Index. Pg 1. Market Outlook. Pg 3. Fund Managers Profile. Pg 4. Fund Performance. Pg 5. Secure Fund. Pg 6. Stable Fund. Pg 7. Growth Fund.

Size: px
Start display at page:

Download "Index. Pg 1. Market Outlook. Pg 3. Fund Managers Profile. Pg 4. Fund Performance. Pg 5. Secure Fund. Pg 6. Stable Fund. Pg 7. Growth Fund."

Transcription

1 March 2015

2 Index as on 31st March 2015 Market Outlook Pg 1 Fund Managers Profile Pg 3 Fund Performance Pg 4 Secure Fund Pg 5 Stable Fund Pg 6 Growth Fund Pg 7 Growth Advantage Fund Pg 8 Money Market Fund Pg 9 Short Term Debt Fund Pg 10 Income Advantage Fund Pg 11 Gilt Fund Pg 12 Bond Fund Pg 13 Fixed Interest Fund Pg 14

3 Market Update Economy Review March saw another unscheduled rate cut by the Reserve Bank of India. RBI, on 4th Mar 2015, cut the repo rate from 7.75% to 7.5% and the reverse repo rate from 6.75% to 6.5%. Both the equity and debt markets reacted positively to the rate cuts but failed to maintain their momentum. Sentiments were dampened by (a) the possibility of a US Federal Reserve rate hike, (b) fears of a pause in the rate-cut cycle due to rise in inflation and (c) a surge in crude oil prices due to political tension in Middle East. Parliament was able to pass a number of key legislative bills in March. The bills that got assent from both houses were a) the Insurance Bill, which hikes FDI limit from 26% to 49% b) the Coal Mining Bill which allows the government to auction coal mines under e-auction and c) the MMDR Bill which allow grants of mineral concessions through auctions, thereby bringing in greater transparency and removing discretion. The Land Acquisition Bill however got passed only in Lok Sabha and would need to be re promulgated as an ordinance. The government is likely to seek support for the land acquisition and GST bills during the month long recess before the parliament resumes on 20-April The Government was able to successfully complete the spectrum auctions and collected around Rs 1.1 trillion. The Coal block e-auction were also completed, collecting nearly Rs 2 trillion. These receipts will help ease the fiscal burden in both and The Government recently unveiled its foreign trade policy (FTP) for the next five. India aims to raise its exports to $900 billion by fiscal year The new policy would boost exports and create jobs while supporting the Government's 'Make in India' and 'Digital India' programs. News on economy front was mixed. Heavy rain in many parts of the country damaged standing Rabi crops. This may lead to a short term increase in CPI. While the wholesale price index (WPI) declined to -2.1%% in February against -0.4% in the previous month, CPI increased marginally to 5.4% in February against 5.1% in January. The IIP for January 2014 was 1.7 % but growth in eight core sector industries slowed to 1.4 per cent in February as against 1.8 per cent in the previous month. India's HSBC manufacturing PMI in March improved as both output and new orders rose. The manufacturing PMI was recorded at for the month of March-15 from in February-15. India's HSBC services PMI was recorded at in March-15, slightly lower from in February

4 Market Update Outlook for Equities The markets lost 4.8% in March. This sell-off was largely driven by lack of positive triggers and profitbooking by investors. FIIs continued buying and invested $1.6bn in equities in March, taking their YTD tally to $5.9bn. DIIs meanwhile were small net buyers of $31mn keeping their YTD net sell tally almost unchanged at $861mn. With an economic structural uptrend visible in the ahead, equities do not look expensive with Sensex at 14.5 multiple of FY17 earnings. We expect significant gains in equity funds for long term investors. BSE NSE INDEX Feb-15 % Change Nifty Sensex BSE 100 Dow Jones Nikkei Hang Seng % % % % % % Nasdaq % Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Outlook for Debt Though RBI cut rates by 25 basis points, the bond yields traded in a narrow zone with an upward bias. This was mainly because of worries that US Fed could start raising rates by June, which could lead to outflows from the Indian market and the currency weakening. Structural liquidity is however at comfortable levels. The 10 Government bond yields have fallen below 7.75% levels. We expect 10 year G-sec yield to be in the range of 7.50% %. The corporate bond yields are expected to trail the G-sec market with a spread of basis points Yr G-Sec Yield 5 year AAA Corporate Bond Spread bps Key Indices 10 year G-Sec 5 Year G-Sec 91 Day T Bill Feb-15 % Change 7.74% 7.73% 0.13% 7.75% 7.77% -0.26% 8.27% 8.35% -0.97% day T-Bill 7.93% 8.04% -1.39% MIBOR 8.76% 8.38% 4.34% Call Rates 7.80% 7.75% 0.64% Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 2

5 Fund Managers Profile Mr. Sameer Mistry - Fund Manager Equity Mr. Sameer Mistry joined BSLI in January He has over 15 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 an MBA in Finance. Mr. Sameer Mistry Mr. Parin Vora Mr. Parin S Vora - Chief Manager Investments Mr. Parin S Vora has been with BSLI since October 2007 and is primarily responsible for Fixed Income trading and Fund Management. He has 15 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. 3

6 Fund Performance as on 31st March 2015 Group Funds Figures in percentage (%) Returns Period Secure Fund Stable Fund Growth Fund Growth Advantage 1 month -0.25% -0.31% -0.65% -0.99% -1.06% -1.66% -1.39% -2.11% Absolute Return 3 months 6 months 3.34% 2.48% 8.40% 6.67% 3.88% 2.52% 8.89% 6.73% 4.41% 2.55% 9.51% 6.78% 5.00% 2.56% 10.37% 6.80% 1 Year 17.90% 14.85% 21.32% 16.84% 24.92% 18.84% 27.96% 20.16% 2 Years 12.15% 10.69% 14.64% 12.55% 17.21% 14.40% 19.35% 15.63% CAGR 3 Years 4 Years 11.44% 9.99% 9.43% 8.56% 12.94% 11.08% 9.95% 8.74% 14.46% 12.14% 10.31% 8.86% 15.89% 12.83% 11.33% 8.92% 5 Years 8.77% 7.96% 9.30% 8.19% 9.78% 8.37% 10.83% 8.45% Since Inception 11.05% 7.50% 13.86% 8.98% 15.46% 10.59% 14.04% 8.14% Returns Period Money Market Fund Short Term Income Debt Fund Advantage Fund 1 month 0.67% 0.71% 0.61% 0.77% 0.32% 0.60% Absolute Return 3 months 6 months 2.02% 1.87% 4.16% 3.74% 2.17% 2.10% 4.74% 4.68% 2.77% 2.42% 8.04% 6.57% 1 Year 8.64% 7.76% 9.29% 9.09% 14.33% 12.18% 2 Years 8.83% 8.01% 8.81% 8.35% 9.70% 8.18% 3 Years 9.14% 7.95% 9.51% 8.46% 10.25% 8.50% CAGR 4 Years 9.19% 7.97% 9.45% 8.31% 10.83% 8.25% 5 Years 8.89% 7.53% 8.97% 7.58% 10.01% 7.58% Since Inception 9.46% 7.04% 8.97% 7.12% 9.96% 7.60% Returns Period Gilt Fund Bond Fund Fixed Interest Fund Absolute Return CAGR 1 month 3 months 6 months 1 Year 2 Years 3 Years 4 Years 5 Years Since Inception -0.33% 2.72% 10.68% 17.27% 8.80% 9.68% 8.40% 7.58% 7.13% 0.60% 2.67% 6.21% 11.92% 9.41% 10.33% 10.07% 9.49% 11.06% 0.70% 2.47% 6.10% 11.62% 8.72% 9.04% 8.72% 7.91% 8.39% 0.25% 3.04% 8.77% 14.94% 10.62% 11.24% 10.72% 10.15% 9.04% 0.60% 2.42% 6.57% 12.18% 8.18% 8.50% 8.25% 7.58% 5.34% Fund Name Secure Stable Growth Growth Advantage Money Market Income Advantage Fixed Interest Short Term Debt Fund Bond Fund Gilt Fund Benchmark Composition BSE 100 Crisil Composite Bond Index BSE 100 Crisil Composite Bond Index BSE 100 Crisil Composite Bond Index BSE 100 Crisil Composite Bond Index Crisil Composite Bond Index - Crisil Composite Bond Index - Crisil Short Term Bond Index - Crisil AAA long term index & Crisil AA short term index - - Crisil Liquid Fund Index Crisil Liquid Fund Index Crisil Liquid Fund Index Crisil Liquid Fund Index Crisil Liquid Fund Index Crisil Liquid Fund Index Crisil Liquid Fund Index CRISIL Liquid Fund Index SFIN ULGF00212/06/01BSLGSECURE109 ULGF00312/06/01BSLGSTABLE109 ULGF00112/06/01BSLGGROWTH109 ULGF01026/11/07BSLIGGRADV109 ULGF00824/08/04BSLIGRMMKT109 ULGF01425/02/10BSLGINCADV109 ULGF00416/07/02BSLGFIXINT109 ULGF01322/09/08BSLGSHTDBT109 ULGF00530/05/03BSLIGRBOND109 ULGF00630/05/03BSLIGRGILT109 Disclaimer: This document is issued by BSLI. 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 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 of investment 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 of phone call, number. 4

