UNAUDITED HALF - YEARLY PORTFOLIO STATEMENT OF THE SCHEMES OF FRANKLIN TEMPLETON MUTUAL FUND AS ON MARCH 31, 2011

FRANKLIN TEMPLETON FIXED TENURE FUND - SERIES IX - PLAN A FRANKLIN TEMPLETON FIXED TENURE FUND - SERIES IX - PLAN B (Contd.) FRANKLIN TEMPLETON FIXED TENURE FUND - SERIES X - PLAN B Company Name Industry Classification Quantity Market Value % to Net Company Name Industry Classification Quantity Market Value % to Net Company Name Industry Classification Quantity Market Value % to Net (`in Lakhs) Assets (` in Lakhs) Assets (` in Lakhs) Assets

Equity & Equity Related GVK Power & Infrastructures Ltd. Power 38,319 9.93 0.17 Equity & Equity Related (a) Listed/Awaiting listing on Stock Exchanges Taj GVK Hotels & Resorts Ltd. Hotels 8,137 7.55 0.13 (a) Listed/Awaiting listing on Stock Exchanges Technologies Ltd. Software 6,135 198.57 1.85 Ltd. Pharmaceuticals 583 3.36 0.06 Infosys Technologies Ltd. Software 901 29.16 1.61 ICICI Bank Ltd. Banks 14,285 158.96 1.48 Amara Raja Batteries Ltd. Auto Ancillaries 713 1.34 0.02 ICICI Bank Ltd. Banks 2,475 27.54 1.52 Ltd. Telecom - Services 43,775 156.50 1.46 Total 1,778.18 29.64 Bharti Airtel Ltd. Telecom - Services 7,694 27.51 1.52 Ltd. Cement 5,000 123.06 1.15 Ltd. Banks 4,415 20.17 1.12 Ltd. Petroleum Products 11,389 119.33 1.11 Debt Instruments Rating India Ltd. Industrial Products 1,963 13.44 0.74 Kotak Mahindra Bank Ltd. Banks 25,027 114.34 1.07 (a) Listed / awaiting listing on Stock Exchanges HDFC Bank Ltd. Banks 491 11.50 0.64 Ltd. Consumer Non Durables 75,000 104.06 0.97 Non - Traded / Thinly Traded Scrips Bharat Heavy Electricals Ltd. Industrial Capital Goods 536 11.05 0.61 Cummins India Ltd. Industrial Products 13,000 88.99 0.83 Ltd. AAA (SO) 75 823.23 13.72 Power Grid Corporation of India Ltd. Power 10,449 10.64 0.59 HDFC Bank Ltd. Banks 3,666 85.89 0.80 Power Finance Corp. Ltd. AAA 70 692.35 11.54 Reliance Industries Ltd. Petroleum Products 934 9.79 0.54 Bharat Heavy Electricals Ltd. Industrial Capital Goods 3,165 65.23 0.61 Indian Railway Finance Corp. AAA 68 675.62 11.26 Ltd. Diversified 2,642 7.52 0.42 Ltd. Industrial Capital Goods 3,572 59.96 0.56 Power Grid Corp. of India AAA 50 622.87 10.38 Ltd. Consumer Non Durables 297 7.51 0.42 Power Grid Corporation of India Ltd. Power 44,250 45.05 0.42 NABARD AAA 60 576.77 9.61 Mahindra & Mahindra Ltd. Auto 1,062 7.42 0.41 State Banks 261 7.22 0.40 Crompton Greaves Ltd. Industrial Capital Goods 15,784 43.08 0.40 Rural Electrification Corporation Ltd. AAA 50 498.26 8.30 Ltd. Banks 581 7.09 0.39 Hindustan Unilever Ltd. Diversified 14,971 42.61 0.40 Export Import Bank of India AAA 10 99.47 1.66 Marico Ltd. Consumer Non Durables 4,749 6.59 0.36 Asian Paints Ltd. Consumer Non Durables 1,680 42.45 0.40 Dr Reddy's Laboratories Ltd. LAA+ 6,846 0.34 0.01 Mahindra & Mahindra Ltd. Auto 6,035 42.16 0.39 Grasim Industries Ltd. Cement 240 5.91 0.33 Total 3,988.91 66.48 Banks 1,512 41.85 0.39 Ltd. Software 1,228 5.87 0.32

Punjab National Bank Ltd. Banks 3,383 41.28 0.38 Bharat Electronics Ltd. Industrial Capital Goods 316 5.30 0.29 Totals 5,767.09 96.12 Ltd. Ferrous Metals 781 4.85 0.27 Oil & Natural Gas Corp. Ltd. Oil 14,056 40.78 0.38 NTPC Ltd. Power 20,696 39.94 0.37 Call, Cash & Other Assets 233.68 3.88 Ltd. Banks 1,381 4.28 0.24 GAIL India Ltd. Gas 7,420 34.50 0.32 Ltd. Auto 300 4.00 0.22 Wipro Ltd. Software 6,968 33.33 0.31 Net Assets 6,000.77 100.00 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 242 3.97 0.22 Tata Steel Ltd. Ferrous Metals 4,428 27.48 0.26 IndusInd Bank Ltd. Banks 1,501 3.96 0.22 IBN18 Broadcast Ltd. Media & Entertainment 28,810 26.85 0.25 India Cements Ltd. Cement 4,068 3.89 0.22 Note: Television Eighteen India Ltd. Media & Entertainment 32,530 25.23 0.24 Ltd. Minerals/Mining 1,100 3.82 0.21 Idea Cellular Ltd. Telecom - Services 37,057 25.01 0.23 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Crompton Greaves Ltd. Industrial Capital Goods 1,281 3.50 0.19 Yes Bank Ltd. Banks 7,826 24.25 0.23 NAV as on 30-Sep-2010 Oil & Natural Gas Corp. Ltd. Oil 1,156 3.35 0.19 Eicher Motors Ltd. Auto 1,751 23.34 0.22 Dividend Option (`) 12.2125 Ltd. Ferrous Metals 1,932 3.28 0.18 IndusInd Bank Ltd. Banks 8,544 22.53 0.21 Growth Option (`) 12.4384 NTPC Ltd. Power 1,656 3.20 0.18 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 1,373 22.50 0.21 Torrent Power Ltd. Power 1,162 2.90 0.16 India Cements Ltd. Cement 23,055 22.04 0.21 NAV as on 31-Mar-2011 GAIL India Ltd. Gas 599 2.79 0.15 ` Corp. Ltd. Petroleum Products 3,558 21.75 0.20 Dividend Option ( ) 11.4541 IBN18 Broadcast Ltd. Media & Entertainment 2,451 2.28 0.13 Growth Option (`) 12.3747 Coal India Ltd. Minerals/Mining 6,241 21.66 0.20 Idea Cellular Ltd. Telecom - Services 3,047 2.06 0.11 Orient Paper & Industries Ltd. Cement 37,333 20.81 0.19 b) Dividends declared during the Half - year ended March 31, 2011: GVK Power & Infrastructures Ltd. Power 7,895 2.05 0.11 Sterlite Industries (India) Ltd. Non - Ferrous Metals 11,500 19.94 0.19 Bharat Petroleum Corp. Ltd. Petroleum Products 296 1.81 0.10 Patni Computer Systems Ltd. Software 4,096 19.55 0.18 Dividend per unit Orient Paper & Industries Ltd. Cement 3,046 1.70 0.09 Great Eastern Shipping Co. Ltd. Transportation 7,196 18.91 0.18 Plan Name Sterlite Industries (India) Ltd. Non - Ferrous Metals 944 1.64 0.09 Steel Authority of India Ltd. Ferrous Metals 11,001 18.67 0.17 Individuals/HUF Others Patni Computer Systems Ltd. Software 335 1.60 0.09

Torrent Power Ltd. Power 6,743 16.83 0.16 Dividend Option 0.6149 0.5731 Great Eastern Shipping Co. Ltd. Transportation 586 1.53 0.08 GVK Power & Infrastructures Ltd. Power 45,601 11.83 0.11 Television Eighteen India Ltd. Media & Entertainment 1,413 1.09 0.06 Taj GVK Hotels & Resorts Ltd. Hotels 9,994 9.28 0.09 c) Average Maturity as on March 31, 2011 1.81 Years Taj GVK Hotels & Resorts Ltd. Hotels 814 0.75 0.04 Torrent Pharmaceuticals Ltd. Pharmaceuticals 692 4.01 0.04 Torrent Pharmaceuticals Ltd. Pharmaceuticals 118 0.67 0.04 Amara Raja Batteries Ltd. Auto Ancillaries 854 1.63 0.02 Amara Raja Batteries Ltd. Auto Ancillaries 151 0.28 0.02 FRANKLIN TEMPLETON FIXED TENURE FUND - SERIES X - PLAN A Total 2,126.01 19.84 Total 286.48 15.84 Company Name Industry Classification Quantity Market Value % to Net Debt Instruments Rating (`in Lakhs) Assets Debt Instruments Rating (a) Listed / awaiting listing on Stock Exchanges (a) Listed / awaiting listing on Stock Exchanges Non - Traded / Thinly Traded Scrips Equity & Equity Related Non - Traded / Thinly Traded Scrips LIC Housing Finance Ltd. AAA 135 1,346.19 12.55 (a) Listed/Awaiting listing on Stock Exchanges Export Import Bank of India AAA 20 198.94 11.00 Tata Steel Ltd. AA (IND) 110 1,099.22 10.25 Infosys Technologies Ltd. Software 3,582 115.94 2.04 Tata Steel Ltd. AA (IND) 15 149.89 8.29 Housing Development Finance Corp. Ltd. AAA 50 498.64 4.65 Bharti Airtel Ltd. Telecom - Services 25,091 89.70 1.58 LIC Housing Finance Ltd. AAA 15 148.89 8.23 Dr Reddy's Laboratories Ltd. LAA+ 8,238 0.41 0.00* ICICI Bank Ltd. Banks 8,057 89.65 1.57 Housing Development Finance Corp. Ltd. AAA 10 99.50 5.50 Total 2,944.46 27.45 Reliance Industries Ltd. Petroleum Products 6,344 66.47 1.17 Dr Reddy's Laboratories Ltd. LAA+ 1,452 0.07 0.00* Cummins India Ltd. Industrial Products 7,627 52.21 0.92 Total 597.29 33.02 (b) Securitised Debt Instruments HDFC Bank Ltd. Banks 2,067 48.43 0.85 IRST - SERIES VII Vodafone Essar South Ltd. P1+(SO) 14 1,051.39 9.80 Kotak Mahindra Bank Ltd. Banks 10,542 48.16 0.85 (b) Securitised Debt Instruments ILSS 1 Trust 2011 - SERIES A1 Marico Ltd. Consumer Non Durables 33,427 46.38 0.81 IRS Trust Series IV Vodafone Essar South Limited P1+(SO) 1 99.78 5.52 Total 99.78 5.52 - Reliance Consumer Finance P. Ltd. A1+(SO) 91 639.73 5.97 Grasim Industries Ltd. Cement 1,777 43.74 0.77 Total 1,691.12 15.77 Bharat Heavy Electricals Ltd. Industrial Capital Goods 1,826 37.63 0.66 Money Market Instruments Bharat Electronics Ltd. Industrial Capital Goods 2,038 34.21 0.60 Money Market Instruments Commercial Paper Commercial Paper Power Grid Corporation of India Ltd. Power 25,402 25.86 0.45 Tata Teleservices Ltd. P1+ 100 484.80 26.80 Trapti Trading And Investments Pvt Ltd A1+ 620 3,090.15 28.81 Crompton Greaves Ltd. Industrial Capital Goods 9,090 24.81 0.44 Total 484.80 26.80 Total 3,090.15 28.81 Asian Paints Ltd. Consumer Non Durables 966 24.41 0.43 Mahindra & Mahindra Ltd. Auto 3,466 24.21 0.43 Totals 1,468.35 81.18 Totals 9,851.74 91.87 Oil & Natural Gas Corp. Ltd. Oil 8,288 24.04 0.42 State Bank of India Banks 852 23.58 0.41 Call, Cash & Other Assets 340.57 18.82 Call, Cash & Other Assets 872.80 8.13 Punjab National Bank Ltd. Banks 1,905 23.24 0.41 NTPC Ltd. Power 11,778 22.73 0.40 Net Assets 1,808.92 100.00 Net Assets 10,724.54 100.00 Hindustan Unilever Ltd. Diversified 7,961 22.66 0.40 *Less than 0.01% GAIL India Ltd. Gas 4,324 20.11 0.35 Note: *Less than 0.01% Wipro Ltd. Software 3,695 17.67 0.31 Note: a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 IBN18 Broadcast Ltd. Media & Entertainment 16,376 15.26 0.27 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Tata Steel Ltd. Ferrous Metals 2,348 14.57 0.26 NAV as on 30-Sep-2010 ` NAV as on 30-Sep-2010 Idea Cellular Ltd. Telecom - Services 21,478 14.50 0.25 Dividend Option ( ) 11.7421 ` Dividend Option (`) 11.6049 Eicher Motors Ltd. Auto 986 13.14 0.23 Growth Option ( ) 12.2748 Growth Option (`) 11.9311 IndusInd Bank Ltd. Banks 4,905 12.93 0.23 NAV as on 31-Mar-2011 Yes Bank Ltd. Banks 4,151 12.86 0.23 Dividend Option (`) 11.2056 NAV as on 31-Mar-2011 Bharat Petroleum Corp. Ltd. Petroleum Products 2,076 12.69 0.22 Growth Option (`) 12.4548 Dividend Option (`) 11.2480 Orient Paper & Industries Ltd. Cement 21,808 12.16 0.21 Growth Option (`) 12.0831 b) Dividends declared during the Half - year ended March 31, 2011: Dr. Reddy's Laboratories Ltd. Pharmaceuticals 728 11.93 0.21 b) Dividends declared during the Half - year ended March 31, 2011: India Cements Ltd. Cement 12,224 11.69 0.21 Dividend per unit Plan Name Sterlite Industries (India) Ltd. Non - Ferrous Metals 6,664 11.56 0.20 Dividend per unit Individuals/HUF Others Plan Name Coal India Ltd. Minerals/Mining 3,311 11.49 0.20 Individuals/HUF Others Patni Computer Systems Ltd. Software 2,393 11.42 0.20 Dividend Option 0.6149 0.5731 Great Eastern Shipping Co. Ltd. Transportation 4,201 11.04 0.19 Dividend Option 0.4392 0.4093 Steel Authority of India Ltd. Ferrous Metals 6,315 10.72 0.19 c) Average Maturity as on March 31, 2011 0.25 Years Torrent Power Ltd. Power 3,800 9.48 0.17 c) Average Maturity as on March 31, 2011 0.05 Years Television Eighteen India Ltd. Media & Entertainment 8,734 6.77 0.12 FRANKLIN TEMPLETON FIXED TENURE FUND - SERIES X - PLAN C GVK Power & Infrastructures Ltd. Power 25,711 6.67 0.12 Company Name Industry Classification Quantity Market Value % to Net FRANKLIN TEMPLETON FIXED TENURE FUND - SERIES IX - PLAN B Taj GVK Hotels & Resorts Ltd. Hotels 5,780 5.38 0.09 (` in Lakhs) Assets Company Name Industry Classification Quantity Market Value % to Net Torrent Pharmaceuticals Ltd. Pharmaceuticals 389 2.26 0.04 Equity & Equity Related (` in Lakhs) Assets Amara Raja Batteries Ltd. Auto Ancillaries 454 0.87 0.02 Total 1,145.23 20.13 (a) Listed/Awaiting listing on Stock Exchanges Equity & Equity Related Infosys Technologies Ltd. Software 2,291 74.15 2.79 (a) Listed/Awaiting listing on Stock Exchanges Debt Instruments Rating ICICI Bank Ltd. Banks 5,316 59.15 2.23 Infosys Technologies Ltd. Software 5,147 166.60 2.78 (a) Listed / awaiting listing on Stock Exchanges Bharti Airtel Ltd. Telecom - Services 16,479 58.91 2.22 Reliance Industries Ltd. Petroleum Products 3,676 38.52 1.45 ICICI Bank Ltd. Banks 12,017 133.72 2.23 Non - Traded / Thinly Traded Scrips HDFC Bank Ltd. Banks 1,368 32.05 1.21 Bharti Airtel Ltd. Telecom - Services 37,141 132.78 2.21 LIC Housing Finance Ltd. AAA 85 843.70 14.82 Cummins India Ltd. Industrial Products 4,466 30.57 1.15 Marico Ltd. Consumer Non Durables 80,000 111.00 1.85 Tata Steel Ltd. AA (IND) 60 599.58 10.53 Marico Ltd. Consumer Non Durables 20,745 28.78 1.08 Grasim Industries Ltd. Cement 4,000 98.45 1.64 Power Finance Corp. Ltd. AAA 50 501.54 8.81 Kotak Mahindra Bank Ltd. Banks 6,172 28.20 1.06 Reliance Industries Ltd. Petroleum Products 9,301 97.46 1.62 Dr Reddy's Laboratories Ltd. LAA+ 4,368 0.22 0.00* Total 1,945.04 34.16 Grasim Industries Ltd. Cement 1,109 27.30 1.03 Kotak Mahindra Bank Ltd. Banks 20,843 95.22 1.59 Bharat Heavy Electricals Ltd. Industrial Capital Goods 1,154 23.78 0.90 HDFC Bank Ltd. Banks 3,096 72.54 1.21 (b) Securitised Debt Instruments Bharat Electronics Ltd. Industrial Capital Goods 1,196 20.08 0.76 Cummins India Ltd. Industrial Products 10,000 68.46 1.14 IRST - SERIES VII Vodafone Essar South Ltd. P1+(SO) 7 525.69 9.23 Power Grid Corporation of India Ltd. Power 16,617 16.92 0.64 Bharat Heavy Electricals Ltd. Industrial Capital Goods 2,576 53.09 0.88 IRS Trust Series IV Vodafone Essar South Limited P1+(SO) 5 498.90 8.76 Crompton Greaves Ltd. Industrial Capital Goods 5,792 15.81 0.60 Bharat Electronics Ltd. Industrial Capital Goods 2,652 44.52 0.74 Total 1,024.59 17.99 Hindustan Unilever Ltd. Diversified 5,529 15.74 0.59 Power Grid Corporation of India Ltd. Power 37,375 38.05 0.63 Asian Paints Ltd. Consumer Non Durables 622 15.72 0.59 Crompton Greaves Ltd. Industrial Capital Goods 13,045 35.61 0.59 Money Market Instruments Mahindra & Mahindra Ltd. Auto 2,246 15.69 0.59 Hindustan Unilever Ltd. Diversified 12,478 35.51 0.59 Commercial Paper State Bank of India Banks 563 15.58 0.59 Asian Paints Ltd. Consumer Non Durables 1,396 35.28 0.59 Tata Teleservices Ltd. P1+ 260 1,260.47 22.14 Punjab National Bank Ltd. Banks 1,258 15.35 0.58 Total 1,260.47 22.14 Mahindra & Mahindra Ltd. Auto 5,047 35.26 0.59 Oil & Natural Gas Corp. Ltd. Oil 5,036 14.61 0.55

State Bank of India Banks 1,273 35.24 0.59 NTPC Ltd. Power 7,509 14.49 0.55 Totals 5,375.33 94.42 GAIL India Ltd. Gas 2,765 12.86 0.48 Punjab National Bank Ltd. Banks 2,848 34.75 0.58 Wipro Ltd. Software 2,578 12.33 0.46 NTPC Ltd. Power 16,968 32.75 0.55 Call, Cash & Other Assets 318.15 5.58 Tata Steel Ltd. Ferrous Metals 1,633 10.13 0.38 Oil & Natural Gas Corp. Ltd. Oil 11,112 32.24 0.54 Idea Cellular Ltd. Telecom - Services 13,559 9.15 0.34 GAIL India Ltd. Gas 6,223 28.94 0.48 Net Assets 5,693.48 100.00 IBN18 Broadcast Ltd. Media & Entertainment 9,799 9.13 0.34 Wipro Ltd. Software 5,825 27.86 0.46 *Less than 0.01% Yes Bank Ltd. Banks 2,889 8.95 0.34 Tata Steel Ltd. Ferrous Metals 3,689 22.89 0.38 Note: Eicher Motors Ltd. Auto 652 8.69 0.33 IBN18 Broadcast Ltd. Media & Entertainment 21,820 20.34 0.34 IndusInd Bank Ltd. Banks 3,208 8.46 0.32 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Idea Cellular Ltd. Telecom - Services 30,029 20.27 0.34 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 505 8.27 0.31 Yes Bank Ltd. Banks 6,521 20.21 0.34 NAV as on 30-Sep-2010 India Cements Ltd. Cement 8,503 8.13 0.31 Eicher Motors Ltd. Auto 1,476 19.68 0.33 Dividend Option (`) 11.8234 Bharat Petroleum Corp. Ltd. Petroleum Products 1,322 8.08 0.30 IndusInd Bank Ltd. Banks 7,216 19.03 0.32 Growth Option (`) 12.3668 Coal India Ltd. Minerals/Mining 2,311 8.02 0.30 Television Eighteen India Ltd. Media & Entertainment 24,349 18.88 0.31 NAV as on 31-Mar-2011 Orient Paper & Industries Ltd. Cement 13,975 7.79 0.29 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 1,141 18.70 0.31 Dividend Option (`) 11.2743 Patni Computer Systems Ltd. Software 1,530 7.30 0.28 Sterlite Industries (India) Ltd. Non - Ferrous Metals 4,204 7.29 0.27 India Cements Ltd. Cement 19,207 18.36 0.31 Growth Option (`) 12.5323 Bharat Petroleum Corp. Ltd. Petroleum Products 2,971 18.16 0.30 Great Eastern Shipping Co. Ltd. Transportation 2,695 7.08 0.27 b) Dividends declared during the Half - year ended March 31, 2011: Steel Authority of India Ltd. Ferrous Metals 4,131 7.01 0.26 Coal India Ltd. Minerals/Mining 5,223 18.13 0.30 Torrent Power Ltd. Power 2,519 6.29 0.24 Orient Paper & Industries Ltd. Cement 31,424 17.52 0.29 Dividend per unit GVK Power & Infrastructures Ltd. Power 16,962 4.40 0.17 Patni Computer Systems Ltd. Software 3,438 16.41 0.27 Plan Name Television Eighteen India Ltd. Media & Entertainment 5,107 3.96 0.15 Sterlite Industries (India) Ltd. Non - Ferrous Metals 9,332 16.18 0.27 Individuals/HUF Others Taj GVK Hotels & Resorts Ltd. Hotels 3,655 3.39 0.13 Great Eastern Shipping Co. Ltd. Transportation 6,059 15.92 0.27 Torrent Pharmaceuticals Ltd. Pharmaceuticals 257 1.50 0.06 Dividend Option 0.6149 0.5731 Steel Authority of India Ltd. Ferrous Metals 9,291 15.77 0.26 Amara Raja Batteries Ltd. Auto Ancillaries 316 0.61 0.02 Torrent Power Ltd. Power 5,702 14.22 0.24 c) Average Maturity as on March 31, 2011: 0.22 Years Total 730.22 27.51 UNAUDITED HALF - YEARLY PORTFOLIO STATEMENT OF THE SCHEMES OF FRANKLIN TEMPLETON MUTUAL FUND AS ON MARCH 31, 2011

FRANKLIN TEMPLETON FIXED TENURE FUND - SERIES X - PLAN C (Contd.) FRANKLIN TEMPLETON FIXED TENURE FUND SERIES XII - PLAN A (Contd.) FRANKLIN TEMPLETON FIXED TENURE FUND - SERIES XII - PLAN B (Contd.)

