L&T Mutual Fund - Opportunities Fund

Slide 1:

L&T Opportunities Fund (An Open Ended Growth Scheme) 1 April 2011

Slide 2:

“Whatever the investment objectives, the investor who is wise diversifies.” Burton G. Malkiel – A Random Walk Down Wall Street 2

Slide 3:

In fast moving economy such as India active sector rotation may outperform passive investment strategy. Absolute Performance of every sector in given year shown . 2010 CD 67% Auto 37% Health Care 34 % 2006 C Goods 58% IT 48 % Metal 40 % 2007 FMCG 7% Oil 0% Power 8% 2008 FMCG -14 % Oil -53% Auto -55 % 2009 Metal 233 % Auto 204% IT 132% Top 3 sectors in last 5 years have not remained constant.. All sectors are BSE INDICES as given in BSE Source BSE Updated till 31-Dec-10’ 3 Top 3 Sectors Over the Years

Slide 4:

All data as on 31-March-2011; source BSE 4 Different Indices at different time Points Absolute Benchmark 3 Months 6 Months 1 Year 3 Years 5 Years BSE SENSEX -5.2 -3.1 10.9 24.3 72.4 BSE MIDCAP -11.9 -15.0 1.0 6.9 28.5 BSE SMALLCAP -15.5 -20.2 -3.8 4.3 24.0

Slide 5:

The fund invests across sectors and within sectors, where ever opportunities exists. 1 The fund chooses stocks based on their potential and is neutral to capitalization of stock 2 5 About L&T Opportunities Fund

Slide 6:

6 Features of L&T Opportunities Fund

Slide 7:

As on 31-March-2011 7 Top 10 Holdings

Slide 8:

Tata Steel Kesoram Industries Glenmark Pharma Bharti Airtel Power Grid Cash & Cash Equivalent Coal India Stocks Entered Indian Hotel Tata Motors - DVR Tata Power Company Ltd. Ultratech Cement Voltamp Transformers Wipro JK Tyres JSW Steel Maruti Suzuki Maruti Suzuki India Ltd. 8 Portfolio Details As on 31-March-2011 Stocks Exited

Slide 9:

Returns are calculated from Dec 11,2003 , when the scheme was repositioned. Past Performance may or may not be sustained in future. Returns are absolute for 1 year & compounded annualized for 1 year and above. 9 Fund Performance (As on 31 st March 2011)

Slide 10:

Past performance may or may not be sustained in future. Past performance is no guarantee of future results. Please refer to ranking methodology at the end of the presentation. Ratings by Value Research (31st March 2011) L&T OPPORTUNITIES FUND 10 Ratings by Independent Rating Agencies

Slide 11:

Legacy of L&T Mutual Fund 11 L&T Finance took over DBS Chola Mutual Fund in January 2010 The Fund got rechristened as L&T Mutual Fund on February 16, 2010 after completing all statutory processes The entire management team was retained The team includes a 12 member investment team and total staff strength of over 294 members (Feb 28,2011) The AMC is head quartered in Mumbai since 2000 The Fund House has a suite of Debt and Equity products for different investor requirements. Some funds have a track record built over last 14 years. (L&T Triple Ace Fund) Houses the first ever launched AAA rated debt fund – LTMF Triple Ace Fund and Multi Cap Equity Fund in the industry Legacy of L&T Mutual Fund

Legacy of L&T Mutual Fund:

Legacy of L&T Mutual Fund 12 Over 112 Man Years of Investment Management experience Has won many Awards and Ratings over the years for performance of schemes Led by Sanjay Sinha, CEO – one of the respected Fund Managers in the country Past Performance is no guarantee of future results. For Risk factors , scheme related information please refer page 35. For information purposes only & should not be construed as offer for purchase of schemes of L&T mutual fund. Contd..