7 Group Secure Fund Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) Total Experience: 15 & 15 ULGF00212/06/01BSLGSECURE109 Date of Inception: 19-Jun-01 Objective: To 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. Strategy: 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. Exposure to Equities has slightly decreased to % from 19.86%, exposure to G-Secs has increased to 46.89% from 42.07% while that to MMI has decreased to % from 13.17% on a MOM basis. Over 91% 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. Asset held as on 31st March 2015: ` cr NAV as on 31st March 2015: ` Modified Duration: 5.72 Benchmark: BSE 100 & Crisil Composite Bond Index & Crisil Liquid Fund Index GOVERNMENT SECURITIES: 46.89% 9.23% Government Of India % 8.83% Government Of India % 8.6% Government Of India % 7.16% Government Of India % 8.83% Government Of India % 8.33% Government Of India % 9.2% Government Of India % 8.79% Government Of India % 8.13% Government Of India % 8.26% Government Of India % Other Government Securities 9.58% CORPORATE DEBT: 23.06% 8.9% Steel Authority Of India Ltd % 9.25% PGC. Of India Ltd % 9.15% ICICI Bank Ltd % 9% Tata Capital Fin Services Ltd % 9.95% Tata Motors Ltd % 8.58% HDFC. Ltd % 9.95% Family Credit Limited % 8% MVM Limited % 9.6% L&T Finance Ltd % 9.7% Power Finance Corpn. Ltd % Other Corporate Debt 13.38% EQUITY: 19.05% HDFC Bank Ltd. 1.38% Infosys Ltd. 1.33% ICICI Bank Ltd. 1.20% L&T Ltd. 1.10% ITC Ltd. 0.87% Tata Motors Ltd. 0.87% State Bank Of India 0.84% Axis Bank Ltd. 0.76% Reliance Industries Ltd. 0.76% Maruti Suzuki India Ltd. 0.69% Other Equity 9.24% CBLO & Others: 11.01% Secure 57.45% 20.55% 22.00% Apr-07 Sep-07 Feb-08 Jul-08 Dec-08 May-09 Oct-09 Mar-10 Aug-10 Jan-11 Jun-11 Nov-11 Apr-12 Sep-12 Feb-13 Jul-13 Dec-13 May-14 Oct-14 2 to 7 7 & above SECTORAL ALLOCATION BANKING SOFTWARE / IT 13.67% 22.99% EQUITY 19.05% CBLO & Others 11.01% FMCG 10.33% AUTOMOBILE 9.18% PHARMACEUTICALS CAPITAL GOODS 8.38% 8.04% NCD 23.06% G-Secs 46.89% OIL AND GAS 6.96% FINANCIAL SERVICES OTHERS METAL 6.43% 3.74% 3.37% AAA 23.48% AA+ 6.48% AA 1.79% A+ 0.63% A % AA- 0.43% TELECOMMUNICATION 3.14% CEMENT CONSTRUCTION 2.76% 1.02% Sovereign 66.74% 5

8 Group Stable Fund Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) Total Experience: 15 & 15 ULGF00312/06/01BSLGSTABLE109 Date of Inception: 31-Aug-01 Objective: Helps you to 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. Strategy: 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. Over 97% 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. Top 4 equity sectors remain same as the previous month. Asset held as on 31st March 2015: ` cr NAV as on 31st March 2015: ` Modified Duration: 6.55 Benchmark: BSE 100 & Crisil Composite Bond Index & Crisil Liquid Fund Index GOVERNMENT SECURITIES: 40.73% 9.23% Government Of India % 8.83% Government Of India % 8.28% Government Of India % 8.79% Government Of India % 8.6% Government Of India % 8.33% Government Of India % 8.08% Government Of India % 8.3% Government Of India % 7.16% Government Of India % 8.26% Government Of India % Other Government Securities 1.95% CORPORATE DEBT: 16.12% 8.65% REC. Ltd % 10.1% PGC. Of India Ltd % 9.25% LIC Housing Finance Ltd % 9.4% NABARD % 9.6% HDFC. Ltd % 10.85% REC. Ltd % 9.61% Power Finance Corpn. Ltd % 9.33% NABARD % Tata Motors Finance Ltd % 11.25% Power Finance Corpn. Ltd % Other Corporate Debt 3.67% EQUITY: 34.45% HDFC Bank Ltd. 2.50% Infosys Ltd. 2.44% ICICI Bank Ltd. 2.17% L&T Ltd. 1.99% ITC Ltd. 1.74% Tata Motors Ltd. 1.57% State Bank Of India 1.53% Axis Bank Ltd. 1.38% Reliance Industries Ltd. 1.36% Maruti Suzuki India Ltd. 1.24% Other Equity 16.55% CBLO & Others: 8.70% Stable 58.84% 20.17% 20.98% Nov-06 Apr-07 Sep-07 Feb-08 Jul-08 Dec-08 May-09 Oct-09 Mar-10 Aug-10 Jan-11 Jun-11 Nov-11 Apr-12 Sep-12 Feb-13 Jul-13 Dec-13 May-14 Oct-14 2 to 7 7 & above SECTORAL ALLOCATION BANKING SOFTWARE / IT 13.70% 22.96% NCD 16.12% CBLO & Others 8.70% FMCG 10.64% AUTOMOBILE 9.15% PHARMACEUTICALS CAPITAL GOODS 8.18% 7.90% Equities 34.45% G-Secs 40.73% OIL AND GAS FINANCIAL SERVICES 7.38% 6.31% OTHERS METAL 3.60% 3.33% AAA 24.98% AA 2.68% AA+ 0.69% TELECOMMUNICATION 3.05% CEMENT CONSTRUCTION 2.77% 1.04% Sovereign 71.65% 6

9 Group Growth Fund Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) Total Experience: 15 & 15 ULGF00112/06/01BSLGGROWTH109 Date of Inception: 31-Aug-01 Objective: 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. Strategy: To ensure capital appreciation by simultaneously investing into fixed income securities and maintaining diversified equity portfolio. Active fund management is carried out to enhance policy holder s wealth in long run. Over 96% 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. Top 4 equity sectors remain same as the previous month. Asset held as on 31st March 2015: ` cr NAV as on 31st March 2015: ` Modified Duration: 5.56 Benchmark: BSE 100 & Crisil Composite Bond Index & Crisil Liquid Fund Index GOVERNMENT SECURITIES: 30.85% 8.83% Government Of India % 8.33% Government Of India % 8.6% Government Of India % 9.53% State Government Of Gujrat % 8.79% Government Of India % 8.2% Government Of India % 9.23% Government Of India % 8.28% Government Of India % 7.16% Government Of India % 7.95% Government Of India % Other Government Securities 4.24% CORPORATE DEBT: 14.25% 8.7% Power Finance Corpn. Ltd % 8.55% Power Finance Corpn. Ltd % 9.02% REC. Ltd % 10.15% Kotak Mahindra Prime Ltd % NABARD % 10.05% Can Fin Homes Ltd % 9.23% LIC Housing Finance Ltd % 9.46% Power Finance Corpn. Ltd % 7.6% HDFC. Ltd % 11.25% Power Finance Corpn. Ltd % Other Corporate Debt 4.70% EQUITY: 49.47% HDFC Bank Ltd. 3.60% Infosys Ltd. 3.49% ICICI Bank Ltd. 3.11% L&T Ltd. 2.86% ITC Ltd. 2.49% Tata Motors Ltd. 2.25% State Bank Of India 2.19% Axis Bank Ltd. 1.98% Reliance Industries Ltd. 1.96% Maruti Suzuki India Ltd. 1.78% Other Equity 23.75% CBLO & Others: 5.43% Gr. Growth 56.62% 30.94% 12.44% Nov-06 Apr-07 Sep-07 Feb-08 Jul-08 Dec-08 May-09 Oct-09 Mar-10 Aug-10 Jan-11 Jun-11 Nov-11 Apr-12 Sep-12 Feb-13 Jul-13 Dec-13 May-14 Oct-14 2 to 7 7 & above SECTORAL ALLOCATION BANKING SOFTWARE / IT 13.60% 23.01% G-Secs 30.85% NCD 14.25% CBLO & Others 5.43% FMCG 10.61% AUTOMOBILE 9.15% PHARMACEUTICALS CAPITAL GOODS OIL AND GAS 8.26% 7.87% 7.39% Equities 49.47% FINANCIAL SERVICES OTHERS METAL 6.39% 3.58% 3.35% AAA 27.55% AA 2.02% AA+ 1.04% A+ 0.99% TELECOMMUNICATION 3.03% CEMENT CONSTRUCTION 2.77% 1.00% Sovereign 68.40% 7

