group fund factsheet january 2020 · 2020-02-05 · supreme court’s dismissed telecom companies...

Life InsuranceAditya Birla Sun LifeInsurance Company Limited

Group Fund FactsheetJanuary 2020

Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com

LIFE INSURANCEAditya Birla Sun Life Insurance Company Limited PROTECTING INVESTING FINANCING ADVISING

Index Page No.

Market Outlook

Fund Managers Profile

Fund Performance

Secure Fund

Stable Fund

Stable Fund 2

Growth Fund

Growth Fund 2

Growth Advantage Fund

Money Market Fund

Money Market Fund 2

Short Term Debt Fund

Short Term Debt Fund 2

Income Advantage Fund

Gilt Fund

Bond Fund

Fixed Interest Fund

Fixed Interest Fund 2

1

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19


Nov

-19

Oct

-19

Sep

-19

Aug

-19

Jul-

19

Jun

-19

May

-19

Apr

-19

Mar

-19

Feb

-19

Jan

-19

2.0 2.

6 2.9 3.0 3.1 3.2

3.2 3.3

4.0 4.

6

5.5

7.4

2.8 2.9 3.1 3.2

2.8

2.0

1.1

1.1

0.3

0.2 0.

6

2.6

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

Market Update


Source: Tradingeconomics.com

Global Factors

a) US GDP-US GDP came in at 2.3% for FY19 Vs 2.9% last year, slowest pace of economic growth since Trump was elected as President.

b) Tariff War-Global trade tensions eased between US-China after they signed phase 1 deal and phase 2 deal is expected to further reduce tariffs.

c) China GDP-China’s economy registered a growth rate of 6.1% in CY19, lowest growth in last three decades.

d) China Manufacturing PMI-China's manufacturing PMI moderated to 51.1 in Januray’20 down from 51.5 in Decmeber’19.

e) Coronavirus-China has confirmed human-to-human transmission of a new SARS-like coronavirus, named 2019-nCoV. WHO has declared that the coronavirus outbreak in China now constitutes an international emergency as the virus has spread to atleast 18 countries.

Source: Tradingeconomics.com

Economy Review

Domestic Factors

The key events in the month were –

Inflation-CPI rose sharply to 7.35% in December’19 from 5.54% in November’19, due to higher food prices. WPI rose to 2.59% in December’19 Vs 0.58% in November’19.

a) Union Budget FY21- Fiscal deficit for FY21 has been pegged at 3.5% of GDP, FY20 fiscal deficit revised to 3.8%. Gross borrowing of Rs 7.80tn and net borrowing of Rs 5.46tn is budgeted for FY21.

b) Manufacturing PMI- Manufacturing PMI for India shot up to 55.3 in January’20 from 52.7 in December’19, at an eight year high.

c) GST Collection- GST collection for January’20 came in at Rs1,108 bn with improved compliance and plugging of evasion.

d) Trade Deficit- Trade deficit contracted to $11.25 bn in December’19 as imports fell by 8.8% and exports shrank by 1.8%.

Domestic Macro Economic Data.

On the economy front, IIP growth came in at 1.8% in November’19 Vs -4.0% in October’19. This was due to growth in all mining

and manufacturing but degrowth in electricity.

IIP

CPI WPI

Inflation

2.5

1.6

0.1 0.4

4.3 4.6

1.2

4.6

-1.4

-4.3 -4.0

1.8

-6

-4

-2

0

2

4

6

Dec-

18

Jan-

19

Feb-

19

Mar

-19

Apr-

19

May

-19

Jun-

19

Jul-1

9

Aug-

19

Sep-

19

Oct-

19

Nov-

19De

c-1

9

Market Update


Nifty

Sensex

BSE 100

Dow Jones

Hang Seng

Nikkei

Nasdaq

INDEX 29-Dec-17 30-Nov-17 % Change

11962.10 12168.45 -1.70%

40723.49 41253.74 -1.29%

12082.99 12236.19 -1.25%

28256.03 28538.44 -0.99%

23205.18 23656.62 -1.91%

26312.63 28189.75 -6.66%

9150.94 8972.60 1.99%

Nifty

Sensex

BSE 100

Dow Jones

Hang Seng

Nikkei

Nasdaq

INDEX 31-Jan-20 31-Dec-19 % Change

NSEBSE

10 Yr G-Sec Yield 5 year AAA Corporate Bond Spread

10 Year G-Sec

5 Year G-Sec

90 Day T Bill

364 Day T-Bill

Call Rates

6.60% 6.56% 0.61%

6.59% 6.47% 1.82%

5.12% 5.04% 1.56%

5.27% 5.19% 1.52%

4.91% 5.09% -3.67%

Key Indices % Change31-Jan-20 31-Dec-19

Perce

ntag

e (%)

Outlook for Equities

Equity markets fell 1.7% in the month of January’20. On the domestic front, real GDP for FY19 was revised downwards from 6.8% to 6.1%, Supreme Court’s dismissed telecom companies review petitions on the AGR case and banking sector reported elevated slippages. IMF revised India’s GDP growth forecast downward (2020 growth revised to 5.8%, down 120bps and 2021 growth revised to 6.5%, down 90bps). On the global front, US-Iran tensions, concerns on slowdown in global growth due to the fast-spreading coronavirus has weighed on the market sentiments. FIIs bought around $1.9 bn of equities and DIIs also bought $0.3bn of equities in January’20.

Nifty is currently trading at around 18x FY21e earnings close to its 10-year average. Fiscal deficit target for FY21 has been pegged at 3.5%, with an impetus on rural economy, infrastructure, MSME and healthcare. Nominal GDP at estimated at 10% for FY21 at Rs 225tn. Under the new tax regime, tax rate cut for the middle class should drive consumption. We expect 18%-20% growth in earnings for FY21 driven by earnings growth traction in BFSI and FMCG. Investors in equity funds can continue to invest for long-term as economic growth and corporate earnings, both are expected to revive from the current levels.

Outlook for Debt

Month of January was mainly dominated by Central Bankers monetary policy meetings, Coronavirus and Union Budget which was presented by finance minister Nirmala Sitharaman on 1st February’20.

Central bankers around the globe choose to take a pause amid hopes of returning of higher inflation and continuation of economic growth. Corona Virus claimed more than 400 lives and affected more than 20,000 people, weighing on global growth. The month showed extreme pessimism across the globe and risk off gained huge momentum. The US 10-year treasury saw rally of 30 bps including momentary inverted yield curve. Chinese Yuan corrected to 7.03 against USD. Oil entered bear zone amid fear of collapsing travel and industrial demand, Brent is currently trading at $55 a barrel. India 10 year travelled very little amongst these volatility in the range of 10 bps.

In present budget, government choose to exercise the escape clause to increase the fiscal deficit at permissible 50 bps. The FY20 fiscal deficit was printed at 3.8% of GDP vs 3.3%. For FY21 the fiscal deficit is pegged at 3.5%. The net borrowing is pegged at Rs 5.36tn. This was broadly in line with overall market expectation. Helped by no negative surprise on current fiscal G-sec supply, oil price plunge and possibility of inclusion of India sovereign bonds in global emerging market bond indices, G-sec rallied by 10 bps to 6.50%. There is various skepticism on fronts like higher disinvestments target (Rs 2.1tn) and revenues from direct as well as indirect taxes.