Company Name Industry Classification Quantity Market Value % to Net Company Name Industry Classification Quantity Market Value % to Net Note: (` in Lakhs) Assets (` in Lakhs) Assets a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Debt Instruments Rating Asian Paints Ltd. Consumer Non Durables 5,357 135.37 0.40 NAV as on 30-Sep-2010 (a) Listed / awaiting listing on Stock Exchanges Mahindra & Mahindra Ltd. Auto 19,262 134.56 0.39 Dividend Option (`) 10.5701 Non - Traded / Thinly Traded Scrips Crompton Greaves Ltd. Industrial Capital Goods 49,283 134.52 0.39 Growth Option (`) 10.5701 Power Finance Corporation Ltd. AAA 30 296.72 11.18 State Bank of India Banks 4,728 130.87 0.38 Export Import Bank of India AAA 27 276.54 10.42 NAV as on 31-Mar-2011 Punjab National Bank Ltd. Banks 10,534 128.53 0.38 Tata Motors Ltd. AAA (SO) 25 274.41 10.34 Dividend Option (`) 10.3970 NTPC Ltd. Power 63,558 122.67 0.36 Power Grid Corp. of India AAA 20 248.88 9.38 Growth Option (`) 10.5978 Indian Railway Finance Corporation AAA 18 178.85 6.74 GAIL India Ltd. Gas 23,263 108.17 0.32 Dr Reddy's Laboratories Ltd. LAA+ 3,030 0.15 0.01 Wipro Ltd. Software 22,221 106.28 0.31 b) Dividends declared during the Half - year ended March 31, 2011: Tata Steel Ltd. Ferrous Metals 14,119 87.61 0.26 Total 1,275.55 48.07 Dividend per unit IBN18 Broadcast Ltd. Media & Entertainment 84,500 78.75 0.23 Traded Scrips Plan Name National Housing Bank AAA 30 288.66 10.88 Yes Bank Ltd. Banks 24,929 77.25 0.23 Individuals/HUF Others Idea Cellular Ltd. Telecom - Services 113,814 76.82 0.22 Total 288.66 10.88 Eicher Motors Ltd. Auto 5,453 72.69 0.21 Dividend Option 0.1757 0.1637 Totals 2,294.43 86.46 IndusInd Bank Ltd. Banks 27,390 72.23 0.21 c) Average Maturity as on March 31, 2011 1.49 Years Dr. Reddy's Laboratories Ltd. Pharmaceuticals 4,375 71.69 0.21 Call, Cash & Other Assets 359.76 13.54 India Cements Ltd. Cement 73,506 70.27 0.21 FRANKLIN TEMPLETON FIXED TENURE FUND - SERIES XII - PLAN C Net Assets 2,654.19 100.00 Coal India Ltd. Minerals/Mining 19,911 69.11 0.20 Bharat Petroleum Corp. Ltd. Petroleum Products 11,208 68.51 0.20 Company Name Industry Classification Quantity Market Value % to Net Note: (` in Lakhs) Assets Orient Paper & Industries Ltd. Cement 118,026 65.80 0.19 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Patni Computer Systems Ltd. Software 12,937 61.74 0.18 Equity & Equity Related NAV as on 30-Sep-2010 Sterlite Industries (India) Ltd. Non - Ferrous Metals 35,408 61.40 0.18 (a) Listed/Awaiting listing on Stock Exchanges Dividend Option (`) 12.5886 Great Eastern Shipping Co. Ltd. Transportation 22,785 59.88 0.17 Infosys Technologies Ltd. Software 19,850 642.49 2.33 Growth Option (`) 12.9266 Steel Authority of India Ltd. Ferrous Metals 35,264 59.86 0.17 Bharti Airtel Ltd. Telecom - Services 171,048 611.50 2.22 NAV as on 31-Mar-2011 Torrent Power Ltd. Power 21,070 52.58 0.15 ICICI Bank Ltd. Banks 53,657 597.07 2.16 Dividend Option (`) 11.7229 Taj GVK Hotels & Resorts Ltd. Hotels 42,333 39.31 0.11 Reliance Industries Ltd. Petroleum Products 44,000 461.03 1.67 Growth Option (`) 12.8537 GVK Power & Infrastructures Ltd. Power 142,619 37.01 0.11 Kotak Mahindra Bank Ltd. Banks 95,949 438.34 1.59 b) Dividends declared during the Half - year ended March 31, 2011: Torrent Pharmaceuticals Ltd. Pharmaceuticals 2,155 12.46 0.04 Grasim Industries Ltd. Cement 14,200 349.50 1.27 Dividend per unit Amara Raja Batteries Ltd. Auto Ancillaries 2,720 5.14 0.02 Cummins India Ltd. Industrial Products 50,000 342.28 1.24 Plan Name Total 6,510.72 19.02 HDFC Bank Ltd. Banks 14,500 339.73 1.23 Individuals/HUF Others Bharat Heavy Electricals Ltd. Industrial Capital Goods 11,700 241.12 0.87 Debt Instruments Rating Power Grid Corporation of India Ltd. Power 172,348 175.45 0.64 Dividend Option 0.7027 0.6550 (a) Listed / awaiting listing on Stock Exchanges Bharat Electronics Ltd. Industrial Capital Goods 10,000 167.88 0.61 Non - Traded / Thinly Traded Scrips c) Average Maturity as on March 31, 2011 1.71 Years Hindustan Unilever Ltd. Diversified 57,479 163.59 0.59 Bharat Petroleum Corporation Ltd. AAA 470 4,595.73 13.43 GAIL India Ltd. Gas 35,079 163.12 0.59 Rural Electrification Corp. Ltd. AAA 465 4,553.79 13.30 FRANKLIN TEMPLETON FIXED TENURE FUND - SERIES X - PLAN D Asian Paints Ltd. Consumer Non Durables 6,433 162.56 0.59 Indian Railway Finance Corp. AAA 300 3,013.98 8.81 Mahindra & Mahindra Ltd. Auto 23,223 162.24 0.59 Company Name Industry Classification Quantity Market Value % to Net NABARD AAA 300 2,984.04 8.72 (` in Lakhs) Assets NTPC Ltd. Power 82,000 158.26 0.57 Power Finance Corp. Ltd. AAA 300 2,922.72 8.54 State Bank of India Banks 5,687 157.41 0.57 Equity & Equity Related LIC Housing Finance Ltd. AAA 300 2,911.92 8.51 Punjab National Bank Ltd. Banks 12,728 155.30 0.56 (a) Listed/Awaiting listing on Stock Exchanges Ultra Tech Cement Ltd. AAA 10 981.73 2.87 Crompton Greaves Ltd. Industrial Capital Goods 55,012 150.16 0.54 Bharat Heavy Electricals Ltd. Industrial Capital Goods 1,830 37.71 4.56 Indian Oil Corp. Ltd. AAA 50 486.27 1.42 Marico Ltd. Consumer Non Durables 100,000 138.75 0.50 Infosys Technologies Ltd. Software 599 19.39 2.34 Dr Reddy's Laboratories Ltd. LAA+ 26,250 1.31 0.00* Wipro Ltd. Software 26,816 128.26 0.46 ICICI Bank Ltd. Banks 1,656 18.43 2.23 Total 22,451.49 65.60 Oil & Natural Gas Corp. Ltd. Oil 40,000 116.04 0.42 Bharti Airtel Ltd. Telecom - Services 5,120 18.30 2.21 Traded Scrips Tata Steel Ltd. Ferrous Metals 16,981 105.37 0.38 Kotak Mahindra Bank Ltd. Banks 2,873 13.13 1.59 Housing Development Finance Corp. Ltd. AAA 350 3,850.33 11.25 Yes Bank Ltd. Banks 30,039 93.09 0.34 HDFC Bank Ltd. Banks 425 9.96 1.20 Cummins India Ltd. Industrial Products 1,401 9.59 1.16 Total 3,850.33 11.25 Eicher Motors Ltd. Auto 6,593 87.89 0.32 IndusInd Bank Ltd. Banks 33,281 87.76 0.32 Reliance Industries Ltd. Petroleum Products 837 8.77 1.06 Totals 32,812.54 95.87 Marico Ltd. Consumer Non Durables 4,259 5.91 0.71 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 5,260 86.19 0.31 Grasim Industries Ltd. Cement 215 5.29 0.64 Call, Cash & Other Assets 1,413.74 4.13 India Cements Ltd. Cement 88,411 84.52 0.31 Power Grid Corporation of India Ltd. Power 5,151 5.24 0.63 Coal India Ltd. Minerals/Mining 24,033 83.42 0.30 Net Assets 34,226.28 100.00 Hindustan Unilever Ltd. Diversified 1,724 4.91 0.59 Bharat Petroleum Corp. Ltd. Petroleum Products 13,000 79.47 0.29 Asian Paints Ltd. Consumer Non Durables 193 4.88 0.59 *Less than 0.01% Note: Orient Paper & Industries Ltd. Cement 131,843 73.50 0.27 Mahindra & Mahindra Ltd. Auto 696 4.86 0.59 Steel Authority of India Ltd. Ferrous Metals 42,848 72.73 0.26 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 State Bank of India Banks 175 4.84 0.59 Sterlite Industries (India) Ltd. Non - Ferrous Metals 40,000 69.36 0.25 Bharat Electronics Ltd. Industrial Capital Goods 284 4.77 0.58 NAV as on 30-Sep-2010 Patni Computer Systems Ltd. Software 14,467 69.04 0.25 Punjab National Bank Ltd. Banks 389 4.75 0.57 Dividend Option (`) 10.7496 Great Eastern Shipping Co. Ltd. Transportation 26,000 68.33 0.25 Wipro Ltd. Software 804 3.85 0.47 Growth Option (`) 10.7496 Idea Cellular Ltd. Telecom - Services 100,000 67.50 0.24 Tata Steel Ltd. Ferrous Metals 508 3.15 0.38 Crompton Greaves Ltd. Industrial Capital Goods 1,149 3.14 0.38 NAV as on 31-Mar-2011 Torrent Power Ltd. Power 25,415 63.42 0.23 Oil & Natural Gas Corp. Ltd. Oil 1,036 3.01 0.36 Dividend Option (`) 10.5571 GVK Power & Infrastructures Ltd. Power 171,306 44.45 0.16 NTPC Ltd. Power 1,485 2.87 0.35 Growth Option (`) 10.7573 Taj GVK Hotels & Resorts Ltd. Hotels 25,000 23.21 0.08 Yes Bank Ltd. Banks 901 2.79 0.34 Torrent Pharmaceuticals Ltd. Pharmaceuticals 2,604 15.06 0.05 Eicher Motors Ltd. Auto 201 2.68 0.32 b) Dividends declared during the Half - year ended March 31, 2011: Amara Raja Batteries Ltd. Auto Ancillaries 3,277 6.19 0.02 IndusInd Bank Ltd. Banks 994 2.62 0.32 Dividend per unit Total 7,302.58 26.44 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 157 2.57 0.31 Plan Name Debt Instruments Rating India Cements Ltd. Cement 2,646 2.53 0.31 Individuals/HUF Others (a) Listed / awaiting listing on Stock Exchanges Coal India Ltd. Minerals/Mining 721 2.50 0.30 GAIL India Ltd. Gas 537 2.50 0.30 Dividend Option 0.1757 0.1637 Non - Traded / Thinly Traded Scrips Steel Authority of India Ltd. Ferrous Metals 1,280 2.17 0.26 ONGC Videsh Ltd. AAA 350 3,402.19 12.33 IBN18 Broadcast Ltd. Media & Entertainment 2,198 2.05 0.25 c) Average Maturity as on March 31, 2011 1.41 Years Rural Electrification Corp. Ltd. AAA 350 3,375.81 12.23 Torrent Power Ltd. Power 784 1.96 0.24 Tata Motors Ltd. AAA (SO) 300 3,285.19 11.91 Idea Cellular Ltd. Telecom - Services 2,732 1.84 0.22 FRANKLIN TEMPLETON FIXED TENURE FUND - SERIES XII - PLAN B Power Grid Corp. of India Ltd. AAA 240 2,974.28 10.78 Bharat Petroleum Corp. Ltd. Petroleum Products 266 1.63 0.20 Power Finance Corp. Ltd. AAA 280 2,770.24 10.04 Orient Paper & Industries Ltd. Cement 2,731 1.52 0.18 Company Name Industry Classification Quantity Market Value % to Net Housing Development Finance Corp. Ltd. AAA 250 2,385.77 8.65 (` in Lakhs) Assets Sterlite Industries (India) Ltd. Non - Ferrous Metals 844 1.46 0.18 Indian Railway Finance Corp. AAA 50 479.45 1.74

Patni Computer Systems Ltd. Software 300 1.43 0.17 Dr Reddy's Laboratories Ltd. LAA+ 31,560 1.58 0.01 Equity & Equity Related Great Eastern Shipping Co. Ltd. Transportation 523 1.37 0.17 Total 18,674.51 67.69 (a) Listed/Awaiting listing on Stock Exchanges GVK Power & Infrastructures Ltd. Power 5,284 1.37 0.17 Infosys Technologies Ltd. Software 14,845 480.50 1.55 Television Eighteen India Ltd. Media & Entertainment 1,266 0.98 0.12 (b) Securitised Debt Instruments Bharti Airtel Ltd. Telecom - Services 131,026 468.42 1.51 Taj GVK Hotels & Resorts Ltd. Hotels 730 0.68 0.08 IRS Trust Series IV Vodafone Essar South Limited P1+(SO) 5 498.90 1.81 Torrent Pharmaceuticals Ltd. Pharmaceuticals 79 0.46 0.06 ICICI Bank Ltd. Banks 40,689 452.77 1.46 Total 498.90 1.81 Amara Raja Batteries Ltd. Auto Ancillaries 99 0.18 0.02 Cummins India Ltd. Industrial Products 39,777 272.29 0.88 Grasim Industries Ltd. Cement 10,583 260.47 0.84 Totals 26,475.99 95.94 Total 234.04 28.30 Reliance Industries Ltd. Petroleum Products 23,821 249.60 0.80 Debt Instruments Rating HDFC Bank Ltd. Banks 10,393 243.50 0.78 Call, Cash & Other Assets 1,118.27 4.06 (a) Listed / awaiting listing on Stock Exchanges Bharat Heavy Electricals Ltd. Industrial Capital Goods 8,469 174.53 0.56 Non - Traded / Thinly Traded Scrips GAIL India Ltd. Gas 33,803 157.18 0.51 Net Assets 27,594.26 100.00 Power Grid Corp. of India AAA 10 124.44 15.04 Kotak Mahindra Bank Ltd. Banks 32,362 147.85 0.48 Export Import Bank of India AAA 11 112.66 13.62 Marico Ltd. Consumer Non Durables 102,466 142.17 0.46 Note: Power Finance Corporation Ltd. AAA 10 103.34 12.49 Crompton Greaves Ltd. Industrial Capital Goods 48,275 131.77 0.42 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Power Grid Corporation of India Ltd. Power 128,690 131.01 0.42 Rural Electrification Corp. Ltd. AAA 10 103.13 12.47 NAV as on 30-Sep-2010 Hindustan Unilever Ltd. Diversified 43,350 123.37 0.40 Dr Reddy's Laboratories Ltd. LAA+ 942 0.05 0.01 Dividend Option (`) 10.4334 Total 443.62 53.63 Asian Paints Ltd. Consumer Non Durables 4,877 123.24 0.40 Growth Option (`) 10.4334 Mahindra & Mahindra Ltd. Auto 17,492 122.20 0.39 Traded Scrips State Bank of India Banks 4,295 118.88 0.38 NAV as on 30-Sep-2010 National Housing Bank AAA 12 115.47 13.96 Dividend Option (`) 10.3939 Punjab National Bank Ltd. Banks 9,548 116.50 0.37 ` Total 115.47 13.96 Growth Option ( ) 10.3939 Idea Cellular Ltd. Telecom - Services 147,564 99.61 0.32 Steel Authority of India Ltd. Ferrous Metals 56,960 96.69 0.31 Totals 793.13 95.89 b) Dividends declared during the Half - year ended March 31, 2011: NIL Wipro Ltd. Software 20,190 96.57 0.31 c) Average Maturity as on March 31, 2011 3.39 Years Call, Cash & Other Assets 34.21 4.11 Oil & Natural Gas Corp. Ltd. Oil 29,564 85.77 0.28 Tata Steel Ltd. Ferrous Metals 12,836 79.65 0.26 Net Assets 827.34 100.00 NTPC Ltd. Power 40,304 77.79 0.25 FRANKLIN TEMPLETON FIXED TENURE FUND - SERIES XIII - PLAN A Note: Yes Bank Ltd. Banks 22,660 70.22 0.23 Company Name Industry Classification Quantity Market Value % to Net Eicher Motors Ltd. Auto 4,941 65.87 0.21 (` in Lakhs) Assets a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 IndusInd Bank Ltd. Banks 24,824 65.46 0.21 NAV as on 30-Sep-2010 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 3,980 65.21 0.21 Equity & Equity Related Dividend Option (`) 12.7121 India Cements Ltd. Cement 66,852 63.91 0.21 (a) Listed/Awaiting listing on Stock Exchanges Dividend Option (`) 13.0443 Coal India Ltd. Minerals/Mining 18,091 62.79 0.20 Infosys Technologies Ltd. Software 17,836 577.31 1.83 Bharat Petroleum Corp. Ltd. Petroleum Products 10,230 62.54 0.20 Bharti Airtel Ltd. Telecom - Services 130,808 467.64 1.48 NAV as on 31-Mar-2011 IBN18 Broadcast Ltd. Media & Entertainment 52,600 49.02 0.16 ` ICICI Bank Ltd. Banks 30,942 344.31 1.09 Dividend Option ( ) 11.6522 Torrent Power Ltd. Power 19,109 47.69 0.15 Dividend Option (`) 12.9771 Kotak Mahindra Bank Ltd. Banks 73,664 336.53 1.07 Orient Paper & Industries Ltd. Cement 75,228 41.94 0.13 Reliance Industries Ltd. Petroleum Products 30,000 314.34 1.00 b) Dividends declared during the Half - year ended March 31, 2011: Patni Computer Systems Ltd. Software 8,241 39.33 0.13 Cummins India Ltd. Industrial Products 40,000 273.82 0.87 Sterlite Industries (India) Ltd. Non - Ferrous Metals 22,360 38.77 0.12 Dividend per unit Grasim Industries Ltd. Cement 10,900 268.28 0.85 Great Eastern Shipping Co. Ltd. Transportation 14,484 38.06 0.12 Plan Name HDFC Bank Ltd. Banks 10,935 256.20 0.81 GVK Power & Infrastructures Ltd. Power 129,698 33.66 0.11 Individuals/HUF Others Bharat Heavy Electricals Ltd. Industrial Capital Goods 8,000 164.87 0.52 Taj GVK Hotels & Resorts Ltd. Hotels 19,452 18.06 0.06 Marico Ltd. Consumer Non Durables 100,000 138.75 0.44 Dividend Option 0.8784 0.8187 Television Eighteen India Ltd. Media & Entertainment 16,072 12.46 0.04 Torrent Pharmaceuticals Ltd. Pharmaceuticals 1,952 11.29 0.04 Power Grid Corporation of India Ltd. Power 132,037 134.41 0.43 c) Average Maturity as on March 31, 2011 2.23 Years Amara Raja Batteries Ltd. Auto Ancillaries 2,472 4.67 0.02 Hindustan Unilever Ltd. Diversified 44,310 126.11 0.40 Asian Paints Ltd. Consumer Non Durables 4,980 125.84 0.40 Total 5,243.28 16.89 FRANKLIN TEMPLETON FIXED TENURE FUND SERIES XII - PLAN A Mahindra & Mahindra Ltd. Auto 17,915 125.15 0.40 Debt Instruments Rating Company Name Industry Classification Quantity Market Value % to Net Crompton Greaves Ltd. Industrial Capital Goods 45,357 123.80 0.39 (a) Listed / awaiting listing on Stock Exchanges (` in Lakhs) Assets Bharat Electronics Ltd. Industrial Capital Goods 7,000 117.51 0.37 Non - Traded / Thinly Traded Scrips NTPC Ltd. Power 52,558 101.44 0.32 Bharat Petroleum Corporation Ltd. AAA 430 4,204.60 13.53 Equity & Equity Related GAIL India Ltd. Gas 21,474 99.85 0.32 LIC Housing Finance Ltd. AAA 400 3,875.66 12.47 (a) Listed/Awaiting listing on Stock Exchanges Wipro Ltd. Software 20,507 98.08 0.31 NABARD AAA 350 3,493.84 11.24 Infosys Technologies Ltd. Software 19,379 627.25 1.83 Oil & Natural Gas Corp. Ltd. Oil 32,000 92.83 0.29 Rural Electrification Corp. Ltd. AAA 355 3,476.55 11.18 Bharti Airtel Ltd. Telecom - Services 140,640 502.79 1.47 Indian Oil Corp. Ltd. AAA 340 3,306.56 10.64 State Bank of India Banks 3,272 90.57 0.29 ICICI Bank Ltd. Banks 44,720 497.62 1.45 Power Finance Corp. Ltd. AAA 250 2,504.45 8.06 Punjab National Bank Ltd. Banks 7,292 88.97 0.28 Kotak Mahindra Bank Ltd. Banks 90,000 411.17 1.20 Dr Reddy's Laboratories Ltd. LAA+ 23,880 1.19 0.00* Tata Steel Ltd. Ferrous Metals 13,037 80.89 0.26 Reliance Industries Ltd. Petroleum Products 37,500 392.93 1.15 Total 20,862.85 62.12 Yes Bank Ltd. Banks 23,160 71.77 0.23 Cummins India Ltd. Industrial Products 45,000 308.05 0.90 Sterlite Industries (India) Ltd. Non - Ferrous Metals 40,000 69.36 0.22 Traded Scrips Grasim Industries Ltd. Cement 11,700 287.97 0.84 Idea Cellular Ltd. Telecom - Services 100,000 67.50 0.21 Housing Development Finance Corp. Ltd. AAA 350 3,850.33 12.39 HDFC Bank Ltd. Banks 11,470 268.74 0.79 IndusInd Bank Ltd. Banks 25,473 67.17 0.21 Total 3,850.33 12.39 Marico Ltd. Consumer Non Durables 165,000 228.94 0.67 Eicher Motors Ltd. Auto 5,034 67.11 0.21 Bharat Heavy Electricals Ltd. Industrial Capital Goods 9,664 199.16 0.58 Totals 29,956.46 96.40 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 4,067 66.64 0.21 Bharat Electronics Ltd. Industrial Capital Goods 10,000 167.88 0.49 India Cements Ltd. Cement 67,872 64.89 0.21 Call, Cash & Other Assets 1,129.80 3.60 Power Grid Corporation of India Ltd. Power 141,927 144.48 0.42 Bharat Petroleum Corp. Ltd. Petroleum Products 10,453 63.90 0.20 Oil & Natural Gas Corp. Ltd. Oil 47,200 136.93 0.40 Net Assets 31,086.26 100.00 Coal India Ltd. Minerals/Mining 18,374 63.78 0.20 Hindustan Unilever Ltd. Diversified 47,693 135.73 0.40 Orient Paper & Industries Ltd. Cement 108,924 60.73 0.19 *Less than 0.01% UNAUDITED HALF - YEARLY PORTFOLIO STATEMENT OF THE SCHEMES OF FRANKLIN TEMPLETON MUTUAL FUND AS ON MARCH 31, 2011

FRANKLIN TEMPLETON FIXED TENURE FUND - SERIES XIII - PLAN A (Contd.) FRANKLIN TEMPLETON FIXED TENURE FUND - SERIES XIV - PLAN B TEMPLETON INDIA PENSION PLAN Company Name Industry Classification Quantity Market Value % to Net Company Name Industry Classification Quantity Market Value % to Net Company Name Industry Classification Quantity Market Value % to Net (` in Lakhs) Assets (` in Lakhs) Assets (` in Lakhs) Assets

Patni Computer Systems Ltd. Software 11,924 56.91 0.18 Equity & Equity Related Equity & Equity Related Steel Authority of India Ltd. Ferrous Metals 32,795 55.67 0.18 (a) Listed/Awaiting listing on Stock Exchanges (a) Listed/Awaiting listing on Stock Exchanges Great Eastern Shipping Co. Ltd. Transportation 20,000 52.56 0.17 Infosys Technologies Ltd. Software 5,700 184.49 1.75 Infosys Technologies Ltd. Software 23,123 748.43 3.50 Torrent Power Ltd. Power 14,579 36.38 0.12 ICICI Bank Ltd. Banks 14,000 155.79 1.48 Bharti Airtel Ltd. Telecom - Services 174,743 624.71 2.93 GVK Power & Infrastructures Ltd. Power 98,704 25.61 0.08 Bharti Airtel Ltd. Telecom - Services 42,000 150.15 1.42 ICICI Bank Ltd. Banks 54,705 608.73 2.85 Taj GVK Hotels & Resorts Ltd. Hotels 20,000 18.57 0.06 Reliance Industries Ltd. Petroleum Products 12,500 130.98 1.24 Reliance Industries Ltd. Petroleum Products 46,180 483.87 2.27 Kotak Mahindra Bank Ltd. Banks 24,583 112.31 1.06 Kotak Mahindra Bank Ltd. Banks 98,208 448.66 2.10 Torrent Pharmaceuticals Ltd. Pharmaceuticals 1,988 11.50 0.04 HDFC Bank Ltd. Banks 3,500 82.00 0.78 Grasim Industries Ltd. Cement 13,784 339.26 1.59 Amara Raja Batteries Ltd. Auto Ancillaries 2,527 4.78 0.02 Marico Ltd. Consumer Non Durables 50,000 69.38 0.66 HDFC Bank Ltd. Banks 14,185 332.35 1.56 Total 5,472.33 17.36 Cummins India Ltd. Industrial Products 10,000 68.46 0.65 Cummins India Ltd. Industrial Products 44,135 302.13 1.41 Debt Instruments Rating Grasim Industries Ltd. Cement 2,000 49.23 0.47 Marico Ltd. Consumer Non Durables 201,397 279.44 1.31 (a) Listed / awaiting listing on Stock Exchanges NTPC Ltd. Power 25,000 48.25 0.46 Bharat Heavy Electricals Ltd. Industrial Capital Goods 11,365 234.22 1.10 Non - Traded / Thinly Traded Scrips Oil & Natural Gas Corp. Ltd. Oil 16,000 46.42 0.44 Bharat Electronics Ltd. Industrial Capital Goods 10,502 176.30 0.83 Punjab National Bank Ltd. Banks 3,500 42.71 0.40 Power Grid Corporation of India Ltd. Power 172,712 175.82 0.82 Housing Development Finance Corp. Ltd. AAA 400 3,887.20 12.31 Hindustan Unilever Ltd. Diversified 14,702 41.84 0.40 Hindustan Unilever Ltd. Diversified 58,793 167.32 0.78 Indian Railway Finance Corp. AAA 350 3,477.47 11.01 Asian Paints Ltd. Consumer Non Durables 1,655 41.82 0.40 Mahindra & Mahindra Ltd. Auto 23,726 165.75 0.78 Rural Electrification Corp. Ltd. AAA 310 3,013.94 9.54 State Bank of India Banks 1,500 41.52 0.39 Asian Paints Ltd. Consumer Non Durables 6,552 165.57 0.78 Power Finance Corp. Ltd. AAA 300 2,981.44 9.44 Mahindra & Mahindra Ltd. Auto 5,928 41.41 0.39 State Bank of India Banks 5,812 160.87 0.75 Export Import Bank of India AAA 250 2,491.90 7.89 Power Grid Corporation of India Ltd. Power 40,000 40.72 0.39 Punjab National Bank Ltd. Banks 13,036 159.06 0.74 LIC Housing Finance Ltd. AAA 250 2,422.28 7.67 Wipro Ltd. Software 6,839 32.71 0.31 Crompton Greaves Ltd. Industrial Capital Goods 58,182 158.81 0.74 Corp. Ltd. AAA 250 2,421.26 7.67 Crompton Greaves Ltd. Industrial Capital Goods 10,000 27.30 0.26 NTPC Ltd. Power 75,396 145.51 0.68 NABARD AAA 240 2,398.43 7.59 Idea Cellular Ltd. Telecom - Services 40,000 27.00 0.26 Oil & Natural Gas Corp. Ltd. Oil 47,308 137.24 0.64 Power Grid Corp. of India AAA 40 498.43 1.58 Tata Steel Ltd. Ferrous Metals 4,345 26.96 0.26 Wipro Ltd. Software 27,553 131.79 0.62 Dr Reddy's Laboratories Ltd. LAA+ 24,402 1.22 0.00* Steel Authority of India Ltd. Ferrous Metals 15,000 25.46 0.24 GAIL India Ltd. Gas 28,023 130.31 0.61 Total 23,593.57 74.70 Yes Bank Ltd. Banks 7,688 23.83 0.23 Tata Steel Ltd. Ferrous Metals 17,378 107.83 0.50 IndusInd Bank Ltd. Banks 9,000 23.73 0.22 Yes Bank Ltd. Banks 30,728 95.23 0.45 (b) Securitised Debt Instruments Dr. Reddy's Laboratories Ltd. Pharmaceuticals 1,350 22.12 0.21 Eicher Motors Ltd. Auto 6,766 90.20 0.42 IRS Trust Series IV Vodafone Essar South Limited P1+(SO) 15 1,496.69 4.74 India Cements Ltd. Cement 22,650 21.65 0.21 Idea Cellular Ltd. Telecom - Services 132,296 89.30 0.42 Total 1,496.69 4.74 Bharat Petroleum Corp. Ltd. Petroleum Products 3,500 21.40 0.20 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 5,368 87.96 0.41 Coal India Ltd. Minerals/Mining 6,127 21.27 0.20 IndusInd Bank Ltd. Banks 33,349 87.94 0.41 Totals 30,562.59 96.80 Sterlite Industries (India) Ltd. Non - Ferrous Metals 12,000 20.81 0.20 India Cements Ltd. Cement 90,474 86.49 0.41 Bharat Heavy Electricals Ltd. Industrial Capital Goods 1,000 20.60 0.20 Coal India Ltd. Minerals/Mining 24,730 85.84 0.40 Call, Cash & Other Assets 1,024.96 3.20 Great Eastern Shipping Co. Ltd. Transportation 6,600 17.33 0.16 IBN18 Broadcast Ltd. Media & Entertainment 89,086 83.03 0.39 GVK Power & Infrastructures Ltd. Power 50,000 12.97 0.12 Bharat Petroleum Corp. Ltd. Petroleum Products 13,231 80.88 0.38 Net Assets 31,587.55 100.00 Amara Raja Batteries Ltd. Auto Ancillaries 840 1.58 0.01 Orient Paper & Industries Ltd. Cement 140,929 78.57 0.37 Total 1,694.20 16.07 Patni Computer Systems Ltd. Software 15,440 73.69 0.35 *Less than 0.01% Steel Authority of India Ltd. Ferrous Metals 42,935 72.88 0.34 Note: Debt Instruments Rating Great Eastern Shipping Co. Ltd. Transportation 27,231 71.56 0.34 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 (a) Listed / awaiting listing on Stock Exchanges Sterlite Industries (India) Ltd. Non - Ferrous Metals 41,140 71.34 0.33 Non - Traded / Thinly Traded Scrips Torrent Power Ltd. Power 26,115 65.17 0.31 NAV as on 30-Sep-2010 Power Grid Corporation of India Ltd. AAA 120 1,481.47 14.04 GVK Power & Infrastructures Ltd. Power 174,767 45.35 0.21 Dividend Option (`) 10.4491 National Housing Bank AAA 150 1,461.79 13.85 Television Eighteen India Ltd. Media & Entertainment 46,825 36.31 0.17 Growth Option (`) 10.4491 Power Finance Corp. Ltd. AAA 140 1,446.81 13.71 Taj GVK Hotels & Resorts Ltd. Hotels 35,953 33.38 0.16 Rural Electrification Corp. Ltd. AAA 140 1,443.85 13.68 Torrent Pharmaceuticals Ltd. Pharmaceuticals 2,673 15.46 0.07 NAV as on 31-Mar-2011 LIC Housing Finance Ltd. AAA 85 823.76 7.81 Amara Raja Batteries Ltd. Auto Ancillaries 3,352 6.33 0.03 ` Dividend Option ( ) 10.2552 Export Import Bank of India AAA 2 20.48 0.19 Total 7,740.89 36.26 ` Growth Option ( ) 10.4584 Dr Reddy's Laboratories Ltd. LAA+ 8,100 0.40 0.00* Total 6,678.56 63.28 Debt Instruments Rating b) Dividends declared during the Half - year ended March 31, 2011: (a) Listed / awaiting listing on Stock Exchanges Traded Scrips Non - Traded / Thinly Traded Scrips Dividend per unit Housing Development Finance Corp. Ltd. AAA 150 1,530.54 14.50 NABARD AAA 20 200.78 0.94 Plan Name Total 1,530.54 14.50 Individuals/HUF Others Power Grid Corp. of India AAA 34 173.30 0.81 Export Import Bank of India AAA 10 102.42 0.48 Totals 9,903.30 93.85 Dividend Option 0.0176 0.0164 Housing Development Finance Corp. Ltd. AAA 10 100.22 0.47

Dr Reddy's Laboratories Ltd. LAA+ 32,208 1.61 0.01 Call, Cash & Other Assets 649.78 6.15 c) Average Maturity as on March 31, 2011 1.61 Years Total 578.33 2.71

Net Assets 10,553.08 100.00 FRANKLIN TEMPLETON FIXED TENURE FUND - SERIES XIV - PLAN A Money Market Instruments Certificate of Deposit Company Name Industry Classification Quantity Market Value % to Net *Less than 0.01% Bank Of India P1+ 3,500 3,266.02 15.29 (` in Lakhs) Assets Note: a) NAV at the end of the Half-year ended March 31, 2011 State Bank Of Patiala A1+ 3,000 2,819.40 13.20 Equity & Equity Related A1+ 2,500 2,342.18 10.97 NAV as on 31-March-2011 PR1+ 1,000 979.67 4.59 (a) Listed/Awaiting listing on Stock Exchanges Dividend Plan (`) 10.0859 Corporation Bank Ltd P1+ 1,000 918.78 4.30 Bharti Airtel Ltd. Telecom - Services 27,802 99.39 1.48 ` Growth Plan ( ) 10.0859 Oriental Bank Of Commerce P1+ 500 461.05 2.16 ICICI Bank Ltd. Banks 8,780 97.70 1.46 Total 10,787.10 50.51 Infosys Technologies Ltd. Software 3,000 97.10 1.45 b) Dividends declared during the Half - year ended March 31, 2011: NIL