Slide 13:

“Provide long term gains to investors through strong research based stock selection and active portfolio management ” 13 Investment Philosophy Investment Philosophy

Slide 14:

14 Investment Process Investment Process

Slide 15:

Research Flow 15 Research Flow

Slide 16:

Analysts propose action on a stock/sector Investment team evaluates the proposal based on risk return score for individual stock/sector for its inclusion/exclusion. Fund manager decides on stock weight age (overweight/underweight/neutral) in the portfolio Investment committee meets on fortnightly basis to review the sector/stock performance vis a vis the markets and decides on future course of action Decision Making Process 16 Decision Making Process

Slide 17:

Ahmedabad: 9898029991 , Agra: 9839075275 , Allahabad: 9918500388/0532-3010574 , Amritsar : 9855721024, Bengaluru : 080-42497000/32952142 , Baroda : 8128997153/0265-2491673 , Bhopal : 0755-2552452-53/ 9893654246 , Bhubaneshwar : 9937062565, Chandigarh : 0172 – 3068051 / 9878406940, Chennai : 044-66881190/ 98400 96828/ 9003072863, Cochin : 0484-6533130/ 9895168160, Coimbatore : 0422 4504047- 48 / 9994997599, Cuttack : 9937009935, Durgapur : 9932241935, Guwahati : 9401775040, Goa : 0832 2422720/ 9923285799, Gorakhpur : 8896041988, Gwalior : 9669966100, Hyderabad : 040 44545578/44545577/ 9849523638, Hubli : 0836-4264140/ 9886105569 Indore : 0731 4286032 / 9826012555, Jaipur : 0141- 4043108/ 4043101/ 9950852103, Jalandhar : 9872838208, Jamshedpur : 9334289963, Jamnagar: 8905996999 , Jammu: 9419845915, Jodhpur : 9829309649 Kanpur : 9695051155, Kolhapur : 0231 6614834-5/ 8805020060, Kolkata: 033-40182224/40182222/ 9831500225, Lucknow : 0522 4003245 / 3052460/ 09838119887, Ludhiana : 0161 5029019 / 9855095135, Madurai : 9865966013/0452-4514005, Mangalore: 0824-2443609/ 9663027893, Mumbai (Head Office) : 022- 61366600/ 61366601, Mumbai (Fort) : 022-61155555, Mumbai (Deonar) : 022-61130908/ 61130910 Mysore : 9886639557/0821-2331833, Nagpur : 0712 6621511 / 9372695617, Nashik : 0253 6611791/ 6619211/ 9960025000, New Delhi : 011 49533301-02, Patna : 9708038447 Pune : 020-32912911/ 25510468, Rajkot : 0281-2480131/9825219955, Raipur : 0771 4224107 / 9926808555, Ranchi : 08986724054, Rourkela : 9437648485, Siliguri : 0353 2545474/ 9800202292, Surat : 9924712128, Trichy: 9944055025, Trivandrum: 9605601122, Varanasi : 9839165055, Vijaywada : 9676785656, Vishakhapatnam: 0891- 6620401/ 9676970777 17 Branches

Slide 18:

SMS LNTMF to 567678 Toll Free No 1800 209 6565 Website www.LNTMF.com 18 Contact Us

Slide 19:

