INVESTMENT Z INSIGHT

Transcription

1 INVESTMENT Z INSIGHT Monthly Investment Update June 2016 Fund Performance Equity - Large Cap Funds Equity - Mid Cap Funds Index Linked Funds Blue Chip Equity Funds Pure Equity Funds Asset Allocation Funds Max Gain Funds Debt Funds Cash Funds Guaranteed Bond Funds Growth Plus Funds Shield Plus Funds Assured Return Funds Bajaj Allianz Life Insurance Company Limited

2 Monthly Investment Update June 2016 INVESTMENT Z INSIGHT CIO Comments Sampath Reddy, CFA CIO, Bajaj Allianz Life Insurance Macro-economic developments Britain in a referendum decided to leave European Union (EU) with 51.9 Leave votes against 48.1 R e m a i n v o t e s ; w h i c h w a s i n contrast to market expectations and brought turmoil to global financial markets. RBI Governor Raghuram Rajan announced in June not to opt for 2nd term as RBI Governor when his current term ends on September 4, The Government is expected to announce Rajan s successor by mid-july. Liquidity in the system has eased from deficit of Rs 302,226 crore in end of March to deficit of Rs 4,331 crore in end of June, on account of government spending and RBI infusing liquidity in the system by conducting OMO purchases. Fiscal deficit for April - May 2016 was 2.29 lakh crore viz of 5.34 lakh crore of the budgeted fiscal deficit for FY17 (against 37.5 during the same period last year). May CPI inflation rose to 5.76 YoY as against 5.47 in April; primarily on account of rise in food inflation to 7.55 YoY in May as against 6.40 in April. IIP contracted by 0.8 in April as against growth by 0.3 in March, primarily due to Manufacturing sector contracting by 3.1 in April. 7th Pay Commission recommendations have been accepted by the Government, which would result in payout of ~Rs 85,000 crore in FY17 as part of Pay, Pension and arrears payout to government employees. The amount excludes allowance payout which is to be determined by a committee formed by the Government within 4 months. US Fed maintained status quo in its June FOMC meeting. In light of the recent Brexit referendum, US Fed is expected to slow the pace of future hikes. B r e n t c r u d e c l o s e d f l a t i n J u n e t o c l o s e a t USD49.68/barrel; versus USD49.69/barrel in May. INR weakened in June to close at INR67.53/USD; versus INR67.26/USD in May, down 0.4 during the month. Equity market developments and Outlook The Nifty continued to post gains for the 4th consecutive month in June, rising by 1.6 in the month. The index closed in the positive zone in 13 of the 22 trading sessions that were held during the month. The Nifty has risen by a sharp 18.6 during the last four months, recouping the losses that were seen during Apr 15-Feb 16. The broader markets outperformed the benchmark index; the CNX 500 rose by 2.6 in June. Smallcap stocks posted spectacular gains; the CNX smallcap index rose by a sharp 11.4 in the month. Midcap stocks also outperformed the benchmark index, with the CNX midcap index rising by 3.9 in the month. FIIs continued to buy into Indian equities for the 4th consecutive month in June. Their purchases exceeded sales by US$771mn in the month. DIIs, on the other hand, sold out of Indian equities in June. Their equity sales exceeded purchases by US$13mn in the month. DIIs have sold out of Indian equities in 3 of the last 4 months. The S&P BSE metals and realty indices were the top performers in June, rising by 7.2 and 7.9, respectively. The FMCG, energy and banking indices rose by 5.1, 3.5 and 2.1, respectively. The S&P BSE IT index (-3.3) was the worst performer. The performance of world equity markets was mixed in June. US indices posted gains, while Europe and Japan closed lower. Fixed Income market developments and Outlook 10 year G-Sec yields closed lower at 7.45 in May v/s 7.47 in May, primarily on account of expectations of global central banks to provide liquidity through accommodative policies subsequent to Brexit and expectations of continued monetary easing by RBI in view of appointment of new RBI Governor. RBI conducted OMO purchase of Rs 80,000 crore in April June, to ease liquidity in line with RBI s view to move from a liquidity deficit position to a position closer to neutrality. We believe that CPI inflation readings would continue to be benign on expectations of above normal rainfall this monsoon as per IMD forecast, with RBI maintaining CPI inflation target for at 5. We expect the RBI to continue its accommodative stance, with another rate cut expected in CY Key factors to watch out for will be - any sustained uptick in commodity prices (especially crude), fallout of Brexit, US elections, constitution of monetary policy committee, appointment for new RBI Governor and impact of the 7th Pay commission on inflation and fiscal targets. In view of the improving macro-economic dynamics, policyholders would be well placed to benefit from the economic revival and further rate cuts going forward, if they continue to remain invested in the India growth story.

