Fund Fact Sheet Unit Linked Insurance Plans - Individual policyholders April, 2017 - IndiaFirst Life Insurance
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Fund Fact Sheet Unit Linked Insurance Plans – Individual policyholders April, 2017 Disclaimer: Past performance may or may not be sustained in future and is not a guarantee of future performance. Some of the contents of this document may contain statements / estimates / expectations / predictions, which may be 'forward looking'. The actual outcomes could differ materially from those expressed /implied in this document. These statements, do not intend to provide personal recommendation to any specific individual or any investment needs of an individual. The recommendations / statements / estimates / expectations / predictions are of general in nature and may not take into account the specific investment needs or risk appetite or financial situations of individual clients. Therefore, before acting on any advice or recommendations contained in this document, readers, in their own interest, should consider seeking advice from any authorized and professional investment advisors or financial consultants.’
MarketFirst Monthly Report
April 2017
Indian equity markets continued its positive momentum however it On the domestic side, macroeconomic trend continues to remain fixed
remained range bound for most part of the month on the back of as IIP remains volatile and turned negative for the February month.
the various global and domestic developments. Increased tension System credit growth picked up from the recent lows and grew by 5.52
in the middle and Korean peninsula led to the negative sentiment percent for the latest reported fortnight. RBI in its first bi monthly policy
in the global markets. Below are the key points which have report of FY18 kept the interest rate unchanged but highlights the
impacted the Indian equity market positively/negatively and increased risk on rising inflation, particularly core inflation. In the MPC
resulted in positive returns for the month. minutes released, most of the participants seems to express concerns
over the persistent increase in the core inflation.
• US attacked Syrian air base in retaliation of the chemical attack by
Syrian forces on rebellion forces Q4FY17 result season started with a positive note on the back by
strong result largely from banks i.e. HDFC Bank, DCB and IndusInd
• Tension in Korean peninsula increased post the US deploying fighter
Bank. IT results continues to remain mixed as they are facing twin
carrying ship and North Korea’s missile test
challenges of lower revenue growth and appreciating INR. Overall the
• Base metal prices came down from the highs trend is expected to remain mixed and we look forward to mid part of
• Key macroeconomic indicators in global markets remained stable In the May month when most of the results will get announced.
India, Q4FY17 earnings season started on the modest note Overall FII flows remain positive for the month. However the flows
• RBI kept interest rate unchanged turned negative for cash market where they have sold equities worth of
INR1645cr (USD256mn). These were offset by strong positive flow in
• India IIP contracts by 1.2 percent to a four month low in February
primary market (INR 4000cr) and Debt segment (INR 20360cr). On the
2017
other side, DIIs flow remained positive as they have brought equities
• India CPI stood at 3.81 percent in March 2017 worth of USD 1.17bn.
• Bank credit growth continued to remain low
• FPI inflows in equities (cash segment) turned negative for the month Performance of Sector indices during April 2017
On the back of all these events, Indian markets managed to end the
9.5% 8.6%
month on positive note. Both Sensex and Nifty posted returns of 1
7.5% 6.6%
percent and 1.4 percent respectively.
5.5%
Table containing movement in Key market variables in 3.7% 3.5%
3.5% 2.4%
recent past: 1.4% 1.4% 1.0%
1.5% 0.6%
Present Price Change
Particulars -0.5%
Level 3M 6M 1 Year
Crude / Barrel ( in USD) 51.7 -7.10% 4.10% 4.10% -2.5%
-2.8%
Gold ($ in Ounce) 1268.1 4.80% -0.60% -0.60% -4.5%
-4.2%
INR / USD 64.2 5.30% 3.80% 3.80% -6.5%
MSCI Emerging Market Index 978 7.60% 8.20% 8.20% -8.5% -7.1%
MSCI World Market Index 1878.3 4.80% 11.10% 11.10%
POWER
CAPITAL GOODS
OIL & GAS
NIFTY*
BANKEX
HEALTHCARE
CON. DURABLES
AUTO
FMCG
IT
METAL
BSE SENSEX*
Nifty Index 9304 8.70% 7.70% 7.70%
Market Valuation:
Sensex @29918 FY16 FY17E FY18E
EPS 1330 1451 1679
PE 22.5 20.6 17.8
Source: Select Brokerage Average.
Equity Market Outlook:
Debt Market Data Points:
At the current level of approx. 29918, Sensex is trading at 17.8x on
Present Basis Point Change
Particulars
Level (%) March 2018 earnings estimate of INR 1679 (Select Brokerage
3M 6M 1 Year
Spread (India 10 year – US
Estimates).
6.96 56 -38 -64
10 year) Indian economy is growing a steady pace and the Government policy
AAA – 10 year Spread 0.93 -23 -7 -11 actions are resulting in slow but steady recovery at the ground level. It
may take some time to be get reflected in the headline number. Interest
Spread (India 10 year – US
4.68 -73 -26 -91 rates have certainly bounced back from the low level but they are still at
10 year)
a comfortable level and given the slow credit growth, they are expected
to remain at the lower level. Increased Government expenditure along
with stable interest rate in economy should push up private spending
Market Overview:
and may help in pushing up the economic growth curve, probably in the
As mentioned above, Indian Equity Markets continued their positive next 18 months.
journey during the month led by the Strong capital flows in March and On the valuation front, market valuation is in a stretched zone as
stable global cues. However, the month started on a negative note as earnings growth continues to remain lack lustre. The Q4 earnings
there were geopolitical concerns over US launching cruise missiles season has not given any reason for US to believe that the growth is
against Syrian airfield and possible face off against North Korea. While back to the scale which has been factored by the market valuation. For
the tension eased to an extent to the fag-end of the month, global markets to sustain at these levels, speedy revival in corporate earnings
markets continues to remain jittery of the events unfolding during the next growth is a key trigger. In addition to domestic developments, the
couple of months. Overall global market trend was mixed for the month a emergence of global headwinds (like continued interest rate hike by US
various regional indices posted monthly returns ranging from positive 3% Fed, global liquidity, Geo-political tension, crude and commodity prices)
to negative 2.1 percent. France (+2.8 percent, Hong Kong (+2.1 percent), make us even more cautious and we expect market to stay volatile with
Dow jones (+1.4 percent) were the key gainers while Shanghai (-2.1 a downward bias in the near term. At the current valuation, we believe
percent), UK (-1.6 percent) and Thailand (-0.6 percent) were the key Investors should approach equity market with a view of 3-5 years.
markets which ended in red. Market does reward investors in long term value investor.Debt Market Outlook: The 10 year gilt yield was at 6.65 percent at the beginning of the month and ended the month at 6.95 percent. The Monetary Policy Committee, in its April policy, increased the reverse repo rate to 6% (by 25bps). This was mainly to check the softening of short term interest rates. There has been excess liquidity in the market (about Rs 4 lakh crore), due to demonetization. The RBI has tried to address the same by conducting T-bill auctions and has sucked out Rs 120,000 crore from the system. The RBI has made it clear that it is not keen on softening rates and will be keeping the liquidity neutral. Also, the RBI is expecting normalisation in interest rates of US Fed Reserve. For this reason, RBI wants to maintain neutral policy stance to take corrective measures when necessary Disclaimer Some of the contents of this document may contain statements/ estimates/ expectations/ predictions, which may be 'forward looking'. The actual outcomes could differ materially from those expressed / implied in this document. These statements, do not intend to provide personal recommendation to any specific individual or any investment needs of an individual. The recommendations/ statements/ estimates/ expectations / predictions are of general in nature and may not take into account the specific investment needs or risk appetite or financial situations of individual clients. Therefore, before acting on any advice or recommendations contained in this document, readers, in their own interest, should consider seeking advice from any authorized and professional investment advisors or financial consultants.' The above data has been generated from sources in public domain. IndiaFirst Life Insurance Company Limited. IRDAI Reg. No. 143. Address: 301, ‘B’ Wing, The Qube, Infinity Park, Dindoshi – Film City Road, Malad (East), Mumbai - 400 097. CIN: U66010MH2008PLC183679.
