LIC Mutual Fund

Half Yearly Financial Results for the Period Ended 30/09/2002

Sr. No Particulars                                                                Dhana-
raksha 89
Dhana-
sahyog
Dhana-
vidya
LICMF Equity Plan Dhan 88 (1) Dhana-
samriddhi
Dhan
Tax Saver 95
Dhan
Tax Saver 96
LICMF Tax Plan Dhana-
varsha 12
LICMF Bond
Fund
LICMF Govt Sec Fund LICMF Children Fund LICMF Liquid Fund
1.1 Unit Capital at the Beginning ot the Half-Year Period ( Rs.In Crores) 66.11 13.35 3.65 48.19 11.88 19.64 3.83 2.22 1.65 79.87 970.37 76.92 8.07 7.23
1.2 Unit Capital at the End of the Period ( Rs.In Crores) 66.80 12.43 3.64 49.46 11.48 19.50 3.65 2.09 1.48 69.04 1,093.83 79.71 10.62 29.68
2 Reserves and Surplus ( Rs.In Crores) 4.99 1.09 - - - - - 0.59 - 21.69 482.67 19.55 0.82 1.09
3.1 Total Net Assets at the Beginning of the Half-Year Period ( Rs.In Crores) 72.53 10.97 2.54 29.47 6.48 4.18 1.85 3.20 1.21 99.40 1,281.30 89.71 8.40 7.26
3.2 Total Net Assets at the End of the Period ( Rs.In Crores) 69.11 10.30 1.85 27.27 5.23 4.02 1.52 2.68 0.98 92.23 1,637.86 100.31 11.73 30.79
4.1 NAV at the Beginning of the Half-Year Period ( Rs.) 10.9720 7.5709 (Plan A) 6.9593 6.1167 5.4545 2.1287 4.8225 14.4445 7.3295 10.1162 (Monthly) 10.6478 - Dividend 10.8874 - Dividend 10.4122 10.0225 - Dividend
      7.5709 (Plan B)               10.6301 ( Yearly) 14.7827 - Grwoth 14.1305 - Growth   10.0451- Growth
      16.6374 (Plan C)               15.0662 (Cumulative)        
4.2 NAV at the End of the Period ( Rs.) 10.3460 7.6173 (Plan A) 5.0843 5.5143 4.5558 2.0605 4.1728 12.8560 6.6478 10.6838 (Monthly) 11.0607 - Dividend 11.0859 -Dividend 11.0434 10.222 -Dividend
      7.6173 (Plan B)               10.9325 (Yearly) 15.7888 - Growth 14.7922 - Growth   10.379 - Dividend
      16.7394 (Plan C)               16.1705 (Cumulative)        
4.3 Dividend paid per Unit During the Half-Year ( Rs.) 0.75 - - - - - - - - 0.36 (Monthly) 0.30 0.30 - 0.12
                      0.74 (Yearly)        
  Income                            
5.1 Dividend (Rs. In Crores) 0.30 0.06 - 0.52 0.11 0.08 0.02 0.05 0.02 0.05 - - - -
5.2 Interest (Rs. In Crores) 2.96 0.39 0.08 0.03 0.01 0.01 0.01 0.02 0.01 4.98 65.61 3.84 0.53 0.80
5.3 Profit / (Loss) on Sale / Redemption of Investments                            
  (Other than Inter Scheme Transfer / Sale) (Rs. In Crores) (0.56) (1.07) - (1.96) (0.08) 0.23 - 0.03 0.04 (0.31) 4.27 2.02 (0.02) -
5.4 Profit / (Loss) on Inter-Scheme Transfer / Sale of Investment (Rs. In Crores) (1.10) - - - - - - - (0.05) 2.34 0.13 0.02 - 0.11
5.5 Other Income (Indicating nature) (Rs. In Crores) - - - - - - - - - 0.14 0.01 - - -
5.6 Total Income (5.1 to 5.5) (Rs. In Crores) 1.60 (0.62) 0.08 (1.41) 0.04 0.32 0.03 0.10 0.02 7.20 70.02 5.88 0.51 0.91