3 Fund Performance FUND PERFORMANCE ASSET PROFILE Asset Class Asset Allocation Fund Cash Funds Debt Funds Equity Funds Large Cap Equity Mid Cap Index Funds Ethical Funds Money Market Instruments Non Convertible Debentures Govt Securities Others Grand Absolute Return Return Type FUND NAMES SFIN Code 1 Month 3 month 6 month 1 Year 2 Year 3 year 5 Year since Inception Date Inception Asset Allocation Asset Allocation Fund ULIF04528/09/07ASSETALLOC Oct-07 Asset Allocation Asset Allocation Fund II ULIF07205/12/13ASSETALL NA NA Mar-14 Asset Allocation Asset Allocation Pension Fund ULIF04628/01/08ASALLOCPEN Jan-08 Crisil Balanced Fund Index Cash Fund Cash Fund ULIF00215/01/04CASHFUNDLI Jan-04 Cash Fund Cash Plus Fund ULIF01023/07/04CASHPLUSFU Jul-04 Cash Fund Cash Plus Pension ULIF01618/11/04CASHPLUPEN Nov-04 Cash Fund Liquid Fund ULIF02510/07/06LIQUIDFUND Jul-06 Cash Fund Liquid Pension Fund ULIF04124/07/06LIQPENFUND Jul-06 Crisil Composite Liquid Index DEBT FUNDS Debt Fund ULIF00415/01/04DEBTFUNDLI Jan-04 DEBT FUNDS Debt Plus Fund ULIF00923/07/04DEBTPLUSFU Jul-04 DEBT FUNDS Debt Plus Pension ULIF01518/11/04DEBTPLUPEN Nov-04 DEBT FUNDS Premier Debt Fund ULIF02317/12/05PRERDEBTFU Dec-05 DEBT FUNDS Life Long Gain ULIF01123/07/04LIFELOGAIN Jul-04 DEBT FUNDS Bond Fund ULIF02610/07/06BONDFUNDLI Jul-06 DEBT FUNDS Premier Bond Fund ULIF02821/07/06PREMIRBOND Jul-06 DEBT FUNDS Bond Pension Fund ULIF03524/07/06BONDPENFUN Jul-06 DEBT FUNDS Guaranteed Bond Fund ULIF06322/09/11GTEBONDFND Dec-11 Crisil Composite Bond Index LARGE CAP Equity Gain Fund ULIF00523/07/04EQGAINFUND Jul-04 LARGE CAP Equity Plus Fund ULIF00723/07/04EQPLUSFUND Jul-04 LARGE CAP Equity Plus Pension ULIF01218/11/04EQUPLUSPEN Nov-04 LARGE CAP Premier Equity Gain ULIF02217/12/05PREREQGAIN Dec-05 LARGE CAP Equity Growth Fund ULIF02924/07/06EQGROWFUND Jul-06 LARGE CAP Equity Growth Fund II ULIF05106/01/10EQTYGROW Jan-10 LARGE CAP Premier Equity Growth Fund ULIF03824/07/06PREMEQGROW Jul-06 LARGE CAP Equity Growth Pension Fund ULIF03624/07/06EQTYGROPEN Jul-06 LARGE CAP Growth Plus Fund III ULIF05926/10/10GROWPLUS Nov-10 Cnx Nse Nifty Index MID CAP Equity Midcap Fund ULIF01709/03/05EQUMIDFUND Mar-05 MID CAP Equity Midcap Plus ULIF01809/03/05EQUMIDPLUS Mar-05 MID CAP Equity Midcap Pension ULIF01909/03/05EQUMIDCPEN Mar-05 MID CAP Accelerator Mid Cap Fund ULIF03124/07/06ACCEMIDCAP Jul-06 MID CAP Accelerator Mid Cap Fund II ULIF05206/01/10ACCMIDCA Jan-10 MID CAP Accelerator Midcap Pension Fund ULIF03324/07/06ACCEMIDPEN Jul-06 Nifty Mid Cap 50 Index INDEX Equity Fund ULIF00315/01/04EQUITYFUND Jan-04 INDEX Equity Index Fund ULIF00623/07/04EQINDEFUND Jul-04 INDEX Equity Index Pension ULIF01318/11/04EQINDEXPEN Nov-04 INDEX Premier Equity Fund ULIF02117/12/05PRMREQFUND Dec-05 INDEX Equity Index Fund II ULIF03024/07/06EQTYINDX Jul-06 INDEX Premier Equity Index Fund ULIF03924/07/06PREREQINDX Jul-06 INDEX Equity Index Pension Fund II ULIF03724/07/06EQINDPEN Jul-06 INDEX Blue Chip Equity Fund ULIF06026/10/10BLUECHIPEQ Nov-10 Cnx Nse Nifty Index Ethical Fund Pure Eq Fund ULIF02017/12/05PUREEQFUND Dec-05 Ethical Fund Pure Stock Fund ULIF02721/07/06PURESTKFUN Jul-06 Ethical Fund Pure Stock Pension Fund ULIF04717/04/08PURESTKPEN Apr-08 Cnx Nse Nifty Index