Fund Manager’s Comments April 2017 Fund Manager's Comments on Debt Portfolio The Monetary Policy Committee, in its April policy, increased the reverse repo rate to 6% (by 25bps). This was mainly to check the softening of short term interest rates. There has been excess liquidity in the market, due to demonetization. The RBI has tried to address the same by conducting T- bill auctions and has sucked out Rs 120,000 crore from the system. The yield on the 10 year G-sec increased by 30bps from 6.665% in the beginning of April to 6.95% by the end of the month. The RBI has made it clear that it is not keen on softening rates and will be keeping the liquidity neutral. Also, the RBI is expecting normalisation in interest rates of US Fed Reserve. For this reason, RBI wants to maintain neutral policy stance to take corrective measures when necessary. The CPI has increased from 3.61% to 3.85% during last month. With fresh supply of auction and the RBI sucking out liquidity from the system, it is expected the G-sec yields is expected to inch up. Although we are maintaining a low duration, we might review our position, in view of the events unfolding in the near future. Fund Manager's Comments on Equity Portfolio In the month of April 2017, Indian markets continued its uptrend (Nifty up 1.4%) and BSE Midcap (+5%) and BSE Smallcap (+6.5%) indices continued to outperform benchmark indices. Key global indices also ended in green except (Shanghai, UK, & Brazil). The month started on a negative note as there were geopolitical concerns over US launching cruise missiles on Syrian airfield and a face-off against North Korea. However during the later part , likely favourable outcome of French presidential election and expectations of US tax reforms boosted global sentiments. Nifty zoomed to a record high, buoyed primarily by positive global cues and strong liquidity flow. The 4QFY2017 result season started on a mixed-bag note with IT sector continuing to reel under pressure select sectors / stocks in cement and auto space displayed better than expected earnings. Sustained lower crude oil prices also helped in maintaining positive sentiments in domestic markets. On the macroeconomic front, the data was mixed with IIP growth decelerating to -1.2% (+ve 2.7% previous month ) while CPI inflation inched higher to 3.8% (~ 3.7% in previous month) . FPIs sold equity worth US$168 mn in the cash segment in a reverse trend when compared to last couple of months while DIIs bought US$1.17 bn in April as against a sell of US$ 653 mn in previous month. Despite weak macro indicators and not so encouraging corporate earnings growth, domestic equity markets have rallied significantly largely on back of liquidity. The likely rollout of GST in near future may further delay the process of earnings recovery. Moreover, on the global front, there are uncertainties relating to Trump polices, US Fed rate hike, Brexit impact and increasing commodities/crude prices. On this backdrop, going ahead, for the equity markets to sustain upward momentum, revival of the corporate earnings growth would be of key importance. During the month, we continued to prefer sectors such as FMCG, Pharma and other consumption themes. We have also realigned exposure in banking and capital goods space. Going ahead, we may tactically take a call on cash levels based on market movement and attractiveness of individual sectors/ companies. The exposure to equity might be tilted towards low beta stocks that are having attractive value proposition.
Summary of performance of Funds vs. Benchmark (as on April 28, 2017)
Unit Linked Insurance Plans ‐ Individual policyholders
Returns in %
Funds Name & Benchmark 1 year 3 year 5 year Since Inception
Equity Fund 19.50 12.64 12.66 9.17
Benchmark ‐ Equity (01) 17.29 11.16 11.69 8.28
Nifty 50 Index 18.53 11.60 12.14 8.41
Equity1 Fund 20.42 13.23 13.19 8.42
Benchmark ‐ Equity (01) 17.29 11.16 11.69 7.26
Nifty 50 Index 18.53 11.60 12.14 7.23
Equity Pension Fund 22.08 13.48 13.23 9.59
Benchmark ‐ Equity (01) 17.29 11.16 11.69 8.28
Nifty 50 Index 18.53 11.60 12.14 8.41
Index Tracker Fund 18.00 11.41 12.08 6.94
Benchmark ‐ Equity Tracker 17.91 11.38 11.92 6.93
Nifty 50 Index 18.53 11.60 12.14 6.89
Value Fund 24.50 16.37 15.04 10.13
Benchmark ‐ Equity (03) 19.76 12.36 12.39 7.49
S&P BSE 100 Index 21.27 12.94 12.92 7.48
Dynamic Asset Allocation Fund 13.05 11.76 12.43 13.12
Benchmark ‐ Balanced (01) 14.74 10.96 10.83 10.39
Balanced Fund 14.63 10.67 10.48 8.03
Benchmark ‐ Balanced (01) 14.74 10.96 10.83 8.23
Balanced 1 Fund 14.16 11.04 10.84 7.73
Benchmark ‐ Balanced (01) 14.74 10.96 10.83 7.82
Balanced Pension Fund 15.75 11.11 10.81 8.38
Benchmark ‐ Balanced (01) 14.74 10.96 10.83 8.23
Debt Fund 8.43 9.91 8.63 7.91
Benchmark ‐ Debt (01) 9.44 10.37 9.04 8.08
Debt1 Fund 8.32 9.52 8.38 8.15
Benchmark ‐ Debt (01) 9.44 10.37 9.04 8.56
Debt Fund Pension 8.39 9.67 8.55 7.74
Benchmark ‐ Debt (01) 9.44 10.37 9.04 8.08
Liquid Fund 4.63 5.72 ‐ 6.08
Benchmark ‐ Liquid (01) 6.16 7.19 ‐ 7.56
Liquid Pension Fund 4.38 5.57 6.13 5.98
Benchmark ‐ Liquid (01) 6.16 7.19 7.64 7.18
Note:
1. The above summary is based on the data as on April 28, 2017
2. Equity Fund ‐ Returns less than year are Absolute & Returns over one year are CAGR (Compound Annual Growth Rate)
3. Debt Fund ‐ Returns less than year are simple annualised & Returns over one year are CAGR (Compound Annual Growth Rate)
4. Past performance may or may not be sustained in future and is not a guarantee of future performanceFunds at a Glance
Name of the Fund Equity Fund/Equity Pension Fund Name of the Fund Balanced Fund/Balanced Pension Fund
Nature of the Fund Equity Growth Fund ‐ Primarily invested in equity Nature of the Fund Balanced Fund with exposure to equity and debt investments
To provide high growth opportunities with an objective of To provide higher growth with reasonable security, by
Investment Objective long term capital appreciation through investments primarily Investment Objective investing primarily in equity instruments and moderate
in equity and equity related instruments. allocation in debt securities/ bonds.
This Fund is positioned as a diversified equity fund with a This fund is positioned as a balanced mix of debt and equity,
moderate exposure to mid‐cap stocks. The aim of the Fund is with the asset allocation pattern providing a good opportunity
to provide a stable and sustainable relative out performance to provide consistent and sustainable returns. The equity
vis‐à‐vis the benchmark. The Fund will stick to the theme of portion will have a highly diversified portfolio with high
Fund Positioning discipline, diligence and dividend yield while selecting equity Fund Positioning liquidity while the debt portion will comprise of high rated
stocks. The Fund will have an exposure of upto 30 percent to debt instruments with low to moderate liquidity. The asset
mid‐cap companies. The remaining exposure will continue to allocation will follow a macro level market scenario and the
be in large‐cap companies. individual stock selection will be with micro level performance
expectations of the stocks and securities.
Asset Allocation Equity Debt Money market Asset Allocation Equity Debt Money market
Minimum 80 0 0 Minimum 50 30 0
Maximum 100 0 20 Maximum 70 50 20
Chief Investment Officer Shri A.K.Sridhar, B.Sc, ACA Chief Investment Officer Shri A.K.Sridhar, B.Sc, ACA
Fund Manager Viraj Nadkarni‐ Fund Manager Debt ‐ Sandeep Shirsat ‐ B.Com, ICWA
M.Com, C.S. ( Company Secretary), MBA ( Finance) Equity ‐ Viraj Nadkarni
Date of Launch November 25, 2009 M.Com, C.S. ( Company Secretary), MBA ( Finance)
Net Asset Value Declared every business day
Fund's Fact Sheet Published monthly Date of Launch November 9, 2011
Benchmark Benchmark Index ‐ Equity Net Asset Value Declared every business day
Fund's Fact Sheet Published monthly
Name of the Fund Debt Fund/Debt Pension Fund Benchmark Benchmark Index ‐ Balanced
Nature of the Fund Primarily invested in debt instruments
Name of the Fund Liquid Pension Fund
To generate a good level of income and prospects for capital
growth through diversified investment in corporate debt Nature of the Fund Investment in liquid and money market instruments
Investment Objective
instruments, government securities and money market
investments.
To provide capital protection with growth at short‐term
Investment Objective
interest rates while providing a high level of liquidity.
