.66 62.47 Amount (Rs.in Lakhs) 624.73 44.90 216.84 452.79 753.98 187.28 316.53 624.73

JM Balanced Fund - Dividend Units (in Lakhs) 71.36 0.75 31.80 40.31 106.65 1.46 36.75 71.36 Amount (Rs.in Lakhs) 713.64 7.50 318.00 403.14 1,066.48 14.63 367.47 713.64

JM Balanced Fund - Growth Units (in Lakhs) 38.69 1.24 19.80 20.13 52.62 2.48 16.41 38.69 Amount (Rs.in Lakhs) 386.90 12.40 198.03 201.27 526.23 24.77 164.10 386.90

JM Multi Strategy Fund - Dividend Units (in Lakhs) 98.38 22.24 75.52 45.10 202.58 72.27 176.47 98.38 Amount (Rs.in Lakhs) 983.76 222.40 755.14 451.02 2,025.77 722.73 1,764.74 983.76

JM Multi Strategy Fund - Growth Units (in Lakhs) 208.43 46.91 144.67 110.67 422.97 173.16 387.70 208.43 Amount (Rs.in Lakhs) 2,084.27 469.10 1,446.64 1,106.73 4,229.73 1,731.64 3,877.10 2,084.27

JM Contra Fund - Dividend Units (in Lakhs) 1,959.63 12.15 935.48 1,036.30 2,885.54 133.29 1,059.20 1,959.63 Amount (Rs.in Lakhs) 19,596.33 121.50 9,354.85 10,362.98 28,855.36 1,332.86 10,591.89 19,596.33

JM Contra Fund - Growth Units (in Lakhs) 2,744.81 65.78 1,191.89 1,618.70 3,962.91 201.15 1,419.25 2,744.81 Amount (Rs.in Lakhs) 27,448.05 657.80 11,918.82 16,187.03 39,629.07 2,011.54 14,192.56 27,448.05

JM Nifty Plus Fund - Dividend Plan Units (in Lakhs) 48.02 14.48 25.55 36.95 42.93 12.79 7.70 48.02 Amount (Rs.in Lakhs) 480.21 144.80 255.52 369.49 429.28 127.89 76.96 480.21

JM Nifty Plus Fund - Growth Plan Units (in Lakhs) 34.73 7.04 10.01 31.76 46.82 18.99 31.08 34.73 Amount (Rs.in Lakhs) 347.26 70.40 100.08 317.58 468.18 189.94 310.86 347.26

JM Small & Mid Cap Fund - Regular Dividend Units (in Lakhs) 535.95 10.99 210.62 336.32 693.15 98.72 255.92 535.95 Amount (Rs.in Lakhs) 5,359.54 109.90 2,106.29 3,363.15 6,931.46 987.18 2,559.10 5,359.54

JM Small & Mid Cap Fund - Regular Growth Units (in Lakhs) 793.42 112.41 412.60 493.23 875.61 162.64 244.83 793.42 Amount (Rs.in Lakhs) 7,934.21 1,124.10 4,126.02 4,932.29 8,756.13 1,626.42 2,448.34 7,934.21

JM Mid Cap Fund - Dividend Units (in Lakhs) 39.02 10.74 23.13 26.63 33.09 25.30 19.37 39.02 Amount (Rs.in Lakhs) 390.15 107.40 231.27 266.28 330.87 252.96 193.68 390.15

JM Mid Cap Fund - Growth Units (in Lakhs) 27.59 7.01 20.01 14.59 12.46 35.42 20.29 27.59 Amount (Rs.in Lakhs) 275.95 70.10 200.17 145.88 124.62 354.16 202.83 275.95

JM Large Cap Fund - Dividend Units (in Lakhs) 30.40 2.45 9.87 22.98 34.13 2.07 5.80 30.40 Amount (Rs.in Lakhs) 304.04 24.50 98.75 229.79 341.34 20.66 57.96 304.04

JM Large Cap Fund - Growth Units (in Lakhs) 9.62 5.26 5.78 9.10 11.91 4.80 7.09 9.62 Amount (Rs.in Lakhs) 96.24 52.60 57.88 90.96 119.11 47.97 70.84 96.24

JM Basic Fund - Dividend Units (in Lakhs) 1,975.37 53.15 850.41 1,178.11 2,535.22 378.39 938.24 1,975.37 Amount (Rs.in Lakhs) 19,753.69 531.50 8,504.10 11,781.09 25,352.24 3,783.87 9,382.42 19,753.69

JM Basic Fund - Growth Units (in Lakhs) 1,621.13 148.07 861.23 907.97 2,034.90 606.25 1,020.02 1,621.13 Amount (Rs.in Lakhs) 16,211.29 1,480.70 8,612.33 9,079.66 20,348.99 6,062.52 10,200.22 16,211.29

JM Emerging Leaders Fund - Dividend Units (in Lakhs) 1,419.47 45.55 572.43 892.59 1,835.60 206.46 622.59 1,419.47 Amount (Rs.in Lakhs) 14,194.68 455.50 5,724.28 8,925.90 18,355.97 2,064.65 6,225.94 14,194.68

JM Emerging Leaders Fund - Growth Units (in Lakhs) 1,565.03 232.50 826.57 970.96 1,779.27 743.24 957.48 1,565.03 Amount (Rs.in Lakhs) 15,650.30 2,325.00 8,265.68 9,709.62 17,792.67 7,432.40 9,574.77 15,650.30

JM Core 11 Fund - Series 1 - Dividend Units (in Lakhs) 2,230.83 1.17 1,529.17 702.83 2,627.21 2.50 398.88 2,230.83 Amount (Rs.in Lakhs) 22,308.30 11.70 15,291.68 7,028.32 26,272.11 25.00 3,988.81 22,308.30

JM Core 11 Fund - Series 1 - Growth Units (in Lakhs) 3,028.60 4.50 1,695.31 1,337.79 3,700.28 - 671.68 3,028.60 Amount (Rs.in Lakhs) 30,286.01 45.00 16,953.13 13,377.88 37,002.83 - 6,716.82 30,286.01

JM Telecom Sector Fund - Dividend Units (in Lakhs) 69.72 73.00 124.61 18.11 28.58 67.64 26.50 69.72 Amount (Rs.in Lakhs) 697.24 730.00 1,246.15 181.09 285.83 676.36 264.95 697.24

JM Telecom Sector Fund - Growth Units (in Lakhs) 33.85 18.29 20.54 31.60 31.09 18.98 16.22 33.85 Amount (Rs.in Lakhs) 338.47 182.90 205.36 316.01 310.91 189.76 162.20 338.47

JM Tax Gain Fund - Dividend Units (in Lakhs) 266.85 5.78 0.03 272.60 247.48 19.37 - 266.85 Amount (Rs.in Lakhs) 2,668.53 57.80 0.29 2,726.04 2,474.80 193.73 - 2,668.53

JM Tax Gain Fund - Growth Units (in Lakhs) 524.12 15.86 0.01 539.97 488.12 36.00 - 524.12

52


Scheme 2010-2011 2009-2010Opening/



year


year


the year


scription


year


year


the year

Amount (Rs.in Lakhs) 5,241.17 158.60 0.12 5,399.65 4,881.25 359.92 - 5,241.17 JM Agri & Infra Fund - Dividend Units (in Lakhs) 1,794.64 11.93 762.72 1,043.85 2,265.73 - 471.09 1,794.64

Amount (Rs.in Lakhs) 17,946.35 119.30 7,627.12 10,438.53 22,657.35 - 4,711.00 17,946.35 JM Agri & Infra Fund - Growth Units (in Lakhs) 3,279.31 57.27 888.46 2,448.12 3,975.11 - 695.80 3,279.31

Amount (Rs.in Lakhs) 32,793.11 572.70 8,884.66 24,481.15 39,751.12 - 6,958.01 32,793.11 JM Hi Fi Fund - Dividend Units (in Lakhs) 105.86 52.52 77.15 81.23 132.23 16.12 42.49 105.86

Amount (Rs.in Lakhs) 1,058.62 525.20 771.50 812.32 1,322.27 161.17 424.82 1,058.62 JM Hi Fi Fund - Growth Units (in Lakhs) 112.27 18.05 48.14 82.18 137.29 37.02 62.04 112.27

Amount (Rs.in Lakhs) 1,122.67 180.50 481.37 821.80 1,372.95 370.19 620.47 1,122.67 JM Financial Services Sector Fund - Dividend Units (in Lakhs) 81.15 20.56 57.12 44.59 140.94 23.15 82.94 81.15

Amount (Rs.in Lakhs) 811.51 205.60 571.21 445.90 1,409.38 231.54 829.41 811.51 JM Financial Services Sector Fund - Growth Units (in Lakhs) 191.30 49.74 117.54 123.50 301.34 29.68 139.72 191.30

Amount (Rs.in Lakhs) 1,913.05 497.40 1,175.42 1,235.03 3,013.42 296.77 1,397.14 1,913.05 JM High Liquidity Fund - Growth Units (in Lakhs) 69.85 675.62 634.61 110.86 112.83 542.93 585.91 69.85

Amount (Rs.in Lakhs) 698.54 6,756.20 6,346.14 1,108.60 1,128.34 5,429.29 5,859.09 698.54 JM High Liquidity Fund - Growth - Bonus Units (in Lakhs) 2.85 1.35 0.94 3.26 2.80 0.15 0.10 2.85

Amount (Rs.in Lakhs) 28.49 13.50 9.39 32.60 28.01 1.54 1.06 28.49 JM High Liquidity Fund - Daily Dividend Units (in Lakhs) 462.97 5,243.75 5,460.84 245.88 276.37 5,250.86 5,064.26 462.97

Amount (Rs.in Lakhs) 4,629.67 52,437.50 54,608.37 2,458.80 2,763.74 52,508.61 50,642.68 4,629.67 JM High Liquidity Fund - Weekly Dividend Units (in Lakhs) 57.44 408.28 389.75 75.97 45.03 303.21 290.80 57.44

Amount (Rs.in Lakhs) 574.38 4,082.80 3,897.52 759.66 450.33 3,032.12 2,908.07 574.38 JM High Liquidity Fund - Dividend - Quar-terly Dividend

Units (in Lakhs) 1.24 5.84 5.40 1.68 1.38 3.34 3.48 1.24

Amount (Rs.in Lakhs) 12.43 58.40 54.01 16.82 13.84 33.42 34.83 12.43 JM High Liquidity Fund - Institutional - Dividend

Units (in Lakhs) 13.42 197.33 157.02 53.73 46.32 179.59 212.49 13.42

Amount (Rs.in Lakhs) 134.20 1,973.30 1,570.23 537.27 463.16 1,795.93 2,124.89 134.20 JM High Liquidity Fund - Institutional - Daily Dividend

Units (in Lakhs) 14.00 9,779.86 9,652.92 140.94 30.60 33,810.86 33,827.46 14.00

Amount (Rs.in Lakhs) 139.99 97,798.60 96,529.24 1,409.35 306.00 338,108.60 338,274.61 139.99 JM High Liquidity Fund - Institutional - Growth

Units (in Lakhs) 53.94 6,118.85 6,075.54 97.25 7.81 2,205.86 2,159.73 53.94

Amount (Rs.in Lakhs) 539.42 61,188.50 60,755.37 972.55 78.11 22,058.55 21,597.24 539.42 JM High Liquidity Fund - Super Institutional - Daily Dividend

Units (in Lakhs) 3,218.52 379,069.49 381,788.58 499.43 606.15 216,726.55 214,114.18 3,218.52

Amount (Rs.in Lakhs) 32,185.18 3,790,694.90 3,817,885.78 4,994.30 6,061.52 2,167,265.53 2,141,141.87 32,185.18 JM High Liquidity Fund - Super Institutional - Weekly Dividend

Units (in Lakhs) - 1,269.12 1,269.12 - - - - -

Amount (Rs.in Lakhs) - 12,691.20 12,691.20 - - - - - JM High Liquidity Fund - Super Institutional - Growth

Units (in Lakhs) 6,103.46 602,266.59 605,812.86 2,557.19 661.14 337,776.01 332,333.69 6,103.46

Amount (Rs.in Lakhs) 61,034.62 6,022,665.90 6,058,128.65 25,571.87 6,611.39 3,377,760.13 3,323,336.90 61,034.62 JM Money Manager Fund Super Plus - Daily Dividend

Units (in Lakhs) 13,104.39 85,540.85 95,033.65 3,611.59 5,302.46 124,210.86 116,408.93 13,104.39

Amount (Rs.in Lakhs) 131,043.86 855,408.50 950,336.47 36,115.89 53,024.58 1,242,108.57 1,164,089.29 131,043.86 JM Money Manager Fund Super Plus - Growth

Units (in Lakhs) 7,517.48 66,473.54 73,688.74 302.28 3,983.48 246,220.70 242,686.70 7,517.48

Amount (Rs.in Lakhs) 75,174.82 664,735.40 736,887.40 3,022.82 39,834.77 2,462,207.03 2,426,866.98 75,174.82 JM Money Manager Fund - Super Plus - Weekly Dividend

Units (in Lakhs) 1,632.95 1,889.84 3,485.64 37.15 477.97 4,326.58 3,171.60 1,632.95

Amount (Rs.in Lakhs) 16,329.53 18,898.40 34,856.47 371.46 4,779.68 43,265.84 31,715.99 16,329.53 JM Money Manager Fund - Super Plus - Fortnightly Dividend

Units (in Lakhs) 5.73 2.48 7.97 0.24 41.15 285.51 320.93 5.73

Amount (Rs.in Lakhs) 57.26 24.80 79.66 2.40 411.55 2,855.06 3,209.35 57.26

53


Scheme 2010-2011 2009-2010Opening/



year


year


the year


scription


year


year


the year

JM Money Manager Fund Super - Daily Dividend

Units (in Lakhs) 512.98 12,050.64 11,759.21 804.41 67.40 654.76 209.18 512.98

Amount (Rs.in Lakhs) 5,129.80 120,506.40 117,592.13 8,044.07 674.04 6,547.59 2,091.83 5,129.80 JM Money Manager Fund Super - Growth Units (in Lakhs) 570.49 2,870.50 3,064.50 376.49 35.38 667.68 132.57 570.49

Amount (Rs.in Lakhs) 5,704.89 28,705.00 30,644.98 3,764.91 353.78 6,676.78 1,325.67 5,704.89 JM Money Manager Fund - Super - Weekly Dividend

Units (in Lakhs) 126.33 1,494.38 1,431.39 189.32 7.28 148.14 29.09 126.33

Amount (Rs.in Lakhs) 1,263.33 14,943.80 14,313.90 1,893.23 72.83 1,481.40 290.90 1,263.33 JM Money Manager Fund - Super - Fort-nightly Dividend

Units (in Lakhs) 22.33 70.76 82.96 10.13 0.99 74.43 53.09 22.33

Amount (Rs.in Lakhs) 223.27 707.60 829.54 101.33 9.85 744.35 530.93 223.27 JM Money Manager Fund Regular - Daily Dividend

Units (in Lakhs) 361.33 6,749.44 6,268.18 842.59 10.69 472.34 121.70 361.33

Amount (Rs.in Lakhs) 3,613.28 67,494.40 62,681.75 8,425.93 106.94 4,723.36 1,217.02 3,613.28 JM Money Manager Fund Regular - Growth Units (in Lakhs) 660.35 1,955.38 2,320.48 295.25 37.35 954.71 331.71 660.35

Amount (Rs.in Lakhs) 6,603.48 19,553.80 23,204.82 2,952.46 373.46 9,547.08 3,317.06 6,603.48 JM Money Manager Fund - Regular - Weekly Dividend

Units (in Lakhs) 4.31 63.92 22.05 46.18 9.71 33.44 38.84 4.31

Amount (Rs.in Lakhs) 43.12 639.20 220.54 461.78 97.05 334.40 388.33 43.12 JM Money Manager Fund - Regular - Fort-nightly Dividend

Units (in Lakhs) 1.74 16.31 13.06 4.99 0.05 1.86 0.17 1.74

Amount (Rs.in Lakhs) 17.43 163.10 130.62 49.91 0.48 18.55 1.60 17.43 JM Floater Fund- Long Term Plan - Regular - Dividend

Units (in Lakhs) 0.53 0.15 0.12 0.56 1.82 0.05 1.34 0.53

Amount (Rs.in Lakhs) 5.34 1.50 1.24 5.60 18.19 0.46 13.31 5.34 JM Floater Fund- Long Term Plan - Regular - Growth

Units (in Lakhs) 4.33 5.71 6.87 3.17 8.70 3.03 7.40 4.33

Amount (Rs.in Lakhs) 43.32 57.10 68.70 31.72 86.99 30.28 73.95 43.32 JM Floater Fund- Long Term Plan - Regular -Daily Dividend

Units (in Lakhs) 0.68 0.10 0.22 0.56 3.27 0.17 2.76 0.68

Amount (Rs.in Lakhs) 6.81 1.00 2.19 5.62 32.65 1.73 27.57 6.81 JM Floater Fund- Long Term Plan - Regular -Weekly Dividend

Units (in Lakhs) 3.03 0.19 2.85 0.37 4.06 2.64 3.67 3.03

Amount (Rs.in Lakhs) 30.32 1.90 28.54 3.68 40.56 26.41 36.65 30.32 JM Floater Fund- Long Term Plan - Premium - Dividend

Units (in Lakhs) 3.19 8.79 11.78 0.20 10.55 6.94 14.30 3.19

Amount (Rs.in Lakhs) 31.95 87.90 117.87 1.98 105.54 69.42 143.01 31.95 JM Floater Fund- Long Term Plan - Premium - Growth

Units (in Lakhs) 0.69 434.27 378.78 56.18 6.18 11.95 17.44 0.69

Amount (Rs.in Lakhs) 6.88 4,342.70 3,787.80 561.78 61.76 119.47 174.35 6.88 JM Floater Fund- Long Term Plan - Premium -Daily Dividend

Units (in Lakhs) 1.06 100.00 100.37 0.69 12.98 2.37 14.29 1.06

Amount (Rs.in Lakhs) 10.63 1,000.00 1,003.71 6.92 129.81 23.66 142.84 10.63 JM Floater Fund- Long Term Plan - Premium -Weekly Dividend

Units (in Lakhs) 1.60 0.19 1.40 0.39 2.85 3.26 4.51 1.60

Amount (Rs.in Lakhs) 15.95 1.90 13.97 3.88 28.52 32.64 45.21 15.95 JM Floater Fund - Short Term - Daily Dividend

Units (in Lakhs) 15.33 21.24 29.31 7.26 2,187.78 32.36 2,204.81 15.33

Amount (Rs.in Lakhs) 153.29 212.40 293.09 72.60 21,877.75 323.61 22,048.07 153.29 JM Floater Fund - Short Term - Growth Units (in Lakhs) 38.34 789.33 817.15 10.52 711.80 549.86 1,223.32 38.34

Amount (Rs.in Lakhs) 383.39 7,893.30 8,171.52 105.17 7,118.00 5,498.58 12,233.19 383.39 JM MIP Fund - Growth - Growth Units (in Lakhs) 33.39 33.07 40.79 25.67 34.85 51.13 52.59 33.39

Amount (Rs.in Lakhs) 333.86 330.70 407.83 256.73 348.53 511.28 525.95 333.86 JM MIP Fund - Dividend - Monthly Dividend Units (in Lakhs) 18.47 4.50 13.56 9.41 17.47 5.46 4.46 18.47

Amount (Rs.in Lakhs) 184.73 45.00 135.66 94.07 174.69 54.57 44.53 184.73

54


Scheme 2010-2011 2009-2010Opening/



year


year


the year


scription


year


year


the year

JM MIP Fund - Dividend -Quarterly Dividend Units (in Lakhs) 15.62 3.24 5.70 13.16 17.53 3.49 5.40 15.62 Amount (Rs.in Lakhs) 156.21 32.40 57.06 131.55 175.34 34.86 53.99 156.21

JM MIP Fund - Dividend - Annual Dividend Units (in Lakhs) 2.19 - 0.33 1.86 2.53 - 0.34 2.19 Amount (Rs.in Lakhs) 21.94 - 3.36 18.58 25.26 - 3.32 21.94

JM Interval Fund - Quarterly 1 - Regular Dividend

Units (in Lakhs) 0.98 5.89 4.68 2.19 1.94 0.08 1.04 0.98

Amount (Rs.in Lakhs) 9.84 58.90 46.80 21.94 19.38 0.83 10.37 9.84 JM Interval Fund - Quarterly 1 - Regular Growth

Units (in Lakhs) 0.20 18.69 17.43 1.46 1.22 0.08 1.10 0.20

Amount (Rs.in Lakhs) 2.00 186.90 174.35 14.55 12.19 0.80 10.99 2.00 JM Interval Fund - Quarterly 1 - Institutional Dividend

Units (in Lakhs) - 517.51 361.99 155.52 29.33 0.26 29.59 -

Amount (Rs.in Lakhs) - 5,175.10 3,619.89 1,555.21 293.30 2.59 295.89 - JM Interval Fund - Quarterly 1 - Institutional Growth

Units (in Lakhs) 0.34 289.31 195.46 94.19 30.19 - 29.85 0.34

Amount (Rs.in Lakhs) 3.38 2,893.10 1,954.57 941.91 301.87 - 298.49 3.38 JM Fixed Maturity Fund Series XIX - Plan A - Regular Dividend

Units (in Lakhs) - 29.32 - 29.32

Amount (Rs.in Lakhs) - 293.17 - 293.17 JM Fixed Maturity Fund Series XIX - Plan A - Regular Growth

Units (in Lakhs) - 1,056.90 - 1,056.90

Amount (Rs.in Lakhs) - 10,569.03 - 10,569.03 JM Fixed Maturity Fund Series XIX - Plan B - Regular Dividend

Units (in Lakhs) - 373.14 - 373.14

Amount (Rs.in Lakhs) - 3,731.42 - 3,731.42 JM Fixed Maturity Fund Series XIX - Plan B - Regular Growth

Units (in Lakhs) - 98.92 - 98.92

Amount (Rs.in Lakhs) - 989.20 - 989.20 JM Fixed Maturity Fund Series XIX - Plan C - Regular Dividend

Units (in Lakhs) - 50.18 - 50.18

Amount (Rs.in Lakhs) - 501.85 - 501.85 JM Fixed Maturity Fund Series XIX - Plan C - Regular Growth

Units (in Lakhs) - 631.95 - 631.95

Amount (Rs.in Lakhs) - 6,319.54 - 6,319.54 JM Fixed Maturity Fund Series XIX - Plan D - Regular Dividend

Units (in Lakhs) - 4.03 - 4.03

Amount (Rs.in Lakhs) - 40.25 - 40.25 JM Fixed Maturity Fund Series XIX - Plan D - Regular Growth

Units (in Lakhs) - 534.47 - 534.47

Amount (Rs.in Lakhs) - 5,344.71 - 5,344.71 JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 - Regular Dividend

Units (in Lakhs) 0.07 - - 0.07 - 0.07 - 0.07

Amount (Rs.in Lakhs) 0.68 - - 0.68 - 0.68 - 0.68 JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 - Regular Growth

Units (in Lakhs) 218.36 - - 218.36 - 218.36 - 218.36

Amount (Rs.in Lakhs) 2,183.56 - - 2,183.56 - 2,183.56 - 2,183.56 JM Income Fund - Dividend - Dividend Units (in Lakhs) 34.63 0.15 5.32 29.46 73.96 0.62 39.95 34.63

Amount (Rs.in Lakhs) 346.27 1.50 53.16 294.61 739.59 6.20 399.52 346.27 JM Income Fund - Growth - Growth Units (in Lakhs) 26.63 0.58 7.98 19.23 36.81 2.87 13.05 26.63

Amount (Rs.in Lakhs) 266.35 5.80 79.89 192.26 368.07 28.73 130.45 266.35 JM Income Fund Growth - Bonus Units (in Lakhs) 25.33 - 0.82 24.51 27.87 - 2.54 25.33

Amount (Rs.in Lakhs) 253.34 - 8.21 245.13 278.74 - 25.40 253.34 JM Short Term Fund - Dividend Units (in Lakhs) 31.99 161.33 49.22 144.10 46.57 57.11 71.69 31.99

Amount (Rs.in Lakhs) 319.85 1,613.30 492.13 1,441.02 465.70 571.10 716.95 319.85 JM Short Term Fund - Growth Units (in Lakhs) 38.27 41.66 60.25 19.68 67.34 91.21 120.28 38.27

55


Scheme 2010-2011 2009-2010Opening/



year


year


the year


scription


year


year


the year

Amount (Rs.in Lakhs) 382.65 416.60 602.42 196.83 673.38 912.07 1,202.80 382.65 JM Short Term Fund - Institutional - Dividend

Units (in Lakhs) 39.06 1,324.84 359.66 1,004.24 115.73 283.98 360.65 39.06

Amount (Rs.in Lakhs) 390.59 13,248.40 3,596.59 10,042.40 1,157.29 2,839.82 3,606.52 390.59 JM Short Term Fund - Institutional - Growth Units (in Lakhs) 23.40 1,104.20 178.71 948.89 41.54 431.95 450.09 23.40

Amount (Rs.in Lakhs) 234.03 11,042.00 1,787.09 9,488.94 415.43 4,319.51 4,500.91 234.03 JM Short Term Fund - Regular - Daily Dividend

Units (in Lakhs) - 0.09 - 0.09

Amount (Rs.in Lakhs) - 0.90 - 0.90 JM G-Sec Fund - Regular - Dividend Units (in Lakhs) 7.95 63.47 65.47 5.95 217.49 27.68 237.22 7.95

Amount (Rs.in Lakhs) 79.51 634.70 654.70 59.51 2,174.93 276.77 2,372.19 79.51 JM G-Sec Fund - Regular - Growth Units (in Lakhs) 23.19 222.56 228.71 17.04 89.77 107.80 174.38 23.19

Amount (Rs.in Lakhs) 231.94 2,225.60 2,287.13 170.41 897.66 1,078.03 1,743.75 231.94 JM G-Sec Regular Growth - Bonus Units (in Lakhs) 13.24 - 0.14 13.10 13.64 - 0.40 13.24

Amount (Rs.in Lakhs) 132.41 - 1.39 131.02 136.45 - 4.04 132.41 JM - Arbitrage Advantage Fund - Dividend Units (in Lakhs) 2,955.20 29.96 2,631.19 353.97 1,751.64 3,855.11 2,651.55 2,955.20

Amount (Rs.in Lakhs) 29,552.03 299.60 26,311.89 3,539.74 17,516.42 38,551.10 26,515.49 29,552.03 JM - Arbitrage Advantage Fund - Growth Units (in Lakhs) 1,278.50 1.51 1,129.14 150.87 911.58 1,278.62 911.70 1,278.50

Amount (Rs.in Lakhs) 12,785.01 15.10 11,291.42 1,508.69 9,115.76 12,786.18 9,116.93 12,785.01 JM Interval Fund - Quarterly 2 - Regular Dividend

Units (in Lakhs) 1.77 - 1.77 - 4.15 0.05 2.43 1.77

Amount (Rs.in Lakhs) 17.71 - 17.71 - 41.51 0.52 24.32 17.71 JM Interval Fund - Quarterly 2 - Regular Growth

Units (in Lakhs) 0.50 - 0.50 - 2.12 0.05 1.67 0.50

Amount (Rs.in Lakhs) 5.01 - 5.01 - 21.17 0.49 16.65 5.01 JM Interval Fund - Quarterly 2 - Institutional Dividend

Units (in Lakhs) 2.05 - 2.05 - 43.22 0.13 41.30 2.05

Amount (Rs.in Lakhs) 20.50 - 20.50 - 432.21 1.27 412.98 20.50 JM Interval Fund - Quarterly 2 - Institutional Growth

Units (in Lakhs) - - - - 5.13 - 5.13 -

Amount (Rs.in Lakhs) - - - - 51.29 - 51.29 - JM Fixed Maturity Fund-Series XIII- 18 - Months - 1 - Regular Dividend

Units (in Lakhs) 1.50 0.03 1.53 - 1.45 0.05 - 1.50

Amount (Rs.in Lakhs) 14.95 0.30 15.25 - 14.50 0.46 0.01 14.95 JM Fixed Maturity Fund-Series XIII - 18 - Months -1 - Regular Growth

Units (in Lakhs) 40.22 - 40.22 - 40.27 - 0.05 40.22

Amount (Rs.in Lakhs) 402.16 - 402.16 - 402.66 - 0.50 402.16 JM Fixed Maturity Fund-Series XIII - 18 -1 - Months - Institutional Dividend

Units (in Lakhs) 2.00 - 2.00 - 2.00 - - 2.00

Amount (Rs.in Lakhs) 20.00 - 20.00 - 20.00 - - 20.00 JM Fixed Maturity Fund-Series XIII - 18 - 1 - Months - Institutional Growth

Units (in Lakhs) 75.25 - 75.25 - 75.25 - - 75.25

Amount (Rs.in Lakhs) 752.50 - 752.50 - 752.50 - - 752.50 JM Fixed Maturity Fund Series XVI - Yearly Regular Dividend

Units (in Lakhs) 5.82 - 5.82 - - 5.82 - 5.82

Amount (Rs.in Lakhs) 58.23 - 58.23 - - 58.23 - 58.23 JM Fixed Maturity Fund Series XVI - Yearly Regular Growth

Units (in Lakhs) 4.35 - 4.35 - - 4.35 - 4.35

Amount (Rs.in Lakhs) 43.47 - 43.47 - - 43.47 - 43.47 JM Fixed Maturity Fund Series XVI - Yearly Institutional Dividend

Units (in Lakhs) 1.78 0.06 1.84 - - 1.78 - 1.78

Amount (Rs.in Lakhs) 17.83 0.64 18.47 - - 17.83 - 17.83 JM Fixed Maturity Fund Series XVI - Yearly Institutional Growth

Units (in Lakhs) 426.80 - 426.80 - - 426.80 - 426.80

Amount (Rs.in Lakhs) 4,268.01 - 4,268.01 - - 4,268.01 - 4,268.01

56


31. Purchase and sale of securities as a % Average Daily Net Assets :

Scheme 2010-2011Average Daily Net Assets

(Rs. In Lakhs)Purchase Value

(Rs. In Lakhs)Purchase % Sale Value

(Rs. In Lakhs)Sale %

JM Equity Fund 3,531.04 3,508.11 99.35 5,139.97 145.57JM Balanced Fund 1,610.62 1,271.49 78.94 2,212.49 137.37JM Multi Strategy Fund 3,143.92 3,868.07 123.03 6,003.13 190.94JM Contra Fund 21,063.83 22,911.21 108.77 35,184.59 167.04JM Nifty Plus Fund 1,275.66 207.23 16.24 391.35 30.68JM Small & Mid-cap Fund 6,119.01 5,443.77 88.96 8,519.60 139.23JM Mid Cap Fund 998.20 1,093.39 109.54 1,607.96 161.09JM Large Cap Fund 504.16 788.55 156.41 888.89 176.31JM Basic Fund 39,216.08 36,227.69 92.38 59,358.90 151.36JM Emerging Leaders Fund 19,567.88 16,122.88 82.39 27,408.56 140.07JM Core 11 Fund - Series 1 20,015.73 19,277.57 96.31 33,736.72 168.55JM Telecom Sector Fund 711.83 924.41 129.86 1,499.31 210.63JM Tax Gain Fund 5,931.04 10,269.02 173.14 10,913.82 184.01JM Agri & Infra Fund 12,297.56 23,360.00 189.96 27,519.19 223.78JM HI FI Fund 1,074.47 2,800.77 260.67 3,137.22 291.98JM Financial Services Sector Fund 2,124.20 5,252.53 247.27 6,965.66 327.92JM High Liquidity Fund 240,145.06 4,415,427.44 1,838.65 4,517,920.23 1,881.33JM Money Manager Fund - Super Plus Plan 201,077.88 2,327,693.76 1,157.61 2,527,586.07 1,257.02JM Money Manager Fund - Super Plan 45,842.90 587,439.12 1,281.42 589,109.99 1,285.06JM Money Manager Fund - Regular Plan 13,769.11 199,466.01 1,448.65 199,595.99 1,449.59JM Floater Fund- Long Term Plan 597.69 4,652.47 778.41 4,610.01 771.30JM Floater Fund - Short Term Plan 527.35 12,184.58 2,310.53 12,574.27 2,384.43JM MIP Fund 829.63 967.27 116.59 1,189.69 143.40JM Interval Fund - Quarterly Plan 1 3,188.11 19,271.56 604.48 16,783.08 526.43JM Fixed Maturity Fund Series XIX - Plan A 10,931.23 10,853.49 99.29 - -JM Fixed Maturity Fund Series XIX - Plan B 4,742.87 5,686.65 119.90 1,001.09 21.11JM Fixed Maturity Fund Series XIX - Plan C 6,834.60 8,317.75 121.70 1,500.00 21.95JM Fixed Maturity Fund Series XIX - Plan D 5,429.61 5,126.05 94.41 - -JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 2,278.35 6,276.45 275.48 6,257.91 274.67JM Income Fund 1,250.91 76,642.86 6,126.97 77,228.40 6,173.78JM Short Term Fund 3,516.55 83,556.28 2,376.09 59,604.20 1,694.96JM G-sec Fund - Regular Plan 1,461.83 419,531.39 28,699.05 419,899.20 28,724.22JM Arbitrage Advantage Fund 16,925.28 50,285.65 297.10 88,179.22 520.99JM Fixed Maturity Fund Series XIII - 18 Months Plan 1 1,378.78 399.71 28.99 1,330.45 96.49JM Interval Fund - Quarterly Plan 2 - - - - -JM Fixed Maturity Fund Series XVI - Yearly Plan 4,613.71 713.35 15.46 5,375.00 116.50





JM Equity Fund 4,940.50 6,588.38 133.35 8,437.24 170.78JM Balanced Fund 2,330.86 791.12 33.94 1,740.20 74.66JM Multi Strategy Fund 5,092.57 6,648.10 130.55 11,275.77 221.42JM Contra Fund 28,795.03 56,842.50 197.40 71,722.60 249.08JM Nifty Plus Fund 1,275.30 1,059.70 83.09 1,170.33 91.77JM Small & Mid-cap Fund 7,673.47 3,946.81 51.43 4,914.25 64.04JM Mid Cap Fund 1,046.49 1,395.34 133.34 1,177.34 112.50JM Large Cap Fund 597.44 1,027.23 171.94 1,205.39 201.76JM Basic Fund 59,698.99 75,118.65 125.83 89,516.95 149.95JM Emerging Leaders Fund 22,509.84 31,872.62 141.59 36,874.21 163.81JM Core 11 Fund - Series 1 24,919.27 16,992.71 68.19 19,957.25 80.09JM Telecom Sector Fund 568.21 639.95 112.63 328.24 57.77JM Tax Gain Fund 4,816.96 16,973.33 352.37 17,208.01 357.24

57






JM Agri & Infra Fund 16,744.47 49,895.80 297.98 54,447.85 325.17JM HI FI Fund 1,290.54 5,019.13 388.92 5,335.06 413.40JM Financial Services Sector Fund 2,845.20 8,213.89 288.69 9,637.11 338.71JM High Liquidity Fund 94,293.34 2,744,444.29 2,910.54 2,619,294.63 2,777.82JM Money Manager Fund - Super Plus Plan 483,584.15 6,336,373.29 1,310.29 6,207,902.05 1,283.73JM Money Manager Fund - Super Plan 4,074.31 36,064.78 885.18 23,257.10 570.82JM Money Manager Fund - Regular Plan 980.47 16,661.93 1,699.38 4,990.94 509.04JM Floater Fund- Long Term Plan 373.21 602.00 161.30 684.76 183.48JM Floater Fund - Short Term Plan 3,613.57 34,992.44 968.36 65,447.57 1,811.16JM MIP Fund 880.62 1,479.89 168.05 1,212.65 137.70JM Interval Fund - Quarterly Plan 1 193.02 34.69 17.97 525.83 272.42JM Fixed Maturity Fund Series XIX - Plan A - - - - -JM Fixed Maturity Fund Series XIX - Plan B - - - - -JM Fixed Maturity Fund Series XIX - Plan C - - - - -JM Fixed Maturity Fund Series XIX - Plan D - - - - -JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 2,190.19 2,167.35 98.96 - -JM Income Fund 1,638.22 115,070.70 7,024.13 115,020.49 7,021.06JM Short Term Fund 4,595.40 177,795.27 3,868.98 179,437.67 3,904.72JM G-sec Fund - Regular Plan 2,782.93 598,604.05 21,509.85 601,512.91 21,614.37JM Arbitrage Advantage Fund 55,260.16 316,926.43 573.52 314,649.81 569.40JM Fixed Maturity Fund Series XIII - 18 Months Plan 1 1,318.85 5,773.61 437.78 5,824.25 441.62JM Interval Fund - Quarterly Plan 2 109.08 281.32 257.90 768.61 704.63JM Fixed Maturity Fund Series XVI - Yearly Plan 4,442.26 8,604.86 193.70 4,225.58 95.12

32. During the year no borrowing made above 10% of the net assets of any of the scheme of JM Financial Mutual Fund.

33. Derivatives disclosure (as per circular IMD/DF/11/2010, dated 18/08/2010):

Hedging Positions through futures as on 31st March, 2011 :

Scheme Name Underlying Long / Short Futures price when purchased (Rs. )

Current price of the contract (Rs. )

Total Margin maintained in (Rs. In Lakhs)

JM Arbitrage Advantage Fund ABG Shipyard Limited - April 2011 Short 369.30 364.45 18.27JM Arbitrage Advantage Fund Alok Industries Limited - April 2011 Short 21.93 22.35 20.77JM Arbitrage Advantage Fund Bajaj Hindusthan Limited - April 2011 Short 71.77 71.85 9.79JM Arbitrage Advantage Fund Bank of Baroda - April 2011 Short 959.44 971.90 15.07JM Arbitrage Advantage Fund BGR Energy Systems Limited - April 2011 Short 488.90 481.55 1.48JM Arbitrage Advantage Fund Central Bank of India - April 2011 Short 140.62 141.80 7.01JM Arbitrage Advantage Fund Cipla Limited - April 2011 Short 321.78 324.35 3.03JM Arbitrage Advantage Fund Dena Bank - April 2011 Short 105.51 104.60 58.98JM Arbitrage Advantage Fund Firstsource Solutions Limited - April 2011 Short 18.50 18.15 35.57JM Arbitrage Advantage Fund GAIL (India) Limited - April 2011 Short 463.86 467.50 5.47JM Arbitrage Advantage Fund IFCI Limited - April 2011 Short 53.62 53.15 18.86JM Arbitrage Advantage Fund The India Cements Limited - April 2011 Short 97.26 96.50 23.91JM Arbitrage Advantage Fund Jain Irrigation Systems Limited - April 2011 Short 180.71 180.40 25.08JM Arbitrage Advantage Fund JSW Steel Limited - April 2011 Short 923.57 924.00 22.09JM Arbitrage Advantage Fund K S Oils Limited - April 2011 Short 32.72 32.70 19.08JM Arbitrage Advantage Fund Lanco Infratech Limited - April 2011 Short 40.46 39.95 22.73JM Arbitrage Advantage Fund Mercator Lines Limited - April 2011 Short 38.57 38.60 8.21JM Arbitrage Advantage Fund Mahanagar Telephone Nigam Limited - April 2011 Short 45.89 45.90 10.63JM Arbitrage Advantage Fund NHPC Limited - April 2011 Short 24.43 25.30 59.89JM Arbitrage Advantage Fund Orchid Chemicals & Pharmaceuticals Limited - April 2011 Short 309.13 303.45 7.17JM Arbitrage Advantage Fund Pantaloon Retail (India) Limited - April 2011 Short 267.09 263.40 91.10JM Arbitrage Advantage Fund Reliance Infrastructure Limited - April 2011 Short 687.91 694.25 27.70JM Arbitrage Advantage Fund Shree Renuka Sugars Limited - April 2011 Short 70.16 70.25 5.47JM Arbitrage Advantage Fund Rolta India Limited - April 2011 Short 140.30 140.00 5.30JM Arbitrage Advantage Fund Ruchi Soya Industries Limited - April 2011 Short 105.94 106.50 52.87

58


Scheme Name Underlying Long / Short Futures price when purchased (Rs. )

Current price of the contract (Rs. )

Total Margin maintained in (Rs. In Lakhs)

JM Arbitrage Advantage Fund Shipping Corporation Of India Limited - April 2011 Short 108.58 108.50 11.25JM Arbitrage Advantage Fund SREI Infrastructure Finance Limited - April 2011 Short 44.74 44.80 2.11JM Arbitrage Advantage Fund Sterling Biotech Limited - April 2011 Short 98.39 96.00 22.82JM Arbitrage Advantage Fund Tata Global Beverages Limited - April 2011 Short 97.41 98.40 12.06JM Arbitrage Advantage Fund Tata Teleservices (Maharashtra) Limited - April 2011 Short 16.87 17.25 59.10JM Arbitrage Advantage Fund Tulip Telecom Limited - April 2011 Short 143.91 141.40 4.02JM Arbitrage Advantage Fund Television Eighteen India Limited - April 2011 Short 76.54 77.80 24.54

In respect of JM Arbitrage Advantage Fund, total 70.83% of existing assets are hedged through futures as on 31st March, 2011.

For the year ended 31st March 2011 following are the hedging transactions through futures which have been squared off / expired:

Scheme Name Total number of contracts where futures were bought

Total number of contracts where

futures were sold

Gross notional value of contracts where futures were

bought (Rs. In Lakhs)


sold (Rs. In Lakhs)

Net profit/(loss) value on all contracts combined (Rs. In

Lakhs)JM Basic Fund 89 89 295.48 299.93 4.45JM Arbitrage Advantage Fund 56,817 48,088 146,877.25 119,041.60 1,021.72JM Balanced Fund 10 10 16.62 17.91 1.29

Other than Hedging Positions through futures as on 31st March, 2011

Scheme Name Underlying Long / Short Futures price when purchased (Rs.) Current price of the contract (Rs.) Total Margin maintained in (Rs. In Lakhs)

JM Nifty Plus Fund NIFTY - April 2011 Long 5,864.76 5,858.70 21.30In respect of JM Nifty Plus Fund, total exposure due to futures (non-hedging) is 17.41% of net assets as on 31st March, 2011.

For the year ended 31st March 2011 following are the non-hedging transactions through futures which have been squared off / expired:

Scheme Name Total number of contracts where futures were bought

Total number of contracts where

futures were sold


bought (Rs. In Lakhs)


sold (Rs. In Lakhs)

Net profit/(loss) value on all contracts combined (Rs. In

Lakhs)JM Equity Fund 124 124 348.36 350.57 2.21JM Balanced Fund 87 87 298.65 301.76 3.11JM Multi Strategy Fund 21 21 48.99 49.96 0.97JM Contra Fund 1,015 1,015 2,783.64 2,789.18 5.54JM Nifty Plus Fund 1,959 2,027 5,494.94 5,673.87 20.66JM Small & Mid-cap Fund 478 478 1,380.41 1,374.76 (5.65)JM Large Cap Fund 22 22 49.38 51.36 1.98JM Basic Fund 5,635 5,635 13,071.91 13,322.18 250.27JM Emerging Leaders Fund 227 227 797.11 835.53 38.42JM Core 11 Fund - Series 1 5,599 5,685 15,029.25 15,831.31 522.75JM Tax Gain Fund 1,090 1,090 2,392.23 2,334.32 (57.91)JM Agri & Infra Fund 4,637 4,721 10,434.35 10,731.28 21.77JM HI FI Fund 743 743 1,691.01 1,665.21 (25.79)JM Financial Services Sector Fund 832 832 2,641.25 2,628.74 (12.51)

Hedging position through Put Options as on 31st March, 2011 is Nil.

No hedging transaction through Put Options were transacted during the year ended 31st March, 2011.

Other than Hedging Position through Options as on 31st March, 2011 is Nil.

For the year ended 31st March, 2011 following are the non-hedging transactions through options which have been already exercised/expired

Scheme Name Total number of contracts entered into Gross notional value of contracts (Rs. In Lakhs) Net profit/(loss) value on all contracts (Rs. In Lakhs)JM Multi Strategy Fund 150 390.00 (5.25)JM Nifty Plus Fund 150 397.50 (1.96)JM Basic Fund 612 1,955.40 (37.82)JM Emerging Leaders Fund 125 500.00 (20.58)JM Tax Gain Fund 220 594.00 (2.95)JM Agri & Infra Fund 1306 3,401.20 (60.93)JM HI FI Fund 101 263.90 (4.75)

Hedging position through swaps as on 31st March, 2011 is Nil.

No hedging transaction through Swaps were transacted during the year ended 31st March, 2011.