4 Equity-Large Cap Funds To provide capital appreciation through investment in select equity stocks those have the potential for capital appreciation. Company Name Very High Money Market Insruments SHARES H D F C Bank Ltd. Infosys Ltd Equity: Bank deposits and money market instruments 0-40 Industry Profile I T C Ltd. Yes Bank Ltd. Tata Motors Ltd. Larsen & Toubro Ltd. Hindalco Industries Ltd. I C I C I Bank Ltd. Axis Bank Ltd. Hero Motocorp Limited Indusind Bank Ltd Banks & Financial Technology Auto & Ancillaries FMCG Oil&Gas Engg, Industrial & Cap Goods Metals & Mining Chemicals Pharmaceuticals Telecommunications Infrastructure Media Real Estate Transportation & logistics H C L Technologies Ltd. Reliance Industries Ltd. Mphasis Ltd. Wipro Ltd. Nestle India Ltd. Pfizer Ltd. Tech Mahindra Ltd. Idea Cellular Ltd Akzo Nobel India Ltd Mahindra & Mahindra Ltd Godrej Consumer Products Ltd M R F Ltd National Aluminium Co. Ltd. Hindustan Unilever Ltd Gujarat State Petronet Ltd Money Market Instruments Gayatri Projects Ltd. Other Shares Grand FUND NAMES 1 month 3 month 6 month 1 year 2 year 3 year since Inception Equity Gain Fund Equity Plus Fund Equity Plus Pension Premier Equity Gain Equity Growth Fund Equity Growth Fund II Premier Equity Growth Fund Equity Growth Pension Fund Cnx Nse Nifty Index

5 Equity-Mid Cap Funds To achieve capital appreciation by investing in a diversified basket of mid cap stocks and large cap stocks. Company Name Very High Money Market Insruments SHARES Mphasis Ltd Indraprastha Gas Ltd M R F Ltd. Yes Bank Ltd Equity: of which not less than 50 will be in mid cap stocks - Bank deposits and money market instruments 0-40 K S B Pumps Ltd. Hindalco Industries Ltd Fiem Industries Limited 2.66 Indian Oil Corpn. Ltd Industry Profile H C L Technologies Ltd. National Aluminium Co. Ltd Banks & Financial Engg, Industrial & Cap Goods Oil&Gas Auto & Ancillaries Technology Metals & Mining Pharmaceuticals Telecommunications Media FMCG Chemicals Cement Sugar Textiles Hotel Sundram Fasteners Ltd. Idea Cellular Ltd. Gujarat State Petronet Ltd. B A S F India Ltd. Aventis Pharma Ltd. Ujjivan Financial Services Limited Oil & Natural Gas Corpn. Ltd. Indusind Bank Ltd Ingersoll-Rand (India) Ltd Divis Laboratories Ltd Cholamandalam Investment & Finance Co. Ltd H T Media Ltd Suprajit Engineering Ltd. J S W Steel Ltd Procter & Gamble Hygiene & Health Care Ltd Hitachi Home & Life Solutions (India) Ltd Money Market Instruments 7 Castrol India Ltd. Torrent Pharmaceuticals Ltd. Other Shares Grand FUND NAMES 1 month 3 month 6 month 1 year 2 year 3 year since Inception Equity Midcap Fund Equity Midcap Plus Equity Midcap Pension Accelerator Mid Cap Fund Accelerator Mid Cap Fund Ii Accelerator Midcap Pension Fund Nifty Mid Cap 50 Index