Reliance Industries Ltd. Petroleum Products 7,000 73.35 1.09 Commercial Paper c) Average Maturity as on March 31, 2011 2.37 Years HDFC Bank Ltd. Banks 2,700 63.26 0.94 Trapti Trading And Investments Pvt Ltd A1+ 440 2,193.01 10.27 Cummins India Ltd. Industrial Products 9,000 61.61 0.92 Total 2,193.01 10.27 Bharat Heavy Electricals Ltd. Industrial Capital Goods 2,300 47.40 0.71 FRANKLIN TEMPLETON FIXED TENURE FUND - SERIES XV Grasim Industries Ltd. Cement 1,800 44.30 0.66 Totals 21,299.33 99.75 Company Name Industry Classification Quantity Market Value % to Net Power Grid Corporation of India Ltd. Power 41,800 42.55 0.64 (` in Lakhs) Assets Call, Cash & Other Assets 55.58 0.25 Bharat Electronics Ltd. Industrial Capital Goods 1,900 31.90 0.48 Oil & Natural Gas Corp. Ltd. Oil 10,000 29.01 0.43 Equity & Equity Related Net Assets 21,354.91 100.00 Marico Ltd. Consumer Non Durables 20,000 27.75 0.41 (a) Listed/Awaiting listing on Stock Exchanges Crompton Greaves Ltd. Industrial Capital Goods 10,000 27.30 0.41 Infosys Technologies Ltd. Software 4,250 137.56 1.57 Note: Hindustan Unilever Ltd. Diversified 9,347 26.60 0.40 Bharti Airtel Ltd. Telecom - Services 36,000 128.70 1.47 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Asian Paints Ltd. Consumer Non Durables 1,051 26.56 0.40 ICICI Bank Ltd. Banks 11,000 122.40 1.40 Mahindra & Mahindra Ltd. Auto 3,776 26.38 0.39 HDFC Bank Ltd. Banks 3,300 77.32 0.88 NAV as on 30-Sep-2010 ` State Bank of India Banks 924 25.58 0.38 Kotak Mahindra Bank Ltd. Banks 16,500 75.38 0.86 Dividend Plan ( ) 15.9867 Growth Plan (`) 58.6830 NTPC Ltd. Power 13,000 25.09 0.37 Grasim Industries Ltd. Cement 3,000 73.84 0.84 Reliance Industries Ltd. Petroleum Products 7,000 73.35 0.84 Punjab National Bank Ltd. Banks 2,051 25.03 0.37 NAV as on 31-Mar-2011 GAIL India Ltd. Gas 5,000 23.25 0.35 Cummins India Ltd. Industrial Products 9,200 62.98 0.72 Dividend Plan (`) 14.5054 Wipro Ltd. Software 4,351 20.81 0.31 Marico Ltd. Consumer Non Durables 42,000 58.28 0.66 Growth Plan (`) 58.7186 Kotak Mahindra Bank Ltd. Banks 4,375 19.99 0.30 GAIL India Ltd. Gas 9,800 45.57 0.52 Bharat Petroleum Corp. Ltd. Petroleum Products 3,000 18.34 0.27 State Bank of India Banks 1,600 44.29 0.51 b) Dividends declared during the Half - year ended March 31, 2011: Tata Steel Ltd. Ferrous Metals 2,763 17.14 0.26 Mahindra & Mahindra Ltd. Auto 5,700 39.82 0.45 Dividend per unit Yes Bank Ltd. Banks 4,885 15.14 0.23 Crompton Greaves Ltd. Industrial Capital Goods 14,000 38.21 0.44 Asian Paints Ltd. Consumer Non Durables 1,426 36.03 0.41 Plan Name IndusInd Bank Ltd. Banks 5,378 14.18 0.21 Individuals/HUF Others Bharat Heavy Electricals Ltd. Industrial Capital Goods 1,700 35.03 0.40 Eicher Motors Ltd. Auto 1,061 14.14 0.21 Eicher Motors Ltd. Auto 2,400 31.99 0.36 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 857 14.04 0.21 Dividend Plan 1.3000 1.2116 Idea Cellular Ltd. Telecom - Services 44,000 29.70 0.34 India Cements Ltd. Cement 14,404 13.77 0.21 Hindustan Unilever Ltd. Diversified 10,000 28.46 0.32 c) Average Maturity as on March 31, 2011 0.70 Years Coal India Ltd. Minerals/Mining 3,899 13.53 0.20 Wipro Ltd. Software 5,697 27.25 0.31 Idea Cellular Ltd. Telecom - Services 20,000 13.50 0.20 Steel Authority of India Ltd. Ferrous Metals 16,000 27.16 0.31 Steel Authority of India Ltd. Ferrous Metals 6,924 11.75 0.18 TEMPLETON INDIA CHILDREN'S ASSET PLAN - EDUCATION PLAN Tata Steel Ltd. Ferrous Metals 3,620 22.46 0.26 Orient Paper & Industries Ltd. Cement 20,000 11.15 0.17 Company Name Industry Classification Quantity Market Value % to Net IndusInd Bank Ltd. Banks 8,000 21.10 0.24 Great Eastern Shipping Co. Ltd. Transportation 4,000 10.51 0.16 (` in Lakhs) Assets Yes Bank Ltd. Banks 6,402 19.84 0.23 Torrent Power Ltd. Power 4,095 10.22 0.15 Bharat Petroleum Corp. Ltd. Petroleum Products 3,180 19.44 0.22 Sterlite Industries (India) Ltd. Non - Ferrous Metals 5,000 8.67 0.13 Equity & Equity Related Torrent Power Ltd. Power 7,500 18.72 0.21 (a) Listed/Awaiting listing on Stock Exchanges GVK Power & Infrastructures Ltd. Power 27,951 7.25 0.11 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 1,125 18.43 0.21 Infosys Technologies Ltd. Software 83 2.69 1.80 Torrent Pharmaceuticals Ltd. Pharmaceuticals 419 2.43 0.04 Great Eastern Shipping Co. Ltd. Transportation 7,000 18.40 0.21 Bharti Airtel Ltd. Telecom - Services 610 2.18 1.45 Amara Raja Batteries Ltd. Auto Ancillaries 534 1.01 0.02 India Cements Ltd. Cement 18,873 18.04 0.21 ICICI Bank Ltd. Banks 192 2.14 1.43 Total 1,158.68 17.31 Coal India Ltd. Minerals/Mining 5,102 17.71 0.20 Kotak Mahindra Bank Ltd. Banks 350 1.60 1.07

Amara Raja Batteries Ltd. Auto Ancillaries 700 1.32 0.02 Reliance Industries Ltd. Petroleum Products 150 1.57 1.05 Debt Instruments Rating Total 1,368.78 15.62 HDFC Bank Ltd. Banks 49 1.15 0.77 (a) Listed / awaiting listing on Stock Exchanges Cummins India Ltd. Industrial Products 161 1.10 0.73 Non - Traded / Thinly Traded Scrips Debt Instruments Rating Marico Ltd. Consumer Non Durables 755 1.05 0.70 Rural Electrification Corp. Ltd. CARE AAA 100 970.54 14.48 (a) Listed / awaiting listing on Stock Exchanges Grasim Industries Ltd. Cement 40 0.98 0.65 Power Finance Corp. Ltd. AAA 90 920.98 13.75 Non - Traded / Thinly Traded Scrips Bharat Heavy Electricals Ltd. Industrial Capital Goods 41 0.84 0.56 LIC Housing Finance Ltd. AAA 95 915.90 13.67 Rural Electrification Corp. Ltd. AAA 120 1,227.18 14.00 Bharat Electronics Ltd. Industrial Capital Goods 45 0.76 0.51 Housing Development Finance Corp. Ltd. AAA 90 897.42 13.39 Power Finance Corp. Ltd. AAA 100 1,044.02 11.91 Power Grid Corporation of India Ltd. Power 618 0.63 0.42 Dr Reddy's Laboratories Ltd. LAA+ 5,142 0.26 0.00* Housing Development Finance Corp. Ltd. AAA 100 1,000.56 11.41 Hindustan Unilever Ltd. Diversified 209 0.59 0.39 Total 3,705.10 55.29 LIC Housing Finance Ltd. AAA 100 1,000.04 11.41 Mahindra & Mahindra Ltd. Auto 84 0.59 0.39 Indian Railway Finance Corp AAA 20 197.91 2.26 Asian Paints Ltd. Consumer Non Durables 23 0.58 0.39 Traded Scrips Dr Reddy's Laboratories Ltd. LAA+ 6,750 0.34 0.00* Crompton Greaves Ltd. Industrial Capital Goods 208 0.57 0.38 National Housing Bank AAA 100 962.21 14.36 Total 4,470.05 50.99 Punjab National Bank Ltd. Banks 45 0.55 0.37 Total 962.21 14.36 State Bank of India Banks 20 0.55 0.37 Money Market Instruments NTPC Ltd. Power 271 0.52 0.35 Totals 5,825.99 86.96 Commercial Paper Oil & Natural Gas Corp. Ltd. Oil 176 0.51 0.34 Trapti Trading And Investments Pvt Ltd A1+ 40 199.36 2.27 GAIL India Ltd. Gas 100 0.47 0.31 Call, Cash & Other Assets 874.34 13.04 Total 199.36 2.27 Wipro Ltd. Software 97 0.46 0.31 Net Assets 6,700.33 100.00 Tata Steel Ltd. Ferrous Metals 61 0.38 0.25 Totals 6,038.19 68.88 IBN18 Broadcast Ltd. Media & Entertainment 365 0.34 0.23 *Less than 0.01% Yes Bank Ltd. Banks 109 0.34 0.23 Note: Call, Cash & Other Assets 2,727.29 31.12 Idea Cellular Ltd. Telecom - Services 488 0.33 0.22 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 19 0.31 0.21 Net Assets 8,765.48 100.00 Eicher Motors Ltd. Auto 23 0.31 0.21 NAV as on 30-Sep-2010 India Cements Ltd. Cement 322 0.31 0.21 ` *Less than 0.01% Dividend Option ( ) 10.1168 IndusInd Bank Ltd. Banks 119 0.31 0.21 Growth Option (`) 10.1168 Note: a) NAV at the end of the Half-year ended March 31, 2011 Coal India Ltd. Minerals/Mining 87 0.30 0.20 NAV as on 31-Mar-2011 Bharat Petroleum Corp. Ltd. Petroleum Products 47 0.29 0.19 Dividend Option (`) 10.1258 NAV as on 31-Mar-2011 Orient Paper & Industries Ltd. Cement 507 0.28 0.19 ` Growth Option (`) 10.1258 Dividend Plan ( ) 10.2151 Patni Computer Systems Ltd. Software 55 0.26 0.17 ` Growth Plan ( ) 10.2151 Steel Authority of India Ltd. Ferrous Metals 153 0.26 0.17 b) Dividends declared during the Half - year ended March 31, 2011: NIL Sterlite Industries (India) Ltd. Non - Ferrous Metals 148 0.26 0.17 b) Dividends declared during the Half - year ended March 31, 2011: NIL Great Eastern Shipping Co. Ltd. Transportation 97 0.25 0.17

c) Average Maturity as on March 31, 2011 1.78 Years Torrent Power Ltd. Power 91 0.23 0.15 c) Average Maturity as on March 31, 2011 1.59 Years UNAUDITED HALF - YEARLY PORTFOLIO STATEMENT OF THE SCHEMES OF FRANKLIN TEMPLETON MUTUAL FUND AS ON MARCH 31, 2011

TEMPLETON INDIA CHILDREN'S ASSET PLAN - EDUCATION PLAN (Contd.) FRANKLIN TEMPLETON FIXED TENURE FUND - SERIES VI - 60 MONTHS PLAN FRANKLIN TEMPLETON FIXED TENURE FUND-SERIES VIII 60 MONTHS PLAN - PLAN A (Contd.) Company Name Industry Classification Quantity Market Value % to Net Company Name Industry Classification Quantity Market Value % to Net Company Name Industry Classification Quantity Market Value % to Net (` in Lakhs) Assets (` in Lakhs) Assets (` in Lakhs) Assets

GVK Power & Infrastructures Ltd. Power 615 0.16 0.11 Equity & Equity Related GVK Power & Infrastructures Ltd. Power 30,812 8.00 0.16 Television Eighteen India Ltd. Media & Entertainment 186 0.14 0.09 (a) Listed/Awaiting listing on Stock Exchanges Taj GVK Hotels & Resorts Ltd. Hotels 6,852 6.35 0.13 Taj GVK Hotels & Resorts Ltd. Hotels 131 0.12 0.08 Infosys Technologies Ltd. Software 13,983 452.59 2.90 Torrent Pharmaceuticals Ltd. Pharmaceuticals 463 2.67 0.05 Torrent Pharmaceuticals Ltd. Pharmaceuticals 9 0.05 0.03 ICICI Bank Ltd. Banks 32,347 359.94 2.31 Amara Raja Batteries Ltd. Auto Ancillaries 588 1.10 0.02 Amara Raja Batteries Ltd. Auto Ancillaries 12 0.03 0.02 Bharti Airtel Ltd. Telecom - Services 100,233 358.33 2.30 Total 1,421.32 28.72 Total 27.34 18.25 Reliance Industries Ltd. Petroleum Products 25,705 269.34 1.73 Cummins India Ltd. Industrial Products 37,970 259.92 1.67 Debt Instruments Rating Debt Instruments Rating Kotak Mahindra Bank Ltd. Banks 54,174 247.49 1.59 (a) Listed / awaiting listing on Stock Exchanges (a) Listed / awaiting listing on Stock Exchanges Grasim Industries Ltd. Cement 8,344 205.37 1.32 Non - Traded / Thinly Traded Scrips Non - Traded / Thinly Traded Scrips HDFC Bank Ltd. Banks 8,347 195.57 1.25 Power Finance Corp. Ltd. AAA 55 546.54 11.04 Housing Development Finance Corp. Ltd. AAA 1 9.94 6.63 Marico Ltd. Consumer Non Durables 130,397 180.93 1.16 Tata Steel Ltd. AA (IND) 50 499.65 10.09 Dr Reddy's Laboratories Ltd. LAA+ 114 0.01 0.01 Bharat Heavy Electricals Ltd. Industrial Capital Goods 7,160 147.56 0.95 Infrastructure Development Finance Co. Ltd. AA+ 50 498.40 10.07 Total 9.95 6.64 Bharat Electronics Ltd. Industrial Capital Goods 7,652 128.46 0.82 LIC Housing Finance Ltd. AAA 50 489.62 9.89 Power Grid Corporation of India Ltd. Power 101,499 103.33 0.66 Money Market Instruments NABARD AAA 40 401.15 8.10 Crompton Greaves Ltd. Industrial Capital Goods 35,320 96.41 0.62 Certificate of Deposit Indian Railway Finance Corporation AAA 30 296.86 6.00 Mahindra & Mahindra Ltd. Auto 13,765 96.16 0.62 State Bank Of Hyderabad P1+ 40 39.07 26.07 Export Import Bank of India AAA 10 99.46 2.01 Asian Paints Ltd. Consumer Non Durables 3,772 95.32 0.61 Total 39.07 26.07 Dr Reddy's Laboratories Ltd. LAA+ 5,646 0.28 0.01 State Bank of India Banks 3,430 94.94 0.61 Total 2,831.96 57.21 Totals 76.36 50.96 Punjab National Bank Ltd. Banks 7,701 93.96 0.60 Hindustan Unilever Ltd. Diversified 32,516 92.54 0.59 (b) Securitised Debt Instruments Call, Cash & Other Assets 73.50 49.04 Oil & Natural Gas Corp. Ltd. Oil 31,312 90.84 0.58 IRS Trust Series IV Vodafone Essar South Limited P1+(SO) 4 399.12 8.06 NTPC Ltd. Power 46,024 88.83 0.57 Total 399.12 8.06 Net Assets 149.86 100.00 GAIL India Ltd. Gas 16,808 78.16 0.50 Wipro Ltd. Software 15,146 72.44 0.46 Totals 4,652.40 93.99 Note: Tata Steel Ltd. Ferrous Metals 9,588 59.49 0.38 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 IBN18 Broadcast Ltd. Media & Entertainment 62,727 58.46 0.37 Call, Cash & Other Assets 298.17 6.01 Idea Cellular Ltd. Telecom - Services 81,683 55.14 0.35 NAV as on 30-Sep-2010 32.0668 Eicher Motors Ltd. Auto 3,992 53.22 0.34 Net Assets 4,950.57 100.00 Yes Bank Ltd. Banks 16,969 52.59 0.34 NAV as on 31-Mar-2011 32.4108 IndusInd Bank Ltd. Banks 19,599 51.68 0.33 Note: Bharat Petroleum Corp. Ltd. Petroleum Products 8,112 49.59 0.32 b) Dividends declared during the Half - year ended March 31, 2011: NIL a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 2,968 48.63 0.31 c) Average Maturity as on March 31, 2011 0.12 years Television Eighteen India Ltd. Media & Entertainment 62,398 48.39 0.31 NAV as on 30-Sep-2010 India Cements Ltd. Cement 49,912 47.72 0.31 Annual Dividend Option (`) 11.7647 TEMPLETON INDIA CHILDREN'S ASSET PLAN - GIFT PLAN Orient Paper & Industries Ltd. Cement 85,159 47.48 0.30 Growth Option (`) 13.7954 Company Name Industry Classification Quantity Market Value % to Net Coal India Ltd. Minerals/Mining 13,580 47.14 0.30 (` in Lakhs) Assets Sterlite Industries (India) Ltd. Non - Ferrous Metals 25,912 44.93 0.29 NAV as on 03-Mar-2011 Patni Computer Systems Ltd. Software 9,342 44.58 0.29 Annual Dividend Option (`) 11.8229 Equity & Equity Related Great Eastern Shipping Co. Ltd. Transportation 16,441 43.21 0.28 Growth Option (`) 13.8636 (a) Listed/Awaiting listing on Stock Exchanges Steel Authority of India Ltd. Ferrous Metals 25,233 42.83 0.27 Infosys Technologies Ltd. Software 1,533 49.62 6.75 Torrent Power Ltd. Power 15,378 38.38 0.25 b) Dividends declared during the Half - year ended March 31, 2011: NIL Bharti Airtel Ltd. Telecom - Services 10,924 39.05 5.31 GVK Power & Infrastructures Ltd. Power 103,270 26.80 0.17 c) Average Maturity as on March 31, 2011 0.61 Years ICICI Bank Ltd. Banks 3,240 36.05 4.91 Taj GVK Hotels & Resorts Ltd. Hotels 22,619 21.00 0.13 Reliance Industries Ltd. Petroleum Products 3,297 34.55 4.70 Torrent Pharmaceuticals Ltd. Pharmaceuticals 1,577 9.11 0.06 Kotak Mahindra Bank Ltd. Banks 5,792 26.46 3.60 FT INDIA BALANCED FUND Amara Raja Batteries Ltd. Auto Ancillaries 1,852 3.49 0.02 Cummins India Ltd. Industrial Products 3,476 23.79 3.24 Company Name Industry Classification Quantity Market Value % to Net Grasim Industries Ltd. Cement 941 23.16 3.15 Total 4,702.29 30.14 (` in Lakhs) Assets HDFC Bank Ltd. Banks 850 19.92 2.71

Bharat Heavy Electricals Ltd. Industrial Capital Goods 822 16.94 2.31 Debt Instruments Rating Marico Ltd. Consumer Non Durables 11,720 16.26 2.21 (a) Listed / awaiting listing on Stock Exchanges Equity & Equity Related State Bank of India Banks 545 15.09 2.05 Non - Traded / Thinly Traded Scrips (a) Listed/Awaiting listing on Stock Exchanges NTPC Ltd. Power 6,188 11.94 1.62 LIC Housing Finance Ltd. AAA 215 2,136.40 13.70 Infosys Technologies Ltd. Software 55,978 1,811.87 6.77 Punjab National Bank Ltd. Banks 934 11.40 1.55 Tata Steel Ltd. AA (IND) 200 1,998.59 12.81 ICICI Bank Ltd. Banks 129,950 1,446.02 5.40 Oil & Natural Gas Corp. Ltd. Oil 3,868 11.22 1.53 Infrastructure Development Finance Co. Ltd. LAAA 100 997.83 6.40 Bharti Airtel Ltd. Telecom - Services 399,404 1,427.87 5.33 Power Grid Corporation of India Ltd. Power 10,534 10.72 1.46 Power Finance Corp. Ltd. AAA 50 501.55 3.22 Reliance Industries Ltd. Petroleum Products 112,799 1,181.91 4.42 Crompton Greaves Ltd. Industrial Capital Goods 3,894 10.63 1.45 Power Grid Corp of India AAA 40 499.61 3.20 Cummins India Ltd. Industrial Products 165,795 1,134.95 4.24 Hindustan Unilever Ltd. Diversified 3,494 9.94 1.35 Kotak Mahindra Bank Ltd. Banks 213,734 976.44 3.65 Mahindra & Mahindra Ltd. Auto 1,408 9.84 1.34 Housing Development Finance Corp. Ltd. AAA 50 498.63 3.20 Grasim Industries Ltd. Cement 33,189 816.86 3.05 GAIL India Ltd. Gas 2,074 9.64 1.31 Dr Reddy's Laboratories Ltd. LAA+ 17,808 0.89 0.01 Asian Paints Ltd. Consumer Non Durables 380 9.60 1.31 Total 6,633.50 42.54 HDFC Bank Ltd. Banks 33,809 792.13 2.96 Bharat Electronics Ltd. Industrial Capital Goods 525 8.81 1.20 Marico Ltd. Consumer Non Durables 566,892 786.56 2.94 Great Eastern Shipping Co. Ltd. Transportation 3,110 8.17 1.11 (b) Privately Placed / Unlisted Bharat Heavy Electricals Ltd. Industrial Capital Goods 31,507 649.31 2.43 Wipro Ltd. Software 1,646 7.87 1.07 Tata Sons Ltd. LAAA 40 399.32 2.56 Bharat Electronics Ltd. Industrial Capital Goods 25,696 431.37 1.61 Idea Cellular Ltd. Telecom - Services 10,687 7.21 0.98 Total 399.32 2.56 Power Grid Corporation of India Ltd. Power 404,803 412.09 1.54 Steel Authority of India Ltd. Ferrous Metals 4,118 6.99 0.95 Crompton Greaves Ltd. Industrial Capital Goods 141,329 385.76 1.44 Tata Steel Ltd. Ferrous Metals 1,024 6.35 0.86 (c) Securitised Debt Instruments State Bank of India Banks 13,817 382.44 1.43 Bharat Petroleum Corp. Ltd. Petroleum Products 981 6.00 0.82 IRS Trust Series IV Vodafone Essar South Limited P1+(SO) 5 498.90 3.20 NTPC Ltd. Power 196,918 380.05 1.42 Yes Bank Ltd. Banks 1,826 5.66 0.77 Total 498.90 3.20 Oil & Natural Gas Corp. Ltd. Oil 130,824 379.52 1.42 Eicher Motors Ltd. Auto 408 5.44 0.74 Hindustan Unilever Ltd. Diversified 131,533 374.34 1.40 IndusInd Bank Ltd. Banks 2,064 5.44 0.74 Money Market Instruments Mahindra & Mahindra Ltd. Auto 53,584 374.34 1.40 Sterlite Industries (India) Ltd. Non - Ferrous Metals 2,992 5.19 0.71 Commercial Paper Punjab National Bank Ltd. Banks 30,503 372.18 1.39 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 315 5.16 0.70 Tata Teleservices Ltd P1+ 540 2,617.91 16.79 Coal India Ltd. Minerals/Mining 1,479 5.13 0.70 Asian Paints Ltd. Consumer Non Durables 14,540 367.42 1.37 Total 2,617.91 16.79 India Cements Ltd. Cement 5,336 5.10 0.69 GAIL India Ltd. Gas 67,957 316.00 1.18 Orient Paper & Industries Ltd. Cement 8,313 4.63 0.63 Totals 14,851.92 95.23 Wipro Ltd. Software 60,620 289.95 1.08 Patni Computer Systems Ltd. Software 910 4.34 0.59 Idea Cellular Ltd. Telecom - Services 352,518 237.95 0.89 IBN18 Broadcast Ltd. Media & Entertainment 4,646 4.33 0.59 Call, Cash & Other Assets 744.52 4.77 Tata Steel Ltd. Ferrous Metals 37,812 234.62 0.88 Torrent Power Ltd. Power 1,575 3.93 0.53 IBN18 Broadcast Ltd. Media & Entertainment 233,324 217.46 0.81 GVK Power & Infrastructures Ltd. Power 11,828 3.07 0.42 Net Assets 15,596.44 100.00 Yes Bank Ltd. Banks 68,691 212.87 0.80 Television Eighteen India Ltd. Media & Entertainment 2,703 2.10 0.29 Eicher Motors Ltd. Auto 15,878 211.67 0.79 Taj GVK Hotels & Resorts Ltd. Hotels 2,126 1.98 0.27 Note: IndusInd Bank Ltd. Banks 78,171 206.14 0.77 Torrent Pharmaceuticals Ltd. Pharmaceuticals 161 0.94 0.13 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Amara Raja Batteries Ltd. Auto Ancillaries 200 0.39 0.05 Bharat Petroleum Corp. Ltd. Petroleum Products 32,259 197.20 0.74 NAV as on 30-Sep-2010 Total 510.05 69.40 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 11,843 194.05 0.73 Annual Dividend Option (`) 12.7507 Sterlite Industries (India) Ltd. Non - Ferrous Metals 110,952 192.39 0.72 Growth Option (`) 14.8435 Debt Instruments Rating Coal India Ltd. Minerals/Mining 54,382 188.76 0.71 (a) Listed / awaiting listing on Stock Exchanges India Cements Ltd. Cement 196,830 188.17 0.70 NAV as on 31-Mar-2011 Non - Traded / Thinly Traded Scrips Orient Paper & Industries Ltd. Cement 336,478 187.59 0.70 Annual Dividend Option (`) 11.9399 Housing Development Finance Corp. Ltd. AAA 4 39.80 5.42 Patni Computer Systems Ltd. Software 37,399 178.49 0.67 Growth Option (`) 14.9517 Dr Reddy's Laboratories Ltd. LAA+ 1,890 0.09 0.01 Great Eastern Shipping Co. Ltd. Transportation 65,907 173.20 0.65 Total 39.89 5.43 Steel Authority of India Ltd. Ferrous Metals 100,642 170.84 0.64 b) Dividends declared during the Half - year ended March 31, 2011: Torrent Power Ltd. Power 60,514 151.01 0.56 Traded Scripts National Housing Bank AAA 8 76.98 10.47 Dividend per unit GVK Power & Infrastructures Ltd. Power 414,198 107.48 0.40 Total 76.98 10.47 Plan Name Television Eighteen India Ltd. Media & Entertainment 137,440 106.58 0.40 Individuals/HUF Others Taj GVK Hotels & Resorts Ltd. Hotels 99,657 92.53 0.35 Money Market Instruments Torrent Pharmaceuticals Ltd. Pharmaceuticals 6,271 36.28 0.14 Annual Dividend Option 0.7906 0.7368 Certificate of Deposit Amara Raja Batteries Ltd. Auto Ancillaries 7,494 14.18 0.05 State Bank Of Hyderabad P1+ 75 73.25 9.97 c) Average Maturity as on March 31, 2011 0.20 Years Total 18,988.84 70.98 Total 73.25 9.97

Totals 700.17 95.27 FRANKLIN TEMPLETON FIXED TENURE FUND-SERIES VIII 60 MONTHS PLAN - PLAN A (b) Unlisted** Globsyn Infotech Ltd. 46,956 3.04 0.01 Company Name Industry Classification Quantity Market Value % to Net Call, Cash & Other Assets 34.74 4.73 Globsyn Technologies Ltd. 270,000 0.03 0.00* (` in Lakhs) Assets Net Assets 734.91 100.00 Numero Uno International Ltd. 27,500 0.00 0.00* Equity & Equity Related Total 3.07 0.01 Note: (a) Listed/Awaiting listing on Stock Exchanges a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Infosys Technologies Ltd. Software 4,123 133.45 2.70 Debt Instruments Rating Bharti Airtel Ltd. Telecom - Services 30,332 108.44 2.19 (a) Listed / awaiting listing on Stock Exchanges NAV as on 30-Sep-2010 ICICI Bank Ltd. Banks 9,657 107.46 2.17 Non - Traded / Thinly Traded Scrips Dividend Option (`) 45.6820 Cummins India Ltd. Industrial Products 12,000 82.15 1.66 Indian Railway Finance Corporation AAA 60 596.14 2.23 Growth Option (`) 45.6820 Reliance Industries Ltd. Petroleum Products 7,766 81.37 1.64 Power Grid Corp. of India AAA 40 593.76 2.22 Kotak Mahindra Bank Ltd. Banks 17,192 78.54 1.59 Rural Electrification Corp. Ltd. AAA 70 292.16 1.09 NAV as on 31-Mar-2011 HDFC Bank Ltd. Banks 2,492 58.39 1.18 Power Finance Corp. Ltd. AAA 25 249.18 0.93 ` Dividend Option ( ) 44.6292 Marico Ltd. Consumer Non Durables 40,488 56.18 1.13 Dr Reddy's Laboratories Ltd. LAA+ 71,058 3.55 0.01 ` Growth Option ( ) 44.6292 Grasim Industries Ltd. Cement 2,190 53.90 1.09 Total 1,734.79 6.48 Bharat Heavy Electricals Ltd. Industrial Capital Goods 2,168 44.68 0.90 b) Dividends declared during the Half - year ended March 31, 2011: NIL Bharat Electronics Ltd. Industrial Capital Goods 2,364 39.69 0.80 Money Market Instruments Power Grid Corporation of India Ltd. Power 30,681 31.23 0.63 Certificate of Deposit c) Average Maturity as on March 31, 2011: 0.99 years Hindustan Unilever Ltd. Diversified 10,295 29.30 0.59 Bank Of India P1+ 2,500 2,400.75 8.97 Asian Paints Ltd. Consumer Non Durables 1,151 29.09 0.59 State Bank Of Bikaner And Jaipur P1+ 2,500 2,342.40 8.75 FRANKLIN TEMPLETON FIXED TENURE FUND- SERIES IV - 60 MONTHS PLAN Corporation Bank Ltd P1+ 1,500 1,378.17 5.15 (AS AT MARCH 03, 2011) Mahindra & Mahindra Ltd. Auto 4,158 29.05 0.59 Crompton Greaves Ltd. Industrial Capital Goods 10,419 28.44 0.57 State Bank of Travancore P1+ 200 191.96 0.72 Company Name Industry Classification Quantity Market Value % to Net State Bank of India Banks 1,023 28.32 0.57 Total 6,313.28 23.59 ` ( in Lakhs) Assets Punjab National Bank Ltd. Banks 2,296 28.01 0.57 Totals 27,039.98 101.05 Call, Cash & Other Assets 8,557.18 100.00 Oil & Natural Gas Corp. Ltd. Oil 9,544 27.69 0.56