34. Notional Value of exposure in Derivative products - Futures/Options - Long/(Short) at the end of the year 31st March, 2011: (Amount: Rs. In Lakhs)

59


2010-2011

JM Nifty Plus FundName of Scrip Type Quantity AmountNifty - APR2011 Equity Index Futures 3,600 210.91 JM Arbitrage Advantage FundName of Scrip Type Quantity AmountBGR Energy Systems Limited - APR2011 Equity Stock Futures (1,500) (7.22)SREI Infrastructure Finance Limited - APR2011 Equity Stock Futures (21,600) (9.68)Cipla Limited - APR2011 Equity Stock Futures (6,000) (19.46)Tulip Telecom Limited - APR2011 Equity Stock Futures (18,000) (25.45)Shree Renuka Sugars Limited - APR2011 Equity Stock Futures (44,000) (30.91)Rolta India Limited - APR2011 Equity Stock Futures (24,000) (33.60)GAIL (India) Limited - APR2011 Equity Stock Futures (7,500) (35.06)Orchid Chemicals & Pharmaceuticals Limited - APR2011 Equity Stock Futures (12,000) (36.41)Mercator Lines Limited - APR2011 Equity Stock Futures (100,000) (38.60)Central Bank of India - APR2011 Equity Stock Futures (28,224) (40.02)Mahanagar Telephone Nigam Limited - APR2011 Equity Stock Futures (128,000) (58.75)Bajaj Hindusthan Limited - APR2011 Equity Stock Futures (82,000) (58.92)Tata Global Beverages Limited - APR2011 Equity Stock Futures (72,000) (70.85)Shipping Corporation Of India Limited - APR2011 Equity Stock Futures (66,000) (71.61)K S Oils Limited - APR2011 Equity Stock Futures (280,000) (91.56)Bank of Baroda - APR2011 Equity Stock Futures (10,000) (97.19)Lanco Infratech Limited - APR2011 Equity Stock Futures (248,000) (99.08)IFCI Limited - APR2011 Equity Stock Futures (204,000) (108.43)Alok Industries Limited - APR2011 Equity Stock Futures (500,000) (111.75)ABG Shipyard Limited - APR2011 Equity Stock Futures (31,000) (112.98)Jain Irrigation Systems Limited - APR2011 Equity Stock Futures (66,250) (119.52)JSW Steel Limited - APR2011 Equity Stock Futures (13,750) (127.05)Reliance Infrastructure Limited - APR2011 Equity Stock Futures (19,000) (131.91)Sterling Biotech Limited - APR2011 Equity Stock Futures (152,000) (145.92)The India Cements Limited - APR2011 Equity Stock Futures (158,000) (152.47)Television Eighteen India Limited - APR2011 Equity Stock Futures (200,000) (155.60)Firstsource Solutions Limited - APR2011 Equity Stock Futures (1,096,000) (198.92)Ruchi Soya Industries Limited - APR2011 Equity Stock Futures (300,000) (319.50)Tata Teleservices (Maharashtra) Limited - APR2011 Equity Stock Futures (1,917,000) (330.68)Dena Bank - APR2011 Equity Stock Futures (356,000) (372.38)NHPC Limited - APR2011 Equity Stock Futures (1,560,000) (394.68)Pantaloon Retail (India) Limited - APR2011 Equity Stock Futures (162,500) (428.03)

2009-2010

JM Nifty Plus FundName of Scrip Type Quantity AmountNifty - APR2010 Equity Index Futures 7,000 368.31 JM Core 11 Fund - Series 1Name of Scrip Type Quantity AmountICICI Bank Ltd. - APR2010 Equity Stock Futures 30100 287.38JM Agri & Infra FundName of Scrip Type Quantity AmountLarsen & Toubro Ltd. - APR2010 Equity Stock Futures 16,800 275.03 Nifty - OPAPR2010PE4900 Equity Index Option 15,000 3.03 JM HI FI FundName of Scrip Type Quantity AmountNifty - OPAPR2010PE4900 Equity Index Option 1,000 0.20 JM Arbitrage Advantage FundName of Scrip Type Quantity AmountTech Mahindra Limited - APR2010 Equity Stock Futures (600) (5.15)Divi's Laboratories Limited - APR2010 Equity Stock Futures (1,240) (8.45)Apollo Tyres Limited - APR2010 Equity Stock Futures (23,800) (17.01)Rolta India Limited - APR2010 Equity Stock Futures (14,400) (25.92)Triveni Engineering & Industries Limited - APR2010 Equity Stock Futures (30,800) (42.35)

60


IDBI Bank Limited - APR2010 Equity Stock Futures (38,400) (44.33)Nagarjuna Fertilizers & Chemicals Limited - APR2010 Equity Stock Futures (157,500) (48.67)Larsen & Toubro Limited - APR2010 Equity Stock Futures (3,200) (52.39)Moser Baer India Limited - APR2010 Equity Stock Futures (74,250) (54.50)Reliance Power Limited - APR2010 Equity Stock Futures (40,000) (60.14)Chambal Fertilizers & Chemicals Limited - APR2010 Equity Stock Futures (103,500) (63.81)Jindal Steel & Power Limited - APR2010 Equity Stock Futures (9,600) (67.86)Bajaj Hindusthan Limited - APR2010 Equity Stock Futures (49,875) (68.13)Century Textile & Industries Limited - APR2010 Equity Stock Futures (16,960) (86.67)Kingfisher Airlines Limited - APR2010 Equity Stock Futures (195,500) (92.08)NTPC Limited - APR2010 Equity Stock Futures (45,500) (94.50)Mangalore Refinery & Petrochemicals Limited - APR2010 Equity Stock Futures (124,600) (95.44)DLF Limited - APR2010 Equity Stock Futures (32,000) (99.12)Sintex Industries Limited - APR2010 Equity Stock Futures (36,400) (107.20)ICSA (India) Limited - APR2010 Equity Stock Futures (94,800) (121.58)Jaiprakash Associates Limited - APR2010 Equity Stock Futures (82,712) (124.11)Mahanagar Telephone Nigam Limited - APR2010 Equity Stock Futures (188,800) (138.67)Shree Renuka Sugars Limited - APR2010 Equity Stock Futures (195,000) (139.72)GVK Power & Infrastructures Limited - APR2010 Equity Stock Futures (327,750) (147.49)Gujarat State Petronet Limited - APR2010 Equity Stock Futures (176,900) (155.58)Tata Consultancy Services Limited - APR2010 Equity Stock Futures (20,000) (157.14)Reliance Media World Limited - APR2010 Equity Stock Futures (79,800) (173.76)Cipla Limited - APR2010 Equity Stock Futures (55,000) (186.78)Cairn India Limited - APR2010 Equity Stock Futures (61,250) (187.88)Indian Oil Corporation Limited - APR2010 Equity Stock Futures (67,200) (199.99)Housing Development and Infrastructure Limited - APR2010 Equity Stock Futures (70,434) (202.36)Orchid Chemicals & Pharmaceuticals Limited - APR2010 Equity Stock Futures (132,300) (205.00)Punj Lloyd Limited - APR2010 Equity Stock Futures (121,500) (216.88)Indiabulls Real Estate Limited - APR2010 Equity Stock Futures (149,500) (228.96)Videocon Industries Limited - APR2010 Equity Stock Futures (101,626) (232.98)Praj Industries Limited - APR2010 Equity Stock Futures (277,200) (240.33)Reliance Communications Limited - APR2010 Equity Stock Futures (153,300) (262.14)Financial Technologies (India) Limited - APR2010 Equity Stock Futures (18,600) (293.10)Suzlon Energy Limited - APR2010 Equity Stock Futures (444,000) (321.23)India Cements Limited - APR2010 Equity Stock Futures (247,950) (328.53)Reliance Natural Resources Limited - APR2010 Equity Stock Futures (539,976) (338.56)Everest Kanto Cylinder Limited - APR2010 Equity Stock Futures (284,000) (346.91)Noida-Toll Bridge Co. Limited - APR2010 Equity Stock Futures (1,131,600) (372.86)Biocon Limited - APR2010 Equity Stock Futures (136,800) (392.00)Hindustan Petroleum Corporation Limited - APR2010 Equity Stock Futures (122,850) (392.01)Vijaya Bank - APR2010 Equity Stock Futures (883,200) (421.73)Television Eighteen India Limited - APR2010 Equity Stock Futures (571,225) (438.42)Reliance Infrastructure Limited - MAY2010 Equity Stock Futures (44,988) (452.44)Maruti Suzuki India Limited - APR2010 Equity Stock Futures (34,000) (483.75)Dish TV India Limited - APR2010 Equity Stock Futures (1,359,600) (501.01)Firstsource Solutions Limited - APR2010 Equity Stock Futures (2,042,500) (590.28)Dena Bank - APR2010 Equity Stock Futures (798,000) (629.22)CESC Limited - APR2010 Equity Stock Futures (165,000) (635.42)Yes Bank Limited - APR2010 Equity Stock Futures (248,600) (635.92)Tata Teleservices (Maharashtra) Limited - APR2010 Equity Stock Futures (2,737,900) (652.99)India Infoline Limited - APR2010 Equity Stock Futures (605,000) (695.45)Unitech Limited - APR2010 Equity Stock Futures (1,183,500) (873.42)GTL Infrastructure Limited - APR2010 Equity Stock Futures (2,323,150) (976.88)Ispat Industries Limited - APR2010 Equity Stock Futures (5,253,900) (1,027.14)Deccan Chronicle Holdings Limited - APR2010 Equity Stock Futures (680,000) (1,049.92)Bombay Rayon Fashions Limited - APR2010 Equity Stock Futures (495,650) (1,079.03)State Bank of India - APR2010 Equity Stock Futures (51,876) (1,083.02)Essar Oil Limited - APR2010 Equity Stock Futures (810,488) (1,127.79)Bharat Forge Limited - APR2010 Equity Stock Futures (542,000) (1,384.81)

61


Balrampur Chini Mills Limited - APR2010 Equity Stock Futures (1,524,000) (1,405.89)IFCI Limited - APR2010 Equity Stock Futures (3,837,560) (1,926.46)Welspun Gujarat Stahl Rohren Limited - APR2010 Equity Stock Futures (726,400) (1,999.42)GTL Limited - APR2010 Equity Stock Futures (486,000) (2,002.56)Mphasis Limited - APR2010 Equity Stock Futures (393,600) (2,448.78)

2010-2011 2009-2010Amount (Rs. in Lakhs) % to Net Asset Amount (Rs. In Lakhs) % to Net Asset

Scheme Net Assets Long Short Long Short Net Assets Long Short Long ShortJM Nifty Plus Fund 1,211.17 210.91 - 17.41 - 1,309.87 368.31 - 28.12 - JM Core 11 Fund - Series 1 - - - - - 23,434.27 287.38 - 1.23 - JM Agri & Infra Fund - - - - - 14,995.44 278.06 - 1.85 - JM HI FI Fund - - - - - 1,194.37 0.20 - 0.02 - JM Arbitrage Advantage Fund 5,695.97 - 4,034.18 - 70.83 46,338.12 - 31,762.03 - 68.54

35. Investments of the schemes are registered in the name of the Trustees for the benefits of the scheme’s unit holders.

36. Investments in ADR/GDR – NIL.

37. Open position of Securities Borrowed and / or Lend by the scheme – NIL.

38. Net Asset Value (Rs. Per unit)

Scheme Option/Plan Face Value Per Unit (Rs.)

2010-2011 2009-2010NAV Per Unit (Rs.) NAV as on NAV Per Unit (Rs.) NAV as on

JM Equity Fund Dividend 10.0000 15.0269 31-Mar-11 14.2604 31-Mar-10JM Equity Fund Growth 10.0000 36.9164 31-Mar-11 35.0288 31-Mar-10JM Balanced Fund Dividend 10.0000 16.3669 31-Mar-11 15.3273 31-Mar-10JM Balanced Fund Growth 10.0000 22.9470 31-Mar-11 21.4906 31-Mar-10JM Multi Strategy Fund Dividend 10.0000 13.1159 31-Mar-11 13.3801 31-Mar-10JM Multi Strategy Fund Growth 10.0000 14.1029 31-Mar-11 14.3872 31-Mar-10JM Contra Fund Dividend 10.0000 5.1257 31-Mar-11 5.6019 31-Mar-10JM Contra Fund Growth 10.0000 5.1257 31-Mar-11 5.6019 31-Mar-10JM Nifty Plus Fund Dividend 10.0000 16.8634 31-Mar-11 15.2019 31-Mar-10JM Nifty Plus Fund Growth 10.0000 18.5167 31-Mar-11 16.6982 31-Mar-10JM Small & Mid-cap Fund Dividend 10.0000 4.8446 31-Mar-11 5.7025 31-Mar-10JM Small & Mid-cap Fund Growth 10.0000 4.8446 31-Mar-11 5.7025 31-Mar-10JM Mid Cap Fund Dividend 10.0000 15.9338 31-Mar-11 17.2123 31-Mar-10JM Mid Cap Fund Growth 10.0000 23.2555 31-Mar-11 25.1219 31-Mar-10JM Large Cap Fund Dividend 10.0000 14.2396 31-Mar-11 12.7111 31-Mar-10JM Large Cap Fund Growth 10.0000 19.3645 31-Mar-11 17.2857 31-Mar-10JM Basic Fund Dividend 10.0000 9.5423 31-Mar-11 12.7014 31-Mar-10JM Basic Fund Growth 10.0000 13.6663 31-Mar-11 18.1915 31-Mar-10JM Emerging Leaders Fund Dividend 10.0000 7.2360 31-Mar-11 7.8624 31-Mar-10JM Emerging Leaders Fund Growth 10.0000 7.2203 31-Mar-11 7.8454 31-Mar-10JM Core 11 Fund – Series 1 Dividend 10.0000 3.9230 31-Mar-11 4.4557 31-Mar-10JM Core 11 Fund – Series 1 Growth 10.0000 3.9230 31-Mar-11 4.4557 31-Mar-10JM Telecom Sector Fund Dividend 10.0000 7.3724 31-Mar-11 7.9318 31-Mar-10JM Telecom Sector Fund Growth 10.0000 7.3724 31-Mar-11 7.9319 31-Mar-10JM Tax Gain Fund Dividend 10.0000 7.0588 31-Mar-11 7.0712 31-Mar-10JM Tax Gain Fund Growth 10.0000 7.0588 31-Mar-11 7.0712 31-Mar-10JM Agri & Infra Fund Dividend 10.0000 2.4612 31-Mar-11 2.9554 31-Mar-10JM Agri & Infra Fund Growth 10.0000 2.4612 31-Mar-11 2.9554 31-Mar-10JM HI FI Fund Dividend 10.0000 5.0526 31-Mar-11 5.4755 31-Mar-10JM HI FI Fund Growth 10.0000 5.0526 31-Mar-11 5.4756 31-Mar-10JM Financial Services Sector Fund Dividend 10.0000 10.0919 31-Mar-11 8.9399 31-Mar-10JM Financial Services Sector Fund Growth 10.0000 10.0919 31-Mar-11 8.9403 31-Mar-10JM High Liquidity Fund Growth 10.0000 26.7560 31-Mar-11 25.1001 31-Mar-10JM High Liquidity Fund Bonus 10.0000 14.0506 31-Mar-11 13.1810 31-Mar-10JM High Liquidity Fund Institutional Dividend 10.0000 10.5616 31-Mar-11 10.4612 31-Mar-10JM High Liquidity Fund Institutional Growth 10.0000 16.1428 31-Mar-11 15.1447 31-Mar-10JM High Liquidity Fund Super Institutional Daily Dividend 10.0000 10.0165 31-Mar-11 10.0165 31-Mar-10JM High Liquidity Fund Dividend 10.0000 10.8071 31-Mar-11 10.7047 31-Mar-10JM High Liquidity Fund Daily Dividend 10.0000 10.4302 31-Mar-11 10.4302 31-Mar-10

62


JM High Liquidity Fund Super Institutional Growth 10.0000 15.3494 31-Mar-11 14.3993 31-Mar-10JM High Liquidity Fund Institutional Daily Dividend 10.0000 10.0159 31-Mar-11 10.0159 31-Mar-10JM High Liquidity Fund Quarterly Dividend 10.0000 15.1441 31-Mar-11 14.2063 31-Mar-10JM High Liquidity Fund Super Institutional Weekly Dividend 10.0000 10.0000 31-Mar-11 10.0000 31-Mar-10JM Money Manager Fund - Super Plus Plan Daily Dividend 10.0000 10.0053 31-Mar-11 10.0053 31-Mar-10JM Money Manager Fund - Super Plus Plan Weekly Dividend 10.0000 10.4273 31-Mar-11 10.3301 31-Mar-10JM Money Manager Fund - Super Plus Plan Fortnightly Dividend 10.0000 10.2371 31-Mar-11 10.1864 31-Mar-10JM Money Manager Fund - Super Plus Plan Growth 10.0000 13.8213 31-Mar-11 12.9844 31-Mar-10JM Money Manager Fund - Super Plan Daily Dividend 10.0000 10.0118 31-Mar-11 10.0118 31-Mar-10JM Money Manager Fund - Super Plan Weekly Dividend 10.0000 10.4235 31-Mar-11 10.3135 31-Mar-10JM Money Manager Fund - Super Plan Fortnightly Dividend 10.0000 10.1831 31-Mar-11 10.1293 31-Mar-10JM Money Manager Fund - Super Plan Growth 10.0000 13.8695 31-Mar-11 12.9302 31-Mar-10JM Money Manager Fund - Regular Plan Daily Dividend 10.0000 10.0112 31-Mar-11 10.0112 31-Mar-10JM Money Manager Fund - Regular Plan Weekly Dividend 10.0000 10.3926 31-Mar-11 10.2888 31-Mar-10JM Money Manager Fund - Regular Plan Fortnightly Dividend 10.0000 10.1334 31-Mar-11 10.0796 31-Mar-10JM Money Manager Fund - Regular Plan Growth 10.0000 13.4680 31-Mar-11 12.5770 31-Mar-10JM Floater Fund- Long Term Plan Premium Dividend 10.0000 10.2809 31-Mar-11 10.2267 31-Mar-10JM Floater Fund- Long Term Plan Premium Growth 10.0000 14.8358 31-Mar-11 13.9639 31-Mar-10JM Floater Fund- Long Term Plan Regular Dividend 10.0000 15.4470 31-Mar-11 14.5549 31-Mar-10JM Floater Fund- Long Term Plan Regular Growth 10.0000 15.3943 31-Mar-11 14.5053 31-Mar-10JM Floater Fund- Long Term Plan Premium Daily Dividend 10.0000 10.0031 31-Mar-11 10.0031 31-Mar-10JM Floater Fund- Long Term Plan Premium Weekly Dividend 10.0000 10.4118 31-Mar-11 10.3135 31-Mar-10JM Floater Fund- Long Term Plan Regular Daily Dividend 10.0000 10.0031 31-Mar-11 10.0031 31-Mar-10JM Floater Fund- Long Term Plan Regular Weekly Dividend 10.0000 10.3795 31-Mar-11 10.2831 31-Mar-10JM Floater Fund - Short Term Plan Dividend 10.0000 10.0883 31-Mar-11 10.0883 31-Mar-10JM Floater Fund - Short Term Plan Growth 10.0000 15.6841 31-Mar-11 14.8176 31-Mar-10JM MIP Fund Monthly Dividend 10.0000 10.1818 31-Mar-11 10.2669 31-Mar-10JM MIP Fund Quarterly Dividend 10.0000 11.5148 31-Mar-11 11.1098 31-Mar-10JM MIP Fund Annual Dividend 10.0000 12.2766 31-Mar-11 11.8448 31-Mar-10JM MIP Fund Growth 10.0000 15.2817 31-Mar-11 14.7442 31-Mar-10JM Interval Fund - Quarterly Plan 1 Dividend 10.0000 10.0244 31-Mar-11 10.0074 31-Mar-10JM Interval Fund - Quarterly Plan 1 Growth 10.0000 12.4714 31-Mar-11 11.6908 31-Mar-10JM Interval Fund - Quarterly Plan 1 Institutional Dividend 10.0000 10.0251 31-Mar-11 10.0000 31-Mar-10JM Interval Fund - Quarterly Plan 1 Institutional Growth 10.0000 12.6039 31-Mar-11 11.7763 31-Mar-10JM Fixed Maturity Fund Series XIX - Plan A Dividend 10.0000 10.1741 31-Mar-11 JM Fixed Maturity Fund Series XIX - Plan A Growth 10.0000 10.1741 31-Mar-11 JM Fixed Maturity Fund Series XIX - Plan B Dividend 10.0000 10.0027 31-Mar-11 JM Fixed Maturity Fund Series XIX - Plan B Growth 10.0000 10.0983 31-Mar-11 JM Fixed Maturity Fund Series XIX - Plan C Dividend 10.0000 10.0899 31-Mar-11 JM Fixed Maturity Fund Series XIX - Plan C Growth 10.0000 10.0899 31-Mar-11 JM Fixed Maturity Fund Series XIX - Plan D Dividend 10.0000 10.1459 31-Mar-11 JM Fixed Maturity Fund Series XIX - Plan D Growth 10.0000 10.1459 31-Mar-11 JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 Dividend 10.0000 10.8272 31-Mar-11 10.0495 31-Mar-10JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1 Growth 10.0000 10.8273 31-Mar-11 10.0494 31-Mar-10JM Income Fund Bonus 10.0000 12.0352 31-Mar-11 11.5479 31-Mar-10JM Income Fund Dividend 10.0000 10.4079 31-Mar-11 9.9865 31-Mar-10JM Income Fund Growth 10.0000 29.4180 31-Mar-11 28.2268 31-Mar-10JM Short Term Fund Institutional Dividend 10.0000 10.4507 31-Mar-11 10.3926 31-Mar-10JM Short Term Fund Institutional Growth 10.0000 13.8788 31-Mar-11 12.9657 31-Mar-10JM Short Term Fund Dividend 10.0000 11.5139 31-Mar-11 11.4531 31-Mar-10JM Short Term Fund Growth 10.0000 19.2028 31-Mar-11 18.0032 31-Mar-10JM Short Term Fund Regular Plan Daily Dividend 10.0000 10.0000 31-Mar-11JM Short Term Fund Institutional Plan Daily Dividend 10.0000 10.000 31-Mar-11JM G-sec Fund - Regular Plan Growth 10.0000 31.0662 31-Mar-11 29.7990 31-Mar-10JM G-sec Fund - Regular Plan Principal 10.0000 15.1078 31-Mar-11 14.4915 31-Mar-10JM G-sec Fund - Regular Plan Bonus 10.0000 15.1078 31-Mar-11 14.4915 31-Mar-10JM G-sec Fund - Regular Plan Dividend 10.0000 14.5936 31-Mar-11 14.2437 31-Mar-10JM Arbitrage Advantage Fund Dividend 10.0000 10.2094 31-Mar-11 10.0889 31-Mar-10JM Arbitrage Advantage Fund Growth 10.0000 13.8009 31-Mar-11 12.9240 31-Mar-10JM Fixed Maturity Fund Series XIII - 18 Months Plan 1* Dividend 10.0000 10.0000 26-Apr-10 10.4072 31-Mar-10

63


JM Fixed Maturity Fund Series XIII - 18 Months Plan 1* Growth 10.0000 11.5980 26-Apr-10 11.5275 31-Mar-10JM Fixed Maturity Fund Series XIII - 18 Months Plan 1* Institutional Dividend 10.0000 10.0000 26-Apr-10 10.4356 31-Mar-10JM Fixed Maturity Fund Series XIII - 18 Months Plan 1* Institutional Growth 10.0000 11.7198 26-Apr-10 11.6456 31-Mar-10JM Interval Fund - Quarterly Plan 2* Dividend 10.0000 10.0004 06-Apr-10 10.0596 31-Mar-10JM Interval Fund - Quarterly Plan 2* Growth 10.0000 11.7267 06-Apr-10 11.7203 31-Mar-10JM Interval Fund - Quarterly Plan 2* Institutional Dividend 10.0000 10.0005 06-Apr-10 10.0655 31-Mar-10JM Interval Fund - Quarterly Plan 2* Institutional Growth 10.0000 10.0000 06-Apr-10 10.0000 31-Mar-10JM Fixed Maturity Fund Series XVI - Yearly Plan* Dividend 10.0000 10.0000 15-Nov-11 10.2584 31-Mar-10JM Fixed Maturity Fund Series XVI - Yearly Plan* Growth 10.0000 10.7118 15-Nov-11 10.2584 31-Mar-10JM Fixed Maturity Fund Series XVI - Yearly Plan* Institutional Dividend 10.0000 10.0000 15-Nov-11 10.2688 31-Mar-10JM Fixed Maturity Fund Series XVI - Yearly Plan* Institutional Growth 10.0000 10.7394 15-Nov-11 10.2688 31-Mar-10

* These are closed schemes/plans, therefore NAV per unit has been given as on the closing date of closed schemes/plans.

39. Non Traded Investments exceeding 5% of Net Asset Valueas on March 31, 2011.

The aggregate fair value of non traded/ thinly traded investments and fair value of non traded/ thinly traded investments individually exceeding 5% of the Net Asset Value at the end of the year is as follows: (Amount : Rs. in Lakhs)

2010-2011 2009-2010Aggregate Value Individually

Exceeding 5%Net Asset

ValueAggregate Value Individually Exceed-

ing 5%Net Asset

ValueScheme Amount % Amount % Amount % Amount % Amount %JM Balanced Fund 235.21 20.97 227.42 20.28 1,121.67 380.00 19.74 380.00 19.74 1,925.29JM Nifty Plus Fund 0.21 0.02 - - 1,211.17 - - - - -JM Agri & Infra Fund - - - - - 17.25 0.12 - - 14,995.44JM High Liquidity Fund 53,267.16 98.23 45,902.89 84.65 54,225.85 146,730.21 114.21 86,372.24 67.23 128,473.64JM Money Manager Fund - Super Plus Plan 39,339.93 96.65 34,199.66 84.02 40,702.92 224,311.77 91.31 79,491.08 32.36 245,650.48JM Money Manager Fund - Super Plan 15,227.80 99.19 14,906.90 97.10 15,351.91 13,998.46 99.69 13,819.92 98.42 14,041.47JM Money Manager Fund - Regular Plan 12,846.30 99.26 12,442.05 96.14 12,942.25 11,960.66 99.80 9,276.14 77.40 11,984.48JM Floater Fund- Long Term Plan 197.07 21.58 197.07 21.58 913.38 130.06 73.08 130.06 73.08 177.96JM Floater Fund - Short Term Plan 58.87 24.72 58.87 24.72 238.19 440.04 60.89 440.04 60.89 722.72JM MIP Fund 544.62 82.22 528.00 79.71 662.40 726.03 82.37 726.03 82.37 881.44JM Interval Fund - Quarterly Plan 1 2,743.83 98.47 2,743.83 98.47 2,786.44 - - - - 16.16JM Fixed Maturity Fund Series XIX - Plan A 11,038.57 99.88 11,038.57 99.88 11,051.35 - - - - - JM Fixed Maturity Fund Series XIX - Plan B 4,732.07 100.02 4,732.07 100.02 4,731.34 - - - - - JM Fixed Maturity Fund Series XIX - Plan C 6,876.39 99.91 6,876.39 99.91 6,882.63 - - - - - JM Fixed Maturity Fund Series XIX - Plan D 5,201.21 95.20 5,201.21 95.20 5,463.52 - - - - - JM Fixed Maturity Fund Series XVIII - 15 Months Plan 1

2,361.46 99.85 2,262.89 95.69 2,364.93 2,176.50 99.16 2,176.50 99.16 2,195.04

JM Income Fund 575.18 49.28 562.00 48.15 1,167.22 1,040.21 74.83 1,026.42 73.83 1,390.17JM Short Term Fund 25,523.93 99.30 21,101.58 82.10 25,702.57 1,383.04 78.38 1,327.91 75.25 1,764.59JM Arbitrage Advantage Fund - - - - - 4,141.90 8.94 - - 46,338.12JM Fixed Maturity Fund Series XIII - 18 Months Plan 1 - - - - - 923.29 67.18 923.29 67.18 1,374.28JM Interval Fund - Quarterly Plan 2 - - - - - - - - - 44.32JM Fixed Maturity Fund Series XVI - Yearly Plan - - - - - 4,474.84 99.32 4,474.84 99.32 4,505.35

40. After the balance sheet date, JM Agri & Infra Fund and JM HI FI Fund have been merged into JM Basic Fund, JM Financial Services Sector Fund, JM Telecom Sector Fund and JM Large Cap Fund have been merged into JM Equity Fund, and JM Contra Fund, JM Mid Cap Fund and JM Small & Mid-cap Fund have been merged into JM Multistrategy Fund w.e.f. 1st April, 2011.

41. After the balance sheet date, the scheme name of JM Core 11 Fund - Series 1 has been renamed as JM Core 11 Fund w.e.f. 1st April, 2011.

42. Shares pending registration/under objection.

The values for following have been provided for in the accounts in earlier years.

Company Scheme 2010-2011 2009-2010Quantity Amount (Rs. In Lakhs) Quantity Amount (Rs. In Lakhs)

Reliance Industries Ltd JM Equity Fund 856 1.57 856 1.57JM Balanced Fund 175 0.32 175 0.32

JM Basic Fund 12,492 18.57 12,492 18.57Hindustan Unilever Ltd. JM Equity Fund 4,110 4.19 4,110 4.19

43. The value for following Non Performing assets have been written off in the accounts in earlier years and are carried at nominal value.

CompanyType of Security

Scheme 2010-2011 2009-2010Quantity Amount (Rs. In Lakhs) Quantity Amount (Rs. In Lakhs)

Flora Textiles Ltd. Equity Shares JM Equity Fund 1,95,000 0.02 1,95,000 0.02 JM Balanced Fund 60,000 0.01 60,000 0.01

HMG Industries Ltd. Debentures JM Balanced Fund 45,000 0.00 # 45,000 0.00 # JM Income Fund 5,000 0.00 # 5,000 0.00 #

# Less than Rs. One thousand.

64


JM EQUITY FUND Rs. In lakhs

Name of the Instruments Industry/Rating Quantity Market Value

% age to NAV

% age to Total Mar-

ket Value of Investment

EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock ExchangeInfosys Technologies Limited Software 7,418 240.44 8.43 8.37 Reliance Industries Limited Petroleum Products 21,575 226.34 7.94 7.88 ICICI Bank Limited Banks 16,270 181.61 6.36 6.32 HDFC Bank Limited Banks 7,650 179.46 6.28 6.25 ITC Limited Consumer Non

Durables 96,950 176.55 6.18 6.15

Larsen & Toubro Limited Construction Project 10,130 167.34 5.86 5.83 State Bank of India Banks 5,465 151.12 5.29 5.26 Mahindra & Mahindra Limited Auto 18,735 131.21 4.59 4.57 Tata Consultancy Services Limited Software 9,500 112.47 3.94 3.92 Axis Bank Limited Banks 7,500 105.29 3.69 3.67 Cairn India Limited Oil 28,350 99.49 3.48 3.46 Bajaj Auto Limited Auto 6,297 92.14 3.23 3.21 Jindal Steel & Power Limited Ferrous Metals 12,655 88.24 3.09 3.07 Tata Steel Limited Ferrous Metals 13,900 86.49 3.03 3.01 Bharti Airtel Limited Telecom - Services 24,000 85.78 3.00 2.99 Wipro Limited Software 17,501 84.04 2.94 2.93 Bharat Heavy Electricals Limited Industrial Capital

Goods 3,925 80.96 2.83 2.82

Tata Motors Limited Auto 6,150 76.77 2.69 2.67 Tata Power Company Limited Power 5,000 66.76 2.34 2.32 Housing Development Finance Corporation Limited - Warrants

Finance 44,120 66.38 2.32 2.31

Reliance Infrastructure Limited Power 9,400 64.86 2.27 2.26 Eicher Motors Limited Auto 4,745 63.79 2.23 2.22 Grasim Industries Limited Textile Products 2,435 59.83 2.09 2.08 Sterlite Industries ( India ) Limited Non - Ferrous

Metals 33,800 58.71 2.06 2.04

Hindalco Industries Limited Non - Ferrous Metals

26,100 54.59 1.91 1.90

Punjab National Bank Banks 2,390 28.98 1.01 1.01 McDowell Holdings Limited Finance 4,000 4.36 0.15 0.15 Hindustan Unilever Limited * Consumer Non

Durables 4,110 4.19 0.15 0.15

Reliance Industries Limited * Petroleum Products 856 1.57 0.05 0.05 Flora Textiles Limited * N.A. 195,000 0.02 0.00^ 0.00^ Less: Provision (5.78) (0.20) (0.20)Sub Total: 2,834.00 99.23 98.67 (Cost : 2461.54)b) Unlisted NIL NIL NIL Total: 2,834.00 99.23 98.67(Cost : 2461.54)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation

- 38.34 1.34 1.33

Sub Total: 38.34 1.34 1.33 (Cost : 38.34)Total: 2,872.34 100.57 100.00 (Cost : 2499.88)Net Current Assets (16.38) (0.57)Net Assets 2,855.96 100.00

* NPA , ^ Less than 0.01%

JM BALANCED FUND Rs. In lakhs


% age to NAV

% age to Total Market

Value of Investment

EQUITY & EQUITY RELATED

a) Listed/Awaiting Listing On Stock ExchangeReliance Industries Limited Petroleum

Products 8,125 85.24 7.59 7.63

Larsen & Toubro Limited Construction Project

4,610 76.15 6.79 6.82

ITC Limited Consumer Non Durables

40,000 72.84 6.49 6.52

Infosys Technologies Limited Software 2,215 71.79 6.40 6.43 Bharat Heavy Electricals Limited Industrial Capital

Goods 3,355 69.20 6.17 6.20

Eicher Motors Limited Auto 4,750 63.85 5.69 5.72 Sterlite Industries ( India ) Limited

Non - Ferrous Metals

32,000 55.58 4.96 4.98

Bajaj Auto Limited Auto 3,615 52.90 4.72 4.74 Housing Development Finance Corporation Limited - Warrants

Finance 33,300 50.10 4.47 4.49

ACC Limited Cement 4,100 44.06 3.93 3.95 Mahindra & Mahindra Limited Auto 5,625 39.39 3.51 3.53 Hindalco Industries Limited Non - Ferrous

Metals 18,000 37.65 3.36 3.37

Tata Steel Limited Ferrous Metals 5,050 31.42 2.80 2.81 ICICI Bank Limited Banks 1,731 19.32 1.72 1.73 Punjab National Bank Banks 185 2.24 0.20 0.20 Reliance Industries Limited * Petroleum

Products 175 0.32 0.03 0.03

Flora Textiles Limited * N.A. 60,000 0.01 0.00^ 0.00^

Less: Provision (0.33) (0.03) (0.03)

Sub Total: 771.73 68.80 69.12 (Cost : 692.99)b) Unlisted NIL NIL NIL Total: 771.73 68.80 69.12(Cost : 692.99)DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock ExchangeUnion Bank of India ** AAA 23 227.42 20.28 20.37

Dr. Reddy's Laboratories Limited **

LAA+ 156,930 7.78 0.69 0.70

Sub Total: 235.20 20.97 21.07 (Cost : 237.78)b) Privately Placed / UnlistedHMG Industries Ltd. * - 45,000 0.00$ 0.00^ 0.00^ Sub Total: 0.00$ 0.00^ 0.00^ (Cost : 0.00$)Total: 235.20 20.97 21.07 (Cost : 237.78)MONEY MARKET INSTRU-MENTSCollateralised Borrowing & Lending Obligation

- 109.55 9.77 9.81

Sub Total: 109.55 9.77 9.81 (Cost : 109.55)Total: 1,116.48 99.54 100.00 (Cost : 1040.32)Net Current Assets 5.19 0.46 Net Assets 1,121.67 100.00

*NPA, ** Thinly/Non Traded., ^Less than 0.01%, $ Less than Rs.1,00,000/-

JM MULTI sTRATEGY FUND Rs. In lakhs


% age to NAV


Value of Investment

EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock Exchange

ANNExURE 1 - sTATEMENT OF PORTFOLIO HOLDING As ON 31.03.2011

65


Reliance Industries Limited Petroleum Products 12,950 135.86 6.30 6.17 Tata Motors Limited Auto 9,375 117.03 5.44 5.33 Infosys Technologies Limited Software 3,559 115.36 5.36 5.25 Larsen & Toubro Limited Construction Project 6,600 109.03 5.07 4.96 Housing Development Finance Corporation Limited - Warrants

Finance 71,870 108.13 5.02 4.92

Tata Consultancy Services Limited

Software 7,600 89.98 4.18 4.10

Nestle India Limited Consumer Non Durables

2,235 82.62 3.84 3.76

Eicher Motors Limited Auto 5,606 75.36 3.50 3.43 Axis Bank Limited Banks 5,148 72.27 3.36 3.29 HDFC Bank Limited Banks 2,900 68.03 3.16 3.10 Bank of Baroda Banks 6,800 65.61 3.05 2.99 Bharat Heavy Electricals Limited Industrial Capital

Goods 3,155 65.08 3.02 2.96

Bajaj Electricals Limited Consumer Durables 27,248 63.90 2.97 2.91 Tata Steel Limited Ferrous Metals 9,947 61.90 2.88 2.82 ICICI Bank Limited Banks 5,245 58.54 2.72 2.66 State Bank of India Banks 2,090 57.79 2.68 2.63

ACC Limited Cement 5,250 56.41 2.62 2.57

Mahindra & Mahindra Financial Services Limited

Finance 7,100 55.11 2.56 2.51

JSW Steel Limited Ferrous Metals 5,925 54.29 2.52 2.47

Hindalco Industries Limited Non - Ferrous Metals 25,400 53.12 2.47 2.42

Oil & Natural Gas Corporation Limited

Oil 16,500 48.06 2.23 2.19

Bajaj Auto Limited Auto 3,190 46.68 2.17 2.12

Bharti Airtel Limited Telecom - Services 13,000 46.46 2.16 2.11

LIC Housing Finance Limited Finance 20,400 46.12 2.14 2.10

Mahindra & Mahindra Limited Auto 6,400 44.82 2.08 2.04

Hindustan Petroleum Corporation Limited

Petroleum Products 12,350 44.03 2.05 2.00

Power Finance Corporation Limited

Finance 17,595 43.98 2.04 2.00

Sterlite Industries ( India ) Limited

Non - Ferrous Metals 24,800 43.08 2.00 1.96

Wipro Limited Software 8,900 42.74 1.99 1.95 Cairn India Limited Oil 12,000 42.11 1.96 1.92 PTC India Limited Power 50,250 41.91 1.95 1.91 Dr. Reddy's Laboratories Limited Pharmaceuticals 2,480 40.65 1.89 1.85 Asian Paints Limited Consumer Non

Durables 1,600 40.41 1.88 1.84

Satyam Computer Services Limited

Software 61,200 40.21 1.87 1.83

Sub Total: 2,176.68 101.13 99.07 (Cost : 2003.57)b) Unlisted NIL NIL NIL Total: 2,176.68 101.13 99.07(Cost : 2003.57)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation

- 20.51 0.95 0.93


JM CONTRA FUND Rs. In lakhs


% age to NAV


Value of Investment

EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock Exchange

Reliance Industries Limited Petroleum Products 90,430 948.70 6.96 6.66 Tata Motors Limited Auto 62,550 780.84 5.73 5.48 Larsen & Toubro Limited Construction Project 45,950 759.05 5.58 5.34 Infosys Technologies Limited Software 22,950 743.88 5.47 5.23 Housing Development Finance Corporation Limited - Warrants

Finance 468,235 704.46 5.18 4.95

Tata Consultancy Services Limited

Software 51,800 613.26 4.51 4.31

Eicher Motors Limited Auto 39,383 529.43 3.89 3.72 Grasim Industries Limited Textile Products 19,836 487.35 3.58 3.42 Standard Chartered Bank PLC IDR

Banks 419,412 471.63 3.47 3.31

Axis Bank Limited Banks 33,259 466.91 3.43 3.28 Bharat Heavy Electricals Limited

Industrial Capital Goods

21,150 436.25 3.21 3.06

Tata Steel Limited Ferrous Metals 69,850 434.64 3.19 3.05 Bajaj Electricals Limited Consumer Durables 183,723 430.83 3.17 3.03 ICICI Bank Limited Banks 34,500 385.09 2.83 2.70 Hindalco Industries Limited Non - Ferrous Metals 165,000 345.10 2.54 2.42 LIC Housing Finance Limited Finance 144,160 325.95 2.40 2.29




Bank of Baroda Banks 31,700 305.86 2.25 2.15

Wipro Limited Software 63,200 303.49 2.23 2.13

State Bank of India Banks 10,950 302.80 2.23 2.13



Cairn India Limited Oil 83,800 294.10 2.16 2.07

Dr. Reddy's Laboratories Limited

Pharmaceuticals 17,800 291.75 2.14 2.05


7,873 291.03 2.14 2.04


Finance 36,800 285.64 2.10 2.01

Action Construction Equipment Limited


613,481 264.41 1.94 1.86

Asian Paints Limited Consumer Non Durables

10,200 257.63 1.89 1.81

Simplex Projects Limited Construction 127,600 181.83 1.34 1.28 Sanghvi Movers Limited Industrial Capital

Goods 130,096 148.44 1.09 1.04

Claris Lifesciences Limited Pharmaceuticals 82,850 144.49 1.06 1.01 HDFC Bank Limited Banks 1,360 31.90 0.23 0.22 Sub Total: 13,198.88 96.99 92.70 (Cost : 11737.91)b) Unlisted NIL NIL NIL Total: 13,198.88 96.99 92.70(Cost : 11737.91)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation

- 1,038.99 7.63 7.30

Sub Total: 1,038.99 7.63 7.30 (Cost : 1038.99)Total: 14,237.87 104.62 100.00 (Cost : 12776.90)Net Current Assets (629.13) (4.62)Net Assets 13,608.74 100.00

JM NIFTY PLUs FUND Rs. In lakhs


% age to NAV


Value of Investment

EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock ExchangeReliance Industries Limited Petroleum Products 9,633 101.06 8.33 8.77

66


Infosys Technologies Limited Software 2,741 88.84 7.34 7.70 ICICI Bank Limited Banks 6,547 73.08 6.03 6.34 ITC Limited Consumer Non

Durables 30,157 54.92 4.53 4.76

Housing Development Finance Corporation Limited

Finance 7,383 51.77 4.27 4.49

Larsen & Toubro Limited Construction Project 3,038 50.18 4.14 4.36 HDFC Bank Limited Banks 2,024 47.48 3.92 4.12 State Bank of India Banks 1,466 40.54 3.35 3.52 Tata Consultancy Services Limited

Software 2,888 34.19 2.82 2.97

Tata Motors Limited Auto 1,988 24.82 2.05 2.16 Bharti Airtel Limited Telecom - Services 6,867 24.54 2.03 2.13 Tata Steel Limited Ferrous Metals 3,739 23.27 1.92 2.02 Oil & Natural Gas Corporation Limited

Oil 7,672 22.35 1.85 1.94

Axis Bank Limited Banks 1,461 20.51 1.69 1.78 Mahindra & Mahindra Limited Auto 2,696 18.88 1.56 1.64 Bharat Heavy Electricals Limited


898 18.52 1.53 1.61

Hindustan Unilever Limited Consumer Non Durables

5,927 17.02 1.41 1.48

Jindal Steel & Power Limited Ferrous Metals 2,208 15.40 1.27 1.34




NTPC Limited Power 7,267 14.03 1.16 1.22


Tata Power Company Limited Power 920 12.28 1.01 1.07

GAIL (India) Limited Gas 2,554 11.85 0.98 1.03


Pharmaceuticals 715 11.72 0.97 1.02

Bajaj Auto Limited Auto 769 11.25 0.93 0.98

Maruti Suzuki India Limited Auto 752 9.49 0.78 0.82 Sun Pharmaceuticals Industries Limited


Infrastructure Development Finance Company Limited

Finance 6,039 9.34 0.77 0.81

Cipla Limited Pharmaceuticals 2,885 9.28 0.77 0.81 Kotak Mahindra Bank Limited Banks 2,009 9.20 0.76 0.80 Punjab National Bank Banks 757 9.18 0.76 0.80 Grasim Industries Limited Textile Products 361 8.87 0.73 0.77 Cairn India Limited Oil 2,469 8.66 0.72 0.75 Hero Honda Motors Limited Auto 543 8.63 0.71 0.75 Power Grid Corporation of India Limited

Power 8,050 8.20 0.68 0.71

Siemens Limited Industrial Capital Goods

860 7.58 0.63 0.66

Ambuja Cements Limited Cement 4,676 6.89 0.57 0.60 HCL Technologies Limited Software 1,370 6.55 0.54 0.57 Sesa Goa Limited Minerals/Mining 2,164 6.30 0.52 0.55 Jaiprakash Associates Limited Construction 6,533 6.06 0.50 0.53 ACC Limited Cement 553 5.94 0.49 0.52 Steel Authority of India Limited Ferrous Metals 3,331 5.65 0.47 0.49 DLF Limited Construction 2,062 5.54 0.46 0.48 Reliance Infrastructure Limited Power 795 5.49 0.45 0.48 Bharat Petroleum Corporation Limited

Petroleum Products 734 4.49 0.37 0.39

Reliance Power Limited Power 3,122 4.07 0.34 0.35 Reliance Communications Limited