6 Index Linked Funds To provide capital appreciation through investment in equities forming part of National Stock Exchange NIFTY Company Name Equity ETF Money Market Instruments High SHARES 98.1 Infosys Ltd I T C Ltd. H D F C Bank Ltd Equity: Bank deposits and money market instruments: 0-40 Reliance Industries Ltd Tata Consultancy Services Ltd Industry Profile I C I C I Bank Ltd. Tata Motors Ltd Larsen & Toubro Ltd. Sun Pharmaceutical Inds. Ltd. Hindustan Unilever Ltd. Mahindra & Mahindra Ltd. Wipro Ltd. Maruti Suzuki India Ltd. Dr. Reddys Laboratories Ltd Bharti Airtel Ltd Axis Bank Ltd Asian Paints Ltd Cipla Ltd Other Shares Grand Money Market Instruments 0.14 Equity ETF 1.77 FUND NAMES 1 month 3 month 6 month 1 year 2 year 3 year since Inception Equity Fund Equity Index Fund Equity Index Pension Premier Equity Fund Equity Index Fund II Premier Equity Index Fund Growth Plus Fund III Equity Index Pension Fund II Cnx Nse Nifty Index

7 Pure Equity Funds To specifically exclude companies dealing in gambling, contests, liquor, entertainment (films, TV etc.), hotels, banks and financial institutions. Company Name SHARES Infosys Ltd Very High Nestle India Ltd K S B Pumps Ltd Reliance Industries Ltd. Wipro Ltd Equity: Government treasury bills (Non-interest bearing): 0-40 Indraprastha Gas Ltd. Hitachi Home & Life Solutions (India) Ltd Pfizer Ltd Industry Profile Bayer Cropscience Ltd. Larsen & Toubro Ltd Tech Mahindra Ltd Technology Auto & Ancillaries Engg, Industrial & Cap Goods Oil&Gas FMCG Pharmaceuticals Metals & Mining Chemicals Banks & Financial Infrastructure Telecommunications Textiles Cement Media Transportation & logistics Hindustan Unilever Ltd. Oil & Natural Gas Corpn. Ltd. Maruti Suzuki India Ltd. Natco Pharma Ltd. Hindalco Industries Ltd. Godrej Consumer Products Ltd. Kansai Nerolac Paints Ltd. Credit Analysis & Research Ltd. Ashoka Buildcon Ltd Idea Cellular Ltd Tata Consultancy Services Ltd. Suprajit Engineering Ltd Dcm Shriram Limited 1.63 Colgate-Palmolive (India) Ltd Money Market Instruments Hero Motocorp Limited H C L Technologies Ltd. Aurobindo Pharma Ltd Other Shares Money Market Instruments Grand FUND NAMES 1 month 3 month 6 month 1 year 2 year 3 year since Inception Pure Eq Fund Pure Stock Fund Pure Stock Pension Fund Cnx Nse Nifty Index

8 Blue Chip Equity Funds To provide capital appreciation through investment in equities forming part of the National Stock Exchange NIFTY Company Name High Equtiy ETF SHARES Equity: Not less than 60 - Bank deposits and money market instruments: Not more than 40 Infosys Ltd. I T C Ltd H D F C Bank Ltd Industry Profile Reliance Industries Ltd. Tata Consultancy Services Ltd. I C I C I Bank Ltd. Tata Motors Ltd Larsen & Toubro Ltd Sun Pharmaceutical Inds. Ltd Hindustan Unilever Ltd Mahindra & Mahindra Ltd Equity ETF 1.78 Wipro Ltd Maruti Suzuki India Ltd other Grand FUND NAMES 1 month 3 month 6 month 1 year 2 year 3 year since Inception Blue Chip Equity Fund Cnx Nse Nifty Index