10 Group Growth Advantage Fund Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) Total Experience: 15 & 15 ULGF01026/11/07BSLIGGRADV109 Date of Inception: 18-Feb-08 Objective: 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. Strategy: The Strategy of the fund is to build and actively manage a welldiversified 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 riskreturn pay-off for the long-term advantage of the policyholders. The nonequity portion of the fund will be invested in high rated debt and money market instruments and fixed deposits. 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. Top 4 equity sectors remain same as the previous month. Asset held as on 31st March 2015: ` 39.59cr NAV as on 31st March 2015: ` Modified Duration: 7.06 Benchmark: BSE 100 & Crisil Composite Bond Index & Crisil Liquid Fund Index GOVERNMENT SECURITIES: 28.52% 8.33% Government Of India % 9.23% Government Of India % 8.83% Government Of India % 9.2% Government Of India % 8.6% Government Of India % 8.83% Government Of India % 7.8% Government Of India % 8.2% Government Of India % 7.49% Government Of India % 8.15% Government Of India % Other Government Securities 1.02% CORPORATE DEBT: 5.39% 9.05% Petronet LNG Ltd % 7.6% Power Finance Corpn. Ltd % 8.95% HDFC Bank Ltd % 8.7% Power Finance Corpn. Ltd % 11.95% HDFC. Ltd % EQUITY: 59.93% HDFC Bank Ltd. 4.37% Infosys Ltd. 4.18% ICICI Bank Ltd. 3.77% L&T Ltd. 3.46% Tata Motors Ltd. 2.73% ITC Ltd. 2.68% State Bank Of India 2.66% Axis Bank Ltd. 2.40% Reliance Industries Ltd. 2.38% Maruti Suzuki India Ltd. 2.16% Other Equity 29.14% CBLO & Others: 6.16% Gr. Advantage 66.22% 16.21% 17.57% Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 2 to 7 7 & above SECTORAL ALLOCATION BANKING SOFTWARE / IT 13.72% 23.02% G-Secs 28.52% CBLO & Others 6.16% NCD 5.39% FMCG 10.25% AUTOMOBILE 9.16% PHARMACEUTICALS 8.44% Equities 59.93% CAPITAL GOODS OIL AND GAS 7.93% 7.10% FINANCIAL SERVICES OTHERS 6.47% 3.73% AAA 8.30% AA+ 7.61% METAL 3.24% TELECOMMUNICATION 3.15% CEMENT CONSTRUCTION 2.77% 1.02% Sovereign 84.10% 8

11 Group Money Market Fund Fund Manager: Parin Vora Total Experience: 15 ULGF00824/08/04BSLIGRMMKT109 Date of Inception: 30-Mar-05 Objective: The primary objective of this BSLI Fund Option is to provide reasonable returns, at a high level of safety and liquidity for capital conservation for the Policyholder 100% of the fund is invested in highest rated instruments. The fund continues to maintain very low maturity profile. Strategy: The strategy of this BSLI Fund Option is to make judicious investments in high quality debt and money market instruments to protect capital of the Policyholder with very low level of risk. Asset held as on 31st March 2015: ` cr NAV as on 31st March 2015: ` Modified Duration: 0.57 Benchmark: CRISIL Liquid Fund Index CBLO & Others: % % MM Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 A % MMI % 9

12 Group Short Term Debt Fund Fund Manager: Parin Vora Total Experience: 15 ULGF01322/09/08BSLGSHTDBT109 Date of Inception: 10-Dec-08 Objective: The objective of the fund is to provide capital preservation at a high level of safety & liquidity through judicious investments in high quality short term debt instruments. Strategy: To actively manage the fund by building a portfolio of fixed income instruments with short term duration. The fund will invest in government securities, high rated corporate bonds, good quality money market instruments and other fixed income securities. The quality & duration 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. Exposure to Corporate Debt has decreased to 55.22% from 59.28% while that to MMI has increased to 44.78% from 40.72% on a MOM basis. Over 91% of the fund is invested in highest rated instruments. Asset held as on 31st March 2015: ` 61.39cr NAV as on 31st March 2015: ` Modified Duration: 2.21 Benchmark: CRISIL Short Term Bond Index CORPORATE DEBT: 55.22% CBLO & Others: 44.78% 9.15% L&T Ltd % 8.68% LIC Housing Finance Ltd % 8.64% PGC. Of India Ltd % 8.49% NHPC Ltd % 9.04% REC. Ltd % 8.64% PGC. Of India Ltd % 9.9% Cholamandalam Investment And Finance Co. Ltd % 8.97% EID-Parry (India) Ltd % 9.1% HDFC Bank Ltd % 9.7% NABARD % Other Corporate Debt 11.15% Dec-11 Mar-12 Jun-12 Short Term Debt Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 A % AA 4.71% AA- 4.68% Sovereign 1.50% CBLO & Others 44.78% AAA 69.97% NCD 55.22% 51.13% 40.93% 7.94% 2 to 7 7 & above 10

13 Group Income Advantage Fund Fund Manager: Parin Vora Total Experience: 15 ULGF01425/02/10BSLGINCADV109 Date of Inception: 23-Mar-10 Objective: 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. 97% of the fund remains invested in highest rated instruments. Strategy: To actively manage the fund by building a portfolio of 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. Asset held as on 31st March 2015: ` 56.31cr NAV as on 31st March 2015: ` Modified Duration: 5.82 Benchmark: Crisil Composite Bond index & Crisil Liquid Fund Index GOVERNMENT SECURITIES: 48.66% CORPORATE DEBT: 41.58% CBLO & Others: 9.76% 8.83% Government Of India % 9.23% Government Of India % 8.33% Government Of India % 8.2% Government Of India % 7.5% Government Of India % 8.79% Government Of India % 8.83% Government Of India % 8.08% Government Of India % 7.8% Government Of India % 8.32% Government Of India % 9.34% REC. Ltd % 11.25% Power Finance Corpn. Ltd % 9.7% NABARD % 9.37% Power Finance Corpn. Ltd % 9.15% Export Import Bank Of India % 9.25% PGC. Of India Ltd % 9.02% REC. Ltd % 9.25% PGC. Of India Ltd % 9.25% PGC. Of India Ltd % 9.44% LIC Housing Finance Ltd % Other Corporate Debt 5.21% Nov-11 Mar-12 Jul-12 Gr. Inc Adv Nov-12 Mar-13 Jul-13 Nov-13 Mar-14 Jul-14 Nov-14 AAA AA % 1.98% AA 0.98% NCD CBLO & Others 41.58% 9.76% Sovereign 53.92% G-Secs 48.66% 62.40% 24.95% 12.64% 2 to 7 7 & above 11