Net Assets 8,557.18 100.00 NTPC Ltd. Power 14,249 27.50 0.56 GAIL India Ltd. Gas 5,006 23.28 0.47 Call, Cash & Other Assets (275.39) (1.05)

Note: Wipro Ltd. Software 4,804 22.98 0.46 Net Assets 26,764.59 100.00 a) NAV at the beginning of the Half-year and at the maturity date i.e. March 03, 2011 Tata Steel Ltd. Ferrous Metals 3,042 18.88 0.38 IBN18 Broadcast Ltd. Media & Entertainment 19,388 18.07 0.37 *Less than 0.01% NAV as on 30-Sep-2010 Idea Cellular Ltd. Telecom - Services 25,281 17.06 0.34 Annual Dividend Option (`) 12.0386 Yes Bank Ltd. Banks 5,381 16.68 0.34 Note: a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Growth Option (`) 15.1990 Eicher Motors Ltd. Auto 1,190 15.86 0.32 IndusInd Bank Ltd. Banks 5,924 15.62 0.32 NAV as on 30-Sep-2010 NAV as on 03-Mar-2011 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 941 15.42 0.31 Dividend Plan (`) 21.7033 Annual Dividend Option (`) 10.0000 India Cements Ltd. Cement 15,841 15.14 0.31 Growth Plan (`) 50.5764 Growth Option (`) 14.8951 Coal India Ltd. Minerals/Mining 4,308 14.95 0.30 Bharat Petroleum Corp. Ltd. Petroleum Products 2,402 14.68 0.30 NAV as on 31-Mar-2011 b) Dividends declared during the Half - year ended March 31, 2011: ` Orient Paper & Industries Ltd. Cement 25,146 14.02 0.28 Dividend Plan ( ) 21.1961 Growth Plan (`) 49.3944 Dividend per unit Television Eighteen India Ltd. Media & Entertainment 17,709 13.73 0.28 Plan Name Sterlite Industries (India) Ltd. Non - Ferrous Metals 7,852 13.62 0.28 b) Dividends declared during the Half - year ended March 31, 2011: NIL Individuals/HUF Others Patni Computer Systems Ltd. Software 2,755 13.15 0.27

Annual Dividend Option 1.5793 1.4719 Steel Authority of India Ltd. Ferrous Metals 7,627 12.95 0.26 c) Average Maturity as on March 31, 2011 0.94 Years Great Eastern Shipping Co. Ltd. Transportation 4,858 12.77 0.26 Torrent Power Ltd. Power 4,591 11.46 0.23 ` c) Average Maturity as on March 03, 2011: NIL d) ** Total value and percentage of illiquid securities 3.07 Lakhs and 0.0115% of net assets UNAUDITED HALF - YEARLY PORTFOLIO STATEMENT OF THE SCHEMES OF FRANKLIN TEMPLETON MUTUAL FUND AS ON MARCH 31, 2011

FT INDIA MONTHLY INCOME PLAN FRANKLIN TEMPLETON CAPITAL SAFETY FUND - 5 YEARS PLAN (Contd.) FRANKLIN TEMPLETON CAPITAL PROTECTION ORIENTED FUND - 5 YEAR PLAN (Contd.) Company Name Industry Classification Quantity Market Value % to Net Company Name Industry Classification Quantity Market Value % to Net (` in Lakhs) Assets (` in Lakhs) Assets Note: a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Equity & Equity Related Wipro Ltd. Software 23,331 111.59 0.31 (a) Listed/Awaiting listing on Stock Exchanges Tata Steel Ltd. Ferrous Metals 14,833 92.04 0.26 NAV as on 30-Sep-2010 ` Bharti Airtel Ltd. Telecom - Services 197,639 706.56 1.67 IBN18 Broadcast Ltd. Media & Entertainment 91,211 85.01 0.24 Annual Dividend Option ( ) 12.3049 ` ICICI Bank Ltd. Banks 61,778 687.43 1.62 Idea Cellular Ltd. Telecom - Services 125,452 84.68 0.24 Growth Option ( ) 13.5057 Infosys Technologies Ltd. Software 20,101 650.62 1.53 Yes Bank Ltd. Banks 26,184 81.14 0.23 NAV as on 31-Mar-2011 Reliance Industries Ltd. Petroleum Products 50,409 528.19 1.25 IndusInd Bank Ltd. Banks 28,595 75.41 0.21 Annual Dividend Option (`) 12.3836 Kotak Mahindra Bank Ltd. Banks 100,744 460.25 1.09 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 4,594 75.27 0.21 Growth Option (`) 13.5921 Grasim Industries Ltd. Cement 15,484 381.10 0.90 Eicher Motors Ltd. Auto 5,645 75.25 0.21 HDFC Bank Ltd. Banks 15,806 370.33 0.87 India Cements Ltd. Cement 77,218 73.82 0.21 b) Dividends declared during the Half - year ended March 31, 2011: NIL Cummins India Ltd. Industrial Products 46,000 314.89 0.74 Bharat Petroleum Corp. Ltd. Petroleum Products 11,973 73.19 0.20 Marico Ltd. Consumer Non Durables 210,776 292.45 0.69 Coal India Ltd. Minerals/Mining 20,915 72.60 0.20 c) Average Maturity as on March 31, 2011 0.94 Years Bharat Heavy Electricals Ltd. Industrial Capital Goods 12,338 254.27 0.60 Orient Paper & Industries Ltd. Cement 127,025 70.82 0.20 TEMPLETON INDIA CASH MANAGEMENT ACCOUNT Oil & Natural Gas Corp. Ltd. Oil 67,900 196.98 0.46 Sterlite Industries (India) Ltd. Non - Ferrous Metals 38,952 67.54 0.19 Power Grid Corporation of India Ltd. Power 190,803 194.24 0.46 Patni Computer Systems Ltd. Software 13,917 66.42 0.18 Company Name Rating Quantity Market Value % to Net Crompton Greaves Ltd. Industrial Capital Goods 67,012 182.91 0.43 Great Eastern Shipping Co. Ltd. Transportation 24,459 64.28 0.18 (` in Lakhs) Assets State Bank of India Banks 6,544 181.13 0.43 Television Eighteen India Ltd. Media & Entertainment 81,154 62.93 0.17 Punjab National Bank Ltd. Banks 14,792 180.48 0.43 Steel Authority of India Ltd. Ferrous Metals 36,815 62.49 0.17 Debt Instruments Mahindra & Mahindra Ltd. Auto 25,233 176.28 0.42 Torrent Power Ltd. Power 21,763 54.31 0.15 Listed / awaiting listing on Stock Exchanges Asian Paints Ltd. Consumer Non Durables 6,967 176.05 0.42 (a) Non - Traded / Thinly Traded Scrips GVK Power & Infrastructures Ltd. Power 147,199 38.20 0.11 Hindustan Unilever Ltd. Diversified 61,196 174.16 0.41 ICICI Bank Ltd LAAA 250 2,496.66 6.00 Taj GVK Hotels & Resorts Ltd. Hotels 33,756 31.34 0.09 NTPC Ltd. Power 84,206 162.52 0.38 Total 2,496.66 6.00 Torrent Pharmaceuticals Ltd. Pharmaceuticals 2,231 12.91 0.04 Bharat Electronics Ltd. Industrial Capital Goods 9,372 157.33 0.37 Amara Raja Batteries Ltd. Auto Ancillaries 2,857 5.41 0.02 GAIL India Ltd. Gas 32,098 149.26 0.35 Money Market Instruments Total 6,833.09 19.06 Wipro Ltd. Software 27,771 132.83 0.31 Commercial Paper Sterlite Industries (India) Ltd. Non - Ferrous Metals 66,436 115.20 0.27 Edelweiss Capital Ltd P1+ 800 3,955.24 9.51 Debt Instruments Rating Total 3,955.24 9.51 Tata Steel Ltd. Ferrous Metals 17,830 110.64 0.26 (a) Listed / awaiting listing on Stock Exchanges Eicher Motors Ltd. Auto 7,645 101.92 0.24 Non - Traded / Thinly Traded Scrips Certificate of Deposit Idea Cellular Ltd. Telecom - Services 150,324 101.47 0.24 Infrastructure Development Finance Co. Ltd. LAA+ 447 4,436.26 12.33 United Bank Of India PR1+ 5,400 5,392.38 12.96 Yes Bank Ltd. Banks 31,954 99.03 0.23 Housing Development Finance Corp. Ltd. AAA 430 4,278.14 11.89 State Bank Of Mysore P1+ 5,000 4,956.84 11.91 IndusInd Bank Ltd. Banks 36,803 97.05 0.23 Power Finance Corporation Ltd. AAA 410 4,086.54 11.36 State Bank Of Hyderabad A1+ 5,000 4,955.59 11.91 Bharat Petroleum Corp. Ltd. Petroleum Products 15,377 94.00 0.22 Allahabad Bank A1+ 5,000 4,881.55 11.73 Indian Railway Finance Corporation AAA 403 4,016.16 11.17 IBN18 Broadcast Ltd. Media & Entertainment 99,662 92.88 0.22 Bank Of India PR1+ 3,000 2,981.70 7.17 Export Import Bank of India AAA 418 3,973.55 11.05 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 5,636 92.35 0.22 State Bank Of India P1+ 1,100 1,091.25 2.62 Orient Paper & Industries Ltd. Cement 161,416 89.99 0.21 Konkan Railway Corp. Ltd. AAA (SO) 250 2,491.60 6.93 Punjab National Bank PR1+ 200 198.14 0.48 India Cements Ltd. Cement 92,815 88.73 0.21 LIC Housing Finance Ltd. AAA 150 1,489.79 4.14 Total 24,457.45 58.78 Coal India Ltd. Minerals/Mining 24,912 86.47 0.20 Rural Electrification Corporation Ltd. AAA 100 1,003.33 2.79 Patni Computer Systems Ltd. Software 17,786 84.88 0.20 NTPC Ltd. AAA 143 287.08 0.80 Fixed Deposit Great Eastern Shipping Co. Ltd. Transportation 31,236 82.09 0.19 Dr Reddy's Laboratories Ltd. LAA+ 27,564 1.38 0.00* Standard Chartered Bank 3,900.00 9.37 Steel Authority of India Ltd. Ferrous Metals 47,382 80.43 0.19 Total 26,063.83 72.46 Total 3,900.00 9.37

Torrent Power Ltd. Power 29,236 72.96 0.17 Totals 34,809.35 83.66 Television Eighteen India Ltd. Media & Entertainment 74,685 57.92 0.14 Money Market Instruments Certificate of Deposit GVK Power & Infrastructures Ltd. Power 197,526 51.26 0.12 Call, Cash & Other Assets 6,794.40 16.34 State Bank of Travancore P1+ 1,500 1,439.69 4.00 Taj GVK Hotels & Resorts Ltd. Hotels 36,981 34.34 0.08 Punjab National Bank PR1+ 500 495.38 1.38 Torrent Pharmaceuticals Ltd. Pharmaceuticals 3,024 17.48 0.04 Net Assets 41,603.75 100.00 Amara Raja Batteries Ltd. Auto Ancillaries 3,486 6.58 0.02 Total 1,935.07 5.38 Total 8,367.93 19.73 Note: Totals 34,831.99 96.90 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Debt Instruments Rating NAV as on 30-Sep-2010 (a) Listed / awaiting listing on Stock Exchanges Call, Cash & Other Assets 1,136.33 3.10 Dividend Plan (`) 10.0000 Non - Traded / Thinly Traded Scrips Growth Plan (`) 16.1805 ICICI Bank LAAA 300 2,995.99 7.07 Net Assets 35,968.32 100.00 LIC Housing Finance Ltd. AAA 60 1,034.43 2.44 NAV as on 31-Mar-2011 Tata Steel Ltd. AA (IND) 100 1,000.08 2.36 *Less than 0.01% Dividend Plan (`) 10.0002 NABARD AAA 90 885.08 2.09 Note: Growth Plan (`) 16.6503 Bharat Petroleum Corporation Ltd. AAA 50 488.91 1.15 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Indian Oil Corp Ltd AAA 50 486.26 1.15 b) Aggregate Dividends declared during the Half - year ended March 31, 2011 : NAV as on 30-Sep-2010 Power Finance Corp. Ltd. AAA 35 350.25 0.83 Annual Dividend Option (`) 12.1333 Plan Name Dividend per unit Export Import Bank of India AAA 20,010 303.37 0.72 Growth Option (`) 13.4478 Housing Development Finance Corp. Ltd. AAA 15 149.46 0.35 Dividend Plan 0.2241 Infrastructure Development Finance Co. Ltd. LAA+ 5 50.20 0.12 NAV as on 31-Mar-2011 Rural Electrification Corp. Ltd. AAA 5 48.68 0.11 c) Average Maturity as on March 31, 2011 0.08 Years Annual Dividend Option (`) 12.2664 Dr Reddy's Laboratories Ltd. LAA+ 33,816 1.69 0.00* Growth Option (`) 13.5953 Total 7,794.40 18.39 TEMPLETON INDIA TREASURY MANAGEMENT ACCOUNT Company Name Rating Quantity Market Value % to Net (b) Securitised Debt Instruments b) Dividends declared during the Half - year ended March 31, 2011: NIL (` in Lakhs) Assets ILSS 3 Trust 2011 A1 - Reliance Capital Ltd. LAAA (SO) 6 366.17 0.86 c) Average Maturity as on March 31, 2011 0.53 Years LST Trust Series XVII - ICICI Bank AAA (SO) 6 13.25 0.03 Debt Instruments Total 379.42 0.89 FRANKLIN TEMPLETON CAPITAL PROTECTION ORIENTED FUND - 5 YEAR PLAN (a) Securitised Debt Instruments IRST - SERIES VII Vodafone Essar South Ltd. P1+(SO) 115 8,636.41 5.93 Money Market Instruments Company Name Industry Classification Quantity Market Value % to Net Total 8,636.41 5.93 Certificate of Deposit (` in Lakhs) Assets State Bank Of Patiala P1+ 7,000 6,646.91 15.68 Money Market Instruments State Bank Of Bikaner And Jaipur P1+ 5,000 4,810.69 11.35 Equity & Equity Related Commercial Paper Bank Of India P1+ 5,000 4,652.55 10.98 (a) Listed/Awaiting listing on Stock Exchanges NABARD P1+ 2,000 9,798.66 6.73 Ltd P1+ 2,500 2,394.39 5.65 Infosys Technologies Ltd. Software 5,671 183.56 2.24 Reliance Capital Limited A1+ 800 3,913.79 2.69 Total 13,712.45 9.42 Oriental Bank Of Commerce P1+ 2,500 2,342.63 5.53 Bharti Airtel Ltd. Telecom - Services 33,488 119.72 1.46 Vijaya Bank Ltd PR1+ 1,500 1,495.87 3.53 ICICI Bank Ltd. Banks 10,534 117.22 1.43 Certificate of Deposit Central Bank Of India PR1+ 1,000 979.67 2.31 Reliance Industries Ltd. Petroleum Products 10,054 105.35 1.29 Vijaya Bank Ltd PR1+ 30,800 30,508.80 20.96 State Bank Of Travancore P1+ 200 191.95 0.45 Kotak Mahindra Bank Ltd. Banks 19,074 87.14 1.06 Corporation Bank Ltd P1+ 20,000 19,607.96 13.47 Total 23,514.66 55.48 Grasim Industries Ltd. Cement 2,833 69.73 0.85 State Bank Of Hyderabad A1+ 17,500 17,344.55 11.91 HDFC Bank Ltd. Banks 2,710 63.49 0.77 Punjab National Bank PR1+ 15,700 15,500.49 10.65 Commercial Paper Bharat Heavy Electricals Ltd. Industrial Capital Goods 2,908 59.93 0.73 Andhra Bank PR1+ 14,500 14,464.11 9.94 Trapti Trading And Investments Pvt Ltd A1+ 440 2,193.01 5.17 Cummins India Ltd. Industrial Products 8,600 58.87 0.72 Uco Bank Ltd P1+ 11,500 11,476.79 7.88 Total 2,193.01 5.17 Bharat Electronics Ltd. Industrial Capital Goods 3,015 50.61 0.62 State Bank Of Travancore A1+ 10,000 9,983.43 6.86 Canara Bank Ltd P1+ 7,500 7,469.46 5.13 Crompton Greaves Ltd. Industrial Capital Goods 14,729 40.20 0.49 Totals 42,249.42 99.66 Oriental Bank Of Commerce P1+ 2,500 2,477.73 1.70 NTPC Ltd. Power 19,076 36.82 0.45 Central Bank Of India PR1+ 2,500 2,449.18 1.68 Call, Cash & Other Assets 136.34 0.34 Oil & Natural Gas Corp. Ltd. Oil 12,372 35.89 0.44 Total 131,282.50 90.18 Power Grid Corporation of India Ltd. Power 33,872 34.48 0.42 Net Assets 42,385.76 100.00 Hindustan Unilever Ltd. Diversified 11,413 32.48 0.40 Fixed Deposit Asian Paints Ltd. Consumer Non Durables 1,282 32.40 0.40 Ltd 20,000.00 13.74 *Less than 0.01% Mahindra & Mahindra Ltd. Auto 4,606 32.18 0.39 Kotak Mahindra Bank Ltd 10,500.00 7.21 Note: 10,000.00 6.87 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 GAIL India Ltd. Gas 6,844 31.82 0.39 State Bank of India Banks 1,115 30.86 0.38 Yes Bank Ltd 7,500.00 5.15 Total 48,000.00 32.97 NAV as on 30-Sep-2010 Punjab National Bank Ltd. Banks 2,493 30.42 0.37 Quarterly Dividend Plan (`) 11.7240 Wipro Ltd. Software 5,314 25.42 0.31 Totals 201,631.36 138.50 Monthly Dividend Plan (`) 11.6492 Idea Cellular Ltd. Telecom - Services 34,077 23.00 0.28 Bonus Plan (`) 12.0031 IBN18 Broadcast Ltd. Media & Entertainment 24,492 22.83 0.28 Call, Cash & Other Assets (56,045.98) (38.50)

Growth Plan (`) 27.5988 Tata Steel Ltd. Ferrous Metals 3,621 22.47 0.27 Net Assets 145,585.38 100.00 Bharat Petroleum Corp. Ltd. Petroleum Products 3,257 19.91 0.24 NAV as on 31-Mar-2011 Orient Paper & Industries Ltd. Cement 34,557 19.27 0.24 Quarterly Dividend Plan (`) 11.5104 Yes Bank Ltd. Banks 5,966 18.49 0.23 Note: Monthly Dividend Plan (`) 11.5533 Sterlite Industries (India) Ltd. Non - Ferrous Metals 10,588 18.36 0.22 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 ` Bonus Plan ( ) 11.5780 Patni Computer Systems Ltd. Software 3,786 18.07 0.22 ` Growth Plan ( ) 27.9249 Great Eastern Shipping Co. Ltd. Transportation 6,653 17.48 0.21 NAV as on 30-Sep-2010 ` IndusInd Bank Ltd. Banks 6,540 17.25 0.21 Regular Plan - Growth Option ( ) 2320.6428 Regular Plan - Weekly Dividend Option (`) 1245.1389 b) Aggregate Dividends / Bonus declared during the Half-Year ended March 31, 2011 : Eicher Motors Ltd. Auto 1,291 17.21 0.21 Regular Plan - Daily Dividend Reinvestment Option (`) 1512.3400 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 1,046 17.14 0.21 Dividend per unit / Bonus Ratio per 1000 units Institutional Plan - Growth Option (`) 1473.0366 Plan Name India Cements Ltd. Cement 17,574 16.80 0.21 Institutional Plan - Weekly Dividend Option (`) 1055.4384 Individuals/HUF Others Television Eighteen India Ltd. Media & Entertainment 21,322 16.54 0.20 Institutional Plan - Daily Dividend Reinvestment Option (`) 1000.6730 Coal India Ltd. Minerals/Mining 4,762 16.53 0.20 Liquid Plan - Growth Option (`) 1414.8432 Monthly Dividend 0.2020 0.1883 Steel Authority of India Ltd. Ferrous Metals 8,420 14.29 0.17 ` Liquid Plan - Weekly Dividend Option ( ) 1001.2029 Quarterly Dividend 0.3074 0.2865 Torrent Power Ltd. Power 4,980 12.43 0.15 Liquid Plan - Daily Dividend Reinvestment Option (`) 1000.6730 Marico Ltd. Consumer Non Durables 7,995 11.09 0.14 Super Institutional Plan - Growth Option (`) 1403.4087 Bonus Plan 48 GVK Power & Infrastructures Ltd. Power 33,610 8.72 0.11 Super Institutional Plan - Weekly Dividend Option (`) 1021.8548 Super Institutional Plan - Daily Dividend Reinvestment Option (`) 1000.6730 c) Average Maturity as on March 31, 2011 0.53 Years Taj GVK Hotels & Resorts Ltd. Hotels 9,187 8.53 0.10 Torrent Pharmaceuticals Ltd. Pharmaceuticals 510 2.95 0.04 Amara Raja Batteries Ltd. Auto Ancillaries 652 1.22 0.01 NAV as on 31-Mar-2011 ` FRANKLIN TEMPLETON CAPITAL SAFETY FUND - 5 YEARS PLAN Total 1,619.17 19.76 Regular Plan - Growth Option ( ) 2403.8849 Regular Plan - Weekly Dividend Option (`) 1245.4670 Company Name Industry Classification Quantity Market Value % to Net Debt Instruments Rating Regular Plan - Daily Dividend Reinvestment Option (`) 1512.3400 (` in Lakhs) Assets (a) Listed / awaiting listing on Stock Exchanges Institutional Plan - Growth Option (`) 1527.7787

Non - Traded / Thinly Traded Scrips Institutional Plan - Weekly Dividend Option (`) 1055.7166 Equity & Equity Related ` Power Grid Corp. of India AAA 76 955.12 11.66 Institutional Plan - Daily Dividend Reinvestment Option ( ) 1000.6730 (a) Listed/Awaiting listing on Stock Exchanges ` NABARD AAA 95 954.64 11.65 Liquid Plan - Growth Option ( ) 1463.7687 Infosys Technologies Ltd. Software 20,842 674.60 1.88 ` Infrastructure Development Finance Corporation LAA+ 95 953.83 11.64 Liquid Plan - Weekly Dividend Option ( ) 1001.4667 Bharti Airtel Ltd. Telecom - Services 146,522 523.82 1.46 Liquid Plan - Daily Dividend Reinvestment Option (`) 1000.6730 Housing Development Finance Corp. Ltd. AAA 93 935.68 11.42 ICICI Bank Ltd. Banks 46,149 513.52 1.43 Super Institutional Plan - Growth Option (`) 1457.7409 Export Import Bank Of India AAA 90 841.80 10.27 Reliance Industries Ltd. Petroleum Products 36,978 387.46 1.08 Super Institutional Plan - Weekly Dividend Option (`) 1022.1241 Kotak Mahindra Bank Ltd. Banks 74,972 342.51 0.95 Rural Electrification Corporation Ltd. AAA 35 340.85 4.16 Super Institutional Plan - Daily Dividend Reinvestment Option (`) 1000.6730 Cummins India Ltd. Industrial Products 47,196 323.08 0.90 Dr Reddy's Laboratories Ltd. LAA+ 6,276 0.31 0.00* Grasim Industries Ltd. Cement 12,062 296.88 0.83 Total 4,982.23 60.80 b) Aggregate Dividends declared during the Half-Year ended March 31, 2011 :

HDFC Bank Ltd. Banks 11,839 277.38 0.77 (b) Privately Placed / Unlisted Marico Ltd. Consumer Non Durables 193,756 268.84 0.75 Plan Name Dividend per unit Tata Sons Ltd. LAAA 50 499.15 6.09 Bharat Heavy Electricals Ltd. Industrial Capital Goods 10,687 220.24 0.61 Total 499.15 6.09 Regular Plan - Weekly Dividend Option 34.1114 Bharat Electronics Ltd. Industrial Capital Goods 11,297 189.65 0.53 Power Grid Corporation of India Ltd. Power 148,088 150.75 0.42 Regular Plan - Daily Dividend Reinvestment Option 41.7477 Money Market Instruments Crompton Greaves Ltd. Industrial Capital Goods 54,214 147.98 0.41 Certificate of Deposit Liquid Plan - Weekly Dividend Option 26.4512 Hindustan Unilever Ltd. Diversified 50,087 142.55 0.40 State Bank of Travancore P1+ 600 575.88 7.03 Liquid Plan - Daily Dividend Reinvestment Option 26.6458 Asian Paints Ltd. Consumer Non Durables 5,625 142.14 0.40 Total 575.88 7.03 Mahindra & Mahindra Ltd. Auto 20,186 141.02 0.39 Institutional Plan - Weekly Dividend Option 29.9449 Totals 7,676.43 93.68 State Bank of India Banks 4,880 135.07 0.38 Institutional Plan - Daily Dividend Reinvestment Option 28.6003

NTPC Ltd. Power 69,949 135.00 0.38 Call, Cash & Other Assets 518.17 6.32 Super Institutional Plan - Weekly Dividend Option 30.1887 Oil & Natural Gas Corp. Ltd. Oil 46,168 133.93 0.37 Punjab National Bank Ltd. Banks 10,898 132.97 0.37 Net Assets 8,194.60 100.00 Super Institutional Plan - Daily Dividend Reinvestment Option 29.7731 GAIL India Ltd. Gas 25,172 117.05 0.33 *Less than 0.01% c) Average Maturity as on March 31, 2011 0.11 Years UNAUDITED HALF - YEARLY PORTFOLIO STATEMENT OF THE SCHEMES OF FRANKLIN TEMPLETON MUTUAL FUND AS ON MARCH 31, 2011

TEMPLETON INDIA SHORT-TERM INCOME PLAN TEMPLETON FLOATING RATE INCOME FUND (Contd.) TEMPLETON INDIA INCOME BUILDER ACCOUNT Company Name Rating Quantity Market Value % to Net Company Name Rating Quantity Market Value % to Net Company Name Rating Quantity Market Value % to Net (` in Lakhs) Assets (` in Lakhs) Assets (` in Lakhs) Assets