This fund is positioned as a pure debt oriented fund, with
asset allocation pattern providing a good opportunity to
provide consistent and sustainable returns. The debt portfolio
This Fund is positioned as a pure debt oriented short term
will comprise of high rated debt instruments with a low to
liquid fund with the asset allocation pattern giving a
moderate liquidity, government securities and money market
reasonable opportunity to provide consistent and sustainable
investments with very high safety and easy liquidity. The asset
Fund Positioning returns, with very high liquidity. The investment portfolio will
allocation between corporate debt and government
Fund Positioning primarily comprise of high rated short term money market
securities/money market investments and the portfolio
investments with very high safety and easy liquidity. The
duration of the fund, will follow a macro level economic
maturity profile and the portfolio duration will follow a macro
scenario while the individual corporate debt investments will
level economic scenario and the expected liquidity needs of
follow with a micro level credit worthiness and debt servicing
the fund.
capacity of companies.
Asset Allocation Equity Debt Money market Asset Allocation Equity Debt Money market
Minimum 0 70 0 Minimum 0 0 80
Maximum 0 100 30 Maximum 0 20 100
Chief Investment Officer Shri A.K.Sridhar, B.Sc, ACA Chief Investment Officer Shri A.K.Sridhar, B.Sc, ACA
Head – Fixed Income Dr. Poonam Tandon Head – Fixed Income Dr. Poonam Tandon
B.Com ( Hons.), PGDBM( XLRI, Jamshedpur) , CAIIB , Ph.D ( Financial B.Com ( Hons.), PGDBM( XLRI, Jamshedpur) , CAIIB , Ph.D ( Financial
Management) Management)
Fund Manager Sandeep Shirsat‐ B.Com, ICWA Fund Manager Sandeep Shirsat‐ B.Com, ICWA
Date of Launch November 25, 2009 Date of Launch November 25, 2009
Net Asset Value Declared every business day Net Asset Value Declared every business day
Fund's Fact Sheet Published monthly Fund's Fact Sheet Published monthly
Benchmark Benchmark Index ‐ Debt Benchmark Benchmark index ‐ LiquidFunds at a Glance
Name of the Fund Value Fund Name of the Fund Dynamic Asset Allocation Fund
Nature of the Fund Growth Fund Nature of the Fund Equity Fund‐ proportion varies with P/E model
To provide high growth opportunities with an objective of
To provide long‐term capital appreciation with relatively
long term capital appreciation through investments primarily
Investment Objective Investment Objective lower volatility by dynamically adjusting the capital allocation
in equity and equity related instruments.
between equity and fixed income instruments.
This fund will be positioned as a multi‐cap pure value fund
with clearly defined investment criteria for investing in value This Fund would be positioned as a dynamic equity fund
stocks. The fund will invest in stocks that are relatively aiming to provide a stable and sustainable relative out
Fund Positioning undervalued to their intrinsic value and will create wealth for Fund Positioning performance vis‐àvis the benchmark. The asset allocation
investors in the medium to long term. between equity and fixed income instruments will be based
on the PE level of the index (Sensex).
Asset Allocation Equity Debt Money market Asset Allocation Equity Debt Money market
Minimum 70 0 0 Minimum 0 0 0
Maximum 100 0 30 Maximum 80 80 40
Chief Investment Officer Shri A.K.Sridhar, B.Sc, ACA Chief Investment Officer Shri A.K.Sridhar, B.Sc, ACA
Fund Manager Viraj Nadkarni Fund Manager Viraj Nadkarni
M.Com, C.S. ( Company Secretary), MBA ( Finance) M.Com, C.S. ( Company Secretary), MBA ( Finance)
Date of Launch September 16, 2010 Date of Launch September 09, 2011
Net Asset Value Declared every business day Net Asset Value Declared every business day
Fund's Fact Sheet Published monthly Fund's Fact Sheet Published monthly
Benchmark Benchmark Index ‐ Value Benchmark Benchmark Index ‐ Dynamic Asset Allocation
Name of the Fund Index Tracker Fund
# Nifty 50/ S&P BSE 100 Index
Nature of the Fund Equity Index Fund
Equity Fund, Equity Fund Pension, Balanced Fund, Balanced Fund Pension and Index
Tracker Fund are benchmarked to Nifty 50 Index which is not sponsored endorsed,
sold or promoted by India Index Services & Products Limited (IISL). IISL is not
The principal investment objective of the scheme is to invest
responsible for any errors or omissions or the results obtained from the use of such
Investment Objective in stocks of companies comprising large cap Index stocks and index and in no event shall IISL have any liability to any party for any damages of
endeavour to achieve return equivalent to large cap index. whatsoever nature (including lost profits) resulted to such party due to purchase or
sale or otherwise of such product benchmarked to such index.
Major portion of this Fund will be invested only in large cap “Standard & Poor's® and “S&P® are trademarks of The McGraw‐Hill Companies, Inc.
and have been licensed for use by Bombay Stock Exchange (BSE). The S&P BSE 100
index equity stocks. The exposure / weightages of investment
Fund Positioning Index is not compiled, calculated or distributed by Standard & Poor's and Standard &
stocks will, however be subject to regulatory investment
Poor's and BSE make no representation regarding the advisability of investing in
guidelines and exposure norms.
products that utilize any such Index as a component. All rights in the S&P SENSEX/
S&P BSE 100 vest in Bombay Stock Exchange Ltd. (“BSE”). BSE and SENSEX are
Asset Allocation Equity Debt Money market trademarks of BSE and are used by IndiaFirst Life Insurance Company Limited. BSE
shall not be liable in any manner whatsoever (including in negligence) for any loss
Minimum 90 0 0 arising to any person whosoever out of use of or reliance on the SENSEX by any
Maximum 100 0 10 person.
Chief Investment Officer Shri A.K.Sridhar, B.Sc, ACA
Fund Manager Viraj Nadkarni‐
M.Com, C.S. ( Company Secretary), MBA ( Finance)
Date of Launch September 22, 2010
Net Asset Value Declared every business day
Fund's Fact Sheet Published monthly
Benchmark Benchmark ‐ Index FundFund Options under IndiaFirst ULIP Products ‐ Individual Policyholders & Group Policyholders
As on April 28, 2017
Group
Individual Products
Products
IndiFirst IndiaFirst
IndiaFirst IndiaFirst IndiFirst IndiaFirst
IndiaFirst IndiaFirst IndiaFirst Money IndiaFirst Life IndiaFirst
Young Smart Happy Money
Fund Name Savings Education
India
Future
Save India
Back Health
Balance
High Life Wealth Employee
Plan @ Plan @ Plan@ Insurance Plan@ maximizer Benefit Plan
Plan @ Plan Plan Plan
Plan@ Plan
Equity Fund Y Y N N N N N N N N N
Debt Fund Y Y N N N N N N N N N
Balanced Fund Y Y N N N N N N N N N
Liquid Fund Y Y N N N N N N N N N
Equity Fund Pension N N N Y N N N N N N N
Debt Fund Pension N N N Y N N N N N N N
Balanced Fund Pension N N N Y N N N N N N N
Liquid Fund Pension N N N Y N N N N N N N
Equity1 Fund N N Y N Y Y Y Y N Y N
Balanced1 Fund N N Y N Y Y Y N N Y N
Debt1 Fund N N Y N Y Y Y Y Y Y N
Index Tracker Fund N N Y N N N Y N N Y N
Value Fund N N Y N Y Y Y N N Y N
Dynamic Asset Allocation Fund N N N N N N N N Y Y N
Equity Elite Opportunities Fund N N N N N N N N N Y
Liquid1 Fund # N N Y N Y Y Y N Y N N
Cash Fund N N N N N N N N N N Y
Bond Fund N N N N N N N N N N Y
Equity Advantage Fund N N N N N N N N N N Y
Dynamic Moderator Fund N N N N N N N N N N Y
#
Only available for Settlement Options for the Systematic Transfer of Fund benefit
@
Closed for New business ‐ only renewal premiums now
*The earlier IndiaFirst Smart save Plan and IndiaFirst Money Balance Plan had Index Tracker Fund option. However, they were
relaunched without this optionEquity Fund (SFIN:ULIF001161109EQUITYFUND143)
Fact Sheet for April 2017 ( based on portfolio as on 30.04.2017 )
Portfolio
Investment Objective
Nature of Security/Security Name Percentage
To provide high growth opportunities with an objective of long term capital
Equity
appreciation through investments primarily in equity and equity related
Top 20 Equity Securities
instruments.