The Indian bond markets is likely to trade in the narrow range of 6.45% to 6.60% till end of March’20. Given high liquidity of Rs 4tn the corporate bond spreads are likely to be in the range of 80-90 bps. In the MPC meeting on 6th February’20, RBI is expected to hold policy rates with dovish tone.

50

70

90

110

130

150

6.0

7.0

8.0

Jan

-19

Fe

b-1

9

Ma

r-1

9

Ap

r-1

9

Ma

y-1

9

Jun

-19

Jul-1

9

Au

g-1

9

Se

p-1

9

Oct

-19

No

v-1

9

De

c-1

9

Jan

-20

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

32000

34000

36000

38000

40000

42000

Jan-1

9

Feb-1

9

Mar-

19

Apr-

19

May-1

9

Jun-1

9

Jul-19

Aug-1

9

Sep-1

9

Oct-

19

Nov-1

9

Dec-1

9

Jan-2

0

Fund Managers Profile

Debt Fund SFIN No Fund Manager

Group Money Market Fund

Group Money Market Fund 2

Group Short Term Debt Fund

Group Short Term Debt Fund 2

Group Income Advantage Fund

Group Gilt Fund

Group Bond Fund

Group Fixed Interest Fund

Group Fixed Interest Fund 2

ULGF00824/08/04BSLIGRMMKT109ULGF01928/11/11BSLGRMMKT2109

ULGF01322/09/08BSLGSHTDBT109

ULGF02128/11/11BSLGSHTDB2109

ULGF01425/02/10BSLGINCADV109

ULGF00630/05/03BSLIGRGILT109

ULGF00530/05/03BSLIGRBOND109

ULGF00416/07/02BSLGFIXINT109

ULGF01728/11/11BSLGFXINT2109

Mr. Parin Vora

Mr. Parin Vora

Mr. Parin Vora

Mr. Parin VoraMr. Parin Vora

Mr. Parin Vora

Mr. Parin Vora

Mr. Parin Vora

Mr. Parin Vora

Fund Manager No. of Funds Managed

Debt Fund

Debt Fund

Balanced Fund Equity FundMr. Parin Vora

Mr. Sameer Mistry

9

-

6

6

-

-

Mr. Sameer Mistry – Vice President - InvestmentsMr. Sameer Mistry – Joined ABSLI in January 2009. He has over 20

years of experience in Equity Research and Fund Management. Prior to

joining us, he worked as a Fund Manager with Reliance Capital Asset

Management, Tata Mutual Fund and SBI Life Insurance. Sameer has

done his BE (Electronics & Telecom) as well as a an MBA in Finance.

Mr. Parin Vora – Joint Vice President - InvestmentsMr. Parin Vora has been with ABSLI since October 2007 and is primarily

responsible for Fixed Income trading and Fund Management. He has

19 years of experience in Fixed Income Industry and was associated

with Birla Sun Life Securities & Mata Securities. Parin has done his

MBA in Finance from Welingkar’s Institute of Management and DPMIR

from Narsee Monjee Institute of Management Studies.

Balaced Fund SFIN NoEquity Debt

Group Secure Fund

Group Stable Fund

Group Stable Fund 2

Group Growth FundGroup Growth Fund 2

Group Growth Advantage Fund

ULGF00212/06/01BSLGSECURE109

ULGF00312/06/01BSLGSTABLE109

ULGF02228/11/11BSLGSTABL2109

ULGF00112/06/01BSLGGROWTH109

ULGF01828/11/11BSLGROWTH2109ULGF01026/11/07BSLIGGRADV109

Mr. Sameer Mistry

Mr. Sameer Mistry

Mr. Sameer Mistry

Mr. Sameer Mistry

Mr. Sameer MistryMr. Sameer Mistry


Mr. Parin Vora

Mr. Parin Vora


Fund Manager

Mr. Sameer Mistry


Fund Performance as on 31st January 2020Group Funds Figures in percentage (%)

Disclaimer:This document is issued by ABSLI. While all reasonable care has been taken in preparing this document, no responsibility or liability is accepted for errors of fact or for any opinion expressed herein. This document is for information purposes only. It does not constitute any offer, recommendation or solicitation to any person to enter into any transaction or adopt any investment strategy, nor does it constitute any prediction of likely future movements in NAVs. Past performance is not necessarily indicative of future performance. We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable though its accuracy or completeness cannot be guaranteed. Neither Aditya Birla Sun Life Insurance Company Limited, nor any person connected with it, accepts any liability arising from the use of this document. You are advised to make your own independent judgment with respect to any matter contained herein. The investment risk in investment portfolio is borne by the policyholder. The name of the funds do not in any way indicate their quality, future prospects or returns. The premium paid in unit linked life insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performance ofinvestment fund and factors influencing the capital market and the policyholder is responsible for his/her decisions Insurance is the subject matter of solicitation.BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS: IRDA clarifies to public that IRDA or its officials do not involve inactivities like sale of any kind of insurance or financial products nor invest premiums. IRDA does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details ofphone call, number.* Duration for Money Market Instrument and FD’s is considered as "Zero".

Returns

Absolute

CAGR

Period SecureFund

BM BM BM BMBMStableFund

StableFund 2

GrowthFund 2

GrowthFund

1 month

3 months

6 months

1 Year

2 Years

3 Years

4 Years

5 Years

Since Inception

Returns

Absolute

CAGR

Period GrowthAdvantage

BM BM BM BM BMMoneyMarket Fund

MoneyMarket Fund 2

Short TermDebt Fund

Short TermDebt Fund 2

1 month

3 months

6 months

1 Year

2 Years

3 Years

4 Years

5 Years

Since Inception

Returns

Absolute

CAGR

Period IncomeAdvantage Fund

Gilt Fund Bond Fund FixedInterest Fund

FixedInterest Fund 2

BM BM BM BM

1 month

3 months

6 months

1 Year

2 Years

3 Years

4 Years

5 Years

Since Inception

0.36

1.11

0.05

10.88

9.30

6.60

9.06

7.76

7.40

Secure

StableStable 2Growth

Growth 2Growth Advantage

Money MarketMoney Market 2Short Term Debt FundShort Term Debt 2

Income Advantage

Gilt Fund

Bond Fund

Fixed Interest

Fixed Interest 2

BSE 100BSE 100BSE 100BSE 100BSE 100BSE 100

-------

--

20%35%35%50%50%60%

-------

--

70%55%55%40%40%30%

--

100%100%85%

-70%15%85%

85%

10%10%10%10%10%10%

100%

100%--

15%-

15%

15%

15%

Crisil Composite Bond Fund IndexCrisil Composite Bond Fund IndexCrisil Composite Bond Fund IndexCrisil Composite Bond Fund IndexCrisil Composite Bond Fund IndexCrisil Composite Bond Fund Index

-

Crisil Short Term Bond Fund IndexCrisil Short Term Bond Fund Index

Crisil Composite Bond Fund Index

-

Crisil AAA Medium Term Bond Fund IndexCrisil AA Medium Term Bond Fund Index



-

Crisil Liquid Fund IndexCrisil Liquid Fund Index

Crisil Liquid Fund Index-

Crisil Liquid Fund Index



Crisil Liquid Fund IndexCrisil Liquid Fund IndexCrisil Liquid Fund IndexCrisil Liquid Fund IndexCrisil Liquid Fund IndexCrisil Liquid Fund Index