14 Group Gilt Fund Fund Manager: Parin Vora Total Experience: 15 ULGF00630/05/03BSLIGRGILT109 Date of Inception: 28-Apr-04 Objective: The fund aims to deliver safe and consistent returns over along-term period by investing in Government Securities. Strategy: Active fund management at very low level of risk by having entire exposure to government securities & money market instruments, maintaining medium term duration of the portfolio to achieve capital conservation. Exposure to G-Secs has increased to 94.46% from 92.52% while that to MMI has decreased to 5.54% from 7.48% on a MOM basis. Asset held as on 31st March 2015: ` 11.63cr NAV as on 31st March 2015: ` Modified Duration: 9.54 GOVERNMENT SECURITIES: 94.46% 9.23% Government Of India % 8.83% Government Of India % 9.15% Government Of India % 9.2% Government Of India % 8.83% Government Of India % 8.28% Government Of India % 8.15% Government Of India % 8.3% Government Of India % 7.8% Government Of India % CBLO & Others: 5.54% 96.31% 3.61% 0.09% 2 to 7 7 & above Sovereign % CBLO & Others 5.54% G-Secs 94.46% 12

15 Group Bond Fund Fund Manager: Parin Vora Total Experience: 15 ULGF00530/05/03BSLIGRBOND109 Date of Inception: 28-Jan-07 Objective: The fund aims to achieve capital preservation along with stable returns by investing in corporate bonds over medium-term period. Strategy: 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. Exposure to Corporate Debt has increased to 77.68% from 74.89% while that to MMI has decreased to 22.32% from 25.11% on a MOM basis. Over 88% of the fund remainsinvested in highest rated instruments. Asset held as on 31st March 2015: ` cr NAV as on 31st March 2015: ` Modified Duration: 4.01 Benchmark: Crisil AAA long term index & Crisil AA short term index & CRISIL Liquid Fund Index CORPORATE DEBT: 77.68% CBLO & Others: 22.32% 9.74% Tata Sons Ltd % 9.5% HDFC. Ltd % 8.54% NPC. Of India Ltd % 9.15% ICICI Bank Ltd % 9.04% REC. Ltd % 9.55% Hindalco Industries Ltd % 9.4% Export Import Bank Of India % 9.37% Power Finance Corpn. Ltd % 9.35% PGC. Of India Ltd % 9.02% REC. Ltd % Other Corporate Debt 47.01% 25.93% 31.40% 42.68% 2 to 7 7 & above Sovereign 7.33% AA 6.45% AA+ 5.99% CBLO & Others 22.32% AAA 80.24% NCD 77.68% 13

16 Group Fixed Interest Fund Fund Manager: Parin Vora Total Experience: 15 ULGF00416/07/02BSLGFIXINT109 Date of Inception: 18-Nov-02 Objective: The Fixed Interest Fund, with full exposure in debt market instrument, aims to achieve value creation at low risk over a long-term horizon by investing into high quality fixed interest securities. Strategy: The strategy is to actively manage the fund 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. Exposure to Corporate Debt has slightly increased to 30.86% from 30.66%, to G-Secs it has decreased to 65.06% from 67.00% and to MMI, it has slightly increased to 4.08% from 2.34% on a MOM basis. Over 95% of the fund remains invested in highest rated instruments. Asset held as on 31st March 2015: ` cr NAV as on 31st March 2015: ` Modified Duration: 7.15 Benchmark: Crisil Composite Bond index & Crisil Liquid Fund Index GOVERNMENT SECURITIES: 65.06% 9.23% Government Of India % 8.6% Government Of India % 8.4% Government Of India % 8.83% Government Of India % 7.16% Government Of India % 8.33% Government Of India % 9.2% Government Of India % 8.32% Government Of India % 9.15% Government Of India % 8.8% State Government Of AP % Other Government Securities 0.59% CBLO & Others: 4.08% FIF Nov-06 Apr-07 Sep-07 Feb-08 Jul-08 Dec-08 May-09 Oct-09 Mar-10 Aug-10 Jan-11 Jun-11 Nov-11 Apr-12 Sep-12 Feb-13 Jul-13 Dec-13 May-14 Oct-14 CORPORATE DEBT: 30.86% 8.68% LIC Housing Finance Ltd % 9.95% State Bank Of India % 9.4% Export Import Bank Of India % 9.37% Power Finance Corpn. Ltd % 9.64% PGC. Of India Ltd % 8.48% Power Finance Corpn. Ltd % 9.55% Hindalco Industries Ltd % 8.7% Power Finance Corpn. Ltd % 8.4% NPC. Of India Ltd % 10.6% IRFC. Ltd % Other Corporate Debt 16.10% 3.13% 14.68% 2 to % 7 & above AAA 27.27% AA 3.24% AA+ 1.66% NCD 30.86% CBLO & Others 4.08% Sovereign 67.83% G-Secs 65.06% 14

Index. Pg 1. Market Outlook. Pg 3. Fund Managers Profile. Pg 4. Fund Performance. Pg 5. Secure Fund. Pg 6. Stable Fund. Pg 7. Growth Fund.

Index. Pg 1. Market Outlook. Pg 3. Fund Managers Profile. Pg 4. Fund Performance. Pg 5. Secure Fund. Pg 6. Stable Fund. Pg 7. Growth Fund. April 2014 Index as on 30th April 2014 Market Outlook Pg 1 Fund Managers Profile Pg 3 Fund Performance Pg 4 Secure Fund Pg 5 Stable Fund Pg 6 Growth Fund Pg 7 Growth Advantage Fund Pg 8 Money Market Fund

More information

January Group Fund Factsheet. Life Insurance Aditya Birla Sun Life Insurance Company Limited

January Group Fund Factsheet. Life Insurance Aditya Birla Sun Life Insurance Company Limited Group Fund Factsheet January 2018 Life Insurance Aditya Birla Sun Life Insurance Company Limited 18002707000 LIFE INSURANCE Aditya Birla Sun Life Insurance Company Limited PROTECTING INVESTING FINANCING

More information

Market Outlook. Nifty % Sensex %

Market Outlook. Nifty % Sensex % Market Outlook 22000 BSE NSE 6500 Key Indices 30-Apr-13 31-Mar-13 % Change 21000 20000 19000 18000 17000 16000 15000 6000 5500 5000 4500 4000 3500 Nifty 5930.20 5682.55 4.36% Sensex 19504.18 18835.77 3.55%

More information

January Life Insurance Aditya Birla Sun Life Insurance Company Limited

January Life Insurance Aditya Birla Sun Life Insurance Company Limited Group Fund Factsheet January 2019 Life Insurance Aditya Birla Sun Life Insurance Company Limited LIFE INSURANCE Aditya Birla Sun Life Insurance Company Limited PROTECTING INVESTING FINANCING ADVISING Index

More information

Market Outlook Jan 13. Jan-12

Market Outlook Jan 13. Jan-12 Market Outlook 22000 BSE NSE 6500 Key Indices 31-31-Dec-12 % Change 21000 20000 19000 18000 17000 16000 15000 6000 5500 5000 4500 4000 3500 Nifty 6034.75 5905.10 2.20% Sensex 19894.98 19426.71 2.41% BSE

More information

Individual fund factsheet. August 2017

Individual fund factsheet. August 2017 Individual fund factsheet August 2017 Index Market Outlook Fund Management Details Investment Performance Liquid Plus Assure Fund Income Advantage Fund Income Advantage Guaranteed Fund Protector Fund Builder

More information

Equity Market. Nifty % 6000 Sensex % BSE % Dow Jones

Equity Market. Nifty % 6000 Sensex % BSE % Dow Jones Equity Market 22000 Sensex Nifty 6500 Key Indices 31-31-Dec-10 % Change Nifty 5505.90 6134.50-10.25% 20000 6000 Sensex 18327.76 20509.09-10.64% 18000 5500 5000 BSE 100 9569.01 10675.02-10.36% Dow Jones

More information

Equity Market. Nifty % Sensex % BSE % Dow Jones

Equity Market. Nifty % Sensex % BSE % Dow Jones Equity Market 22000 Sensex Nifty 6500 Key Indices 30-31-Mar-11 % Change Nifty 5749.50 5833.75-1.44% 20000 6000 Sensex 19135.96 19445.22-1.59% 18000 5500 5000 BSE 100 9991.88 10095.74-1.03% Dow Jones 12810.54

More information

Equity Market. Nifty % Sensex % BSE % Dow Jones

Equity Market. Nifty % Sensex % BSE % Dow Jones Equity Market 20000 18000 16000 14000 12000 10000 8000 6000 Feb-09 Mar-09 May-09 Jun-09 Jul-09 Sensex Aug-09 Oct-09 Nov-09 Nifty Dec-09 Jan-10 6000 5750 5500 5250 5000 4750 4500 4250 4000 3750 3500 3250

More information

FUND ASSURE Investment Report, February 2019

FUND ASSURE Investment Report, February 2019 FUND ASSURE Investment Report, February 2019 FUND MANAGER DETAILS Investment Report, February 2019 Summary of number of Funds managed by Fund Managers alongwith details of Equity, Balanced and Debt Sr.No

More information

Fund Assure. Inv estment Report, December 2018

Fund Assure. Inv estment Report, December 2018 Fund Assure Inv estment Report, December 2018 FUND MANAGER DETAILS Investment Report, December 2018 Summary of number of Funds managed by Fund Managers alongwith details of Equity, Balanced and Debt Sr.No

More information

InveSTAR. Fact Sheet. September Trademark used under licence from respective owners.

