Pramerica Mutual Fund

Pramerica Mutual Fund has been constituted as a trust under Indian Trusts Act, 1882, with Prudential Financial, Inc. (PFI) as the sponsor and Pramerica Trustees Private Limited as the trustee. The Trust Deed has been registered under the Indian Registration Act, 1908. Pramerica Mutual Fund has been registered with Securities and Exchange Board of India (SEBI) on May 13, 2010 under Registration Code MF/065/10/02.

PFI, a company incorporated and with its principal place of business in the United States of America (U.S.A.) is the sponsor of Pramerica Mutual Fund and has entrusted a sum of Rs.1,00,000/- (Rupees One Lakh only) to the Trustee as the initial contribution towards the corpus of Pramerica Mutual Fund.

PFI is represented by directors on the Board of the Trustee Company and the Asset Management Company in accordance with the SEBI Regulations and shall be responsible for discharging its functions and responsibilities towards Pramerica Mutual Fund in accordance with SEBI (Mutual Funds) Regulations, 1996, and the various constitutive documents of Pramerica Mutual Fund.

PFI and its affiliated companies constitute one of the world’s leading financial services groups with approximately $693 billion (USD) of assets under management as of March 31, 2010 and with over 41,000 employees worldwide. PFI is headquartered in Newark, NJ (U.S.A.) and has more than 134 years of financial services experience with operations in the U.S., Asia, Europe, and Latin America. PFI is focused on helping individual and institutional customers grow and protect their wealth and offers a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. The firm is ranked 2nd on Fortune Magazine’s 2010 List of World’s Most Admired Companies in the Insurance: Life and Health Category,65th on the 2010 Fortune 500 List of America’s Largest Corporations and 298th on the 2009 Fortune Global 500 List of the World’s Largest Corporations. Pramerica is a trade name used by PFI and its affiliated companies in select countries outside the U.S.A.

Significant Market Strength

Asset Management	Insurance
10th largest manager of U.S. institutional, tax-exempt, assets⁽¹⁾	Over $2.97 trillion total life insurance in force worldwide⁽³⁾
12th largest manager of worldwide institutional assets under management⁽²⁾	More than 2,400 Agents in the U.S. and over 13,000 Life Planners outside the U.S., including Gibraltar Life Advisors.
	2nd largest life insurer in the United States (life and group combined) based on total admitted assets⁽⁴⁾
	6th largest individual life insurer in the United States based on statutory net written premiums⁽⁴⁾
	2nd on Fortune Magazine’s 2010 List of World’s Most Admired Companies in the Insurance: Life and Health Category

Unless otherwise noted, all figures as of 31 December2009 (in USD).

(1) Source: Pensions & Investments survey of top asset managers, 31 May 2010, based on U.S. institutional, tax-exempt assets under management as of 31 December 2009
(2) Source: Pensions & Investments survey of top asset managers, 31 May 2010, based on worldwide institutional assets under management as of 31 December 2009
(3) As of 31 December 2009.
(4) Source: A.M. Best, as of 31 December 2008.

Financial Performance of Pramerica during the past five years is as follows:

Particulars	2009	2008	2007	2006	2005
Net Worth	25,729	13,786	23,923	23,261	22,919
Total Income	34,230	28,754	34,576	32,503	31,380
Profit after tax	3,124	(1,117)	3,662	3,392	3,535
Assets Under Management (in USD billions)	667	558	648	616	532

(All figures in USD millions except Assets under management)

Pramerica Trustees Private Limited (the “Trustee”) is the trustee of Pramerica Mutual Fund. The Trustee discharges its obligations as trustee of the mutual fund under SEBI (Mutual Funds) Regulations through its Board of Directors. The Trustee ensures that the transactions entered into by the AMC are in accordance with the SEBI (Mutual Funds) Regulations, 1996, and also reviews the activities carried on by the AMC.

Pramerica Asset Managers Private Limited (“the AMC”), a private limited company incorporated under the Companies Act, 1956, has been appointed as the investment manager of Pramerica Mutual Fund by the Trustee under an Investment Management Agreement between the Trustee and the AMC. Further, the AMC has been approved to act as investment manager for Pramerica Mutual Fund by SEBI, vide SEBI’s letter no. OW / 5045 / 2010 dated May 13, 2010.

The AMC is wholly owned by PFI, the Sponsor of Pramerica Mutual Fund, through one of PFI’s wholly owned ‘step-down’ subsidiaries, namely, PGLH of Delaware, Inc., a company incorporated and with its principal place of business in the U.S.A.

The AMC has been established as a full service asset management company providing investment solutions to both domestic and international retail as well as institutional clients.