Debt Instruments Andhra Bank PR1+ 5,000 4,882.75 4.03 Debt Instruments (a) Listed / awaiting listing on Stock Exchanges Allahabad Bank A1+ 5,000 4,881.55 4.02 (a) Listed / awaiting listing on Stock Exchanges Non - Traded / Thinly Traded Scrips Canara Bank Ltd P1+ 2,500 2,496.38 2.06 Non - Traded / Thinly Traded Scrips Cholamandalam Investment And Finance Co Ltd LAA- 100 987.66 14.79 Reliance Utilities And Power Private Limited AAA (IND) 5,000 49,617.85 13.06 State Bank Of Patiala P1+ 2,500 2,491.29 2.05 Rural Electrification Corporation Ltd. AAA 45 438.24 6.56 Mundra Port Special Economic Zone Ltd LAA 2,750 26,775.48 7.05 Bank Of Baroda P1+ 2,500 2,442.47 2.01 State Bank Of Hyderabad P1+ 1,500 1,464.99 1.21 Power Grid Corporation of India Ltd. AAA 10 50.97 0.76 Reliance Capital Limited AAA 2,180 21,531.01 5.67 Jammu & Kashmir Bank Ltd P1+ 1,000 994.24 0.82 Total 1,476.87 22.11 ECL Finance Ltd AA- 2,100 20,392.96 5.37 IDBI Bank Ltd P1+ 50 49.68 0.04 Tata Motors Finance Ltd AA- 1,350 13,330.52 3.51 (b) Privately Placed / Unlisted Total 97,755.35 80.59 Kal Airways Pvt Ltd PR1+(SO) 70 697.10 10.44 PTC India Financial Services Ltd LA+ 1,000 9,901.20 2.61 Total 697.10 10.44 Kotak Mahindra Prime Ltd LAA 750 7,330.36 1.93 Fixed Deposit Lands End Properties Private Limited AA+(SO) 650 7,081.71 1.86 Union Bank Of India 7,500.00 6.18 (c) Securitised Debt Instruments Mundra Port Special Economic Zone Ltd AA(SO) 1,000 5,281.52 1.39 Yes Bank Ltd 2,500.00 2.06 ILSS 5 TRUST 2011 Cholamandalam Cholamandalam DBS Finance Ltd LAA- 20 197.53 0.05 Total 10,000.00 8.24 DBS Finance LAP PO LAAA (SO) 10 739.11 11.07 Total 161,440.14 42.50 IRST - SERIES VII Vodafone Essar South Ltd P1+(SO) 7 525.69 7.87 Totals 134,109.16 110.56 Total 1,264.80 18.94 (b) Privately Placed / Unlisted Kal Airways Pvt Ltd PR1+(SO) 1,750 17,427.57 4.59 Call, Cash & Other Assets (12,822.25) (10.56) Money Market Instruments Commercial Paper Gitanjali Trading and Investments Pvt. Ltd. AAA(SO) 65 6,458.86 1.70 Net Assets 121,286.91 100.00 Reliance Mediaworks Ltd A1+ 400 1,954.14 29.26 Limited AA 100 1,130.25 0.30 JM Financial Products Pvt Ltd P1+ 200 933.38 13.97 Total 25,016.68 6.59 Note: Total 2,887.52 43.23 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 (c) Securitised Debt Instruments Certificate of Deposit CLSS 11 TRUST 2011 - Tata Teleservices Ltd. A+ (SO) 150 15,239.39 4.01 Central Bank Of India PR1+ 200 195.93 2.93 NAV as on 30-Sep-2010 Total 195.93 2.93 CLSS 12 TRUST 2011 -Tata Teleservices Ltd. A+ (SO) 150 15,239.39 4.01 Retail Plan - Growth Option (`)# 17.2847 ILSS Trust 2011 SR. A2 -RCFPL LAAA (SO) 159 14,666.69 3.86 Retail Plan - Dividend Option (`)# 10.7641 Totals 6,522.22 97.65 ILSS 6 TRUST 2010 SR. A13 ABS ` Institutional Plan - Growth Option ( )# 14.3544 Call, Cash & Other Assets 156.93 2.35 -Reliance Capital Ltd LAAA (SO) 274 12,567.54 3.31 Institutional Plan - Dividend Option (`)# 10.3450 CLSS 8 TRUST 2011 -Tata Teleservices Ltd. A+ (SO) 100 10,220.99 2.69 Super Institutional Plan - Growth Option (`)# 12.9794 Net Assets 6,679.15 100.00 CLSS 9 TRUST 2011 -Tata Teleservices Ltd. A+ (SO) 100 10,220.99 2.69 Super Institutional Plan - Daily Dividend Option (`)# 10.0206 Note: CLSS 13 TRUST 2011 -Tata Teleservices Ltd. A+ (SO) 100 10,159.59 2.67 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 CLSS 6 TRUST 2010 -Tata Teleservices Ltd. A+ (SO) 100 10,162.14 2.67 NAV as on 31-Mar-2011 PIIL Loan Participation TRUST SR.77 2B ` Retail Plan - Growth Option ( ) 17.9185 NAV as on 30-Sep-2010 ` -Pipeline Infrastructure (India) Private Limited AAA (SO) 121 9,418.06 2.48 Retail Plan - Dividend Option ( ) 10.8455 Annual Dividend Plan (`)# 11.0959 ILSS 3 TRUST 2011 A1 - RCFPL LAAA (SO) 110 6,713.08 1.77 Institutional Plan - Growth Option (`) 14.8993 Quarterly Dividend Plan (`)# 11.9472 ILSS 5 TRUST 2010 SR. A13 -Reliance Capital Ltd. LAAA (SO) 93 5,416.50 1.43 Institutional Plan - Dividend Option (`) 10.3524 Monthly Dividend Plan (`)# 11.8130 CLSS 5 TRUST 2010 -Tata Teleservices Ltd. A+ (SO) 50 5,047.93 1.33 Super Institutional Plan - Growth Option (`) 13.4989 Half-Yearly Dividend Plan (`)# 11.6575 ILSS 4 TRUST 2011 A1 Super Institutional Plan - Daily Dividend Option (`) 10.0186 Bonus Plan (`)# 16.0477 ` -Reliance Home Finace Private Ltd LAAA (SO) 66 4,926.27 1.30 . Growth Plan ( )# 31.3068 ILSS 4 TRUST A3 -Reliance Capital Ltd. LAAA (SO) 105 4,138.64 1.09 b) Aggregate Dividends declared during the Half-Year ended March 31, 2011: NAV as on 31-Mar-2011 ILSS 5 TRUST 2011-Cholamandalam Investment Annual Dividend Plan (`) 11.3713 and Finance Company Ltd. LAAA (SO) 50 3,695.54 0.97 Dividend per unit Quarterly Dividend Plan (`) 11.8902 Plan Name ILSS 7 TRUST 2010 SR. A3 Monthly Dividend Plan (`) 12.1061 -Cholamandalam DBS Finance Ltd AAA (SO) 83 3,514.25 0.92 Individuals/HUF Others Half-Yearly Dividend Plan (`) 11.5964 CLSS 7 TRUST 2010 A2 - North Delhi Power Limited LAA- 33 3,154.66 0.83 Bonus Plan (`) 15.5084 Retail Option - Dividend Option 0.2723 0.2538 ` LST Trust Series XX - Ltd. AAA (SO) 100 2,827.65 0.74 Growth Plan ( ) 32.0837 PIIL Loan Participation TRUST SR.77 2A Institutional Option - Dividend Option 0.3480 0.3244 b) Aggregate Dividends / Bonus declared during the Half-Year ended March 31, 2011: -Pipeline Infrastructure (India) Private Limited AAA (SO) 185 2,367.95 0.62 Super Institutional Option - Daily Dividend Option 0.3469 0.3233 CLSS 15 TRUST 2011 SR.A Dividend per unit / Bonus Ratio per 1000 units -North Delhi Power Limited LAA- 20 1,978.65 0.52 c) Average Maturity as on March 31, 2011 0.16 Years Plan Name AST -Mix Pool A-Jan2008 Individuals/HUF Others -Tata Motors Finance Ltd AAA (SO) 70 1,774.46 0.47 TEMPLETON INDIA ULTRA-SHORT BOND FUND LST SR 9B - Power Grid Corp. of India AAA (SO) 85 1,666.47 0.44 Company Name Rating Quantity Market Value % to Net Quarterly Dividend Plan 0.3074 0.2865 LST Trust SR XVII - Reliance Industries Ltd AAA (SO) 21 46.38 0.01 (` in Lakhs) Assets Half Yearly Dividend Plan 0.3074 0.2865 Total 155,163.21 40.83 Debt Instruments Bonus Plan 59 Money Market Instruments (a) Listed / awaiting listing on Stock Exchanges Certificate of Deposit c) Average Maturity as on March 31, 2011: 0.43 Years Non - Traded / Thinly Traded Scrips United Bank of India PR1+ 4,800 4,795.19 1.26 Tata Steel Ltd AA (IND) 70 699.51 0.37 TEMPLETON INDIA GOVERNMENT SECURITIES FUND - COMPOSITE/PF PLAN Vijaya Bank PR1+ 3,000 2,984.78 0.79 Tata Motors Finance Ltd AA- 50 499.00 0.27 Oriental Bank Of Commerce P1+ 3,000 2,773.67 0.73 Company Name Rating Quantity Market Value % to Net Total 1,198.51 0.64 Bank Of India P1+ 3,000 2,750.81 0.72 (` in Lakhs) Assets

State Bank Of Mysore P1+ 2,500 2,346.54 0.62 Government Securities Total 15,650.99 4.12 (b) Securitised Debt Instruments IRST - SERIES VII Vodafone Essar South Ltd P1+(SO) 175 13,142.36 6.99 8.08% GOI 2022 SOVEREIGN 1,000,000 999.48 9.72 Total 999.48 9.72 Commercial Paper ILSS 2 TRUST 2011 SR. A2 - RCFPL LAAA (SO) 80 1,898.85 1.01 Tata Teleservices Ltd P1+ 1,640 7,950.68 2.09 CLSS 5 TRUST 2010 -Tata Teleservices Ltd. A+ (SO) 5 504.79 0.27 Call, Cash & Other Assets 9,280.30 90.28 Reliance Mediaworks Ltd A1+ 800 3,908.29 1.03 LST Trust SR. XVII - Reliance Industries Ltd AAA (SO) 8 17.68 0.01 Net Assets 10,279.78 100.00 Total 11,858.97 3.12 Total 15,563.68 8.28 Note: Totals 369,129.99 97.16 Money Market Instruments a) NAV at the beginning and at the end of the Half-year ended March 31, 2011

Commercial Paper NAV as on 30-Sep-2010 Call, Cash & Other Assets 10,871.37 2.84 Tata Teleservices Ltd P1+ 4,080 20,014.92 10.65 Composite Plan Growth Option (`)# 32.5899 Reliance Capital Limited A1+ 3,000 14,408.75 7.67 Composite Plan Dividend Option (`)# 10.2000 Net Assets 380,001.36 100.00 Reliance Mediaworks Ltd A1+ 1,000 4,885.36 2.60 PF Plan Growth Option (`)# 14.3143 Ecl Finance Ltd P1+ 1,000 4,880.36 2.60 PF Plan Dividend Option (`)# 14.3143 Note: Edelweiss Capital Ltd P1+ 600 2,966.42 1.58 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 NAV as on 31-Mar-2011 Total 47,155.81 25.10 Composite Plan Growth Option (`) 33.4331 NAV as on 30-Sep-2010 Composite Plan Dividend Option (`) 14.6847 Retail Plan Growth Option (`)# 1,900.9979 Certificate of Deposit PF Plan Growth Option (`) 14.6847 ` Retail Plan Monthly Dividend Option ( )# 1,126.8871 Punjab National Bank PR1+ 33,100 32,606.34 17.35 PF Plan Dividend Option (`) 10.2630 ` Retail Plan Quarterly Dividend Option ( )# 1,090.4014 United Bank Of India PR1+ 15,500 15,450.28 8.22 Retail Plan Weekly Dividend Option (`)# 1,077.1602 b) Aggregate Dividends declared during the Half-Year ended March 31, 2011: Central Bank Of India PR1+ 14,800 14,632.56 7.79 Retail Plan Bonus Option (`)# 1,109.0559 Institutional Plan Weekly Dividend Option (`)# 1,014.0946 Oriental Bank Of Commerce P1+ 10,000 9,910.91 5.27 Dividend per unit Institutional Plan Monthly Dividend Option (`)# 1,160.9099 Canara Bank P1+ 10,000 9,821.08 5.23 Plan Name Institutional Plan Growth Option (`)# 1,526.2571 HDFC Bank PR1+ 10,000 9,807.19 5.22 Individuals/HUF Others Jammu & Kashmir Bank P1+ 8,000 7,953.91 4.23 NAV as on 31-Mar-2011 State Bank Of India P1+ 5,000 4,960.25 2.64 Composite Plan Dividend Option 0.1757 0.1637 ` Retail Plan Growth Option ( ) 1,953.5161 Andhra Bank PR1+ 5,000 4,882.75 2.60 c) Average Maturity as on March 31, 2011 1.11 Years ` Retail Plan Monthly Dividend Option ( ) 1,131.7933 IDBI Bank Ltd P1+ 2,200 2,186.14 1.16 ` Retail Plan Quarterly Dividend Option ( ) 1,101.3524 Total 112,211.41 59.71 Retail Plan Weekly Dividend Option (`) 1,078.2796 TEMPLETON INDIA GOVERNMENT SECURITIES FUND - TREASURY PLAN ` Retail Plan Bonus Option ( ) 1,120.5070 Company Name Rating Quantity Market Value % to Net ` Fixed Deposit Institutional Plan Weekly Dividend Option ( ) 1,015.2362 (` in Lakhs) Assets Institutional Plan Monthly Dividend Option (`) 1,164.8764 Yes Bank 10,000.00 5.32 Institutional Plan Growth Option (`) 1,570.0906 Union Bank Of India 7,500.00 3.99 Treasury Bills Total 17,500.00 9.31 T BILL 364 DAY 2011 SOVEREIGN 5,000,000 4,915.45 53.61 b) Aggregate Dividends / Bonus declared during the Half-Year ended March 31, 2011 : Total 4,915.45 53.61 Totals 193,629.41 103.04 Totals 4,915.45 53.61 Dividend per unit / Bonus Ratio per 1000 units Plan Name Call, Cash & Other Assets (5,673.32) (3.04) Call, Cash & Other Assets 4,252.83 46.39 Individuals/HUF Others Net Assets 9,168.28 100.00 Retail Plan Weekly Dividend Option 28.2523 26.3315 Net Assets 187,956.09 100.00 Note: Retail Plan Monthly Dividend Option 22.7511 21.2043 Note: a) NAV at the beginning and at the end of the Half-year ended March 31, 2011

Retail Plan Quarterly Dividend Option 16.6900 15.5553 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 NAV as on 30-Sep-2010 Institutional Plan Weekly Dividend Option 27.4975 25.6280 Dividend Option (`)# 10.3999 NAV as on 30-Sep-2010 Growth Option (`)# 16.5455 Institutional Plan Monthly Dividend Option 25.4742 23.7423 ` Retail Plan Growth Option ( )# 12.0467 Retail Plan Bonus Option 20 Retail Plan Daily Dividend Option (`)# 10.0124 NAV as on 31-Mar-2011 ` Retail Plan Weekly Dividend Option (`)# 10.0210 Dividend Option ( ) 10.5650 ` c) Average Maturity as on March 31, 2011: 0.79 Years Institutional Plan Growth Option (`)# 12.1142 Growth Option ( ) 16.9683 Institutional Plan Daily Dividend Option (`)# 10.0129 b) Aggregate Dividends declared during the Half-Year ended March 31, 2011: TEMPLETON FLOATING RATE INCOME FUND Institutional Weekly Plan Dividend Option (`)# 10.2025 Company Name Rating Quantity Market Value % to Net Super Institutional Plan Growth Option (`)# 12.1818 Dividend per unit (` in Lakhs) Assets Super Institutional Plan Daily Dividend Option (`)# 10.0135 Plan Name Individuals/HUF Others Super Institutional Plan Weekly Dividend Option (`)# 10.1017

Debt Instruments Treasury Plan Dividend Option 0.0878 0.0819 (a) Privately Placed / Unlisted NAV as on 31-Mar-2011 Turquoise Investments & Finance Pvt Ltd P1+ 20 1,991.15 1.65 c) Average Maturity as on March 31, 2011 0.14 Years Retail Plan Growth Option (`) 12.5060 Trapti Trading And Investments Pvt Ltd A1+ 20 1,990.72 1.64 Retail Plan Daily Dividend Option (`) 10.0106 Total 3,981.87 3.29 ` TEMPLETON INDIA GOVERNMENT SECURITIES FUND - LONG TERM PLAN Retail Plan Weekly Dividend Option ( ) 10.0295 ` (b) Securitised Debt Instruments Institutional Plan Growth Option ( ) 12.5886 Company Name Rating Quantity Market Value % to Net Institutional Plan Daily Dividend Option (`) 10.0111 (` in Lakhs) Assets IRST - SERIES VII Vodafone Essar South Ltd P1+(SO) 62 4,656.15 3.84 Institutional Weekly Plan Dividend Option (`) 10.2103 ILSS 1 TRUST 2011 A1 - RCFPL A1+(SO) 107 752.21 0.62 Government Securities ` Credit Asset Trust SR XLVII A1(IO) Super Institutional Plan Growth Option ( ) 12.6654 8.08% GOI 2022 SOVEREIGN 1,500,000 1,499.21 27.00 ` IBM India Pvt Ltd AAA (IND) (SO) 12 112.15 0.09 Super Institutional Plan Daily Dividend Option ( ) 10.0116 Total 1,499.21 27.00 Total 5,520.51 4.55 Super Institutional Plan Weekly Dividend Option (`) 10.1082 Call, Cash & Other Assets 4,052.60 73.00 Money Market Instruments b) Aggregate Dividends declared during the Half - year ended March 31, 2011: Commercial Paper Net Assets 5,551.81 100.00 Reliance Capital Limited A1+ 3,000 14,408.75 11.88 Dividend per unit Reliance Mediaworks Ltd A1+ 500 2,442.68 2.01 Plan Name Note: Total 16,851.43 13.89 Individuals/HUF Others a) NAV at the beginning and at the end of the Half-year ended March 31, 2011

Certificate of Deposit Retail Plan Daily Dividend Option 0.3306 0.3081 NAV as on 30-Sep-2010 Punjab National Bank PR1+ 25,500 25,098.28 20.69 Growth Option (`)# 22.7854 State Bank Of India P1+ 13,900 13,789.50 11.37 Retail Plan Weekly Dividend Option 0.3336 0.3109 Quarterly Dividend Option (`)# 10.2278 ` State Bank Of Travancore A1+ 12,500 12,468.36 10.28 Institutional Plan Daily Dividend Option 0.3394 0.3164 Bonus Option ( )# 10.4487 Vijaya Bank Ltd PR1+ 7,500 7,472.04 6.16 Bank Of India PR1+ 7,000 6,957.29 5.74 Institutional Weekly Plan Dividend Option 0.3498 0.3260 NAV as on 31-Mar-2011 Hdfc Bank Ltd PR1+ 7,000 6,865.03 5.66 Growth Option (`) 23.3403 Super Institutional Plan Daily Dividend Option 0.3441 0.3207 ` Central Bank Of India PR1+ 5,500 5,401.50 4.45 Quarterly Dividend Option ( ) 10.2762 Super Institutional Plan Weekly Dividend Option 0.3547 0.3306 Bonus Option (`) 10.3876

c) Average Maturity as on March 31, 2011 0.14 Years b) Aggregate Dividends declared during the Half - year ended March 31, 2011: UNAUDITED HALF - YEARLY PORTFOLIO STATEMENT OF THE SCHEMES OF FRANKLIN TEMPLETON MUTUAL FUND AS ON MARCH 31, 2011

TEMPLETON INDIA GOVERNMENT SECURITIES FUND - LONG TERM PLAN (Contd.) TEMPLETON INDIA INCOME OPPORTUNITIES FUND TEMPLETON INDIA GROWTH FUND (Contd.)

Company Name Rating Quantity Market Value % to Net Note: Dividend per unit/Bonus Ratio per 1000 units (` in Lakhs) Assets a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Plan Name Individuals/HUF Others Debt Instruments NAV as on 30-Sep-2010 ` (a) Listed / awaiting listing on Stock Exchanges Dividend Plan ( ) 61.1037 Quarterly Dividend Option 0.1757 0.1637 ` Non-Traded/Thinly Traded Scrips Growth Plan ( ) 129.8904 Bonus Option 30 Cholamandalam DBS Finance Ltd. LAA- 2,202 21,952.06 5.25 NAV as on 31-Mar-2011 TATA Motors Finance Ltd. AA- 1,600 15,812.16 3.78 Dividend Plan (`) 51.9774 c) Average Maturity as on March 31, 2011 3.01 Years Tube Investments of India Ltd. AA 250 15,564.96 3.72 Growth Plan (`) 119.5260 Lands End Properties Private Ltd. AA+(SO) 1,250 13,618.67 3.26 Kotak Mahindra Prime Ltd. LAA 1,000 9,751.15 2.33 b) Dividends declared during the Half - year ended March 31, 2011: TEMPLETON INDIA INCOME FUND Reliance Capital Ltd. AAA (IND) 620 6,117.85 1.46 Company Name Rating Quantity Market Value % to Net Hero Motors Ltd. AA (SO) 310 3,078.49 0.74 Plan Name Dividend per unit (` in Lakhs) Assets ICICI Securities Ltd. AAA 250 2,468.31 0.59 Reliance Capital Ltd. AAA 100 990.75 0.24 Dividend Plan 4.5000

Debt Instruments ECL Finance Ltd. AA- 100 971.09 0.23 c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011 3.78% (a) Listed / awaiting listing on Stock Exchanges Mahindra & Mahindra Financial Services Ltd. AA+ 100 922.18 0.22 Total 91,247.67 21.82 Non - Traded / Thinly Traded Scrips FRANKLIN INDIA BLUECHIP FUND Cholamandalam Investment And Finance Co Ltd LAA- 650 6,423.38 6.66 (b) Privately Placed / Unlisted ECL Finance Ltd AA- 300 2,913.28 3.02 Bahadur Chand Investments Private Limited AA 100 10,022.87 2.40 Company Name Industry Classification Quantity Market Value % to Net LIC Housing Finance Ltd AAA 165 1,610.25 1.67 Gitanjali Trading And Investments Pvt. Ltd. AAA(SO) 135 8,442.24 2.02 (` in Lakhs) Assets Tata Motors Finance Ltd AA- 150 1,480.29 1.53 Kal Airways Pvt Ltd. PR1+(SO) 770 7,668.13 1.83 Infrastructure Development Finance Co Ltd LAAA 100 997.83 1.03 Trent Ltd. AA 400 4,520.98 1.08 Equity & Equity Related Hero Motors Ltd AA (SO) 90 893.76 0.93 Cholamandalam DBS Finance Ltd. LAA- 150 1,527.66 0.37 (a) Listed/Awaiting listing on Stock Exchanges NABARD AAA 50 501.43 0.52 Total 32,181.88 7.70 Bharti Airtel Ltd. Telecom - Services 8,100,000 28,957.50 7.61 Indian Oil Corp Ltd AAA 10 97.25 0.10 (c) Securitised Debt Instruments Infosys Technologies Ltd. Software 850,000 27,512.38 7.23 Indian Railway Finance Corp. AAA 4 39.75 0.04 IRST Series III Tata Motor Finance Limited AAA (SO) 215 18,428.96 4.41 ICICI Bank Ltd. Banks 1,900,000 21,142.25 5.55 Total 14,957.22 15.50 CLSS 5 Trust 2011 Tata Teleservices Limited A+ (SO) 150 15,447.47 3.69 Reliance Industries Ltd. Petroleum Products 1,500,000 15,717.00 4.13 CLSS 10 Trust 2011 Tata Teleservices Limited A+ (SO) 150 15,331.49 3.67 Grasim Industries Ltd. Cement 600,000 14,767.50 3.88 (b) Privately Placed / Unlisted IRS Trust Series IV Vodafone Essar South Limited P1+(SO) 144 14,368.25 3.44 Kotak Mahindra Bank Ltd. Banks 3,156,333 14,419.71 3.79 Tata Sons Ltd LAAA 10 99.83 0.10 ILSS 2 Trust 2011 Series A Magma Fincorp Limited AAA 218 14,262.86 3.41 HDFC Bank Ltd. Banks 520,000 12,183.34 3.20 Total 99.83 0.10 CLSS 6 Trust 2011 Tata Teleservices Limited A+ (SO) 100 10,298.31 2.46 Bharat Heavy Electricals Ltd. Industrial Capital Goods 550,000 11,334.68 2.98 ILSS 1 Trust 2011 Series A3 Crompton Greaves Ltd. Industrial Capital Goods 3,800,000 10,372.10 2.72 (c) Securitised Debt Instruments Reliance Consumer Finance LAAA (SO) 100 9,200.52 2.20 GAIL India Ltd. Gas 2,200,000 10,230.00 2.69 IRS Trust Series IV Vodafone Essar South Ltd P1+(SO) 71 7,084.34 7.34 ILSS 5 TRUST 2011 Series A State Bank of India Banks 350,000 9,687.65 2.54 Cholamandalam Investments & Finance Co Ltd LAAA (SO) 110 8,130.18 1.94 ILSS 3 TRUST 2011 Sr. A1 Ltd. Non - Ferrous Metals 7,000,000 9,628.50 2.53 Reliance Capital Limited LAAA (SO) 70 4,271.96 4.43 CLSS 15 Trust 2011 Series A North Delhi Power Limited AA- 80 7,914.59 1.89 ILSS 3 Trust 2011 Series A 1 Cummins India Ltd. Industrial Products 1,300,000 8,899.15 2.34 ILSS 5 TRUST 2011- Series A NTPC Ltd. Power 4,500,000 8,685.00 2.28 Cholamandalam Investment and Finance Co Ltd LAAA (SO) 50 3,695.54 3.83 Reliance Capital Limited LAAA (SO) 115 7,018.22 1.68 Coal India Ltd. Minerals/Mining 2,200,000 7,636.20 2.01 ILSS 4 TRUST A3 -Reliance Capital Ltd LAAA (SO) 80 3,153.25 3.27 CLSS 9 Trust 2010 Cholamandalam Factoring Limited LAA- (SO) 75 6,372.36 1.52 Hindustan Unilever Ltd. Diversified 2,600,000 7,399.60 1.94 IRST - SERIES VII Vodafone Essar South Ltd P1+(SO) 20 1,501.98 1.56 CLSS 7 Trust 2010 Series A3 North Delhi Power Ltd. AA- 55 5,409.82 1.29 Mahindra & Mahindra Ltd. Auto 1,050,000 7,335.30 1.93 ILSS 2 TRUST 2010 SR. A2 -Reliance Capital Ltd LAAA (SO) 40 949.43 0.98 PIIL Loan Participation Trust Series 77 Oil & Natural Gas Corp. Ltd. Oil 2,500,000 7,252.50 1.91 Total 20,656.50 21.41 Pipeline Infrastructure (India) Private Limited AAA (SO) 64 4,981.45 1.19 Bajaj Auto Ltd. Auto 490,000 7,153.02 1.88

CLSS 2 Trust 2011 Series A Steel Authority of India Ltd. Ferrous Metals 4,200,000 7,129.50 1.87 Money Market Instruments North Delhi Power Limited AA- 50 4,913.82 1.18 Asian Paints Ltd. Consumer Non Durables 275,000 6,949.11 1.83 Certificate of Deposit CLSS 5 Trust 2010 Tata Teleservices Limited A+ (SO) 45 4,543.14 1.09 Power Grid Corporation of India Ltd. Power 6,500,000 6,617.00 1.74 Canara Bank P1+ 12,500 11,621.98 12.04 ILSS 7 Trust 2010 Series A4 Cholamandalam Torrent Power Ltd. Power 2,600,000 6,488.30 1.70 State Bank of Patiala A1+ 7,500 7,002.24 7.26 Investment and Finance Co. Ltd. AAA (SO) 48 4,418.21 1.06 State Bank of Bikaner And Jaipur P1+ 7,500 7,004.55 7.26 ILSS 4 Trust 2011 Series A1 Larsen & Toubro Ltd. Construction Project 370,000 6,117.03 1.61 Oriental Bank of Commerce P1+ 6,500 6,031.80 6.25 Reliance Home Finance Private Limited LAAA (SO) 57 4,254.51 1.02 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 350,000 5,734.93 1.51 Corporation Bank P1+ 6,500 5,968.28 6.18 CLSS 8 Trust 2010 Series A North Delhi Power Limited AA- 50 4,201.57 1.00 Tata Consultancy Services Ltd. Software 410,000 4,848.25 1.27 State Bank of Hyderabad A1+ 5,000 4,634.02 4.80 CLSS 8 Trust 2010 Series B North Delhi Power Limited AA- 50 4,201.57 1.00 India Cements Ltd. Cement 5,000,000 4,780.00 1.26 Bank of India P1+ 3,000 2,804.96 2.91 ILSS 6 Trust 2010 Series A13 Reliance Capital Limited LAAA (SO) 40 1,834.68 0.44 Lupin Ltd. Pharmaceuticals 1,100,000 4,568.85 1.20 State Bank of Mysore P1+ 2,500 2,346.55 2.43 ILSS 5 Trust 2010 Series A13 Reliance Capital Limited LAAA (SO) 25 1,456.05 0.35 Union Bank of India Ltd. Banks 1,300,000 4,516.85 1.19 State Bank of Travancore P1+ 2,500 2,306.39 2.39 CLSS 2 Trust 2011 Series B North Delhi Power Limited AA- 15 1,474.15 0.35 Bharat Petroleum Corp. Ltd. Petroleum Products 730,000 4,462.49 1.17 Total 49,720.77 51.52 JUS Trust Series 9 Standard Chartered Bank AAA (SO) 2,000,000 788.62 0.19 Tata Steel Ltd. Ferrous Metals 700,000 4,343.50 1.14 ILSS 5 TRUST 2011 Series IO Ltd. Oil 1,194,399 4,195.33 1.10 Cholamandalam Investment Commercial Paper Sterlite Industries (India) Ltd. Non - Ferrous Metals 2,400,000 4,161.60 1.09 and Finance Co. Ltd. LAAA (SO) 9 63.93 0.02 JM Financial Products Pvt Ltd P1+ 1,300 6,066.91 6.29 Indian Oil Corp. Ltd. Petroleum Products 1,200,000 4,011.00 1.05 Total 169,314.73 40.49 Reliance Mediaworks Ltd A1+ 500 2,442.68 2.53 India Ltd. Consumer Non Durables 4,000,000 3,842.00 1.01 Total 8,509.59 8.82 Money Market Instruments Idea Cellular Ltd. Telecom - Services 5,222,837 3,525.41 0.93 Commercial Paper Great Eastern Shipping Co. Ltd. Transportation 1,300,000 3,416.40 0.90 Totals 93,943.91 97.35 Reliance Capital Limited A1+ 7,000 33,353.98 7.98 GVK Power & Infrastructures Ltd. Power 13,000,000 3,373.50 0.89 Vodafone Essar Limited P1+ 5,480 25,967.19 6.21 Bosch Ltd. Auto Ancillaries 50,000 3,340.08 0.88 JM Financial Products Pvt Ltd P1+ 2,500 11,673.60 2.79 Call, Cash & Other Assets 2,570.59 2.65 India Ltd. Industrial Capital Goods 350,000 3,084.73 0.81 Fullerton India Credit Co Ltd A1+ 2,000 9,528.92 2.28 Ltd. Pharmaceuticals 350,959 2,777.13 0.73 Reliance Mediaworks Ltd A1+(SO) 1,900 8,984.84 2.15 Net Assets 96,514.50 100.00 Reliance Mediaworks Ltd A1+ 1,000 4,885.36 1.17 Rural Electrification Corp. Ltd. Finance 1,000,000 2,541.49 0.67 Tata Teleservices Ltd P1+ 600 2,908.79 0.70 Bajaj Holdings and Investment Ltd. Finance 200,000 1,584.09 0.42 Note: Trapti Trading and Investments Pvt Ltd A1+ 460 2,292.68 0.55 Housing Development Finance Corp. Ltd. (Warrants) Finance 1,440 2.15 0.00* a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Total 99,595.36 23.83 Total 346,724.10 91.11 NAV as on 30-Sep-2010 Dividend Plan (`)# 10.5451 Certificate of Deposit Debt Instruments Rating Growth Plan (`)# 32.4782 State Bank of Hyderabad A1+ 5,000,000 4,674.84 1.12 (a) Listed/Awaiting listing on Stock Exchanges Bank of India P1+ 8,000,000 7,439.83 1.78 Non-Traded/Thinly Traded Scrips NAV as on 31-Mar-2011 Canara Bank P1+ 2,500,000 2,306.39 0.55 Dr Reddy's Laboratories Ltd. LAA+ 2,100,000 104.86 0.03 Dividend Plan (`) 10.6578 Punjab National Bank PR1+ 2,500,000 2,296.40 0.55 Growth Plan (`) 33.4494 Corporation Bank Ltd P1+ 1,000,000 922.77 0.22 Total 104.86 0.03 Union Bank of India PR1+ 800,000 799.19 0.19 b) Aggregate Dividends declared during the Half - year ended March 31, 2011: Total 18,439.42 4.41 Totals 346,828.96 91.14