InveSTAR. Fact Sheet. September Trademark used under licence from respective owners. InveSTAR Fact Sheet September 2017 MONTHLY REPORT SEPTEMBER 2017 From the Desk of Chief Investment Officer OVERVIEW OF MARKET During the month, equity markets saw a marginal correction due to sell off

More information

FUND ASSURE Investment Report, March 2019

FUND ASSURE Investment Report, March 2019 FUND ASSURE Investment Report, March 2019 FUND MANAGER DETAILS Investment Report, March 2019 Summary of number of Funds managed by Fund Managers alongwith details of Equity, Balanced and Debt Sr.No Type

More information

Fund Assure. Investment Report, March 2017 ` `

Fund Assure. Investment Report, March 2017 ` ` Fund Assure Investment Report, March 2017 FUND MANAGER DETAILS Investment Report, March 2017 Summary of number of Funds managed by Fund Managers alongwith details of Equity, Balanced and Debt Sr.No Type

More information

InveSTAR. Fact Sheet. April Trademark used under licence from respective owners.

InveSTAR. Fact Sheet. April Trademark used under licence from respective owners. InveSTAR April 2018 Fact Sheet MONTHLY REPORT APRIL 2018 From the Desk of Chief Investment Officer OVERVIEW OF MARKET Markets started the year with a positive bias as Nifty gained ~6% with corporate earnings

More information

InveSTAR. Fact Sheet. December Trademark used under licence from respective owners.

InveSTAR. Fact Sheet. December Trademark used under licence from respective owners. InveSTAR Fact Sheet December 2017 MONTHLY REPORT DECEMBER 2017 From the Desk of Chief Investment Officer OVERVIEW OF MARKET Nifty rose 3% during the month of December and eneded year 2017with a return

More information

Fund Assure. Inv estment Report, November 2017

Fund Assure. Inv estment Report, November 2017 Fund Assure Inv estment Report, November 2017 FUND MANAGER DETAILS Investment Report, November 2017 Summary of number of Funds managed by Fund Managers alongwith details of Equity, Balanced and Debt Sr.No

More information

Equity Market Outlook

Equity Market Outlook Equity Market Outlook 22000 Sensex Nifty 6500 Key Indices 30-31-Aug-11 % Change Nifty 4943.25 5001.00-1.15% 20000 6000 Sensex 16453.76 16676.75-1.34% 18000 5500 5000 BSE 100 8613.22 8727.88-1.31% Dow Jones

More information

Fund Assure. Inv estment Report, August 2018

Fund Assure. Inv estment Report, August 2018 Fund Assure Inv estment Report, August 2018 FUND MANAGER DETAILS Investment Report, August 2018 Summary of number of Funds managed by Fund Managers alongwith details of Equity, Balanced and Debt Sr.No

More information

Fund Assure. Investment Report, August 2017 ` `

Fund Assure. Investment Report, August 2017 ` ` Fund Assure Investment Report, August 2017 FUND MANAGER DETAILS Investment Report, August 2017 Summary of number of Funds managed by Fund Managers alongwith details of Equity, Balanced and Debt Sr.No Type

More information

Fund Assure. Inv estment Report, July 2018

Fund Assure. Inv estment Report, July 2018 Fund Assure Inv estment Report, July 2018 FUND MANAGER DETAILS Investment Report, July 2018 Summary of number of Funds managed by Fund Managers alongwith details of Equity, Balanced and Debt Sr.No Type

More information

Gratuity Fund Performance

Gratuity Fund Performance Gratuity Fund Performance Monthly Fund Update, May 13 IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER ECONOMY ECONOMY S.No. Indicators Mar-13 Apr-13 M-o-M Variation

More information

Fund Assure. Inv estment Report, April 2018

Fund Assure. Inv estment Report, April 2018 Fund Assure Inv estment Report, April 2018 FUND MANAGER DETAILS Investment Report, April 2018 Summary of number of Funds managed by Fund Managers alongwith details of Equity, Balanced and Debt Sr.No Type

More information

FIXED INCOME UPDATE 1

FIXED INCOME UPDATE 1 1 FIXED INCOME UPDATE Abstract Rates are headed down on lower inflation Inflation is likely to hit the RBI s disinflationary path Bond yields may further fall on continuation of rate cuts Macro conditions

More information

Market Commentary. Debt Markets. Equity Markets. Change. Sensex (-0.19%) Nifty (-1.05%) INR/USD (Rs) Rs (0.

Market Commentary. Debt Markets. Equity Markets. Change. Sensex (-0.19%) Nifty (-1.05%) INR/USD (Rs) Rs (0. FUND FACT SHEET as of 30 th November 2017 Market Commentary Equity Markets Index Return Debt Markets Change Sensex 33149.35 (-0.19%) Nifty 10226.55 (-1.05%) IGB 6.79 (ONTR Yield %) IGB 6.97 (OFTR Yield

More information

MONTHLY UPDATE MARCH 2015

MONTHLY UPDATE MARCH 2015 MONTHLY UPDATE MARCH 2015 Liquid Fund - Life Group - II as on 31 st March 2015 Fund Objective : To deliver returns linked to Money Market levels with minimal interest rate risk and minimal credit risk

More information

HDFC Ltd As on September 30, 2015 Reliance Gas Transportation Infrastructure Ltd Absolute Return Power Finance Corporation Ltd. 2.

HDFC Ltd As on September 30, 2015 Reliance Gas Transportation Infrastructure Ltd Absolute Return Power Finance Corporation Ltd. 2. September, 2015 THE LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONIES INVESTED IN LINKED.

More information

Equity Market Update. Outlook

Equity Market Update. Outlook October June 20132012 Market Update Indian equity markets witnessed robust gains over the month on the back of a series of positive macro-economic data, the Government s measures to boost the economy,

More information

Equity Market. Nifty % 6000 Sensex % BSE % Dow Jones

Equity Market. Nifty % 6000 Sensex % BSE % Dow Jones Equity Market 22000 Sensex Nifty 6500 Key Indices 31-28-Feb-11 % Change Nifty 5833.75 5333.25 9.38% 20000 6000 Sensex 19445.22 17823.40 9.10% 18000 5500 5000 BSE 100 10095.74 9259.48 9.03% Dow Jones 12319.73

More information

review Market Aviva Group Investor February 2012 EQUITY

review Market Aviva Group Investor February 2012 EQUITY Aviva Group Investor Market review EQUITY Equity markets extended gains in the month of, as huge inflow from foreign institutional investors (FII) and positive data from global economies bolstered investor

More information

Market Commentary. Debt Markets. Equity Markets. Change. Sensex (3.05%) Nifty (3.31%) Nifty Midcap (4.

Market Commentary. Debt Markets. Equity Markets. Change. Sensex (3.05%) Nifty (3.31%) Nifty Midcap (4. FUND FACT SHEET as of 31st March 2017 Market Commentary Equity Markets Index Return Sensex 29620.5 (3.05%) Nifty 9173.75 (3.31%) Nifty Midcap 100 17197.15 (4.35%) Debt Markets Change IGB 6.97 (Yield %)

More information

Equity Market Outlook

Equity Market Outlook Equity Market Outlook 22000 Sensex Nifty 6000 Key Indices 30-31-Mar-12 % Change Nifty 5248.15 5295.55-0.90% 20000 5500 Sensex 17318.81 17404.20-0.49% BSE 100 9083.47 9164.06-0.88% 18000 5000 Dow Jones

More information

How much will your current lifestyle cost at 60?