Telecom - Services 3,772 4.06 0.34 0.35

Ranbaxy Laboratories Limited Pharmaceuticals 867 3.86 0.32 0.34 Reliance Capital Limited Finance 641 3.74 0.31 0.32 Sub Total: 998.17 82.42 86.67 (Cost : 694.28)b) Unlisted NIL NIL NIL Total: 998.17 82.42 86.67(Cost : 694.28)DEBT INSTRUMENTS

a) Listed/Awaiting Listing On Stock ExchangeDr. Reddy's Laboratories Limited **

LAA+ 4,290 0.21 0.02 0.02

Sub Total: 0.21 0.02 0.02 (Cost : 0.00$)b) Privately Placed / Unlisted

NIL NIL NIL

Total: 0.21 0.02 0.02 (Cost : 0.00$)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation

- 153.27 12.65 13.31

Sub Total: 153.27 12.65 13.31 (Cost : 153.27)Total: 1,151.65 95.09 100.00 (Cost : 847.55)Net Current AssetsCash & Bank Balances 0.01 0.00^Margin Money placed in Cash (Futures & Options)

60.00 4.95

Other Net Current Assets (0.49) (0.04)Total 59.52 4.91 Net Assets 1,211.17 100.00

** Thinly Traded/ Non Traded, ^ Less than 0.01 %, $ Less than Rs.1,00,000/-

JM sMALL & MID-CAP FUND Rs. In lakhs


% age to NAV


Value of Investment

EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock ExchangeReliance Industries Limited Petroleum Products 23,750 249.16 6.21 6.14 Tata Motors Limited Auto 17,250 215.34 5.36 5.30 Larsen & Toubro Limited Construction Project 12,450 205.66 5.12 5.06 Infosys Technologies Limited Software 6,270 203.23 5.06 5.00 Action Construction Equipment Limited


451,682 194.67 4.84 4.79

Eicher Motors Limited Auto 13,530 181.88 4.53 4.48 Cairn India Limited Oil 51,600 181.09 4.51 4.46 Tata Consultancy Services Limited

Software 14,000 165.75 4.12 4.08

Axis Bank Limited Banks 9,250 129.86 3.23 3.20 HDFC Bank Limited Banks 5,350 125.50 3.12 3.09 Bajaj Electricals Limited Consumer Durables 52,200 122.41 3.05 3.01 Tata Steel Limited Ferrous Metals 19,500 121.34 3.02 2.99 Bharat Heavy Electricals Limited


5,825 120.15 2.99 2.96

JSW Steel Limited Ferrous Metals 13,000 119.12 2.96 2.93 ICICI Bank Limited Banks 9,900 110.50 2.75 2.72 ACC Limited Cement 9,800 105.31 2.62 2.59














3,150 79.56 1.98 1.96

67



1,839 67.98 1.69 1.67

Simplex Projects Limited Construction 44,613 63.57 1.58 1.56 Sub Total: 3,623.14 90.15 89.19 (Cost : 3431.47)b) Unlisted NIL NIL NIL Total: 3,623.14 90.15 89.19(Cost : 3431.47)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation

- 439.12 10.93 10.81


JM MID CAP FUND Rs. In lakhs


% age to NAV


Value of Investment

EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock ExchangeReliance Industries Limited Petroleum Products 4,450 46.68 6.12 5.99 Larsen & Toubro Limited Construction Project 2,400 39.65 5.19 5.07 Tata Motors Limited Auto 3,150 39.32 5.15 5.04 Infosys Technologies Limited Software 1,200 38.90 5.09 4.99 Tata Consultancy Services Limited

Software 2,700 31.97 4.19 4.10


828 30.61 4.01 3.92


1,150 29.05 3.80 3.72

Eicher Motors Limited Auto 2,050 27.56 3.61 3.53 Action Construction Equipment Limited


63,370 27.31 3.58 3.50

Bajaj Electricals Limited Consumer Durables 10,636 24.94 3.27 3.20 PTC India Limited Power 29,800 24.85 3.25 3.19 Axis Bank Limited Banks 1,700 23.87 3.13 3.06 Tata Steel Limited Ferrous Metals 3,600 22.40 2.93 2.87 Bharat Heavy Electricals Limited


1,075 22.17 2.90 2.84

ACC Limited Cement 2,000 21.49 2.81 2.76 ICICI Bank Limited Banks 1,800 20.09 2.63 2.58


Finance 2,570 19.95 2.61 2.56

JSW Steel Limited Ferrous Metals 2,150 19.70 2.58 2.53


Hindustan Petroleum Corporation Limited

Petroleum Products 4,750 16.94 2.22 2.17






State Bank of India Banks 575 15.90 2.08 2.04


Mahindra & Mahindra Limited Auto 2,250 15.76 2.06 2.02 Bajaj Auto Limited Auto 1,075 15.73 2.06 2.02 Cairn India Limited Oil 4,350 15.27 2.00 1.96 Power Finance Corporation Limited

Finance 6,000 15.00 1.96 1.92


Pharmaceuticals 900 14.75 1.93 1.89

Satyam Computer Services Limited

Software 22,400 14.72 1.93 1.89

Ranbaxy Laboratories Limited Pharmaceuticals 3,250 14.48 1.90 1.86 Sub Total: 747.57 97.91 95.85 (Cost : 692.51)b) Unlisted NIL NIL NIL Total: 747.57 97.91 95.85(Cost : 692.51)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation

- 32.34 4.24 4.15

Sub Total: 32.34 4.24 4.15 (Cost : 32.34)Total: 779.91 102.15 100.00 (Cost : 724.85)Net Current Assets (16.38) (2.15)Net Assets 763.53 100.00

JM LARGE CAP FUND Rs. In lakhs


% age to NAV


Value of Investment

EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock ExchangeReliance Industries Limited Petroleum Products 4,455 46.74 9.29 9.21 ICICI Bank Limited Banks 3,200 35.72 7.10 7.03 Larsen & Toubro Limited Construction Project 2,130 35.19 6.99 6.93 Infosys Technologies Limited Software 1,000 32.41 6.44 6.38 ITC Limited Consumer Non

Durables 17,800 32.41 6.44 6.38

HDFC Bank Limited Banks 1,360 31.90 6.34 6.28 Bharat Heavy Electricals Limited


1,480 30.53 6.07 6.01

State Bank of India Banks 966 26.71 5.31 5.26 Wipro Limited Software 5,349 25.69 5.10 5.06 Tata Steel Limited Ferrous Metals 4,100 25.51 5.07 5.02 Tata Consultancy Services Limited

Software 1,800 21.31 4.23 4.20

Tata Motors Limited Auto 1,425 17.79 3.53 3.50 Jindal Steel & Power Limited Ferrous Metals 2,400 16.74 3.33 3.30 Bajaj Auto Limited Auto 1,085 15.88 3.15 3.13 Oil & Natural Gas Corporation Limited

Oil 5,200 15.15 3.01 2.98

Eicher Motors Limited Auto 900 12.10 2.40 2.38

Reliance Infrastructure Limited Power 1,630 11.25 2.23 2.22



Ranbaxy Laboratories Limited Pharmaceuticals 2,160 9.62 1.91 1.89


Axis Bank Limited Banks 450 6.32 1.26 1.24

Mahindra & Mahindra Limited Auto 650 4.55 0.90 0.90

Grasim Industries Limited Textile Products 135 3.32 0.66 0.65

Sub Total: 476.02 94.57 93.72 (Cost : 438.02)b) Unlisted NIL NIL NIL Total: 476.02 94.57 93.72(Cost : 438.02)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation

- 31.88 6.33 6.28


68


JM BAsIC FUND Rs. In lakhs


% age to NAV


Value of Investment

EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock ExchangeHDFC Bank Limited Banks 69,000 1,618.64 6.85 6.69 Reliance Industries Limited Petroleum Products 152,800 1,603.02 6.78 6.62 Larsen & Toubro Limited Construction Project 80,232 1,325.35 5.60 5.47 Tata Motors Limited Auto 95,215 1,188.62 5.03 4.91 ICICI Bank Limited Banks 88,000 982.26 4.15 4.06 Cairn India Limited Oil 261,000 915.98 3.87 3.79 Sterlite Industries ( India ) Limited


Tata Steel Limited Ferrous Metals 140,222 872.53 3.69 3.61 Reliance Infrastructure Limited Power 126,214 870.81 3.68 3.60 Mahindra & Mahindra Limited Auto 119,400 836.22 3.54 3.46 Jaiprakash Associates Limited Construction 881,000 817.57 3.46 3.38 JSW Steel Limited Ferrous Metals 85,970 787.74 3.33 3.26 Mahindra & Mahindra Financial Services Limited

Finance 98,197 762.21 3.22 3.15


Finance 490,200 757.85 3.20 3.13

Axis Bank Limited Banks 53,020 744.32 3.15 3.08 LIC Housing Finance Limited Finance 305,025 689.66 2.92 2.85

JSW Energy Limited Power 952,120 682.19 2.88 2.82

Bharat Heavy Electricals Limited


30,585 630.86 2.67 2.61

IFCI Limited Finance 1,157,300 608.74 2.57 2.52


Crompton Greaves Limited Industrial Capital Goods

206,006 561.88 2.38 2.32



1,285,124

553.89 2.34 2.29


Nitesh Estates Limited Construction 1,945,309

520.37 2.20 2.15



Finance 195,549 488.77 2.07 2.02

Jindal Steel & Power Limited Ferrous Metals 67,500 470.68 1.99 1.95 Sanghvi Movers Limited Industrial Capital

Goods 346,952 395.87 1.67 1.64

Diamond Power Infra Ltd Industrial Products 209,500 322.21 1.36 1.33 KEC International Limited Power 374,965 309.72 1.31 1.28 Greenply Industries Limited - Warrants

Consumer Non Durables

106,558 208.85 0.88 0.86

Jyoti Structures Limited Power 205,144 171.50 0.73 0.71 Simplex Projects Limited Construction 98,575 140.47 0.59 0.58 Claris Lifesciences Limited Pharmaceuticals 32,250 56.24 0.24 0.23 Reliance Industries Limited * Petroleum Products 12,492 18.57 0.08 0.08 Less: Provision (18.57) (0.08) (0.08)Sub Total: 23,393.10 98.91 96.70 (Cost : 23239.63)b) Unlisted NIL NIL NIL Total: 23,393.10 98.91 96.70(Cost : 23239.63)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation

- 799.53 3.38 3.30

Sub Total: 799.53 3.38 3.30 (Cost : 799.53)Total: 24,192.63 102.29 100.00 (Cost : 24039.16)Net Current Assets

Cash & Bank Balances 27.87 0.12 Margin Money placed in Cash (Futures & Options)

116.00 0.49

Other Net Current Assets (686.14) (2.90)Net Assets 23,650.36 100.00

* NPA

JM EMERGING LEADERs FUND Rs. In lakhs


% age to NAV


Value of Investment

EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock ExchangeHousing Development Finance Corporation Limited - Warrants

Finance 632,910 952.21 7.06 6.98

Yes Bank Limited Banks 243,150 752.79 5.58 5.51 Godawari Power And Ispat limited

Ferrous Metals 397,497 698.40 5.19 5.12

SKF India Limited Industrial Products 118,451 682.22 5.06 5.01 Opto Circuits (India) Limited Pharmaceuticals 226,552 624.15 4.63 4.58 United Phosphorus Limited Pesticides 414,400 619.32 4.60 4.55 Action Construction Equipment Limited


1,421,797 612.79 4.55 4.50

Raymond Limited Textile Products 189,358 603.20 4.48 4.43 Dewan Housing Finance Corporation Limited

Finance 206,770 554.35 4.12 4.07

MphasiS Limited Software 129,490 537.71 3.99 3.95 Pantaloon Retail (India) Limited

Retailing 204,392 528.76 3.93 3.88

Dhanlaxmi Bank Limited Banks 457,000 517.32 3.84 3.80 JSW Steel Limited Ferrous Metals 53,200 487.47 3.62 3.58 Dish TV India Limited Media &

Entertainment 696,050 467.05 3.47 3.43

Sintex Industries Limited Industrial Products 302,024 458.77 3.41 3.37 Nitesh Estates Limited Construction 1,671,249 447.06 3.32 3.28


IFCI Limited Finance 824,900 433.90 3.22 3.18

HEG Limited Industrial Products 200,000 426.70 3.17 3.13

Jubilant Life Sciences Limited Pharmaceuticals 243,900 402.31 2.99 2.95


Kalpataru Power Transmission Limited

Power 255,391 344.39 2.56 2.53

Sundaram Finance Limited Finance 68,997 338.05 2.51 2.48

B. L. Kashyap and Sons Limited Construction 1,445,610 334.66 2.48 2.46

Jyoti Structures Limited Power 371,800 310.82 2.31 2.28

Simplex Projects Limited Construction 208,639 297.31 2.21 2.18

Claris Lifesciences Limited Pharmaceuticals 42,184 73.57 0.55 0.54 Sub Total: 13,312.39 98.84 97.70 (Cost : 12537.78)b) Unlisted NIL NIL NIL Total: 13,312.39 98.84 97.70(Cost : 12537.78)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation

- 313.12 2.32 2.30

Sub Total: 313.12 2.32 2.30 (Cost : 313.12)Total: 13,625.51 101.16 100.00 (Cost : 12850.90)Net Current AssetsCash & Bank Balances 28.88 0.21 Margin Money placed in Cash (Futures & Options)

270.00 2.00


69


JM CORE 11 FUND sERIEs 1 Rs. In lakhs


% age to NAV


Value of Investment


a) Listed/Awaiting Listing On Stock Exchange

ICICI Bank Limited Banks 68,020 759.24 9.47 9.42



Reliance Infrastructure Limited Power 108,155 746.22 9.32 9.27

Infosys Technologies Limited Software 22,860 740.96 9.26 9.20


Tata Steel Limited Ferrous Metals 118,500 737.37 9.21 9.16



PTC India Limited Power 826,500 689.30 8.61 8.56

Diamond Power Infra Ltd Industrial Products 441,306 678.73 8.48 8.43

Sintex Industries Limited Industrial Products 431,156 654.93 8.18 8.13

Sub Total: 7,942.37 99.21 98.61

(Cost : 7929.67)

b) Unlisted NIL NIL NIL

Total: 7,942.37 99.21 98.61

(Cost : 7929.67)

MONEY MARKET INSTRUMENTS

Collateralised Borrowing & Lending Obligation

- 111.75 1.40 1.39

Sub Total: 111.75 1.40 1.39

(Cost : 111.75)

Total: 8,054.12 100.61 100.00

(Cost : 8041.42)

Net Current Assets (48.85) (0.61)

Net Assets 8,005.27 100.00

JM TELECOM sECTOR FUND Rs. In lakhs


% age to NAV


Value of Investment




Idea Cellular Limited Telecom - Services 51,800 34.94 9.53 9.04

Reliance Communications Limited


Sub Total: 231.99 63.31 60.04

(Cost : 231.48)

b) Unlisted NIL NIL NIL

Total: 231.99 63.31 60.04

(Cost : 231.48)



- 154.41 42.13 39.96

Sub Total: 154.41 42.13 39.96

(Cost : 154.41)

Total: 386.40 105.44 100.00

(Cost : 385.89)


Net Assets 366.48 100.00

JM TAx GAIN FUND Rs. In lakhs


% age to NAV


Value of Investment

EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock ExchangeEicher Motors Limited Auto 40,550 545.11 9.51 9.78 Tata Steel Limited Ferrous Metals 53,350 331.97 5.80 5.95 Infosys Technologies Limited Software 9,800 317.65 5.54 5.70 LIC Housing Finance Limited Finance 129,250 292.23 5.09 5.24 Axis Bank Limited Banks 19,950 280.07 4.88 5.02 Larsen & Toubro Limited Construction Project 16,475 272.15 4.74 4.88 Bajaj Auto Limited Auto 17,200 251.68 4.39 4.51 Tata Motors Limited Auto 18,080 225.70 3.93 4.05 Hindalco Industries Limited Non - Ferrous Metals 107,000 223.79 3.90 4.01 ICICI Bank Limited Banks 19,700 219.89 3.83 3.94 Housing Development Finance Corporation Limited - Warrants

Finance 139,265 209.52 3.65 3.76



10,100 208.33 3.63 3.74

United Spirits Limited Consumer Non Durables

20,170 206.70 3.60 3.71

Opto Circuits (India) Limited Pharmaceuticals 67,400 185.69 3.24 3.33 Standard Chartered Bank PLC IDR

Banks 161,313 181.40 3.16 3.25



397,500 171.32 2.99 3.07

KPIT Cummins Infosystems Limited

Software 99,980 168.22 2.93 3.02

Piramal Healthcare Limited Pharmaceuticals 40,000 166.72 2.91 2.99


60,000 163.65 2.85 2.93


Patni Computer Systems Limited

Software 28,000 133.57 2.33 2.39

Kotak Mahindra Bank Limited Banks 20,110 92.07 1.61 1.65

Dewan Housing Finance Corporation Limited

Finance 32,373 86.79 1.51 1.56

Divi's Laboratories Limited Pharmaceuticals 12,224 82.51 1.44 1.48


Whirlpool of India Limited Consumer Durables 25,000 66.40 1.16 1.19


- 267.39 4.66 4.79


JM AGRI & INFRA FUND Rs. In lakhs


% age to NAV


Value of Investment

EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock ExchangeReliance Industries Limited Petroleum Products 61,870 649.08 7.55 7.39

70


HDFC Bank Limited Banks 23,000 539.55 6.28 6.15 Larsen & Toubro Limited Construction Project 32,425 535.63 6.23 6.09 Tata Motors Limited Auto 38,700 483.11 5.62 5.49 Tata Steel Limited Ferrous Metals 68,693 427.44 4.97 4.86 ICICI Bank Limited Banks 34,250 382.30 4.45 4.35 Reliance Infrastructure Limited Power 53,580 369.68 4.30 4.20 JSW Steel Limited Ferrous Metals 38,510 352.87 4.11 4.01 Mahindra & Mahindra Limited Auto 45,000 315.16 3.67 3.58 Sterlite Industries ( India ) Limited


Sanghvi Movers Limited Industrial Capital Goods

256,110 292.22 3.40 3.32



675,700 291.23 3.39 3.31

Jaiprakash Associates Limited Construction 312,500 290.00 3.37 3.30 Infrastructure Development Finance Company Limited

Finance 185,250 286.40 3.33 3.26


Finance 35,865 278.38 3.24 3.17




11,505 237.31 2.76 2.70



81,500 222.29 2.59 2.53



Finance 84,000 209.96 2.44 2.39

Supreme Infrastructure India Limited

Construction 95,993 203.46 2.37 2.31



Cairn India Limited Oil 50,813 178.33 2.07 2.03



Claris Lifesciences Limited Pharmaceuticals 84,300 147.02 1.71 1.67

Axis Bank Limited Banks 3,750 52.64 0.61 0.60

Voltas Limited Construction Project 200 0.37 0.00^ 0.00^


- 324.73 3.78 3.69


^ Less than 0.01%

JM HI FI FUND Rs. In lakhs


% age to NAV


Value of Investment

EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock ExchangeReliance Industries Limited Petroleum Products 6,200 65.04 7.87 7.77 HDFC Bank Limited Banks 2,260 53.02 6.42 6.34 ICICI Bank Limited Banks 4,600 51.35 6.22 6.14 Larsen & Toubro Limited Construction Project 2,725 45.01 5.45 5.38 Action Construction Equipment Limited


95,800 41.29 5.00 4.94

Tata Motors Limited Auto 3,260 40.70 4.93 4.87 Tata Steel Limited Ferrous Metals 6,540 40.70 4.93 4.87 Reliance Infrastructure Limited Power 4,950 34.15 4.14 4.08 Housing Development Finance Corporation Limited - Warrants

Finance 22,200 33.40 4.05 3.99

Supreme Infrastructure India Limited

Construction 15,000 31.79 3.85 3.80


Finance 12,650 31.62 3.83 3.78


Finance 19,800 30.61 3.71 3.66

Mahindra & Mahindra Limited Auto 4,200 29.41 3.56 3.52 Axis Bank Limited Banks 2,032 28.53 3.46 3.41 Jaiprakash Associates Limited Construction 30,000 27.84 3.37 3.33 Mahindra & Mahindra Financial Services Limited

Finance 3,500 27.17 3.29 3.25










1,000 20.63 2.50 2.47


7,500 20.46 2.48 2.45



Sub Total: 821.79 99.53 98.28 (Cost : 820.43)b) Unlisted NIL NIL NIL Total: 821.79 99.53 98.28(Cost : 820.43)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation

- 14.34 1.74 1.72


JM FINANCIAL sERVICEs sECTOR FUND Rs. In lakhs


% age to NAV


Value of Investment

EQUITY & EQUITY RELATEDa) Listed/Awaiting Listing On Stock ExchangeAxis Bank Limited Banks 10,685 150.00 8.85 8.47

ICICI Bank Limited Banks 13,300 148.45 8.75 8.38

HDFC Bank Limited Banks 6,252 146.66 8.65 8.28

Punjab National Bank Banks 11,700 141.89 8.36 8.01



Housing Development Finance Corporation Limited - Warrants

Finance 68,450 102.98 6.07 5.81

Standard Chartered Bank PLC IDR

Banks 69,578 78.24 4.61 4.42

Sub Total: 1,046.69 61.70 59.10 (Cost : 942.63)b) Unlisted NIL NIL NIL Total: 1,046.69 61.70 59.10(Cost : 942.63)

71


MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation

- 724.39 42.70 40.90


JM HIGH LIQUIDITY FUND Rs. In lakhs


% age to NAV


Value of Investment

DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock Exchange

NIL NIL NIL

b) Privately Placed / Unlisted

NIL NIL NIL

MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)The Jammu & Kashmir Bank Limited CD**

P1+ 10,000 9,989.74 18.43 18.38

Allahabad Bank CD** P1+ 10,000 9,788.02 18.05 18.00 RHC Holding Private Limited CP**

A1+ 1,240 6,047.58 11.15 11.12

Reliance Capital Limited CP** A1+ 1,061 5,257.07 9.69 9.67 Bank of Maharashtra CD** P1+ 5,000 4,995.12 9.21 9.19 Edelweiss Capital Limited CP** P1+ 1,000 4,940.34 9.11 9.09 UCO Bank CD** P1+ 5,000 4,885.02 9.01 8.99 Religare Finvest Limited CP** A1+ 500 2,461.51 4.54 4.53 HDFC Bank Limited CD** PR1+ 2,500 2,451.98 4.52 4.51 Indian Overseas Bank CD** A1+ 2,500 2,450.78 4.52 4.51 Sub Total: 53,267.16 98.23 97.99(Cost : 52915.99)Collateralised Borrowing & Lending Obligation

- 1,090.29 2.01 2.01

Sub Total: 1,090.29 2.01 2.01 (Cost : 1090.29)Total: 54,357.45 100.24 100.00 (Cost : 54006.28)Net Current Assets (131.60) (0.24)Net Assets 54,225.85 100.00

** Thinly Traded/ Non Traded.

JM MONEY MANAGER FUND - sUPER PLUs PLAN Rs. In lakhs


% age to NAV


Value of Investment

DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock ExchangeUnion Bank of India ** AAA 210 2,076.49 5.10 5.26 Axis Bank Limited ** LAAA 131 1,297.20 3.19 3.29 ICICI Bank Limited ** AAA 3,103 307.76 0.76 0.78 Sub Total: 3,681.45 9.05 9.33 (Cost : 3716.51)b) Privately Placed / UnlistedDeccan Chronicle Holdings Limited **

PR1+ 750 7,478.76 18.37 18.95

Sub Total: 7,478.76 18.37 18.95 (Cost : 7500.00)Total: 11,160.21 27.42 28.28

(Cost : 11216.51)MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)Edelweiss Capital Limited CP** P1+ 1,500 7,410.51 18.20 18.78 State Bank of Mysore CD** A1+ 5,000 4,993.97 12.27 12.66 Bank of India CD** P1+ 5,000 4,910.09 12.06 12.44

Dhanlaxmi Bank Limited CD** P1+ 5,000 4,879.19 11.99 12.36

UCO Bank CD** P1+ 2,500 2,450.65 6.02 6.21 Religare Securities Limited CP**

P1+ 260 1,280.97 3.15 3.25

RHC Holding Private Limited CP**

A1+ 260 1,268.04 3.12 3.21

Treasury Bills91 Days Treasury Bill - 10/06/2011 **

SOV 1,000,000

986.30 2.42 2.50

Sub Total: 28,179.72 69.23 71.41(Cost : 28049.26)Collateralised Borrowing & Lending Obligation

- 122.58 0.30 0.31

Sub Total: 122.58 0.30 0.31 (Cost : 122.58)Total: 39,462.51 96.95 100.00 (Cost : 39388.35)Net Current Assets 1,240.41 3.05 Net Assets 40,702.92 100.00


JM MONEY MANAGER FUND - sUPER PLAN Rs. In lakhs


% age to NAV


Value of Investment

DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock ExchangeUnion Bank of India ** AAA 1 9.89 0.06 0.06 Sub Total: 9.89 0.06 0.06 (Cost : 10.00)b) Privately Placed / Unlisted

NIL NIL NIL

Total: 9.89 0.06 0.06 (Cost : 10.00)MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)Bank of India CD** P1+ 5,000 4,895.91 31.90 31.95 Edelweiss Capital Limited CP** P1+ 500 2,470.17 16.09 16.12 Axis Bank Limited CD** P1+ 2,500 2,451.60 15.97 15.99 RHC Holding Private Limited CP**

A1+ 480 2,341.00 15.25 15.27

Punjab National Bank CD** PR1+ 1,700 1,663.88 10.84 10.85 Canara Bank CD** P1+ 1,100 1,084.34 7.06 7.07 Central Bank of India CD** PR1+ 100 98.58 0.64 0.64 Religare Finvest Limited CP** A1+ 20 98.54 0.64 0.64

State Bank of Mysore CD** A1+ 70 64.76 0.42 0.42

Vijaya Bank CD** PR1+ 50 49.14 0.32 0.32 Sub Total: 15,217.92 99.13 99.27(Cost : 15195.34)Collateralised Borrowing & Lending Obligation

- 102.94 0.67 0.67

Sub Total: 102.94 0.67 0.67 (Cost : 102.94)Total: 15,330.75 99.86 100.00 (Cost : 15308.28)Net Current Assets 21.16 0.14

Net Assets 15,351.91 100.00 ** Thinly Traded/ Non Traded.

72


JM MONEY MANAGER FUND - REGULAR PLAN Rs. In lakhs


% age to NAV


Value of Investment

DEBT INSTRUMENTS


Union Bank of India ** AAA 1 9.89 0.08 0.08

Sub Total: 9.89 0.08 0.08

(Cost : 10.00)


NIL NIL NIL

Total: 9.89 0.08 0.08

(Cost : 10.00)


Certificate of Deposit (CD) / Commercial Paper (CP)

Punjab National Bank CD** PR1+ 2,500 2,465.39 19.05 19.07

Yes Bank Limited CD** A1+ 2,500 2,465.30 19.05 19.07

Edelweiss Securities Private Limited CP**

P1+ 500 2,461.53 19.02 19.04

Religare Finvest Limited CP** A1+ 500 2,461.51 19.02 19.04

UCO Bank CD** P1+ 1,875 1,849.00 14.28 14.30

Central Bank of India CD** PR1+ 750 739.31 5.71 5.72

ING Vysya Bank Limited CD** P1+ 400 394.36 3.05 3.05

Sub Total: 12,836.40 99.18 99.29

(Cost : 12698.58)


- 81.83 0.63 0.63

Sub Total: 81.83 0.63 0.63

(Cost : 81.83)

Total: 12,928.12 99.89 100.00

(Cost : 12790.41)

Net Current Assets 14.13 0.11

Net Assets 12,942.25 100.00 ** Thinly Traded/ Non Traded.

JM FLOATER FUND- LONG TERM PLAN Rs. In lakhs


% age to NAV


Value of Investment

DEBT INSTRUMENTS


NIL NIL NIL


NIL NIL NIL



Religare Finvest Limited CP** A1+ 40 197.07 21.58 21.59

Sub Total: 197.07 21.58 21.59

(Cost : 196.41)


- 715.61 78.34 78.41

Sub Total: 715.61 78.34 78.41

(Cost : 715.61)

Total: 912.68 99.92 100.00

(Cost : 912.02)

Net Current Assets 0.70 0.08

Net Assets 913.38 100.00 ** Thinly Traded/ Non Traded.

JM FLOATER FUND - sHORT TERM PLAN Rs. In lakhs


% age to NAV


Value of Investment


NIL NIL NIL


NIL NIL NIL

MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)UCO Bank CD** P1+ 35 34.22 14.37 14.36 UCO Bank CD** P1+ 25 24.65 10.35 10.35 Sub Total: 58.87 24.72 24.71(Cost : 58.85)Collateralised Borrowing & Lending Obligation

- 179.40 75.31 75.29



JM MIP FUND Rs. In lakhs


% age to NAV


Value of Investment

DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock ExchangeReliance Industries Limited Petroleum Products 3,525 36.98 5.59 5.53 JSW Steel Limited Ferrous Metals 3,675 33.67 5.08 5.04 Bajaj Auto Limited Auto 2,075 30.36 4.58 4.54 McDowell Holdings Limited Finance 200 0.22 0.03 0.03 Sub Total: 101.23 15.28 15.14 (Cost : 101.44)b) Unlisted NIL NIL NIL Total: 101.23 15.28 15.14(Cost : 101.44)DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock ExchangeAxis Bank Limited ** LAAA 7 69.32 10.46 10.37 Shriram Transport Finance Company Limited **

AA+ 6,596 65.85 9.94 9.85

Britannia Industries Limited ** AAA 10,000 16.62 2.51 2.49 Sub Total: 151.79 22.91 22.71 (Cost : 154.98)b) Privately Placed / Unlisted

NIL NIL NIL

Total: 151.79 22.91 22.71 (Cost : 154.98)MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)Central Bank of India CD** PR1+ 150 147.86 22.32 22.12 Vijaya Bank CD** PR1+ 150 147.42 22.26 22.05 RHC Holding Private Limited CP**

A1+ 20 97.54 14.73 14.59

Sub Total: 392.82 59.31 58.76(Cost : 392.55)Collateralised Borrowing & Lending Obligation

- 22.65 3.42 3.39

73




JM INTERVAL FUND - QUARTERLY PLAN 1 Rs. In lakhs


% age to NAV


Value of Investment


NIL NIL NIL


NIL NIL NIL

MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)Vijaya Bank CD** PR1+ 800 786.26 28.21 28.20 Punjab National Bank CD** PR1+ 800 783.00 28.10 28.08 Allahabad Bank CD** P1+ 700 684.83 24.58 24.56 Bank of Maharashtra CD** P1+ 500 489.74 17.58 17.56 Sub Total: 2,743.83 98.47 98.40(Cost : 2737.74)Collateralised Borrowing & Lending Obligation

- 44.50 1.60 1.60



JM FIxED MATURITY FUND sERIEs xIx - PLAN A Rs. In lakhs


% age to NAV


Value of Investment

DEBT INSTRUMENTS


NIL NIL NIL


NIL NIL NIL



Bank of India CD** P1+ 3,000 2,776.00 25.12 25.11

IDBI Bank Limited CD** P1+ 3,000 2,776.00 25.12 25.11

Punjab National Bank CD** PR1+ 3,000 2,776.00 25.12 25.11

State Bank of Mysore CD** A1+ 2,930 2,710.58 24.53 24.53

Sub Total: 11,038.58 99.89 99.86

(Cost : 10853.48)


- 15.88 0.14 0.14

Sub Total: 15.88 0.14 0.14

(Cost : 15.88)

Total: 11,054.46 100.03 100.00

(Cost : 10869.36)


Net Assets 11,051.35 100.00


JM FIxED MATURITY FUND sERIEs xIx - PLAN B Rs. In lakhs


% age to NAV


Value of Investment


NIL NIL NIL


NIL NIL NIL

MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)ING Vysya Bank Limited CD** P1+ 1,400 1,380.27 29.17 29.13 Canara Bank CD** P1+ 1,400 1,380.07 29.17 29.12 Central Bank of India CD** PR1+ 1,400 1,380.05 29.17 29.12 UCO Bank CD** P1+ 600 591.68 12.50 12.49 Sub Total: 4,732.07 100.01 99.86(Cost : 4686.10)Collateralised Borrowing & Lending Obligation

- 6.44 0.14 0.14



JM FIxED MATURITY FUND sERIEs xIx - PLAN C Rs. In lakhs


% age to NAV


Value of Investment


NIL NIL NIL


NIL NIL NIL

MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)Dena Bank CD** P1+ 2,000 1,834.42 26.65 26.65 Oriental Bank of Commerce CD**

P1+ 2,000 1,834.42 26.65 26.65

Yes Bank Limited CD** A1+ 2,000 1,832.69 26.63 26.62 The Federal Bank Limited CD** P1+ 1,000 916.79 13.32 13.32 United Bank of India CD** A1+ 500 458.06 6.65 6.65 Sub Total: 6,876.38 99.90 99.89(Cost : 6819.09)Collateralised Borrowing & Lending Obligation

- 7.24 0.11 0.11



JM FIxED MATURITY FUND sERIEs xIx - PLAN D Rs. In lakhs


% age to NAV


Value of Investment


NIL NIL NIL

74



NIL NIL NIL

MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)Religare Finvest Limited CP** A1+ 340 1,549.35 28.36 28.36 Religare Securities Limited CP**

P1+ 340 1,549.35 28.35 28.35

Yes Bank Limited CD** A1+ 1,300 1,188.12 21.75 21.74 Canara Bank CD** P1+ 1,000 914.39 16.74 16.73 Sub Total: 5,201.21 95.20 95.18(Cost : 5126.05)Collateralised Borrowing & Lending Obligation

- 263.20 4.82 4.82



JM FIxED MATURITY FUND sERIEs xVIII - 15 MONTHs PLAN 1 Rs. In lakhs


% age to NAV


Value of Investment


NIL NIL NIL


NIL NIL NIL

MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)ING Vysya Bank Limited CD** P1+ 700 690.13 29.17 29.17 Religare Finvest Limited CP** A1+ 140 689.76 29.17 29.15 Religare Securities Limited CP**

P1+ 140 689.75 29.17 29.15

Reliance Capital Limited CP** A1+ 39 193.24 8.17 8.17 Central Bank of India CD** PR1+ 100 98.58 4.17 4.17 Sub Total: 2,361.46 99.85 99.81(Cost : 2348.31)Collateralised Borrowing & Lending Obligation

- 4.42 0.19 0.19



JM INCOME FUND Rs. In lakhs


% age to NAV


Value of Investment

DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock ExchangeUnion Bank of India ** AAA 15 148.32 12.71 12.72 Axis Bank Limited ** LAAA 12 118.83 10.18 10.19 Shriram Transport Finance Company Limited **

AA+ 1,320 13.18 1.13 1.13

Sub Total: 280.33 24.02 24.04 (Cost : 283.23)b) Privately Placed / Unlisted

HMG Industries Ltd. * - 5,000 0.00$ 0.00^ 0.00^ Sub Total: 0.00$ 0.00^ 0.00^(Cost : 0.00$)Total: 280.33 24.02 24.04 (Cost : 283.23)MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)Vijaya Bank CD** PR1+ 300 294.85 25.26 25.28 Sub Total: 294.85 25.26 25.28(Cost : 294.20)Collateralised Borrowing & Lending Obligation

- 590.95 50.63 50.68


* NPA, ** Thinly Traded/ Non Traded,^ Less than 0.01%, $ Less than Rs.1,00,000/-

JM sHORT TERM FUND Rs. In lakhs


% age to NAV


Value of Investment

DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock ExchangeShriram Transport Finance Company Limited **

AA+ 5,278 52.69 0.20 0.21

Sub Total: 52.69 0.20 0.21 (Cost : 52.78)b) Privately Placed / Unlisted

NIL NIL NIL

Total: 52.69 0.20 0.21 (Cost : 52.78)MONEY MARKET INSTRUMENTSCertificate of Deposit (CD) / Commercial Paper (CP)Edelweiss Capital Limited CP** P1+ 500 2,477.20 9.65 9.67 Axis Bank Limited CD** P1+ 2,500 2,454.86 9.55 9.58 Dhanlaxmi Bank Limited CD** P1+ 2,500 2,452.35 9.54 9.58 Punjab National Bank CD** PR1+ 2,500 2,451.11 9.54 9.57 Religare Securities Limited CP**

P1+ 500 2,448.15 9.52 9.56

Religare Finvest Limited CP** A1+ 500 2,447.83 9.52 9.56 India Infoline Investment Services Limited CP**

A1+ 500 2,447.38 9.52 9.56

Central Bank of India CD** PR1+ 2,500 2,441.22 9.50 9.52 State Bank of Bikaner and Jaipur CD**

P1+ 1,500 1,481.47 5.76 5.78

Allahabad Bank CD** P1+ 1,300 1,271.82 4.95 4.97 Vijaya Bank CD** PR1+ 1,200 1,179.40 4.59 4.61 Edelweiss Capital Limited CP** P1+ 200 975.03 3.79 3.81 UCO Bank CD** P1+ 965 943.41 3.67 3.68 Sub Total: 25,471.23 99.10 99.45(Cost : 25389.97)Collateralised Borrowing & Lending Obligation

- 86.33 0.34 0.34



75


JM G-sEC FUND - REGULAR PLAN Rs. In lakhs


% age to NAV


Value of Investment


NIL NIL NIL


NIL NIL NIL

Government Securities NIL NIL NIL MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation

- 819.73 100.68 100.00


JM ARBITRAGE ADVANTAGE FUND Rs. In lakhs


% age to NAV


Value of Investment

DEBT INSTRUMENTSa) Listed/Awaiting Listing On Stock ExchangePantaloon Retail (India) Limited

Retailing 162,500 420.39 7.39 7.74

NHPC Limited Power 1,560,000 394.68 6.94 7.25 Dena Bank Banks 356,000 370.24 6.50 6.80 Tata Teleservices (Maharashtra) Limited

Telecom - Services 1,917,000 327.81 5.76 6.02

Ruchi Soya Industries Limited Consumer Non Durables

300,000 316.95 5.56 5.82

Firstsource Solutions Limited Software 1,096,000 196.73 3.45 3.62 Television Eighteen India Limited

Media & Entertainment

200,000 155.20 2.72 2.85

The India Cements Limited Cement 158,000 151.05 2.65 2.78 Sterling Biotech Limited Pharmaceuticals 152,000 144.02 2.53 2.65 Reliance Infrastructure Limited Power 19,000 131.09 2.30 2.41 JSW Steel Limited Ferrous Metals 13,750 125.99 2.21 2.32 Jain Irrigation Systems Limited Industrial Products 66,250 118.52 2.08 2.18 ABG Shipyard Limited Industrial Capital

Goods 31,000 112.76 1.98 2.07

Alok Industries Limited Textile Products 500,000 110.75 1.94 2.04 IFCI Limited Finance 204,000 107.30 1.88 1.97 Lanco Infratech Limited Construction Project 248,000 98.08 1.72 1.80 Bank of Baroda Banks 10,000 96.49 1.69 1.77 K S Oils Limited Consumer Non

Durables 280,000 90.44 1.59 1.66

Shipping Corporation Of India Limited

Transportation 66,000 70.92 1.25 1.30

Tata Global Beverages Limited Consumer Non Durables

72,000 70.38 1.24 1.29

Bajaj Hindusthan Limited Consumer Non Durables

82,000 58.30 1.02 1.07

Mahanagar Telephone Nigam Limited


Central Bank of India Banks 28,224 39.65 0.70 0.73 Mercator Lines Limited Transportation 100,000 38.15 0.67 0.70 Orchid Chemicals & Pharmaceuticals Limited


GAIL (India) Limited Gas 7,500 34.80 0.61 0.64 Rolta India Limited Software 24,000 33.28 0.58 0.61 Shree Renuka Sugars Limited Consumer Non

Durables 44,000 30.62 0.54 0.56

Tulip Telecom Limited Telecom - Services 18,000 25.28 0.44 0.46 Cipla Limited Pharmaceuticals 6,000 19.30 0.34 0.35 SREI Infrastructure Finance Limited

Finance 21,600 9.57 0.17 0.18

BGR Energy Systems Limited Industrial Capital Goods

1,500 7.15 0.13 0.13

Sub Total: 4,000.02 70.23 73.50 (Cost : 4900.09)b) Unlisted NIL NIL NIL Total: 4,000.02 70.23 73.50(Cost : 4900.09)TERM DEPOSITS (Placed as F & O Margin)

Duration in days

HDFC Bank Limited 189 200.00 3.51 3.68 HDFC Bank Limited 98 300.00 5.27 5.51 HDFC Bank Limited 94 200.00 3.51 3.68 HDFC Bank Limited 28 180.00 3.16 3.31 Sub Total: 880.00 15.45 16.18(Cost : 880.00)MONEY MARKET INSTRUMENTSCollateralised Borrowing & Lending Obligation

- 561.87 9.86 10.32

Sub Total: 561.87 9.86 10.32 (Cost : 561.87)Total: 5,441.89 95.54 100.00 (Cost : 6341.96)Net Current AssetsCash & Bank Balances 95.16 1.67 Margin Money placed in Cash (Futures & Options)

245.00 4.30


76


Disclosure under Regulation 25(11) of SEBI (Mutual Funds) Regulations, 1996. Details of investments made in the companies which have invested more than 5% of the net assets of any schemes. Name Of Company (Investor) Scheme in which Investment is made by

the companyScheme by which Investment is made in securities of the

companyAggregate investment by scheme in securities of the company during the

specified period (Rs. in lakhs)

Aggregate Investment Outstanding as on 31st Mar,

2011. At Mkt value (Rs.in Lakhs)Bank of Baroda JM High Liquidity Fund JM High Liquidity Fund 14,876.12 -

JM Equity Tax Saver Fund - Series I 55.62 - JM Financial Services Fund 767.83 138.46 JM Arbitrage Advantage Fund 326.72 96.49 JM Contra Fund 328.14 305.86 JM Equity Fund 699.04 - JM HI FI Fund 22.99 - JM Small & Mid-Cap Fund 80.26 85.24 JM Money Manager Fund-Super Plus Plan 8,698.57 - JM Multistrategy Fund 326.04 65.61 JM Mid Cap Fund 14.99 15.92

Corporation Bank JM High Liquidity Fund JM High Liquidity Fund 32,269.81 - JM Floater Fund- Long Term Plan 498.29 - JM Money Manager Fund-Regular Plan 7,307.03 - JM Money Manager Fund-Super Plan 3,256.17 - JM Money Manager Fund-Super Plus Plan 22,198.75 -

ECL Finance Limited JM High Liquidity Fund JM High Liquidity Fund 402,899.44 - JM Arbitrage Advantage Fund 1,000.00 - JM Interval Fund - Quarterly Plan 1 600.00 - JM Short Term Fund 1,599.41 - JM Money Manager Fund-Regular Plan 6,976.64 - JM Money Manager Fund-Super Plan 9,999.31 - JM Money Manager Fund-Super Plus Plan 128,638.24 -

Grasim Industires Ltd JM Fixed Maturity Fund Series XIX - Plan C JM Basic Fund 120.52 - JM Financial Services Fund 32.78 - JM Arbitrage Advantage Fund 281.36 - JM Contra Fund 452.09 487.35 JM Equity Fund 55.28 59.83 JM Nifty Plus Fund 8.82 8.87 JM Large Cap Fund 23.15 3.32

HDFC Bank Ltd JM High Liquidity Fund JM Basic Fund 1,594.97 1,618.64 JM Money Manager Fund-Super Plus Plan JM High Liquidity Fund 13,968.70 2,451.98

JM Agri & Infra Fund 528.70 539.55 JM Financial Services Fund 764.70 146.66 JM Telecom Fund 22.53 - JM Arbitrage Advantage Fund 13,598.81 880.00 JM Contra Fund 30.01 31.90 JM Equity Fund 388.61 179.46 JM Floater Fund- Long Term Plan 482.49 - JM HI FI Fund 115.01 53.02 JM Small & Mid-Cap Fund 118.36 125.50 JM Money Manager Fund-Regular Plan 2,477.48 - JM Money Manager Fund-Super Plus Plan 16,218.88 - JM Tax Gain Fund 27.07 - JM Multistrategy Fund 63.14 68.03 JM Nifty Plus Fund 28.31 47.48 JM Large Cap Fund 63.31 31.90

ITC Limited JM High Liquidity Fund JM Basic Fund 384.18 - JM Financial Services Fund 100.31 - JM Telecom Fund 22.00 - JM Arbitrage Advantage Fund 1,755.45 - JM Balanced Fund - 72.84 JM Equity Fund 163.76 176.55 JM Tax Gain Fund 290.95 - JM Nifty Plus Fund 23.98 54.92 JM Large Cap Fund 29.93 32.41