--

ULGF00212/06/01BSLGSECURE109

ULGF00312/06/01BSLGSTABLE109

ULGF02228/11/11BSLGSTABL2109

ULGF00112/06/01BSLGGROWTH109

ULGF01828/11/11BSLGROWTH2109

ULGF01026/11/07BSLIGGRADV109

ULGF00824/08/04BSLIGRMMKT109

ULGF01928/11/11BSLGRMMKT2109

ULGF01322/09/08BSLGSHTDBT109

ULGF02128/11/11BSLGSHTDB2109

ULGF01425/02/10BSLGINCADV109

ULGF00630/05/03BSLIGRGILT109

ULGF00530/05/03BSLIGRBOND109

ULGF00416/07/02BSLGFIXINT109

ULGF01728/11/11BSLGFXINT2109

Benchmark CompositionSFIN

WeightageFund Name

Weightage WeightageIndex Index Index


0.47 0.22

1.50 1.15

4.07 3.60

10.61 9.33

7.64 6.40

7.85 6.65

9.47 8.04

7.89 6.82

10.26 8.25

0.07 -0.58

1.31 0.77

6.18 5.38

11.24 8.59

5.88 4.09

10.31 8.33

11.88 9.48

8.25 6.22

11.78 6.76

0.23 -0.08

1.26 1.01

4.67 4.27

10.64 9.08

7.02 5.56

8.68 7.31

10.27 8.61

7.95 6.63

12.33 9.37

0.24 -0.38

1.28 0.87

5.75 4.93

11.43 8.80

6.40 4.69

9.92 7.93

11.48 9.15

8.33 6.40

13.62 10.40

0.19 -0.38

1.53 0.87

6.07 4.93

11.92 8.80

7.11 4.69

10.80 7.93

12.33 9.15

9.24 6.40

12.31 9.23

0.35 -0.08

1.43 1.01

5.05 4.27

11.73 9.08

8.00 5.56

9.72 7.31

11.31 8.61

8.97 6.63

11.19 8.82

0.39 0.37

1.33 1.12

2.90 2.38

6.49 5.49

6.77 5.98

6.59 5.82

6.86 5.93

7.09 6.11

8.67 6.47

0.47 0.37

1.33 1.12

2.79 2.38

5.88 5.49

6.17 5.98

6.20 5.82

6.48 5.93

6.81 6.11

7.76 6.85

0.62 0.87

1.46 1.42

4.21 3.88

9.42 8.69

8.39 7.29

7.50 6.25

7.89 6.91

7.83 6.92

8.49 7.22

0.63 0.87

1.66 1.42

3.80 3.88

9.07 8.69

8.29 7.29

7.84 6.25

8.20 6.91

8.25 6.92

9.29 7.53

0.65 0.60

1.29 1.32

3.01 2.69

10.76 9.39

8.54 7.39

6.69 5.74

8.41 7.15

7.83 6.96

8.96 7.30

0.79 1.06

1.72 1.60

4.25 4.42

10.02 9.64

7.81 7.01

6.71 6.19

7.87 7.18

7.69 7.02

9.80 7.88

0.69 0.60

1.62 1.32

3.29 2.69

11.43 9.39

9.22 7.39

7.07 5.74

8.80 7.15

7.96 6.96

8.77 6.39

0.77 0.60

1.08 1.32

3.10 2.69

10.72 9.39

9.96 7.39

7.56 5.74

9.28 7.15

8.79 6.96

10.44 7.66

Benchmark: BSE 100, Crisil Composite Bond Fund Index & Crisil Liquid Fund Index

Asset held ̀ 2693.47 Cr as on 31st January 2020:

EQUITY: 18.32%

N AV as on 31st January 2020: ` 61.7451

Group Secure Fund SFIN No.ULGF00212/06/01BSLGSECURE109Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 20 years &19 years Portfolio as on Friday, January 31, 2020

Fund Snapshot Date of Inception: 19-Jun-01Objective:

Strategy:

This investment fund option helps build your capital and generate better returns at moderate level of risk, over a medium or long-term period through a balance of investment in equity and debt.

To generate better return with moderate level of risk through active management of fixed income portfolio and focus on creating long term equity portfolio which will enhance yield of composite portfolio with low level of risk appetite.

Know the Fund BetterExposure to equities 19.30%, slightly increased25.72% and MMI has increased to 20.50% from 19.42% on a MOM basis. Over 89% of the debt portfolio remains invested in highest rated instruments.The fund is predominantly invested in large cap stocks and maintains a well diversified equity portfolio.

has to 18.32% fromG-Secs has to 25.93% from

decreased

CORPORATE DEBT: 35.25%GOVERNMENT SECURITIES: 25.93%9.20% GOI 2030 (MD 30/09/2030) 4.34%8.83% GOI 2023 (MD 25/11/2023) 3.13%8.60% GOI 2028 (MD 02/06/2028) 2.87%8.33% GOI 2026 (MD 09/07/2026) 2.25%8.30% GOI 2042 (MD 31/12/2042) 1.47%9.23% GOI 2043 (MD 23/12/2043) 1.16%8.13% GOI 2045 (MD 22/06/2045) 1.02%8.97% GOI 2030 (MD 05/12/2030) 0.85%8.17% GOI 2044 (MD 01/12/2044) 0.78%7.16% GOI 2023 (MD 20/05/2023) 0.76%Other Government Securities 7.31%

9.60% Hindalco Industries Ltd. NCD (MD 02/08/2022) 1.76%8.45% HDFC Ltd. NCD MD (18/05/2026) (Series P - 012) 1.66%6.98% NABARD NCD (MD 30/09/2020) 18G 1.12%8.30% IRFC NCD (MD 25/03/2029) 0.97%8.00% National Housing Bank(Call/Put22/05/2020 MD 22/02/2022) 0.96%9.00% Godrej & Boyce Man Co Ltd. NCD MD (22/04/21) (Step Up 0.95%8.75% HDFC Ltd. NCD (04/03/2021)(Series P-002) (Put Opt 14/0 0.95%8.15% Tata Steel Ltd NCD (MD 01/10/2026) 0.94%7.50 HDFC Ltd. NCD (MD 07/07/2020) 0.93%8.50% NABARD NCD Sr 19F (MD 31/01/2023) 0.90%Other Corporate Debt 24.11%

HDFC Bank Limited 1.82%Reliance Industries Limited 1.56%Housing Development Finance Corporation 1.40%ICICI Bank Limited 1.29%Infosys Limited 1.11%ITC Limited 0.75%Kotak Mahindra Bank Limited 0.72%Larsen & Toubro Limited 0.71%Tata Consultancy Services Limited 0.63%Axis Bank Limited 0.54%Other Equity 7.80%

MMI, Deposits, CBLO & Others: 20.50%

SECTORAL ALLOCATION

ASSET ALLOCATION

Rating Profile

AUM (In Cr) as on 31st January 2020

AAA33.46%

AA

16.07%

AA+

5.99%A1+

4.67% AA-0.66%

Sovereign39.15%


MMI, Deposits,CBLO & Others

20.50%NCD

Equity18.32%

25.93%G-Secs

35.25%

Debt2199.92 ( 82 %)

Equity493.55 ( 18 %)