How much will your current lifestyle cost at 60? (MODERATE PLAN) How much will your current lifestyle cost at 60? DATE OF ALLOTMENT November 01,2011 BENCHMARK CRISIL Hybrid 25+75 - Aggressive Index (WEF From 1st February 2018) FUND SIZE: Rs.856.45 (Rs.

More information

Equity Market Outlook

Equity Market Outlook Equity Market Outlook 22000 Sensex Nifty 6000 Key Indices 31-May-12 30-Apr-12 % Change Nifty 4924.25 5248.15-6.17% 20000 5500 Sensex 16218.53 17318.81-6.35% 18000 5000 BSE 100 4942.13 9083.47-45.59% Dow

More information

Equity Market Update. March Outlook

Equity Market Update. March Outlook March 2014 Market Update Indian equity markets extended their rally during the month and touched fresh closing highs on the back of huge buying of domestic stocks by Foreign Institutional Investors (FIIs)

More information

Unit-Linked Insurance Plans Monthly Fund Update, May 13

Unit-Linked Insurance Plans Monthly Fund Update, May 13 Unit-Linked Insurance Plans Monthly Fund Update, May 13 ECONOMY ECONOMY S.No. Indicators Mar-13 M-o-M Variation 1. 10-year G-Sec India (%) 7.96 7.73-0.23 2. 10-year AAA Corporate Bond (%) 8.86 8.52-0.34

More information

ULIP Fund. Monthly Fund Performance Februrary 2017 Edition

ULIP Fund. Monthly Fund Performance Februrary 2017 Edition ULIP Fund Monthly Fund Performance Februrary 2017 Edition THE LINKED INSURANCE DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT.THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW

More information

Unit-Linked Insurance Plans Monthly Fund Update, July 13

Unit-Linked Insurance Plans Monthly Fund Update, July 13 Unit-Linked Insurance Plans Monthly Fund Update, July 13 ECONOMY ECONOMY S.No. Indicators May-13 M-o-M Variation 1 10-year G-Sec India (%) 7.25 7.46 0.21 2 10-year AAA Corporate Bond (%) 8.15 8.53 0.38

More information

ULIP Fund. Monthly Fund Performance August 2017 Edition

ULIP Fund. Monthly Fund Performance August 2017 Edition ULIP Fund Monthly Fund Performance August 2017 Edition THE LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT.THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW

More information

Market Overview

Market Overview Market Overview- 2011-12 Key Rates Mar-12 Mar-11 Mar-10 Nifty 5,296 5,834 5,249 Sensex 17404 19,445 17,528 Nifty Midcap 50 2,301 2,505 2,693 Annual Inflation rate (Wholesale Price Index) 6.95% 8.98% 10.23%

More information

MONTHLY UPDATE MARCH 2015

MONTHLY UPDATE MARCH 2015 MONTHLY UPDATE MARCH 2015 Highest NAV Guarantee Fund as on 31 st March 2015 Fund Objective : To Generate Returns from Hybrid asset Allocation Portfolio over 10 year Term of Fund SFIN CODE : ULIF04001/09/10HighestNAV101

More information

Equity Market. Nifty % 6000 Sensex % BSE % Dow Jones

Equity Market. Nifty % 6000 Sensex % BSE % Dow Jones Equity Market 22000 Sensex Nifty 6500 Key Indices 31-31-Dec-10 % Change Nifty 5505.90 6134.50-10.25% 20000 6000 Sensex 18327.76 20509.09-10.64% 18000 5500 5000 BSE 100 9569.01 10675.02-10.36% Dow Jones

More information

Unit-Linked Insurance Plans Monthly Fund Update, January 13

Unit-Linked Insurance Plans Monthly Fund Update, January 13 Unit-Linked Insurance Plans Monthly Fund Update, January 13 ECONOMY ECONOMY Indicators Nov-12 Dec-12 M-o-M Variation 10 year GSec (%) 8.18 8.05-0.13 10 year AAA Corporate Bond (%) 9.00 8.93-0.07 5 year

More information

How much will your current lifestyle cost at 60?

How much will your current lifestyle cost at 60? (MODERATE PLAN) How much will your current lifestyle cost at 60? DATE OF ALLOTMENT November 01,2011 BENCHMARK CRISIL Hybrid 25+75 - Aggressive Index (WEF From 1st February 2018) FUND SIZE: Rs.772.12 (Rs.

More information

Investment Report Market Outlook Pension Contact Us. Fund Assure. Investment Report, September Pension Schemes

Investment Report Market Outlook Pension Contact Us. Fund Assure. Investment Report, September Pension Schemes Investment Report Market Outlook Pension Contact Us Fund Assure Investment Report, September 2014 IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Dear Friends,

More information

How much will your current lifestyle cost at 60?

How much will your current lifestyle cost at 60? (PROGRESSIVE PLAN) How much will your current lifestyle cost at 60? DATE OF ALLOTMENT November 01, 2011 BENCHMARK S&P BSE Sensex TRI (WEF From 1st February 2018) FUND SIZE Rs.547.64 (Rs. in Cr.) MONTHLY

More information

How much will your current lifestyle cost at 60?

How much will your current lifestyle cost at 60? (MODERATE PLAN) How much will your current lifestyle cost at 60? DATE OF ALLOTMENT November 01,2011 BENCHMARK CRISIL Hybrid 25+75 - Aggressive Index (WEF From 1st February 2018) FUND SIZE: Rs.733.18 (Rs.

More information

Investment Report Market Outlook Pension Contact Us. Fund Assure. Investment Report, May Pension Schemes

Investment Report Market Outlook Pension Contact Us. Fund Assure. Investment Report, May Pension Schemes Investment Report Market Outlook Pension Contact Us Fund Assure Investment Report, May 2015 IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Dear Friends, The month

More information

investment newsletter july 2011

investment newsletter july 2011 investment newsletter july 2011 Monthly Roundup July 2011 19100 BSE Sensex S&P Nifty 5800 18850 BSE Sensex 18600 18350 5600 S&P Nifty 18100 5400 July 2011-Review Concerns over the sovereign debt of Western

More information

How much will your current lifestyle cost at 60?

How much will your current lifestyle cost at 60? (PROGRESSIVE PLAN) How much will your current lifestyle cost at 60? DATE OF ALLOTMENT November 01, 2011 BENCHMARK S&P BSE Sensex TRI (WEF From 1st February 2018) FUND SIZE Rs.474.87 (Rs. in Cr.) MONTHLY

More information

ULIP Fund. Monthly Fund Performance June 2017 Edition

ULIP Fund. Monthly Fund Performance June 2017 Edition ULIP Fund Monthly Fund Performance June 2017 Edition THE LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT.THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW

More information

GOVERNMENT MARKET % GOI % GOI MONEY MARK % GOI % GOI %

GOVERNMENT MARKET % GOI % GOI MONEY MARK % GOI % GOI % December, 2016 Group Superannuation, Gratuity and Leave Encashment PENSION DEBT FUND Portfolio as on December 31, 2016 ULGF00310/03/2006GROUPDEBTF122 The investment objective of the debt fund is to provide

More information

Investment Report Market Outlook Pension Contact Us. Fund Assure. Investment Report, September Pension Schemes

Investment Report Market Outlook Pension Contact Us. Fund Assure. Investment Report, September Pension Schemes Investment Report Market Outlook Pension Contact Us Fund Assure Investment Report, September 2015 IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Dear Friends,

More information

InveSTAR. Fact Sheet. January Trademark used under licence from respective owners.