Totals 410,779.06 98.25 Dividend per unit Call,Cash & Other Assets 33,838.00 8.86 Plan Name Call, Cash & Other Assets 7,296.96 1.75 Individuals/HUF Others Net Assets 380,666.96 100.00 Net Assets 418,076.02 100.00 Dividend Plan 0.1757 0.1637 *Less than 0.01% Note: c) Average Maturity as on March 31, 2011 0.73 Years Note: a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 NAV as on 30-Sep-2010 TEMPLETON INDIA LOW DURATION FUND NAV as on 30-Sep-2010 Dividend Plan (`) 44.9467 Dividend Plan (`)# 10.4316 ` Company Name Rating Quantity Market Value % to Net Growth Plan ( ) 224.5342 Growth Plan (`)# 10.6978 (` in Lakhs) Assets NAV as on 31-Mar-2011 NAV as on 31-Mar-2011 ` Debt Instruments Dividend Plan (`) 10.4129 Dividend Plan ( ) 39.3025 ` (a) Privately Placed / Unlisted Growth Plan (`) 10.9683 Growth Plan ( ) 219.1105 Kal Airways Pvt Ltd PR1+(SO) 160 1,593.38 13.46 b) Aggregate Dividends declared during the Half - year ended March 31, 2011: Total 1,593.38 13.46 b) Dividends declared during the Half - year ended March 31, 2011: Dividend per unit Plan Name Dividend per unit (b) Securitised Debt Instruments Plan Name ILSS 6 TRUST 2010 Sr.A13 Individuals/HUF Others Dividend Plan 4.5000

Reliance Capital Limited LAAA (SO) 12 550.40 4.65 ILSS 7 Trust 2010 Sr.A3 Dividend Plan 0.2460 0.2292 c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011 33.45% Cholamandalam Investment and Finance Co. Ltd AAA (SO) 7 296.38 2.50 c) Average Maturity as on March 31, 2011: 0.94 Years ILSS 2 TRUST 2010 Sr.A2 FRANKLIN INDIA PRIMA FUND Reliance Capital Limited LAAA (SO) 6 142.41 1.20 TEMPLETON INDIA GROWTH FUND Company Name Industry Classification Quantity Market Value % to Net ILSS 1 Trust 2011 Sr. A1 (` in Lakhs) Assets Reliance Consumer Finance P. Ltd A1+(SO) 9 63.28 0.53 Company Name Industry Classification Quantity Market Value % to Net Total 1,052.47 8.88 (` in Lakhs) Assets Equity & Equity Related (a) Listed/Awaiting listing on Stock Exchanges Money Market Instruments Equity & Equity Related Ltd. Banks 1,090,386 4,567.63 5.51 Commercial Paper (a) Listed/Awaiting listing on Stock Exchanges Jagran Prakashan Ltd. Media & Entertainment 2,834,333 3,620.86 4.37 Vodafone Essar Limited P1+ 520 2,491.55 21.05 Ltd. Fertilisers 2,207,655 7,469.60 8.75 Yes Bank Ltd. Banks 1,158,891 3,591.40 4.34 Reliance Mediaworks Ltd A1+ 400 1,938.49 16.37 Ltd. Non - Ferrous Metals 2,932,367 6,118.38 7.16 Ltd. Chemicals 2,355,193 3,513.95 4.24 ING Vysya Bank Ltd. Banks 1,711,180 5,497.17 6.44 Tata Teleservices Ltd PR1+ 280 1,375.13 11.62 IndusInd Bank Ltd. Banks 1,315,433 3,468.80 4.19 Ltd. Power 742,211 5,104.93 5.98 Reliance Capital Limited A1+ 200 978.45 8.27 Ltd. Pharmaceuticals 951,899 2,870.93 3.47 Total 6,783.62 57.31 Sesa Goa Ltd. Minerals/Mining 1,655,622 4,807.93 5.63 India Ltd. Auto 325,000 4,106.54 4.81 State Petronet Ltd. Gas 2,755,449 2,732.03 3.30

Apollo Tyres Ltd. Auto Ancillaries 5,278,924 3,671.49 4.30 Crompton Greaves Ltd. Industrial Capital Goods 953,732 2,603.21 3.14 Certificate of Deposit Dr. Reddy's Laboratories Ltd. Pharmaceuticals 220,000 3,604.81 4.22 Torrent Pharmaceuticals Ltd. Pharmaceuticals 418,066 2,417.88 2.92 State Bank of Hyderabad P1+ 885 864.35 7.30 Oil & Natural Gas Corp. Ltd. Oil 1,240,000 3,597.24 4.21 Bharti Airtel Ltd. Telecom - Services 617,240 2,206.63 2.66 IDBI Bank P1+ 250 248.43 2.10 Tata Investment Corp. Ltd. Finance 687,696 3,508.97 4.11 Sintex Industries Ltd. Industrial Products 1,415,791 2,146.34 2.59 Vijaya Bank PR1+ 200 197.93 1.67 ICICI Bank Ltd. Banks 280,000 3,115.70 3.65 Amara Raja Batteries Ltd. Auto Ancillaries 1,124,529 2,127.05 2.57 Total 1,310.71 11.07 Co. Ltd. Gas 697,241 2,680.89 3.14 Union Bank of India Ltd. Banks 547,359 1,901.80 2.30 Sundaram Finance Ltd. Finance 543,036 2,644.59 3.10 Finolex Cables Ltd. Industrial Products 4,012,992 1,890.12 2.28 Totals 10,740.18 90.72 Reliance Industries Ltd. Petroleum Products 250,000 2,619.50 3.07 Adhunik Metaliks Ltd. Ferrous Metals 1,956,778 1,803.17 2.18 Usha Martin Ltd. Ferrous Metals 4,200,000 2,402.40 2.81 Ltd. Auto Ancillaries 1,246,998 1,780.09 2.15 Call, Cash & Other Assets 1,098.29 9.28 Federal Bank Ltd. Banks 550,000 2,303.95 2.70 Tata Steel Ltd. Ferrous Metals 366,666 2,275.16 2.66 Tata Chemicals Ltd. Fertilisers 514,701 1,741.49 2.10 Torrent Power Ltd. Power 675,675 1,686.15 2.04 Net Assets 11,838.47 100.00 HCL Infosystems Ltd. Telecom - Equipment & Accessories 2,167,346 2,212.86 2.59 Tata Consultancy Services Ltd. Software 170,000 2,010.25 2.35 Cadila Healthcare Ltd. Pharmaceuticals 206,596 1,634.79 1.97 Union Bank of India Ltd. Banks 550,000 1,910.98 2.24 South Ltd. Banks 6,995,955 1,598.58 1.93 Note: Grasim Industries Ltd. Cement 70,000 1,722.88 2.02 Bajaj Holdings and Investment Ltd. Finance 180,690 1,431.16 1.73 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Bharti Airtel Ltd. Telecom - Services 472,524 1,689.27 1.98 Gujarat Mineral Development Corp. Ltd. Minerals/Mining 1,048,796 1,423.22 1.72 NAV as on 30-Sep-2010 E.I.D. - Parry (India) Ltd. Consumer Non Durables 700,000 1,500.80 1.76 IBN18 Broadcast Ltd. Media & Entertainment 1,473,226 1,373.05 1.66 Growth Plan (`)# 10.1060 Ltd. Auto 1,650,000 938.85 1.10 Thermax Ltd. Industrial Capital Goods 222,195 1,338.50 1.62 MOIL Ltd. Ferrous Metals 200,000 789.10 0.92 Monthly Dividend Plan (`)# 10.1795 Ltd. Construction Project 733,546 1,332.49 1.61 Idea Cellular Ltd. Telecom - Services 1,100,000 742.50 0.87 ` India Cements Ltd. Cement 1,266,716 1,210.98 1.46 Quarterly Dividend Plan ( )# 10.3322 Infosys Technologies Ltd. Software 15,000 485.51 0.57 Asian Paints Ltd. Consumer Non Durables 47,280 1,194.74 1.44 Coal India Ltd. Minerals/Mining 122,799 426.24 0.50 NAV as on 31-Mar-2011 Steel Authority of India Ltd. Ferrous Metals 250,000 424.38 0.50 GlaxoSmithkline Consumer Healthcare Ltd. Consumer Non Durables 49,979 1,118.48 1.35 Escorts Ltd. Auto 784,061 1,108.27 1.34 Growth Plan (`) 10.4906 GAIL India Ltd. Gas 90,000 418.50 0.49 Crisil Ltd. Finance 17,591 1,106.62 1.34 Monthly Dividend Plan (`) 10.2974 Seamless Ltd. Ferrous Metals 109,011 355.26 0.42 Ltd. Software 87,367 343.34 0.40 FDC Ltd. Pharmaceuticals 1,015,593 1,032.86 1.25 Quarterly Dividend Plan (`) 10.2708 Total 81,499.97 95.45 Ltd. Consumer Non Durables 274,800 1,004.12 1.21 Shree Cements Ltd. Cement 46,887 973.63 1.18 b) Aggregate Dividends declared during the Half - year ended March 31, 2011: Debt Instruments Rating UltraTech Cement Ltd. Cement 83,512 946.86 1.14 (a) Listed/Awaiting listing on Stock Exchanges Andhra Bank Banks 610,000 920.80 1.11 Dividend per unit Non-Traded/Thinly Traded Scrips Oriental Bank of Commerce Banks 233,100 901.98 1.09 Plan Name Dr Reddy's Laboratories Ltd. LAA+ 1,320,000 65.91 0.08 Lupin Ltd. Pharmaceuticals 212,227 881.48 1.06 Individuals/HUF Others Total 65.91 0.08 Cummins India Ltd. Industrial Products 122,801 840.63 1.01 Usha Martin Ltd. Ferrous Metals 1,360,232 778.05 0.94 Monthly Dividend Plan 0.2328 0.2170 Totals 81,565.88 95.53 Century Textiles & Industries Ltd. Cement 219,534 768.48 0.93 Quarterly Dividend Plan 0.3953 0.3684 Call,Cash & Other Assets 3,828.01 4.47 Petronet LNG Ltd. Gas 596,800 724.22 0.87 Great Eastern Shipping Co. Ltd. Transportation 275,565 724.18 0.87 c) Average Maturity as on March 31, 2011 0.26 Years Net Assets 85,393.89 100.00 UNAUDITED HALF - YEARLY PORTFOLIO STATEMENT OF THE SCHEMES OF FRANKLIN TEMPLETON MUTUAL FUND AS ON MARCH 31, 2011

FRANKLIN INDIA PRIMA FUND (Contd.) FRANKLIN INDIA FLEXI CAP FUND FRANKLIN INDIA OPPORTUNITIES FUND (Contd.) Company Name Industry Classification Quantity Market Value % to Net Company Name Industry Classification Quantity Market Value % to Net Company Name Rating Quantity Market Value % to Net (` in Lakhs) Assets (` in Lakhs) Assets (` in Lakhs) Assets

Equity & Equity Related Debt Instruments Dabur India Ltd. Consumer Non Durables 744,239 714.84 0.86 (a) Listed/Awaiting listing on Stock Exchanges (a) Listed/Awaiting listing on Stock Exchanges BGR Energy Systems Ltd. Industrial Capital Goods 143,013 682.39 0.82 ICICI Bank Ltd. Banks 1,650,810 18,369.39 8.91 Non-Traded/Thinly Traded Scrips Bosch Ltd. Auto Ancillaries 10,056 671.76 0.81 Bharti Airtel Ltd. Telecom - Services 5,007,512 17,901.86 8.68 Taj GVK Hotels & Resorts Ltd. Hotels 686,353 637.28 0.77 Dr Reddy's Laboratories Ltd. LAA+ 217,800 10.88 0.03 Infosys Technologies Ltd. Software 510,314 16,517.59 8.01 Television Eighteen India Ltd. Media & Entertainment 706,607 547.97 0.66 Total 10.88 0.03 Federal Bank Ltd. Banks 2,924,750 12,251.78 5.94 Oracle Financial Services Software Ltd. Software 26,444 524.68 0.63 State Bank of India Banks 341,569 9,454.29 4.59 Birla Corp. Ltd. Cement 120,027 407.55 0.49 Totals 39,606.61 95.89 Grasim Industries Ltd. Cement 282,938 6,963.81 3.38 Ceat Ltd. Auto Ancillaries 211,834 218.40 0.26 Sterlite Industries (India) Ltd. Non - Ferrous Metals 3,959,639 6,866.01 3.33 Call,Cash & Other Assets 1,693.51 4.11 Corporation Bank Ltd. Banks 5,308 33.86 0.04 IBN18 Broadcast Ltd. Media & Entertainment 7,045,079 6,566.01 3.18

Total 77,476.43 93.52 Power Grid Corporation of India Ltd. Power 5,786,981 5,891.15 2.86 Net Assets 41,300.12 100.00 Wipro Ltd. Software 1,227,883 5,872.96 2.85 (b) Unlisted** Cummins India Ltd. Industrial Products 803,431 5,499.89 2.67 *Less than 0.01% Him Techno 170,000 0.02 0.00* Oil & Natural Gas Corp. Ltd. Oil 1,833,028 5,317.61 2.58 Note: Numero Uno International Ltd. 8,100 0.00 0.00* JSW Steel Ltd. Ferrous Metals 494,896 4,534.73 2.20 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Total 0.02 0.00* Crompton Greaves Ltd. Industrial Capital Goods 1,577,478 4,305.73 2.09 Mahindra & Mahindra Ltd. Auto 613,380 4,285.07 2.08 NAV as on 30-Sep-2010 ` Totals 77,476.45 93.52 Yes Bank Ltd. Banks 1,286,459 3,986.74 1.93 Dividend Plan ( ) 16.2608 ` Union Bank of India Ltd. Banks 1,048,670 3,643.60 1.77 Growth Plan ( ) 33.8416

Call,Cash & Other Assets 5,368.73 6.48 Idea Cellular Ltd. Telecom - Services 5,295,130 3,574.21 1.73 NAV as on 31-Mar-2011 Amara Raja Batteries Ltd. Auto Ancillaries 1,881,161 3,558.22 1.73 Dividend Plan (`) 14.3086 Net Assets 82,845.18 100.00 Deepak Fertilizers & Petrochemicals Corp. Ltd. Fertilisers 2,230,253 3,539.41 1.72 Growth Plan (`) 31.6798 Steel Authority of India Ltd. Ferrous Metals 1,992,800 3,382.78 1.64 *Less than 0.01% Bharat Heavy Electricals Ltd. Industrial Capital Goods 159,500 3,287.06 1.59 b) Dividends declared during the Half - year ended March 31, 2011: Note: Deccan Chronicle Holdings Ltd. Media & Entertainment 3,671,683 2,946.53 1.43 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Gujarat State Petronet Ltd. Gas 2,759,061 2,735.61 1.33 Plan Name Dividend per unit NAV as on 30-Sep-2010 NTPC Ltd. Power 1,408,947 2,719.27 1.32 Dividend 1.0000 Dividend Plan (`) 46.9152 Bajaj Holdings and Investment Ltd. Finance 328,642 2,603.01 1.26 Growth Plan (`) 301.0903 Ltd. Auto Ancillaries 3,641,015 2,532.33 1.23 c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011 126.81% Gujarat Mineral Development Corp. Ltd. Minerals/Mining 1,696,829 2,302.60 1.12 NAV as on 31-Mar-2011 Indian Oil Corp. Ltd. Petroleum Products 681,600 2,278.25 1.11 d) ** Total value and percentage of illiquid securities ` 5.01 Lakhs and 0.0121% of net assets Dividend Plan (`) 41.6896 Torrent Power Ltd. Power 909,496 2,269.65 1.10 Growth Plan (`) 267.5531 Great Eastern Shipping Co. Ltd. Transportation 842,738 2,214.72 1.07 FRANKLIN INDIA HIGH GROWTH COMPANIES FUND Jagran Prakashan Ltd. Media & Entertainment 1,592,726 2,034.71 0.99 b) Dividends declared during the Half - year ended March 31, 2011: NIL BGR Energy Systems Ltd. Industrial Capital Goods 378,877 1,807.81 0.88 Company Name Industry Classification Quantity Market Value % to Net Tata Steel Ltd. Ferrous Metals 284,081 1,762.72 0.86 (` in Lakhs) Assets c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011 26.27% Tecpro Systems Ltd. Industrial Capital Goods 624,205 1,751.52 0.85 Equity & Equity Related

Television Eighteen India Ltd. Media & Entertainment 2,172,221 1,684.56 0.82 (a) Listed/Awaiting listing on Stock Exchanges d) ** Total value and percentage of illiquid securities ` 0.02 Lakhs and 0.00002% of net assets India Cements Ltd. Cement 1,611,700 1,540.79 0.75 Federal Bank Ltd. Banks 1,638,956 6,865.59 9.07 Asian Paints Ltd. Consumer Non Durables 57,904 1,463.21 0.71 ICICI Bank Ltd. Banks 609,697 6,784.40 8.96 Bajaj Auto Ltd. Auto 96,615 1,410.39 0.68 FRANKLIN INDIA PRIMA PLUS Bharti Airtel Ltd. Telecom - Services 1,833,718 6,555.54 8.66 Zuari Industries Ltd. Fertilisers 214,768 1,325.01 0.64 Company Name Industry Classification Quantity Market Value % to Net Pidilite Industries Ltd. Chemicals 2,373,908 3,541.87 4.68 GlaxoSmithkline Consumer (` in Lakhs) Assets Sterlite Industries (India) Ltd. Non - Ferrous Metals 1,987,422 3,446.19 4.55 Healthcare Ltd. Consumer Non Durables 58,000 1,297.98 0.63

Consolidated Construction Consortium Ltd. Construction 2,470,358 1,247.53 0.61 IBN18 Broadcast Ltd. Media & Entertainment 3,286,927 3,063.42 4.05 Equity & Equity Related Ltd. Oil 84,000 1,102.78 0.53 Adhunik Metaliks Ltd. Ferrous Metals 3,032,505 2,794.45 3.69 (a) Listed/Awaiting listing on Stock Exchanges Coal India Ltd. Minerals/Mining 300,000 1,041.29 0.51 JSW Steel Ltd. Ferrous Metals 296,809 2,719.66 3.59 Bharti Airtel Ltd. Telecom - Services 3,900,000 13,942.50 8.00 Cadila Healthcare Ltd. Pharmaceuticals 126,019 997.18 0.48 Cummins India Ltd. Industrial Products 344,068 2,355.32 3.11 Infosys Technologies Ltd. Software 380,000 12,299.65 7.05 National Hydroelectric Power Corp. Ltd. Power 2,424,000 614.47 0.30 Crompton Greaves Ltd. Industrial Capital Goods 826,418 2,255.71 2.98 ICICI Bank Ltd. Banks 1,050,000 11,683.88 6.70 Housing Development Finance Corp Ltd (Warrants) Finance 1,440 2.15 0.00* Deccan Chronicle Holdings Ltd. Media & Entertainment 2,794,515 2,242.60 2.96 Grasim Industries Ltd. Cement 320,000 7,876.00 4.52 Total 199,255.97 96.67 Yes Bank Ltd. Banks 693,912 2,150.43 2.84 Reliance Industries Ltd. Petroleum Products 700,000 7,334.60 4.21 Sintex Industries Ltd. Industrial Products 1,315,000 1,993.54 2.63 Kotak Mahindra Bank Ltd. Banks 1,478,167 6,753.01 3.87 Call,Cash & Other Assets 6,901.31 3.33 Amara Raja Batteries Ltd. Auto Ancillaries 1,047,231 1,980.84 2.62 Bosch Ltd. Auto Ancillaries 79,822 5,332.23 3.06 Ipca Laboratories Ltd. Pharmaceuticals 616,225 1,858.53 2.46 Idea Cellular Ltd. Telecom - Services 7,000,000 4,725.00 2.71 Net Assets 206,157.28 100.00 Escorts Ltd. Auto 1,307,759 1,848.52 2.44 Cummins India Ltd. Industrial Products 660,000 4,518.03 2.59 Apollo Tyres Ltd. Auto Ancillaries 2,611,788 1,816.50 2.40 HDFC Bank Ltd. Banks 190,000 4,451.61 2.55 *Less than 0.01% Godrej Consumer Products Ltd. Consumer Non Durables 494,900 1,808.36 2.39 Note: IBN18 Broadcast Ltd. Media & Entertainment 4,707,085 4,387.00 2.52 Consolidated Construction Consortium Ltd. Construction 2,922,858 1,476.04 1.95 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Mahindra & Mahindra Ltd. Auto 551,614 3,853.58 2.21 Wipro Ltd. Software 308,445 1,475.29 1.95 GAIL India Ltd. Gas 819,200 3,809.28 2.18 NAV as on 30-Sep-2010 Television Eighteen India Ltd. Media & Entertainment 1,764,668 1,368.50 1.81 Crisil Ltd. Finance 58,872 3,703.55 2.12 Dividend Plan (`) 17.6433 JK Lakshmi Cement Ltd. Cement 2,680,135 1,368.21 1.81 Gujarat Mineral Development Corp. Ltd. Minerals/Mining 2,700,000 3,663.90 2.10 Growth Plan (`) 34.8384 Gujarat State Petronet Ltd. Gas 1,194,460 1,184.31 1.56 Jagran Prakashan Ltd. Media & Entertainment 2,800,000 3,577.00 2.05 NAV as on 31-Mar-2011 GlaxoSmithkline Consumer Healthcare Ltd. Consumer Non Durables 45,000 1,007.06 1.33 Steel Authority of India Ltd. Ferrous Metals 2,100,000 3,564.75 2.04 Dividend Plan (`) 15.1219 Idea Cellular Ltd. Telecom - Services 1,434,392 968.21 1.28 Crompton Greaves Ltd. Industrial Capital Goods 1,260,000 3,439.17 1.97 Growth Plan (`) 33.0497 Great Eastern Shipping Co. Ltd. Transportation 368,087 967.33 1.28 Television Eighteen India Ltd. Media & Entertainment 4,367,032 3,386.63 1.94 Redington India Ltd. Hardware 1,223,718 955.72 1.26 India Cements Ltd. Cement 3,115,600 2,978.51 1.71 b) Dividends declared during the Half - year ended March 31, 2011: Infosys Technologies Ltd. Software 27,900 903.05 1.19 Yes Bank Ltd. Banks 952,962 2,953.23 1.69 Cadila Healthcare Ltd. Pharmaceuticals 100,000 791.30 1.05 Marico Ltd. Consumer Non Durables 2,018,000 2,799.98 1.61 Plan Name Dividend per unit Tecpro Systems Ltd. Industrial Capital Goods 251,287 705.11 0.93

State Bank of India Banks 100,000 2,767.90 1.59 Dividend Plan 1.5000 TVS Motor Co. Ltd. Auto 1,000,000 600.00 0.79 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 164,777 2,699.95 1.55 Infinite Computer Solutions (India) Ltd. Software 375,958 591.01 0.78 Asian Paints Ltd. Consumer Non Durables 100,000 2,526.95 1.45 c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011 56.28% Asian Paints Ltd. Consumer Non Durables 21,949 554.64 0.73 Coal India Ltd. Minerals/Mining 700,000 2,429.70 1.39 Globus Spirits Ltd. Consumer Non Durables 354,639 508.02 0.67 Tata Steel Ltd. Ferrous Metals 379,505 2,354.83 1.35 FRANKLIN INDIA OPPORTUNITIES FUND . Chemicals 229,000 416.09 0.55 Tata Consultancy Services Ltd. Software 190,000 2,246.75 1.29 Oracle Financial Services Software Ltd. Software 20,000 396.82 0.52 Bajaj Holdings and Investment Ltd. Finance 274,925 2,177.54 1.25 Company Name Industry Classification Quantity Market Value % to Net Thermax Ltd. Industrial Capital Goods 50,000 301.20 0.40 Hindustan Petroleum Corp. Ltd. Petroleum Products 600,000 2,141.70 1.23 (` in Lakhs) Assets Lancor Holdings Ltd. Construction 512,500 272.91 0.36 IndusInd Bank Ltd. Banks 755,618 1,992.56 1.14 Zydus Wellness Ltd. Consumer Non Durables 38,016 227.05 0.30 Equity & Equity Related Cadila Healthcare Ltd. Pharmaceuticals 250,000 1,978.25 1.13 V-Guard Industries Ltd. Industrial Capital Goods 53,426 89.78 0.12 (a) Listed/Awaiting listing on Stock Exchanges Cairn India Ltd. Oil 558,353 1,961.21 1.12 Petronet LNG Ltd. Gas 31,479 38.21 0.05 ICICI Bank Ltd. Banks 275,489 3,065.50 7.42 Wipro Ltd. Software 400,000 1,913.20 1.10 Totals 73,247.33 96.75 Reliance Industries Ltd. Petroleum Products 290,871 3,047.75 7.38 Power Grid Corporation of India Ltd. Power 1,827,057 1,859.94 1.07 Infosys Technologies Ltd. Software 89,073 2,883.07 6.98 Hindustan Zinc Ltd. Non - Ferrous Metals 1,349,980 1,856.90 1.06 Larsen & Toubro Ltd. Construction Project 106,167 1,755.21 4.25 Call,Cash & Other Assets 2,439.04 3.25 Bharat Heavy Electricals Ltd. Industrial Capital Goods 90,000 1,854.77 1.06 ITC Ltd. Consumer Non Durables 904,117 1,640.52 3.97 Bharat Petroleum Corp. Ltd. Petroleum Products 300,000 1,833.90 1.05 HDFC Bank Ltd. Banks 65,780 1,541.19 3.73 Net Assets 75,686.37 100.00 Eicher Motors Ltd. Auto 130,000 1,733.03 0.99 Bharat Heavy Electricals Ltd. Industrial Capital Goods 71,941 1,482.60 3.59 Note: Amara Raja Batteries Ltd. Auto Ancillaries 900,000 1,702.35 0.98 State Bank of India Banks 50,460 1,396.68 3.38 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Motilal Oswal Financial Services Ltd. Finance 1,300,000 1,673.75 0.96 Titan Industries Ltd. Consumer Non Durables 25,649 977.44 2.37 Great Eastern Shipping Co. Ltd. Transportation 624,403 1,640.93 0.94 Tata Motors Ltd. Auto 77,879 971.54 2.35 NAV as on 30-Sep-2010 ` Bajaj Auto Ltd. Auto 110,000 1,605.78 0.92 Bharti Airtel Ltd. Telecom - Services 268,081 958.39 2.32 Dividend Plan ( ) 13.4514 ` DB Corp. Ltd. Media & Entertainment 550,000 1,354.38 0.78 Union Bank of India Ltd. Banks 253,847 881.99 2.14 Growth Plan ( ) 14.0470

