Investment Portfolio

Top 5 holdings (as at 11 August 2009)

Investment
% of Net Assets
UNITECH
22.06%
INDIABULLS REAL ESTATE LTD
14.42%
HOUSING DEVELOPMENT & INFRAS
13.27%
DLF LTD
12.10%
MAHINDRA LIFESPACE
5.14%

Source: Charlemagne Capital (IOM) Limited