Modified Duration: 3.42 years

Secure BM

8.54%

2.77%

3.44%

3.85%

5.21%

8.49%

9.08%

9.89%

10.57%

12.32%

25.85%

OTHERS

TELECOMMUNICATION

CEMENT

AUTOMOBILE

PHARMACEUTICALS

FINANCIAL SERVICES

CAPITAL GOODS

OIL AND GAS

FMCG

SOFTWARE / IT

BANKING

Jan-13

Jul-13

Jan-14

Jul-14

Jan-15

Jul-15

Jan-16

Jul-16

Jan-17

Jul-17

Jan-18

Jul-18

Jan-19

Jul-19

Jan-20


Asset held ̀ as on 31st January 2020: 625.62 Cr Modified Duration: 4.24 years

EQUITY: 32.28%CORPORATE DEBT: 19.41%GOVERNMENT SECURITIES: 31.74%


Group Stable Fund SFIN No.ULGF00312/06/01BSLGSTABLE109Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 20 years &19 years Portfolio as on Friday, January 31, 2020

Fund Snapshot Date of Inception: 31-Aug-01Objective:

Strategy:

This investment fund option helps you grow your capital through enhanced returns over a medium to long term period through investments in equity and debt instruments, thereby providing a good balance between risk and return. This fund is suitable for those who want to earn higher return on investment through balanced exposure to equity and debt securities.

To earn capital appreciation by maintaining diversified equity portfolio and seek to earn regular return on fixed income portfolio by active management resulting in wealth creation for policyholders.

Know the Fund BetterOver 92% of the debt portfolio remains invested in highest rated instruments.The fund is predominantly invested in large cap stocks and maintains a well diversified equity portfolio.

9.23% GOI 2043 (MD 23/12/2043) 5.70%8.33% GOI 2026 (MD 09/07/2026) 4.79%8.83% GOI 2023 (MD 25/11/2023) 3.42%9.20% GOI 2030 (MD 30/09/2030) 2.77%7.59% GOI 2029 (MD 20/03/2029) 2.51%8.28% GOI (MD 15/02/2032) 2.22%8.17% GOI 2044 (MD 01/12/2044) 1.78%8.60% GOI 2028 (MD 02/06/2028) 1.76%7.61% GOI 2030 (MD 09/05/2030) 1.25%8.08% GOI (MD 02/08/2022) 1.05%Other Government Securities 4.49%

9.00 HDFC Ltd. NCD (MD 29/11/2028) Series U-005 3.48%7.85% Indian Hotels Co Ltd (MD 15/04/2022) S-1 2.95%8.75% LIC Housing Finance Ltd NCD (MD 08/12/2028) 2.58%9.475% Aditya Birla Finance Ltd NCD G-8 (MD 18/03/2022) 1.69%7.80% Apollo Tyres Limited Series B Maturity 28Th Apr 2023 1.65%7.99% HDFC Ltd NCD (MD 11/07/24) Series V-006 1.16%8.40% Power Grid Corporation NCD(MD 27/05/2027) [I] 0.84%8.80% Tata Capital Financial Services Ltd NCD MD 27/09/2021 0.83%8.90% LIC Housing Finance Ltd NCD(10/08/2020) 0.81%7.58% PNB Housing Finance Ltd NCD (MD 15/03/2021) 0.81%Other Corporate Debt 2.62%

HDFC Bank Limited 3.21%Reliance Industries Limited 2.74%Housing Development Finance Corporation 2.45%ICICI Bank Limited 2.28%Infosys Limited 1.94%ITC Limited 1.31%Kotak Mahindra Bank Limited 1.29%Larsen & Toubro Limited 1.24%Tata Consultancy Services Limited 1.11%Axis Bank Limited 0.92%Other Equity 13.78%


SECTORAL ALLOCATION


Equity

Debt

201.93 (32% )

423.69 (68% )

ASSET ALLOCATION


16.58%

NCD19.41%

G-Secs

Equity32.28%

31.74%


Stable BM

Rating Profile

AAA21.30%

AA-A1+

0.05%AA+8.23%

6.04%

Sovereign64.37%

9.07%

2.77%

3.00%

3.79%

5.42%

8.44%

9.07%

9.70%

10.43%

12.63%

25.68%

OTHERS

TELECOMMUNICATION

CEMENT

AUTOMOBILE

PHARMACEUTICALS

FINANCIAL SERVICES

CAPITAL GOODS

OIL AND GAS

FMCG

SOFTWARE / IT

BANKING

Jan-13

Jul-13

Jan-14

Jul-14

Jan-15

Jul-15

Jan-16

Jul-16

Jan-17

Jul-17

Jan-18

Jul-18

Jan-19

Jul-19

Jan-20

MMI, Deposits,CBLO & Others 4.05%

NCD

Equity

13.08%

30.83%

G-Secs52.04%


Asset held ` 2.80 Cr as on 31st January 2020: Modified Duration: 3.94 years


MMI, Deposits, CBLO & Others: 13.08% ASSET ALLOCATION


Group Stable Fund 2 SFIN No.ULGF02228/11/11BSLGSTABL2109Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 20 years &19 years Portfolio as on Friday, January 31, 2020

Fund Snapshot Date of Inception: 28-Nov-11Objective:

Strategy:

This investment fund option helps you grow your capital through enhanced returns over a medium to long term period through investments in equity and debt instruments, thereby providing a good balance between risk and return. This fund is suitable for those who want to earn higher return on investment through balanced exposure to equity and debt securities.

To earn capital appreciation by maintaining diversified equity portfolio and seek to earn regular return on fixed income portfolio by active management resulting in wealth creation for policyholders.

Know the Fund BetterThe fund is predominantly invested in large cap stocks and maintains a well diversified equity portfolio.

7.80% GOI (MD 11/04/2021) 12.80%9.20% GOI 2030 (MD 30/09/2030) 8.25%9.23% GOI 2043 (MD 23/12/2043) 6.59%7.95% GOI 2032 (28.08.2032) 5.73%7.59% GOI 2026 (MD 11/01/2026) 5.58%9.15% GOI 2024 (MD 14/11/2024) 5.13%7.16% GOI 2023 (MD 20/05/2023) 5.13%8.29% Gujarat SDL 2025 (MD 26/08/2025) 2.84%

10.70% IRFC NCD (MD 11/09/2023) 4.05% HDFC Bank Limited 3.00%Reliance Industries Limited 2.74%Housing Development Finance Corporation 2.44%ICICI Bank Limited 2.26%Infosys Limited 1.82%ITC Limited 1.31%Tata Consultancy Services Limited 1.19%Larsen & Toubro Limited 1.17%Kotak Mahindra Bank Limited 1.15%Bharti Airtel Limited 0.88%Other Securitised Debt 12.87%


Stable 2 BM

SECTORAL ALLOCATION


Debt

Equity

1.94 ( 69% )

0.86 (31% )

Rating Profile

AAA5.88%

Sovereign94.12%

8.46%

2.87%

3.54%

4.05%

5.08%

8.42%

8.93%

10.20%

10.31%

12.57%

25.58%

OTHERS

TELECOMMUNICATION

CEMENT

AUTOMOBILE

PHARMACEUTICALS

FINANCIAL SERVICES

CAPITAL GOODS

OIL AND GAS

FMCG

SOFTWARE / IT

BANKING

Jan-16

Jul-16

Jan-17

Jul-17

Jan-18

Jul-18

Jan-19

Jul-19

Jan-20


Asset held ̀ 668.26 Cr as on 31st January 2020: Modified Duration: 3.75 years



Group Growth Fund SFIN No.ULGF00112/06/01BSLGGROWTH109Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 20 years &19 years Portfolio as on Friday, January 31, 2020

Fund Snapshot Date of Inception: 31-Aug-01Objective:

Strategy:

The objective of this investment fund option is to achieve optimum balance between growth and stability to provide long-term capital appreciation with balanced level of risk by investing in fixed income securities and high quality equity security. This fund option is for those who are willing to take average to high level of risk to earn attractive returns over a long period of time.