Larsen & Toubro Limited JM High Liquidity Fund JM Basic Fund 1,795.55 1,325.35 JM High Liquidity Fund 26,033.92 - JM Agri & Infra Fund 1,150.05 535.63 JM Equity Tax Saver Fund - Series I 40.11 - JM Financial Services Fund 100.32 - JM Telecom Fund 21.83 - JM Arbitrage Advantage Fund 1,575.65 - JM Balanced Fund 179.58 76.15 JM Contra Fund 1,842.71 759.05 JM Equity Fund 6.96 167.34 JM HI FI Fund 98.94 45.01 JM Small & Mid-Cap Fund 194.20 205.66

Annexure - 2

77


Name Of Company (Investor) Scheme in which Investment is made by the company

Scheme by which Investment is made in securities of the company

Aggregate investment by scheme in securities of the company during the



2011. At Mkt value (Rs.in Lakhs)JM Money Manager Fund-Super Plus Plan 69,042.72 - JM Tax Gain Fund 485.48 272.15 JM Multistrategy Fund 208.08 109.03 JM Nifty Plus Fund 10.86 50.18 JM Large Cap Fund 12.01 35.19 JM Mid Cap Fund 37.80 39.65

Maruti Suzuki India Limited JM High Liquidity Fund JM Equity Tax Saver Fund - Series I 30.63 - JM Fixed Maturity Fund Series XIX - Plan C JM Arbitrage Advantage Fund 1,402.49 -

JM Balanced Fund 69.28 - JM Nifty Plus Fund 12.43 9.49 JM Large Cap Fund 37.19 -

State Bank Of Bikaner & Jaipur(Subsidiary of State Bank of India)

JM High Liquidity Fund 47,034.84 - JM Income Fund 197.82 - JM Short Term Fund 2,371.49 1,481.47 JM Money Manager Fund-Regular Plan 7,076.78 - JM Money Manager Fund-Super Plan 20,975.04 - JM Money Manager Fund-Super Plus Plan 48,144.27 -

State Bank Of Hyderabad(Subsidiary of State Bank of India)

JM High Liquidity Fund 5,945.36 - JM Money Manager Fund-Regular Plan 1,926.50 - JM Money Manager Fund-Super Plan 4,714.56 - JM Money Manager Fund-Super Plus Plan 16,781.53 -

State Bank Of Patiala(Subsidiary of State Bank of India)

JM High Liquidity Fund 23,439.12 - JM Money Manager Fund-Regular Plan 380.92 - JM Money Manager Fund-Super Plan 6,755.52 - JM Money Manager Fund-Super Plus Plan 73,366.77 -

State Bank of Travancore(Subsidiary of State Bank of India)

JM High Liquidity Fund 19,440.31 - JM Short Term Fund 1,471.28 - JM Money Manager Fund-Super Plan 5,526.75 - JM Money Manager Fund-Super Plus Plan 12,779.46 - JM Fixed Maturity Fund Series XIII - 18M 401.56 -

Syndicate Bank JM High Liquidity Fund JM High Liquidity Fund 110,435.14 - JM Financial Services Fund 132.73 - JM Arbitrage Advantage Fund 353.70 - JM HI FI Fund 91.35 - JM Interval Fund - Quarterly Plan 1 493.63 - JM Money Manager Fund-Super Plan 9,341.96 - JM Money Manager Fund-Super Plus Plan 193,171.95 - JM Tax Gain Fund 170.51 -

Tata Capital Ltd JM High Liquidity Fund JM High Liquidity Fund 323,417.51 - JM Arbitrage Advantage Fund 6,000.00 - JM Floater Fund - Short Term Plan 4,000.89 - JM Money Manager Fund-Super Plus Plan 509,456.49 -

Ultratech Cement Ltd(Subsidiary of Grasim Industries Ltd)

JM Arbitrage Advantage Fund 65.47 - JM Large Cap Fund 14.68 -

Union Bank Of India JM High Liquidity Fund JM High Liquidity Fund 44,705.06 - JM Financial Services Fund 147.52 - JM Arbitrage Advantage Fund 589.53 - JM Equity Fund 231.83 - JM HI FI Fund 105.11 - JM Income Fund 391.69 148.32 JM Short Term Fund 1,415.53 - JM Balanced Fund - 227.42 JM Money Manager Fund-Regular Plan 1,298.77 9.89 JM Money Manager Fund-Super Plan 6,508.32 9.89 JM Money Manager Fund-Super Plus Plan 39,740.75 2,076.49 JM Tax Gain Fund 412.41 - JM Large Cap Fund 18.95 -

Jammu & Kashmir Bank JM High Liquidity Fund JM High Liquidity Fund 19,759.48 9,989.74 JM Arbitrage Advantage Fund 5,500.00 - JM Money Manager Fund-Regular Plan 2,465.51 - JM Money Manager Fund-Super Plan 5,951.74 - JM Money Manager Fund-Super Plus Plan 48,537.10 - JM Fixed Maturity Fund Series XVI - YEARLY-1 951.48 -

Bank of India JM High Liquidity Fund JM High Liquidity Fund 9,934.11 - JM Arbitrage Advantage Fund 1,355.20 - JM Money Manager Fund-Super Plan 5,874.05 4,895.91 JM Money Manager Fund-Super Plus Plan 15,458.86 4,910.09 JM Fixed Maturity Fund Series XIX - Plan A 2,728.82 2,776.00

Bharti Airtel Limited JM High Liquidity Fund JM Basic Fund 1,050.77 490.35 JM Agri & Infra Fund 1,804.13 - JM Equity Tax Saver Fund - Series I 49.56 -

78







2011. At Mkt value (Rs.in Lakhs)JM Financial Services Fund 49.15 - JM Telecom Fund 868.44 162.39 JM Arbitrage Advantage Fund 2,371.77 - JM Balanced Fund 142.58 - JM Contra Fund 4,320.33 307.36 JM Equity Fund 369.99 85.78 JM HI FI Fund 115.27 16.98 JM MIP Fund 29.67 - JM Small & Mid-Cap Fund 80.64 85.78 JM Tax Gain Fund 45.12 - JM Multistrategy Fund 430.72 46.46 JM Nifty Plus Fund 139.30 24.54 JM Large Cap Fund 28.08 - JM Mid Cap Fund 14.87 16.08

IFCI Ltd JM High Liquidity Fund JM Basic Fund 1,514.81 608.74 JM Agri & Infra Fund 457.89 158.06 JM Financial Services Fund 289.57 - JM Arbitrage Advantage Fund 4,176.72 107.30 JM Emerging Leaders Fund 449.87 433.90 JM HI FI Fund 125.31 14.73

IDBI Home Finance Limited(Subsidiary of IDBI Bank Ltd)

JM High Liquidity Fund 19,300.14 - JM Money Manager Fund-Regular Plan 480.08 - JM Money Manager Fund-Super Plan 987.69 - JM Money Manager Fund-Super Plus Plan 42,450.07 -

RHC Holdings Private Ltd JM High Liquidity Fund JM High Liquidity Fund 197,251.92 6,047.58 JM Arbitrage Advantage Fund 3,025.03 - JM MIP Fund 97.51 97.54 JM Money Manager Fund-Super Plan 2,840.20 2,341.00 JM Money Manager Fund-Super Plus Plan 413,279.99 1,268.04 JM Fixed Maturity Fund Series XIII - Yearly 1,304.68 -

State Bank Of Mysore(Subsidiary of State Bank Of India)

JM High Liquidity Fund 30,798.93 - JM Money Manager Fund-Super Plan 11,096.95 64.76 JM Money Manager Fund-Super Plus Plan 22,182.17 4,993.97 JM Fixed Maturity Fund Series XIX - Plan A 2,667.02 2,710.58

Tata Steel Limited JM High Liquidity Fund JM Basic Fund 5,403.94 872.53 JM Core 11 Fund 2,076.51 737.37 JM Agri & Infra Fund 947.55 427.44 JM Financial Services Fund 49.33 - JM Telecom Fund 11.03 - JM Arbitrage Advantage Fund 1,167.96 - JM Balanced Fund 31.68 31.42 JM Contra Fund 1,308.86 434.64 JM Equity Fund 84.25 86.49 JM HI FI Fund 40.13 40.70 JM Small & Mid-Cap Fund 119.55 121.34 JM Short Term Fund 505.84 - JM Money Manager Fund-Super Plus Plan 1,012.01 - JM Tax Gain Fund 319.80 331.97 JM Multistrategy Fund 322.36 61.90 JM Nifty Plus Fund 31.35 23.27 JM Large Cap Fund 50.49 25.51 JM Mid Cap Fund 21.76 22.40

JM Money Manager Fund - Super Plus Plan

JM High Liquidity Fund JM Arbitrage Advantage Fund 29,002.78 - JM Nifty Plus Fund 150.00 -

L & T FINANCE(Subsidiary of Larsen & Toubro)

JM High Liquidity Fund 68,369.00 - JM Arbitrage Advantage Fund 5,502.82 - JM Floater Fund - Short Term Plan 800.00 - JM Interval Fund - Quarterly Plan 1 695.94 - JM Money Manager Fund-Super Plan 2,486.72 - JM Money Manager Fund-Super Plus Plan 97,405.23 -

L & T Infrastructure Finance Co. (Subsidiary of Larsen & Toubro)

JM High Liquidity Fund 49,770.84 - JM Money Manager Fund-Regular Plan 2,454.53 - JM Money Manager Fund-Super Plus Plan 78,304.24 -

IDBI Limited JM High Liquidity Fund JM High Liquidity Fund 32,138.40 - JM Money Manager Fund-Super Plus Plan JM Fixed Maturity Fund Series XIX - Plan A 2,728.82 2,776.00

JM Financial Services Fund 373.81 - JM Arbitrage Advantage Fund 2,897.43 - JM Emerging Leaders Fund 600.91 - JM HI FI Fund 310.70 - JM Money Manager Fund-Regular Plan 4,405.20 - JM Money Manager Fund-Super Plan 10,646.41 -

79







2011. At Mkt value (Rs.in Lakhs)JM Money Manager Fund-Super Plus Plan 66,909.79 -

Dhanalakshmi Bank Ltd JM High Liquidity Fund JM High Liquidity Fund 21,111.83 - JM Emerging Leaders Fund 967.09 517.32 JM Short Term Fund 2,438.57 2,452.35 JM Money Manager Fund-Super Plan 19,338.41 - JM Money Manager Fund-Super Plus Plan 18,241.32 4,879.19

NABARD JM High Liquidity Fund JM High Liquidity Fund 33,096.64 - JM Short Term Fund 580.01 - JM Money Manager Fund-Super Plus Plan 56,043.01 -

Punjab National Bank JM High Liquidity Fund JM High Liquidity Fund 196,436.79 - JM Money Manager Fund-Super Plus Plan JM Fixed Maturity Fund Series XI - 13M-1 918.05 -

JM Fixed Maturity Fund Series VII - 18M 2,388.13 - JM Financial Services Fund 460.62 141.89 JM Arbitrage Advantage Fund 1,170.84 - JM Balanced Fund 2.16 2.24 JM Equity Fund 421.31 28.98 JM Floater Fund- Long Term Plan 123.05 - JM Floater Fund - Short Term Plan 148.06 - JM HI FI Fund 95.37 - JM Income Fund 501.05 - JM Interval Fund - Quarterly Plan 1 781.09 783.00 JM Short Term Fund 9,163.56 2,451.11 JM Money Manager Fund-Regular Plan 16,510.34 2,465.39 JM Money Manager Fund-Super Plan 22,234.57 1,663.88 JM Money Manager Fund-Super Plus Plan 142,243.47 - JM Tax Gain Fund 339.96 - JM Multistrategy Fund 248.49 - JM Fixed Maturity Fund Series XIII - Yearly 969.20 - JM Nifty Plus Fund 0.99 9.18 JM Fixed Maturity Fund Series XVIII - 15 Monthly Plan 1 468.94 - JM Fixed Maturity Fund Series XIX - Plan A 2,728.82 2,776.00

Allahabad Bank JM High Liquidity Fund JM High Liquidity Fund 126,254.38 9,788.02 JM Equity Tax Saver Fund - Series I 30.08 - JM Financial Services Fund 191.88 - JM Arbitrage Advantage Fund 2,603.46 - JM Balanced Fund 95.84 - JM Equity Fund 91.36 - JM Floater Fund- Long Term Plan 1,112.52 - JM Floater Fund - Short Term Plan 147.99 - JM HI FI Fund 130.23 - JM Income Fund 296.84 - JM MIP Fund 23.09 - JM Interval Fund - Quarterly Plan 1 1,274.66 684.83 JM Small & Mid-Cap Fund 293.65 - JM Short Term Fund 3,302.60 1,271.82 JM Money Manager Fund-Regular Plan 12,829.27 - JM Money Manager Fund-Super Plan 14,994.84 - JM Money Manager Fund-Super Plus Plan 121,335.74 - JM Tax Gain Fund 470.30 - JM Mid Cap Fund 81.57 - JM Fixed Maturity Fund Series XIX - Plan C 1,098.93 -

Oriental Bank of Commerce JM High Liquidity Fund JM High Liquidity Fund 93,477.23 - JM Financial Services Fund 276.85 - JM Arbitrage Advantage Fund 224.45 - JM HI FI Fund 156.61 - JM Small & Mid-Cap Fund 221.42 - JM Money Manager Fund-Regular Plan 5,330.95 - JM Money Manager Fund-Super Plan 10,689.97 - JM Money Manager Fund-Super Plus Plan 118,122.56 - JM Tax Gain Fund 150.14 - JM Multistrategy Fund 279.12 - JM Fixed Maturity Fund Series XIX - Plan C 1,819.26 1,834.42

State Bank of India JM High Liquidity Fund JM High Liquidity Fund 34,326.79 - JM Financial Services Fund 281.32 140.01 JM Telecom Fund 19.46 - JM Arbitrage Advantage Fund 1,077.61 - JM Contra Fund 290.27 302.80 JM Equity Fund 145.87 151.12 JM Small & Mid-Cap Fund 79.87 82.96 JM Money Manager Fund-Super Plan 5,874.88 - JM Money Manager Fund-Super Plus Plan 2,876.75 -

80







2011. At Mkt value (Rs.in Lakhs)JM Multistrategy Fund 55.37 57.79 JM Nifty Plus Fund 4.35 40.54 JM Large Cap Fund 25.06 26.71 JM Mid Cap Fund 14.92 15.90

Export Import Bank of India JM High Liquidity Fund JM High Liquidity Fund 34,729.51 - JM Money Manager Fund-Super Plus Plan JM Money Manager Fund-Super Plan 480.33 -

JM Money Manager Fund-Super Plus Plan 46,570.50 - Sun Pharmaceuticals Limited JM Fixed Maturity Fund Series XIX - Plan A JM Nifty Plus Fund 1.12 9.46

JM Fixed Maturity Fund Series XIX - Plan CSBI Factors and Commercial Services Limited (Subsidiary of State Bank of India)

JM High Liquidity Fund 11,000.00 - JM Money Manager Fund-Super Plus Plan 55,500.00 -

SBI Cards & Payment Services Limited(Subsidiary of State Bank of India)

JM High Liquidity Fund 4,962.99 - JM Money Manager Fund-Regular Plan 986.56 - JM Money Manager Fund-Super Plus Plan 3,449.06 -

State Bank of Indore(Subsidiary of State Bank of India)

JM High Liquidity Fund 25,985.91 - JM Money Manager Fund-Regular Plan 2,470.56 - JM Money Manager Fund-Super Plus Plan 28,484.47 -

Vijaya Bank JM High Liquidity Fund JM High Liquidity Fund 12,349.63 - JM Money Manager Fund-Super Plus Plan JM Financial Services Fund 190.85 -

JM Arbitrage Advantage Fund 584.06 - JM Floater Fund- Long Term Plan 196.13 - JM HI FI Fund 60.14 - JM Income Fund 294.20 294.85 JM MIP Fund 147.30 147.42 JM Interval Fund - Quarterly Plan 1 784.52 786.26 JM Short Term Fund 1,672.97 1,179.40 JM Money Manager Fund-Super Plan 196.18 49.14 JM Money Manager Fund-Super Plus Plan 10,241.77 - JM Tax Gain Fund 200.19 -

Tata Teleservices (Mah) Limited JM High Liquidity Fund JM Arbitrage Advantage Fund 1,129.91 327.81 Jagran Prakashan Pvt. Limited JM Interval Fund - Quarterly Plan 1 JM High Liquidity Fund 989.03 - SBI Global Factors Ltd(Subsidiary of State Bank of India)

JM High Liquidity Fund 87,075.95 - JM Arbitrage Advantage Fund 17,000.00 - JM Short Term Fund 498.47 - JM Money Manager Fund-Super Plan 5,400.00 - JM Money Manager Fund-Super Plus Plan 68,838.67 -

JSW Energy Limited(Subsidiary of JSW Steel Ltd)

JM Basic Fund 1,209.85 682.19 JM Agri & Infra Fund 1,123.49 264.89 JM Large Cap Fund 23.60 - JM Balanced Fund 26.55 - JM Contra Fund 151.01 - JM Emerging Leaders Fund 43.11 - JM Equity Fund 170.56 - JM HI FI Fund 34.49 24.72 JM Multistrategy Fund 57.33 - JM Tax Gain Fund 72.34 -


JM High Liquidity Fund JM Basic Fund 689.89 762.21 JM High Liquidity Fund 398,484.64 - JM Agri & Infra Fund 999.44 278.38 JM Arbitrage Advantage Fund 1,200.00 - JM Contra Fund 259.34 285.64 JM HI FI Fund 24.77 27.17 JM Short Term Fund 1,500.00 - JM Money Manager Fund-Regular Plan 4,700.00 - JM Money Manager Fund-Super Plan 1,800.00 - JM Money Manager Fund-Super Plus Plan 422,381.56 - JM Multistrategy Fund 49.79 55.11 JM Mid Cap Fund 18.02 19.95

Monnet Ispat Limited JM High Liquidity Fund JM HI FI Fund 75.27 - Jindal Saw Ltd JM Floater Fund - Short Term Plan JM High Liquidity Fund 14,678.08 -

JM Agri & Infra Fund 869.61 - JM Arbitrage Advantage Fund 394.38 - JM Money Manager Fund-Super Plus Plan 6,001.04 -

JSW Steel Limited JM High Liquidity Fund JM Basic Fund 1,797.81 787.74 JM Agri & Infra Fund 827.67 352.87 JM Arbitrage Advantage Fund 255.69 125.99 JM Contra Fund 1,241.76 - JM Emerging Leaders Fund 445.54 487.47 JM MIP Fund 39.41 33.67 JM Small & Mid-Cap Fund 120.67 119.12

81







2011. At Mkt value (Rs.in Lakhs)JM Multistrategy Fund 150.10 54.29 JM Mid Cap Fund 19.87 19.70

Karnataka Bank JM High Liquidity Fund JM High Liquidity Fund 4,942.82 - JM Financial Services Fund 50.04 - JM HI FI Fund 25.12 -

Amtek Auto Ltd JM Floater Fund - Short Term Plan JM HI FI Fund 50.11 - PNB Housing Finance(Subsidiary of Punjab National Bank)

JM High Liquidity Fund 7,449.49 -

Asian Paints Limited JM Fixed Maturity Fund Series XIX - Plan A JM Contra Fund 258.68 257.63 JM Small & Mid-Cap Fund 79.27 79.56 JM Multistrategy Fund 40.50 40.41 JM Mid Cap Fund 29.01 29.05

Investments by the schemes in the above companies have been made to achieve the investment objectives of the relevant schemes and considering long term prospects and / or yield on investments.Derivative positions and CBLO have not been considered for investment purpose.

82

Annual Report 2010-2011PE

RsPE

CTI

VE

HIs

TORI

CA

L PE

R U

NIT

sTA

TIsT

ICs

As

AT 3

1sT

MA

RCH

201

1

(R

s. In

Lak

hs)

JM Eq

uity

Fund

JM B

alan

ced

Fund

JM M

ulti

Stra

tegy

Fun

dJM

Smal

l & M

idca

p Fu

nd

JM M

id Ca

p Fu

ndJM

Larg

e Cap

Fund

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

23-0

9-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

ANe

t Ass

et Va

lue P

er U

nit

Divid

end

15.02

6914

.2604

9.043

716

.3669

15.32

7310

.2503

13.11

5913

.3801

8.134

94.8

446

5.702

52.6

694

15.93

3817

.2123

9.152

814

.2396

12.71

119.2

431

Grow

th36

.9164

35.02

8820

.1007

22.94

7021

.4906

13.48

3514

.1029

14.38

728.1

349

4.844

65.7

025

2.669

323

.2555

25.12

1911

.9581

19.36

4517

.2857

11.65

69Bo

nus

--

--

--

--

--

--

--

--

--

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-Fo

rtnigh

tly D

ivide

nd-

--

--

--

--

--

--

--

--

-M

onth

ly Di

viden

d-

--

--

--

--

--

--

--

--

-Qu

arte

rly D

ivide

nd-

--

--

--

--

--

--

--

--

-An

nual

Divid

end

--

--

--

--

--

--

--

--

--

Insti

tutio

nal D

ivide

nd-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Gro

wth

--

--

--

--

--

--

--

--

--

Insti

tutio

nal D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al Da

ily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Grow

th-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Dail

y Divi

dend

-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Wee

kly D

ivide

nd

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an D

ivide

nd-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Gro

wth

--

--

--

--

--

--

--

--

--

Regu

lar Pl

an D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Re

gular

Plan

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Plan

Dail

y Divi

dend

BGr

oss I

ncom

e per

uni

t bro

ken

up

into

the f

ollo

win

g co

mpo

nent

si)

Inco

me o

ther

than

profi

t on s

ale of

inv

estm

ent,

per u

nit0.3

60.2

80.2

10.7

30.4

10.5

30.2

50.1

90.0

80.1

00.0

70.0

70.4

00.2

40.3

50.2

60.2

40.2

5

ii) In

com

e (ne

t) fro

m pr

ofit o

n int

ersch

eme s

ale/tr

ansfe

r of

inves

tmen

t, pe

r unit

- 0.0

50.0

0(0

.02)

-(0

.06)

0.40

-(0

.17)

(0.20

)-

(0.15

)0.1

90.1

4(0

.38)

(0.17

)0.0

0(0

.01)

iii) In

com

e (ne

t) fro

m pr

ofit o

n sale

of

inves

tmen

t to t

hird p

arty,

per u

nit4.2

64.0

5(9

.49)

8.65

(0.17

)(1

5.25)

5.10

8.21

(1.72

)0.0

4(1

.75)

(5.22

)2.0

81.3

7(4

.78)

3.54

0.59

(0.44

)iv)

Tran

sfer t

o Rev

enue

acco

unt f

rom

past

year

s' re

serv

es, p

er un

it-

--

--

--

--

--

--

--

--

-

(v) C

hang

e in

unre

alise

d ap

prec

iation

/ (d

epre

ciatio

n)(1

.71)

7.83

(1.83

)(6

.34)

9.60

6.23

(4.48

)2.8

8(0

.02)

(0.38

)5.3

6(3

.87)

(2.93

)6.2

5(2

.79)

(1.45

)4.9

6(4

.96)

Gro

ss In

com

e (To

tal o

f i to

v) 2.

91

12.2

1(1

1.11

) 3.

02

9.84

(8.5

5) 1.

27

11.2

8(1

.83)

(0.4

4)3.

68(9

.17)

(0.2

6)8.

00(7

.60)

2.18

5.

79(5

.16)

Ci)

Aggr

egat

e of e

xpen

ses,

write

off,

amor

tizat

ion an

d cha

rges

, 0.

71

0.57

0.46

0.67

0.5

30.4

6 0.

50

0.41

0.10

0.18

0.1

40.1

8 0.

61

0.39

0.38

0.39

0.3

70.3

2

per u

nit in

dicat

ing s

epar

ately

pro

vision

fo

r dep

recia

tion i

n valu

e

of in

vestm

ents,

per u

nit

ii) Pr

ovisi

on fo

r dep

recia

tion

in th

e valu

e of

inve

stmen

ts-

--

--

--

--

--

--

--

--

-

Gros

s Exp

ense

s ( To

tal o

f I to

ii )

0.71

0.

570.

46 0.

67

0.53

0.46

0.50

0.

410.

10 0.

18

0.14

0.18

0.61

0.

390.

38 0.

39

0.37

0.32

DNe

t Inc

ome (

B-C)

2.20

11

.64

(11.

57)

2.35

9.

31(9

.01)

0.77

10

.87

(1.9

3) (0

.62)

3.54

(9.3

5) (0

.87)

7.61

(7.9

8) 1.

79

5.42

(5.4

8)E

If th

e un

its a

re tr

aded

or r

epur

chas

ed /

reso

ld, th

e high

est a

nd th

e low

est p

rices

pe

r unit

dur

ing th

e ye

ar a

nd th

e pr

ice-

earn

ing ra

tio

83

Annual Report 2010-2011JM

Equi

ty Fu

ndJM

Bal

ance

d Fu

ndJM

Mul

ti St

rate

gy F

und

JM Sm

all &

Mid

cap

Fund

JM

Mid

Cap

Fund

JM La

rge C

ap Fu

nd

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

23-0

9-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

i) R

epur

chas

e Pric

e1.

Hig

hest

dur

ing

the y

ear

Divid

end

16.94

3816

.3792

19.60

5117

.7937

16.44

1719

.8398

15.85

2115

.3589

9.7

750

6.740

9 6.1

738

12.56

9120

.8525

20.69

47

15.49

03

15.98

72

14.03

90

15.72

14

Grow

th41

.6255

36.40

6243

.6368

24.94

8721

.6280

26.09

7417

.0454

15.35

91

9.775

0 6.7

409

6.173

8 12

.5690

30.43

7527

.0429

20

.2392

21

.7409

17

.7052

19

.8160

Bo

nus

--

--

--

--

--

--

--

--

--

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-Fo

rtnigh

tly D

ivide

nd-

--

--

--

--

--

--

--

--

-M

onth

ly Di

viden

d-

--

--

--

--

--

--

--

--

-Qu

arte

rly D

ivide

nd-

--

--

--

--

--

--

--

--

-An

nual

Divid

end

--

--

--

--

--

--

--

--

--

Insti

tutio

nal D

ivide

nd-

--

--

--

--

-NA

NA-

--

--

-In

stitu

tiona

l Gro

wth

--

--

--

--

--

NANA

--

--

--

Insti

tutio

nal D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al Da

ily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Grow

th-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Dail

y Divi

dend

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an D

ivide

nd-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Gro

wth

--

--

--

--

--

--

--

--

--

Regu

lar Pl

an D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Re

gular

Plan

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Plan

Dail

y Divi

dend

--

--

--

--

--

--

--

--

--

i) R

epur

chas

e Pric

e2.

Lowe

st d

urin

g th

e yea

rDi

viden

d 12

.8113

8.968

87.4

191

14.51

4110

.2002

9.069

511

.7016

8.036

7 4.6

990

4.521

8 2.7

032

2.226

814

.7463

9.036

1 7.1

364

12.43

94

9.086

3 7.9

458

Grow

th31

.4690

19.93

4316

.4901

20.35

0513

.4176

11.92

9112

.5820

8.036

7 4.6

990

4.521

8 2.7

031

2.226

721

.5219

11.80

56

9.323

3 16

.9161

11

.4591

10

.0207

Bo

nus

--

--

--

--

--

--

--

--

--

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-Fo

rtnigh

tly D

ivide

nd-

--

--

--

--

--

--

--

--

-M

onth

ly Di

viden

d-

--

--

--

--

--

--

--

--

-Qu

arte

rly D

ivide

nd-

--

--

--

--

--

--

--

--

-An

nual

Divid

end

--

--

--

--

--

--

--

--

--

Insti

tutio

nal D

ivide

nd-

--

--

--

--

-NA

NA-

--

--

-In

stitu

tiona

l Gro

wth

--

--

--

--

--

NANA

--

--

--

Insti

tutio

nal D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al Da

ily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Grow

th-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Dail

y Divi

dend

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an D

ivide

nd-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Gro

wth

--

--

--

--

--

--

--

--

--

Regu

lar Pl

an D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Re

gular

Plan

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Plan

Dail

y Divi

dend

--

--

--

--

--

--

--

--

--

ii) R

esal

e Pric

e1.

Hig

hest

dur

ing

the y

ear

Divid

end

17.72

3817

.1332

20.50

7718

.6129

17.19

8720

.7532

16.58

1916

.0659

10

.2250

6.8

926

6.458

0 13

.1477

21.32

1721

.6473

16

.2035

16

.3469

14

.6852

16

.4452

84


Equi

ty Fu

ndJM

Bal

ance

d Fu

ndJM

Mul

ti St

rate

gy F

und

JM Sm

all &

Mid

cap

Fund

JM

Mid

Cap

Fund

JM La

rge C

ap Fu

nd

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

23-0

9-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

Grow

th43

.5417

38.08

2245

.6456

26.09

7322

.6236

27.29

8817

.8302

16.06

61

10.22

50

6.892

6 6.4

580

13.14

7631

.1223

28.28

79

21.17

10

22.23

01

18.52

02

20.72

82

Bonu

s-

--

--

--

--

--

--

--

--

-W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Fortn

ightly

Divi

vend

--

--

--

--

--

--

--

--

--

Mon

thly

Divid

end

--

--

--

--

--

--

--

--

--

Quar

terly

Divi

dend

--

--

--

--

--

--

--

--

--

Annu

al Di

viden

d-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Divi

dend

--

--

--

--

--

NANA

--

--

--

Insti

tutio

nal G

rowt

h-

--

--

--

--

-NA

NA-

--

--

-In

stitu

tiona

l Dail

y Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Daily

Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al Gr

owth

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-

Prem

ium Pl

an W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an D

ivide

nd-

--

--

--

--

--

--

--

--

-

Prem

ium Pl

an G

rowt

h-

--

--

--

--

--

--

--

--

-Re

gular

Plan

Dail

y Divi

dend

--

--

--

--

--

--

--

--

--

Regu

lar Pl

an W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Insti

tutio

nal P

lan D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-ii)

Res

ale P

rice

2. Lo

west

dur

ing

the y

ear

Divid

end

13.40

119.3

816

7.760

715

.1823

10.66

989.4

871

12.24

028.4

067

4.915

4 4.6

235

2.827

6 2.3

294

15.07

819.4

521

7.465

0 12

.7193

9.5

045

8.311

6 Gr

owth

32.91

7820

.8519

17.24

9321

.2873

14.03

5212

.4783

13.16

128.4

067

4.915

4 4.6

235

2.827

5 2.3

293

22.00

6112

.3490

9.7

525

17.29

67

11.98

67

10.48

21

Bonu

s-

--

--

--

--

--

--

--

--

-W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Fortn

ightly

Divi

dend

--

--

--

--

--

--

--

--

--

Mon

thly

Divid

end

--

--

--

--

--

--

--

--

--

Quar

terly

Divi

dend

--

--

--

--

--

--

--

--

--

Annu

al Di

viden

d-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Divi

dend

--

--

--

--

--

NANA

--

--

--

Insti

tutio

nal G

rowt

h-

--

--

--

--

-NA

NA-

--

--

-

Insti

tutio

nal D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al Da

ily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Grow

th-

--

--

--

--

--

--

--

--

-

Prem

ium Pl

an D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-

Prem

ium Pl

an W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an D

ivide

nd-

--

--

--

--

--

--

--

--

-

Prem

ium Pl

an G

rowt

h-

--

--

--

--

--

--

--

--

-Re

gular

Plan

Dail

y Divi

dend

--

--

--

--

--

--

--

--

--

Regu

lar Pl

an W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Insti

tutio

nal P

lan D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-F

Ratio

of e

xpen

ses

to a

vera

ge d

aily

Ne

t Ass

ets b

y Per

cent

age

2.50

2.50

2.50

2.50

2.50

2.50

2.50

2.50

2.50

2.50

2.50

2.41

2.50

2.50

2.50

2.50

2.50

2.50

GRa

tlo o

f gl

oss

inco

me

to a

vera

ge

daily

Net

Ass

ets b

y Per

cent

age*

**10

.2253

.78(6

0.78)

11.32

46.46

(46.7

6)6.3

267

.99(2

3.62)

(5.91

)63

.79(1

20.31

)(1

.06)

50.94

(50.3

4)13

.8438

.77(3

9.89)

Price

Earn

ing Ra

tio Ω

--

--

--

--

--

--

--

--

--

85


RsPE

CTI

VE

HIs

TORI

CA

L PE

R U

NIT

sTA

TIsT

ICs

As

AT 3

1sT

MA

RCH

201

1

(R

s. In

Lak

hs)

JM B

asic

Fund

JM Em

ergi

ng Le

ader

s Fun

dJM

Core

11 Fu

nd Se

ries 1

JM

Tele

com

Sect

or Fu

ndJM

Tax G

ain

Fund

##JM

Agr

i & In

fra Fu

nd

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

23-0

9-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

ANe

t Ass

et Va

lue P

er U

nit

Divid

end

9.542

312

.7029

6.245

37.2

360

7.862

43.3

924

3.923

04.4

557

2.171

97.3

724

7.931

85.4

060

7.058

87.0

712

4.005

02.4

612

2.955

42.2

145

Grow

th13

.6663

18.19

368.2

929

7.220

37.8

454

3.384

53.9

230

4.455

72.1

719

7.372

47.9

319

5.406

87.0

588

7.071

24.0

051

2.461

22.9

554

2.214

5Bo

nus

--

--

--

--

--

--

--

--

--

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-Fo

rtnigh

tly D

ivide

nd-

--

--

--

--

--

--

--

--

-M

onth

ly Di

viden

d-

--

--

--

--

--

--

--

--

-Qu

arte

rly D

ivide

nd-

--

--

--

--

--

--

--

--

-An

nual

Divid

end

--

--

--

--

--

--

--

--

--

Insti

tutio

nal D

ivide

nd-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Gro

wth

--

--

--

--

--

--

--

--

--

Insti

tutio

nal D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al Da

ily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Grow

th-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Dail

y Divi

dend

-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Wee

kly D

ivide

nd

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an D

ivide

nd-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Gro

wth

--

--

--

--

--

--

--

--

--

Regu

lar Pl

an D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Re

gular

Plan

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Plan

Dail

y Divi

dend

BGr

oss I

ncom

e per

uni

t bro

ken

up

into

the f

ollo

win

g co

mpo

nent

si)

Inco

me o

ther

than

profi

t on s

ale of

inv

estm

ent,

per u

nit0.2

50.1

50.2

10.1

60.0

80.1

10.0

80.0

40.0

40.1

00.0

20.0

40.0

80.0

60.0

80.0

40.0

30.0

5

ii) In

com

e (ne

t) fro

m pr

ofit o

n int

ersch

eme s

ale/tr

ansfe

r of

inves

tmen

t, pe

r unit

(0.50

)(0

.04)

(1.38

)0.0

0(0

.06)

(1.72

)(0

.03)

(0.26

)(2

.24)

- -

0.00

0.04

0.03

(0.09

)(0

.00)

(0.08

)(0

.56)

iii) In

com

e (ne

t) fro

m pr

ofit o

n sale

of

inves

tmen

t to t

hird p

arty,

per u

nit(1

.47)

(0.29

)(1

0.30)

0.73

(1.77

)(5

.73)

0.19

0.05

(3.30

)(0

.86)

0.12

(1.41

)0.0

80.6

8(3

.33)

(0.19

)(1

.11)

(4.82

)iv)

Tran

sfer t

o Rev

enue

acco

unt f

rom

past

year

s' re

serv

es, p

er un

it-

--

--

--

--

--

--

--

--

-

(v) C

hang

e in

unre

alise

d ap

prec

iation

/ (d

epre

ciatio

n)(1

.99)

11.20

(4.60

)(0

.69)

7.06

(2.42

)(0

.71)

3.28

(0.78

)0.8

51.7

7(4

.18)

(0.03

)2.2

8(1

.06)

(0.11

)2.3

70.5

6

Gro

ss In

com

e (To

tal o

f i to

v) (3

.71)

11.0

2(1

6.07

) 0.

20

5.31

(9.7

6) (0

.47)

3.11

(6.2

8) 0.

09

1.91

(5.5

5) 0.

173.

05(4

.40)

(0.2

6)1.

21(4

.77)

Ci)

Aggr

egat

e of e

xpen

ses,

write

off,

amor

tizat

ion an

d cha

rges

, 0.

43

0.37

0.32

0.25

0.1

80.2

0 0.

65

0.33

0.32

0.36

0.1

40.2

1 0.

18

0.15

0.14

0.29

0.2

90.3

1

per u

nit in

dicat

ing s

epar

ately

pro

vision

fo

r dep

recia

tion i

n valu

e

of in

vestm

ents,

per u

nit

ii) Pr

ovisi

on fo

r dep

recia

tion

in th

e valu

e of

inve

stmen

ts-

--

--

--

--

--

--

--

--

-

Gros

s Exp

ense

s ( To

tal o

f I to

ii )

0.43

0.

370.

32 0.

25

0.18

0.20

0.65

0.

330.

32 0.

36

0.14

0.21

0.18

0.

150.

14 0.

29

0.29

0.31

DNe

t Inc

ome (

B-C)

(4.1

4)10

.66

(16.

39)

(0.0

5)5.

13(9

.96)

(1.1

2)2.

78(6

.60)

(0.2

7)1.

77(5

.76)

(0.0

1)2.

90(4

.54)

(0.5

5)0.

92(5

.08)

EIf

the

units

are

trad

ed o

r rep

urch

ased

/ re

sold,

the h

ighes

t and

the l

owes

t pric

es

per u

nit d

uring

the

year

and

the

price

-ea

rning

ratio

86


Bas

ic Fu

ndJM

Emer

ging

Lead

ers F

und

JM Co

re 11

Fund

Serie

s 1

JM Te

leco

m Se

ctor

Fund

JM Ta

x Gai

n Fu

nd ##

JM A

gri &

Infra

Fund

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

23-0

9-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

i) R

epur

chas

e Pric

e1.

Hig

hest

dur

ing

the y

ear

Divid

end

12.99

77

14.89

75

21.82

62

9.930

7 8.5

750

14.23

18

5.033

4 4.8

746

9.718

99.1

095

9.809

6 11

.7268

8.3

890

7.520

0 10

.7964

3.146

93.4

110

7.999

3Gr

owth

18.61

59

19.78

07

28.98

47

9.909

3 8.5

564

14.20

14

5.033

4 4.8

746

9.718

99.1

095

9.810

9 11

.7259

8.3

890

7.520

0 10

.7964

3.146

93.4

109

7.999

4Bo

nus

--

--

--

--

--

--

--

--

--

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-Fo

rtnigh

tly D

ivide

nd-

--

--

--

--

--

--

--

--

-M

onth

ly Di

viden

d-

--

--

--

--

--

--

--

--

-Qu

arte

rly D

ivide

nd-

--

--

--

--

--

--

--

--

-An

nual

Divid

end

--

--

--

--

--

--

--

--

--

Insti

tutio

nal D

ivide

nd-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Gro

wth

--

--

--

--

--

--

--

--

--

Insti

tutio

nal D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al Da

ily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Grow

th-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Dail

y Divi

dend

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an D

ivide

nd-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Gro

wth

--

--

--

--

--

--

--

--

--

Regu

lar Pl

an D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Re

gular

Plan

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Plan

Dail

y Divi

dend

--

--

--

--

--

--

--

--

--

i) R

epur

chas

e Pric

e2.

Lowe

st d

urin

g th

e yea

rDi

viden

d 8.6

257

6.322

4 5.0

998

6.463

2 3.4

459

2.766

0 3.5

438

2.251

81.8

312

6.859

15.2

953

4.468

0 6.3

936

4.076

0 3.3

476

2.202

42.2

671

1.919

4Gr

owth

12.35

35

8.395

4 6.7

715

6.449

2 3.4

379

2.759

6 3.5

438

2.251

81.8

312

6.859

25.2

962

4.468

5 6.3

936

4.076

2 3.3

472

2.202

42.2

671

1.919

4Bo

nus

--

--

--

--

--

--

--

--

--

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-Fo

rtnigh

tly D

ivide

nd-

--

--

--

--

--

--

--

--

-M

onth

ly Di

viden

d-

--

--

--

--

--

--

--

--

-Qu

arte

rly D

ivide

nd-

--

--

--

--

--

--

--

--

-An

nual

Divid

end

--

--

--

--

--

--

--

--

--

Insti

tutio

nal D

ivide

nd-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Gro

wth

--

--

--

--

--

--

--

--

--

Insti

tutio

nal D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al Da

ily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Grow

th-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Dail

y Divi

dend

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an D

ivide

nd-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Gro

wth

--

--

--

--

--

--

--

--

--

Regu

lar Pl

an D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Re

gular

Plan

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Plan

Dail

y Divi

dend

--

--

--

--

--

--

--

--

--

ii) R

esal

e Pric

e1.