InveSTAR. Fact Sheet. January Trademark used under licence from respective owners. InveSTAR January 2019 Fact Sheet MONTHLY REORT JANUARY 2019 From the Desk of Chief Investment Officer OVERVIEW OF MARKET Nifty was flat during the month on the back of easing of trade tensions, benign

More information

ULIP Fund. Quarterly Fund Performance. October 2016 Edition PNTS

ULIP Fund. Quarterly Fund Performance. October 2016 Edition PNTS PNTS ULIP Fund Quarterly Fund Performance October 2016 Edition THE LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT.THE POLICYHOLDER WILL NOT BE ABLE TO

More information

Think Of Us Before You Invest

Think Of Us Before You Invest Think Of Us Before You Invest DATE OF ALLOTMENT March 31,1996 BENCHMARK S&P BSE Sensex FUND SIZE Rs.679.21 (Rs. in Cr.) MONTHLY AVERAGE AUM Rs.668.51 (Rs. in Cr.) EXIT LOAD Nil (Compulsory lock-in period

More information

ULIP Fund. Monthly Fund Performance May 2017 Edition

ULIP Fund. Monthly Fund Performance May 2017 Edition ULIP Fund Monthly Fund Performance May 2017 Edition THE LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT.THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW

More information

Reuters), leaving a trade deficit of $18.08 billion (Source: Reuters).

Reuters), leaving a trade deficit of $18.08 billion (Source: Reuters). Aviva Group Investor Market Review EQUITY After delivering positive returns in August and September, Indian equity markets reversed the trend in October. The key benchmark indices, Sensex and Nifty, declined

More information

Investment Report Market Outlook Pension Contact Us. Fund Assure. Investment Report, August Pension Schemes

Investment Report Market Outlook Pension Contact Us. Fund Assure. Investment Report, August Pension Schemes Investment Report Market Outlook Pension Contact Us Fund Assure Investment Report, August 2013 Fund Assure,Investment Report, August 2013 IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS

More information

8.30% GOI MONEY MARK % Tamil Nadu SDL % GOI % GOI Total BONDS 24%

8.30% GOI MONEY MARK % Tamil Nadu SDL % GOI % GOI Total BONDS 24% JUNE, 2016 PENSION DEBT FUND Portfolio as on June 30, 2016 ULGF00310/03/2006GROUPDEBTF122 The investment objective of the debt fund is to provide progressive capital growth with relatively lower investment

More information

Fund Assure. Investment Report, October 2016 ` `

Fund Assure. Investment Report, October 2016 ` ` Fund Assure Investment Report, October 2016 INVESTMENT REPORT Investment Report, October 2016 Dear Friends, The month of October 2016 saw the benchmark indices S&P BSE Sensex and Nifty 50 gain around 0.3%.

More information

Equity Market Outlook

Equity Market Outlook Equity Market Outlook 22000 Sensex Nifty 6500 Key Indices 31-30-Nov-11 % Change Nifty 4624.30 4832.05-4.30% 20000 6000 Sensex 15454.92 16123.46-4.15% 18000 5500 5000 BSE 100 7927.94 8330.57-4.83% Dow Jones

More information

Investment Report Market Outlook Pension Contact Us. Fund Assure. Investment Report, July Pension Schemes

Investment Report Market Outlook Pension Contact Us. Fund Assure. Investment Report, July Pension Schemes Investment Report Market Outlook Pension Contact Us Fund Assure Investment Report, July 2015 IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Dear Friends, The

More information

INDIA ENHANCED EQUITY FUND

INDIA ENHANCED EQUITY FUND DSP BlackRock INDIA ENHANCED EQUITY FUND Alternative Investment Fund Quarterly Report uly-september 201 ALTERNATIVE INVESTMENT FUND Investment Commentary We maintained a cautious view on the overall market

More information

Review. Market. Aviva Group Investor April 2012 EQUITY

Review. Market. Aviva Group Investor April 2012 EQUITY Aviva Group Investor Market Review EQUITY Key benchmark indices ended marginally lower in April owing to various global and domestic events impacting the markets. The headwinds from overseas markets, mostly

More information

CIO, s Letter Market Outlook Pension Contact Us. Fund Assure. Investment Report, February Pension Schemes

CIO, s Letter Market Outlook Pension Contact Us. Fund Assure. Investment Report, February Pension Schemes CIO, s Letter Market Outlook Pension Contact Us Fund Assure Investment Report, February 2013 From the CIO s Desk Fund Assure, Investment Report, February 2013 Dear Friends, The month of February 2013 saw

More information

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER Ulip Fund Monthly Fund Performance July 2018 Edition THE LINKED INSURANCE DO NOT OFFER ANY LIQUIDITY DURING THE

More information

ULIP Fund. Quarterly Fund Performance. October 2013 Edition

ULIP Fund. Quarterly Fund Performance. October 2013 Edition ULIP Fund Quarterly Fund Performance October 2013 Edition MetInvest Quarterly Fund Performance Newsletter MARKET OVERVIEW FUND PERFORMANCE OUR POPULAR PRODUCTS FUND CATEGORY EQUITY BALANCED DEBT OTHERS

More information

Fund Assure. Investment Report, August 2016 ` `

Fund Assure. Investment Report, August 2016 ` ` Fund Assure Investment Report, August 2016 ` ` ` ` ` ` ` ` ` ` ``` ` ` ` ` ` ` ` ` ` ` INVESTMENT REPORT Investment Report, August 2016 Dear Friends, The month of August 2016 saw the benchmark index S&P

More information

AVIVA INVESTOR PORTFOLIO RETURNS SINCE INCEPTION FUND PERFORMANCE

AVIVA INVESTOR PORTFOLIO RETURNS SINCE INCEPTION FUND PERFORMANCE AVIVA INVESTOR March, 2012 IN ULIP PRODUCTS THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO SHALL BE BORNE BY THE POLICY HOLDER MD SPEAK More MARKET REVIEW (Equity and Fixed Income Outlook) More PORTFOLIO

More information

How much will your current lifestyle cost at 60?

How much will your current lifestyle cost at 60? (PROGRESSIVE PLAN) How much will your current lifestyle cost at 60? DATE OF ALLOTMENT November 01, 2011 BENCHMARK S&P BSE Sensex TRI (WEF From 1st February 2018) FUND SIZE Rs.467.54 (Rs. in Cr.) MONTHLY

More information

Investment Report Market Outlook Pension Contact Us. Fund Assure. Investment Report, January Pension Schemes

Investment Report Market Outlook Pension Contact Us. Fund Assure. Investment Report, January Pension Schemes Investment Report Market Outlook Pension Contact Us Fund Assure Investment Report, January 2015 IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Dear Friends, The

More information

Investment Report Market Outlook Pension Contact Us. Fund Assure. Investment Report, March Pension Schemes

Investment Report Market Outlook Pension Contact Us. Fund Assure. Investment Report, March Pension Schemes Investment Report Market Outlook Pension Contact Us Fund Assure Investment Report, March 2015 IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Dear Friends, The

More information

ULIP Fund. Monthly Fund Performance. December 2017 Edition

ULIP Fund. Monthly Fund Performance. December 2017 Edition ULIP Fund Monthly Fund Performance December 2017 Edition THE LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT.THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW

More information

How much will your current lifestyle cost at 60?

How much will your current lifestyle cost at 60? (MODERATE PLAN) How much will your current lifestyle cost at 60? DATE OF ALLOTMENT November 01,2011 BENCHMARK CRISIL Balanced Fund - Aggressive Index FUND SIZE Rs.370.53 (Rs. in Cr.) MONTHLY AVERAGE AUM

More information

Participate in the Digital Transformation of India

Participate in the Digital Transformation of India Participate in the Digital Transformation of India DATE OF ALLOTMENT December 28, 2015 BENCHMARK S&P BSE IT TRI FUND SIZE Rs.111.56 (Rs. in Cr.) MONTHLY AVERAGE AUM Rs.90.94 (Rs. in Cr.) EXIT LOAD: 0.25%

More information

UNIT LINKED PRODUCTS FROM SBI LIFE INSURANCE CO. LTD. 2008

UNIT LINKED PRODUCTS FROM SBI LIFE INSURANCE CO. LTD. 2008 Monthly Investment Update: Volume 4, Issue 6 ULIP UNIT LINKED PRODUCTS FROM SBI LIFE INSURANCE CO. LTD. 2008 SBI Life has a variety of unit linked products with different funds which gives you flexibility

More information

Gratuity Fund Performance

Gratuity Fund Performance Gratuity Fund Performance Monthly Fund Update, December 11 IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER ECONOMY ECONOMY Indicators Nov 2011 Dec 2011 M-o-M Variation