The strategy is to invest into fixed income securities & maintaining diversified equity portfolio along with active fund management policyholder’s wealth in long run.

Know the Fund BetterOver 94% of the debt portfolio remains invested in highest rated instruments.The fund is predominantly invested in large cap stocks and maintains a well diversified equity portfolio.

8.83% GOI 2023 (MD 25/11/2023) 5.58%8.33% GOI 2026 (MD 09/07/2026) 3.23%8.60% GOI 2028 (MD 02/06/2028) 1.98%9.53% State Developement -Gujrat 2024 (MD 12/02/2024) 1.64%9.20% GOI 2030 (MD 30/09/2030) 1.56%9.23% GOI 2043 (MD 23/12/2043) 1.47%7.95% GOI 2032 (28.08.2032) 1.42%8.20% GOI (MD 15/02/2022) 1.33%8.17% GOI 2044 (MD 01/12/2044) 1.17%7.75% Power Finance Corpn. Ltd. NCD(MD 22/03/2027) 1.07%Other Government Securities 4.54%

7.89% Can Fin Homes Ltd. NCD MD (18/05/2022) Series 6 2.29%9.00 HDFC Ltd. NCD (MD 29/11/2028) Series U-005 1.63%8.18% NABARD NCD (MD 26/12/2028) 1.57%9.34% Rural Electrification Corpn. Ltd. NCD (MD 25/08/2024) 1.52%8.45% HDFC Ltd. NCD MD (18/05/2026) (Series P - 012) 1.27%8.70% Power Finance Corporation Ltd. NCD (MD 14/05/2020) 1.27%8.55% Power Finance Corpn. Ltd. NCD (09/12/2021) Series 124 1.24%7.35% BPCL Ltd NCD (MD 10/03/2022) 1.18%7.99% HDFC Ltd NCD (MD 11/07/24) Series V-006 0.78%7.89% Power Grid Corporation NCD (L-VIII) (MD 09/03/2027) 0.77%Other Corporate Debt 4.20%

HDFC Bank Limited 4.62%Reliance Industries Limited 3.92%Housing Development Finance Corporation 3.50%ICICI Bank Limited 3.26%Infosys Limited 2.84%ITC Limited 1.88%Larsen & Toubro Limited 1.79%Kotak Mahindra Bank Limited 1.77%Tata Consultancy Services Limited 1.65%Axis Bank Limited 1.29%Other Equity 19.66%



SECTORAL ALLOCATION

ASSET ALLOCATION

Rating Profile


A1+5.58%

AA4.39%

AA+1.45%

AAA30.22%

Sovereign58.35%


11.13%

Equity

NCD

46.19%

17.71%

G-Secs24.98%

Debt359.61 ( 54 %)

Equity308.65 (46 %)

Growth BM

8.49%

2.77%

3.52%

3.77%

5.57%

8.43%

9.17%

9.76%

10.30%

12.72%

25.50%

OTHERS

TELECOMMUNICATION

CEMENT

AUTOMOBILE

PHARMACEUTICALS

FINANCIAL SERVICES

CAPITAL GOODS

OIL AND GAS

FMCG

SOFTWARE / IT

BANKING

Jan-13

Jul-13

Jan-14

Jul-14

Jan-15

Jul-15

Jan-16

Jul-16

Jan-17

Jul-17

Jan-18

Jul-18

Jan-19

Jul-19

Jan-20





SECTORAL ALLOCATION

ASSET ALLOCATION

Rating Profile


NAV as on 31st January 2020: ` 25.8527

Group Growth Fund 2 SFIN No.ULGF01828/11/11BSLGROWTH2109Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 20 years &19 years Portfolio as on Friday, January 31, 2020


Strategy:

The objective of this investment fund option is to achieve optimum balance between growth and stability to provide long-term capital appreciation with balanced level of risk by investing in fixed income securities and high quality equity security. This fund option is for those who are willing to take average to high level of risk to earn attractive returns over a long period of time.

The strategy is to invest into fixed income securities & maintaining diversified equity portfolio along with active fund management policyholder’s wealth in long run.

Know the Fund Better100% of the debt portfolio remains invested in highest rated instruments.The fund is predominantly invested in large cap stocks and maintains a well diversified equity portfolio.

7.95% GOI 2032 (28.08.2032) 7.46%7.59% GOI 2026 (MD 11/01/2026) 6.06%9.23% GOI 2043 (MD 23/12/2043) 2.86%8.83% GOI 2023 (MD 25/11/2023) 2.51%8.29% Gujarat SDL 2025 (MD 26/08/2025) 2.47%8.83% GOI 2041 (MD 12/12/2041) 1.10%

8.35% LIC Housing Finance Ltd. NCD (MD 23/10/2020) 4.71%8.40% Nuclear Power Corp Of India Ltd (C) (MD 28/11/2027) Se 2.46%7.69% BPCL Ltd NCD (MD 16/01/2023)-2018–Series I 2.39%7.89% Power Grid Corporation NCD (L-VIII) (MD 09/03/2027) 2.38%


Sovereign77.91%

AAA22.09%

Equity19.74 (46 %)

Debt23.26 ( 54 %)


Equity19.68%45.91%

22.47%G-Secs


NCD11.95%

Growth 2 BM

8.58%

2.77%

3.26%

3.83%

5.61%

8.48%

8.84%

9.88%

10.21%

12.81%

25.75%

OTHERS

TELECOMMUNICATION

CEMENT

AUTOMOBILE

PHARMACEUTICALS

FINANCIAL SERVICES

CAPITAL GOODS

OIL AND GAS

FMCG

SOFTWARE / IT

BANKING

Jan-16

Jul-16

Jan-17

Jul-17

Jan-18

Jul-18

Jan-19

Jul-19

Jan-20

Group Growth Advantage Fund SFIN No.ULGF01026/11/07BSLIGGRADV109Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 20 years &19 years Portfolio as on Friday, January 31, 2020

Fund Snapshot Date of Inception: 18-Feb-08Objective:

Strategy:

The Objective of the fund is to provide blend of fixed return by investing in debt & money market instruments and capital appreciation by predominantly investing in equities of fundamentally strong and large blue chip companies.

The fund option will invest at least 40% and maximum of 60% in fundamentally strong and large blue chip companies and minimum 40% in Debt and money market Instruments. The Strategy of the fund is to build and actively manage a well-diversified equity portfolio of value & growth driven stocks by following a research-focused investment approach. While appreciating the high risk associated with equities, the fund would attempt to maximize the risk-return pay-off for the long-term advantage of the policyholders. The fund will also explore the option of having exposure to quality mid cap stocks. The Fund Manager would endeavor to outperform the benchmark. The nonequity portion of the fund will be invested in highrated debt and money market instruments and fixed deposits.

