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"BSE IPF and Morningstar India launch‘India Fund Observer 2011"

Dear Investor,

As part of its mandate to enhance investor education and thereby empower investors to take more informed investment decisions especially with regard to Mutual Fund investments, BSE had, in December 2011 tied up with Morningstar India, a wholly owned subsidiary of Morningstar, Inc. (NASDAQ: MORN) - a leading provider of independent investment research, to launch a co-branded website with the url :http://bseindia.morningstar.co.in.

This website contains a lot of information and provides internationally acclaimed analytical tools such as Morningstar Style Box, Instant X-Ray, Fund Compare, etc.. for comparing funds, performance and yields for aiding the investment decision.

In 2012, BSE (under the aegis of BSE's Investors Protection Fund) has decided to again partner with Morningstar India to launch a unique Mutual Fund Yearbook called the "India Fund Observer 2011", a year-end report that encapsulates the key trends in the Indian mutual funds industry during the year. The endeavor is to update the investor with insights into key events that transpired in 2011 and how they impacted the markets.

This book is available for download on the link http://www.morningstar.in/fund-observer.aspx and would be a useful resource for Investors to have a perspective on performance of the Mutual Fund industry in 2011.