Hig

hest

dur

ing

the y

ear

Divid

end

13.59

61

15.58

33

22.83

10

10.38

79

8.969

8 14

.8870

5.1

986

4.984

39.9

376

9.337

210

.2863

12

.2966

8.5

778

7.689

2 11

.0393

3.217

73.4

877

8.179

3

87


Bas

ic Fu

ndJM

Emer

ging

Lead

ers F

und

JM Co

re 11

Fund

Serie

s 1

JM Te

leco

m Se

ctor

Fund

JM Ta

x Gai

n Fu

nd ##

JM A

gri &

Infra

Fund

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

23-0

9-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

Grow

th19

.4729

20

.6913

30

.3191

10

.3655

8.9

502

14.85

52

5.198

6 4.9

843

9.937

69.3

372

10.28

76

12.29

57

8.577

8 7.6

892

11.03

933.2

177

3.487

68.1

794

Bonu

s-

--

--

--

--

--

--

--

--

-W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Fortn

ightly

Divi

vend

--

--

--

--

--

--

--

--

--

Mon

thly

Divid

end

--

--

--

--

--

--

--

--

--

Quar

terly

Divi

dend

--

--

--

--

--

--

--

--

--

Annu

al Di

viden

d-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Divi

dend

--

--

--

--

--

--

--

--

--

Insti

tutio

nal G

rowt

h-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Dail

y Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Daily

Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al Gr

owth

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-

Prem

ium Pl

an W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an D

ivide

nd-

--

--

--

--

--

--

--

--

-

Prem

ium Pl

an G

rowt

h-

--

--

--

--

--

--

--

--

-Re

gular

Plan

Dail

y Divi

dend

--

--

--

--

--

--

--

--

--

Regu

lar Pl

an W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Insti

tutio

nal P

lan D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-ii)

Res

ale P

rice

2. Lo

west

dur

ing

the y

ear

Divid

end

9.022

7 6.6

134

5.334

6 6.7

608

3.604

5 2.8

934

3.660

1 2.3

025

1.872

47.0

306

5.552

6 4.6

851

6.537

5 4.1

677

3.422

92.2

520

2.318

11.9

626

Grow

th12

.9223

8.7

818

7.083

3 6.7

460

3.596

1 2.8

866

3.660

1 2.3

025

1.872

47.0

307

5.553

6 4.6

857

6.537

5 4.1

679

3.422

52.2

520

2.318

11.9

626

Bonu

s-

--

--

--

--

--

--

--

--

-W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Fortn

ightly

Divi

dend

--

--

--

--

--

--

--

--

--

Mon

thly

Divid

end

--

--

--

--

--

--

--

--

--

Quar

terly

Divi

dend

--

--

--

--

--

--

--

--

--

Annu

al Di

viden

d-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Divi

dend

--

--

--

--

--

--

--

--

--

Insti

tutio

nal G

rowt

h-

--

--

--

--

--

--

--

--

-

Insti

tutio

nal D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al Da

ily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Grow

th-

--

--

--

--

--

--

--

--

-

Prem

ium Pl

an D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-

Prem

ium Pl

an W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an D

ivide

nd-

--

--

--

--

--

--

--

--

-

Prem

ium Pl

an G

rowt

h-

--

--

--

--

--

--

--

--

-Re

gular

Plan

Dail

y Divi

dend

--

--

--

--

--

--

--

--

--

Regu

lar Pl

an W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Insti

tutio

nal P

lan D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-F

Ratio

of e

xpen

ses

to a

vera

ge d

aily

Ne

t Ass

ets b

y Per

cent

age

2.29

2.21

2.12

2.38

2.36

2.29

2.32

2.20

2.09

2.50

2.50

2.50

2.50

2.50

2.50

2.40

2.20

2.09

GRa

tlo o

f gl

oss

inco

me

to a

vera

ge

daily

Net

Ass

ets b

y Per

cent

age*

**(1

9.74)

66.40

(107

.53)

1.92

70.43

(109

.84)

(4.83

)65

.67(1

13.81

)0.6

135

.02(6

5.43)

2.23

50.14

(77.3

2)(7

.68)

36.81

(100

.51)

Price

Earn

ing Ra

tio Ω

--

--

--

--

--

--

--

--

--

88


RsPE

CTI

VE

HIs

TORI

CA

L PE

R U

NIT

sTA

TIsT

ICs

As

AT 3

1sT

MA

RCH

201

1

(R

s. In

Lak

hs)

JM H

i Fi F

und

JM Fi

nanc

ial S

ervi

ces F

und

JM H

igh

Liqui

dity

Fund

JM

Mon

ey M

anag

er Fu

nd - S

uper

Pl

us P

lan

JM M

oney

Man

ager

Fund

- Sup

er

Plan

JM M

oney

Man

ager

Fund

- Reg

ular

Pl

an01

-04-

10

to 31

-03

-11

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

23-0

9-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

ANe

t Ass

et Va

lue P

er U

nit

Divid

end

5.052

65.4

755

3.896

710

.0919

8.939

95.9

108

--

-10

.0053

10.00

5310

.0053

10.01

1810

.0118

10.01

1810

.0112

10.01

1210

.0112

Grow

th5.0

526

5.475

63.8

961

10.09

198.9

403

5.911

326

.7560

25.10

0124

.0509

13.82

1312

.9844

12.35

8313

.8695

12.93

0212

.2035

13.46

8012

.5770

12.08

50Bo

nus

--

--

--

14.05

0613

.1810

12.63

01-

--

--

-W

eekly

Divi

dend

--

--

--

--

-10

.4273

10.33

0110

.2441

10.42

3510

.3135

10.21

4410

.3926

10.28

8810

.2223

Fortn

ightly

Divi

dend

--

--

--

--

-10

.2371

10.18

6410

.1428

10.18

3110

.1293

10.07

8610

.1334

10.07

9610

.0433

Mon

thly

Divid

end

--

--

--

--

--

--

--

--

--

Quar

terly

Divi

dend

--

--

--

15.14

4114

.2063

13.61

26-

--

--

--

--

Annu

al Di

viden

d-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Divi

dend

--

--

--

10.56

1610

.4612

10.39

72-

--

--

--

--

Insti

tutio

nal G

rowt

h-

--

--

-16

.1428

15.14

4714

.5111

--

--

--

--

-In

stitu

tiona

l Dail

y Divi

dend

--

--

--

10.01

5910

.0159

10.01

59-

--

--

--

--

Supe

r Ins

titut

ional

Daily

Divi

dend

--

--

--

10.01

6510

.0165

10.01

65-

--

--

--

--

Supe

r Ins

titut

ional

Wee

kly D

ivide

nd-

--

--

-10

.0000

10.00

0010

.0000

--

--

--

--

-Su

per I

nstit

ution

al Gr

owth

--

--

--

15.34

9414

.3993

13.79

73-

--

--

--

--

Prem

ium Pl

an D

aily D

ivide

nd

--

--

--

--

--

--

--

--

Prem

ium Pl

an W

eekly

Divi

dend

-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Divi

dend

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an G

rowt

h-

--

--

--

--

--

--

--

--

-Re

gular

Plan

Dail

y Divi

dend

--

--

--

10.43

0210

.4302

10.43

02-

--

--

--

--

Regu

lar Pl

an W

eekly

Divi

dend

--

--

--

10.80

7110

.7047

10.63

92-

--

--

--

--

Insti

tutio

nal P

lan D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-B

Gros

s Inc

ome p

er u

nit b

roke

n up

in

to th

e fol

low

ing

com

pone

nts

i) In

com

e oth

er th

an pr

ofit o

n sale

of

inves

tmen

t, pe

r unit

0.09

0.07

0.15

0.19

0.19

0.25

4.48

0.43

4.37

2.91

1.04

1.97

2.48

0.20

15.83

0.85

0.04

2.41

ii) In

com

e (ne

t) fro

m pr

ofit o

n int

ersch

eme s

ale/tr

ansfe

r of

inves

tmen

t, pe

r unit

(0.02

)0.0

7(0

.75)

- (0

.16)

(1.79

)(0

.00)

-0.0

4(0

.00)

0.01

0.32

- (0

.00)

(0.51

) -

(0.00

)(0

.12)

iii) In

com

e (ne

t) fro

m pr

ofit o

n sale

of

inves

tmen

t to t

hird p

arty,

per u

nit(0

.01)

0.67

(8.77

)2.1

91.1

7(8

.82)

0.02

(0.01

)0.0

00.1

10.0

60.0

40.0

20.0

01.3

10.0

40.0

0(0

.02)

iv) Tr

ansfe

r to R

even

ue ac

coun

t fro

m pa

st ye

ars'

rese

rves

, per

unit

--

--

--

--

--

--

--

--

--

(v) C

hang

e in

unre

alise

d ap

prec

iation

/ (d

epre

ciatio

n)(0

.24)

1.27

1.96

(0.11

)3.4

12.3

00.0

0(0

.00)

0.01

(0.07

)0.0

10.0

00.0

0-

0.01

(0.00

)0.0

00.2

0

Gro

ss In

com

e (To

tal o

f i to

v) (0

.18)

2.08

(7.4

1) 2.

27

4.61

(8.0

6) 4.

50

0.42

4.42

2.95

1.12

2.33

2.50

0.

2016

.64

0.89

0.

042.

47

Ci)

Aggr

egat

e of e

xpen

ses,

write

off,

amor

tizat

ion an

d cha

rges

, 0.

16

0.15

0.20

0.32

0.2

60.2

9 0.

14

0.02

0.10

0.16

0.0

70.0

8 0.

13

0.01

0..54

0.04

0.0

00.1

0

per u

nit in

dicat

ing s

epar

ately

pro

vision

fo

r dep

recia

tion i

n valu

e

of in

vestm

ents,

per u

nit

ii) Pr

ovisi

on fo

r dep

recia

tion

in th

e valu

e of

inve

stmen

ts-

--

--

--

--

--

--

--

--

-

Gros

s Exp

ense

s ( To

tal o

f I to

ii )

0.16

0.

150.

20 0.

32

0.26

0.29

0.14

0.

020.

10 0.

16

0.07

0.08

0.13

0.

010.

54 0.

04

0.00

0.10

DNe

t Inc

ome (

B-C)

(0.3

4)1.

93(7

.61)

1.95

4.

35(8

.35)

4.36

0.

404.

32 2.

79

1.05

2.25

2.37

0.19

16.1

0 0.

850.

042.

37E

If th

e un

its a

re tr

aded

or r

epur

chas

ed /

reso

ld, th

e high

est a

nd th

e low

est p

rices

pe

r unit

dur

ing th

e ye

ar a

nd th

e pr

ice-

earn

ing ra

tio

89


Hi F

i Fun

dJM

Fina

ncia

l Ser

vice

s Fun

dJM

Hig

h Liq

uidi

ty Fu

nd

JM M

oney

Man

ager

Fund

- Sup

er

Plus

Pla

nJM

Mon

ey M

anag

er Fu

nd - S

uper

Pl

anJM

Mon

ey M

anag

er Fu

nd - R

egul

ar

Plan

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

23-0

9-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

i) R

epur

chas

e Pric

e1.

Hig

hest

dur

ing

the y

ear

Divid

end

6.629

05.7

576

11.91

7012

.5780

9.344

0 14

.7125

-

-9.9

953

9.995

8 9.9

953

10.00

1810

.0018

10

.0018

9.9

862

10.01

12

10.01

12Gr

owth

6.629

05.7

576

11.91

7212

.5780

9.344

4 14

.7152

26

.7560

25

.1001

24

.0509

13.80

7512

.9714

12

.3459

13.85

5612

.9173

12

.1913

13

.4343

12

.5770

12

.0850

Bonu

s-

--

--

-14

.0506

13.18

10

12.63

01-

--

--

-W

eekly

Divi

dend

--

--

--

--

10.42

3210

.3248

10

.2441

10.41

9610

.3101

10

.2171

10

.3751

10

.2952

10

.2294

Fortn

ightly

Divi

dend

--

--

--

--

10.24

9810

.1895

10

.1565

10.19

6710

.1361

10

.0919

10.13

5810

.0952

10

.0635

Mon

thly

Divid

end

--

--

--

--

--

--

--

--

-Qu

arte

rly D

ivide

nd-

--

--

-15

.1441

14.20

63

13.84

47-

--

--

--

--

Annu

al Di

viden

d-

--

--

--

--

--

--

--

--

Insti

tutio

nal D

ivide

nd-

--

--

-10

.5682

10.46

59

10.40

65-

--

--

--

--

Insti

tutio

nal G

rowt

h-

--

--

-16

.1428

15.14

47

14.51

11-

--

--

--

--

Insti

tutio

nal D

aily D

ivide

nd-

--

--

-10

.0159

10.01

59

10.01

59-

--

--

--

--

Supe

r Ins

titut

ional

Daily

Divi

dend

--

--

--

10.01

6510

.0165

10

.0165

--

--

--

--

-Su

per I

nstit

ution

al W

eekly

Divi

dend

--

--

--

10.03

5210

.0000

10

.0294

--

--

--

--

-Su

per I

nstit

ution

al Gr

owth

--

--

--

15.34

9414

.3993

13

.7973

--

--

--

--

-Pr

emium

Plan

Dail

y Divi

dend

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

Prem

ium Pl

an D

ivide

nd-

--

--

--

--

--

--

--

--

Prem

ium Pl

an G

rowt

h-

--

--

--

--

--

--

--

--

Regu

lar Pl

an D

aily D

ivide

nd-

--

--

-10

.4302

10

.4302

10

.4302

--

--

--

--

-Re

gular

Plan

Wee

kly D

ivide

nd-

--

--

-10

.8140

10.70

97

10.64

87-

--

--

--

--

Insti

tutio

nal P

lan D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-i)

Rep

urch

ase P

rice

2. Lo

west

dur

ing

the y

ear

Divid

end

4.540

13.8

376

3.531

68.6

459

5.787

1 5.2

136

--

-9.9

953

9.995

3 9.9

941

10.00

1810

.0018

9.9

900

9.986

2 10

.0112

10

.0002

Grow

th4.5

401

3.837

1 3.5

311

8.645

95.7

876

5.214

0 25

.1035

24

.0559

22.13

0612

.9807

12.35

12

11.32

2912

.9277

12.19

68

11.10

31

12.55

48

12.08

80

11.18

67Bo

nus

--

--

--

13.18

2812

.6327

11

.6217

--

--

--

--

-W

eekly

Divi

dend

--

--

--

--

-10

.3197

10.23

74

10.08

7510

.3033

10.20

84

10.04

54

10.26

30

10.22

26

10.09

23Fo

rtnigh

tly D

ivide

nd-

--

--

--

--

10.17

6310

.1361

10

.0463

10.11

9210

.0730

9.9

900

10.05

43

10.04

40

10.00

00M

onth

ly Di

viden

d-

--

--

--

--

--

--

--

--

-Qu

arte

rly D

ivide

nd-

--

--

-14

.2082

13.61

54

12.74

13-

--

--

--

--

Annu

al Di

viden

d-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Divi

dend

--

--

--

10.46

0910

.3989

10

.2752

--

--

--

--

-In

stitu

tiona

l Gro

wth

--

--

--

15.14

6714

.5141

13

.3511

--

--

--

--

-In

stitu

tiona

l Dail

y Divi

dend

--

--

--

10.01

5910

.0159

10

.0159

--

--

--

--

-Su

per I

nstit

ution

al Da

ily D

ivide

nd-

--

--

-10

.0165

10.01

65

10.01

65-

--

--

--

--

Supe

r Ins

titut

ional

Wee

kly D

ivide

nd-

--

--

-10

.0000

10.00

00

10.00

00-

--

--

--

--

Supe

r Ins

titut

ional

Grow

th-

--

--

-14

.4012

13.80

02

12.69

55-

--

--

--

--

Prem

ium Pl

an D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Divi

dend

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an G

rowt

h-

--

--

--

--

--

--

--

--

-Re

gular

Plan

Dail

y Divi

dend

--

--

--

10.43

02

10.43

02

10.43

02-

--

--

--

--

Regu

lar Pl

an W

eekly

Divi

dend

--

--

--

10.70

4510

.6409

10

.5134

--

--

--

--

-In

stitu

tiona

l Plan

Dail

y Divi

dend

--

--

--

--

--

--

--

--

--

ii) R

esal

e Pric

e

90


Hi F

i Fun

dJM

Fina

ncia

l Ser

vice

s Fun

dJM

Hig

h Liq

uidi

ty Fu

nd

JM M

oney

Man

ager

Fund

- Sup

er

Plus

Pla

nJM

Mon

ey M

anag

er Fu

nd - S

uper

Pl

anJM

Mon

ey M

anag

er Fu

nd - R

egul

ar

Plan

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

23-0

9-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

1. H

ighe

st d

urin

g th

e yea

rDi

viden

d 6.7

782

6.022

6 12

.4656

12.89

259.7

981

15.42

75

--

-10

.0053

10.00

58

10.00

5310

.0118

10.01

18

10.01

18

10.01

12

10.01

12

10.01

12Gr

owth

6.778

26.0

226

12.46

5812

.8925

9.798

5 15

.4302

26

.7560

25

.1001

24

.0509

13.82

1312

.9844

12

.3583

13.86

9512

.9302

12

.2035

13

.4680

12

.5770

12

.0850

Bonu

s-

--

--

-14

.0506

13.18

10

12.63

01-

--

--

--

--

Wee

kly D

ivide

nd-

--

--

--

--

10.43

3610

.3351

10

.2544

10.43

0010

.3204

10

.2273

10

.4011

10

.2952

10

.2294

Fortn

ightly

Divi

vend

--

--

--

--

-10

.2601

10.19

97

10.16

6710

.2069

10.14

62

10.10

20

10.16

12

10.09

52

10.06

35M

onth

ly Di

viden

d-

--

--

--

--

--

--

--

--

-Qu

arte

rly D

ivide

nd-

--

--

-15

.1441

14.20

63

13.84

47-

--

--

--

--

Annu

al Di

viden

d-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Divi

dend

--

--

--

10.56

8210

.4659

10

.4065

--

--

--

--

-In

stitu

tiona

l Gro

wth

--

--

--

16.14

2815

.1447

14

.5111

--

--

--

--

-In

stitu

tiona

l Dail

y Divi

dend

--

--

--

10.01

5910

.0159

10

.0159

--

--

--

--

-Su

per I

nstit

ution

al Da

ily D

ivide

nd-

--

--

-10

.0165

10.01

65

10.01

65-

--

--

--

--

Supe

r Ins

titut

ional

Wee

kly D

ivide

nd-

--

--

-10

.0352

10.00

00

10.02

94-

--

--

--

--

Supe

r Ins

titut

ional

Grow

th-

--

--

-15

.3494

14.39

93

13.79

73-

--

--

--

--

Prem

ium Pl

an D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-

Prem

ium Pl

an D

ivide

nd-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Gro

wth

--

--

--

--

--

--

--

--

--

Regu

lar Pl

an D

aily D

ivide

nd-

--

--

-10

.4302

10

.4302

10

.4302

--

--

--

--

-Re

gular

Plan

Wee

kly D

ivide

nd-

--

--

-10

.8140

10.70

97

10.64

87-

--

--

--

--

Insti

tutio

nal P

lan D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-

ii) R

esal

e Pric

e2.

Lowe

st d

urin

g th

e yea

rDi

viden

d 4.6

423

4.014

2 3.6

942

8.862

06.0

683

5.466

9 -

--

10.00

5310

.0053

10

.0041

10.01

1810

.0118

10

.0000

10

.0112

10

.0112

10

.0002

Grow

th4.6

423

4.013

7 3.6

937

8.862

06.0

688

5.467

3 25

.1035

24

.0559

22.13

0612

.9937

12.36

36

11.33

4212

.9406

12.20

90

11.11

42

12.58

63

12.08

80

11.18

67Bo

nus

--

--

--

13.18

2812

.6327

11.62

17-

--

--

--

--

Wee

kly D

ivide

nd-

--

--

--

--

10.33

0010

.2476

10

.0976

10.31

3610

.2186

10

.0555

10

.2887

10

.2226

10

.0923

Fortn

ightly

Divi

dend

--

--

--

--

-10

.1865

10.14

62

10.05

6410

.1293

10.08

31

10.00

00

10.07

95

10.04

40

10.00

00M

onth

ly Di

viden

d-

--

--

--

--

--

--

--

--

-Qu

arte

rly D

ivide

nd-

--

--

-14

.2082

13.61

54

12.74

13-

--

--

--

--

Annu

al Di

viden

d-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Divi

dend

--

--

--

10.46

0910

.3989

10

.2752

--

--

--

--

-In

stitu

tiona

l Gro

wth

--

--

--

15.14

6714

.5141

13

.3511

--

--

--

--

-In

stitu

tiona

l Dail

y Divi

dend

--

--

--

10.01

5910

.0159

10

.0159

--

--

--

--

-Su

per I

nstit

ution

al Da

ily D

ivide

nd-

--

--

-10

.0165

10.01

65

10.01

65-

--

--

--

--

Supe

r Ins

titut

ional

Wee

kly D

ivide

nd-

--

--

-10

.0000

10.00

00

10.00

00-

--

--

--

--

Supe

r Ins

titut

ional

Grow

th-

--

--

-14

.4012

13.80

02

12.69

55-

--

--

--

--

Prem

ium Pl

an D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-

Prem

ium Pl

an D

ivide

nd-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Gro

wth

--

--

--

--

--

--

--

--

--

Regu

lar Pl

an D

aily D

ivide

nd-

--

--

-10

.4302

10

.4302

10

.4302

--

--

--

--

-Re

gular

Plan

Wee

kly D

ivide

nd-

--

--

-10

.7045

10.64

09

10.51

34-

--

--

--

--

Insti

tutio

nal P

lan D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-F

Ratio

of e

xpen

ses

to a

vera

ge d

aily

Ne

t Ass

ets b

y Per

cent

age

2.50

2.50

2.50

2.50

2.50

2.50

0.21

0.20

0.20

0.32

0.34

0.31

0.38

0.34

0.34

0.36

0.49

0.34

GRa

tlo o

f gl

oss

inco

me

to a

vera

ge

daily

Net

Ass

ets b

y Per

cent

age*

**(2

.68)

35.00

(93.7

6)17

.9444

.19(6

9.14)

7.09

4.40

8.50

5.81

5.14

8.90

7.53

5.94

10.57

7.65

4.53

8.25

Price

Earn

ing Ra

tio Ω

--

--

--

--

--

--

--

--

--

91


RsPE

CTI

VE

HIs

TORI

CA

L PE

R U

NIT

sTA

TIsT

ICs

As

AT 3

1sT

MA

RCH

201

1

(R

s. In

Lak

hs)

JM Fl

oate

r Fun

d- Lo

ng Te

rm P

lan

JM Fl

oate

r Fun

d - S

hort

Term

Pla

nJM

MIP

Fund

JM In

terv

al Fu

nd - Q

uart

erly

Pl

an 1

$$JM

Fixe

d M

atur

ity Fu

nd Se

ries

XVIII

- 15 M

onth

s Pla

n 1 $

$JM

Inco

me F

und

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

23-0

9-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

ANe

t Ass

et Va

lue P

er U

nit

Divid

end

15.44

7014

.5549

13.94

8510

.0883

10.08

8310

.0883

--

-10

.0244

10.00

7410

.0062

10.82

7210

.0495

NA

10.40

799.9

865

10.08

18Gr

owth

15.39

4314

.5053

13.90

0915

.6841

14.81

7614

.2827

15.28

1714

.7442

13.39

2512

.4714

11.69

0811

.2814

10.82

7310

.0494

NA

29.41

8028

.2268

28

.4963

Bonu

s-

--

--

--

--

--

--

--

12.03

5211

.5479

11

.6581

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-Fo

rtnigh

tly D

ivide

nd-

--

--

--

--

--

--

--

--

-M

onth

ly Di

viden

d-

--

--

-10

.1818

10.26

699.6

417

--

--

--

--

-Qu

arte

rly D

ivide

nd-

--

--

-11

.5148

11.10

9810

.0915

--

--

--

--

-An

nual

Divid

end

--

--

--

12.27

6611

.8448

10.75

91-

--

--

--

--

Insti

tutio

nal D

ivide

nd-

--

--

--

--

10.02

5110

.0000

10.00

61-

--

--

-In

stitu

tiona

l Gro

wth

--

--

--

--

-12

.6039

11.77

6311

.3356

--

--

--

Insti

tutio

nal D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al Da

ily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Grow

th-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Dail

y Divi

dend

10

.0031

10.00

3110

.0031

--

--

--

--

--

--

--

-Pr

emium

Plan

Wee

kly D

ivide

nd

10.41

1810

.3135

10.23

92-

--

--

--

--

--

--

--

Prem

ium Pl

an D

ivide

nd10

.2809

10.22

6710

.1880

--

--

--

--

--

--

--

-Pr

emium

Plan

Gro

wth

14.83

5813

.9639

13.36

85-

--

--

--

--

--

--

--

Regu

lar Pl

an D

aily D

ivide

nd10

.0031

10.00

3110

.0031

--

--

--

--

--

--

--

-Re

gular

Plan

Wee

kly D

ivide

nd10

.3795

10.28

3110

.2108

--

--

--

--

--

--

--

-In

stitu

tiona

l Plan

Dail

y Divi

dend

--

--

--

--

--

--

--

--

-B

Gros

s Inc

ome p

er u

nit b

roke

n up

in

to th

e fol

low

ing

com

pone

nts

i) In

com

e oth

er th

an pr

ofit o

n sale

of

inves

tmen

t, pe

r unit

0.67

1.20

3.03

1.78

2.74

0.06

1.05

0.62

0.81

1.04

7.68

41.79

0.74

0.05

NA0.9

20.9

01.0

1

ii) In

com

e (ne

t) fro

m pr

ofit o

n int

ersch

eme s

ale/tr

ansfe

r of

inves

tmen

t, pe

r unit

(0.00

)-

0.01

(0.00

)0.0

40.0

0(0

.05)

(0.01

)(0

.23)

- -

(0.59

) -

-NA

0.02

(0.01

)(0

.28)

iii) In

com

e (ne

t) fro

m pr

ofit o

n sale

of

inves

tmen

t to t

hird p

arty,

per u

nit(0

.01)

-0.0

00.0

00.0

20.0

00.1

60.3

0(1

.12)

0.00

-0.7

00.0

9-

NA0.2

0(0

.71)

(1.31

)iv)

Tran

sfer t

o Rev

enue

acco

unt f

rom

past

year

s' re

serv

es, p

er un

it-

--

--

--

--

--

--

-NA

--

-

(v) C

hang

e in

unre

alise

d ap

prec

iation

/ (d

epre

ciatio

n)0.0

1(0

.02)

0.00

0.00

(0.00

)0.0

0(0

.23)

0.57

0.16

- -

0.00

(0.00

)0.0

0NA

(0.05

)0.0

10.0

2

Gro

ss In

com

e (To

tal o

f i to

v) 0.

67

1.18

3.04

1.78

2.

800.

06 0.

93

1.48

(0.3

8) 1.

04

7.68

41.9

0 0.

83

0.05

NA 1.

090.

19(0

.56)

Ci)

Aggr

egat

e of e

xpen

ses,

write

off,

amor

tizat

ion an

d cha

rges

, 0.

05

0.13

0.20

0.07

0.1

70.0

0 0.

37

0.28

0.32

0.03

2.6

00.6

7 0.

05

0.00

NA 0.

38

0.43

0.31

per u

nit in

dicat

ing s

epar

ately

pro

vision

fo

r dep

recia

tion i

n valu

e

of in

vestm

ents,

per u

nit

ii) Pr

ovisi

on fo

r dep

recia

tion

in th

e valu

e of

inve

stmen

ts-

--

--

--

--

--

--

-NA

--

-

Gros

s Exp

ense

s ( To

tal o

f I to

ii )

0.05

0.

130.

20 0.

07

0.17

0.00

0.37

0.

280.

32 0.

03

2.60

0.67

0.05

0.

00NA

0.38

0.

430.

31D

Net I

ncom

e (B-

C) 0.

62

1.05

2.84

1.71

2.

630.

06 0.

56

1.20

(0.7

0) 1.

01

5.08

41.2

3 0.

78

0.05

NA 0.

71(0

.24)

(0.8

7)E

If th

e un

its a

re tr

aded

or r

epur

chas

ed /

reso

ld, th

e high

est a

nd th

e low

est p

rices

pe

r unit

dur

ing th

e ye

ar a

nd th

e pr

ice-

earn

ing ra

tio

92


Floa

ter F

und-

Long

Term

Pla

nJM

Floa

ter F

und

- Sho

rt Te

rm P

lan

JM M

IP Fu

ndJM

Inte

rval

Fund

- Qua

rter

ly

Plan

1 $$

JM Fi

xed

Mat

urity

Fund

Serie

s XV

III - 1

5 Mon

ths P

lan

1 $$

JM In

com

e Fun

d

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

23-0

9-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

i) R

epur

chas

e Pric

e1.

Hig

hest

dur

ing

the y

ear

Divid

end

15.36

9814

.4821

13

.8788

10.08

8310

.0883

10

.0883

--

-10

.2250

10.02

66

10.17

29

10.82

72

10.04

95

NA10

.3038

9.998

710

.5585

Grow

th15

.3173

14.43

28

13.83

1415

.6841

14.81

76

14.28

2715

.4438

14.72

61

14.36

5012

.4714

11.57

39

11.16

86

10.82

73

10.04

94

NA29

.1238

28.26

1329

.8437

Bonu

s-

--

--

--

--

--

--

--

12.03

5211

.6788

12.33

27W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Fortn

ightly

Divi

dend

--

--

--

--

--

--

--

--

--

Mon

thly

Divid

end

--

--

--

10.29

5210

.3483

10

.6640

--

--

--

--

-Qu

arte

rly D

ivide

nd-

--

--

-11

.5785

11.09

62

11.23

60-

--

--

--

--

Annu

al Di

viden

d-

--

--

-12

.3446

11.83

04

11.95

21-

--

--

--

--

Insti

tutio

nal D

ivide

nd-

--

--

--

--

10.23

1210

.0267

10

.1874

-

--

--

-In

stitu

tiona

l Gro

wth

--

--

--

--

-12

.6039

11.65

85

11.22

22

--

--

--

Insti

tutio

nal D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Daily

Divi

dend

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al W

eekly

Divi

dend

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al Gr

owth

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Dail

y Divi

dend

10.00

3110

.0031

10

.0031

--

--

--

--

--

--

--

Prem

ium Pl

an W

eekly

Divi

dend

10.41

1810

.3180

10

.2481

--

--

--

--

--

--

--

Prem

ium Pl

an D

ivide

nd10

.2939

10.23

85

10.21

00-

--

--

--

--

--

--

-Pr

emium

Plan

Gro

wth

14.83

5813

.9639

13

.3685

--

--

--

--

--

--

--

Regu

lar Pl

an D

aily D

ivide

nd10

.0031

9.953

1 9.9

531

--

--

--

--

--

--

--

Regu

lar Pl

an W

eekly

Divi

dend

10.32

7610

.2360

10

.1684

--

--

--

--

--

--

--

Insti

tutio

nal P

lan D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-i)

Rep

urch

ase P

rice

2. Lo

west

dur

ing

the y

ear

Divid

end

14.49

2213

.8818

12

.8960

10.08

8310

.0883

10

.0883

--

-10

.0000

9.900

0 9.9

000

10.05

99

10.00

00

NA9.8

930

9.742

8 9.9

771

Grow

th14

.4428

13.83

45

12.85

2214

.8195

14.28

65

13.24

3914

.5395

13.37

97

13.15

4811

.6965

11.17

14

10.14

14

10.05

99

10.00

00

NA27

.9625

27.53

80

28.20

03Bo

nus

--

--

--

--

--

--

--

-11

.5553

11.37

99

11.65

36W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Fortn

ightly

Divi

dend

--

--

--

--

--

--

--

--

--

Mon

thly

Divid

end

--

--

--

9.851

79.6

325

9.470

6-

--

--

--

--

Quar

terly

Divi

dend

--

--

--

10.95

5410

.0817

10

.0166

--

--

--

--

-An

nual

Divid

end

--

--

--

11.68

0210

.7487

10

.6793

--

--

--

--

-In

stitu

tiona

l Divi

dend

--

--

--

--

-10

.0000

9.900

0 9.9

000

--

--

--

Insti

tutio

nal G

rowt

h-

--

--

--

--

11.78

2911

.2250

10

.1295

-

--

--

-In

stitu

tiona

l Dail

y Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Daily

Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al Gr

owth

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an D

aily D

ivide

nd10

.0031

10.00

31

10.00

04-

--

--

--

--

--

--

--

Prem

ium Pl

an W

eekly

Divi

dend

10.31

3310

.2406

10

.1131

--

--

--

--

--

--

--

-Pr

emium

Plan

Divi

dend

10.22

6610

.1898

10

.1248

--

--

--

--

--

--

--

-Pr

emium

Plan

Gro

wth

13.97

3813

.3716

12

.4096

--

--

--

--

--

--

--

-Re

gular

Plan

Dail

y Divi

dend

10.00

319.9

531

9.950

4-

--

--

--

--

--

--

--

Regu

lar Pl

an W

eekly

Divi

dend

10.23

1510

.1611

10

.0365

--

--

--

--

--

--

--

-In

stitu

tiona

l Plan

Dail

y Divi

dend

--

--

--

--

--

--

--

--

--

ii) R

esal

e Pric

e

93


Floa

ter F

und-

Long

Term

Pla

nJM

Floa

ter F

und

- Sho

rt Te

rm P

lan

JM M

IP Fu

ndJM

Inte

rval

Fund

- Qua

rter

ly

Plan

1 $$

JM Fi

xed

Mat

urity

Fund

Serie

s XV

III - 1

5 Mon

ths P

lan

1 $$

JM In

com

e Fun

d

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

23-0

9-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

1. H

ighe

st d

urin

g th

e yea

rDi

viden

d 15

.4470

14.55

49

13.94

8510

.0883

10.08

83

10.08

83-

--

10.22

5010

.1279

10

.2757

10

.8272

10

.0495

NA

10.40

7910

.0997

10

.6652

Grow

th15

.3943

14.50

53

13.90

0915

.6841

14.81

76

14.28

2715

.4438

14.80

01

14.43

7212

.4714

11.69

08

11.28

14

10.82

73

10.04

94

NA29

.4180

28.54

68

30.14

52Bo

nus

--

--

--

--

--

--

--

-12

.0352

11.67

88

12.33

27W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Fortn

ightly

Divi

vend

--

--

--

--

--

--

--

--

--

Mon

thly

Divid

end

--

--

--

10.34

6910

.4003

10

.7176

--

--

--

--

-Qu

arte

rly D

ivide

nd-

--

--

-11

.6367

11.15

20

11.29

25-

--

--

--

--

Annu

al Di

viden

d-

--

--

-12

.4066

11.88

98

12.01

22-

--

--

--

--

Insti

tutio

nal D

ivide

nd-

--

--

--

--

10.23

1210

.1280

10

.2903

-

--

--

-In

stitu

tiona

l Gro

wth

--

--

--

--

-12

.6039

11.77

63

11.33

56

--

--

--

Insti

tutio

nal D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al Da

ily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Grow

th-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Dail

y Divi

dend

10.00

3110

.0031

10

.0031

--

--

--

--

--

--

--

-Pr

emium

Plan

Wee

kly D

ivide

nd10

.4118

10.31

80

10.24

81-

--

--

--

--

--

--

--

Prem

ium Pl

an D

ivide

nd10

.2939

10.23

85

10.21

00-

--

--

--

--

--

--

--

Prem

ium Pl

an G

rowt

h14

.8358

13.96

39

13.36

85-

--

--

--

--

--

--

--

Regu

lar Pl

an D

aily D

ivide

nd10

.0031

10.00

31

10.00

31-

--

--

--

--

--

--

--

Regu

lar Pl

an W

eekly

Divi

dend

10.37

9510

.2874

10

.2195

--

--

--

--

--

--

--

-In

stitu

tiona

l Plan

Dail

y Divi

dend

--

--

--

--

--

--

--

--

--

ii) R

esal

e Pric

e2.

Lowe

st d

urin

g th

e yea

rDi

viden

d 14

.5650

13.95

16

12.96

0810

.0883

10.08

83

10.08

83-

--

10.00

0010

.0000

10

.0000

10

.0599

10

.0000

NA

9.992

99.8

412

10.07

79Gr

owth

14.51

5413

.9040

12

.9168

14.81

9514

.2865

13

.2439

14.61

2613

.4469

13

.2209

11.69

6511

.2842

10

.2438

10

.0599

10

.0000

NA

28.24

4927

.8162

28

.4852

Bonu

s-

--

--

--

--

--

--

--

11.55

5311

.3799

11

.6536

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-Fo

rtnigh

tly D

ivide

nd-

--

--

--

--

--

--

--

--

-M

onth

ly Di

viden

d-

--

--

-9.9

012

9.680

9 9.5

182

--

--

--

--

-Qu

arte

rly D

ivide

nd-

--

--

-11

.0105

10.13

24

10.06

69-

--

--

--

--

Annu

al Di

viden

d-

--

--

-11

.7389

10.80

27

10.73

30-

--

--

--

--

Insti

tutio

nal D

ivide

nd-

--

--

--

--

10.00

0010

.0000

10

.0000

-

--

--

-In

stitu

tiona

l Gro

wth

--

--

--

--

-11

.7829

11.33

84

10.23

18

--

--

--

Insti

tutio

nal D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al Da

ily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Grow

th-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Dail

y Divi

dend

10.00

3110

.0031

10

.0004

--

--

--

--

--

--

--

-Pr

emium

Plan

Wee

kly D

ivide

nd10

.3133

10.24

06

10.11

31-

--

--

--

--

--

--

--

Prem

ium Pl

an D

ivide

nd10

.2266

10.18

98

10.12

48-

--

--

--

--

--

--

--

Prem

ium Pl

an G

rowt

h13

.9738

13.37

16

12.40

96-

--

--

--

--

--

--

--

Regu

lar Pl

an D

aily D

ivide

nd10

.0031

10.00

31

10.00

04-

--

--

--

--

--

--

--

Regu

lar Pl

an W

eekly

Divi

dend

10.28

2910

.2122

10

.0869

--

--

--

--

--

--

--

-In

stitu

tiona

l Plan

Dail

y Divi

dend

--

--

--

--

--

--

--

--

--

FRa

tio o

f exp

ense

s to

ave

rage

dai

ly

Net A

sset

s by P

erce

ntag

e0.5

20.5

40.5

40.2

50.2

50.2

52.2

52.2

52.2

50.2

12.0

50.1

60.4

50.4

5 NA

2.25

2.25

2.06

GRa

tlo o

f gl

oss

inco

me

to a

vera

ge

daily

Net

Ass

ets b

y Per

cent

age*

**6.9

74.8

18.0

66.0

24.1

47.9

85.6

711

.76(2

.54)

8.29

6.06

10.41

7.91

0.52

NA6.4

40.9

6(3

.73)

Price

Earn

ing Ra

tio Ω

--

--

--

--

--

--

--

--

--

94


RsPE

CTI

VE

HIs

TORI

CA

L PE

R U

NIT

sTA

TIsT

ICs

As

AT 3

1sT

MA

RCH

201

1

(R

s. In

Lak

hs)

JM Sh

ort T

erm

Fund

JM G

Sec F

und

Regu

lar P

lan

JM Co

ntra

Fund

JM A

rbitr

age A

dvan

tage

Fund

JM N

ifty P

lus F

und

JM Fi

xed

Mat

urity

Fund

Serie

s XI

X - P

lan

A $$

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

23-0

9-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

07-0

2-11

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

ANe

t Ass

et Va

lue P

er U

nit

Divid

end

11.51

3911

.4531

11.38

9014

.5936

14.24

3713

.1872

5.125

75.6

019

3.276

410

.2094

10.08

8910

.0959

16.86

3415

.2019

10.72

8610

.1741

NANA

Grow

th19

.2028

18.00

3216

.9959

31.06

6229

.7990

27.58

875.1

257

5.601

93.2

764

13.80

0912

.9240

12.44

3818

.5167

16.69

8210

.7286

10.17

41NA

NABo

nus

--

-15

.1078

14.49

1513

.4165

--

--

--

--

--

--

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-Fo

rtnigh

tly D

ivide

nd-

--

--

--

--

--

--

--

--

-M

onth

ly Di

viden

d-

--

--

--

--

--

--

--

--

-Qu

arte

rly D

ivide

nd-

--

--

--

--

--

--

--

--

-An

nual

Divid

end

--

--

--

--

--

--

--

--

--

Insti

tutio

nal D

ivide

nd10

.4507

10.39

2610

.3304

--

--

--

--

--

--

--

-In

stitu

tiona

l Gro

wth

13.87

8812

.9657

12.19

35-

--

--

--

--

--

--

--

Insti

tutio

nal D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al Da

ily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Grow

th-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Dail

y Divi

dend

-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Wee

kly D

ivide

nd

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an D

ivide

nd-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Gro

wth

--

--

--

--

--

--

--

--

--

Regu

lar Pl

an D

aily D

ivide

nd10

.0000

NANA

--

--

--

--

--

--

--

-Re

gular

Plan

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Plan

Dail

y Divi

dend

10.00

00NA

NA-

--

--

--

--

--

--

--

BGr

oss I

ncom

e per

uni

t bro

ken

up

into

the f

ollo

win

g co

mpo

nent

si)

Inco

me o

ther

than

profi

t on s

ale of

inv

estm

ent,

per u

nit0.1

21.8

91.4

02.3

82.5

50.3

90.1

20.0

60.0

70.7

30.2

90.8

00.3

50.1

60.0

30.0

1NA

NA

ii) In

com

e (ne

t) fro

m pr

ofit o

n int

ersch

eme s

ale/tr

ansfe

r of

inves

tmen

t, pe

r unit

0.00

0.00

(0.22

)0.0

50.5

70.0

3(0

.07)

0.03

(0.71

) -

0.08

(0.88

) -

-0.0

0 -

NANA

iii) In

com

e (ne

t) fro

m pr

ofit o

n sale

of

inves

tmen

t to t

hird p

arty,

per u

nit0.0

00.3

40.6

70.1

85.8

00.1

7(0

.15)

(1.03

)(4

.33)

(0.75

)0.3

80.4

81.4

33.2

80.0

8 -

NANA

iv) Tr

ansfe

r to R

even

ue ac

coun

t fro

m pa

st ye

ars'

rese

rves

, per

unit

--

--

--

--

--

--

--

--

NANA

(v) C

hang

e in

unre

alise

d ap

prec

iation

/

(dep

recia

tion)

0.00

(0.04

)0.0

00.0

0(0

.03)

0.00

(0.01

)4.1

8(1

.55)

2.12

(0.09

)1.1

70.1

72.8

60.6

20.1

7NA

NA

Gro

ss In

com

e (To

tal o

f i to

v) 0.

122.

191.

85 2.

61

8.89

0.59

(0.1

1)3.

24(6

.52)

2.10

0.

661.

57 1.

95

6.30

0.73

0.18

NA

NA

Ci)

Aggr

egat

e of e

xpen

ses,

write

off,

amor

tizat

ion an

d cha

rges

, 0.

01

0.28

0.15

0.91

1.4

10.1

6 0.

19

0.14

0.16

0.34

0.1

40.2

7 0.

23

0.19

0.02

0.00

NA

NA

per u

nit in

dicat

ing s

epar

ately

pro

vision

fo

r dep

recia

tion i

n valu

e

of in

vestm

ents,

per u

nit

ii) P

rovis

ion fo

r dep

recia

tion

in th

e valu

e of

inve

stmen

ts-

--

--

--

--

--

--

--

-NA

NA

Gros

s Exp

ense

s ( To

tal o

f I to

ii )

0.01

0.

280.

15 0.

91

1.41

0.16

0.19

0.

140.

16 0.

34

0.14

0.27

0.23

0.

190.

02 0.

00

NANA

DNe

t Inc

ome (

B-C)

0.11

1.91

1.70

1.70

7.

480.

43 (0

.30)

3.10

(6.6

8) 1.

76

0.52

1.30

1.72

6.

110.

71 0.

18NA

NAE

If th

e un

its a

re tr

aded

or r

epur

chas

ed /

reso

ld, th

e high

est a

nd th

e low

est p

rices

pe

r unit

dur

ing th

e ye

ar a

nd th

e pr

ice-

earn

ing ra

tio

95


Shor

t Ter

m Fu

ndJM

G Se

c Fun

d Re

gula

r Pla

nJM

Cont

ra Fu

ndJM

Arb

itrag

e Adv

anta

ge Fu

ndJM

Nift

y Plu

s Fun

dJM

Fixe

d M

atur

ity Fu

nd Se

ries

XIX -

Pla

n A

$$01

-04-

10

to 31

-03

-11

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

23-0

9-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

07-0

2-11

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

i) R

epur

chas

e Pric

e1.

Hig

hest

dur

ing

the y

ear

Divid

end

11.54

5611

.5097

11.61

1514

.5108

14.16

73

14.35

346.7

570

5.773

9 11

.2459

10.30

4910

.1468

10.27

2917

.9178

16.44

68

10.64

0710

.1741

NANA

Grow

th19

.2028

18.00

3216

.9959

30.83

3229

.6392

30

.0232

6.757

05.7

740

11.24

6013

.7319

12.86

8512

.3816

19.67

4516

.4713

10

.6407

10.17

41NA

NABo

nus

--

-15

.1078

14.52

27

14.71

34-

--

--

--

--

--

-W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Fortn

ightly

Divi

dend

--

--

--

--

--

--

--

--

--

Mon

thly

Divid

end

--

--

--

--

--

--

--

--

--

Quar

terly

Divi

dend

--

--

--

--

--

--

--

--

--

Annu

al Di

viden

d-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Divi

dend

10.48

0810

.4412

10

.5308

--

--

--

--

--

--

--

-In

stitu

tiona

l Gro

wth

13.87

8812

.9657

12

.1935

--

--

--

--

--

--

--

-In

stitu

tiona

l Dail

y Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Daily

Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al Gr

owth

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Divi

dend

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an G

rowt

h-

--

--

--

--

--

--

--

--

-Re

gular

Plan

Dail

y Divi

dend

10.00

00-

--

--

--

--

--

--

--

--

Regu

lar Pl

an W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Insti

tutio

nal P

lan D

aily D

ivide

nd10

.0000

--

--

--

--

--

--

--

--

-i)

Rep

urch

ase P

rice

2. Lo

west

dur

ing

the y

ear

Divid

end

11.44

9411

.3928

11

.2397

14.07

1613

.0850

10

.4173

4.678

43.2

574

2.716

110

.0357

9.965

59.8

333

13.60

1410

.5706

8.9

412

10.00

00NA

NAGr

owth

18.01

0817

.0016

14

.6651

29.62

7127

.3748

21

.7896

4.678

43.2

574

2.716

012

.8558

12.35

1311

.4922

14.93

8410

.5706

8.9

412

10.00

00NA

NABo

nus

--

-14

.4079

13.41

31

10.68

08-

--

--

--

--

--

-W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Fortn

ightly

Divi

dend

--

--

--

--

--

--

--

--

--

Mon

thly

Divid

end

--

--

--

--

--

--

--

--

--

Quar

terly

Divi

dend

--

--

--

--

--

--

--

--

--

Annu

al Di

viden

d-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Divi

dend

10.38

9310

.3341

10

.1909

--

--

--

--

--

--

--

-In

stitu

tiona

l Gro

wth

12.97

1812

.1978

10

.4817

--

--

--

--

--

--

--

-In

stitu

tiona

l Dail

y Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Daily

Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al Gr

owth

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Divi

dend

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an G

rowt

h-

--

--

--

--

--

--

--

--

-Re

gular

Plan

Dail

y Divi

dend

10.00

00-

--

--

--

--

--

--

--

--

Regu

lar Pl

an W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Insti

tutio

nal P

lan D

aily D

ivide

nd10

.0000

--

--

--

--

--

--

--

--

-ii)

Res

ale P

rice

96


Shor

t Ter

m Fu

ndJM

G Se

c Fun

d Re

gula

r Pla

nJM

Cont

ra Fu

ndJM

Arb

itrag

e Adv

anta

ge Fu

ndJM

Nift

y Plu

s Fun

dJM

Fixe

d M

atur

ity Fu

nd Se

ries

XIX -

Pla

n A

$$01

-04-

10

to 31

-03

-11

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

23-0

9-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

01-0

4-10

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

07-0

2-11

to

31-

03-1

1

01-0

4-09

to

31-

03-1

0

01-0

4-08

to

31-

03-0

9

1. H

ighe

st d

urin

g th

e yea

rDi

viden

d 11

.5456

11.50

97

11.61

1514

.6205

14.27

44

14.46

196.9

090

6.039

7 11

.7637

10.35

6710

.1978

10.32

4518

.7426

17.20

40

11.13

0510

.1741

NANA

Grow

th19

.2028

18.00

32

16.99

5931

.0662

29.86

32

30.25

016.9

090

6.039

8 11

.7638

13.80

0912

.9332

12.44

3820

.5803

17.22

95

11.13

0510

.1741

NANA

Bonu

s-

--

15.10

7814

.5227

14

.7134

--

--

--

--

--

--

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-Fo

rtnigh

tly D

ivive

nd-

--

--

--

--

--

--

--

--

-M

onth

ly Di

viden

d-

--

--

--

--

--

--

--

--

-Qu

arte

rly D

ivide

nd-

--

--

--

--

--

--

--

--

-An

nual

Divid

end

--

--

--

--

--

--

--

--

--

Insti

tutio

nal D

ivide

nd10

.4808

10.44

12

10.53

08-

--

--

--

--

--

--

--

Insti

tutio

nal G

rowt

h13

.8788

12.96

57

12.19

35-

--

--

--

--

--

--

--

Insti

tutio

nal D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al Da

ily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Grow

th-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Dail

y Divi

dend

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an D

ivide

nd-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Gro

wth

--

--

--

--

--

--

--

--

--

Regu

lar Pl

an D

aily D

ivide

nd10

.0000

--

--

--

--

--

--

--

--

-Re

gular

Plan

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Plan

Dail

y Divi

dend

10.00

00-

--

--

--

--

--

--

--

--

ii) R

esal

e Pric

e2.