9 Asset Allocation Funds To realize a level of total income, including current income and capital appreciation, which is consistent with reasonable investment risk. The investment strategy will involve a flexible policy for allocating assets among equities, bonds and cash Company Name GOVERNMENT SECURITIES High Money Market Instrument Non Convertible Debentures L I C Housing Finance Ltd. Power Finance Corpn. Ltd Equity Debt, Bank deposits & Fixed Income Securities Money market instruments 0-50 Ministry Of Railways Bajaj Finance Ltd. Hdb Financial Services Limited Kotak Mahindra Prime Ltd Industry Profile I O T Utkal Energy Services Ltd. N T P C Ltd. I C I C I Bank Ltd Banks & Financial Technology FMCG Oil&Gas Auto & Ancillaries Pharmaceuticals Engg, Industrial & Chemicals Metals & Mining Transportation & Telecommunications Infrastructure Media Real Estate Nabha Power Ltd. Other Corporate Bonds SHARES H D F C Bank Ltd. Reliance Industries Ltd. Infosys Ltd. I T C Ltd. I C I C I Bank Ltd. Yes Bank Ltd. Tata Motors Ltd. Larsen & Toubro Ltd Bayer Cropscience Ltd Axis Bank Ltd B A S F India Ltd. Mphasis Ltd Govt Securities Money Market Instruments Non Convertible Debentures Hindustan Unilever Ltd. Hindalco Industries Ltd. Aventis Pharma Ltd. Nestle India Ltd. Pfizer Ltd. Indusind Bank Ltd. Tata Consultancy Services Ltd. Idea Cellular Ltd. National Aluminium Co. Ltd. Mahindra & Mahindra Ltd. Kalpataru Power Transmission Ltd Gujarat Pipavav Port Ltd Voltas Ltd Other Shares 9.87 Grand FUND NAMES 1 month 3 month 6 month 1 year 2 year 3 year since Inception Asset Allocation Fund Asset Allocation Pension Fund Asset Allocation Fund II NA Crisil Balanced Fund Index

10 Max Gain Funds To provide a participation in the upside of the equity market while ensuring highest unit price recorded during the policy term at maturity. The Investment strategy will include dynamic asset allocation between equities, debt and cash. It will also ensure that the gains of the fund are locked-in during the term to achieve the payment of highest unit price recorded during the policy term at maturity. Company Name High SHARES 51.9 Infosys Ltd. H D F C Bank Ltd Equity & Equity Derivatives* : Debt and Debt Derivatives: Money market instruments, liquid Mutual Funds: * as and when allowed by IRDAI I T C Ltd. Reliance Industries Ltd. Tata Consultancy Services Ltd. Tata Motors Ltd Industry Profile Larsen & Toubro Ltd Axis Bank Ltd Mahindra & Mahindra Ltd. Oil & Natural Gas Corpn. Ltd. Hindustan Unilever Ltd. Sun Pharmaceutical Inds. Ltd. I C I C I Bank Ltd Maruti Suzuki India Ltd Bharti Airtel Ltd Asian Paints Ltd Hero Motocorp Limited 0.89 H C L Technologies Ltd. Other Shares Non Convertible Debentures Govt Securities Non Convertible Debentures Grand Govt Securities FUND NAMES 1 month 3 month 6 month 1 year 2 year 3 year since Inception Max Gain Fund I Max Gain Fund II

11 Debt Funds To provide accumulation of income through investment in high quality fixed income Securities. Company Name Govt Securities Money Market Instruments Moderate Non Convertible Debentures L I C Housing Finance Ltd. Ministry Of Railways Debt Instruments, FDs & Money Market Instruments 100 Power Finance Corpn. Ltd Shriram Transport Finance Co. Ltd Bajaj Finance Ltd Axis Bank Ltd Average Maturity & Portfolio Ytm FUND CLASSIFICATION Portfolio Avg Duration YTM (in years) Nabha Power Ltd. Petronet L N G Ltd. Power Grid Corpn. Of India Ltd DEBT FUNDS Leasing & Financial Services Ltd M R F Ltd Other Corporate Bonds 9.90 FIXED DEPOSITS 0.02 Grand Rating Profile Maturity Profile Govt Securities Money Market Instruments A 3.02 AA 9.53 < 6 MONTHS MONTHS YEARS Non Convertible Debentures SOV AAA > 6 YEARS YEARS YEARS FUND NAMES 1 Month 3 month 6 month 1 Year 2 year 3 year since Inception Debt Fund Debt Plus Fund DEBT PLUS PENSION Premier Debt Fund Life Long Gain Bond Fund Premier Bond Fund Bond Pension Fund Crisil Composite Bond Index