Know the Fund Better100% of the debt portfolio remains invested in highest rated instruments.The fund is predominantly invested in large cap stocks and maintains a well diversified equity portfolio.



EQUITY: 55.48%CORPORATE DEBT: 12.48%


GOVERNMENT SECURITIES: 14.48%9.20% GOI 2030 (MD 30/09/2030) 7.21%8.33% GOI 2026 (MD 09/07/2026) 2.81%8.83% GOI 2023 (MD 25/11/2023) 1.69%8.60% GOI 2028 (MD 02/06/2028) 1.15%8.83% GOI 2041 (MD 12/12/2041) 0.99%9.23% GOI 2043 (MD 23/12/2043) 0.64%7.88% GOI 2030 (MD 19/03/2030) 0.01%

7.89% Power Grid Corporation NCD (L-VIII) (MD 09/03/2027) 4.27%9.05% Reliance Industries Ltd NCD (MD 17/10/2028) 2.84%9.00 HDFC Ltd. NCD (MD 29/11/2028) Series U-005 2.83%8.57% Rural Electrification Corpn. Ltd. NCD (MD 21/12/2024) 1.11%9.475% Aditya Birla Finance Ltd NCD G-8 (MD 18/03/2022) 1.10%8.43% LIC Housing Finance Ltd. NCD (MD 10/07/2026) Put 12/07 0.33%


ASSET ALLOCATION

Rating Profile



NCD

Equity

12.48%

55.48%

14.48%G-Secs

17.56%


Equity

Debt

53.34 (55% )

42.81 (45% )


SECTORAL ALLOCATION

AAA29.96%

70.04%

Growth Advantage BM

Sovereign

8.63%

2.76%

3.43%

3.83%

5.33%

8.25%

8.99%

9.82%

10.41%

12.70%

25.84%

OTHERS

TELECOMMUNICATION

CEMENT

AUTOMOBILE

PHARMACEUTICALS

FINANCIAL SERVICES

CAPITAL GOODS

OIL AND GAS

FMCG

SOFTWARE / IT

BANKING

Jan-13

Jul-13

Jan-14

Jul-14

Jan-15

Jul-15

Jan-16

Jul-16

Jan-17

Jul-17

Jan-18

Jul-18

Jan-19

Jul-19

Jan-20

Group Money Market Fund SFIN No.ULGF00824/08/04BSLIGRMMKT109Fund Manager: Parin Vora | Total Experience: 19 years

Portfolio as on Friday, January 31, 2020

Fund Snapshot Date of Inception: 30-Mar-05Objective:

Strategy:

The primary objective of the investment fund option is to provide reasonable returns, at a high level of safety and liquidity for capital conversation for the policyholder.

The strategy of investment fund option is to make judicious investments in high quality debt and money market instruments protect capital of the policyholder with very low level of risk.

Know the Fund Better100% of the fund is invested in highest rated instruments.The fund continues to maintain very low maturity profile.

Benchmark: Crisil Liquid Fund Index


6.77% Larsen & Toubro Ltd NCD(MD 20/08/2020) 5.90%8.36% Rural Electrification Corpn. Ltd. NCD(MD 22/09/2020) 3.87%8.60% LIC Housing Finance Ltd. NCD (MD 22/07/2020) 3.87%8.53% Power Finance Corpn. Ltd. NCD (MD 24/07/2020) 3.57%8.80% HDFC Ltd. NCD (MD 18/06/2020)Series U-006 3.57%7.20% HDFC Ltd NCD ( MD 01/09/2020) 3.55%7.20% IRFC NCD (MD 31/05/2020) 2.96%8.80% Larsen & Toubro Ltd NCD (MD 13/04/2020) 2.43%8.8044% HDB Financial Services Limited NCD (MD 10/08/2020) 2.39%9.20% Power Grid Corpn. Of India Ltd. NCD (MD 12/03/2020) 1.18%

CORPORATE DEBT: 33.29% ASSET ALLOCATION


Debt169.73 (100%)


Money Market BM


33.29%NCD

57.84%

Rating Profile

GOVERNMENT SECURITIES: 8.86%8.39% State Developement -Rajasthan Uday 2020(MD 15/03/2020) 5.91%6.65% GOI 2020 (MD 09/04/2020) 2.95%

G-Secs8.86%

A1+51.36%

14.40%

34.23%AAA


Sovereign

N AV as on 31st January 2020: ` 34.3703 Modified Duration: 0.09 years

Jan-13

Jul-13

Jan-14

Jul-14

Jan-15

Jul-15

Jan-16

Jul-16

Jan-17

Jul-17

Jan-18

Jul-18

Jan-19

Jul-19

Jan-20

GOVERNMENT SECURITIES: 92.06%7.80% GOI (MD 03/05/2020) 77.34%364 Days Tbill (MD 10/12/2020) 14.72%

Group Money Market Fund 2 SFIN No.ULGF01928/11/11BSLGRMMKT2109Fund Manager: Parin Vora | Total Experience: 19 years


Fund Snapshot Date of Inception: 28-NOV-11Objective:

Strategy:

The primary objective of the investment fund option is to provide reasonable returns, at a high level of safety and liquidity for capital conversation for the policyholder.

The strategy of investment fund option is to make judicious investments in high quality debt and money market instruments protect capital of the policyholder with very low level of risk.

Know the Fund Better100% of the fund is invested in highest rated instruments. The fund continues to maintain very low maturity profile.

Benchmark: Crisil Liquid Fund Index

ASSET ALLOCATION

Rating Profile



92.06%

Sovereign100.00%

Debt0.33 (100%)


Asset held ` 0.33 Cr as on 31st January 2020: NAV as on 31st January 2020: ` 18.4305

G-Secs

7.94%MMI, Deposits, CBLO & Others: 7.94%

Money Market 2 BM

Jan-16

Jul-16

Jan-17

Jul-17

Jan-18

Jul-18

Jan-19

Jul-19

Jan-20

Group Short Term Debt Fund SFIN No.ULGF01322/09/08BSLGSHTDBT109Fund Manager: Parin Vora | Total Experience: 19 years


Fund Snapshot Date of Inception: 10-Dec-08Objective:

Strategy:

This ABSLI fund option helps to provide capital preservation at a high level of safety & liquidity through judicious investments in high quality short-term debt instruments.

To actively manage the fund by building a portfolio of fixed income instruments with short-term duration. The quality & duration of the assets purchased would aim to minimize the credit risk & liquidity risk of the portfolio. Fund will maintain reasonable level of liquidity.