ITC Ltd 6.57
Name Date of Inception NAV as on April 28, 2017 HDFC Bank Ltd 6.34
Equity Fund 25‐Nov‐09 Rs. 19.1843 Infosys Technologies Ltd 6.16
ICICI Bank Ltd 4.48
AUM Fund Manager Funds managed by the Fund Manager HDFC 4.41
Rs. 239 crore Viraj Nadkarni Equity ‐ 7, Debt ‐ 0, Balanced ‐ 5 Tata Motors Ltd 3.87
Reliance Industries Ltd 3.66
Larsen & Toubro Limited 3.61
Targeted Asset Allocation Pattern in Percentage Hindustan Unilever Ltd 3.00
Minimum Maximum Actual Tata Consultancy Services Ltd 3.00
Equity Shares 80 100 93 State Bank Of India 2.95
Debt Securities and Bonds 0 0 0 Kotak Mahindra Bank Ltd 2.78
Cash and Money Market Investments 0 20 7 Sun Pharmaceutical Inds Ltd 2.59
The actual asset allocation will remain within the 'minimum' and 'maximum' range Axis Bank Ltd 2.12
based on market Hero Motocorp Limited 2.03
Coal India Ltd 1.71
Fund Positioning HCL Technologies Ltd 1.65
Bharat Petroleum Corpn Ltd 1.55
This Fund is positioned as a highly diversified equity fund aiming to provide a stable and Maruti Suzuki India Ltd 1.49
sustainable relative out performance visà‐ vis the benchmark.The Fund will stick to the Tech Mahindra Ltd 1.41
theme of discipline, diligence and dividend yield while selecting equity stocks. It will Others 27.62
invest at least 70 percent of its exposure to equity in large cap stocks and the remaining Total ‐ Equity 93.00
may be invested in mid/ small‐cap equity stocks.
Money Market Instruments 2.55
MF Units – Liquid Funds 4.44
Asset Allocation in crore as on April 30, 2017 Grand Total 100.00
16.73 Fund Manager's Comments
7% In the month of April 2017, Indian markets continued its uptrend (Nifty up 1.4%) and
BSE Midcap (+5%) and BSE Smallcap (+6.5%) indices continued to outperform
benchmark indices. Key global indices also ended in green except (Shanghai, UK, &
Brazil). The month started on a negative note as there were geopolitical concerns
over US launching cruise missiles on Syrian airfield and a face‐off against North Korea.
However during the later part , likely favourable outcome of French presidential
222.44 election and expectations of US tax reforms boosted global sentiments. Nifty zoomed
93% to a record high, buoyed primarily by positive global cues and strong liquidity flow.
Equity Money Market Instruments The 4QFY2017 result season started on a mixed‐bag note with IT sector continuing to
reel under pressure select sectors / stocks in cement and auto space displayed
better than expected earnings. Sustained lower crude oil prices also helped in
Returns (%) maintaining positive sentiments in domestic markets. On the macroeconomic front,
Benchmark ‐ Equity the data was mixed with IIP growth decelerating to ‐1.2% (+ve 2.7% previous month )
Period Equity Fund while CPI inflation inched higher to 3.8% (~ 3.7% in previous month) . FPIs sold
(01)
1 Month 1.04 1.32 equity worth US$168 mn in the cash segment in a reverse trend when compared to
6 Month 6.32 7.37 last couple of months while DIIs bought US$1.17 bn in April as against a sell of US$
1 Year 19.50 17.29 653 mn in previous month.
2 Year 7.83 6.65
3 Year 12.64 11.16
5 Year 12.66 11.69
Since Inception 9.17 8.28
Industry ‐wise Exposure
Natural Gas Trading & Distribution 3.31%
Commercial vehicles 3.87%
Industrial construction 4.40%
Housing finance services 4.41%
Cosmetics, toiletries, soaps & detergents 4.58%
Refinery 6.39%
Tobacco products 6.57%
Drugs & pharmaceuticals 7.20%
Computer software 13.11%
Financial and Insurance Activities 19.79%
Others 25.93%
0% 5% 10% 15% 20% 25% 30%
Quantitative Indicators (Equity)
Std Dev (Annualised) Sharpe Ratio Portfolio Beta
10.87% 1.15 1.00Equity 1 Fund (SFIN:ULIF009010910EQUTY1FUND143)
Fact Sheet for April 2017 ( based on portfolio as on 30.04.2017 )
Portfolio
Investment Objective
Nature of Security/Security Name Percentage
To provide high growth opportunities with an objective of long term capital
Equity
appreciation through investments primarily in equity and equity related
Top 20 Equity Securities
instruments.
ITC Ltd 6.56
Name Date of Inception NAV as on April 28, 2017 HDFC Bank Ltd 6.21
Equity 1 Fund 15‐Sep‐10 Rs. 17.082 Infosys Technologies Ltd 6.13
ICICI Bank Ltd 4.52
AUM Fund Manager Funds managed by the Fund Manager HDFC 4.19
Rs. 1122 crore Viraj Nadkarni Equity ‐ 7, Debt ‐ 0, Balanced ‐ 5 Tata Motors Ltd 3.64
Larsen & Toubro Limited 3.62
Reliance Industries Ltd 3.37
Targeted Asset Allocation Pattern in Percentage State Bank Of India 3.22
Minimum Maximum Actual Hindustan Unilever Ltd 3.09
Equity Shares 80 100 93 Tata Consultancy Services Ltd 2.88
Debt Securities and Bonds 0 0 0 Kotak Mahindra Bank Ltd 2.74
Cash and Money Market Investments 0 20 7 Sun Pharmaceutical Inds Ltd 2.54
The actual asset allocation will remain within the 'minimum' and 'maximum' range Hero Motocorp Limited 2.14
based on market Axis Bank Ltd 2.07
R Shares Bank Bees ETF 2.03
Fund Positioning HCL Technologies Ltd 1.66
Coal India Ltd 1.58
This Fund is positioned as a highly diversified equity fund aiming to provide a stable and
Maruti Suzuki India Ltd 1.51
sustainable relative out performance visà‐vis the benchmark. The fund will stick to the
ONGC Ltd 1.44
theme of discipline, diligence and dividend yield while selecting equity stocks. It will
Others 28.12
invest at least 70 percent of its exposure to equity in large cap stocks (from Nifty 50
Total ‐ Equity 93.28
Index or BSE 100 Index) and the remaining may be invested in mid/ small‐cap equity
stocks.
Money Market Instruments 3.13
MF Units – Liquid Funds 3.60
Asset Allocation in crore as on April 30, 2017 Grand Total 100.00
75.45 Fund Manager's Comments
7% In the month of April 2017, Indian markets continued its uptrend (Nifty up 1.4%) and
BSE Midcap (+5%) and BSE Smallcap (+6.5%) indices continued to outperform
benchmark indices. Key global indices also ended in green except (Shanghai, UK, &
Brazil). The month started on a negative note as there were geopolitical concerns
over US launching cruise missiles on Syrian airfield and a face‐off against North Korea.
However during the later part , likely favourable outcome of French presidential
1046.89 election and expectations of US tax reforms boosted global sentiments. Nifty zoomed
93% to a record high, buoyed primarily by positive global cues and strong liquidity flow.
Equity Money Market Instruments The 4QFY2017 result season started on a mixed‐bag note with IT sector continuing to
reel under pressure select sectors / stocks in cement and auto space displayed better
than expected earnings. Sustained lower crude oil prices also helped in maintaining
Returns (%) positive sentiments in domestic markets. On the macroeconomic front, the data was
Equity 1 Benchmark ‐ Equity mixed with IIP growth decelerating to ‐1.2% (+ve 2.7% previous month ) while CPI
Period inflation inched higher to 3.8% (~ 3.7% in previous month) . FPIs sold equity worth
Fund (01)
1 Month 1.05 1.32 US$168 mn in the cash segment in a reverse trend when compared to last couple of
6 Month 6.58 7.37 months while DIIs bought US$1.17 bn in April as against a sell of US$ 653 mn in
1 Year 20.42 17.29 previous month.
2 Year 8.29 6.65
3 Year 13.23 11.16
5 Year 13.19 11.69
Since Inception 8.42 7.26
Industry ‐wise Exposure
Commercial vehicles 3.64%
Natural Gas Trading & Distribution 3.66%
Housing finance services 4.19%
Industrial construction 4.36%
Cosmetics, toiletries, soaps & detergents 4.64%
Refinery 5.70%
Tobacco products 6.56%
Drugs & pharmaceuticals 6.90%
Computer software 12.97%
Financial and Insurance Activities 19.41%
Others 27.96%
0% 5% 10% 15% 20% 25% 30%
Quantitative Indicators (Equity)
Std Dev (Annualised) Sharpe Ratio Portfolio Beta
10.96% 1.21 1.01Equity Fund ‐ Pension (SFIN:ULIF002161109EQUFUNDPEN143)
Fact Sheet for April 2017 ( based on portfolio as on 30.04.2017 )
Portfolio
Investment Objective
Nature of Security/Security Name Percentage
To provide higher growth with reasonable security, by investing primarily in
Equity
equity instruments and moderate allocation in debt securities/ bonds.