Apollo Tyres Ltd. Auto Ancillaries 1,748,700 1,216.22 0.70 Wipro Ltd. Software 173,864 831.59 2.01 Taj GVK Hotels & Resorts Ltd. Hotels 1,200,000 1,114.20 0.64 NAV as on 31-Mar-2011 Sterlite Industries (India) Ltd. Non - Ferrous Metals 478,024 828.89 2.01 Dividend Plan (`) 12.2031 Lupin Ltd. Pharmaceuticals 100,000 415.35 0.24 Mahindra & Mahindra Ltd. Auto 118,332 826.67 2.00 Growth Plan (`) 12.7434 Pidilite Industries Ltd. Chemicals 274,379 409.37 0.23 Tata Consultancy Services Ltd. Software 62,319 736.92 1.78 New Delhi Television Ltd. Media & Entertainment 476,397 336.10 0.19 Tata Steel Ltd. Ferrous Metals 118,181 733.31 1.78 b) Dividends declared during the Half - year ended March 31, 2011: NIL Housing Development Finance Corp Ltd (Warrants) Finance 70 0.10 0.00* Grasim Industries Ltd. Cement 29,733 731.80 1.77 Total 168,830.70 96.80 Bank of Baroda Banks 73,678 709.63 1.72 c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011 44.40% Crompton Greaves Ltd. Industrial Capital Goods 256,240 699.41 1.69 (b) Preference share Cadila Healthcare Ltd. Pharmaceuticals 86,654 685.69 1.66 FRANKLIN INDIA TAXSHIELD Trent Ltd. CCPS Sr. A Retailing 15,938 143.85 0.08 Jindal Steel & Power Ltd. Ferrous Metals 95,766 669.02 1.62 Company Name Industry Classification Quantity Market Value % to Net Trent Ltd. CCPS Sr. B Retailing 15,938 132.62 0.08 Cummins India Ltd. Industrial Products 96,136 658.10 1.59 (` in Lakhs) Assets Total 276.47 0.16 Infrastructure Development Finance Co. Ltd. Finance 404,409 626.23 1.52 Equity & Equity Related Dr. Reddy's Laboratories Ltd. Pharmaceuticals 36,300 594.79 1.44 (a) Listed/Awaiting listing on Stock Exchanges (c) Unlisted** Bajaj Auto Ltd. Auto 39,117 571.03 1.38 Bharti Airtel Ltd. Telecom - Services 1,735,000 6,202.63 7.38 Quantum Information Services 38,000 1.61 0.00* Asian Paints Ltd. Consumer Non Durables 22,586 570.74 1.38 Infosys Technologies Ltd. Software 181,500 5,874.70 6.99 Numero Uno International Ltd 73,500 0.01 0.00* India Cements Ltd. Cement 595,215 569.03 1.38 ICICI Bank Ltd. Banks 495,018 5,508.31 6.55 Quantum Information Systems 45,000 0.00 0.00* Shriram Transport Finance Co. Ltd. Finance 66,304 527.71 1.28 Reliance Industries Ltd. Petroleum Products 406,000 4,254.07 5.06 Total 1.62 0.00* Oil & Natural Gas Corp. Ltd. Oil 175,701 509.71 1.23 Grasim Industries Ltd. Cement 147,800 3,637.73 4.33 JSW Steel Ltd. Ferrous Metals 51,554 472.39 1.14 Kotak Mahindra Bank Ltd. Banks 689,989 3,152.21 3.75 Debt Instruments Rating Zee Entertainment Enterprises Ltd. Media & Entertainment 368,428 455.75 1.10 HDFC Bank Ltd. Banks 100,000 2,342.95 2.79 (a) Listed/Awaiting listing on Stock Exchanges Mahindra & Mahindra Financial Services Ltd. Finance 56,569 441.10 1.07 Hindustan Zinc Ltd. Non - Ferrous Metals 1,560,000 2,145.78 2.55 Non-Traded/Thinly Traded Scrips Housing Development Finance Corp. Ltd. Finance 60,139 420.31 1.02 Crompton Greaves Ltd. Industrial Capital Goods 757,176 2,066.71 2.46 Dr Reddy's Laboratories Ltd. LAA+ 988,662 49.37 0.03 Hindustan Zinc Ltd. Non - Ferrous Metals 296,230 407.46 0.99 Petronet LNG Ltd. Gas 331,466 402.23 0.97 Cummins India Ltd. Industrial Products 300,000 2,053.65 2.44 Total 49.37 0.03 Axis Bank Ltd. Banks 28,471 399.63 0.97 Bosch Ltd. Auto Ancillaries 27,469 1,834.97 2.18

Yes Bank Ltd. Banks 125,240 388.12 0.94 Mahindra & Mahindra Ltd. Auto 251,000 1,753.49 2.09 Totals 169,158.16 96.99 GAIL India Ltd. Gas 79,624 370.25 0.90 GAIL India Ltd. Gas 363,971 1,692.47 2.01

Television Eighteen India Ltd. Media & Entertainment 472,601 366.50 0.89 Coal India Ltd. Minerals/Mining 468,837 1,627.33 1.94 Call,Cash & Other Assets 5,208.09 3.01 Godrej Consumer Products Ltd. Consumer Non Durables 95,919 350.49 0.85 Steel Authority of India Ltd. Ferrous Metals 950,000 1,612.63 1.92

Kotak Mahindra Bank Ltd. Banks 69,755 318.68 0.77 State Bank of India Banks 51,000 1,411.63 1.68 Net Assets 174,366.25 100.00 Ltd. Cement 205,876 302.74 0.73 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 85,000 1,392.77 1.66 *Less than 0.01% Hindalco Industries Ltd. Non - Ferrous Metals 137,968 287.87 0.70 Marico Ltd. Consumer Non Durables 980,000 1,359.75 1.62 Note: Bank of India Banks 57,023 272.63 0.66 Crisil Ltd. Finance 20,750 1,305.35 1.55 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Power Grid Corporation of India Ltd. Power 236,744 241.01 0.58 Jagran Prakashan Ltd. Media & Entertainment 1,004,083 1,282.72 1.53 NAV as on 30-Sep-2010 Rural Electrification Corp. Ltd. Finance 94,557 240.32 0.58 Idea Cellular Ltd. Telecom - Services 1,850,000 1,248.75 1.49 Dividend Plan (`) 31.4156 Great Eastern Shipping Co. Ltd. Transportation 83,879 220.43 0.53 India Cements Ltd. Cement 1,300,000 1,242.80 1.48 Growth Plan (`) 233.9921 Sintex Industries Ltd. Industrial Products 129,809 196.79 0.48 Yes Bank Ltd. Banks 400,000 1,239.60 1.48 Thermax Ltd. Industrial Capital Goods 24,650 148.49 0.36 Asian Paints Ltd. Consumer Non Durables 49,000 1,238.21 1.47 NAV as on 31-Mar-2011 Indian Hotels Co. Ltd. Hotels 151,368 127.45 0.31 Power Grid Corporation of India Ltd. Power 1,215,784 1,237.67 1.47 Dividend Plan (`) 26.9185 Dish TV India Ltd. Media & Entertainment 95,443 64.04 0.16 Tata Steel Ltd. Ferrous Metals 175,569 1,089.41 1.30 Growth Plan (`) 224.0997 Tata Global Beverages Ltd. Consumer Non Durables 14,200 13.89 0.03 Eicher Motors Ltd. Auto 80,746 1,076.42 1.28 Total 39,590.72 95.85 Tata Consultancy Services Ltd. Software 89,000 1,052.43 1.25 b) Dividends declared during the Half - year ended March 31, 2011: Cadila Healthcare Ltd. Pharmaceuticals 125,610 993.95 1.18 (b) Unlisted** IBN18 Broadcast Ltd. Media & Entertainment 1,059,760 987.70 1.18 Plan Name Dividend per unit Collabera Solutions Private Ltd. 489,000 2.05 0.00* Amara Raja Batteries Ltd. Auto Ancillaries 505,000 955.21 1.14 Dividend Plan 3.0000 Quantum Information Services 44,170 1.86 0.00* IndusInd Bank Ltd. Banks 360,000 949.32 1.13 Chennai Interactive Business Services Pvt Ltd. 23,815 1.09 0.00* Bajaj Auto Ltd. Auto 65,000 948.87 1.13 c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011 29.90% Numero Uno International Ltd. 98,000 0.01 0.00* Gujarat Mineral Development Corp. Ltd. Minerals/Mining 677,809 919.79 1.09 Total 5.01 0.01 Pidilite Industries Ltd. Chemicals 600,000 895.20 1.07 d) ** Total value and percentage of illiquid securities ` 1.62 Lakhs and 0.0009% of net assets UNAUDITED HALF - YEARLY PORTFOLIO STATEMENT OF THE SCHEMES OF FRANKLIN TEMPLETON MUTUAL FUND AS ON MARCH 31, 2011

FRANKLIN INDIA TAXSHIELD (Contd.) FRANKLIN BUILD INDIA FUND (Contd.) FRANKLIN INDIA INDEX TAX FUND BSE SENSEX PLAN (Contd.)

Company Name Industry Classification Quantity Market Value % to Net Company Name Industry Classification Quantity Market Value % to Net Note: (` in Lakhs) Assets (` in Lakhs) Assets a) NAV at the beginning and at the end of the Half-year ended March 31, 2011

Wipro Ltd. Software 185,000 884.86 1.05 Bharat Heavy Electricals Ltd. Industrial Capital Goods 16,800 346.22 3.88 NAV as on 30-Sep-2010 Cairn India Ltd. Oil 250,048 878.29 1.05 IndusInd Bank Ltd. Banks 131,000 345.45 3.87 Dividend Option (`) 56.5278 Bajaj Holdings and Investment Ltd. Finance 110,000 871.26 1.04 HDFC Bank Ltd. Banks 13,300 311.61 3.49 Growth Option (`) 56.5278

Bharat Heavy Electricals Ltd. Industrial Capital Goods 42,000 865.56 1.03 Voltas Ltd. Construction Project 165,000 299.72 3.36 UltraTech Cement Ltd. Cement 25,500 289.12 3.24 NAV as on 31-Mar-2011 Orient Paper & Industries Ltd. Cement 1,550,000 864.13 1.03 ` Orient Paper & Industries Ltd. Cement 500,000 278.75 3.12 Dividend Option ( ) 54.6662 Bharat Petroleum Corp. Ltd. Petroleum Products 140,000 855.82 1.02 ` Mahindra & Mahindra Ltd. Auto 39,000 272.45 3.05 Growth Option ( ) 54.6662 Torrent Power Ltd. Power 340,016 848.51 1.01 Hindustan Zinc Ltd. Non - Ferrous Metals 195,000 268.22 3.01 Lupin Ltd. Pharmaceuticals 196,561 816.42 0.97 b) Dividends declared during the Half - year ended March 31, 2011: NIL Thermax Ltd. Industrial Capital Goods 43,000 259.03 2.90 Hindustan Petroleum Corp. Ltd. Petroleum Products 225,000 803.14 0.96 Crompton Greaves Ltd. Industrial Capital Goods 88,000 240.20 2.69 c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011 11.06% Great Eastern Shipping Co. Ltd. Transportation 290,000 762.11 0.91 Coal India Ltd. Minerals/Mining 60,000 208.26 2.33 Simplex Infrastructures Ltd. Construction 193,971 633.40 0.75 GAIL India Ltd. Gas 40,000 186.00 2.08 FRANKLIN INDIA INDEX FUND - NSE NIFTY PLAN Apollo Tyres Ltd. Auto Ancillaries 520,000 361.65 0.43 Torrent Power Ltd. Power 60,000 149.73 1.68 Consolidated Construction Consortium Ltd. Construction 422,951 213.58 0.25 Idea Cellular Ltd. Telecom - Services 220,000 148.50 1.66 Company Name Industry Classification Quantity Market Value % to Net Jyoti Structures Ltd. Power 173,674 140.68 1.58 ` DB Corp. Ltd. Media & Entertainment 28,707 70.68 0.08 ( in Lakhs) Assets Jagran Prakashan Ltd. Media & Entertainment 110,000 140.53 1.57 Total 78,316.59 93.20 Gujarat Mineral Development Corp. Ltd. Minerals/Mining 100,000 135.70 1.52 Equity & Equity Related

JK Lakshmi Cement Ltd. Cement 250,000 127.63 1.43 (a) Listed/Awaiting listing on Stock Exchanges (b) Unlisted** Taj GVK Hotels & Resorts Ltd. Hotels 129,769 120.49 1.35 Reliance Industries Ltd. Petroleum Products 132,979 1,395.08 10.15 Quantum Information Services 3,500 0.15 0.00* Power Grid Corporation of India Ltd. Power 90,000 91.62 1.03 Infosys Technologies Ltd. Software 37,844 1,226.64 8.92 Globsyn Technologies Ltd. 30,000 0.00 0.00* GVK Power & Infrastructures Ltd. Power 350,000 90.83 1.02 ICICI Bank Ltd. Banks 90,170 1,006.48 7.32 Numero Uno International Ltd. 2,900 0.00 0.00* Larsen & Toubro Ltd. Construction Project 5,400 89.28 1.00 ITC Ltd. Consumer Non Durables 414,084 754.05 5.48 Total 0.15 0.00* Simplex Infrastructures Ltd. Construction 25,000 81.64 0.91 Housing Development Finance Corp. Ltd. Finance 101,692 713.06 5.19 Consolidated Construction Consortium Ltd. Construction 160,000 80.79 0.91 Larsen & Toubro Ltd. Construction Project 41,694 688.74 5.01 Gujarat NRE Coke Ltd. Minerals/Mining 10,000 2.95 0.03 Debt Instruments Rating HDFC Bank Ltd. Banks 27,835 652.97 4.75 Total 8,392.88 94.02 State Bank Of India Banks 20,256 560.14 4.07 (a) Listed/Awaiting listing on Stock Exchanges Tata Consultancy Services Ltd. Software 39,848 471.76 3.43 Non-Traded/Thinly Traded Scrips Call,Cash & Other Assets 532.66 5.98 Bharti Airtel Ltd. Telecom - Services 95,548 341.49 2.48 Dr Reddy's Laboratories Ltd. LAA+ 510,000 25.47 0.03 Tata Motors Ltd. Auto 25,442 317.61 2.31 Total 25.47 0.03 Net Assets 8,925.54 100.00 Oil & Natural Gas Corp. Ltd. Oil 106,061 308.96 2.25 Tata Steel Ltd. Ferrous Metals 47,897 298.04 2.17 Totals 78,342.21 93.23 Note: Axis Bank Ltd. Banks 20,146 282.82 2.06 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Bharat Heavy Electricals Ltd. Industrial Capital Goods 12,426 256.30 1.86

Call,Cash & Other Assets 5,696.71 6.77 Mahindra & Mahindra Ltd. Auto 34,671 242.82 1.77 NAV as on 30-Sep-2010 Hindustan Unilever Ltd. Diversified 82,275 236.21 1.72 ` Dividend Plan ( ) 12.7006 Sterlite Industries (India) Ltd. Non - Ferrous Metals 124,314 215.93 1.57 Net Assets 84,038.92 100.00 Growth Plan (`) 13.2960 Hindalco Industries Ltd. Non - Ferrous Metals 102,401 214.17 1.56 Jindal Steel & Power Ltd. Ferrous Metals 30,577 213.21 1.55 *Less than 0.01% NAV as on 31-Mar-2011 Dividend Plan (`) 11.3343 NTPC Ltd. Power 100,125 193.34 1.41 Note: Growth Plan (`) 11.8656 Wipro Ltd. Software 39,619 190.25 1.38 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Co. Ltd. Power 12,717 169.79 1.23 b) Dividends declared during the Half - year ended March 31, 2011: NIL GAIL India Ltd. Gas 35,158 163.13 1.19 NAV as on 30-Sep-2010 Bajaj Auto Ltd. Auto 10,635 155.62 1.13 Dividend Plan (`) 35.7126 c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011 33.70% Dr. Reddy's Laboratories Ltd. Pharmaceuticals 9,433 154.61 1.12 Growth Plan (`) 217.2435 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 29,629 131.11 0.95 FRANKLIN FMCG FUND Maruti Suzuki India Ltd. Auto 10,386 131.09 0.95 NAV as on 31-Mar-2011 Infrastructure Development Finance Co. Ltd. Finance 83,507 129.10 0.94 Company Name Industry Classification Quantity Market Value % to Net Dividend Plan (`) 30.8892 Ltd. Pharmaceuticals 39,841 128.15 0.93 (` in Lakhs) Assets Growth Plan (`) 212.9094 Punjab National Bank Ltd. Banks 10,411 126.25 0.92 Kotak Mahindra Bank Ltd. Banks 27,510 125.95 0.92 Equity & Equity Related Hero Honda Motors Ltd. Auto 7,549 119.99 0.87 b) Dividends declared during the Half - year ended March 31, 2011: (a) Listed/Awaiting listing on Stock Exchanges Grasim Industries Ltd. Cement 4,838 118.86 0.86 Nestle India Ltd. Consumer Non Durables 17,000 623.65 12.68 Cairn India Ltd. Oil 33,750 118.45 0.86 Plan Name Dividend per unit ITC Ltd. Consumer Non Durables 320,000 580.64 11.81 Power Grid Corporation of India Ltd. Power 110,729 112.83 0.82 Asian Paints Ltd. Consumer Non Durables 17,750 448.53 9.12 Siemens India Ltd. Industrial Capital Goods 11,831 104.24 0.76 Dividend Plan 4.0000 Marico Ltd. Consumer Non Durables 278,000 385.73 7.85 Ambuja Cements Ltd. Cement 64,707 95.38 0.69 Pidilite Industries Ltd. Chemicals 210,000 313.32 6.37 c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011 43.35% HCL Technologies Ltd. Software 18,503 88.44 0.64 GlaxoSmithkline Consumer Sesa Goa Ltd. Minerals/Mining 29,724 86.60 0.63 Healthcare Ltd. Consumer Non Durables 12,700 284.21 5.78 d) ** Total value and percentage of illiquid securities ` 0.15 Lakhs and 0.0002% of net assets ACC Ltd. Cement 7,963 85.57 0.62 Dabur India Ltd. Consumer Non Durables 255,000 244.93 4.98 Jaiprakash Associates Ltd. Cement 90,911 84.37 0.61 Ltd. Consumer Non Durables 60,000 239.97 4.88 Steel Authority of India Ltd. Ferrous Metals 46,071 78.14 0.57 FRANKLIN INDIA SMALLER COMPANIES FUND Hindustan Unilever Ltd. Diversified 80,000 227.68 4.63 DLF Ltd. Construction 28,529 76.61 0.56 Tata Global Beverages Ltd. Consumer Non Durables 165,000 161.29 3.28 Company Name Industry Classification Quantity Market Value % to Net Reliance Infrastructure Ltd. Power 11,009 75.96 0.55 Ltd. Consumer Non Durables 14,750 154.96 3.15 (` in Lakhs) Assets Bharat Petroleum Corp. Ltd. Petroleum Products 10,245 62.68 0.46 Ltd. Consumer Non Durables 40,000 148.22 3.01 Reliance Communications Ltd. Telecom - Services 52,450 56.46 0.41 Godrej Consumer Products Ltd. Consumer Non Durables 40,000 146.16 2.97 Equity & Equity Related Ltd. Power 43,095 56.20 0.41 Jyothy Laboratories Ltd. Consumer Non Durables 60,000 131.88 2.68 (a) Listed/Awaiting listing on Stock Exchanges Ranbaxy Laboratories Ltd. Pharmaceuticals 11,796 52.56 0.38 United Breweries Ltd. Consumer Non Durables 20,000 96.11 1.95 Pidilite Industries Ltd. Chemicals 1,954,172 2,915.62 5.78 Reliance Capital Ltd. Finance 8,853 51.62 0.38 Zydus Wellness Ltd. Consumer Non Durables 14,688 87.72 1.78 South Indian Bank Ltd. Banks 10,746,302 2,455.53 4.87 Total 13,719.83 99.77 Globus Spirits Ltd. Consumer Non Durables 57,500 82.37 1.68 Federal Bank Ltd. Banks 575,300 2,409.93 4.78 Colgate Palmolive (India) Ltd. Consumer Non Durables 10,000 81.48 1.66 IndusInd Bank Ltd. Banks 891,808 2,351.70 4.66 Call,Cash & Other Assets 31.49 0.23 Titan Industries Ltd. Consumer Non Durables 2,000 76.22 1.55 Gujarat State Petronet Ltd. Gas 2,211,989 2,193.19 4.35 India Ltd. Consumer Non Durables 55,000 48.46 0.99 Jagran Prakashan Ltd. Media & Entertainment 1,561,506 1,994.82 3.96 Net Assets 13,751.32 100.00 Agro Tech Foods Ltd. Consumer Non Durables 12,500 46.59 0.95 Ipca Laboratories Ltd. Pharmaceuticals 660,134 1,990.96 3.95 Jubilant Foodworks Ltd. Consumer Non Durables 6,288 33.91 0.69 Bharti Airtel Ltd. Telecom - Services 547,430 1,957.06 3.88 Note: Total 4,644.03 94.44 Yes Bank Ltd. Banks 592,928 1,837.48 3.64 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011

Crompton Greaves Ltd. Industrial Capital Goods 644,185 1,758.30 3.49 Debt Instruments Rating Zuari Industries Ltd. Fertilisers 247,425 1,526.49 3.03 NAV as on 30-Sep-2010 Listed/Awaiting listing on Stock Exchanges ` FDC Ltd. Pharmaceuticals 1,426,280 1,450.53 2.88 Dividend Option ( ) 47.4890 (a) Privately Placed / Unlisted Growth Option (`) 47.4890 Amara Raja Batteries Ltd. Auto Ancillaries 753,601 1,425.44 2.83 Tata Coffee Ltd AA 25,000 24.16 0.49 IBN18 Broadcast Ltd. Media & Entertainment 1,455,551 1,356.57 2.69 Britannia Industries Ltd AAA 8,000 13.18 0.27 NAV as on 31-Mar-2011 Adhunik Metaliks Ltd. Ferrous Metals 1,458,787 1,344.27 2.67 Total 37.34 0.76 Dividend Option (`) 45.7252 Gujarat Mineral Development Corp. Ltd. Minerals/Mining 989,782 1,343.13 2.66 Growth Option (`) 45.7252 Consolidated Construction Consortium Ltd. Construction 2,534,565 1,279.96 2.54 Totals 4,681.37 95.20 Exide Industries Ltd. Auto Ancillaries 877,859 1,253.14 2.48 b) Dividends declared during the Half - year ended March 31, 2011: NIL JK Lakshmi Cement Ltd. Cement 2,118,612 1,081.55 2.14 Call,Cash & Other Assets 235.34 4.80 Sintex Industries Ltd. Industrial Products 708,948 1,074.77 2.13 c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011 14.94% Ashok Leyland Ltd. Auto 1,607,640 914.75 1.81 Net Assets 4,916.71 100.00 Television Eighteen India Ltd. Media & Entertainment 1,134,152 879.53 1.74 FRANKLIN INDIA INDEX TAX FUND Thermax Ltd. Industrial Capital Goods 141,613 853.08 1.69 Orient Paper & Industries Ltd. Cement 1,492,122 831.86 1.65 Note: Company Name Industry Classification Quantity Market Value % to Net ` Sobha Developers Ltd. Construction 230,619 679.17 1.35 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 ( in Lakhs) Assets BGR Energy Systems Ltd. Industrial Capital Goods 136,760 652.55 1.29 Equity & Equity Related Tecpro Systems Ltd. Industrial Capital Goods 219,825 616.83 1.22 NAV as on 30-Sep-2010 (a) Listed/Awaiting listing on Stock Exchanges ` India Cements Ltd. Cement 643,484 615.17 1.22 Dividend Plan ( ) 43.3123 Reliance Industries Ltd. Petroleum Products 2,572 26.98 10.10 ` Voltas Ltd. Construction Project 338,127 614.21 1.22 Growth Plan ( ) 69.0081 Infosys Technologies Ltd. Software 733 23.76 8.89

Cummins India Ltd. Industrial Products 86,808 594.24 1.18 ICICI Bank Ltd. Banks 1,744 19.47 7.29 NAV as on 31-Mar-2011 Sundaram Finance Ltd. Finance 112,484 547.80 1.09 ITC Ltd. Consumer Non Durables 8,012 14.59 5.46 Dividend Plan (`) 41.1019 Triveni Engineering & Industries Ltd. Consumer Non Durables 519,047 498.29 0.99 Housing Development Finance Corp. Ltd. Finance 1,967 13.79 5.16 Growth Plan (`) 65.4863 VA Tech Wabag Ltd. Engineering Services 37,430 471.22 0.93 Larsen & Toubro Ltd. Construction Project 806 13.31 4.98 TRF Ltd. Industrial Capital Goods 100,075 462.35 0.92 b) Dividends declared during the Half - year ended March 31, 2011: NIL HDFC Bank Ltd. Banks 538 12.62 4.72 Alstom Projects India Ltd. Industrial Capital Goods 69,132 405.63 0.80 State Bank Of India Banks 392 10.84 4.06 Berger Paints India Ltd. Consumer Non Durables 456,248 401.95 0.80 c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011 6.04% Tata Consultancy Services Ltd. Software 771 9.13 3.42 Taj GVK Hotels & Resorts Ltd. Hotels 410,802 381.43 0.76 Bharti Airtel Ltd. Telecom - Services 1,851 6.62 2.48 Rallis India Ltd. Pesticides 28,620 377.93 0.75 Tata Motors Ltd. Auto 492 6.14 2.30 Ltd. Pharmaceuticals 30,163 369.48 0.73 FRANKLIN INDIA INDEX FUND - BSE SENSEX PLAN Oil & Natural Gas Corp. Ltd. Oil 2,052 5.98 2.24 Simplex Infrastructures Ltd. Construction 105,399 344.18 0.68 Company Name Industry Classification Quantity Market Value % to Net Tata Steel Ltd. Ferrous Metals 925 5.76 2.16 Mahindra & Mahindra Financial Services Ltd. Finance 43,233 337.11 0.67 (` in Lakhs) Assets Axis Bank Ltd. Banks 390 5.48 2.05 Apollo Tyres Ltd. Auto Ancillaries 475,100 330.43 0.66 Bharat Heavy Electricals Ltd. Industrial Capital Goods 240 4.95 1.85 Escorts Ltd. Auto 233,649 330.26 0.65 Equity & Equity Related Mahindra & Mahindra Ltd. Auto 672 4.71 1.76 ICRA Ltd. Finance 25,000 271.01 0.54 (a) Listed/Awaiting listing on Stock Exchanges Hindustan Unilever Ltd. Diversified 1,591 4.57 1.71 Bajaj Corp. Ltd. Consumer Non Durables 48,615 243.30 0.48 Reliance Industries Ltd. Petroleum Products 75,259 788.56 12.17 Sterlite Industries (India) Ltd. Non - Ferrous Metals 2,406 4.18 1.56 AIA Engineering Ltd. Industrial Capital Goods 55,178 192.06 0.38 Infosys Technologies Ltd. Software 20,403 660.39 10.19 Hindalco Industries Ltd. Non - Ferrous Metals 1,983 4.15 1.55 Jindal Steel & Power Ltd. Ferrous Metals 589 4.11 1.54 Totals 48,216.26 95.61 ICICI Bank Ltd. Banks 47,986 533.96 8.24 NTPC Ltd. Power 1,933 3.73 1.40 ITC Ltd. Consumer Non Durables 225,314 408.83 6.31 Wipro Ltd. Software 766 3.68 1.38 Call, Cash & Other Assets 2,219.61 4.39 Housing Development Finance Corp. Ltd. Finance 54,965 384.15 5.93 Tata Power Co. Ltd. Power 245 3.27 1.22 Larsen & Toubro Ltd. Construction Project 22,847 377.72 5.83 Net Assets 50,435.87 100.00 GAIL India Ltd. Gas 677 3.14 1.17 HDFC Bank Ltd. Banks 15,506 363.30 5.61 Bajaj Auto Ltd. Auto 205 3.00 1.12 State Bank of India Banks 11,951 330.79 5.10 Note: Maruti Suzuki India Ltd. Auto 201 2.54 0.95 Tata Consultancy Services Ltd. Software 24,584 290.71 4.49 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 567 2.51 0.94 Oil & Natural Gas Corp. Ltd. Oil 71,232 206.64 3.19 Infrastructure Development Finance Co. Ltd. Finance 1,619 2.50 0.94 NAV as on 30-Sep-2010 Bharti Airtel Ltd. Telecom - Services 55,524 198.50 3.06 Cipla Ltd. Pharmaceuticals 770 2.48 0.93 Dividend Plan (`) 14.6394 Tata Motors Ltd. Auto 14,202 177.17 2.73 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 150 2.46 0.92 Growth Plan (`) 15.8108 Tata Steel Ltd. Ferrous Metals 26,421 163.94 2.53 Kotak Mahindra Bank Ltd. Banks 534 2.44 0.91 Bharat Heavy Electricals Ltd. Industrial Capital Goods 7,149 147.33 2.27 Punjab National Bank Ltd. Banks 201 2.44 0.91 NAV as on 31-Mar-2011 NTPC Ltd. Power 68,847 132.87 2.05 Grasim Industries Ltd. Cement 95 2.33 0.87 ` Hero Honda Motors Ltd. Auto 146 2.32 0.87 Dividend Plan ( ) 13.1614 Mahindra & Mahindra Ltd. Auto 18,723 130.80 2.02 Growth Plan (`) 14.2145 Cairn India Ltd. Oil 653 2.29 0.86 Hindustan Unilever Ltd. Diversified 45,614 129.82 2.00 Power Grid Corporation of India Ltd. Power 2,144 2.18 0.82 Jindal Steel & Power Ltd. Ferrous Metals 17,607 123.00 1.90 b) Dividends declared during the Half - year ended March 31, 2011: NIL Siemens India Ltd. Industrial Capital Goods 231 2.04 0.76 Wipro Ltd. Software 25,629 122.58 1.89 Ambuja Cements Ltd. Cement 1,252 1.85 0.69 c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011 22.98% Sterlite Industries (India) Ltd. Non - Ferrous Metals 69,977 121.34 1.87 HCL Technologies Ltd. Software 362 1.73 0.65 Hindalco Industries Ltd. Non - Ferrous Metals 56,222 117.31 1.81 Sesa Goa Ltd. Minerals/Mining 573 1.67 0.62 FRANKLIN BUILD INDIA FUND Tata Power Co. Ltd. Power 6,969 92.71 1.43 ACC Ltd. Cement 154 1.65 0.62 Company Name Industry Classification Quantity Market Value % to Net Bajaj Auto Ltd. Auto 6,037 88.13 1.36 Jaiprakash Associates Ltd. Cement 1,767 1.64 0.61 (` in Lakhs) Assets Maruti Suzuki India Ltd. Auto 6,022 76.09 1.17 Steel Authority of India Ltd. Ferrous Metals 895 1.52 0.57 Cipla Ltd. Pharmaceuticals 21,927 70.40 1.09 DLF Ltd. Construction 549 1.47 0.55 Equity & Equity Related Hero Honda Motors Ltd. Auto 4,179 66.30 1.02 Reliance Infrastructure Ltd. Power 213 1.47 0.55 (a) Listed/Awaiting listing on Stock Exchanges DLF Ltd. Construction 17,832 47.65 0.74 Bharat Petroleum Corp. Ltd. Petroleum Products 197 1.21 0.45 Reliance Power Ltd. Power 836 1.09 0.41 Bharti Airtel Ltd. Telecom - Services 150,000 536.25 6.01 Jaiprakash Associates Ltd. Cement 48,746 45.09 0.70 Reliance Communications Ltd. Telecom - Services 1,011 1.09 0.41 Cummins India Ltd. Industrial Products 78,000 533.95 5.98 Reliance Infrastructure Ltd. Power 6,072 41.77 0.64 Ranbaxy Laboratories Ltd. Pharmaceuticals 228 1.01 0.38 Reliance Industries Ltd. Petroleum Products 48,000 502.94 5.63 Reliance Communications Ltd. Telecom - Services 30,031 32.35 0.50 Reliance Capital Ltd. Finance 170 0.98 0.37 Bank of Baroda Banks 52,000 500.84 5.61 Total 6,470.20 99.84 Total 264.87 99.13 Oil & Natural Gas Corp. Ltd. Oil 168,000 487.37 5.46 Infosys Technologies Ltd. Software 12,000 388.41 4.35 Call,Cash & Other Assets 10.20 0.16 Call,Cash & Other Assets 2.37 0.87 ICICI Bank Ltd. Banks 33,500 372.77 4.18 Bajaj Auto Ltd. Auto 25,000 364.95 4.09 Net Assets 6,480.40 100.00 Net Assets 267.24 100.00 UNAUDITED HALF - YEARLY PORTFOLIO STATEMENT OF THE SCHEMES OF FRANKLIN TEMPLETON MUTUAL FUND AS ON MARCH 31, 2011

FRANKLIN INDIA INDEX TAX FUND (Contd.) FT INDIA LIFE STAGE FUND OF FUNDS - THE 30'S PLAN FT INDIA DYNAMIC PE RATIO FUND OF FUNDS (Contd.)