Lowe

st d

urin

g th

e yea

rDi

viden

d 11

.4494

11.39

28

11.23

9714

.1779

13.18

39

10.49

604.7

837

3.407

4 2.8

411

10.08

6110

.0156

9.882

714

.2276

11.05

72

9.352

810

.0000

NANA

Grow

th18

.0108

17.00

16

14.66

5129

.8510

27.58

17

21.95

434.7

837

3.407

4 2.8

410

12.92

0412

.4134

11.54

9915

.6260

11.05

72

9.352

810

.0000

NANA

Bonu

s-

--

14.51

6813

.4131

10

.6808

--

--

--

--

--

--

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-Fo

rtnigh

tly D

ivide

nd-

--

--

--

--

--

--

--

--

-M

onth

ly Di

viden

d-

--

--

--

--

--

--

--

--

-Qu

arte

rly D

ivide

nd-

--

--

--

--

--

--

--

--

-An

nual

Divid

end

--

--

--

--

--

--

--

--

--

Insti

tutio

nal D

ivide

nd10

.3893

10.33

41

10.19

09-

--

--

--

--

--

--

--

Insti

tutio

nal G

rowt

h12

.9718

12.19

78

10.48

17-

--

--

--

--

--

--

--

Insti

tutio

nal D

aily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al Da

ily D

ivide

nd-

--

--

--

--

--

--

--

--

-Su

per I

nstit

ution

al W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Supe

r Ins

titut

ional

Grow

th-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Dail

y Divi

dend

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an W

eekly

Divi

dend

--

--

--

--

--

--

--

--

--

Prem

ium Pl

an D

ivide

nd-

--

--

--

--

--

--

--

--

-Pr

emium

Plan

Gro

wth

--

--

--

--

--

--

--

--

--

Regu

lar Pl

an D

aily D

ivide

nd10

.0000

--

--

--

--

--

--

--

--

-Re

gular

Plan

Wee

kly D

ivide

nd-

--

--

--

--

--

--

--

--

-In

stitu

tiona

l Plan

Dail

y Divi

dend

10.00

00-

--

--

--

--

--

--

--

--

FRa

tio o

f ex

pens

es t

o av

erag

e da

ily

Net A

sset

s by P

erce

ntag

e0.7

60.8

20.8

32.2

52.2

52.0

52.3

72.3

42.2

11.0

11.0

71.4

41.2

11.2

01.2

50.3

0NA

NA

GRa

tlo o

f gl

oss

inco

me

to a

vera

ge

daily

Net

Ass

ets b

y Per

cent

age*

**7.7

86.3

310

.266.4

414

.177.5

3(1

.31)

53.12

(91.4

2)6.2

74.9

78.4

110

.4840

.837.0

31.7

7NA

NA

Price

Earn

ing Ra

tio Ω

--

--

--

--

--

--

--

--

--

97


RsPE

CTI

VE

HIs

TORI

CA

L PE

R U

NIT

sTA

TIsT

ICs

As

AT 3

1sT

MA

RCH

201

1

(R

s. In

Lak

hs)

JM Fi

xed

Mat

urity

Fund

Serie

s XIX

- Pla

n B

$$JM

Fixe

d M

atur

ity Fu

nd Se

ries X

IX - P

lan

C $$

JM Fi

xed

Mat

urity

Fund

Serie

s XIX

- Pla

n D

$$

23-0

2-11

to 31

-03-

1101

-04-

09 to

31-0

3-10

01-0

4-08

to 31

-03-

0911

-03-

11 to

31-0

3-11

01-0

4-09

to 31

-03-

1001

-04-

08 to

31-0

3-09

25-0

3-11

to 31

-03-

1101

-04-

09 to

31-0

3-10

01-0

4-08

to 31

-03-

09

ANe

t Ass

et Va

lue P

er U

nit

Divid

end

10.00

27NA

NA10

.0899

NANA

10.14

59NA

NAGr

owth

10.09

83NA

NA10

.0899

NANA

10.14

59NA

NABo

nus

--

--

--

--

-W

eekly

Divi

dend

--

--

--

--

-Fo

rtnigh

tly D

ivide

nd-

--

--

--

--

Mon

thly

Divid

end

--

--

--

--

-Qu

arte

rly D

ivide

nd-

--

--

--

--

Annu

al Di

viden

d-

--

--

--

--

Insti

tutio

nal D

ivide

nd-

--

--

--

--

Insti

tutio

nal G

rowt

h-

--

--

--

--

Insti

tutio

nal D

aily D

ivide

nd-

--

--

--

--

Supe

r Ins

titut

ional

Daily

Divi

dend

--

--

--

--

-Su

per I

nstit

ution

al W

eekly

Divi

dend

--

--

--

--

-Su

per I

nstit

ution

al Gr

owth

--

--

--

--

-Pr

emium

Plan

Dail

y Divi

dend

-

--

--

--

--

Prem

ium Pl

an W

eekly

Divi

dend

-

--

--

--

--

Prem

ium Pl

an D

ivide

nd-

--

--

--

--

Prem

ium Pl

an G

rowt

h-

--

--

--

--

Regu

lar Pl

an D

aily D

ivide

nd-

--

--

--

--

Regu

lar Pl

an W

eekly

Divi

dend

--

--

--

--

-In

stitu

tiona

l Plan

Dail

y Divi

dend

--

--

--

--

-B

Gros

s Inc

ome p

er u

nit b

roke

n up

into

the

follo

win

g co

mpo

nent

si)

Inco

me o

ther

than

profi

t on s

ale of

inv

estm

ent,

per u

nit0.1

0NA

NA0.0

1NA

NA0.0

1NA

NA

ii) In

com

e (ne

t) fro

m pr

ofit o

n int

ersch

eme s

ale/tr

ansfe

r of

inves

tmen

t, pe

r unit

- NA

NA -

NANA

- NA

NAiii)

Inco

me (

net)

from

profi

t on s

ale of

inv

estm

ent t

o thir

d par

ty,pe

r unit

(0.00

)NA

NA -

NANA

- NA

NA

iv) Tr

ansfe

r to R

even

ue ac

coun

t fro

m pa

st ye

ars'

rese

rves

, per

unit

-NA

NA-

NANA

-NA

NA

(v) C

hang

e in u

nrea

lised

appr

eciat

ion /

(dep

recia

tion)

- NA

NA0.0

8NA

NA0.1

4NA

NA

Gro

ss In

com

e (To

tal o

f i to

v) 0.

10

NANA

0.09

NA

NA 0.

15

NANA

Ci)

Aggr

egat

e of e

xpen

ses,

write

off, a

mor

tizat

ion an

d cha

rges

, 0.

00

NANA

0.00

NA

NA 0.

00

NANA

per u

nit in

dicat

ing se

para

tely

prov

ision

for d

epre

ciatio

n in v

alue

of in

vestm

ents,

per u

nit

ii) Pr

ovisi

on fo

r dep

recia

tion i

n the

value

of in

vestm

ents

-NA

NA-

NANA

-NA

NAGr

oss E

xpen

ses (

Tota

l of I

to ii

) 0.

00

NANA

0.00

NA

NA 0.

00

NANA

DNe

t Inc

ome (

B-C)

0.10

NA

NA 0.

09

NANA

0.15

NA

NAE

If th

e un

its a

re tr

aded

or r

epur

chas

ed /

reso

ld, th

e hig

hest

and

the

lowes

t pric

es pe

r unit

durin

g the

year

and t

he pr

ice-e

arnin

g rat

ioi)

Rep

urch

ase P

rice

1. H

ighe

st d

urin

g th

e yea

rDi

viden

d 10

.0957

NANA

10.08

99NA

NA10

.1459

NANA

Grow

th10

.0983

NANA

10.08

99NA

NA10

.1459

NANA

Bonu

s-

--

--

--

--

Wee

kly D

ivide

nd-

--

--

--

--

98


Fixe

d M

atur

ity Fu

nd Se

ries X

IX - P

lan

B $$

JM Fi

xed

Mat

urity

Fund

Serie

s XIX

- Pla

n C $

$JM

Fixe

d M

atur

ity Fu

nd Se

ries X

IX - P

lan

D $$

23-0

2-11

to 31

-03-

1101

-04-

09 to

31-0

3-10

01-0

4-08

to 31

-03-

0911

-03-

11 to

31-0

3-11

01-0

4-09

to 31

-03-

1001

-04-

08 to

31-0

3-09

25-0

3-11

to 31

-03-

1101

-04-

09 to

31-0

3-10

01-0

4-08

to 31

-03-

09

Fortn

ightly

Divi

dend

--

--

--

--

-M

onth

ly Di

viden

d-

--

--

--

--

Quar

terly

Divi

dend

--

--

--

--

-An

nual

Divid

end

--

--

--

--

-In

stitu

tiona

l Divi

dend

--

--

--

--

-In

stitu

tiona

l Gro

wth

--

--

--

--

-In

stitu

tiona

l Dail

y Divi

dend

--

--

--

--

-Su

per I

nstit

ution

al Da

ily D

ivide

nd-

--

--

--

--

Supe

r Ins

titut

ional

Wee

kly D

ivide

nd-

--

--

--

--

Supe

r Ins

titut

ional

Grow

th-

--

--

--

--

Prem

ium Pl

an D

aily D

ivide

nd-

--

--

--

--

Prem

ium Pl

an W

eekly

Divi

dend

--

--

--

--

-Pr

emium

Plan

Divi

dend

--

--

--

--

-Pr

emium

Plan

Gro

wth

--

--

--

--

-Re

gular

Plan

Dail

y Divi

dend

--

--

--

--

-Re

gular

Plan

Wee

kly D

ivide

nd-

--

--

--

--

Insti

tutio

nal P

lan D

aily D

ivide

nd-

--

--

--

--

i) R

epur

chas

e Pric

e2.

Lowe

st d

urin

g th

e yea

rDi

viden

d 10

.0000

NANA

10.00

00NA

NA10

.0000

NANA

Grow

th10

.0000

NANA

10.00

00NA

NA10

.0000

NANA

Bonu

s-

--

--

--

--

Wee

kly D

ivide

nd-

--

--

--

--

Fortn

ightly

Divi

dend

--

--

--

--

-M

onth

ly Di

viden

d-

--

--

--

--

Quar

terly

Divi

dend

--

--

--

--

-An

nual

Divid

end

--

--

--

--

-In

stitu

tiona

l Divi

dend

--

--

--

--

-In

stitu

tiona

l Gro

wth

--

--

--

--

-In

stitu

tiona

l Dail

y Divi

dend

--

--

--

--

-Su

per I

nstit

ution

al Da

ily D

ivide

nd-

--

--

--

--

Supe

r Ins

titut

ional

Wee

kly D

ivide

nd-

--

--

--

--

Supe

r Ins

titut

ional

Grow

th-

--

--

--

--

Prem

ium Pl

an D

aily D

ivide

nd-

--

--

--

--

Prem

ium Pl

an W

eekly

Divi

dend

--

--

--

--

-Pr

emium

Plan

Divi

dend

--

--

--

--

-Pr

emium

Plan

Gro

wth

--

--

--

--

-Re

gular

Plan

Dail

y Divi

dend

--

--

--

--

-Re

gular

Plan

Wee

kly D

ivide

nd-

--

--

--

--

Insti

tutio

nal P

lan D

aily D

ivide

nd-

--

--

--

--

ii) R

esal

e Pric

e1.

Hig

hest

dur

ing

the y

ear

Divid

end

10.09

57NA

NA10

.0899

NANA

10.14

59NA

NAGr

owth

10.09

83NA

NA10

.0899

NANA

10.14

59NA

NABo

nus

--

--

--

--

-W

eekly

Divi

dend

--

--

--

--

-Fo

rtnigh

tly D

ivive

nd-

--

--

--

--

Mon

thly

Divid

end

--

--

--

--

-Qu

arte

rly D

ivide

nd-

--

--

--

--

99


Fixe

d M

atur

ity Fu

nd Se

ries X

IX - P

lan

B $$

JM Fi

xed

Mat

urity

Fund

Serie

s XIX

- Pla

n C $

$JM

Fixe

d M

atur

ity Fu

nd Se

ries X

IX - P

lan

D $$

23-0

2-11

to 31

-03-

1101

-04-

09 to

31-0

3-10

01-0

4-08

to 31

-03-

0911

-03-

11 to

31-0

3-11

01-0

4-09

to 31

-03-

1001

-04-

08 to

31-0

3-09

25-0

3-11

to 31

-03-

1101

-04-

09 to

31-0

3-10

01-0

4-08

to 31

-03-

09

Annu

al Di

viden

d-

--

--

--

--

Insti

tutio

nal D

ivide

nd-

--

--

--

--

Insti

tutio

nal G

rowt

h-

--

--

--

--

Insti

tutio

nal D

aily D

ivide

nd-

--

--

--

--

Supe

r Ins

titut

ional

Daily

Divi

dend

--

--

--

--

-Su

per I

nstit

ution

al W

eekly

Divi

dend

--

--

--

--

-Su

per I

nstit

ution

al Gr

owth

--

--

--

--

-Pr

emium

Plan

Dail

y Divi

dend

--

--

--

--

-

Prem

ium Pl

an W

eekly

Divi

dend

--

--

--

--

-

Prem

ium Pl

an D

ivide

nd-

--

--

--

--

Prem

ium Pl

an G

rowt

h-

--

--

--

--

Regu

lar Pl

an D

aily D

ivide

nd-

--

--

--

--

Regu

lar Pl

an W

eekly

Divi

dend

--

--

--

--

-In

stitu

tiona

l Plan

Dail

y Divi

dend

--

--

--

--

-ii)

Res

ale P

rice

2. Lo

west

dur

ing

the y

ear

Divid

end

10.00

00NA

NA10

.0000

NANA

10.00

00NA

NAGr

owth

10.00

00NA

NA10

.0000

NANA

10.00

00NA

NABo

nus

--

--

--

--

-W

eekly

Divi

dend

--

--

--

--

-Fo

rtnigh

tly D

ivide

nd-

--

--

--

--

Mon

thly

Divid

end

--

--

--

--

-Qu

arte

rly D

ivide

nd-

--

--

--

--

Annu

al Di

viden

d-

--

--

--

--

Insti

tutio

nal D

ivide

nd-

--

--

--

--

Insti

tutio

nal G

rowt

h-

--

--

--

--

Insti

tutio

nal D

aily D

ivide

nd-

--

--

--

--

Supe

r Ins

titut

ional

Daily

Divi

dend

--

--

--

--

-Su

per I

nstit

ution

al W

eekly

Divi

dend

--

--

--

--

-

Supe

r Ins

titut

ional

Grow

th-

--

--

--

--

Prem

ium Pl

an D

aily D

ivide

nd-

--

--

--

--

Prem

ium Pl

an W

eekly

Divi

dend

--

--

--

--

-

Prem

ium Pl

an D

ivide

nd-

--

--

--

--

Prem

ium Pl

an G

rowt

h-

--

--

--

--

Regu

lar Pl

an D

aily D

ivide

nd-

--

--

--

--

Regu

lar Pl

an W

eekly

Divi

dend

--

--

--

--

-In

stitu

tiona

l Plan

Dail

y Divi

dend

--

--

--

--

-F

Ratio

of ex

pens

es to

aver

age d

aily

Net

Ass

ets b

y Per

cent

age

0.25

NANA

0.2NA

NA1.0

0NA

NAG

Ratlo

of

glos

s in

com

e to

ave

rage

dai

ly N

et A

sset

s by

Pe

rcen

tage

***

1.00

NANA

0.91

NANA

1.46

NANA

Price

Earn

ing Ra

tio Ω

--

--

--

--

-

Note

: On r

eque

st a u

nit ho

lder c

an ob

tain

from

the m

utua

l fund

a co

py of

the A

nnua

l Rep

ort o

f the

sche

me i

n whic

h he h

as in

veste

d. Ω

Trad

ing Pr

ice an

d Pric

e Ear

ning R

atio

are n

ot ap

plica

ble si

nce t

he un

its of

the s

chem

e are

not t

rade

d.

1. $$

Thes

e are

clos

e end

ed sc

hem

es

2. ##

This

is an

open

ende

d equ

ity lin

ked s

aving

sche

me

3. Du

ring t

he ye

ar en

ded 3

1st M

arch

, 201

1, JM

Core

11 Fu

nd -

Seire

s 1 an

d JM

Agri &

Infra

Fund

being

clos

e end

ed sc

hem

es ha

ve be

en co

nver

ted i

nto o

pen e

nded

sche

mes

w.e.

f 5th

Mar

ch, 2

011 a

nd 18

th Ja

nuar

y, 20

11, re

spec

tively

4. **

* inc

luding

net u

nrea

lised

gain/

lossfo

r the

year.

In order to ensure that an active role is played in better Corporate Governance of the Listed Companies where investment of Mutual Fund Schemes is made and in compliance with SEBI guidelines, JM Financial Asset Management Pvt. Ltd. (the “AMC”) shall adhere to the following policy guidelines.

1. This Policy is effective from June 30, 2011 in supersession of the existing practice and policies.

2. This Policy will be effective for all listed companies, wherein equity schemes of JM Financial Mutual Fund (except JM Arbitrage Advantage Fund) have invested.

3. The AMC shall endeavour to participate in voting process of the Companies on all Ordinary and Extra-ordinary resolutions in all AGMs/ EGMs which may affect the interest of its investors.

4. The voting may be done by Postal Ballot or through physical attendance by any of its authorized officials. The AMC may decide not to attend the meeting/ vote in postal ballot in case the proposals do not materially impact the interests of the unitholders.

5. The Mutual Fund should not give proxy to any broker or outsider for voting on its behalf.

6. Personal Attendance - The AMC will ensure personal attendance for voting on best efforts basis subject to certain conditions,

i. Where the Mutual Fund Schemes hold 5% or more (on the date of review of the resolutions or the holding as of the end of the previous month) of the Paid up Capital of the investee Company.

Or

ii. The minimum investment of any Scheme of the Mutual Fund in the particular investee company is not less than Rs. 15 crore

Or

iii. Where any company has invested more than 10% of the corpus of all the equity schemes of JM Financial Mutual Fund and the Mutual Fund has in turn invested in the said Company

Or

iv. Where any company has invested 10% or more of the corpus of any of the equity scheme of JM Financial Mutual Fund and the Mutual Fund has in turn invested in the said Company

Provided

a. The proposed meeting is held in cities in which the AMC has its offices

b. The resolutions are not ordinary resolutions as mentioned in point no. 9 hereunder

Exception to the above

In cases where any of the Special resolutions is relating to Merger/Demerger/Hive Off/ Amalgamation/ Sale/ Acquisitions/ Preferential Allotment or Issue of FCCB/ECB/ Financial Restructuring or Reschedulement, Capital Reduction or any other Capital Restructuring, Closure or Sale any plant etc. which is expected to impact the valuations of the investments, the respective Fund Manager/CEO may decide to depute its official in person even if the above criteria are not fulfilled .

The AMC may authorize any of its officials (Any Director of the AMC or Trustee Company) Chief Executive Officer (CEO )/Chief Operating Officer (COO) , Chief Investment Officer (CIO), concerned Fund Manager , Head- Legal & Compliance, Head – Operations or any other Officers of the rank of Manager and above, who is authorised) from Corporate Office/Branch Offices to attend the meeting in person and to vote as approved internally by the Competent Authority.

7. Voting by Ballot: In other cases, the AMC shall endeavor to cast its votes on all resolutions if the facility of voting through postal ballots has been provided and subject to having received the communication in time.

8. The decision regarding the voting on the resolution, i.e. whether the Mutual Fund will vote for or against the resolution proposed by the Company/Issuer, will be taken by the Fund Manager in consultation with the CEO/ Chairman of the AMC/ Equity CIO. In the absence of the CEO/ Chairman of the AMC/ Equity CIO, the concerned Fund Manager shall keep them informed.

9. The actual exercise of the votes in the AGMs/EGMs of the investee companies or through postal ballot will cover the following matters and will be reported in the SEBI prescribed format (Annexure A attached)

A. Ordinary Resolutions :

a. Adopting the Annual Accounts (P&L & Balance Sheet)

b. Declaration of Annual or Interim or Final or Special Dividend

c. Appointment or removal or retirement of Directors

d. Appointment or Re-appointment of Auditors

B. Special Resolutions;

a. Corporate governance matters, including changes in the state of incorporation, merger and other corporate restructuring, and anti takeover provisions.

b. Changes to capital structure, including increases and decreases of capital and preferred stock issuances.

c. Stock option plans and other management compensation issues;

d. Social and corporate responsibility issues.

e. Any other issue that may affect the interest of the shareholders in general and interest of the unit-holders in particular e.g. stock split, etc.

10. Whenever there is a change in Auditors, Independent Directors, Key Management personnel of the investee companies or restructuring, etc., the Mutual Fund shall be vigilant and may make more enquiries and seek valuation reports, latest shareholding pattern, etc., including asking the Company / Issuer to provide reasons for the same.

11. Any Corporate Governance Issues requiring support from other shareholders may be discussed with them by the AMC officials.

12. A report shall be presented to the Investment Executive Committee (“IEC”) in its forthcoming meeting by the Fund Manager/ any other designated person who has voted at meetings/ through postal ballot on the reasons / justifications for so voting as well as the events which transpired at the said meeting/ voting, if the attendance is through a physical meeting.

13. The general policies and procedures stated above for exercising the voting rights in respect of shares held by the AMC, to be disclosed on the website of the Mutual Fund as well as in the Annual Report distributed to the unit holders from the financial year 2010-11 onwards.

14. Investments in group companies of the AMC: In case of investments in group companies of the AMC, the Mutual Fund, through the authorized personnel of the AMC, will attend all the general meetings in person. Further while reporting regarding the voting to the IEC, separate disclosures shall be ensured by the concerned personnel.

15. Abstain from voting: In case of late receipt/ non receipt of notice/ postal ballot papers in time, it shall be deemed that the Mutual Fund has abstained from voting.

16. This Policy is a broad framework and only seeks to serve as a guide. However, the CEO/ Chairman of the AMC/ Equity CIO may take a call based on other supporting data and documents and proceed accordingly. The AMC further shall have an internal process note for implementation of the Policy, covering the operational part and assigning responsibilities to the designated personnel.

17. Notwithstanding anything to the contrary contained in this Policy, as amended from time to time, the relevant Regulations for the time being in force shall have effect. In the event of conflict or inconsistency between the provisions of the relevant Regulations for the time being in force and this Policy, the former shall prevail to the extent of such conflict or inconsistency.

In case of any change in this Policy due to amendment in the relevant Regulations, the Board of Directors will be kept informed of the changes. However, for any amendment in the Policy other than due to change(s) in the relevant Regulations, prior approval of the Board of Directors of the AMC and Trustee Company shall be obtained

Annexure A

Management Proposal

Date Type of Meeting (AGM/EGM)

Proposal Management Recommendation

Vote (For/Against/Abstain)

Shareholder Proposal

Date Type of Meeting (AGM/EGM)

Proposal Management Recommendation

Vote (For/Against/Abstain)

CORPORATE GOVERNANCE POLICY(The duly amended Policy was approved by the Board of Trustees on June 29, 2011)

Date

of

Mee

ting

Type

of

Mee

ting

Com

pany

Nam

ePr

opos

alM

anag

emen

t Re

com

men

datio

nVo

te

15-M

ar-1

0AG

MEIC

HER M

OTOR

SRe

appo

intm

ent o

f Dire

ctors,

Rem

uner

ation

to D

irecto

rs,Ad

optio

n of P

&L an

d Bala

nce S

heet

,App

ointm

ent o

f Cha

rtere

d Acco

unta

nts a

s Aud

itors

of th

e Com

pany

,To pr

ovide

re

nt fr

ee ac

com

mod

ation

to th

e Man

aging

Dire

ctor.

N/A

Absta

in

5-Ap

r-10

AGM

AMBU

JA CE

MEN

TS LT

DTo

appr

ove R

e-ap

point

men

t of M

r. Nas

ser M

unjee

, Mr. R

ajend

ra P.

Chita

le &

Mr. S

haile

sh H

aribh

akti

as D

irecto

r, Pay

men

t of c

omm

ission

to th

e Dire

ctors,

appo

intm

ent o

f Mr.

Onne

van d

er W

eijde

as th

e Who

le-tim

e Dire

ctor &

appr

oval

of Em

ploye

es St

ock O

ption

SN/

AAb

stain

8-Ap

r-10

AGM

ACC L

TDTo

appr

ove r

e-ap

point

men

t of M

r. S. M

. Pali

a, M

r. Nar

esh C

hand

ra, M

r. Sha

ilesh

Har

ibhak

ti an

d Mr. K

uldip

Kaur

a as D

irecto

rs of

the C

ompa

ny an

d pay

men

t of c

omm

ission

to

Non-

exec

utive

Dire

ctors.

N/A

Absta

in

21-A

pr-1

0AG

MNE

STLE

INDI

AAp

point

men

t of D

irecto

rs,Re

appo

intm

ent o

f Dire

ctors,

Rem

uner

ation

to D

irecto

rs,Ap

point

men

t of A

udito

rs,Ad

optio

n of P

&L an

d Bala

nce S

heet

,Dec

larat

ion of

Di

viden

d,Alte

ratio

n of A

OA.

N/A

Absta

in

23-A

pr-1

0AG

MSK

F IND

IA LT

DRe

-app

ointm

ent o

f Mr. K

.C. M

ehra

, Mr. N

.J. Jh

aver

i, Mr. T

. Sth

en as

Dire

ctors

& ap

point

men

t of M

r. R. M

akhij

a & M

r. S. J

oship

ura a

s the

Dire

ctors

of th

e Com

pany

& M

r. S.

Josh

ipura

as th

e Man

aging

Dire

ctor.

N/A

Absta

in

29-A

pr-1

0AG

MHE

XAW

ARE

TECH

NOLO

GIES

LTD

Adop

tion o

f P&L

and B

alanc

e She

et,A

ppoin

tmen

t of D

irecto

rs,Re

appo

intm

ent o

f Dire

ctors,

Decla

ratio

n of D

ivide

nd,A

ppoin

tmen

t of C

harte

red A

ccoun

tant

s as A

udito

rs of

the

Com

pany

,App

ointm

ent o

f Man

ager

of th

e com

pany

,Paym

ent o

f com

miss

ion to

Non

-who

letim

e dire

ctors.

N/A

Absta

in

10-M

ay-1

0AG

MRA

NBAX

Y LAB

ORAT

ORIES

To ap

prov

e app

ointm

ent o

f Dr. T

suto

mu U

ne &

Mr. A

tul S

obti

as a

Dire

ctors

of th

e Com

pany

& ap

point

men

t of M

r. Sob

ti as

CEO

& M

anag

ing D

irecto

r.N/

AAb

stain

11-M

ay-1

0AG

MAB

B LTD

Adop

tion o

f Bala

nce S

heet

and P

rofit

& Lo

ss Ac

coun

t, De

clara

tion o

f Divi

dend

and R

eapp

ointm

ent o

f Dire

ctors

and A

udito

rs of

the C

ompa

nyN/

AAb

stain

11-M

ay-1

0AG

MHE

IDEL

BERG

CEM

ENT

INDI

A LIM

ITED

Appo

intm

ent o

f Dire

ctors,

Reap

point

men

t of D

irecto

rs,De

clara

tion o

f Divi

dend

,Re-

Appo

intm

ent o

f Cha

rtere

d Acco

unta

nts a

s Aud

itors

of th

e Com

pany

, Aut

horis

ing th

e Boa

rd

to Bo

rrow

Fund

s upt

o Rs.

1200

cror

e and

to Cr

eate

a Ch

arge

or M

ortg

age o

n the

Com

pany

's pr

oper

ties f

or se

curin

g the

amou

nt bo

rrowe

d fro

m th

e Ban

ks an

d Fina

ncial

In

stitu

tions

N/A

Absta

in

8-Ju

n-10

AGM

AXIS

BANK

To ap

prov

e app

ointm

ent o

f Sm

t. Sh

ikha S

harm

a and

Dr. A

darsh

Kish

ore a

s Dire

ctors

of th

e Ban

k, ap

point

men

t of S

mt.

Shikh

a Sha

rma,

Man

aging

Dire

ctor a

nd CE

O an

d Shr

i M

. M. A

graw

al as

Dep

uty M

anag

ing D

irecto

r & Is

sue,

offer

and a

llotm

ent o

f add

ition

al eq

uity

N/A

Absta

in

10-Ju

n-10

AGM

ALLA

HABA

D BA

NKTo

fill t

he ca

usal

vaca

ncy o

f sha

reho

lders'

dire

ctor t

hrou

gh el

ectio

n.N/

AAb

stain

10-Ju

n-10

AGM

INDI

AN BA

NKAd

optio

n of P

&L an

d Bala

nce S

heet

,Ann

ual R

epor

t. de

clara

tion o

f Divi

dend

for d

iscus

sion.

N/A

Absta

in11

-Jun-

10AG

MHI

NDUS

TAN

CONS

TRUC

TION

CO. L

TDTo

appr

ove r

e-ap

point

men

t of M

r. D. M

. Pop

at an

d Mr. Y

. H. M

alega

m as

Dire

ctors

of th

e Com

pany

, Mr. K

. G. T

endu

lkar a

nd M

r. Anil

Sing

hvi a

s Dire

ctors

of th

e Com

pany

, In

creas

e in t

he Au

thor

ised S

hare

Capit

al &

alter

ation

in th

e Arti

cles o

f Asso

ciatio

n.N/

AAb

stain

11-Ju

n-10

AGM

SOBH

A DEV

ELOP

ERS L

TDAd

optio

n of P

&L an

d Bala

nce S

heet

, Rea

ppoin

tmen

t of D

irecto

rs an

d Dec

larat

ion of

Divi

dend

N/A

Absta

in11

-Jun-

10AG

MST

ERLIT

E IND

USTR

IES

INDI

A LTD

To ap

prov

e re-

appo

intm

ent o

f Mr. A

nil Ag

arwa

l & M

r. Gau

tam

Dos

hi as

Dire

ctors,

incre

ase i

n Aut

horis

ed Sh

are C

apita

l, sub

-divi

sion o

f equ

ity sh

ares

, alte

ratio

n to

Mem

oran

dum

of A

ssocia

tion a

nd Is

sue o

f Bon

us sh

ares

.N/

AAb

stain

12-Ju

n-10

AGM

INFO

SYS T

ECHN

OLOG

IES

LTD

Re-a

ppoin

tmen

t of N

. R. N

aray

ana M

urth

y, Pr

of. M

arti

G. Su

brah

man

yam

, S. G

opala

krish

nan,

S. D.

Shibu

lal, T

. V. M

ohan

das P

ai as

Dire

ctors

& Re

-app

ointm

ent o

f T. V

. M

ohan

das P

ai &

Mr. S

rinat

h Bat

ni as

Who

letim

e Dire

ctors

along

with

the t

erm

s and

cond

ition

s iN/

AAb

stain

14-Ju

n-10

AGM

INDI

ABUL

LS FI

NANC

IAL

SERV

SAd

optio

n of P

&L an

d Bala

nce S

heet

,Dec

lared

a div

idend

,Rea

ppoin

tmen

t of D

irecto

rs,Ap

point

men

t of A

udito

rs,Au

thor

isatio

n for

crea

tion,

issu

ance

and a

llotm

ent o

f equ

ity

shar

es /

secu

rities

Alte

ratio

n of A

OA.

N/A

Absta

in

15-Ju

n-10

AGM

RALL

IS IN

DIA L

TDRe

-app

ointm

ent o

f Mr. P

raka

sh R.

Rasto

gi, M

r. Bha

rat V

asan

i & M

r. H. R

. Khu

srokh

an as

Dire

ctors

of th

e Com

pany

, app

ointm

ent o

f Mr. R

. Muk

unda

n, D

r. V. S

. Soh

ani &

Dr.

Yogin

der K

. Alag

h as D

irecto

rs of

the C

ompa

ny &

Auth

ority

to th

e Boa

rd of

Dire

ctors

of t

N/A

Absta

in

15-Ju

n-10

AGM

RAYM

OND

Decla

ratio

n of d

ivide

nd &

Appo

intm

ent o

f Dire

ctors

N/A

Absta

in16

-Jun-

10AG

MAN

DHRA

BANK

LTD

Adop

tion o

f P&L

and B

alanc

e She

et an

d Pay

men

t of D

ivide

ndN/

AAb

stain

16-Ju

n-10

AGM

STAT

E BAN

K OF I

NDIA

Adop

tion o

f P&L

and B

alanc

e She

et, R

eapp

ointm

ent o

f Dire

ctors

and D

eclar

ation

of D

ivide

ndN/

AAb

stain

18-Ju

n-10

AGM

ORBI

T COR

PORA

TION

LTD

"App

ointm

ent o

f Dire

ctors,

Reap

point

men

t of D

irecto

rs,Ap

point

men

t of A

udito

rs,Ad

optio

n of P

&L an

d Bala

nce S

heet

,Dec

larat

ion of

Divi

dend

,Incre

ase t

he Au

thor

ised S

hare

Ca

pital

Is

suan

ce of

Bonu

s Sha

res i

n the

ratio

of 1:

1."

N/A

Absta

in

18-Ju

n-10

AGM

RELIA

NCE I

NDUS

TRIES

To ap

prov

e app

ointm

ent o

f Dire

ctors

in pla

ce of

thos

e ret

iring

by ro

tatio

n, to

appr

ove a

ppoin

tmen

t of A

dditi

onal

Dire

ctor S

hri P

awan

Kum

ar Ka

pil as

Dire

ctor l

iable

to re

tire

by ro

tatio

n and

also

as W

holet

ime D

irecto

r of t

he Co

mpa

ny al

ongw

ith th

e ter

ms a

ndN/

AAb

stain

23-Ju

n-10

AGM

ORIEN

TAL B

ANK O

F CO

MM

ERCE

Adop

tion o

f P&L

and B

alanc

e She

et,D

eclar

ation

of D

ivide

nd.

N/A

Absta

in

23-Ju

n-10

AGM

PATN

I COM

PUTE

RS

SYST

EMS L

TDAd

optio

n of P

&L an

d Bala

nce S

heet

, Rea

ppoin

tmen

t of D

irecto

rs &

Decla

ratio

n of D

ivide

nd,

N/A

Absta

in

24-Ju

n-10

AGM

CONS

OLID

ATED

CO

NSTR

UCTIO

N CO

NSOR

TIUM

LTD

Adop

tion o

f P&L

and B

alanc

e She

et, D

eclar

ation

of D

ivide

nd, R

eapp

ointm

ent o

f Dire

ctors,

Appo

intm

ent o

f Aud

itors,

Auth

orisa

tion f

or is

suan

ce of

ADR,

GDR

and F

CCB,

To

borro

w in

exce

ss of

paid

up ca

pital

and f

ree r

eser

ves

N/A

Absta

in

25-Ju

n-10

AGM

BHAR

AT BI

JLEE

LTD

Decla

ratio

n of d

ivide

nd &

Appo

intm

ent o

f Dire

ctors

N/A

Absta

in

Dis

clos

ure

of V

otin

g do

ne b

y JM

Fin

anci

al M

utua

l Fun

d fo

r FY

10 -

11

Date

of

Mee

ting

Type

of

Mee

ting

Com

pany

Nam

ePr

opos

alM

anag

emen

t Re

com

men

datio

nVo

te

25-Ju

n-10

AGM

JAY S

HREE

TEA &

INDS

LT

D"A

ppoin

tmen

t of D

irecto

rs,Re

appo

intm

ent o

f Dire

ctors,

Appo

intm

ent o

f Aud

itors,

Adop

tion o

f P&L

and B

alanc

e She

et,D

eclar

ation

of D

ivide

nd,

divisi

on of

equit

y sha

res,A

ltera

tion o

f MOA

,auth

orisa

tion F

or bo

rrowi

ng "

N/A

Absta

in

25-Ju

n-10

AGM

SYND

ICATE

BANK

LTD

Adop

tion o

f P&L

and B

alanc

e She

et an

d Dec

larat

ion of

Divi

dend

N/A

Absta

in28

-Jun-

10AG

MICI

CI BA

NK LT

DTo

appr

ove a

ppoin

tmen

t/re-

appo

intm

ent o

f Dire

ctors

of th

e Com

pany

, app

rove

appo

intm

ent o

f Exe

cutiv

e Dire

ctor a

longw

ith th

e ter

ms a

nd co

nditi

ons o

f app

ointm

ent

includ

ing re

mun

erat

ion.

N/A

Absta

in

28-Ju

n-10

AGM

INFR

ASTR

UCTU

RE

DEVE

LOPM

ENT F

INAN

CE

CO LT

D-

Re-a

ppoin

tmen

t of M

r. Gau

tam

Kaji &

Mr. D

imitr

is Tsi

tsira

gos,

Mr. A

bdul

Rahim

Ali B

akar

as D

irecto

r, App

ointm

ent o

f Mr. G

.C. Ch

atur

vedi

& M

r. Don

ald Pe

ck as

Dire

ctors,

inc

reas

e in b

orro

wing

limits

, issu

ance

of se

curit

ies by

way

of Q

IP.N/

AAb

stain

29-Ju

n-10

AGM

JSW

STEE

L LTD

Appo

intm

ent o

f Dire

ctors,

Reap

point

men

t of D

irecto

rs,Re

mun

erat

ion to

Dire

ctors,

Appo

intm

ent o

f Aud

itors,

Adop

tion o

f P&L

and B

alanc

e She

et,D

eclar

ation

of

Divid

end,A

utho

rity t

o the

Boar

d for

borro

wing

,Paym

ent o

f Com

miss

ion to

Non

-Exe

cutiv

e Dire

ctors.

N/A

Absta

in

30-Ju

n-10

AGM

HDFC

BANK

To ap

prov

e re-

appo

intm

ent o

f Mr. C

. M. V

asud

ev an

d Dr. P

andit

Palan

de as

Dire

ctors

of th

e Com

pany

, app

rova

l for r

e-ap

point

men

t of M

r. Adit

ya Pu

ri as M

anag

ing D

irecto

r alo

ngwi

th th

e ter

ms a

nd co

nditi

ons f

or ap

point

men

t inc

luding

rem

uner

ation

, app

rova

l for

N/A

Absta

in

2-Ju

l-10

AGM

TATA

CONS

ULTA

NCY

SERV

S LTD

Re-a

ppoin

t a D

irecto

r in pl

ace o

f Dr. R

on So

mm

er, M

rs. La

ura M

. Cha

& M

r. R. N

. Tat

a, Ap

point

men

t of M

r. S. R

amad

orai,

Dr. V

ijay K

elkar

& M

r. Ish

aat H

usain

, app

ointm

ent o

f M

r. N. C

hand

rase

kara

n as t

he Ch

ief Ex

ecut

ive O

ffice

r and

Man

aging

Dire

ctor o

f the

CN/

AAb

stain

2-Ju

l-10

AGM

YES B

ANK L

TDRe

-app

ointm

ent o

f Dire

ctors

retir

ing by

rota

tion.

N/A

Absta

in5-

Jul-1

0AG

MBA

NK O

F BAR

ODA

Adop

tion o

f P&L

and B

alanc

e She

et,D

eclar

ation

of D

ivide

ndN/

AAb

stain

9-Ju

l-10

AGM

NIIT

LTD

"App

ointm

ent o

f Dire

ctors,

Reap

point

men

t of D

irecto

rs,Re

mun

erat

ion to

Dire

ctors,

Appo

intm

ent o

f Aud

itors,

Ad

optio

n of P

&L an

d Bala

nce S

heet

,Dec

larat

ion of

Divi

dend

."N/

AAb

stain

9-Ju

l-10

AGM

PIRA

MAL H

EALT

HCAR

E LT

DAd

optio

n of P

&L an

d Bala

nce S

heet

, Rea

ppoin

tmen

t of D

irecto

rs, D

eclar

ation

of D

ivide

nd, A

ppoin

tmen

t of A

udito

rsN/

AAb

stain

14-Ju

l-10

AGM

CENT

RAL B

ANK O

F IND

IAAd

optio

n of P

&L an

d Bala

nce S

heet

, Dec

larat

ion of

Divi

dend

N/A

Absta

in14

-Jul-1

0AG

MST

ERLIT

E TEC

HNOL

OGIES

LT

DAd

optio

n of P

&L an

d Bala

nce S

heet

, App

ointm

ent o

f Dire

ctors,

Dec

larat

ion of

Divi

dend

, Issu

ance

of ES

OPs

N/A

Absta

in

15-Ju

l-10

AGM

DHAN

ALAK

SHM

I BAN

K LT

DCh

ange

in Co

mpa

ny N

ame,D

ivide

nd,Q

ualifi

ed In

stitu

tions

Plac

emen

tsN/

AAb

stain

15-Ju

l-10

AGM

JSW

ENER

GY LT

DPa

ssing

of al

l the

reso

lution

s pro

pose

d as p

er no

tice f

or th

e AGM

date

d May

27, 2

010.

N/A

Absta

in15

-Jul-1

0AG

MPO

LARI

S SOF

TWAR

EAd

optio

n of P

&L an

d Bala

nce S

heet

, Dec

larat

ion of

Divi

dend

& Re

appo

intm

ent o

f Dire

ctors

N/A

Absta

in16

-Jul-1

0AG

MAS

IAN

PAIN

TSTo

appr

ove r

e-ap

point

men

t of M

r. Mah

endr

a Sha

h, M

r. Mah

endr

a Cho

ksi a

nd M

s. Tar

jani V

akil a

s Dire

ctors

of th

e Com

pany

, to a

ppro

ve ap

point

men

t of M

r. S. R

amad

orai,

Ad

dition

al Di

recto

r as D

irecto

r of t

he Co

mpa

ny an

d to a

ppro

ve ap

point

men

t of M

r. Jigi

sh Ch

okN/

AAb

stain

16-Ju

l-10

AGM

DENA

BANK

Adop

tion o

f P&L

and B

alanc

e She

et,D

eclar

ation

of D

ivide

nd.

N/A

Absta

in16

-Jul-1

0AG

MIL

& FS

INVE

STM

ENT

MANA

GERS

LTD.

Adop

tion o

f P&L

and B

alanc

e She

et,D

eclar

ation

of D

ivide

nd,A

ppoin

tmen

t of D

irecto

rs,Re

appo

intm

ent o

f Dire

ctors,

Rem

uner

ation

to D

irecto

rsN/

AAb

stain

16-Ju

l-10

AGM

KPIT

CUM

MIN

S IN

FOSY

STEM

S LTD

Adop

tion o

f Bala

nce S

heet

and P

rofit

& Lo

ss Ac

coun

t, De

clara

tion o

f Divi

dend

, Rea

ppoin

tmen

t of D

irecto

rs an

d Aud

itors

of th

e Com

pany

, Aut

horis

ation

for is

suan

ce of

ESOP

sN/

AAb

stain

19-Ju

l-10

AGM

CANA

RA BA

NKAp

prov

al to

offer,

issu

e, all

ot eq

uity/

prefe

renc

e sha

res b

y way

of pu

blic i

ssue,

right

s issu

e, pr

efere

ntial

issu

e and

/or p

rivat

e plac

emen

t bas

is an

d to a

ppoin

t Dire

ctors

from

am

ongs

t sha

reho

lders

othe

r tha

n Cen

tral G

over

nmen

t.N/

AAb

stain

19-Ju

l-10

AGM

CROM

PTON

GRE

AVES

Re-a

ppoin

tmen

t of D

r. O G

oswa

mi &

Ms M

. Pud

umjee

as D

irecto

rs of

the C

ompa

ny, A

ppoin

tmen

t Mr. S

. Pra

bhu a

s Dire

ctor o

f the

Com

pany

, Aut

horit

y to B

oard

to ap

point

br

anch

audit

ors &

paym

ent o

f com

miss

ion to

non e

xecu

tive D

irecto

rs.N/

AAb

stain

19-Ju

l-10

AGM

SESA

GOA

Appo

intm

ent o

f Dire

ctors

in pla

ce of

retir

ing D

irecto

rs.N/

AAb

stain

19-Ju

l-10

AGM

WHI

RLPO

OL O

F IND

IAAd

optio

n of P

&L an

d Bala

nce S

heet

, Dec

larat

ion of

Divi

dend

and R

eapp

ointm

ent o

f Dire

ctors,

N/A

Absta

in20

-Jul-1

0AG

MIN

DIAN

OVE

RSEA

S BAN

KAd

optio

n of P

&L an

d Bala

nce S

heet

,Dec

larat

ion of

Divi

dend

.N/

AAb

stain

21-Ju

l-10

AGM

BAJA

J FIN

SERV

LTD

Adop

tion o

f P&L

and B

alanc

e She

et, D

eclar

ation

of D

ivide

nd, R

eapp

ointm

ent o

f Dire

ctors

N/A

Absta

in21

-Jul-1

0AG

MPU

NJAB

NAT

IONA

L BAN

KAd

optio

n of P

&L an

d Bala

nce S

heet

& D

eclar

ation

of D

ivide

ndN/

AAb

stain

22-Ju

l-10

AGM

BAJA

J AUT

O LT

DAd

optio

n of P

&L an

d Bala

nce S

heet

, Dec

larat

ion of

Divi

dend

, Rea

ppoin

tmen

t of D

irecto

rsN/

AAb

stain

22-Ju

l-10

AGM

IDBI

BANK

LTD

Paym

ent o

f divi

dend

,App

ointm

ent o

f Dire

ctors

in pla

ce of

retir

ing D

irecto

rs.N/

AAb

stain

22-Ju

l-10

AGM

WIP

RO LT

DAp

point

men

t of D

irecto

rs in

place

of re

tiring

Dire

ctors,

regu

larisa

tion o

f Add

ition

al Di

recto

rs &

appr

oval

for a

ppoin

tmen

t of C

hairm

an's

relat

ive as

Dire

ctor.