Top 20 Equity Securities
ITC Ltd 6.50
Name Date of Inception NAV as on April 28, 2017 Infosys Technologies Ltd 5.16
Equity Fund ‐
25‐Nov‐09 Rs. 19.742 HDFC Bank Ltd 4.98
Pension
HDFC 4.96
AUM Fund Manager Funds managed by the Fund Manager Reliance Industries Ltd 3.80
Rs. 102 crore Viraj Nadkarni Equity ‐ 7, Debt ‐ 0, Balanced ‐ 5 Tata Motors Ltd 2.92
Hindustan Unilever Ltd 2.83
Sun Pharmaceutical Inds Ltd 2.74
Targeted Asset Allocation Pattern in Percentage Granules India Ltd 2.58
Minimum Maximum Actual ICICI Bank Ltd 2.56
Equity Shares 80 100 91 Tata Consultancy Services Ltd 2.49
Debt Securities and Bonds 0 0 0 R Shares Bank Bees ETF 2.45
Cash and Money Market Investments 0 20 9 State Bank Of India 2.31
The actual asset allocation will remain within the 'minimum' and 'maximum' range Kotak Mahindra Bank Ltd 2.12
based on market Hero Motocorp Limited 2.10
Larsen & Toubro Limited 2.09
Fund Positioning HCL Technologies Ltd 1.96
Persistent Systems Ltd 1.94
This Fund is positioned as a diversified equity fund with a moderate exposure to mid‐
Dr Reddys Laboratories Ltd 1.85
cap stocks. The aim of the Fund is to provide a stable and sustainable relative out
Hindustan Petroleum Corp Ltd 1.73
performance vis‐àvis the benchmark. The Fund will stick to the theme of discipline,
Others 31.37
diligence and dividend yield while selecting equity stocks. The Fund will have an
Total ‐ Equity 91.44
exposure of upto 30 percent to mid‐cap companies. The remaining exposure will
continue to be in largecap companies.
Money Market Instruments 3.35
MF Units – Liquid Funds 5.21
Asset Allocation in crore as on April 30, 2017 Grand Total 100.00
8.73 Fund Manager's Comments
9% In the month of April 2017, Indian markets continued its uptrend (Nifty up 1.4%) and
BSE Midcap (+5%) and BSE Smallcap (+6.5%) indices continued to outperform
benchmark indices. Key global indices also ended in green except (Shanghai, UK, &
Brazil). The month started on a negative note as there were geopolitical concerns
over US launching cruise missiles on Syrian airfield and a face‐off against North Korea.
However during the later part , likely favourable outcome of French presidential
93.25 election and expectations of US tax reforms boosted global sentiments. Nifty zoomed
91% to a record high, buoyed primarily by positive global cues and strong liquidity flow.
Equity Money Market Instruments The 4QFY2017 result season started on a mixed‐bag note with IT sector continuing to
reel under pressure select sectors / stocks in cement and auto space displayed
better than expected earnings. Sustained lower crude oil prices also helped in
Returns (%) maintaining positive sentiments in domestic markets. On the macroeconomic front,
Equity Benchmark ‐ Equity the data was mixed with IIP growth decelerating to ‐1.2% (+ve 2.7% previous month )
Period while CPI inflation inched higher to 3.8% (~ 3.7% in previous month) . FPIs sold
Fund ‐ (01)
1 Month 0.80 1.32 equity worth US$168 mn in the cash segment in a reverse trend when compared to
6 Month 7.44 7.37 last couple of months while DIIs bought US$1.17 bn in April as against a sell of US$
1 Year 22.08 17.29 653 mn in previous month.
2 Year 9.03 6.65
3 Year 13.48 11.16
5 Year 13.23 11.69
Since Inception 9.59 8.28
Industry ‐wise Exposure
Industrial construction 3.23%
Miscellaneous 3.92%
Natural Gas Trading & Distribution 4.68%
Housing finance services 4.96%
Cosmetics, toiletries, soaps & detergents 5.13%
Tobacco products 6.50%
Refinery 6.88%
Drugs & pharmaceuticals 10.13%
Computer software 13.24%
Financial and Insurance Activities 13.54%
Others 27.79%
0% 5% 10% 15% 20% 25% 30%
Quantitative Indicators (Equity)
Std Dev (Annualised) Sharpe Ratio Portfolio Beta
10.61% 1.38 0.97Equity Elite Opportunities (SFIN:ULIF020280716EQUELITEOP143)
Fact Sheet for April 2017 ( based on portfolio as on 30.04.2017 )
Portfolio
Investment Objective
Nature of Security/Security Name Percentage
To provide growth opportunities with an objective of long term capital
Equity
appreciation through investments primarily in equity and equity related
Top 20 Equity Securities
instruments and an active management of asset allocation between Equity and
HDFC Bank Ltd 5.02
Money Market instruments.
ITC Ltd 4.61
Name Date of Inception NAV as on April 28, 2017 Infosys Technologies Ltd 4.32
Equity Elite
27‐Oct‐16 Rs. 10.6743 HDFC 3.93
Opportunities
Hindustan Unilever Ltd 3.47
AUM Fund Manager Funds managed by the Fund Manager Kotak Mahindra Bank Ltd 3.17
Rs. 1.52 crore Viraj Nadkarni Equity ‐ 7, Debt ‐ 0, Balanced ‐ 5 ICICI Bank Ltd 2.94
Reliance Industries Ltd 2.72
Targeted Asset Allocation Pattern in Percentage Larsen & Toubro Limited 2.14
Minimum Maximum Actual Granules India Ltd 2.12
Equity Shares 60 100 74 Hero Motocorp Limited 1.92
Debt Securities and Bonds 0 0 0 Petronet LNG Ltd 1.90
Cash and Money Market Investments 0 40 26 Tata Consultancy Services Ltd 1.75
The actual asset allocation will remain within the 'minimum' and 'maximum' range State Bank Of India 1.62
based on market Crisil Ltd 1.47
Procter & Gamble 1.45
Fund Positioning Tata Motors Ltd 1.43
Persistent Systems Ltd 1.43
This Fund is positioned as a diversified equity fund aiming to provide a stable and ONGC Ltd 1.41
sustainable relative out performance vis‐à‐vis the benchmark. The fund would stick to Tech Mahindra Ltd 1.39
the theme of discipline, diligence and dividend yield while selecting the equity stocks. It Others 23.78
would invest at least 70 % of its exposure to equity in the large cap stocks and the Total ‐ Equity 73.96
remaining could be in mid / small cap equity stocks.
Money Market Instruments 26.04
MF Units – Liquid Funds 0.00
Grand Total 100.00
Asset Allocation in crore as on April 30, 2017
Fund Manager's Comments
0.40 In the month of April 2017, Indian markets continued its uptrend (Nifty up 1.4%) and
26% BSE Midcap (+5%) and BSE Smallcap (+6.5%) indices continued to outperform
benchmark indices. Key global indices also ended in green except (Shanghai, UK, &
Brazil). The month started on a negative note as there were geopolitical concerns
over US launching cruise missiles on Syrian airfield and a face‐off against North Korea.
1.13 However during the later part , likely favourable outcome of French presidential
74% election and expectations of US tax reforms boosted global sentiments. Nifty zoomed
to a record high, buoyed primarily by positive global cues and strong liquidity flow.
