Money Tree

SALIENT FEATURES OF THE SCHEME

TYPE OF FUND : OPEN ENDED EXCHANGE TRADED FUND

FUND OPENS ON : FEBRUARY 15, 2007
FUND CLOSES ON : FEBRUARY 23, 2007
Price per unit : Rs.100 for cash
Name of the Fund : Benchmark Mutual Fund
Name of the AMC : Benchmark Asset Management Company Pvt.Ltd

INVESTMENT OBJECTIVE

The objective of the scheme is to provide returns, equivalent to the returns provided by domestic price of gold through physical gold. However the fund does not guarantee the achievement of its investment objective,

ASSET ALLOCATION PATTERN OF THE SCHEME

Physical Gold ——————————————————- 90% to 100%
Money Market instruments, Securitized Debts, Bonds including cash — 0% to 10%

APPLICABLE NAV (after Scheme opens for repurchase/sale)

Gold BeES units are created/redeemed by the Fund in creation (minimum) unit size through exchange of underlying physical gold i.e. portfolio deposit and Cash Component on its website www.benchmarkfunds.com daily morning and the same would be applicable for creating and redeeming units in creation unit size for that working day.

MINIMUM AMOUNT/NUMBER OF UNITS FOR SUBSCRIPTION/REDEMPTION

1. New Fund Offer

Initial Application Amount: Rs.10,000/- Per Application and in multiples of Rs. 1000/-

2. On an Ongoing basis:

A. Directly with the Fund

Gold BeES is created in “Creation Unit”.
Creation Unit = 1 K.G of physical Gold or in multiple and are called as “Portfolio deposit”/”Cash Component” i.e. 1000 units of Gold BeES.

B. On the Exchange

Units of Gold BeES can be traded on the Capital Market segment of the National Stock Exchange of India (NSE).

On NSE, the units of Gold BeES can be purchased/sold in minimum lot of 1 unit and in multiples.

REDEMPTION OF UNITS

Redemption requests will be processed in 10 working days of their receipt.

BENCHMARK INDEX

The performance of the scheme will be benchmarked against the price of Gold.

NAME OF THE FUND MANAGER

Vishal Jain

NAME OF THE TRUSTEE COMPANY

Benchmark Trustee Company Pvt.Ltd.

LOAD STRUCTURE

A New Fund Offer

Entry Load Slabs will be as below:

Investments from Rs.10, 000 to Rs. 49, 99, 000 will attract entry load of 1.5%
Investments from Rs.50, 00, 000 to Rs. 1, 99, 99,000 will attract entry load of 1.0%
Investments from Rs. 2, 00, 00,000 to Rs. 4, 99, 99,000 will attract entry load of 0.5%
and there will be no entry load on investments above Rs.5, 00, 00,000.

B On an Ongoing basis

Subscription or redemption of Gold BeES requires no Entry or Exit load in creation unit size directly with the fund.

In case of buying or selling of Gold BeES through the secondary market on the NSE, no entry /exit load will be applicable. However, an investor would have to pay cost in form of brokerage for buying/selling units of Gold BeES.