N/A

Absta

in23

-Jul-1

0AG

MBI

OCON

LTD

To ap

prov

e re-

appo

intm

ent o

f Dire

ctors

of th

e Com

pany

, app

rova

l for r

e-ap

point

men

t of M

anag

ing D

irecto

r and

appo

intm

ent o

f Who

letim

e Dire

ctor a

longw

ith th

e ter

ms

and c

ondit

ions i

nclud

ing re

mun

erat

ion an

d app

rova

l for p

aym

ent o

f rem

uner

ation

by w

ay of

com

mN/

AAb

stain

23-Ju

l-10

AGM

C E S

C LTD

.Ap

prov

e re-

appo

intm

ent o

f Mr. B

. P. B

ajoria

and M

r. P. K

. Kha

itan a

s Dire

ctors

of th

e Com

pany

and t

o aut

horis

e Boa

rd of

Dire

ctors

to m

ortg

age m

ovab

le/im

mov

able

prop

ertie

s of t

he Co

mpa

ny fo

r Ter

m Lo

an an

d wor

king c

apita

l requ

irem

ent.

N/A

Absta

in

Date

of

Mee

ting

Type

of

Mee

ting

Com

pany

Nam

ePr

opos

alM

anag

emen

t Re

com

men

datio

nVo

te

23-Ju

l-10

AGM

DR RE

DDYS

LA

BORA

TORI

ES LT

DAp

point

men

t of D

irecto

rs,Re

appo

intm

ent o

f Dire

ctors,

Paym

ent o

f Divi

dend

,App

ointm

ent o

f Cha

rtere

d Acco

unta

nts a

s Aud

itors

of th

e Com

pany

N/A

Absta

in

23-Ju

l-10

AGM

ITC LT

DTo

appr

ove r

e-ap

point

men

t of D

irecto

rs of

the C

ompa

ny, t

o app

rove

appo

intm

ent o

f Add

ition

al No

n-ex

ecut

ive D

irecto

rs as

Dire

ctors

of th

e Com

pany

liable

to re

tire b

y ro

tatio

n, to

appr

ove a

ppoin

tmen

t of W

holet

ime D

irecto

rs alo

ngwi

th th

e ter

ms a

nd co

nditi

ons

N/A

Absta

in

23-Ju

l-10

AGM

MAHI

NDRA

& M

AHIN

DRA

FINAN

CIAL S

ERVI

CES L

TDAp

point

men

t of D

irecto

rs,Re

appo

intm

ent o

f Dire

ctors,

Rem

uner

ation

to D

irecto

rs,Ap

point

men

t of A

udito

rs,Ad

optio

n of P

&L an

d Bala

nce S

heet

,Dec

larat

ion of

Di

viden

d,Inc

reas

e in B

orro

wing

limits

,Paym

ent o

f com

miss

ion.

N/A

Absta

in

23-Ju

l-10

AGM

PRAJ

INDU

STRI

ES LT

DAp

prov

e re-

appo

intm

ent o

f Mr. B

erjis

Des

ai an

d Mr. K

ishor

Chau

kar a

s Dire

ctors

of th

e Com

pany

, app

rove

appo

intm

ent o

f Mr. R

ajiv M

aliwa

l - Ad

dition

al Di

recto

r as D

irecto

r lia

ble to

retir

e by r

otat

ion, a

ppro

ve re

-app

ointm

ent o

f Mr. S

hash

ank I

nam

dar a

s Man

agN/

AAb

stain

24-Ju

l-10

AGM

ONM

OBILE

GLO

BAL L

TDAd

optio

n of P

&L an

d Bala

nce S

heet

, Rea

ppoin

tmen

t of D

irecto

rs &

Decla

ratio

n of D

ivide

nd,

N/A

Absta

in26

-Jul-1

0AG

MBH

ARAT

FORG

EAp

point

men

t of D

irecto

rs in

place

of re

tiring

Dire

ctors

& re

gular

isatio

n of A

dditi

onal

Dire

ctor.

N/A

Absta

in26

-Jul-1

0AG

MTE

CH M

AHIN

DRA L

TDAd

optio

n of A

udite

d B/S

& P/

L Acc

t.,Ad

optio

n of D

irecto

rs &

Audit

ors R

epor

t,Cha

nge i

n Aud

itors,

Chan

ge in

Dire

ctors,

Divid

end,R

evisi

on in

Dire

ctors

Rem

uner

ation

,Qua

lified

In

stitu

tions

Plac

emen

tsN/

AAb

stain

27-Ju

l-10

AGM

3 I IN

FOTE

CH LI

MITE

DAp

point

men

t of D

irecto

rs,Re

appo

intm

ent o

f Dire

ctors,

Decla

ratio

n of D

ivide

nd,R

e-ap

point

men

t of C

harte

red A

ccoun

tant

s as A

udito

rs of

the C

ompa

nyN/

AAb

stain

27-Ju

l-10

AGM

ASHO

K LEY

LAND

To ap

prov

e re-

appo

intm

ent o

f Dire

ctors

of th

e Com

pany

, app

rove

appo

intm

ent o

f Dire

ctors

of th

e Com

pany

and a

utho

rity t

o the

Boar

d of D

irecto

rs of

the C

ompa

ny to

m

ortg

age p

rope

rties

of th

e Com

pany

to se

cure

borro

wing

s.N/

AAb

stain

27-Ju

l-10

AGM

DEW

AN H

OUSIN

G FIN

CO

RP LT

DRe

appo

intm

ent o

f Dire

ctors,

Rem

uner

ation

to D

irecto

rs,,Is

suan

ce of

Equit

y Sha

res u

nder

ESOP

,Aut

hpris

ation

for b

orro

wing

s by w

ay of

Priva

te Pl

acem

ent o

f Sec

ured

NCD

N/A

Absta

in

27-Ju

l-10

AGM

EVER

EST K

ANTO

CY

LINDE

R LTD

To ap

prov

e re-

appo

intm

ent o

f Dire

ctors

of th

e Com

pany

, app

rova

l for a

ppoin

tmen

t of A

dditi

onal

Dire

ctor a

s Dire

ctor l

iable

to re

tire b

y rot

ation

, revis

ion of

rem

uner

ation

pa

yable

to CM

D an

d Who

letim

e Dire

ctors

of th

e Com

pany

. N/

AAb

stain

27-Ju

l-10

AGM

HIND

USTA

N UN

ILEVE

R LT

DTo

appr

ove a

ppoin

tmen

t of D

irecto

rs in

place

of D

irecto

rs re

tiring

by ro

tatio

n, ap

prov

e app

ointm

ent o

f Add

ition

al Di

recto

r as D

irecto

r liab

le to

retir

e by r

otat

ion, a

ppro

val fo

r ap

point

men

t of W

holet

ime D

irecto

r on t

erm

s and

cond

ition

s inc

luding

rem

uner

atN/

AAb

stain

28-Ju

l-10

AGM

AGRO

TECH

FOOD

S LTD

Reap

point

men

t of D

irecto

rs, Ad

optio

n of B

alanc

e She

et,

N/A

Absta

in28

-Jul-1

0AG

MBA

JAJ E

LECT

RICA

LSAd

optio

n of P

&L an

d Bala

nce S

heet

, Dec

larat

ion of

Divi

dend

, Rea

ppoin

tmen

t of D

irecto

rs,Co

nside

r Inc

reas

ing Au

thor

ised S

hare

Capit

al of

Com

pany

,N/

AAb

stain

28-Ju

l-10

AGM

EID PA

RRY I

NDIA

LTD

"Ado

ption

of P

rofit

and L

oss a

nd Ba

lance

Shee

t,

paym

ent o

f Inte

rim D

ivide

nd, R

e-ap

point

men

t of D

irecto

rs, Au

thor

izatio

n to m

ortg

age a

nd/o

r cha

rge a

ll / an

y of t

he sp

ecifi

c im

mov

able

and m

ovab

le pr

oper

ties o

f the

Co

mpa

ny as

secu

rity f

or th

e deb

entu

res a

ggre

gatin

g to R

s. 50

cror

e issu

ed by

the C

ompa

ny."

N/A

Absta

in

28-Ju

l-10

AGM

MAHI

NDRA

AND

MAHI

NDRA

Appr

ove r

e-ap

point

men

t of D

irecto

rs, ap

prov

e app

ointm

ent o

f Add

ition

al Di

recto

r as D

irecto

r of t

he Co

mpa

ny, a

ppro

ve pa

ymen

t of r

emun

erat

ion by

way

of co

mm

ission

to

Dire

ctors

othe

r tha

n Man

aging

/Exe

cutiv

e Dire

ctors,

appr

ove a

llotm

ent o

f sha

res u

nder

ESOP

.N/

AAb

stain

28-Ju

l-10

AGM

MARI

CO LT

DAp

prov

e re-

appo

intm

ent o

f Dire

ctors

and p

aym

ent o

f rem

uner

ation

to N

on-e

xecu

tive D

irecto

rs.N/

AAb

stain

29-Ju

l-10

AGM

GRAP

HITE

INDI

AAd

optio

n of P

&L an

d Bala

nce S

heet

, of C

harte

red A

ccoun

tant

s as A

udito

rs of

the C

ompa

ny,A

ppoin

tmen

t of D

irecto

rs,Re

appo

intm

ent o

f Dire

ctors,

Decla

ratio

n of D

ivide

nd.

N/A

Absta

in29

-Jul-1

0AG

MIP

CA LA

BSAp

prov

e re-

appo

intm

ent o

f Dire

ctors

of th

e Com

pany

and t

o app

rove

appo

intm

ent o

f Add

ition

al Di

recto

r as D

irecto

r of t

he Co

mpa

ny.

N/A

Absta

in29

-Jul-1

0AG

MUL

TRAT

ECH

CEM

ENT

CO LT

DAp

prov

e re-

appo

intm

ent o

f Dire

ctors

of th

e Com

pany

, re-a

ppoin

tmen

t of M

anag

ing D

irecto

r/Who

letim

e Dire

ctor o

n ter

ms a

nd co

nditi

ons i

nclud

ing re

mun

erat

ion,

appo

intm

ent o

f Add

ition

al Di

recto

r as D

irecto

r of t

he Co

mpa

ny an

d pay

men

t of r

emun

erat

ion by

way

of

N/A

Absta

in

30-Ju

l-10

AGM

ELEC

ON EN

GINE

ERIN

G CO

.Ad

optio

n of A

udite

d B/S

& P/

L Acc

t.,Ad

optio

n of D

irecto

rs &

Audit

ors R

epor

t,Cha

nge i

n Aud

itors,

Chan

ge in

Dire

ctors,

Decla

ratio

n of D

ivide

nd.

N/A

Absta

in30

-Jul-1

0AG

MIN

DIA I

NFOL

INE L

TDTo

appr

ove r

e-ap

point

men

t of D

irecto

rs of

the C

ompa

ny an

d app

rova

l to t

he Bo

ard o

f Dire

ctors

to off

er, is

sue a

nd al

lot se

curit

ies in

cludin

g but

not l

imite

d to F

CCBs

/ADR

/GDR

to

vario

us in

vesto

rs.

N/A

Absta

in

30-Ju

l-10

AGM

VOLTA

MP

TRAN

SFOR

MER

S LTD

Adop

tion o

f Aud

ited B

/S &

P/L A

cct.,

Adop

tion o

f Dire

ctors

& Au

ditor

s Rep

ort,C

hang

e in A

udito

rs,Ch

ange

in D

irecto

rs an

d Fina

l Divi

dend

N/A

Absta

in

31-Ju

l-10

AGM

GVK P

OWER

&

INFR

ASTR

UCTU

RE LT

DTo

appr

ove r

e-ap

point

men

t of D

irecto

rs of

the C

ompa

ny.

N/A

Absta

in

31-Ju

l-10

AGM

HIND

UJA V

ENTU

RE LT

DAd

optio

n of P

&L an

d Bala

nce S

heet

, Rea

ppoin

tmen

t of D

irecto

rs, D

eclar

ation

of D

ivide

nd an

d Aut

horis

ation

for is

suan

ce of

equit

y sha

res

N/A

Absta

in31

-Jul-1

0AG

MLA

NCO

INFR

ATEC

H LT

DRe

appo

intm

ent o

f Dire

ctors,

Rem

uner

ation

to D

irecto

rs,Ap

point

men

t of A

udito

rs,Ad

optio

n of P

&L an

d Bala

nce S

heet

,Cons

ider E

SOP..

N/A

Absta

in31

-Jul-1

0AG

MTH

E KAR

NATA

KA BA

NK

LTD.

Adop

tion o

f P&L

and B

alanc

e She

et, A

ppoin

tmen

t of D

irecto

rs, D

eclar

ation

of D

ivide

nd, A

ppoin

tmen

t of A

udito

rs, Al

tera

tion i

n AOA

N/

AAb

stain

2-Au

g-10

AGM

MCL

EOD

RUSS

ELAd

optio

n of P

&L an

d Bala

nce S

heet

, Dec

larat

ion of

divid

end a

nd Re

appo

intm

ent o

f Dire

ctors

N/A

Absta

in2-

Aug-

10AG

MPU

NJ LL

OYD

LTD

To ap

prov

e re-

appo

intm

ent o

f Dire

ctors

of th

e Com

pany

, app

ointm

ent o

f Add

ition

al Di

recto

r as D

irecto

r of t

he Co

mpa

ny an

d aut

horit

y to B

oard

of D

irecto

rs to

borro

w m

oney

s with

/with

out s

ecur

ity .

N/A

Absta

in

4-Au

g-10

AGM

IL&FS

TRAN

SPOR

TATIO

N NE

TOW

RKS L

TDAp

point

men

t of D

irecto

rs,Re

appo

intm

ent o

f Dire

ctors,

Rem

uner

ation

to D

irecto

rs,Ad

optio

n of P

&L an

d Bala

nce S

heet

,Dec

larat

ion of

Divi

dend

.N/

AAb

stain

Date

of

Mee

ting

Type

of

Mee

ting

Com

pany

Nam

ePr

opos

alM

anag

emen

t Re

com

men

datio

nVo

te

5-Au

g-10

AGM

INDI

AN H

OTEL

STo

appr

ove r

e-ap

point

men

t of D

irecto

rs of

the C

ompa

ny.

N/A

Absta

in5-

Aug-

10AG

MNM

DC LT

DAd

optio

n of B

/S an

d P/L

, dec

larat

ion of

divid

end a

nd re

appo

intm

ent o

f dire

ctors

N/A

Absta

in

6-Au

g-10

AGM

ADITY

A BIR

LA N

UVA L

TDTo

appr

ove r

e-ap

point

men

t of D

irecto

rs of

the C

ompa

ny, s

ale an

d tra

nsfer

of sh

ares

in Li

fe In

sura

nce C

ompa

ny to

anot

her g

roup

com

pany

and a

ppro

val fo

r re-

prici

ng of

the

Emplo

yee S

tock

Opt

ions.

N/A

Absta

in

6-Au

g-10

AGM

GREE

NPLY

INDU

STRI

ES

LTD

Appo

intm

ent o

f Dire

ctors,

Reap

point

men

t of D

irecto

rs,Re

vision

of Re

mun

erat

ion to

Dire

ctors,

Adop

tion o

f P&L

and B

alanc

e She

et,D

eclar

ation

of D

ivide

nd,Pa

ymen

t of

com

misi

on to

the n

on-e

xecu

tive d

irecto

rs of

the c

ompa

ny.

N/A

Absta

in

10-A

ug-1

0AG

MHO

TEL L

EELA

VENT

URE

LTD

Adop

tion o

f Aud

ited B

/S &

P/L A

cct.,

Adop

tion o

f Dire

ctors

& Au

ditor

s Rep

ort,C

hang

e in A

udito

rs,Ch

ange

in D

irecto

rs,Di

viden

d,Pre

feren

tial Is

sue,R

aising

fund

s thr

ough

Deb

t In

str.,Is

sue o

f Equ

ity Sh

ares

N/A

Absta

in

10-A

ug-1

0AG

MNA

GARJ

UNA

CONS

TRUC

TION

CO. L

TD.

To ap

prov

e re-

appo

intm

ent o

f Dire

ctors

of th

e Com

pany

.N/

AAb

stain

12-A

ug-1

0AG

MAI

A ENG

INEE

RING

LTD

To ap

prov

e re-

appo

intm

ent o

f Mr. R

ajend

ra Sh

ah an

d Mr. S

anjay

Majm

udar

as D

irecto

rs of

the C

ompa

ny an

d to a

ppro

ve ap

point

men

t of P

ower

tec E

ngine

ering

Priva

te

Limite

d, a c

ompa

ny in

whic

h one

of th

e Dire

ctors

of th

e Com

pany

is a

Dire

ctor, t

o offi

ce or

plac

eN/

AAb

stain

13-A

ug-1

0AG

MDI

VI'S

LABO

RATO

RIES

LTD

Adop

tion o

f P&L

and B

alanc

e She

et, R

eapp

ointm

ent o

f Dire

ctors

and D

eclar

ation

of D

ivide

ndN/

AAb

stain

13-A

ug-1

0AG

MSU

ZLON

ENER

GY LI

MITE

DTo

appr

ove r

e-ap

point

men

t of D

irecto

rs of

the C

ompa

ny, a

ppro

val t

o the

Boar

d of D

irecto

rs to

cont

ribut

e on b

ehalf

of th

e Com

pany

to ch

arita

ble or

othe

r fun

ds, t

o rat

ify an

d ap

prov

e the

rem

uner

ation

paid

to Ch

airm

an &

Man

aging

Dire

ctor a

nd E

xecu

tive D

irec

N/A

Absta

in

13-A

ug-1

0AG

MTA

TA ST

EEL L

IMITE

D.To

appr

ove r

e-ap

point

men

t of D

irecto

rs of

the C

ompa

ny, a

ppro

ve ap

point

men

t of A

dditi

onal

Dire

ctor a

s Dire

ctor o

f the

Com

pany

, app

rova

l for a

ppoin

tmen

t of M

anag

ing

Dire

ctor a

nd hi

s rem

uner

ation

.N/

AAb

stain

14-A

ug-1

0AG

MSH

REE C

EMEN

TSAd

optio

n of P

&L an

d Bala

nce S

heet

, Rea

ppoin

tmen

t of D

irecto

rs, D

eclar

ation

of D

ivide

nd, R

emun

erat

ion to

Audit

ors,

incre

asing

borro

wing

limits

, Aut

horis

ation

for c

reat

ion

of ch

arge

for m

ovab

le/im

mov

able

asse

ts in

favou

r of le

nder

s for

secu

ring l

oan

N/A

Absta

in

16-A

ug-1

0AG

MVO

LTAS

To ap

prov

e re-

appo

intm

ent o

f Dire

ctors

of th

e Com

pany

, app

ointm

ent o

f Add

ition

al Di

recto

rs as

Dire

ctors

of th

e Com

pany

and a

ppro

val fo

r app

ointm

ent o

f Man

aging

Di

recto

r and

the t

erm

s and

cond

ition

s of a

ppoin

tmen

t inc

luding

rem

uner

ation

.N/

AAb

stain

20-A

ug-1

0AG

MGR

ASIM

To ap

prov

e re-

appo

intm

ent o

f Dire

ctors

of th

e Com

pany

, to a

ppro

ve ap

point

men

t of D

irecto

r liab

le to

retir

e by r

otat

ion, a

ppro

val fo

r app

ointm

ent o

f Who

letim

e Dire

ctors

and

the t

erm

s and

cond

ition

s per

taini

ng to

appo

intm

ent i

nclud

ing re

mun

erat

ion.

N/A

Absta

in

20-A

ug-1

0AG

MSU

NDAR

AM FA

STEN

ERS

LTD

Adop

tion o

f P&L

and B

alanc

e She

et, A

ppoin

tmen

t of D

irecto

rs an

d Rev

ision

of Re

mun

erat

ionN/

AAb

stain

25-A

ug-1

0AG

MCIP

LATo

appr

ove r

e-ap

point

men

t of D

irecto

rs of

the C

ompa

ny an

d app

rova

l for h

olding

of offi

ce or

plac

e of p

rofit

by re

lative

of D

irecto

r of t

he Co

mpa

ny.

N/A

Absta

in25

-Aug

-10

AGM

EMCO

LTD

LTD

Appo

intm

ent o

f Dire

ctors,

Reap

point

men

t of D

irecto

rs,De

clara

tion o

f Divi

dend

,Re-

Appo

intm

ent o

f Cha

rtere

d Acco

unta

nts a

s Aud

itors

of th

e Com

pany

.N/

AAb

stain

25-A

ug-1

0AG

MPI

PAVA

V SHI

PYAR

D LT

DAd

optio

n of P

&L an

d Bala

nce S

heet

, App

ointm

ent &

Reap

point

men

t of D

irecto

rs, Re

mun

erat

ion to

Dire

ctors,

Appr

oval

for a

llotm

ent o

f uns

ecur

ed co

nver

tible

debe

ntur

es to

Va

liant

Mau

ritius

Partn

ers

N/A

Absta

in

26-A

ug-1

0AG

MJE

T AIR

WAY

S IND

IA LT

D.Ad

optio

n of P

&L an

d Bala

nce S

heet

,Rea

ppoin

tmen

t of D

irecto

rs,Re

-App

ointm

ent o

f Aud

itors,

Appo

intm

ent o

f Exe

cutiv

e Vice

Pres

ident

,Inve

stmen

t up t

o Rs.4

5 Cro

res i

n MAS

GM

R Aer

ospa

ce En

ginee

ring C

ompa

ny Lt

d, Ap

point

men

t of M

anag

emen

t Tra

inee

N/A

Absta

in

26-A

ug-1

0AG

MLA

RSEN

& TO

UBRO

NEW

To ap

prov

e re-

appo

intm

ent o

f Dire

ctors

of th

e Com

pany

, to a

ppro

ve re

-app

ointm

ent o

f Who

letim

e Dire

ctors

of th

e Com

pany

alon

gwith

the t

erm

s and

cond

ition

s of r

e-ap

point

men

t inc

luding

rem

uner

ation

, app

rova

l for p

aym

ent o

f com

miss

ion to

Non

-exe

cutiv

e Dire

ctoN/

AAb

stain

27-A

ug-1

0AG

MSP

ICEJE

T LTD

Adop

tion o

f P&L

and B

alanc

e She

et, A

ppoin

tmen

t of D

irecto

rs an

d Inc

reas

e in A

utho

rised

shar

e cap

ital

N/A

Absta

in27

-Aug

-10

AGM

TITAG

ARH W

AGON

S LTD

Expla

natio

n on u

tiliza

tion o

f fun

ds of

IPO

and p

refen

tial a

llotm

ent o

f war

rant

s to S

mt.

Rash

mi C

howd

hary,

prom

oter

grou

p ent

ityN/

AAb

stain

30-A

ug-1

0AG

MTU

LIP TE

LECO

M LT

DTo

appr

ove r

e-ap

point

men

t of D

irecto

rs of

the C

ompa

ny.

N/A

Absta

in31

-Aug

-10

AGM

WEL

SPUN

CORP

LIM

ITED

To ap

prov

e re-

appo

intm

ent o

f Mr. M

.L. M

ittal,

Mr. K

.H. V

iswan

atha

n and

Mr. R

ajkum

ar Ja

in as

Dire

ctors

of th

e Com

pany

.N/

AAb

stain

1-Se

p-10

AGM

BHAR

TI AI

RTEL

LTD

To ap

prov

e re-

appo

intm

ent o

f Dire

ctors

of th

e Com

pany

, app

ointm

ent o

f rela

tive o

f Dire

ctor a

s an e

mplo

yee o

f sub

sidiar

y com

pany

unde

r Offi

ce or

Plac

e of P

rofit

, pay

men

t of

com

miss

ion to

Non

-exe

cutiv

e Dire

ctors

of th

e Com

pany

. N/

AAb

stain

1-Se

p-10

AGM

TATA

MOT

ORS

To ap

prov

e re-

appo

intm

ent o

f Dire

ctors

of th

e Com

pany

, app

rove

appo

intm

ent o

f Add

ition

al Di

recto

r as D

irecto

r of t

he Co

mpa

ny an

d to a

ppro

ve fo

r app

ointm

ent o

f M

anag

ing D

irecto

r and

his r

emun

erat

ion.

N/A

Absta

in

3-Se

p-10

AGM

HIND

ALCO

INDU

STRI

ES

LTD

To ap

prov

e re-

appo

intm

ent o

f Dire

ctors

of th

e Com

pany

and t

o aut

horis

e the

Boar

d of D

irecto

rs of

the C

ompa

ny to

crea

te m

ortg

age/

char

ge on

the a

ssets

of th

e Com

pany

to

secu

re lo

an fa

cility

.N/

AAb

stain

6-Se

p-10

AGM

ACTIO

N CO

NSTR

UCTIO

N"A

ppoin

tmen

t of D

irecto

rs, Re

appo

intm

ent o

f Dire

ctors,

Adop

tion o

f Bala

nce S

heet

, Con

sider

ESOP

, Con

sider

Incre

asing

Auth

orise

d Sha

re Ca

pital

of Co

mpa

ny, C

onsid

er

allot

men

t of e

quity

shar

es,"

N/A

Absta

in

7-Se

p-10

AGM

MARU

TI SU

ZUKI

INDI

A LIM

ITED

To ap

prov

e re-

appo

intm

ent o

f Dire

ctors

of th

e Com

pany

.N/

AAb

stain

8-Se

p-10

AGM

RURA

L ELE

CTRI

FICAT

ION

CORP

ORAT

ION

LTD

Adop

tion o

f P&L

and B

alanc

e She

et, R

eapp

ointm

ent o

f Dire

ctors,

Dec

larat

ion of

Divi

dend

, Rem

uner

ation

to Au

ditor

s, inc

reas

ing bo

rrowi

ng lim

its, A

utho

risat

ion fo

r cre

ation

of

char

ge fo

r mov

able/

imm

ovab

le as

sets,

incre

sing l

imits

of FI

Is an

d alte

ratio

n in A

OAN/

AAb

stain

Date

of

Mee

ting

Type

of

Mee

ting

Com

pany

Nam

ePr

opos

alM

anag

emen

t Re

com

men

datio

nVo

te

8-Se

p-10

AGM

TATA

POW

ERTo

appr

ove r

e-ap

point

men

t of D

irecto

rs of

the C

ompa

ny, a

ppro

ve ap

point

men

t of A

dditi

onal

Dire

ctor a

s Dire

ctor o

f the

Com

pany

and a

ppro

val fo

r re-

appo

intm

ent o

f Ex

ecut

ive D

irecto

r alon

gwith

the t

erm

s and

cond

ition

s inc

luding

rem

uner

ation

.N/

AAb

stain

8-Se

p-10

AGM

TVS M

OTOR

SIss

uanc

e of b

onus

shar

esN/

AAb

stain

8-Se

p-10

AGM

UNITE

D PH

OSPH

OROU

S LT

DTo

appr

ove r

e-ap

point

men

t of D

irecto

rs of

the C

ompa

ny an

d pay

men

t of r

emun

erat

ion to

Dire

ctors

(oth

er th

an W

holet

ime a

nd M

anag

ing D

irecto

r).

N/A

Absta

in

10-S

ep-1

0AG

MGU

JARA

T NRE

COKE

Appo

intm

ent o

f Dire

ctors,

Reap

point

men

t of D

irecto

rs,Re

mun

erat

ion to

Dire

ctors,

Adop

tion o

f P&L

and B

alanc

e She

et,Pa

ymen

t of D

ivide

nd.

N/A

Absta

in13

-Sep

-10

AGM

FEDE

RAL B

ANK

To ap

prov

e re-

appo

intm

ent o

f Dire

ctors

of th

e Com

pany

, app

rove

appo

intm

ent o

f Dire

ctor l

iable

to re

tire b

y rot

ation

and a

ppro

val fo

r pay

men

t of r

emun

erat

ion to

Exec

utive

Di

recto

r of t

he Ba

nk.

N/A

Absta

in

14-S

ep-1

0AG

MST

EEL A

UTHO

RITY

OF

INDI

ATo

appr

ove r

e-ap

point

men

t of D

irecto

r of t

he Co

mpa

ny, a

ppoin

tmen

t of A

dditi

onal

Dire

ctors

as D

irecto

rs of

the C

ompa

ny, t

o offe

r, issu

e and

allot

equit

y sha

res o

f the

Co

mpa

ny an

d app

rova

l to t

he sc

hem

e of a

malg

amat

ion.

N/A

Absta

in

15-S

ep-1

0AG

MCA

IRN

INDI

A LTD

To ap

prov

e re-

appo

intm

ent o

f Dire

ctors

of th

e Com

pany

.N/

AAb

stain

15-S

ep-1

0AG

MJY

OTI S

TRUC

TURE

LTD

Adop

tion o

f P&L

and B

alanc

e She

et, R

eapp

ointm

ent o

f Dire

ctors,

Dec

larat

ion of

Divi

dend

, App

ointm

ent o

f Aud

itors

and A

utho

risat

ion fo

r issu

ance

of sh

are c

apita

l for

Quali

fied I

nstit

ution

al Bu

yers

N/A

Absta

in

15-S

ep-1

0AG

MMA

X IND

IAAp

point

men

t of D

irecto

rs,Re

appo

intm

ent o

f Dire

ctors,

Appo

intm

ent o

f Aud

itors,

Adop

tion o

f P&L

and B

alanc

e She

et.

N/A

Absta

in15

-Sep

-10

AGM

SJVN

LIM

ITED

To ap

prov

e re-

appo

intm

ent o

f Dire

ctors

of th

e Com

pany

.N/

AAb

stain

16-S

ep-1

0AG

MHI

NDUS

TAN

PETR

OLEU

M

CORP

N.To

appr

ove r

e-ap

point

men

t of D

irecto

rs of

the C

ompa

ny an

d app

ointm

ent o

f Add

ition

al Di

recto

r as D

irecto

r liab

le to

retir

e by r

otat

ion.

N/A

Absta

in

16-S

ep-1

0AG

MUN

ITECH

To ap

prov

e re-

appo

intm

ent o

f Dire

ctors

of th

e Com

pany

, app

rova

l for a

ltera

tion o

f Arti

cles o

f Asso

ciatio

n to m

odify

the p

eriod

of offi

ce of

Dire

ctors

who a

re ho

lding

the o

ffice

of

Exec

utive

Chair

man

/Exe

cutiv

e Dire

ctor/M

anag

ing D

irecto

r/Who

le-tim

e Dire

ctor

N/A

Absta

in

17-S

ep-1

0AG

MBH

ARAT

HEA

VY

ELEC

TRICA

LSAp

point

men

t of d

irecto

rs in

place

of re

tiring

Dire

ctors

& re

gular

isatio

n of A

dditi

onal

Dire

ctors.

N/A

Absta

in

17-S

ep-1

0AG

MIFC

I LTD

Appo

intm

ent o

f Dire

ctors,

Reap

point

men

t of D

irecto

rs,Ad

optio

n of P

&L an

d Bala

nce S

heet

,Dec

larat

ion of

Divi

dend

,N/

AAb

stain

17-S

ep-1

0AG

MJIN

DAL S

AW LT

DAd

optio

n of P

&L an

d Bala

nce S

heet

, Rea

ppoin

tmen

t of D

irecto

rs, D

eclar

ation

of D

ivide

nd &

Appo

intm

ent o

f Aud

itors

N/A

Absta

in18

-Sep

-10

AGM

IVRC

L INF

RAST

RUCT

URE

& PR

OJEC

TS LT

DAp

point

men

t of D

irecto

rs in

place

of re

tiring

Dire

ctors,

reap

point

men

t of E

xecu

tive D

irecto

r & re

vision

in th

e rem

uner

ation

, incre

ase i

n the

borro

wing

powe

rs of

the

Com

pany

.N/

AAb

stain

18-S

ep-1

0AG

MM

BL IN

FRAS

TRUC

TURE

S LT

DTo

appr

ove r

e-ap

point

men

t of D

irecto

r of t

he Co

mpa

ny, a

ppro

ve ap

point

men

t of A

dditi

onal

Dire

ctor a

s Dire

ctor o

f the

Com

pany

, aut

horit

y to t

he Bo

ard o

f Dire

ctors

to bo

rrow

in ex

cess

of pa

id up

capit

al an

d fre

e res

erve

s and

to m

ortg

age/

hypo

thec

ate p

rope

rtie

N/A

Absta

in

20-S

ep-1

0AG

MGA

TEW

AY D

ISTRI

PARK

S LIM

ITED

Adop

tion o

f P&L

and B

alanc

e She

et, R

eapp

ointm

ent o

f Dire

ctors,

Dec

larat

ion of

Divi

dend

and A

utho

risat

ion to

raise

fund

s thr

ough

QIPs

N/A

Absta

in

20-S

ep-1

0AG

MH

E GAd

optio

n of P

&L an

d Bala

nce S

heet

, Rea

ppoin

tmen

t of D

irecto

rs, D

eclar

ation

of D

ivide

nd, A

ppoin

tmen

t of A

udito

rs an

d Rev

ision

in re

mun

erat

ion fo

r Dire

ctors

N/A

Absta

in20

-Sep

-10

AGM

HERO

HON

DA M

OTOR

S LT

DTo

appr

ove r

e-ap

point

men

t of D

irecto

rs of

the C

ompa

ny an

d to a

ppro

ve ap

point

men

t of A

dditi

onal

Dire

ctor a

s Dire

ctor o

f the

Com

pany

.N/

AAb

stain

20-S

ep-1

0AG

MSU

PREM

E IN

FRAS

TRUC

TURE

INDI

A LT

D

Adop

tion o

f P&L

and B

alanc

e She

et an

d Dec

larat

ion of

Divi

dend

N/A

Absta

in

21-S

ep-1

0AG

MBO

MBA

Y RAY

ON

FASH

IONS

LTD

Paym

ent o

f divi

dend

& Ap

point

men

t of D

irecto

rsN/

AAb

stain

21-S

ep-1

0AG

MJA

IPRA

KASH

ASSO

CIATE

S LT

DAd

optio

n of P

&L an

d Bala

nce S

heet

, Rea

ppoin

tmen

t of D

irecto

rs, D

eclar

ation

of D

ivide

nd an

d App

ointm

ent o

f Aud

itors

N/A

Absta

in

21-S

ep-1

0AG

MPO

WER

FINA

NCE

CORP

ORAT

ION

LTD

Appo

intm

ent o

f Dire

ctors

in pla

ce of

retir

ing D

irecto

rs, is

suan

ce of

equit

y sha

res b

y way

of Q

ualifi

ed In

stitu

tiona

l Plac

emen

t, ap

prov

al of

ESOP

.N/

AAb

stain

22-S

ep-1

0AG

MGA

IL (IN

DIA)

LTD

Appo

intm

ent o

f Dire

ctors

in pla

ce of

retir

ing D

irecto

rs, re

gular

isatio

n of A

dditi

onal

Dire

ctors,

appo

intm

ent o

f Dire

ctors

relat

ive as

Dep

uty M

anag

er.N/

AAb

stain

22-S

ep-1

0AG

MNH

PC LT

DAp

point

men

t of D

irecto

rs in

place

of re

tiring

Dire

ctors

& re

gular

isatio

n of A

dditi

onal

Dire

ctor.

N/A

Absta

in22

-Sep

-10

AGM

SIMPL

EX PR

OJEC

TS LT

DIss

uanc

e of W

arra

nts t

o M/s

Saffo

rn Fi

npro

Dist

ribut

ors P

rivat

e Lim

ited

N/A

Absta

in23

-Sep

-10

AGM

AURO

BIND

O PH

ARMA

Adop

tion o

f B/S

and P

/L, d

eclar

ation

of di

viden

d and

reap

point

men

t of d

irecto

rsN/

AAb

stain

23-S

ep-1

0AG

MNT

PC LT

DAp

point

men

t of D

irecto

rs in

place

of re

tiring

Dire

ctors

& re

gular

isatio

n of A

dditi

onal

Dire

ctor.

N/A

Absta

in23

-Sep

-10

AGM

PTC I

NDIA

Appo

intm

ent o

f Dire

ctors

in pla

ce of

retir

ing D

irecto

rs, re

gular

isatio

n of A

dditi

onal

Dire

ctor &

appo

intm

ent o

f Cha

irman

& M

anag

ing D

irecto

r. N/

AAb

stain

24-S

ep-1

0AG

MBG

R ENE

RGY S

YSTE

MS

LTD

To ap

prov

e re-

appo

intm

ent o

f Dire

ctors

of th

e Com

pany

, to a

ppro

ve ap

point

men

t of D

irecto

r liab

le to

retir

e by r

otat

ion, a

ppro

val fo

r app

ointm

ent o

f Who

letim

e Dire

ctors

of

the C

ompa

ny al

ongw

ith th

e ter

ms a

nd co

nditi

ons f

or th

e app

ointm

ent i

nclud

ing re

mun

erN/

AAb

stain

Date

of

Mee

ting

Type

of

Mee

ting

Com

pany

Nam

ePr

opos

alM

anag

emen

t Re

com

men

datio

nVo

te

24-S

ep-1

0AG

MBH

ARAT

PETR

OLEU

M

CORP

.Ap

point

men

t of D

irecto

rs in

place

of re

tiring

Dire

ctors

& re

gular

isatio

n of A

dditi

onal

Dire

ctor.

N/A

Absta

in

24-S

ep-1

0AG

MPO

WER

GRI

D CO

RP O

F IN

DIA L

TDRe

-app

ointm

ent o

f Dire

ctors

retir

ing by

rota

tion.

N/

AAb

stain

25-S

ep-1

0AG

MGO

DAW

ARI P

OWER

AND

ISPAT

LTD

Adop

tion o

f P/L

and B

alanc

e she

et an

d Dec

larat

ion of

divid

end.

N/A

Absta

in

25-S

ep-1

0AG

MOI

L IND

IA LT

DRe

-app

ointm

ent o

f Dire

ctors

retir

ing by

rota

tion.

N/

AAb

stain

25-S

ep-1

0AG

MPA

NACE

A BIO

TEC L

TDAd

optio

n of B

/S an

d P/L

, dec

larat

ion of

divid

end a

nd re

appo

intm

ent o

f dire

ctors

N/A

Absta

in27

-Sep

-10

AGM

IDEA

CELL

ULAR

LTD

Adop

tion o

f the

Audit

ed Ac

coun

ts fo

r the

year

ende

d Mar

ch 31

, 201

0 tog

ethe

r with

the R

epor

t of D

irecto

rs an

d Aud

itors

ther

eon,

Re-a

ppoin

tmen

t of D

irecto

rs re

tiring

by

rota

tion &

regu

larisa

tion o

f Add

ition

al Di

recto

r,App

ointm

ent o

f Cha

rtere

d Acco

unta

nts,

as th

e Sta

tuto

ry Au

ditor

s of t

he Co

mpa

ny.

N/A

Absta

in

27-S

ep-1

0AG

MIR

B INF

RAST

RUCT

URE

DEVE

LOPE

RS LT

DAp

point

men

t of D

irecto

rs,Re

appo

intm

ent o

f Dire

ctors,

Rem

uner

ation

to D

irecto

rs,Ap

point

men

t of A

udito

rs,Ad

optio

n of P

&L an

d Bala

nce S

heet

, Spe

cial R

esolu

tion f

or ra

ising

of

fund

s,Ord

inary

Reso

lution

to bo

rrow

fund

s.N/

AAb

stain

27-S

ep-1

0AG

MKA

VERI

SEED

COM

PANY

LT

DRe

-app

ointm

ent o

f Dire

ctors

retir

ing by

rota

tion,

appo

intm

ent o

f Man

aging

Dire

ctor, W

hole-

time D

irecto

r & re

vision

in th

e rem

uner

ation

. N/

AAb

stain

27-S

ep-1

0AG

MPV

R LTD

Decla

ratio

n of d

ivide

nd &

Appo

intm

ent o

f Dire

ctors

N/A

Absta

in27

-Sep

-10

AGM

SANG

HAVI

MOV

ERS L

TDAd

optio

n of P

&L an

d Bala

nce S

heet

& D

elcar

ation

of di

viden

dN/

AAb

stain

28-S

ep-1

0AG

MDI

AMON

D PO

WER

IN

FRAS

TRUC

TURE

LIM

ITED

"App

ointm

ent o

f Dire

ctors,

Reap

point

men

t of D

irecto

rs, Ad

optio

n of P

&L an

d Bala

nce S

heet

,Dec

larat

ion of

Divi

dend

"N/

AAb

stain

28-S

ep-1

0AG

MDL

F LTD

Re-a

ppoin

tmen

t of D

irecto

rs re

tiring

by ro

tatio

n, ap

point

men

t of M

anag

ing &

Who

le-tim

e Dire

ctor, a

llotm

ent o

f sha

res o

n pre

feren

tial b

asis,

appo

intm

ent o

f Dire

ctors

relat

ive as

Busin

ess H

ead &

Gen

eral

Man

ager

- De

velop

men

t.N/

AAb

stain

28-S

ep-1

0AG

MJIN

DAL S

TEEL

& PO

WER

Adop

tion o

f B/S

and P

/L, d

eclar

ation

of di

viden

d and

reap

point

men

t of d

irecto

rsN/

AAb

stain

28-S

ep-1

0AG

MJU

BLIA

NT O

RGAN

OSYS

LT

DAd

optio

n of B

/S an

d P/L

, dec

larat

ion of

divid

end a

nd re

appo

intm

ent o

f dire

ctors

N/A

Absta

in

28-S

ep-1

0AG

MOP

TO CI

RCUI

TS IN

DIA L

TDAp

point

men

t of D

irecto

rs,Re

appo

intm

ent o

f Dire

ctors,

Adop

tion o

f P&L

and B

alanc

e She

et,D

eclar

ation

of D

ivide

nd,

N/A

Absta

in28

-Sep

-10

AGM

PHOE

NIX M

ILLS L

TDAd

optio

n of P

&L an

d Bala

nce S

heet

, Rea

ppoin

tmen

t of D

irecto

rs, D

eclar

ation

of D

ivide

nd, U

tilisa

tion o

f Res

idual

proc

eeds

N/A

Absta

in28

-Sep

-10

AGM

RELIA

NCE C

APITA

LTo

appr

ove r

e-ap

point

men

t of D

irecto

rs of

the C

ompa

ny, a

utho

rity t

o und

erta

ke Q

ualifi

ed In

stitu

tiona

l Plac

emen

t upt

o 15%

of pa

id up

capit

al, re

-app

ointm

ent o

f Man

ager

an

d pay

men

t of r

emun

erat

ion by

way

of Co

mm

ission

to N

on-e

xecu

tive D

irecto

rs.N/

AAb

stain

28-S

ep-1

0AG

MRE

LIANC

E CO

MM

UNICA

TIONS

LTD

Re-a

ppoin

tmen

t of D

irecto

rs re

tiring

by ro

tatio

n, re

gular

isatio

n of A

dditi

onal

Dire

ctor, i

ssue o

f sha

res t

o Qua

lified

Insti

tutio

nal B

uyer

s.N/

AAb

stain

29-S

ep-1

0AG

MAL

LIED

DIGI

TAL S

ERVI

CES

LTD

To ap

prov

e re-

appo

intm

ent o

f Dr. S

hrika

nt Pa

rikh a

nd Pr

of. Ve

nugo

pal Iy

enga

r as D

irecto

rs of

the C

ompa

ny, a

ppro

ve ap

point

men

t of D

r. Roo

p Kish

an D

ave -

Addit

ional

Dire

ctor a

s Dire

ctor l

iable

to re

tire b

y rot

ation

, app

rove

ratifi

catio

n of in

creas

e in r

emun

N/A

Absta

in

29-S

ep-1

0AG

MM

CDOW

ELL H

OLDI

NGS

LTD

Mcd

owell

Hold

ings L

imite

d has

info

rmed

the E

xcha

nge t

hat t

he An

nual

Gene

ral M

eetin

g of t

he Co

mpa

ny w

ill be

held

on Se

ptem

ber 2

9, 20

10. F

urth

er, th

e Reg

ister

of

Mem

bers

and S

hare

Tran

sfer B

ooks

of th

e Com

pany

will

rem

ain cl

osed

from

Sept

embe

r 27,

2010

to Se

ptem

ber 2

9, 20

10 (b

oth d

ays i

nclus

ive) i

n con

necti

on w

ith th

e Ann

ual

Gene

ral M

eetin

g of t

he Co

mpa

ny.