Equity Money Market Instruments The 4QFY2017 result season started on a mixed‐bag note with IT sector continuing to
reel under pressure select sectors / stocks in cement and auto space displayed
better than expected earnings. Sustained lower crude oil prices also helped in
Returns (%) maintaining positive sentiments in domestic markets. On the macroeconomic front,
Equity Elite Benchmark ‐ Equity the data was mixed with IIP growth decelerating to ‐1.2% (+ve 2.7% previous month )
Period while CPI inflation inched higher to 3.8% (~ 3.7% in previous month) . FPIs sold
Opportunities (02)
1 Month 0.88 1.03 equity worth US$168 mn in the cash segment in a reverse trend when compared to
6 Month 6.67 5.87 last couple of months while DIIs bought US$1.17 bn in April as against a sell of US$
1 Year ‐ ‐ 653 mn in previous month.
2 Year ‐ ‐
3 Year ‐ ‐
5 Year ‐ ‐
Since Inception 13.90 12.34
Industry ‐wise Exposure
Two & three wheelers 1.92%
Industrial construction 3.36%
Housing finance services 3.93%
Natural Gas Trading & Distribution 4.22%
Tobacco products 4.61%
Refinery 4.65%
Cosmetics, toiletries, soaps & detergents 5.90%
Drugs & pharmaceuticals 7.35%
Computer software 10.25%
Financial and Insurance Activities 13.96%
Others 39.85%
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Quantitative Indicators (Equity)
Std Dev (Annualised) Sharpe Ratio Portfolio Beta
‐ ‐ ‐Balanced Fund (SFIN:ULIF005161109BALANCEDFN143)
Fact Sheet for April 2017 ( based on portfolio as on 30.04.2017 )
Portfolio
Investment Objective
Nature of Security/Security Name Rating Percentage
To provide higher growth with reasonable security, by investing primarily in Equity
equity instruments and moderate allocation in debt securities/ bonds.
Top 10 Equity Securities
HDFC Bank Ltd 4.38
Name Date of Inception NAV as on April 28, 2017 ITC Ltd 4.12
Balanced Fund 25‐Nov‐09 Rs. 17.7454 Infosys Technologies Ltd 3.68
ICICI Bank Ltd 3.37
AUM Fund Manager Funds managed by the Fund Manager HDFC 2.56
Sandeep Shirsat Equity ‐ 0, Debt ‐ 7, Balanced ‐ 5 Tata Motors Ltd 2.31
Rs. 135 crore
Viraj Nadkarni Equity ‐ 7, Debt ‐ 0, Balanced ‐ 5 Larsen & Toubro Limited 2.23
State Bank Of India 2.15
Targeted Asset Allocation Pattern in Percentage Reliance Industries Ltd 2.08
Minimum Maximum Actual Kotak Mahindra Bank Ltd 1.96
Equity Shares 50 70 57 Others 27.83
Debt Securities and Bonds 30 50 33 Total ‐ Equity 56.70
Cash and Money Market Investments 0 20 10
The actual asset allocation will remain within the 'minimum' and 'maximum' range based Debt
on market opportunities and future outlook of the markets Top Sovereign Securities
7.28% Government Of India 2019 Sovereign 3.36
Fund Positioning 7.83% Government Of India 2018 Sovereign 2.99
8.12% Government Of India 2020 Sovereign 2.53
This Fund is positioned as a balanced mix of debt and equity, with the asset allocation
8.27% Government Of India 2020 Sovereign 2.31
pattern providing a good opportunity to provide consistent and sustainable returns. The
7.8% Government Of India 2021 Sovereign 1.52
equity portion will have a highly diversified portfolio with high liquidity while the debt
Total ‐ Sovereign Securities 12.71
portion will comprise of high rated debt instruments with a low to moderate liquidity.
The asset allocation will follow a macro level market scenario and the individual stock
Top 10 Corporate bonds
selection will be with micro level performance expectations of the stocks and securities.
8.46% HDFC 2019 AAA 3.77
9.95% Food Corporation Of India 2022 AAA 2.43
9.35% Rural Electrification Corp 2022 AAA 2.39
Asset Allocation in crore as on April 30, 2017 9.22% LIC Housing Finance Ltd 2024 AAA 1.99
9.29% Power Finance Corporation Ltd 2022 AAA 1.56
14.05 8.5% HDFC 2020 AAA 1.53
10% 9.51% LIC Housing Finance Ltd 2019 AAA 1.16
9.55% Hindalco Industries Ltd 2022 AA‐ 1.16
44.59 10.02% Mahindra & Mahindra Fin. Serv. 2022 AAA 1.01
76.78
33% 10.15% Mahindra & Mahindra Fin. Serv. 2022 AAA 0.81
57%
Others 2.43
Total ‐ Corporate bonds 20.22
Money Market Instruments 10.38
Equity Debt Money Market Instruments
MF Units – Liquid Funds 0.00
Grand Total 100.00
Returns (%)
Balanced Benchmark ‐ Balanced
Period
Fund (01)
1 Month 0.70 0.91
6 Month 4.44 5.78
1 year 14.63 14.74
2 year 7.29 7.52 Credit Profile of Debt and Money Market Investments
3 year 10.67 10.96 Nature Percentage
5 year 10.48 10.83 GSEC & T Bills 29.35
Since Inception 8.03 8.23 AAA & P1+ & PR1+ & A1+ 43.57
AA+ & LAA+ 0.00
Industry ‐wise Exposure (%) AA‐ 3.12
Industrial construction 2.66%
Fixed Deposits with Banks 0.00
CBLO/ Other Money Market Investments 23.96
Cosmetics, toiletries, soaps & detergents 2.75%
Total 100.00
Refinery 3.46%
Tobacco products 4.12%
Maturity Profile of Debt Portfolio
Period Exposure in Percentage
Drugs & pharmaceuticals 4.15%
0‐3 months 23.96
Infrastructure Finance Services 5.00% 3‐12 months 6.90
Computer software 7.82% 1‐ 3 year 21.36
3 ‐5 year 26.31
Housing finance services 11.60%
5‐ 10 year 21.46
Sovereign 12.71% > 10 year 0.00
Financial and Insurance Activities 16.16% Total 100.00
Others 29.56%
0% 5% 10% 15% 20% 25% 30% 35%
Quantitative Indicators (Equity)
Std Dev (Annualised) Sharpe Ratio Portfolio Beta
6.61% 1.20 0.90
Quantitative Indicators (Debt)
Average Maturity Modified Duration Fund Manager's Comments
2.84 years 2.16 years Please refer to the page “Fund Manager's Comments”Balanced 1 Fund (SFIN:ULIF011010910BALAN1FUND143)
Fact Sheet for April 2017 ( based on portfolio as on 30.04.2017 )
Portfolio
Investment Objective
Nature of Security/Security Name Rating Percentage
To provide higher growth with reasonable security, by investing primarily in Equity
equity instruments and moderate allocation in debt securities/ bonds.
Top 10 Equity Securities
HDFC Bank Ltd 4.34
Name Date of Inception NAV as on April 28, 2017 ITC Ltd 4.08
Balanced 1 Fund 14‐Sep‐10 Rs. 16.3798 Infosys Technologies Ltd 3.66
ICICI Bank Ltd 3.34
AUM Fund Manager Funds managed by the Fund Manager HDFC 2.54
Sandeep Shirsat Equity ‐ 0, Debt ‐ 7, Balanced ‐ 5 Larsen & Toubro Limited 2.25
Rs. 365 crore
Viraj Nadkarni Equity ‐ 7, Debt ‐ 0, Balanced ‐ 5 Tata Motors Ltd 2.21
State Bank Of India 2.14
Targeted Asset Allocation Pattern in Percentage Reliance Industries Ltd 2.10
Minimum Maximum Actual Kotak Mahindra Bank Ltd 1.95
Equity Shares 50 70 55 Others 26.76
Debt Securities and Bonds 30 50 33 Total ‐ Equity 55.37
Cash and Money Market Investments 0 20 12
The actual asset allocation will remain within the 'minimum' and 'maximum' range based Debt
on market opportunities and future outlook of the markets Top Sovereign Securities
7.28% Government Of India 2019 Sovereign 4.44
Fund Positioning 7.83% Government Of India 2018 Sovereign 3.05
8.12% Government Of India 2020 Sovereign 2.85
This Fund is positioned as a balanced mix of debt and equity, with the asset allocation
8.27% Government Of India 2020 Sovereign 1.92
pattern providing a good opportunity to provide consistent and sustainable returns. The
7.72% Government Of India 2025 Sovereign 0.89
equity portion will have a highly diversified portfolio with high liquidity while the debt
7.68% Government Of India 2023 Sovereign 0.28
portion will comprise of high rated debt instruments with a low to moderate liquidity.
8.08% Government Of India 2022 Sovereign 0.20
The asset allocation will follow a macro level market scenario and the individual stock
Total ‐ Sovereign Securities 13.63
selection will be with micro level performance expectations of the stocks and securities.