Know the Fund BetterExposure to Corporate Debt has to from 83.67% and MMI has increased to 19.72% from 16.33% on a MOM basis. Over 82% of the fund is invested in highest rated instruments.

decreased 80.28%

Benchmark: Crisil Short Term Bond Fund Index

Asset held ` 30.63 Cr as on 31st January 2020: Modified Duration: 1.63 yearsNAV as on 31st January 2020: ` 24.8020

CORPORATE DEBT: 80.28%7.85% NABARD NCD (MD 23/05/2022) 8.40%7.10% Power Finance Corporation LtdNCD (MD 08/08/2022) 8.26%7.85% Indian Hotels Co Ltd (MD 15/04/2022) S-1 7.36%8.70% LIC Housing Finance NCD (MD 23/03/2029) 7.01%9.10% Fullerton India Credit Co.Ltd.NCD(15/12/2021)S-68Opt-Ii 6.83%8.60% ONGC Petro Additions Limited NCD (MD 11/03/2022) 6.81%HDB Financial Services Limited Series 124 ZCB MD 29/10/2021 5.78%8.00% Reliance Jio Infocomm Limited NCD (MD 16/04/2023) 3.40%8.90% Indiabulls Housing Finance Ltd NCD Sr. Iii B (MD 26/09 3.38%6.93% Ultratech Cement Ltd NCD (MD 25/11/2021) 3.29%Other Corporate Debt 19.77%


ASSET ALLOCATION


Debt30.63 (100%)



19.72%

NCD80.28%

Rating Profile

AAA68.32%17.25%

Sovereign

14.44%AA+

Short Term Debt BM

Jan-13

Jul-13

Jan-14

Jul-14

Jan-15

Jul-15

Jan-16

Jul-16

Jan-17

Jul-17

Jan-18

Jul-18

Jan-19

Jul-19

Jan-20

Group Short Term Debt Fund 2 SFIN No.ULGF02128/11/11BSLGSHTDB2109Fund Manager: Parin Vora | Total Experience: 19 years



Strategy:

This ABSLI fund option helps to provide capital preservation at a high level of safety & liquidity through judicious investments in high quality short-term debt instruments.

To actively manage the fund by building a portfolio of fixed income instruments with short-term duration. The quality & duration of the assets purchased would aim to minimize the credit risk &liquidity risk of the portfolio. Fund will maintain reasonable level of liquidity.

Know the Fund BetterExposure to Corporate Debt has decreased to 60.50% from and MMI has increased to 39.50% from 39.25% on a MOM basis. Over 85% of the fund is invested in highest rated instruments.

slightly 60.75% slightly

Benchmark: Crisil Short Term Bond Fund Index


CORPORATE DEBT: 60.50%7.85% NABARD NCD (MD 23/05/2022) 8.45%7.35% BPCL Ltd NCD (MD 10/03/2022) 7.71%7.90% Nirma Ltd NCD Sr III (MD 28/02/2020) 7.56%7.55% Tube Investments Of India Ltd NCD (MD 20/02/2020) 6.58%8.70% Power Finance Corporation Ltd. NCD (MD 14/05/2020) 6.29%8.44% HDFC Bank Ltd. Infra Bond NCD (MD 28/12/2028) 5.20%8.58 HDFC Ltd. NCD (MD 18/03/2022) 4.45%7.95% HDFC Bank Ltd NCD Series-1 2016/17 (MD 21/09/2026) 3.40%8.40% Nuclear Power Corp Of India Ltd (C) (MD 28/11/2027) Se 2.78%6.93% Ultratech Cement Ltd NCD (MD 25/11/2021) 2.65%Other Corporate Debt 5.43%


ASSET ALLOCATION


Debt30.43 ( 100%)



39.50%

NCD60.50%

Rating Profile

AAA47.76%

AA+AA 6.77%

7.79%

Sovereign37.67%

Short Term Debt 2 BM

Jan-16

Jul-16

Jan-17

Jul-17

Jan-18

Jul-18

Jan-19

Jul-19

Jan-20

Group Income Advantage Fund SFIN No.ULGF01425/02/10BSLGINCADV109Fund Manager: Parin Vora | Total Experience: 19 years


Fund Snapshot Date of Inception: 23-Mar-10Objective:

Strategy:

To provide capital preservation and regular income, at a high level of safety over a medium term horizon by investing in high quality debt instruments.

To build and actively manage a portfolio of high quality fixed income instruments with medium-term duration. The fund will invest in government securities, high rated corporate bonds, high quality money market instruments and other fixed income securities. The quality of the assets purchased would aim to minimize the credit risk and liquidity risk of the portfolio. The fund will maintain reasonable level of liquidity.

Know the Fund BetterOver 96% of the fund remains invested in highest rated instruments.

Benchmark: Crisil Composite Bond Fund index & Crisil Liquid Fund Index

Asset held ` 42.53 Cr as on 31st January 2020: Modified Duration: 4.05 yearsN AV as on 31st January 2020: ` 23.3242


ASSET ALLOCATION

Rating Profile



2.88%

NCD

44.85%G-Secs 52.27%

AAA49.55%

3.92%

Sovereign

AA

46.53%

CORPORATE DEBT: 52.27%GOVERNMENT SECURITIES: 44.85%8.83% GOI 2023 (MD 25/11/2023) 12.71%9.23% GOI 2043 (MD 23/12/2043) 6.07%8.20% GOI (MD 15/02/2022) 5.23%7.50% GOI 2034 (10.08.2034) 5.12%7.95% GOI 2032 (28.08.2032) 5.03%8.08% GOI (MD 02/08/2022) 2.58%8.15% GOI FCI SB Bonds (MD 16/10/2022) 2.54%7.59% GOI 2026 (MD 11/01/2026) 2.45%8.30% Fertilizer Co GOI (MD 07/12/2023) 1.44%8.13% GOI 2045 (MD 22/06/2045) 0.79%Other Government Securities 0.87%

HDFC Ltd. ZCB (MD 10/05/2021)Series P-010 6.51%9.05% Reliance Industries Ltd NCD (MD 17/10/2028) 6.42%9.37% Power Finance Corporation Ltd NCD (MD 19/08/2024) 5.14%9.15% Export Import Bank Of India NCD (MD 05/09/2022) 4.98%8.50% NABARD NCD Sr 19F (MD 31/01/2023) 4.94%8.00% Reliance Jio Infocomm Limited NCD (MD 07/04/2023) 4.89%LIC Housing Finance Ltd. Tr 363 ZCB (MD 25/02/2020) 4.07%2% Tata Steel Ltd NCD (MD 23/04/2022) 3.83%8.85% Power Finance Corpn. Ltd. NCD (MD 25/05/2029) 2.55%8.30% Rural Electrification Corpn. Ltd. NCD (MD 10/04/2025) 2.47%Other Corporate Debt 6.48%


Debt42.53 (100%)

Gr. Inc Adv BM

Jan-13

Jul-13

Jan-14

Jul-14

Jan-15

Jul-15

Jan-16

Jul-16

Jan-17

Jul-17

Jan-18

Jul-18

Jan-19

Jul-19

Jan-20

Group Gilt Fund SFIN No.ULGF00630/05/03BSLIGRGILT109Fund Manager: Parin Vora | Total Experience: 19 years


Fund Snapshot Date of Inception: 28-Apr-04Objective:

Strategy:

The investment fund option aims to deliver safe and consistent returns over a long-term period by investing in government securities for capital preservation of the policyholder.

The investment fund option strategy is to invest in government securities, maintaining a medium to long-term duration of the portfolio to achieve capital conversation.