Note: Company Name Quantity Market Value % to Net b) Dividends declared during the Half - year ended March 31, 2011: ` a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 ( in Lakhs) Assets Dividend per unit Mutual Fund Units Plan Name ` NAV as on 30-Sep-2010 ( ) 46.1464 Franklin India Bluechip Fund 123,408 270.64 34.22 Individuals/HUF Others

NAV as on 31-Mar-2011 (`) 44.5362 Templeton India Income Fund 740,605 247.79 31.33 Templeton India Income Builder Account 640,563 205.57 25.99 Dividend Plan 2.6353 2.4561 Templeton India Growth Fund 29,950 35.83 4.53 b) Dividends declared during the Half - year ended March 31, 2011: NIL c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011 76.74% Franklin India Prima Fund 13,100 35.08 4.44 c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011 5.98% Total 794.91 100.51 TEMPLETON INDIA EQUITY INCOME FUND Call,Cash & Other Assets (4.06) (0.51) FRANKLIN INFOTECH FUND Company Name Industry Classification Quantity Market Value % to Net Net Assets 790.85 100.00 (` in Lakhs) Assets Company Name Industry Classification Quantity Market Value % to Net Note: (` in Lakhs) Assets Equity & Equity Related a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 (a) Listed/Awaiting listing on Stock Exchanges Equity & Equity Related NAV as on 30-Sep-2010 Tata Chemicals Ltd. Fertilisers 2,550,000 8,627.93 7.59 (a) Listed/Awaiting listing on Stock Exchanges Dividend Option (`)# 28.2102 Sundaram Finance Ltd. Finance 1,447,106 7,047.41 6.20 Infosys Technologies Ltd. Software 240,000 7,768.20 50.91 Growth Option (`)# 28.2102 Oil & Natural Gas Corp. Ltd. Oil 2,400,000 6,962.40 6.12 Tata Consultancy Services Ltd. Software 330,000 3,902.25 25.58 Union Bank of India Ltd. Banks 1,600,000 5,559.20 4.89 NAV as on 31-Mar-2011 Wipro Ltd. Software 316,666 1,514.61 9.93 Hindalco Industries Ltd. Non - Ferrous Metals 2,400,000 5,007.60 4.40 Dividend Option (`) 24.1466 Oracle Financial Services Software Ltd. Software 24,000 476.18 3.12 ICICI Bank Ltd. Banks 450,000 5,007.38 4.40 Growth Option (`) 28.0881 Infotech Enterprises Ltd. Software 200,000 321.60 2.11 Tata Investment Corp. Ltd. Finance 900,000 4,592.25 4.04 Eclerx Services Ltd. Software 40,000 257.86 1.69 b) Dividends declared during the Half - year ended March 31, 2011: Grasim Industries Ltd. Cement 175,333 4,315.38 3.80 Firstsource Solutions Ltd. Software 400,000 72.00 0.47 Dividend per unit E.I.D. - Parry (India) Ltd. Consumer Non Durables 1,458,276 3,126.54 2.75 Ltd. Software 10,000 41.56 0.27 Plan Name Steel Authority of India Ltd. Ferrous Metals 1,750,000 2,970.63 2.61 MindTree Ltd. Software 10,000 39.30 0.26 Individuals/HUF Others Tata Steel Ltd. Ferrous Metals 450,000 2,792.25 2.46 Mastek Ltd. Software 15,000 18.26 0.12 JK Cements Ltd. Cement 1,876,794 2,619.07 2.30 Intrasoft Technologies Ltd. Software 17,500 11.57 0.08 Dividend Option 3.5137 3.2748 Sesa Goa Ltd. Minerals/Mining 869,523 2,525.09 2.22 Total 14,423.39 94.54 Reliance Industries Ltd. Petroleum Products 240,000 2,514.72 2.21 c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011 22.37% Gujarat Gas Co. Ltd. Gas 579,685 2,228.89 1.96 (b) Unlisted** Bharti Airtel Ltd. Telecom - Services 620,100 2,216.86 1.95 Collabera Solutions Private Ltd. 970,000 4.07 0.03 FT INDIA LIFE STAGE FUND OF FUNDS - THE 40'S PLAN GAIL India Ltd. Gas 400,000 1,860.00 1.64 ING Vysya Bank Ltd. Banks 502,000 1,612.68 1.42 Total 4.07 0.03 Company Name Quantity Market Value % to Net HCL Infosystems Ltd. Telecom - Equipment & Accessories 1,193,129 1,218.18 1.07 (` in Lakhs) Assets Usha Martin Ltd. Ferrous Metals 1,841,375 1,053.27 0.93 Totals 14,427.46 94.57 Ashok Leyland Ltd. Auto 1,250,000 711.25 0.63 Mutual Fund Units Coal India Ltd. Minerals/Mining 99,032 343.74 0.30 Call,Cash & Other Assets 830.29 5.43 Templeton India Income Fund 1,405,907 470.34 36.43 Templeton India Income Builder Account 1,250,499 401.27 31.08 MOIL Ltd. Ferrous Metals 62,528 246.69 0.22 Total 75,159.41 66.11 Franklin India Bluechip Fund 114,513 251.02 19.44 Net Assets 15,257.75 100.00 Franklin India Prima Fund 42,742 114.40 8.86 Foreign Equity Securities Templeton India Growth Fund 48,830 58.39 4.52 Note: LUKOIL Holdings, ADR Oil 130,000 4,128.76 3.63 Total 1,295.42 100.33 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Lotte Shopping Co. Ltd. Retailing 20,000 3,651.72 3.21 NAV as on 30-Sep-2010 Call,Cash & Other Assets (4.39) (0.33) Samsung Heavy Industries Co. Ltd. Consumer Durables 200,000 3,245.07 2.85 Dividend Plan (`) 21.3813 Freeworld Coatings Ltd. Retailing 4,000,000 3,016.25 2.65 United Microelectronics Corp. Semiconductors 13,000,000 3,014.97 2.65 Growth Plan (`) 62.8277 Net Assets 1,291.03 100.00 Chongqing Machinery NAV as on 31-Mar-2011 Note: and Electric Co. Ltd. Industrial Capital Goods 18,780,000 2,807.93 2.47 Dividend Plan (`) 21.3927 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 IS Yatirim Menkul Degerler AS Finance 3,350,448 2,449.73 2.15 Growth Plan (`) 69.0796 NAV as on 30-Sep-2010 Travelsky Technology Ltd. Software 5,556,000 2,415.76 2.12 Dividend Option (`)# 17.4455 Shanghai Prime Machinery Co. Ltd. Industrial Products 25,000,000 2,334.41 2.05 b) Dividends declared during the Half - year ended March 31, 2011: Cosco Pacific Ltd. Transportation 2,748,000 2,310.96 2.03 Growth Option (`)# 23.3674 Pacific Corp. Consumer Non Durables 21,567 1,732.12 1.52 Plan Name Dividend per unit NAV as on 31-Mar-2011 GS Home Shopping Inc. Retailing 25,000 1,386.68 1.22 Dividend Option (`) 14.9235 Anglo American PLC Minerals/Mining 50,000 1,158.96 1.02 Dividend Plan 2.0000 Growth Option (`) 23.2931 Novatek Microelectronics Corp. Ltd. Semiconductors 677,438 889.27 0.78 Embotelladora Andina SA Consumer Non Durables 400,000 688.15 0.61 b) Dividends declared during the Half - year ended March 31, 2011: c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011 NIL China Coal Energy Co. Power 1,000,000 607.24 0.53 Dividend per unit Sinotrans Ltd. Transportation 4,208,000 455.61 0.40 d) ** Total value and percentage of illiquid securities ` 4.07 Lakhs and 0.027% of net assets Plan Name Uni-President China Holdings Ltd. Consumer Non Durables 929,000 211.82 0.19 Individuals/HUF Others Total 36,505.41 32.08 FRANKLIN PHARMA FUND Dividend Option 2.1961 2.0467 Totals 111,664.82 98.19 Company Name Industry Classification Quantity Market Value % to Net

(` in Lakhs) Assets c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011 22.88% Call,Cash & Other Assets 2,046.23 1.81 Equity & Equity Related FT INDA LIFE STAGE FUND OF FUNDS - THE 50'S PLUS PLAN (a) Listed/Awaiting listing on Stock Exchanges Net Assets 113,711.05 100.00 Cadila Healthcare Ltd. Pharmaceuticals 169,038 1,337.60 9.06 Company Name Quantity Market Value % to Net Note: Dr. Reddy's Laboratories Ltd. Pharmaceuticals 81,000 1,327.23 8.99 (` in Lakhs) Assets a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Lupin Ltd. Pharmaceuticals 255,000 1,059.14 7.18 Torrent Pharmaceuticals Ltd. Pharmaceuticals 170,000 983.20 6.66 Mutual Fund Units NAV as on 30-Sep-2010 Ipca Laboratories Ltd. Pharmaceuticals 300,000 904.80 6.13 Templeton India Income Fund 2,988,938 999.94 45.69 Dividend Plan (`) 15.9128 Pfizer Ltd. Pharmaceuticals 65,000 796.22 5.40 Templeton India Income Builder Account 2,068,386 663.73 30.33 Growth Plan (`) 21.3921 Franklin India Bluechip Fund 195,031 427.48 19.53 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 150,000 662.70 4.49 NAV as on 31-Mar-2011 Templeton India Growth Fund 85,927 102.73 4.69 Piramal Healthcare Ltd. Pharmaceuticals 156,123 650.88 4.41 Dividend Plan (`) 14.7659 Cipla Ltd. Pharmaceuticals 195,000 626.05 4.24 Total 2,193.88 100.24 Growth Plan (`) 20.8198 Enterprises Ltd. Healthcare Services 119,070 561.06 3.80 Ranbaxy Laboratories Ltd. Pharmaceuticals 108,000 479.57 3.25 Call,Cash & Other Assets (5.44) (0.24) b) Dividends declared during the Half - year ended March 31, 2011: Aurobindo Pharmaceuticals Ltd. Pharmaceuticals 230,000 450.57 3.05 Net Assets 2,188.44 100.00 Glaxosmithkline Pharmaceuticals Ltd. Pharmaceuticals 17,569 367.97 2.49 Plan Name Dividend per unit

FDC Ltd. Pharmaceuticals 350,000 355.95 2.41 Note: Zydus Wellness Ltd. Consumer Non Durables 54,120 323.23 2.19 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Dividend Plan 0.7000 Wyeth Ltd. Pharmaceuticals 34,000 293.47 1.99 NAV as on 30-Sep-2010 Aventis Pharma Ltd. Pharmaceuticals 13,000 260.29 1.76 c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011 3.49% Ltd. Pharmaceuticals 77,900 220.92 1.50 Dividend Option (`)# 12.6269 Ltd. Pharmaceuticals 60,000 206.37 1.40 Growth Option (`)# 18.6565 Unichem Laboratories Ltd. Pharmaceuticals 100,000 189.30 1.28 FRANKLIN ASIAN EQUITY FUND NAV as on 31-Mar-2011 Fulford (India) Ltd. Pharmaceuticals 16,866 152.33 1.03 Dividend Option (`) 12.3389 Company Name Industry Classification Quantity Market Value % to Net Ltd. Pharmaceuticals 54,000 147.66 1.00 ` Growth Option (`) 18.8232 ( in Lakhs) Assets Advanced Research Co. Ltd. Pharmaceuticals 137,481 98.99 0.67 Jubilant Life Sciences Ltd. Pharmaceuticals 50,000 82.45 0.56 b) Aggregate Dividends declared during the Half - year ended March 31, 2011: Equity & Equity Related Ltd. Healthcare Services 50,000 75.63 0.51 (a) Listed/Awaiting listing on Stock Exchanges Dividend per unit Shasun Pharmaceuticals Ltd. Pharmaceuticals 100,000 51.95 0.35 Bharti Airtel Ltd. Telecom - Services 185,251 662.27 2.84 Dishman Pharmaceuticals & Chemicals Ltd. Pharmaceuticals 50,000 50.94 0.35 Plan Name Individuals/HUF Others Union Bank of India Ltd. Banks 119,995 416.92 1.79 Venus Remedies Ltd. Pharmaceuticals 12,000 24.21 0.16 IndusInd Bank Ltd. Banks 110,830 292.26 1.26 Total 12,740.68 86.31 Dividend Option 0.3514 0.3275 Infosys Technologies Ltd. Software 8,951 289.72 1.24 Debt Instruments Rating c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011 37.54% Yes Bank Ltd. Banks 91,084 282.27 1.21 Listed/Awaiting listing on Stock Exchanges Tata Steel Ltd. Ferrous Metals 38,103 236.43 1.02 (a) Non-Traded/Thinly Traded Scrips FT INDIA LIFE STAGE FUND OF FUNDS - THE 50'S PLUS FLOATING RATE PLAN DB Corp. Ltd. Media & Entertainment 92,393 227.52 0.98 Dr Reddy's Laboratories Ltd. LAA+ 486000 24.27 0.16 Gujarat Mineral Development Corp. Ltd. Minerals/Mining 158,833 215.54 0.93 Total 24.27 0.16 Company Name Quantity Market Value % to Net ` GAIL India Ltd. Gas 43,500 202.28 0.87 ( in Lakhs) Assets Cummins India Ltd. Industrial Products 21,033 143.98 0.62 Totals 12,764.95 86.47 Mutual Fund Units JSW Steel Ltd. Ferrous Metals 13,484 123.55 0.53 Templeton Floating Rate Income Fund 65,127,822 11,670.56 80.74 Call,Cash & Other Assets 1,993.46 13.53 Television Eighteen India Ltd. Media & Entertainment 144,104 111.75 0.48 Franklin India Bluechip Fund 969,359 2,124.20 14.70 Asian Paints Ltd. Consumer Non Durables 2,744 69.34 0.30 Templeton India Growth Fund 576,396 689.00 4.77 Net Assets 14,758.41 100.00 Total 14,483.76 100.21 Total 3,273.83 14.07

Note: a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Call,Cash & Other Assets (29.10) (0.21) Foreign Equity Securities Taiwan Semiconductor Manufacturing Co. Ltd. Hardware 1,472,590 1,575.92 6.77 NAV as on 30-Sep-2010 Net Assets 14,454.66 100.00 Hong Kong Exchanges & Clearing Ltd. Finance 92,200 891.04 3.83 Dividend Plan (`) 32.1140 China Shenhua Energy Co. Ltd. Power 416,500 875.65 3.76 Growth Plan (`) 60.6844 Note: Meritz Fire & Marine Insurance Co. Ltd. Finance 169,718 747.86 3.21 NAV as on 31-Mar-2011 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Parkson Retail Group Ltd. Retailing 1,191,651 730.44 3.14 Dividend Plan (`) 32.5805 NAV as on 30-Sep-2010 China Overseas Land & Investment Ltd. Construction 751,600 684.60 2.94 Growth Plan (`) 61.5658 ` Dividend Option ( )# 13.0192 Dairy Farm International Holdings Ltd. Consumer Non Durables 182,670 677.46 2.91 Growth Option (`)# 19.1661 b) Dividends declared during the Half - year ended March 31, 2011: NIL China Construction Bank Corp. Banks 1,573,360 657.06 2.82 c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011 4.10% NAV as on 31-Mar-2011 Woori Finance Holdings Co. Ltd. Banks 103,392 611.75 2.63 Dividend Option (`) 12.8516 Bangkok Bank Public Co. Ltd. Banks 236,356 604.17 2.60 FT INDIA LIFE STAGE FUND OF FUNDS - THE 20'S PLAN Growth Option (`) 19.5098 China Resources Land Ltd. Construction 704,000 587.20 2.52 Company Name Quantity Market Value % to Net b) Aggregate Dividends declared during the Half - year ended March 31, 2011: Travelsky Technology Ltd. Software 1,254,000 545.24 2.34 (` in Lakhs) Assets PT United Tractors Tbk Industrial Capital Goods 477,478 530.41 2.28

Dividend per unit Hyundai Motor Co. Ltd. Auto 6,378 526.50 2.26 Mutual Fund Units Plan Name Samsung Electronics Co. Ltd. Hardware 1,365 517.33 2.22 Franklin India Bluechip Fund 284,879 624.25 50.06 Individuals/HUF Others Templeton India Income Fund 598,494 200.20 16.05 Singapore Exchange Ltd. Finance 164,000 455.24 1.96 Templeton India Income Builder Account 621,225 199.32 15.98 Dividend Option 0.3514 0.3275 Fushan International Energy Group Ltd. Minerals/Mining 1,384,000 443.20 1.90 Templeton India Growth Fund 96,659 115.54 9.26 PetroChina Co. Ltd. Petroleum Products 650,466 441.19 1.90 c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011: 20.22% Franklin India Prima Fund 42,353 113.32 9.09 Singapore Airport Terminal Services Ltd. Transportation 495,156 439.49 1.89 Total 1,252.63 100.44 Esprit Holdings Ltd. Retailing 214,411 438.50 1.88 FT INDIA DYNAMIC PE RATIO FUND OF FUNDS Korea Zinc Co. Ltd. Non - Ferrous Metals 2,374 385.19 1.65 Call,Cash & Other Assets (5.57) (0.44) Company Name Quantity Market Value % to Net CNOOC Ltd. Oil 332,000 373.53 1.60 ` ( in Lakhs) Assets Hang Lung Properties Ltd. Construction 180,000 353.17 1.52 Net Assets 1,247.06 100.00 Siam Commercial Bank Public Co. Ltd. Banks 185,600 295.32 1.27 Note: Mutual Fund Units CP All PCL Retailing 495,100 291.77 1.25 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 Templeton India Income Fund 260,018,186 86,975.26 54.34 Franklin India Bluechip Fund 33,737,876 73,924.30 46.19 Industrial and Commercial Bank of China Ltd. Banks 779,973 288.64 1.24 NAV as on 30-Sep-2010 Total 160,899.56 100.53 China Merchants Bank Co. Ltd. Banks 230,000 283.94 1.22 Dividend Option (`)# 38.1169 Longtop Financial Technologies Ltd., ADR Software 19,915 276.88 1.19 Growth Option (`)# 38.1169 Call,Cash & Other Assets (840.53) (0.53) Hyundai Steel Co. Ferrous Metals 4,850 276.12 1.19 NAV as on 31-Mar-2011 Net Assets 160,059.03 100.00 Tong Yang Life Insurance Co. Ltd. Finance 52,017 272.87 1.17 Dividend Option (`) 31.4133 LG Display Co. Ltd. Hardware 19,154 267.94 1.15 Growth Option (`) 37.1678 Note: GS Engineering & Construction Corp. Construction 5,495 256.97 1.10 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 b) Dividends declared during the Half - year ended March 31, 2011: Dongfeng Motor Group Co. Ltd. Auto 336,000 254.85 1.09 Dividend per unit NAV as on 30-Sep-2010 Cando Corp. Hardware 694,018 239.86 1.03 Plan Name Dividend Plan (`)# 36.5829 Yingde Gases Group Co. Ltd. Gas 604,000 224.91 0.97 Individuals/HUF Others Growth Plan (`)# 39.9618 PT Bank Rakyat Indonesia (Persero) Tbk Banks 757,500 222.97 0.96 Dividend Option 5.2705 4.9122 NAV as on 31-Mar-2011 Bursa Malaysia Bhd. Finance 165,000 202.28 0.87 Dividend Plan (`) 34.1571 NVC Lighting Holdings Ltd. Consumer Non Durables 857,000 189.01 0.81 c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011 28.72% Growth Plan (`) 40.6395 UNAUDITED HALF - YEARLY PORTFOLIO STATEMENT OF THE SCHEMES OF FRANKLIN TEMPLETON MUTUAL FUND AS ON MARCH 31, 2011

Note for all Funds: FRANKLIN ASIAN EQUITY FUND TEMPLETON FLOATING RATE INCOME FUND - SHORT TERM PLAN (AS AT NOVEMBER 26, 2010) (Contd.) i ) Total NPA's provided : Nil Company Name Industry Classification Quantity Market Value % to Net (` in Lakhs) Assets Note: ii ) Total value and percentage of Illiquid equity shares has been disclosed below the respective Portfolio's. ACE Hardware Indonesia Retailing 1,233,500 161.02 0.69 a) NAV at the beginning of the Half-year and on the merger date i.e. November 26, 2010 Comba Telecom Systems iii ) NAV at the beginning and end of the Half-year period and any dividend, bonus etc. declared during Holdings Ltd. Telecom - Equipment & Accessories 296,500 155.42 0.67 NAV as on 30-Sep-2010 the period has been disclosed below the respective portfolio's GLOVIS Co. Ltd. Transportation 2,359 149.65 0.64 Retail Option - Growth Option (Rs) 17.0368 iv ) There is no exposure to Derivative Instruments as on March 31, 2011. GZI Transport Ltd. Transportation 570,000 143.67 0.62 Retail Option - Dividend Option (Rs) 10.0598 v ) The percentage in terms of market value of investments made in Foreign Securities/ADRs/GDRs as SK Innovation Co. Ltd. Petroleum Products 1,634 140.20 0.60 Institutional Option - Growth Option (Rs) 14.0988 Institutional Option - Dividend Option (Rs) 10.1574 at March 31, 2011 is as under: Mindray Medical International Ltd., ADR Pharmaceuticals 12,036 137.02 0.59 Hanwha Chemical Corp. Chemicals 7,755 136.55 0.59 NAV as on 26-Nov-2010 Scheme Name Market Value (` in Lakhs) Percentage to Net Assets China Mobile Ltd. Telecom - Services 33,000 135.45 0.58 Retail Option - Growth Option (Rs) 17.2011 Templeton India Equity Income Fund 36,505.41 32.08% Mando Corp. Auto Components 1,075 75.85 0.33 Retail Option - Dividend Option (Rs) 10.0619 Franklin Asian Equity Fund 19,171.30 82.35% Total 19,171.30 82.35 Institutional Option - Growth Option (Rs) 14.2415 Institutional Option - Dividend Option (Rs) 10.1595 vi ) The following are details of schemes/plans launched/allotted during the Half Year: Totals 22,445.13 96.42 b) Aggregate Dividends declared during the Half - year ended March 31, 2011: Scheme Name Launch Date Allotment Date Call,Cash & Other Assets 833.84 3.58 FranklinTempleton Fixed Tenure Fund - Series XIV - Plan B September 15, 2010 October 6, 2010 Plan Name Dividend per unit Net Assets 23,278.97 100.00 FranklinTempleton Fixed Tenure Fund - Series XV January 17, 2011 February 7, 2011 Retail Option - Dividend Option 0.0740 Note: vii ) During the Half-year, the under mentioned Schemes were matured / merged: Institutional Option - Dividend Option 0.0784 a) NAV at the beginning and at the end of the Half-year ended March 31, 2011 NAV as on 30-Sep-2010 c) Average Maturity as on November 26, 2010 0.06 Years Scheme Name Maturity Date /Merger Date Dividend Plan (`) 10.7326 Templeton India Money Market Account (Refer Note XIII) October 22, 2010 Growth Plan (`) 10.7326 TEMPLETON INDIA MONEY MARKET ACCOUNT Templeton India Floating Rate Income Fund NAV as on 31-Mar-2011 (AS AT OCTOBER 22, 2010) - Short Term Plan (Refer Note XIII) November 26, 2010 Dividend Plan (`) 11.2279 Company Name Industry Classification Quantity Market Value % to Net Growth Plan (`) 11.2279 Franklin Templeton Fixed Tenure Fund - Series IV March 3, 2011 (` in Lakhs) Assets b) Dividends declared during the Half - year ended March 31, 2011: NIL Call, Cash & Other Assets 1,745.19 100.00 viii) During the Half-year, Franklin India Smaller Companies Fund was converted into open end fund c) Portfolio Turnover Ratio during the Half - year ended March 31, 2011 61.32% w.e.f. January 14, 2011. Net Assets 1,745.19 100.00 ix ) Past Performance may or may not be sustained in the future TEMPLETON FLOATING RATE INCOME FUND - SHORT TERM PLAN Note: x ) Average Maturity of all the debt oriented schemes is expressed as the weighted average maturity of (AS AT NOVEMBER 26, 2010) a) NAV at the beginning of the Half-year and on the merger date i.e. October 22, 2010 the portfolio in the fund in terms of no. of years

Company Name Rating Quantity Market Value % to Net NAV as on 30-Sep-2010 xi ) The portfolio turnover ratio for all the equity oriented schemes is the lower of purchases or sales to the average NAV during the Half-year ended March 31, 2011 (` in Lakhs) Assets Dividend Plan (`) 1.0000 Growth Plan (`) 1.0000 xii ) Pursuant to payment of dividend, NAV of all the Scheme would fall to the extent of payout and Money Market Instruments statutory levy ( as applicable) Certificate of Deposit NAV as on 22-Oct-2010 xiii) Templeton India Money Market Account has been merged with Templeton India Treasury Canara Bank P1+ 7,500 7,475.94 35.34 Dividend Plan (`) 1.0000 Management Account with effective date from October 22, 2010 and Templeton India Floating Rate State Bank Of India P1+ 2,500 2,487.97 11.76 Growth Plan (`) 1.0000 State Bank Of Bikaner And Jaipur P1+ 2,500 2,487.48 11.76 Income Fund was consolidated by merging Short Term Plan into Long Term Plan with effective date from November 26, 2010. Corporation Bank Ltd P1+ 2,000 1,993.69 9.42 b) Aggregate Dividends declared during the Half - year ended March 31, 2011: Total 14,445.08 68.28 xiv) Securitised debt instruments are valued at clean price.

Plan Name Dividend per unit / Bonus Ratio per 1000 units Commercial Paper xv) # computed NAV but not declared. Bharat Petroleum Corporation Ltd. P1+ 840 4,181.55 19.77 Dividend Plan 0.0024 Indian Oil Corp. Ltd. P1+ 400 1,995.03 9.43 Total 6,176.58 29.20 Bonus Plan 0.0031

Totals 20,621.66 97.48 c) Average Maturity as on October 22, 2010 NIL

Call, Cash & Other Assets 533.99 2.52

Net Assets 21,155.65 100.00