Top 10 Corporate bonds
9.95% Food Corporation Of India 2022 AAA 3.23
Asset Allocation in crore as on April 30, 2017 9.35% Rural Electrification Corp 2022 AAA 1.80
9.55% Hindalco Industries Ltd 2022 AAA 1.57
43.02 7.88% Power Finance Corporation Ltd 2017 AAA 1.37
12% 7.6% HDFC 2017 AAA 1.10
9.51% LIC Housing Finance Ltd 2019 AAA 0.89
202.14 9.73% LIC Housing Finance Ltd 2019 AAA 0.85
119.90
55% 8.6% LIC Housing Finance Ltd 2020 AA‐ 0.85
33%
8.53% Power Finance Corporation Ltd 2020 AAA 0.71
9.39% LIC Housing Finance Ltd 2024 AAA 0.66
Others 6.18
Total ‐ Corporate bonds 19.22
Equity Debt Money Market Instruments
Money Market Instruments 3.24
Returns (%) MF Units – Liquid Funds 8.54
Balanced 1 Benchmark ‐ Balanced
Period
Fund (01) Grand Total 100.00
1 Month 0.68 0.91
6 Month 4.30 5.78
1 year 14.16 14.74
2 year 7.49 7.52 Credit Profile of Debt and Money Market Investments
3 year 11.04 10.96 Nature Percentage
5 year 10.84 10.83 GSEC & T Bills 30.53
Since Inception 7.73 7.82 AAA & P1+ & PR1+ & A1+ 39.49
AA+ & LAA+ 0.00
Industry ‐wise Exposure (%) AA‐ 5.28
Industrial construction 2.71%
Fixed Deposits with Banks 0.00
CBLO/ Other Money Market Investments 24.70
Trading 3.23%
Total 100.00
Refinery 3.45%
Tobacco products 4.08%
Maturity Profile of Debt Portfolio
Period Exposure in Percentage
Drugs & pharmaceuticals 4.11%
0‐3 months 25.47
Infrastructure Finance Services 6.72% 3‐12 months 14.10
Computer software 7.77% 1‐ 3 year 19.40
3 ‐5 year 30.37
Housing finance services 8.82%
5‐ 10 year 10.65
Sovereign 13.63% > 10 year 0.00
Financial and Insurance Activities 14.40% Total 100.00
Others 31.09%
0% 5% 10% 15% 20% 25% 30% 35%
Quantitative Indicators (Equity)
Std Dev (Annualised) Sharpe Ratio Portfolio Beta
6.51% 1.15 0.89
Quantitative Indicators (Debt)
Average Maturity Modified Duration Fund Manager's Comments
3.07 years 1.92 years Please refer to the page “Fund Manager's Comments”Balanced Fund ‐ Pension (SFIN:ULIF006161109BALFUNDPEN143)
Fact Sheet for April 2017 ( based on portfolio as on 30.04.2017 )
Portfolio
Investment Objective
Nature of Security/Security Name Rating Percentage
To provide higher growth with reasonable security, by investing primarily in Equity
equity instruments and moderate allocation in debt securities/ bonds.
Top 10 Equity Securities
HDFC Bank Ltd 4.05
Name Date of Inception NAV as on April 28, 2017 ITC Ltd 3.84
Balanced Fund ‐
25‐Nov‐09 Rs. 18.1744 ICICI Bank Ltd 3.08
Pension
Infosys Technologies Ltd 3.04
AUM Fund Manager Funds managed by the Fund Manager HDFC 2.90
Sandeep Shirsat Equity ‐ 0, Debt ‐ 7, Balanced ‐ 5 State Bank Of India 2.79
Rs. 72 crore
Viraj Nadkarni Equity ‐ 7, Debt ‐ 0, Balanced ‐ 5 Reliance Industries Ltd 2.32
Tata Motors Ltd 1.99
Targeted Asset Allocation Pattern in Percentage Kotak Mahindra Bank Ltd 1.71
Minimum Maximum Actual Hindustan Unilever Ltd 1.67
Equity Shares 50 70 58 Others 30.81
Debt Securities and Bonds 30 50 37 Total ‐ Equity 58.20
Cash and Money Market Investments 0 20 5
The actual asset allocation will remain within the 'minimum' and 'maximum' range based Debt
on market opportunities and future outlook of the markets Top Sovereign Securities
8.12% Government Of India 2020 Sovereign 4.61
Fund Positioning 7.28% Government Of India 2019 Sovereign 3.16
8.27% Government Of India 2020 Sovereign 2.89
This Fund is positioned as a balanced mix of debt and equity, with the asset allocation
7.83% Government Of India 2018 Sovereign 1.40
pattern providing a good opportunity to provide consistent and sustainable returns. The
Total ‐ Sovereign Securities 12.06
equity portion will have a highly diversified portfolio with high liquidity while the debt
portion will comprise of high rated debt instruments with low to moderate liquidity.
Top 10 Corporate bonds
The asset allocation will follow a macro level market scenario and the individual stock
9.43% LIC Housing Finance Ltd 2022 AAA 5.23
selection will be with micro level performance expectations of the stocks and securities.
9.29% Power Finance Corporation Ltd 2022 AAA 4.39
10.15% Mahindra & Mahindra Fin. Serv. 2022 AAA 3.04
9.95% Food Corporation Of India 2022 AAA 2.67
Asset Allocation in crore as on April 30, 2017 10.02% Mahindra & Mahindra Fin. Serv. 2022 AAA 1.89
10.15% Bajaj Finance Ltd 2024 AAA 1.54
3.47 9.55% Hindalco Industries Ltd 2022 AA‐ 1.45
5% 8.5% HDFC 2020 AAA 1.43
9.3% LIC Housing Finance Ltd 2022 AAA 1.12
26.66
9.02% Rural Electrification Corp 2019 AAA 1.08
37% 41.95 Others 1.09
58%
Total ‐ Corporate bonds 24.92
Money Market Instruments 4.81
MF Units – Liquid Funds 0.00
Equity Debt Money Market Instruments
Grand Total 100.00
Returns (%)
Balanced Benchmark ‐ Balanced
Period
Fund ‐ (01)
1 Month 0.55 0.91
6 Month 4.97 5.78
1 year 15.75 14.74
2 year 8.03 7.52 Credit Profile of Debt and Money Market Investments
3 year 11.11 10.96 Nature Percentage
5 year 10.81 10.83 GSEC & T Bills 28.87
Since Inception 8.38 8.23 AAA & P1+ & PR1+ & A1+ 55.29
AA+ & LAA+ 0.00
Industry ‐wise Exposure (%) AA‐ 4.33
Trading 2.67%
Fixed Deposits with Banks 0.00
CBLO/ Other Money Market Investments 11.51
Cosmetics, toiletries, soaps & detergents 3.34%
Total 100.00
Tobacco products 3.84%
Refinery 4.34%
Maturity Profile of Debt Portfolio
Period Exposure in Percentage
Infrastructure Finance Services 5.47%
0‐3 months 11.51
Drugs & pharmaceuticals 6.35% 3‐12 months 3.36
Computer software 7.82% 1‐ 3 year 11.87
3 ‐5 year 40.26
Housing finance services 11.40%
5‐ 10 year 33.01
Sovereign 12.06% > 10 year 0.00
Financial and Insurance Activities 19.30% Total 100.00
Others 23.41%
0% 5% 10% 15% 20% 25%
Quantitative Indicators (Equity)
Std Dev (Annualised) Sharpe Ratio Portfolio Beta
6.71% 1.33 0.91
Quantitative Indicators (Debt)
Average Maturity Modified Duration Fund Manager's Comments
3.89 years 2.88 years Please refer to the page “Fund Manager's Comments”Debt Fund (SFIN:ULIF003161109DEBTFUND00143)
Fact Sheet for April 2017 ( based on portfolio as on 30.04.2017 )
Portfolio
Investment Objective
Nature of Security/Security Name Rating Percentage
To generate a good level of income and rospects for capital growth through Debt
diversified investment in corporate debt instruments, government securities and Top Sovereign Securities
money market investments.