N/A

Absta

in

29-S

ep-1

0AG

MNI

TESH

ESTA

TE PR

IVATE

LT

DAd

optio

n of P

&L an

d Bala

nce S

heet

, and

Reap

point

men

t of D

irecto

rs,N/

AAb

stain

30-S

ep-1

0AG

MIN

DIAB

ULLS

REAL

ESTA

TE

LTD

India

bulls

Real

Esta

te Lt

d has

info

rmed

BSE t

hat t

he m

embe

rs at

the 4

th An

nual

Gene

ral M

eetin

g (AG

M) o

f the

Com

pany

held

on Se

ptem

ber 3

0, 20

10, in

ter a

lia, h

ave

acco

rded

their

appr

oval

to al

l the

busin

esse

s set

out i

n the

AGM

Not

ice.

N/A

Absta

in

30-S

ep-1

0AG

MPV

P VEN

TURE

S LTD

"Ado

ption

of P&

L and

Balan

ce Sh

eet,A

ppoin

tmen

t of D

irecto

rs an

d Aud

itors

of th

e com

pany

."N/

AAb

stain

27-O

ct-10

AGM

HCL I

NFOS

YSTE

M LT

DRe

-app

ointm

ent o

f Dire

ctors

retir

ing by

rota

tion,

reap

point

men

t of M

anag

ing D

irecto

r, Who

le-tim

e Dire

ctor, r

evisi

on in

the r

emun

erat

ion of

Chair

man

& CE

O &

Who

le-tim

e dir

ecto

r, COO

& W

hole-

time D

irecto

r. N/

AAb

stain

27-O

ct-10

AGM

UNITE

D SP

IRITS

LTD

Re-a

ppoin

tmen

t of D

irecto

rs re

tiring

by ro

tatio

n and

paym

ent o

f com

miss

ion to

Dire

ctors.

N/A

Absta

in28

-Oct-

10AG

MHC

L TEC

HNOL

OGIES

LTD

Re-a

ppoin

tmen

t of D

irecto

rs re

tiring

by ro

tatio

n.

N/A

Absta

in28

-Oct-

10AG

MRE

LIANC

E POW

ER LT

DRe

-app

ointm

ent o

f Dire

ctors

retir

ing by

rota

tion &

revis

ion in

the r

emun

erat

ion of

who

le-tim

e Dire

ctor.

N/A

Absta

in29

-Oct-

10AG

MZE

E ENT

ERTA

INM

ENT L

TDRe

-app

ointm

ent o

f Dire

ctors

retir

ing by

rota

tion,

reap

point

men

t of M

D &

CEO,

paym

ent o

f com

miss

ion an

d sub

-divi

sion o

f sha

res.

N/A

Absta

in3-

Nov-

10AG

MPA

NTAL

OON

RETA

IL Fo

r the

purp

ose o

f det

erm

ining

the d

ivide

nd on

fully

paid

up co

mpu

lsoril

y con

verti

ble pr

efere

nce s

hare

s, eq

uity s

hare

s and

on Cl

ass B

Shar

es (S

eries

1).

N/A

Absta

in16

-Dec

-10

AGM

DISH

TV IN

DIA L

TDAp

point

men

t of D

irecto

rs,Re

appo

intm

ent o

f Dire

ctors,

Adop

tion o

f P&L

and B

alanc

e She

et, R

aising

of Lo

ng Te

rm Fu

nds,A

utho

rising

the B

oard

of D

irecto

rs of

the C

ompa

ny to

m

ortg

age,

hypo

thec

ate a

nd/o

r cha

rge a

ll or a

ny pa

rt of

the a

ssets

of th

e Com

pany

.N/

AAb

stain

21-D

ec-1

0AG

MSA

TYAM

COM

PUTE

RSAd

optio

n of P

&L an

d Bala

nce S

heet

, App

ointm

ent o

f Dire

ctors

and A

utho

risat

ion to

cont

ribut

e to c

harit

able

and o

ther

fund

sN/

AAb

stain

Date

of

Mee

ting

Type

of

Mee

ting

Com

pany

Nam

ePr

opos

alM

anag

emen

t Re

com

men

datio

nVo

te

22-D

ec-1

0AG

MRE

LIANC

E IN

FRAS

TRUC

TURE

LTD

To ap

prov

e re-

appo

intm

ent o

f Dire

ctors

of th

e Com

pany

and p

aym

ent o

f rem

uner

ation

by w

ay of

com

miss

ion to

Dire

ctors

of th

e Com

pany

exclu

ding W

holet

ime/

Man

aging

Di

recto

rs.

N/A

Absta

in

28-D

ec-1

0AG

MBA

RTRO

NICS

INDI

A LTD

Auth

orisa

tion f

or cr

eatio

n, is

suan

ce an

d allo

tmen

t of e

quity

shar

es /

secu

rities

N/A

Absta

in30

-Dec

-10

AGM

MIC

ELEC

TRON

ICS LT

DAd

optio

n of P

&L an

d Bala

nce S

heet

,Rea

ppoin

tmen

t of D

irecto

rs,Re

-app

ointe

d of S

tatu

tory

Audit

ors,A

ppro

ved I

nser

ting a

new

claus

e ena

bling

the C

ompa

ny to

prov

ide lo

ans

or gu

aran

tee t

o any

othe

r per

son o

r com

pany

,App

rove

d Rev

ision

of Ba

sic Sa

lary o

f Cha

irman

& M

anag

ing D

irecto

r, App

rove

d ESO

P-20

10),

Appr

oved

Reso

lution

exte

nding

be

nefit

s of (

ESOP

-201

0) to

emplo

yees

of su

bsidi

ary c

ompa

nies.

N/A

Absta

in

30-D

ec-1

0AG

MM

ONNE

T ISP

AT &

ENER

GY

LTD

Adop

tion o

f B/S

and P

/L, d

eclar

ation

of di

viden

d and

reap

point

men

t of d

irecto

rsN/

AAb

stain

31-D

ec-1

0AG

MAM

TEK A

UTO

LTD

Adop

tion o

f B/S

and P

/L, d

eclar

ation

of di

viden

d and

reap

point

men

t of d

irecto

rsN/

AAb

stain

28-Ja

n-11

AGM

SIEM

ENS L

TDTo

appr

ove r

e-ap

point

men

t of D

irecto

rs/W

holet

ime D

irecto

r of t

he Co

mpa

ny an

d rev

ision

of re

mun

erat

ion of

Man

aging

Dire

ctor/W

holet

ime D

irecto

r/Exe

cutiv

e Dire

ctor o

f th

e Com

pany

and p

aym

ent o

f divi

dend

N/A

Absta

in

24-F

eb-1

1AG

MM

PHAS

IS LT

DAd

optio

n of P

&L an

d Bala

nce S

heet

, Rea

ppoin

tmen

t of D

irecto

rs, D

eclar

ation

of D

ivide

nd an

d Gra

nting

restr

icted

stoc

k unit

to pe

rman

ent e

mplo

yee /

dire

ctor o

f the

su

bsida

ry co

mpa

nyN/

AAb

stain

25-F

eb-1

1AG

MES

CORT

S LTD

Adop

tion o

f P&L

and B

alanc

e She

et, R

eapp

ointm

ent o

f Dire

ctors,

Revis

ion in

rem

uner

ation

and D

eclar

ation

of D

ivide

ndN/

AAb

stain

29-M

ar-1

1AG

MSH

REE R

ENUK

A SUG

ARS

LTD

To ap

prov

e re-

appo

intm

ent o

f Dire

ctors

of th

e Com

pany

, app

rove

appo

intm

ent o

f Add

ition

al Di

recto

r as D

irecto

r liab

le to

retir

e by r

otat

ion, a

ppro

val fo

r app

ointm

ent/r

e-ap

point

men

t of W

holet

ime D

irecto

rs/M

anag

ing D

irecto

r alon

gwith

the t

erm

s and

cond

ition

sN/

AAb

stain

4-Ja

n-10

EGM

GRAS

IMSc

hem

e of A

rrang

emen

tN/

AAb

stain

18-F

eb-1

0EG

MCA

IRN

INDI

A LTD

Sche

me o

f Arra

ngem

ent

N/A

Absta

in20

-Feb

-10

EGM

JUBL

IANT

ORG

ANOS

YS

LTD

Raisi

ng fu

nds t

hrou

gh D

ebt I

nstr.

N/A

Absta

in

24-F

eb-1

0EG

MCR

OMPT

ON G

REAV

ESAm

endm

ents

in M

emor

andu

m of

Asso

c.,Bo

nus I

ssue,I

ncre

ase i

n Aut

horis

ed Ca

pital

N/A

Absta

in7-

Apr-1

0EG

MM

PHAS

IS LT

DTo

appr

ove m

erge

r of M

phas

iS Fin

Solut

ions P

vt. Lt

d, wi

th M

phas

iS Ltd

.N/

AAb

stain

19-A

pr-1

0EG

MSH

REE R

ENUK

A SUG

ARS

LTD

To ap

prov

e the

sche

me o

f am

algam

ation

of G

odav

ari B

iofue

l Pvt.

Ltd.

and R

atna

prab

ha Su

gars

Ltd. w

ith th

e Com

pany

.N/

AAb

stain

20-A

pr-1

0EG

MZE

E ENT

ERTA

INM

ENT L

TDTo

appr

ove c

ompo

site s

chem

e of a

malg

amat

ion an

d arra

ngem

ent b

etwe

en ET

C Net

work

s Ltd

., Zee

Ente

rtainm

ent E

nter

prise

s Ltd

., Zee

Lear

n Ltd

. N/

AAb

stain

21-A

pr-1

0EG

MUN

ITED

SPIR

ITS LT

DTo

appr

ove s

chem

e of a

rrang

emen

t bet

ween

Balaj

i Dist

illerie

s Ltd

., Che

nnai

Brew

eries

Pvt.

Ltd. a

nd U

nited

Spiri

ts Ltd

. and

appr

oving

Reha

bilita

tion S

chem

e of B

alaji

Disti

llerie

s Ltd

. N/

AAb

stain

23-A

pr-1

0EG

MW

ELSP

UN CO

RP LI

MITE

DCh

ange

in th

e nam

e of t

he Co

mpa

ny fr

om 'W

elspu

n-Gu

jarat

Stah

l Roh

ren L

td' to

'Wels

pun C

orp L

td'

N/A

Absta

in29

-Apr

-10

EGM

SUZL

ON EN

ERGY

LIM

ITED

To ap

prov

e red

uctio

n in t

he co

nver

sion p

rice o

f the

Zero

Coup

on Co

nver

tible

Bond

s.N/

AAb

stain

30-A

pr-1

0EG

MAC

TION

CONS

TRUC

TION

Allot

men

t of W

arra

nts t

o pro

mot

ers o

f Com

pany

N/A

Absta

in7-

May

-10

EGM

H E G

Auth

orisi

ng th

e issu

ance

of Se

curit

ies fr

om ti

me t

o tim

e upt

o an a

ggre

gate

amou

nt no

t exc

eedin

g Rs.

400 c

rore

s,Aut

horis

ing th

e Boa

rd of

Dire

ctors

to bo

rrow

fund

s fro

m

time t

o tim

e for

requ

irem

ents

of th

e Com

pany

,Cre

ation

of ch

arge

on th

e mov

able

/ im

mov

able

prop

ertie

s of t

he Co

mpa

ny in

favo

ur of

vario

us le

nder

sN/

AAb

stain

18-M

ay-1

0EG

MDE

WAN

HOU

SING

FIN

CORP

LTD

Issue

equit

y sha

res t

o QIB

's,Iss

ue eq

uity s

hare

s to M

/s. Ca

ledon

ia In

vestm

ents

Plc an

d the

Prom

oter

s of t

he co

mpa

ny on

prefe

rent

ial al

lotm

ent b

asis,

Enha

ncem

ent o

f For

eign

Insti

tutio

nal In

vesto

rs (F

IIs) i

nves

tmen

t lim

it in

the p

aid up

capit

al of

the C

ompa

ny.

N/A

Absta

in

28-M

ay-1

0EG

MDR

REDD

YS

LABO

RATO

RIES

LTD

To ap

prov

e issu

e of u

nsec

ured

, rede

emab

le, no

n-co

nver

tible,

fully

paid

up bo

nus d

eben

ture

s of t

he Co

mpa

ny.

N/A

Absta

in

29-M

ay-1

0EG

MPV

R LTD

To ap

prov

e sch

eme o

f am

algam

ation

betw

een L

eisur

e Wor

ld Pv

t. Ltd

. and

PVR L

td.

N/A

Absta

in2-

Jun-

10EG

MJS

W ST

EEL L

TD (X

- JIN

DAL V

IJAYN

AGAR

ST

EEL

To cr

eate

, offe

r, issu

e and

allot

in on

e or m

ore t

ranc

hes,

upto

175,0

0,000

(One

Cror

e Sev

enty

Five

Lakh

) war

rant

s (W

arra

nts),

conv

ertib

le int

o equ

ity sh

ares

of th

e Com

pany

of

par v

alue o

f Rs.1

0 eac

h (Eq

uity S

hare

s), to

Sapp

hire T

echn

ologie

s Ltd

(the

War

rant

holde

r),

N/A

Absta

in

8-Ju

n-10

EGM

BALR

AMPU

R CHI

NI M

ILLS

Sche

me o

f Arra

ngem

ent f

or th

e dem

erge

r of S

uger

Divi

sion o

f Indo

Gulf

Indu

stries

Ltd.

(IGIL)

and m

erge

r of t

he sa

id Su

gar D

ivisio

n with

Balra

mpu

r Chin

i Mills

Ltd.

(BCM

L)N/

AAb

stain

10-Ju

n-10

EGM

PANT

ALOO

N RE

TAIL

Alte

ratio

n of A

OA,To

incre

ase t

he Au

thor

ized S

hare

Capit

al of

the C

ompa

ny ,T

o san

ction

the S

chem

e of A

rrang

emen

t bet

ween

Hom

e Solu

tions

Reta

il (In

dia) L

td an

d Pa

ntalo

on Re

tail (

India

) Lim

ited a

nd th

eir re

spec

tive S

hare

holde

rs an

d Cre

ditor

s ,To

sanc

tion t

he Sc

hem

e of A

rrang

emen

t bet

ween

Pant

aloon

Reta

il (In

dia) L

imite

d ('PR

IL')

and F

utur

e Mall

Man

agem

ent L

imite

d (FM

ML)

and F

utur

e Mer

chan

dising

Lim

ited (

'FML')

and t

heir r

espe

ctive

Shar

ehold

ers a

nd Cr

edito

rs.

N/A

Absta

in

19-Ju

n-10

EGM

EVER

EST K

ANTO

CY

LINDE

R LTD

Allot

men

t of e

quity

shar

es on

prefe

rent

ial ba

sis to

Relia

nce C

apita

l Asse

t Man

agem

ent L

imite

d A/ c

Relia

nce G

rowt

h Fun

d. N/

AAb

stain

21-Ju

n-10

EGM

ICICI

BANK

LTD

To au

thor

ise th

e Boa

rd of

Dire

ctors

of th

e Ban

k to a

ccept

, the

cons

ent a

nd ap

prov

al of

the M

embe

rs of

the B

ank t

o the

amalg

amat

ion of

The B

ank o

f Raja

sthan

Lim

ited

N/A

Absta

in5-

Jul-1

0EG

MAM

TEK A

UTO

LTD

Issua

nce o

f war

rant

s to p

rom

oter

sN/

AAb

stain

Date

of

Mee

ting

Type

of

Mee

ting

Com

pany

Nam

ePr

opos

alM

anag

emen

t Re

com

men

datio

nVo

te

22-Ju

l-10

EGM

MON

NET I

SPAT

& EN

ERGY

LT

DFo

r the

purp

ose o

f con

sider

ing, a

ppro

ving,

with

or w

ithou

t mod

ifica

tion,

the p

ropo

sed S

chem

e of A

malg

amat

ion of

Mou

ntev

eres

t Tra

ding a

nd In

vestm

ent L

imite

d with

the

Com

pany

.N/

AAb

stain

22-Ju

l-10

EGM

SUPR

EME

INFR

ASTR

UCTU

RE IN

DIA

LTD

Priva

te Pl

acem

ent o

f equ

ity sh

ares

to Su

prem

e Con

struc

tion a

nd D

evelo

pers

PVt.

Ltd. a

nd Pi

vota

l Sec

uriti

es Pv

t. Ltd

N/A

Absta

in

2-Au

g-10

EGM

GODA

WAR

I POW

ER AN

D ISP

AT LT

DFo

r App

rova

l of t

he pr

opos

ed Sc

hem

e of A

rrang

emen

t of H

ira In

dustr

ies Lt

d. an

d R. R

. Ispa

t Ltd

. with

God

awar

i Pow

er &

Ispa

t Ltd

., the

Tran

sfere

e Com

pany

.N/

AAb

stain

6-Au

g-10

EGM

UNITE

CHTo

appr

ove s

chem

e of a

rrang

emen

t am

ong A

ditya

Prop

ertie

s Pvt.

Ltd,

Unite

ch H

olding

s Ltd

, Unit

ech L

td an

d Unit

ech I

nfra

Ltd.

N/A

Absta

in19

-Aug

-10

EGM

DIAM

OND

POW

ER

INFR

ASTR

UCTU

RE

LIMITE

D

Prefe

rent

ial Is

sue,I

ssue o

f Equ

ity Sh

ares

N/A

Absta

in

4-Se

p-10

EGM

RELIA

NCE P

OWER

LTD

To ap

prov

e Com

posit

e Sch

eme o

f Arra

ngem

ent b

etwe

en Re

lianc

e Nat

ural

Reso

urce

s Ltd

. ('RN

RL') a

nd Re

lianc

e Pow

er Lt

d. ('R

POW

ER') a

nd At

os Tr

ading

Pvt.

Ltd. (

'ATPL

') and

At

os M

erca

ntile

Pvt.

Ltd. (

'AMPL

') and

Coas

tal A

ndhr

a Pow

er In

frastr

uctu

re Lt

d. ('C

APIL'

N/A

Absta

in

7-Se

p-10

EGM

PIPA

VAV S

HIPY

ARD

LTD

Incre

asing

in th

e bor

rowi

ng po

wers

of th

e Com

pany

to Rs

. 250

0 Cro

res b

y issu

e of d

eben

ture

s and

Amen

dmen

t of t

he AO

AN/

AAb

stain

9-Se

p-10

EGM

THE K

ARNA

TAKA

BANK

LT

D.Ri

ghts

Issue

N/A

Absta

in

30-S

ep-1

0EG

MIN

DIAB

ULLS

FINA

NCIA

L SE

RVS

India

bulls

Fina

ncial

Serv

ices L

td ha

s inf

orm

ed BS

E tha

t the

Boar

d of D

irecto

rs of

the C

ompa

ny at

its m

eetin

g held

on Au

gust

31, 2

010,

has d

ecide

d to c

onve

ne an

Extra

Or

dinar

y Gen

eral

Mee

ting (

EGM

) of t

he Sh

areh

older

s of t

he Co

mpa

ny on

Sept

embe

r 30,

2010

.N/

AAb

stain

18-O

ct-10

EGM

SESA

GOA

To ap

prov

e inc

reas

e in i

nves

tmen

t lim

its, a

ppro

val t

o bor

row

in ex

cess

of pa

id-up

capit

al an

d fre

e res

erve

s and

reap

point

men

t of M

r. Am

it Pr

adha

n as W

holet

ime D

irecto

r.N/

AAb

stain

29-O

ct-10

EGM

MAHI

NDRA

AND

MAHI

NDRA

Sche

me o

f Arra

ngem

ent b

etwe

en M

ahind

ra Sh

ubhl

abh S

ervic

es Li

mite

d and

Mah

indra

and M

ahind

ra Li

mite

d. N/

AAb

stain

11-N

ov-1

0EG

MDI

SH TV

INDI

A LTD

For a

ppro

ving t

he Co

mpo

site S

chem

e of A

malg

amat

ion an

d Arra

ngem

ent b

etwe

en D

ish TV

India

Ltd.

and A

gran

i Sat

ellite

Serv

ices L

td. a

nd In

tegr

ated

Subs

cribe

r M

anag

emen

t Ser

vices

Ltd.

and t

heir r

espe

ctive

shar

ehold

ers a

nd cr

edito

rs ('S

chem

e').

N/A

Absta

in

18-N

ov-1

0EG

MHI

NDUJ

A VEN

TURE

LTD

The S

chem

e of A

malg

amat

ion be

twee

n HTM

T Tele

com

Priva

te Li

mite

d int

o Hind

uja Ve

ntur

es Li

mite

d.N/

AAb

stain

23-D

ec-1

0EG

MAU

ROBI

NDO

PHAR

MASu

b-div

ision

of Eq

uity s

hare

s, Al

tera

tion o

f MOA

, Alte

ratio

n of A

OAN/

AAb

stain

17-Ja

n-11

EGM

IFCI L

TDAp

point

men

t of D

irecto

rs in

place

of re

tiring

Dire

ctors,

appr

oval

for k

eepin

g Reg

ister

of M

embe

rs at

R&Ts

place

.N/

AAb

stain

28-Ja

n-11

EGM

BGR E

NERG

Y SYS

TEM

S LT

DM

odifi

catio

n of u

tiliza

tion o

f 'Init

ial Pu

blic O

fferin

g' pr

ocee

ds &

Appo

intm

ent o

f Dire

ctors

N/A

Absta

in

8-Fe

b-11

EGM

KPIT

CUM

MIN

S IN

FOSY

STEM

S LTD

Issua

nce o

f Equ

ity Sh

ares

N/A

Absta

in

15-F

eb-1

1EG

MHE

XAW

ARE

TECH

NOLO

GIES

LTD

Issue

of bo

nus s

hare

s In t

he ra

tio of

One

(1) e

quity

shar

e of R

s. 2/

- eac

h full

y paid

up fo

r eve

ry ex

isting

One

(1) e

quity

shar

e. Re

classi

ficat

ion of

auth

orise

d sha

re ca

pital

from

pr

efere

nce s

hare

capit

al to

equit

y sha

re ca

pital.

N/A

Absta

in

18-F

eb-1

1EG

MMA

X IND

IASp

ecial

reso

lution

for m

aking

inve

stmen

t upt

o an a

mou

nt of

Rs. 7

50 cr

ores

in M

ax H

ealth

care

Insti

tute

Lim

ited a

nd Al

tera

tion o

f AOA

.N/

AAb

stain

4-M

ar-1

1EG

MID

EA CE

LLUL

AR LT

DAp

prov

e alte

ratio

n of A

rticle

s of A

ssocia

tion f

or in

creas

ing th

e max

imum

num

ber o

f Dire

ctors.

N/A

Absta

in9-

Mar

-11

EGM

JAIN

IRRI

GATIO

N SY

STEM

Conv

ersio

n,Ra

ising

fund

s thr

ough

Deb

t Ins

tr.,Q

ualifi

ed In

stitu

tions

Plac

emen

ts,Iss

ue of

Equit

y Sha

res,I

ssue o

f War

rant

sN/

AAb

stain

21-M

ar-1

1EG

MDE

NA BA

NKCo

nside

r allo

tmen

t of e

quity

shar

es on

prefe

rent

ial ba

sis to

Gov

ernm

ent o

f India

N/A

Absta

in24

-Mar

-11

EGM

SIEM

ENS L

TDFo

r issu

ing an

d allo

tting

shar

es to

the m

embe

rs of

Siem

ens H

ealth

care

Diag

nosti

cs Ltd

., Bar

oda (

SHDL

) upo

n am

algam

ation

of SH

DL w

ith th

e Com

pany

N/A

Absta

in25

-Mar

-11

EGM

MCD

OWEL

L HOL

DING

S LT

DTo

issu

e and

allot

upto

18,00

,000 (

eight

een l

akhs

) 10%

Opt

ionall

y Con

verti

ble D

eben

ture

s of R

s. 10

0 eac

h to K

ingfis

her F

inves

t Ind

ia Lim

ited (

Prom

oter

Com

pany

),N/

AAb

stain

28-M

ar-1

1EG

MPU

NJAB

NAT

IONA

L BAN

KSc

hem

e of A

rrang

emen

tN/

AAb

stain

29-M

ar-1

1EG

MBA

NK O

F BAR

ODA

Issua

nce o

f Equ

ity Sh

ares

on a

prefe

rent

ial ba

sis to

Gov

t. of

India

N/A

Absta

in11

-Mar

-10

Posta

l Ball

otMA

HIND

RA AN

D MA

HIND

RASu

b-div

ision

of Eq

uity s

hare

s,Alte

ratio

n of M

OA &

AOA

N/A

Absta

in

15-M

ar-1

0Po

stal B

allot

LANC

O IN

FRAT

ECH

LTD

To Se

ll, Tra

nsfer

and/

or di

spos

e of w

hole

or su

bsta

ntial

ly wh

ole of

the I

nves

tmen

ts (E

quity

and/

or Pr

efere

nce S

hare

s) he

ld by

the C

ompa

ny on

the d

ate o

f sale

in Su

bsidi

aries

, As

socia

tes a

nd ot

her G

roup

Com

panie

s in t

he Po

wer S

egm

ent,

as go

ing co

ncer

ns at

Cost

for C

ash C

onsid

erat

ion in

tran

ches

to an

y Who

lly O

wned

Subs

idiar

y of t

he Co

mpa

ny

in th

e Pow

er Se

gmen

t

N/A

Absta

in

8-Ap

r-10

Posta

l Ball

otKA

LPAT

ARU

POW

ER

TRAN

MISS

ION

LTD

Alte

ratio

n of M

emor

andu

m of

Asso

ciatio

n and

Artic

le of

Asso

ciatio

n, Is

sue o

f sec

uriti

es by

way

of Q

ualifi

ed In

stitu

tiona

l Plac

emen

ts (Q

IP)N/

AAb

stain

3-M

ay-1

0Po

stal B

allot

HEID

ELBE

RG CE

MEN

T IN

DIA L

IMITE

DAu

thor

ising

the B

oard

to Bo

rrow

Fund

s upt

o Rs.

1200

cror

e and

to Cr

eate

a Ch

arge

or M

ortg

age o

n the

Com

pany

's pr

oper

ties f

or se

curin

g the

amou

nt bo

rrowe

d fro

m th

e Ba

nks a

nd Fi

nanc

ial In

stitu

tions

.Shift

ing of

Regis

tere

d Offi

ce fr

om Am

mas

andr

a (Ka

rnat

aka)

to G

urga

on (H

arya

na).

N/A

Absta

in

Date

of

Mee

ting

Type

of

Mee

ting

Com

pany

Nam

ePr

opos

alM

anag

emen

t Re

com

men

datio

nVo

te

10-M

ay-1

0Po

stal B

allot

POW

ER G

RID

CORP

OF

INDI

A LTD

Incre

ase i

n bor

rowi

ng lim

itsN/

AAb

stain

26-M

ay-1

0Po

stal B

allot

JYOT

I STR

UCTU

RE LT

DGr

antin

g the

Boar

d Bor

rowi

ng po

wers

and p

ower

s of C

reat

ion of

Secu

rity.

N/A

Absta

in

28-M

ay-1

0Po

stal B

allot

RALL

IS IN

DIA L

TDTo

appr

ove i

ssue o

f Bon

us Sh

ares

N/A

Absta

in2-

Jun-

10Po

stal B

allot

WIP

RO LT

DTo

appr

ove i

ssue o

f Bon

us Sh

ares

, incre

ase i

n Aut

horis

ed Ca

pital,

Alte

ratio

n in A

rticle

s of A

ssocia

tion a

nd M

emor

andu

m of

Asso

ciatio

nN/

AAb

stain

7-Ju

n-10

Posta

l Ball

otTA

TA TE

AFo

r cha

nge i

n the

nam

e of t

he Co

mpa

ny fr

om 'T

ata T

ea Lt

d' to

'Tat

a Glob

al Be

vera

ges L

td', f

or Su

b-div

ision

of Eq

uity S

hare

s, Al

tera

tion o

f MOA

and A

OAN/

AAb

stain

9-Ju

n-10

Posta

l Ball

otRE

LIANC

E POW

ER LT

DTo

issu

e sec

uriti

es by

way

of AD

R/GD

R/QI

P/Sh

ares

/Con

verti

ble D

eben

ture

s to v

ariou

s inv

esto

rs N/

AAb

stain

17-Ju

l-10

Posta

l Ball

otSH

IPPI

NG CO

RP. O

F IND

IAIn

creas

e the

Auth

orise

d Sha

re Ca

pital

of th

e Com

pany

N/

AAb

stain

6-Au

g-10

Posta

l Ball

otIN

FRAS

TRUC

TURE

DE

VELO

PMEN

T FIN

ANCE

CO

LTD-

To is

suea

nd al

lot co

mpu

lsoril

y con

verti

ble Pr

efere

nce S

hare

sN/

AAb

stain

6-Au

g-10

Posta

l Ball

otTA

TA M

OTOR

SIss

ue or

dinar

y sha

res i

n exe

rcise

of co

nver

sion o

ption

by ho

lder o

f Zer

o Cou

pon C

onve

rtible

Secu

rities

, incre

ase i

n bor

rowi

ng lim

it an

d cre

ation

of ch

arge

N/A

Absta

in16

-Aug

-10

Posta

l Ball

otM

PHAS

IS LT

DAl

tera

tion i

n Arti

cle of

Asso

ciatio

n, Bu

y Bac

k of S

hare

s, ES

OPN/

AAb

stain

16-A

ug-1

0Po

stal B

allot

ORBI

T COR

PORA

TION

LTD

To in

creas

e bor

rowi

ng po

wer, c

reat

ion of

char

ge/m

ortg

age o

n the

asse

ts, to

mak

e loa

n or g

ive gu

aran

tee t

o rais

e fun

dsN/

AAb

stain

19-A

ug-1

0Po

stal B

allot

BHUS

HAN

STEE

L LTD

Alte

ratio

n in M

emor

andu

m of

Asso

ciatio

n, su

bdivi

sion o

f equ

ity sh

are c

apita

lN/

AAb

stain

21-A

ug-1

0Po

stal B

allot

DISH

TV IN

DIA L

TDAm

endm

ents

in Ar

ticles

of A

ssoc.,

Amen

dmen

ts in

Mem

oran

dum

of A

ssoc.

N/A

Absta

in27

-Aug

-10

Posta

l Ball

otTV

S MOT

ORS

Incre

ase i

n Aut

horis

ed Sh

are C

apita

l by i

ssue o

f Equ

ity Sh

ares

N/A

Absta

in28

-Aug

-10

Posta

l Ball

otBA

JAJ A

UTO

LTD

Incre

ase i

n Aut

horiz

ed Sh

are C

apita

l, Issu

e of B

onus

Shar

es, A

men

dmen

t of A

OA an

d inc

reas

e in l

imit

of in

ter-c

orpo

rate

loan

s & in

vestm

ents

N/A

Absta

in28

-Oct-

10Po

stal B

allot

INDI

AN O

IL CO

RPOR

ATIO

NIn

creas

e in A

utho

rised

Shar

e Cap

ital o

f the

Com

pany

N/A

Absta

in

31-O

ct-10

Posta

l Ball

otCA

IRN

INDI

A LTD

Auth

orisa

tion f

or is

suan

ce of

ESOP

sN/

AAb

stain

8-No

v-10

Posta

l Ball

otSU

N PH

ARMA

Alte

ratio

n in A

rticle

of A

ssocia

tion a

nd su

bdivi

sion o

f Sha

res

N/A

Absta

in15

-Nov

-10

Posta

l Ball

otSU

ZLON

ENER

GY LI

MITE

DIn

creas

e in b

orro

wing

limit,

incre

ase i

n Aut

horis

ed Ca

pital,

crea

tion o

f cha

rge /

mor

tgag

e on t

he as

sets

of th

e Com

pany

N/A

Absta

in23

-Nov

-10

Posta

l Ball

otUN

ICHEM

LAB

For t

he ap

prov

al of

inse

rtion

of N

ew O

bject

Claus

e in t

he M

emor

andu

m of

Asso

ciatio

n and

com

men

cing b

usine

ss em

bodie

d in t

he ne

wly i

nser

ted s

ub-c

lause

66 of

Obje

ct Cla

use I

II, as

and w

hen d

eem

ed fit

by th

e Boa

rd of

Dire

ctors.

N/A

Absta

in

26-N

ov-1

0Po

stal B

allot

TULIP

TELE

COM

LTD

Subd

ivisio

n of e

quity

shar

es, R

emun

erat

ion to

Dire

ctors

and I

ssuan

ce of

ESOP

sN/

AAb

stain

4-De

c-10

Posta

l Ball

otJS

W ST

EEL L

TD (X

- JIN

DAL V

IJAYN

AGAR

ST

EEL

Cons

ider a

llotm

ent o

f equ

ity sh

ares

& Is

suan

ce of

Equit

y Sha

res

Lowe

r lev

erag

e will

redu

ce ris

k in t

he

perfo

rman

ce of

the

com

pany

.

For

6-De

c-10

Posta

l Ball

otPI

RAMA

L HEA

LTHC

ARE

LTD

Buy-

Back

of eq

uity s

hare

s and

For c

ontri

butin

g to c

harit

able

and o

ther

fund

sBu

ybac

k is b

enefe

cial

for S

hare

holde

rs.Fo

r

10-D

ec-1

0Po

stal B

allot

GVK P

OWER

&

INFR

ASTR

UCTU

RE LT

DTra

nsfer

of in

vestm

ents

to su

bsidi

ary c

ompa

ny, in

vestm

ents

mad

e in n

ew pr

ojects

/bidd

ingN/

AAb

stain

10-D

ec-1

0Po

stal B

allot

LIC H

OUSIN

G FIN

ANCE

Alte

ratio

n in A

ricles

and M

emor

andu

m of

Asso

ciatio

n, su

bdivi

sion o

f sha

res

N/A

Absta

in

11-D

ec-1

0Po

stal B

allot

GUJA

RAT N

RE CO

KEGu

jarat

NRE

Coke

Ltd h

as in

form

ed BS

E tha

t the

mem

bers

of th

e Com

pany

will

cons

ider t

o app

rove

the r

esolu

tions

, by w

ay of

Posta

l Ball

ot.

N/A

Absta

in13

-Dec

-10

Posta

l Ball

otIN

DIAN

HOT

ELS

Raisi

ng of

addit

ional

long t

erm

fund

s.N/

AAb

stain

18-D

ec-1

0Po

stal B

allot

KEC I

NTER

NATIO

NAL L

TDRe

-app

ointm

ent o

f MD,

To Sp

lit /

Subd

ivide

equ

ity sh

ares

,Alte

ratio

n of M

OA &

AOA

N/A

Absta

in20

-Dec

-10

Posta

l Ball

otSU

NDAR

AM FI

NANC

EAp

point

men

t of H

arsh

a Viji

as D

irecto

r and

auth

ority

to m

ake l

oans

to bo

dy co

rpor

ates

N/A

Absta

in20

-Dec

-10

Posta

l Ball

otTE

CH M

AHIN

DRA L

TDTo

gran

t opt

ions t

o elig

ible e

mplo

yees

or D

irecto

rs of

the c

ompa

nyN/

AAb

stain

21-D

ec-1

0Po

stal B

allot

FEDE

RAL B

ANK

To gr

ant o

ption

s and

issu

e of e

quity

shar

es to

emplo

yees

inclu

ding D

irecto

rs N/

AAb

stain

21-D

ec-1

0Po

stal B

allot

GTL I

NFRA

STRU

CTUR

E LT

DTo

issu

e ADR

s,GDR

s,ECB

s mak

e plac

emen

t of s

ecur

ities

with

vario

us in

vesto

rsN/

AAb

stain

21-D

ec-1

0Po

stal B

allot

LUPI

N LT

DRe

-app

ointm

ent o

f Mrs

M.D

. Gup

ta as

Dire

ctor, t

o app

rove

paym

ent o

f com

miss

ion to

Non

Exec

utive

Dire

ctor

N/A

Absta

in22

-Dec

-10

Posta

l Ball

otTA

TA ST

EEL L

IMITE

D.In

creas

e in A

utho

rised

capit

al, al

tera

tion i

n arti

cle of

asso

ciatio

n,to

mak

e issu

e thr

ough

priva

te pl

acem

ent

N/A

Absta

in27

-Dec

-10

Posta

l Ball

otJS

W EN

ERGY

LTD

Utilis

ation

of IP

O Pr

ocee

ds, Is

sue o

f Sec

uriti

es un

der E

SOP 2

010,E

xten

sion o

f the

bene

fits o

f ESO

P to t

he em

ploye

es of

the S

ubsid

iary C

ompa

ny(ie

s).N/

AAb

stain

Date

of

Mee

ting

Type

of

Mee

ting

Com

pany

Nam

ePr

opos

alM

anag

emen

t Re

com

men

datio

nVo

te

28-D

ec-1

0Po

stal B

allot

DECC

AN CH

RONI

CLE

HOLD

Decc

an Ch

ronic

le Ho

lding

s Ltd

has i

nfor

med

BSE t

hat t

he m

embe

rs of

the C

ompa

ny w

ill co

nside

r to a

ppro

ve th

e spe

cial re

solut

ion, b

y way

of Po

stal B

allot

.N/

AAb

stain

28-D

ec-1

0Po

stal B

allot

INDI

ABUL

LS RE

AL ES

TATE

LT

DTo

gran

t ins

titut

ion of

ESOP

N/A

Absta

in

3-Ja

n-11

Posta

l Ball

otAP

POLO

TYRE

SAu

thor

izatio

n for

borro

wing

s and

Crea

tion o

f Sec

urity

N/

AAb

stain

3-Ja

n-11

Posta

l Ball

otMA

HIND

RA &

MAH

INDR

A FIN

ANCIA

L SER

VICE

S LTD

Auth

orisa

tion f

or cr

eatio

n, is

suan

ce an

d allo

tmen

t of e

quity

shar

es /

secu

rities

Addit

ional

Fund

raise

d to

pursu

e gro

wth

oppo

rtunit

ies.

For

12-Ja

n-11

Posta

l Ball

otGO

DREJ

INDU

STRI

ESAm

endm

ents

/ mod

ifica

tions

in th

e God

rej In

dustr

ies Li

mite

d Em

ploye

e Sto

ck O

ption

Plan

- I

, Aut

horit

y to t

he Bo

ard f

or th

e im

plem

enta

tion o

f the

Emplo

yee S

tock

Gra

nt

Sche

me 2

011,

to ap

prov

e inc

reas

e in r

emun

erat

ion of

dire

ctors

N/A

Absta

in

17-Ja

n-11

Posta

l Ball

otHC

L TEC

HNOL

OGIES

LTD

Appo

intm

ent o

f Mr. V

ineet

Nay

ar as

a W

hole

time D

irecto

r No

rmal

cour

se of

bu

sines

sFo

r

17-Ja

n-11

Posta

l Ball

otNA

GARJ

UNA

CONS

TRUC

TION

CO. L

TD.

Alte

ratio

n in A

rticle

s and

Mem

oran

dum

of A

ssocia

tion

Chan

ge of

nam

e pr

opos

ed. N

o effe

ct on

bu

sines

s

For

17-Ja

n-11

Posta

l Ball

otTE

LEVI

SION

EIGHT

EEN

INDI

A LTD

To ap

prov

e Sch

eme o

f Arra

ngem

ent o

f Net

work

18 M

edia

& In

vestm

ents

Limite

d, IB

N Br

oadc

ast L

imite

d, W

eb18

Softw

are S

ervic

es Li

mite

d, IB

N18 M

edia

& So

ftwar

e Ser

vices

Lim

ited,

iNew

s.com

Lim

ited,

Care

Web

sites

Priva

te Li

mite

d, Te

levisi

on Ei

ghte

en Co

mm

oditi

esc

N/A

Absta

in

20-Ja

n-11

Posta

l Ball

otSP

ICEJE

T LTD

Amen

dmen

ts to

the A

rticle

s of A

ssocia

tion o

f the

com

pany

and S

hiftin

g of t

he re

giste

red o

ffice

of th

e com

pany

from

new

delh

i to ch

enna

i, in t

he st

ate o

f Tam

il Nad

u .No

rmal

cour

se of

bu

sines

sFo

r

24-Ja

n-11

Posta

l Ball

otOI

L & N

ATUR

AL G

AS

CORP

.Su

b-div

ision

of Eq

uity s

hare

s,Alte

ratio

n of M

OA,A

ltera

tion o

f AOA

,Ord

inary

Reso

lution

for is

suan

ce of

Bonu

s sha

res b

y cap

italiz

ation

of th

e res

erve

s.Su

bdivi

sion o

f sh

ares

. Ben

eficia

l to

shar

ehold

ers

For

28-Ja

n-11

Posta

l Ball

otNI

TESH

ESTA

TE PR

IVATE

LT

D (1

) To m

ake i

nves

tmen

ts, pr

ovide

loan

s and

/ or

guar

ante

e to N

itesh

Prop

erty

Man

agem

ent P

rivat

e Lim

ited.

Norm

al co

urse

of

busin

ess

For

31-Ja

n-11

Posta

l Ball

otMA

X IND

IASp

ecial

reso

lution

for m

aking

inve

stmen

t upt

o an a

mou

nt of

Rs. 7

50 cr

ores

in M

ax H

ealth

care

Insti

tute

Lim

ited a

nd Al

tera

tion o

f AOA

.N/

AAb

stain

16-F

eb-1

1Po

stal B

allot

JAIP

RAKA

SH AS

SOCIA

TES

LTD

Jaipr

akas

h Asso

ciate

s Ltd

has i

nfor

med

BSE t

hat t

he m

embe

rs of

the C

ompa

ny w

ill co

nside

r to a

ppro

ve th

e res

olutio

ns, b

y way

of Po

stal B

allot

.N/

AAb

stain

25-F

eb-1

1Po

stal B

allot

PATN

I COM

PUTE

RS

SYST

EMS L

TDTo

isuu

e and

alot

equit

y sha

res f

or ES

OPN/

AAb

stain

9-M

ar-1

1Po

stal B

allot

IVRC

L INF

RAST

RUCT

URE

& PR

OJEC

TS LT

DCh

ange

in N

ame o

f the

Com

pany

,Rais

ing Fu

nds

Chan

ge of

nam

e, no

im

pact

on bu

sines

s. In

creas

e in b

orro

wing

po

wers

is no

rmal

cour

se of

busin

ess f

or a

grow

ing in

frastr

uctu

re

com

pany

For

14-M

ar-1

1Po

stal B

allot

BAJA

J ELE

CTRI

CALS

1. fo

r the

re-a

ppoin

tmen

t of S

hri A

nant

Bajaj

, as t

he Ex

ecut

ive D

irecto

r of t

he Co

mpa

nyNo

rmal

cour

se of

bu

sines

sFo

r

14-M

ar-1

1Po

stal B

allot

JAIN

IRRI

GATIO

N SY

STEM

Re-c

lassifi

catio

n of s

hare

s, iss

ue of

Bonu

s sha

res,

trans

fer of

unde

rtakin

g int

o sub

sidiar

y com

pany

, alte

ratio

n of M

emor

andu

m of

Asso

ciatio

nN/

AAb

stain

15-M

ar-1

1Po

stal B

allot

GREE

NPLY

INDU

STRI

ES

LTD

Disp

osal

of w

indm

ill un

it of

the c

ompa

ny si

tuat

ed at

Seila

nallu

r , Ti

rune

lveli T

amiln

adu

Norm

al co

urse

of

busin

ess

For

19-M

ar-1

1Po

stal B

allot

HIND

UJA V

ENTU

RE

LIMITE

DIss

ue of

War

rant

sRa

ising

Capit

al to

pu

rsue g

rowt

h.Fo

r

If Undelivered Please Return to

JM Financial Asset Management Private Limited502, 5th Floor, A Wing, Laxmi Towers, Bandra Kurla Complex, Mumbai - 400051.

Tel. No.: 022-3987 7777 | Fax Nos.: 022- 2652 8388 | E-mail: investor @jmfinancial.in | Website: www.jmfinancialmf.com

Documents

ANNUAL REPORT 2010-2011 - JM Financial · Annual Report 2010-2011 Dear Investor, The Board of Trustees of JM Financial Mutual Fund is pleased to present the Annual Report of JM Financial