Know the Fund BetterExposure to G-Secs has to from and MMI has increased to 3.30% from 2.79% on a MOM basis.

decreased 96.70% 97.21%

Asset held ` 32.22 Cr as on 31st January 2020: Modified Duration: 9.78 yearsN AV as on 31st January 2020: ` 30.8152


ASSET ALLOCATION

Rating Profile


Sovereign100.00%

GOVERNMENT SECURITIES: 96.70%8.17% GOI 2044 (MD 01/12/2044) 34.64%8.83% GOI 2041 (MD 12/12/2041) 22.98%9.23% GOI 2043 (MD 23/12/2043) 15.27%8.13% GOI 2045 (MD 22/06/2045) 8.64%9.15% GOI 2024 (MD 14/11/2024) 2.74%9.20% GOI 2030 (MD 30/09/2030) 2.51%8.83% GOI 2023 (MD 25/11/2023) 2.35%8.30% GOI 2042 (MD 31/12/2042) 2.13%8.28% GOI 2027 (MD 21/09/2027) 1.68%8.15% GOI 2022 (MD 11/06/2022) 1.62%Other Government Securities 2.14%


Debt32.22 (100%)


3.30%

G-Secs96.70%

Group Bond Fund SFIN No.ULGF00530/05/03BSLIGRBOND109Fund Manager: Parin Vora | Total Experience: 19 years


Fund Snapshot Date of Inception: 28-Jan-07Objective:

Strategy:

The investment fund option aims to achieve capital preservation alongwith stable returns by investing in corporate bonds over medium-term period.

The fund follows a strategy to invest in high credit rated corporate bonds, maintaining a short-term duration of the portfolio at a medium level of risk to achieve capital conservation.

Know the Fund BetterExposure to Corporate Debt has to from 81.92% and MMI has increased to 33.94% from 18.08% on a MOM basis. Over 90% of the fund remains invested in highest rated instruments.

decreased 66.06%

Asset held ̀ 638.78 Cr as on 31st January 2020: Modified Duration: 2.24 yearsN AV as on 31st January 2020: ` 35.4108

CORPORATE DEBT: 66.06%8.70% HDFC Ltd NCD (MD 15/12/2020) 3.99%6.98% NABARD NCD (MD 30/09/2020) 18G 3.14%8.65% Power Finance Corpn. Ltd. NCD (MD 28/12/2024) 2.71%9.37% Power Finance Corporation Ltd NCD (MD 19/08/2024) 2.57%8.30% Rural Electrification Corpn. Ltd. NCD (MD 10/04/2025) 2.46%8.18% NABARD NCD (MD 26/12/2028) 2.46%7.40% Rural Electrification Corpn. Ltd. NCD (MD 26/11/2024) 2.39%8.70% LIC Housing Finance NCD (MD 23/03/2029) 2.18%Bharti Telecom Ltd. ZCB (MD 19/02/2021) Series 2 1.88%2% Tata Steel Ltd NCD (MD 23/04/2022) 1.79%Other Corporate Debt 40.49%

ASSET ALLOCATION

Rating Profile



33.94%

NCD66.06%

Benchmark: Crisil AAA Medium Term Bond Index, Crisil AA Medium Term Bond Index & Crisil Liquid Fund Index


Debt638.78 (100%)

AAA64.00%Sovereign

AA-

26.42%

AA5.04%

AA+3.70% 0.84%MMI, Deposits, CBLO & Others: 33.94%

Gr.Bond BM

Jan-13

Jul-13

Jan-14

Jul-14

Jan-15

Jul-15

Jan-16

Jul-16

Jan-17

Jul-17

Jan-18

Jul-18

Jan-19

Jul-19

Jan-20

Group Fixed Interest Fund SFIN No.ULGF00416/07/02BSLGFIXINT109Fund Manager: Parin Vora | Total Experience: 19 years



Strategy:

The investment fund option with full exposure in debt market instrument, aims to achieve value creation at low risk over along-term horizon by investing into high quality fixed interest securities.

Active fund management at a medium level of risk by having entire exposure to government securities, corporate bonds maintaining medium to long-term duration of the portfolio to achieve capital conservation.

Know the Fund BetterExposure to Corporate Debt has to from 57.03% G-Secs has decreased to 30.61% from 32.31%and MMI has increased to 15.13% from 10.66% on a MOM basis. Over 87% of the fund remains invested in highest rated instruments.

decreased 54.27%

Modified Duration: 4.19 yearsNAV as on 31st January 2020: ` 42.4972

GOVERNMENT SECURITIES: 30.61%8.13% GOI 2045 (MD 22/06/2045) 4.27%7.61% GOI 2030 (MD 09/05/2030) 4.17%7.59% GOI 2026 (MD 11/01/2026) 3.50%8.97% GOI 2030 (MD 05/12/2030) 2.94%8.33% GOI 2026 (MD 09/07/2026) 2.91%8.60% GOI 2028 (MD 02/06/2028) 2.79%8.83% GOI 2041 (MD 12/12/2041) 2.00%8.17% GOI 2044 (MD 01/12/2044) 1.94%8.67% State Developement -Maharashtra 2026 (MD 24/02/2026) 1.56%7.72% GOI 2025 (MD 25/05/2025) 1.52%Other Government Securities 3.00%


ASSET ALLOCATION

Rating Profile



15.13%

NCD54.27%

G-Secs30.61%

AAA

41.63%

AA6.30%

AA+4.60%

AA-2.36%

A1+2.43%

Sovereign

42.68%


CORPORATE DEBT: 54.27%9.05% Reliance Industries Ltd NCD (MD 17/10/2028) 3.16%8.30% Rural Electrification Corpn. Ltd. NCD (MD 10/04/2025) 2.28%9.25% Reliance Jio Infocomm Limited NCD (MD 16/06/2024) 2.26%10.90% AU Small Finance BankLimited NCD (MD 30/05/2025) 2.03%9.05 HDFC Ltd. NCD Series U-001 (MD 16/10/2028) 1.98%LIC Housing Finance Ltd. ZCB Opt-1 (MD 25/03/2021) 1.97%8.95% Reliance Industries Ltd NCD(MD 09/11/2028)Ppd Series H 1.97%8.00% National Housing Bank(Call/Put22/05/2020 MD 22/02/2022) 1.86%7.75% Mangalore Refinery & Petrochemicals Ltd(MD 29/01/2030) 1.83%9.24% LIC Housing Finance Ltd NCD (MD 30/09/2024) 1.82%Other Corporate Debt 33.10%



Debt1380.95 ( 100%)

Fixed Interest BM

Jan-13

Jul-13

Jan-14

Jul-14

Jan-15

Jul-15

Jan-16

Jul-16

Jan-17

Jul-17

Jan-18

Jul-18

Jan-19

Jul-19

Jan-20

Group Fixed Interest Fund 2 SFIN No.ULGF01728/11/11BSLGFXINT2109Fund Manager: Parin Vora | Total Experience: 19 years



Strategy:

The investment fund option with full exposure in debt market instrument, aims to achieve value creation at low risk over along-term horizon by investing into high quality fixed interest securities.

Active fund management at a medium level of risk by having entire exposure to government securities, corporate bonds maintaining medium to long-term duration of the portfolio to achieve capital conservation.

Know the Fund BetterExposure to 96.33% slightly decreased 3.27%3.67% on a MOM basis. 100% of the fund remains invested in highest rated instruments.

G-Secs has to % from and MMI has to from

slightly increased 96.73


GOVERNMENT SECURITIES: 96.73%8.20% GOI 2025 (MD 24/09/2025) 96.73%


ASSET ALLOCATION

Rating Profile



3.27%

G-Secs96.73%

Sovereign100.00%



Debt3.21 (100%)

FIF 2 BM

Jan-16

Jul-16

Jan-17

Jul-17

Jan-18

Jul-18

Jan-19

Jul-19

Jan-20

group fund factsheet january 2020 · 2020-02-05 · supreme court’s dismissed telecom companies...

Documents