LIC Mutual Fund

Half Yearly Financial Results for the Period Ended 30/09/2002

Sr. No Particulars Dhana-
raksha 89
Dhana-
sahyog
Dhana-
vidya
LICMF Equity Plan Dhan 88 (1) Dhana-
samriddhi
Dhan
Tax Saver 95
Dhan
Tax Saver 96
LICMF Tax Plan Dhana-
varsha 12
LICMF Bond
Fund
LICMF Govt Sec Fund LICMF Children Fund LICMF Liquid Fund
  Expenses                            
6.1 Management Fees (Rs. In Crores) 0.44 0.07 - 0.18 0.04 0.03 0.01 0.02 0.01 0.58 5.30 0.22 0.06 0.04
6.2 Trusteeship Fees (Rs. In Crores) - - - - - - - - - - 0.07 - - -
6.3 Total Recurring Expenses (Including 6.1 and 6.2) (Rs. In Crores) 0.58 0.08 - 0.31 0.05 0.04 0.01 0.02 0.01 0.90 9.89 0.31 0.13 0.07
6.4 Percentage of Management Fees to Daily / Weekly Average Net Assets (%) 0.62 0.62 - 0.62 0.62 0.62 0.62 0.62 0.62 0.62 0.37 0.25 0.62 0.25
6.5 Total Recurring Expenses as a Percentage of Daily / Weekly Average Net Assets (%) 0.82 0.77 - 1.06 0.84 0.93 0.60 0.68 0.85 0.97 0.69 0.33 1.30 0.41
7.1 Returns during the Half-Year * (%) 0.45 0.18 (27.01) (11.56) (16.33) (5.50) (13.49) (10.94) (10.50) 7.30 6.40 3.79 5.85 3.28
7.2 Compunded Annualised Yield in case of Schemes in existence for more than                            
  Last 1 year (%) 5.13 11.67 (24.85) 19.01 3.40 19.08 2.46 9.54 2.47 11.13 15.42 19.27 N.A N.A
  Last 3 years (%) (0.15) (10.68) (33.29) (19.97) (8.38) (23.88) (24.81) 1.03 (23.87) 10.60 14.37 N.A N.A N.A
  Last 5 years (%) 0.37 (4.73) (16.40) (7.64) (1.79) (13.96) (16.02) 4.81 (7.61) N.A N.A N.A N.A N.A
  Since launch of the Scheme (%) 0.76 4.48 (6.15) (9.59) (7.93) (23.16) (11.00) 3.94 (7.15) 19.14 14.38 14.78 10.90 7.01
  Date of launch of the scheme 18/06/1985 31/12/1986 10/11/1987 24/02/1989 31/03/1989 25/08/1990 31/03/1991 31/03/1992 31/03/1993 31/05/1994 25/03/1995 14/11/1995 25/09/1997 10/03/1998
                               
7.3 Performance of Benchmark Indices                            
  (I) BSE (Sensitive) Index                            
  Last 6 months (%)       (14.54) (14.54) (14.54) (14.54) (14.54) (14.54)          
  Last 1 year (%)       7.01 7.01 7.01 7.01 7.01 7.01          
  Last 3 years (%)       (14.37) (14.37) (14.37) (14.37) (14.37) (14.37)          
  Last 5 years (%)       (5.18) (5.18) (5.18) (5.18) (5.18) (5.18)          
  Since launch of the Scheme (%)       (7.28) 2.90 (14.36) (1.14) (1.80) (2.44)          
                               
  (ii) BSE - 100 (NATEX)                            
  Last 6 months (%)       (15.17) (15.17) (15.17) (15.17) (15.17) (15.17)          
  Last 1 year (%)       13.12 13.12 13.12 13.12 13.12 13.12          
  Last 3 years (%)       (12.68) (12.68) (12.68) (12.68) (12.68) (12.68)          
  Last 5 years (%)       (2.73) (2.73) (2.73) (2.73) (2.73) (2.73)          
  Since launch of the Scheme (%)       (4.90) 3.80 (11.57) (1.13) (0.94) (10.12)          
                               
  (iii) Benchmark index for debt-oriented schemes Crisil Balance Crisil Balance Crisil Balance             Crisil MIP Crisil Composite Bond I-Sec Composite Gilt Crisil Composite Bond Crisil Liquid
  Last 6 months (%) (6.83) (6.83) (6.83)             3.95 7.71 4.96 7.71 3.48
8 Provision for Doubtful Income / Debts - (Rs. In Crores) 0.34 - - - - - - - - 0.50 - - - -
9 Payments to Associate Companies (Custodian Fees to SHCIL) (Rs. In Crores) 0.02 - - 0.01 - - - - - 0.01 0.07 - - -
10 Investments made in Associate / Group Companies (Rs. In Crores) - - - - - - - - - - - - - -
11 Deferred Revenue Expenditure written off (Rs. In Crores) - - - - 0.03 - 0.01 0.01 - 0.15 - - 0.01 -
                               
Effect of changes in Accounting policies during the half year ended 30th September,2002 is NIL
* Considering movement of NAV during the half year and after adjustment of dividend, bonus etc.
For Jeevan Bima Sahayog Asset Management Co. Ltd.,
Investment Managers to LIC MUTUAL FUND
M.R.MURALI
Chief Executive