Nature and Investment objective: L&T Opportunities Fund: The Scheme will invest mainly to generate long term capital appreciation from a diversified portfolio of equity and equity related securities. The fund will invest in a universe of stocks, which will be identified using fundamental analysis. The fund will invest in a portfolio of both value and growth stocks. The strategy will be to build up diversified portfolio of quality stocks, with medium to long term potential . Load Structure: Entry Load – Nil. Exit Load - 1% if redeemed ≤ 1 year; Nil - if redeemed > 1 year. Disclaimer: This document have been prepared by L&T Investment Management Limited (L&T IML) for information purposes only and should not be construed as an offer or solicitation of an offer for purchase of any securities or any of the funds of L&T Investment Management Ltd. The document is for general information only and does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. Investments in mutual funds and secondary markets inherently involve risks and recipient should consult their legal, tax and financial advisors before investing. Recipient of this document should understand that statements made herein regarding future prospects may not be realized. He/ She should also understand that any reference to the securities/ sectors in the document is only for illustration purpose. The views expressed in the document are personal views of the author and do not necessarily reflect the views of L&T Investment Management Ltd or any of its associates. Neither this document nor the units of L&T Mutual Fund have been registered in any jurisdiction. The distribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly, persons who come into possession of this document are required to inform themselves about, and to observe, any such restrictions. Risk Factors: All investments in mutual funds and securities are subject to market risks and the NAV of the Schemes of the Fund may go up or down depending upon the factors and forces affecting the securities market. Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including the possible loss of principal. Past performance of the Sponsor/AMC/Mutual Fund does not guarantee future performance of the Schemes. The Sponsor is not responsible or liable for any loss resulting from the operation of the Schemes beyond the initial contribution of Rs. 1 lakh made by it towards setting up the Fund. The names of the Schemes/Plans/Mutual Fund do not in any manner indicate either the quality of the Schemes or its future prospects and returns; and are only the names of the Schemes/Plans. There can be no assurance that the objectives of the Schemes/Plans/Mutual Fund will be achieved. Schemes specific risk factors: Investment in the Schemes shall be subject to various risks including but not limited to risk associated with: Investment in Equity and Equity related Instruments & Fixed Income Securities such as Performance Risk, Credit Risk, Reinvestment Risk, Interest Rate Risk, Investment in Derivatives, Securitised Debt, etc. Please read the Scheme Information Document and Statement of Additional Information carefully before investing. Statutory Details: L&T Mutual Fund has been established as a trust under the Indian Trust Act, 1882 by L&T Finance Limited, Sponsor/ Settlor (liability restricted to the seed corpus of Rs. 1 lakh ) with L&T Mutual Fund Trustee Limited as the Trustee Company and L&T Investment Management Limited as the Investment Manager. Funds which are benchmarked to S&P CNX Nifty are not sponsored, endorsed, sold or promoted by India Index Services and Products Ltd. (IISL). IISL is not responsible for any errors or omissions or the results obtained from the use of such index and in no event shall IISL have any liability to any party for any damages of whatsoever nature (including lost profits) resulted to such party due to purchase or sale or otherwise of such products benchmarked to such index. 19 Disclaimers

Slide 20:

Value Research Fund Ratings are a composite measure of historical risk-adjusted returns. In the case of equity and hybrid funds this rating is based on the weighted average monthly returns for the last 3 and 5-year periods. These ratings do not take into consideration any entry or exit load. 5-stars indicate that a fund is in the top 10% of its category in terms of historical risk-adjusted returns. 4 star indicates that a fund is in the next 22.5%.These Fund Ratings are as on 31 March 2011. The Value Research Ratings are published in Monthly Mutual Fund Performance Report and Mutual Fund Insight. The Ratings are subject to change every month. The Rating is based on primary data provided by respective funds, Value Research does not guarantee the accuracy. Value Research Fund Returns & Ranking: The return computations assume reinvestment of dividend and are adjusted for any bonus or rights. All trailing returns for over one-year period are annualised , while returns for less than one-year are percentage change. Funds are ranked on the basis of their return position in the respective Value Research Fund Category. Number of funds indicates the total number of funds ranked in respective fund category and the time period . L&T Finance Holdings Limited (indirect Holding Company of L&T Investment Management Limited) is proposing, subject to market conditions and other considerations, to make a public issue of securities and has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The DRHP is available on the website of SEBI at www.sebi.gov.in and the respective websites of the Book Running Lead Managers at www.jmfinancial.in , http://www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm , http://www.hsbc.co.in/1/2/corporate/equities-global-investment-banking , http://www.barclayswealth.com/india-offerdocuments.htm , http://www.credit-suisse.com/in/ipo/ and www.equirus.com . Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see ‘Risk Factors’ in the aforementioned DRHP. 20 Ranking Methodology

Thank you:

Thank you 21