More information

Riskometer. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Riskometer. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. 1 Product Labeling This product is suitable for investors who are seeking*: Regular income and capital appreciation. To generate income by investing in arbitrage opportunities in the cash and derivatives

More information

SBI Magnum Income Fund

SBI Magnum Income Fund SBI Magnum Income Fund This product is suitable for investors who are seeking: Investment in debt and money- market securities Regular income for medium term Moderate risk SBI Magnum Income Fund Disclaimer:

More information

IN ULIP PRODUCTS THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO SHALL BE BORNE BY THE POLICY HOLDER

IN ULIP PRODUCTS THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO SHALL BE BORNE BY THE POLICY HOLDER IN ULIP PRODUCTS THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO SHALL BE BORNE BY THE POLICY HOLDER Aviva Group Investor Disclaimer/Disclosure Aviva Life Insurance Company India Limited Aviva Towers,Sector

More information

MetInvest FUND CATEGORY. Quarterly Fund Performance Newsletter MARKET OVERVIEW FUND PERFORMANCE. Gratuity Debt Fund. Gratuity Balanced Fund

MetInvest FUND CATEGORY. Quarterly Fund Performance Newsletter MARKET OVERVIEW FUND PERFORMANCE. Gratuity Debt Fund. Gratuity Balanced Fund MetInvest Quarterly Fund Performance Newsletter FUND PERFORMANCE MARKET OVERVIEW FUND CATEGORY Gratuity Balanced Fund Gratuity Debt Fund Fund Performance Medium Risk Gratuity Balanced Benchmark (BM) 30%

More information

CANARA ROBECO MEDIUM TERM OPPORTUNITIES FUND FEBRUARY 2018

CANARA ROBECO MEDIUM TERM OPPORTUNITIES FUND FEBRUARY 2018 CANARA ROBECO MEDIUM TERM OPPORTUNITIES FUND FEBRUARY 2018 This product is suitable for investors who are seeking* Income/Capital appreciation over medium to long-term Investment in Debt and Money Market

More information

CONTENTS. ANNUAL FUND UPDATE AS ON 31st March 2016 INDIVIDUAL FUNDS. Click on the Fund Name for details GROUP FUNDS

CONTENTS. ANNUAL FUND UPDATE AS ON 31st March 2016 INDIVIDUAL FUNDS. Click on the Fund Name for details GROUP FUNDS CONTENTS S Click on the Fund Name for details MARKET OUTLOOK 2 KOTAK GUARANTEED GROWTH FUND (ULIF-013-27/06/03-GRTGWTFND-107) 25 FUND PERFORMANCE OF ULIP FUNDS 5 KOTAK GUARANTEED BALANCED FUND (ULIF-010-27/06/03-GRTBALFND-107)

More information

Participate in one of the key drivers of Growth & Development in India

Participate in one of the key drivers of Growth & Development in India Participate in one of the key drivers of Growth & Development in India DATE OF ALLOTMENT December 28, 2015 BENCHMARK Nifty Financial Services TRI (WEF From 1st February 2018) FUND SIZE Rs.261.73 (Rs. in

More information

Key highlights. RBI surprised markets by not hiking rates; however changed the stance to calibrated tightening. 10 year G-Sec Yield(%)

Key highlights. RBI surprised markets by not hiking rates; however changed the stance to calibrated tightening. 10 year G-Sec Yield(%) Key highlights RBI surprised markets by not hiking rates; however changed the stance to calibrated tightening Repo Rate maintained by RBI at 6.50% Liquidity squeezed in money market Regulators come to

More information

UNIT LINKED PRODUCTS FROM SBI LIFE INSURANCE CO. LTD. 2008

UNIT LINKED PRODUCTS FROM SBI LIFE INSURANCE CO. LTD. 2008 Monthly Investment Update: Volume 4, Issue 1 ULIP UNIT LINKED PRODUCTS FROM SBI LIFE INSURANCE CO. LTD. 2008 SBI Life has a variety of unit linked products with different funds which gives you flexibility

More information

ULIP Fund. Monthly Fund Performance September 2017 Edition

ULIP Fund. Monthly Fund Performance September 2017 Edition ULIP Fund Monthly Fund Performance September 2017 Edition THE LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT.THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW

More information

IN ULIP PRODUCTS THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO SHALL BE BORNE BY THE POLICY HOLDER

IN ULIP PRODUCTS THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO SHALL BE BORNE BY THE POLICY HOLDER IN ULIP PRODUCTS THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO SHALL BE BORNE BY THE POLICY HOLDER Aviva Group Investor Disclaimer/Disclosure Aviva Life Insurance Company India Limited Aviva Towers,Sector

More information

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Product Labeling This product is suitable for investors who are seeking*: Long term capital appreciation and current income Investment in equity and equity related instruments as well as fixed income securities

More information

investment newsletter June 2016

investment newsletter June 2016 investment newsletter June 2016 31-May-16 6-Jun-16 12-Jun-16 18-Jun-16 24-Jun-16 30-Jun-16 Rs. in Crores 31-May-16 6-Jun-16 12-Jun-16 18-Jun-16 24-Jun-16 30-Jun-16 S&P BSE Sensex Nifty 50 Monthly Roundup

More information

Fixed Income Update October 2015

Fixed Income Update October 2015 Month Overview Average Liquidity Support by RBI Rs -5,527 Cr. Includes: LAF, MSF, SLF & Term Repo Bank Credit Growth Money Market Bank Deposit Growth 9.6% 11.6% Change in basis points Tenure CD Change

More information

investment newsletter may 2013

investment newsletter may 2013 investment newsletter may 2013 1-May-13 3-May-13 7-May-13 30-Apr-13 9-May-13 2-May-13 5-May-13 15-May-13 17-May-13 19-May-13 21-May-13 23-May-13 25-May-13 27-May-13 29-May-13 31-May-13 Rs. in Crore s 8-May-13

More information

Gratuity Fund. Annual Fund Performance. April 2015 Edition PNTS

Gratuity Fund. Annual Fund Performance. April 2015 Edition PNTS PNTS Gratuity Fund Annual Fund Performance April 2015 Edition THE LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT.THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW

More information

CIO, s Letter Market Outlook Pension Contact Us. Fund Assure. Investment Report, July Pension Schemes

CIO, s Letter Market Outlook Pension Contact Us. Fund Assure. Investment Report, July Pension Schemes CIO, s Letter Market Outlook Pension Contact Us Fund Assure Investment Report, July 2013 From the CIO s Desk Fund Assure,Investment Report, July 2013 IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO

More information

CONTENTS. page no. MARKET REVIEW HDFC Equity Fund... 5 HDFC Top 200 Fund... 6

CONTENTS. page no. MARKET REVIEW HDFC Equity Fund... 5 HDFC Top 200 Fund... 6 March 2017 CONTENTS page no. MARKET REVIEW... 3 HDFC Growth Fund... 4 HDFC Equity Fund... 5 HDFC Top 200 Fund... 6 HDFC Capital Builder Fund... 7 HDFC Core & Satellite Fund... 8 HDFC Premier Multi-Cap

More information

Axis Corporate Debt Fund. (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds)

Axis Corporate Debt Fund. (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds) Axis Corporate Debt Fund (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds) Macro economic indicators are showing signs of stability Indicator Current* Outlook Inflation

More information

SBI DYNAMIC BOND FUND

SBI DYNAMIC BOND FUND SBI DYNAMIC BOND FUND This product is suitable for investors who are seeking: Investment in debt and money- market securities Regular income for medium term Moderate risk SBI Dynamic Bond Fund Disclaimer:

More information

Unit-Linked Insurance Plans Monthly Fund Update, May 11

Unit-Linked Insurance Plans Monthly Fund Update, May 11 Unit-Linked Insurance Plans Monthly Fund Update, May 11 ECONOMY ECONOMY Indicators Source: RBI WSS & Bloomberg Fixed Income Apr 2011 May 2011 10-year G-Sec India (%) 8.13 8.41 0.28 M-o-M Variation 10 year

More information

ULIP Fund. Monthly Fund Performance January 2018 Edition

ULIP Fund. Monthly Fund Performance January 2018 Edition ULIP Fund Monthly Fund Performance January 2018 Edition THE LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT.THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW

More information