8.27% Government Of India 2020 Sovereign 20.80
Name Date of Inception NAV as on April 28, 2017 8.12% Government Of India 2020 Sovereign 4.15
Debt Fund 25‐Nov‐09 Rs. 17.6077 7.28% Government Of India 2019 Sovereign 4.05
8.8% State Government Of Kerala 2022 Sovereign 2.12
AUM Fund Manager Funds managed by the Fund Manager 7.83% Government Of India 2018 Sovereign 2.02
Rs. 25 crore Sandeep Shirsat Equity ‐ 0, Debt ‐ 7, Balanced ‐ 5 Total ‐ Sovereign Securities 33.14
Top 10 Corporate bonds
Targeted Asset Allocation Pattern in Percentage 10.09% MRF Ltd 2021 AAA 6.54
Minimum Maximum Actual 9.39% Power Finance Corporation Ltd 2024 AAA 5.44
Equity Shares 0 0 0 9.34% Rural Electrification Corp 2024 AAA 5.42
Debt Securities and Bonds 70 100 92 10.15% Bajaj Finance Ltd 2024 AAA 4.45
Cash and Money Market Investments 0 30 8 9.5% Infrastructure Leasing & Financial Serv. 2024 AAA 4.39
The actual asset allocation will remain within the 'minimum' and 'maximum' range based 10.15% Mahindra & Mahindra Fin. Serv. 2022 AAA 4.38
on market opportunities and future outlook of the markets 9.51% LIC Housing Finance Ltd 2019 AAA 3.13
10.3% Il&FS Financial Services Ltd 2021 AAA 2.21
Fund Positioning 9.9% HDFC 2021 AAA 2.18
This Fund is positioned as a pure debt oriented fund, with asset allocation pattern 9.37% Power Finance Corporation Ltd 2024 AAA 2.17
providing a good opportunity to provide consistent and sustainable returns. The debt Others 18.24
Total ‐ Corporate bonds 58.55
portfolio will comprise of high rated debt instruments with a low to moderate liquidity,
government securities and money market investments with very high safety and easy
Money Market Instruments 8.31
liquidity. The asset allocation between corporate debt and government securities/
MF Units – Liquid Funds 0.00
money market investments and the portfolio duration of the fund, will follow a macro
Grand Total 100.00
level economic scenario while the individual corporate debt investments will follow
with a micro level credit worthiness and debt servicing capacity of companies.
Asset Allocation in crore as on April 30, 2017
2.08
8% Credit Profile of Debt and Money Market Investments
Nature Percentage
GSEC & T Bills 33.14
AAA & P1+ & PR1+ & A1+ 53.33
AA+ & LAA+ 0.00
AA‐ 5.22
22.94
Fixed Deposits with Banks 0.00
92%
CBLO/ Other Money Market Investments 8.31
Debt Money Market Instruments Total 100.00
Returns (%)
GSEC & T Bills
Period Debt Fund Benchmark ‐ Debt (01)
1 Month ‐0.19 0.10 AAA & P1+ & PR1+ & A1+
6 Month 4.23 5.37
1 year 8.43 9.44
AA‐
2 year 8.08 9.12
3 year 9.91 10.37
5 year 8.63 9.04 CBLO/ Other Money
Since Inception 7.91 8.08 Market Investments
Industry ‐ wise Exposure (%)
Copper & copper products 5.22% Maturity Profile of Debt Portfolio
Period Exposure in Percentage
Others 8.31%
0‐3 months 8.31
3‐12 months 2.02
Tyres & tubes 8.68%
1‐ 3 year 9.20
3 ‐5 year 42.28
Housing finance services 12.96%
5‐ 10 year 38.19
> 10 year 0.00
Financial and Insurance Activities 13.20%
Total 100.00
Infrastructure Finance Services 18.49%
Sovereign 33.14%
0‐3 Months
0% 5% 10% 15% 20% 25% 30% 35%
3‐12 Months
Quantitative Indicators (Debt) 1‐3 Years
Average Maturity Modified Duration
3‐5 Years
4.52 years 3.20 years
5‐10 Years
Fund Manager's Comments
Please refer to the page “Fund Manager's Comments”Debt 1 Fund (SFIN:ULIF010010910DEBT01FUND143)
Fact Sheet for April 2017 ( based on portfolio as on 30.04.2017 )
Portfolio
Investment Objective
Nature of Security/Security Name Rating Percentage
To generate a good level of income and rospects for capital growth through Debt
diversified investment in corporate debt instruments, government securities and Top 10 Sovereign Securities
money market investments.
7.83% Government Of India 2018 Sovereign 6.19
Name Date of Inception NAV as on April 28, 2017 7.8% Government Of India 2021 Sovereign 4.28
Debt 1 Fund 17‐Sep‐10 Rs. 16.792 7.16% Government Of India 2023 Sovereign 3.33
7.28% Government Of India 2019 Sovereign 3.19
AUM Fund Manager Funds managed by the Fund Manager 7.72% Government Of India 2025 Sovereign 2.98
Rs. 842 crore Sandeep Shirsat Equity ‐ 0, Debt ‐ 7, Balanced ‐ 5 8.12% Government Of India 2020 Sovereign 2.24
8.08% Government Of India 2022 Sovereign 2.06
8.83% Government Of India 2023 Sovereign 1.90
Targeted Asset Allocation Pattern in Percentage 7.68% Government Of India 2023 Sovereign 1.84
Minimum Maximum Actual 7.46% Government Of India 2017 Sovereign 0.95
Equity Shares 0 0 0 Others 1.67
Debt Securities and Bonds 70 100 80 Total ‐ Sovereign Securities 30.63
Cash and Money Market Investments 0 30 20
The actual asset allocation will remain within the 'minimum' and 'maximum' range based Top 10 Corporate bonds
on market opportunities and future outlook of the markets 8.78% Infrastructure Leasing & Financial Serv. 2018 AAA 3.03
9.06% Rural Electrification Corp 2017 AAA 2.15
Fund Positioning 9.22% LIC Housing Finance Ltd 2024 AAA 2.05
This Fund is positioned as a pure debt oriented fund, with asset allocation pattern 8.91% Power Finance Corporation Ltd 2017 AAA 1.92
providing a good opportunity to provide consistent and sustainable returns. The debt 7.6% HDFC 2017 AAA 1.79
9.85% Rural Electrification Corp 2017 AAA 1.44
portfolio will comprise of high rated debt instruments with a low to moderate liquidity,
8.9% Infrastructure Leasing & Financial Serv. 2021 AAA 1.24
government securities and money market investments with very high safety and easy
8.51% India Infradebt Limited 2021 AAA 1.24
liquidity. The asset allocation between corporate debt and government securities/
8.4% Power Grid Corporation 2022 AAA 1.23
money market investments and the portfolio duration of the fund, will follow a macro
8.53% ICICI Home Finance Company Ltd 2018 AAA 1.20
level economic scenario while the individual corporate debt investments will follow
Others 32.54
with a micro level credit worthiness and debt servicing capacity of companies.
Total ‐ Corporate bonds 49.83
Asset Allocation in crore as on April 30, 2017 Money Market Instruments 12.32
MF Units – Liquid Funds 7.21
164.49
20% Grand Total 100.00
Nature Percentage
GSEC & T Bills 30.63
AAA & P1+ & PR1+ & A1+ 47.02
677.43 AA+ & LAA+ 3.51
80% AA‐ 1.24
Fixed Deposits with Banks 0.00
Debt Money Market Instruments CBLO/ Other Money Market Investments 17.59
Total 100.00
Returns (%)
Period Debt 1 Fund Benchmark ‐ Debt (01) GSEC & T Bills
1 Month 0.67 0.10
AAA & P1+ & PR1+ & A1+
6 Month 3.48 5.37
1 year 8.32 9.44 AA+ & LAA+
2 year 7.90 9.12
3 year 9.52 10.37 AA‐
5 year 8.38 9.04
Since Inception 8.15 8.56 CBLO/ Other Money
Market Investments
Industry ‐ wise Exposure (%)
Commercial vehicles 0.50%
Telecommunication services 0.62% Maturity Profile of Debt Portfolio
Tyres & tubes 1.10% Period Exposure in Percentage
0‐3 months 18.60
Copper & copper products 1.24%
3‐12 months 22.78
Electricity distribution 2.57% 1‐ 3 year 16.88
Financial and Insurance Activities 7.47% 3 ‐5 year 17.36
5‐ 10 year 24.32
Housing finance services 12.49%
> 10 year 0.06
Others 17.59% Total 100.00
Infrastructure Finance Services 25.80%
Sovereign 30.63%
0‐3 Months
0% 5% 10% 15% 20% 25% 30% 35%
3‐12 Months
Quantitative Indicators (Debt) 1‐3 Years
Average Maturity Modified Duration
3.11 years 2.17 years 3‐5 Years
5‐10 Years
Fund Manager's Comments
> 10 Years
Please refer to the page “Fund Manager's Comments”You can also read