12 Cash Funds To have a fund that protects invested capital through investments in liquid money market and shortterm instruments. Company Name FIXED DEPOSITS Bandhan Bank Ltd Low I D B I Bank Ltd. 5.5 Saraswat Co-Operative Bank Ltd. 3.0 Cosmos Co-Operative Bank Limited Money market instruments and short term debt 100 Punjab National Bank Indian Overseas Bank State Bank Of Bikaner & Jaipur State Bank Of Hyderabad 0.8 Other 0.6 Average Maturity & Portfolio Ytm FUND CLASSIFICATION Portfolio Avg Duration YTM (in years) CASH FUNDS Money Market Insruments Au Financiers (India) Ltd Sundaram B N P Paribas Home Finance Ltd. I C I C I Bank Ltd. Indusind Bank Ltd. Bank Of Maharashtra The Ratnakar Bank Ltd 6.3 Development Credit Bank Ltd. 6.3 Kotak Mahindra Investment Ltd. 6.2 Other Money Market Instruments 20.0 Grand Rating Profile Maturity Profile Fixed Deposits Fixed Deposits MONTHS Money Market Instruments A MORE THAN 6 MONTHS MONTHS FUND NAMES 1 Month 3 month 6 month 1 Year 2 year 3 year since Inception Cash Fund Cash Plus Fund CASH PLUS PENSION Liquid Fund Liquid Pension Fund Crisil Composite Liquid Index Fund Manager Comments The funds continued to invest in highly liquid short term papers as per the mandates.

13 Growth Plus Funds To protect the capital as well as achieve capital appreciation over the term of 10 years. The above objective does not intend to offer any explicit investment guarantee to the policyholder. The fund strategy would be to invest in highly-rated secured debentures, corporate bonds, exchange traded funds, equities and money market instruments Company Name Non Convertible Debentures Rural Electrification Corpn. Ltd High Tata Sons Ltd Power Finance Corpn. Ltd Indian Railway Finance Corpn. Ltd. Other NCD Debentures, Corporate Bonds, Exchange Traded Funds and Equities: Mutual Funds and Money Market Instruments: Security Equtiy ETF EQUITY SHARES Infosys Ltd I T C Ltd H D F C Bank Ltd Reliance Industries Ltd Tata Consultancy Services Ltd I C I C I Bank Ltd Tata Motors Ltd Larsen & Toubro Ltd Sun Pharmaceutical Inds. Ltd Hindustan Unilever Ltd Mahindra & Mahindra Ltd Wipro Ltd Maruti Suzuki India Ltd Dr. Reddys Laboratories Ltd Bharti Airtel Ltd Axis Bank Ltd Asian Paints Ltd State Bank Of India 0.54 Cipla Ltd Other 8.83 Grand Rating Profile Equity ETF AA Non Convertible Debentures AAA FUND NAMES 1 month 3 month 6 month 1 year 2 year 3 year since Inception Growth Plus Fund I Growth Plus Fund II

14 Shield Plus Funds High To provide capital appreciation, subject to minimum guaranteed unit price at Maturity. The fund strategy would be to achieve potential upside by investing adequately in debt securities, equities, mutual funds and highly rated debentures. The Unit Price at maturity (in 10 years time) is guaranteed to be a minimum of 170 of unit price as on the date of allocation of units under a policy - Debt securities: Debentures: Mutual Funds, Equities and Money market instruments: 0-50 Company Name H C L Technologies Ltd M R F Ltd Oil & Natural Gas Corpn. Ltd Infosys Ltd Sun Pharmaceutical Inds. Ltd H D F C Bank Ltd State Bank Of India 0.78 Sun T V Network Ltd Wipro Ltd Hindustan Unilever Ltd Idea Cellular Ltd I C I C I Bank Ltd Other 1.47 Non Convertible Debentures Indian Railway Finance Corpn. Ltd Power Finance Corpn. Ltd Ministry Of Railways Rural Electrification Corpn. Ltd Tata Sons Ltd L I C Housing Finance Ltd Idfc Bank Limited 4.20 Others 5.21 GOVT SECURITIES Grand Rating Profile Govt Securities 8.49 SOV 9.64 AA Non Convertible Debentures AAA FUND NAMES 1 month 3 month 6 month 1 year 2 year 3 year since Inception Shield Plus Fund I Shield Plus Fund II Shield Plus Fund III Shield Plus Fund IV

15 Guaranteed Bond Funds The investment objective of this fund is to provide capital appreciation by investing in a suitable mix of debt and debt related securities. Company Name Medium - Debt and Debt related securities: Mutual Funds and Money market instruments: 0 to 40 Non Convertible Debentures Rural Electrification Corpn. Ltd Indian Railway Finance Corpn. Ltd. 6.7 Power Finance Corpn. Ltd. 6.5 Idfc Bank Limited 6.4 Power Grid Corpn. Of India Ltd. 5.7 Other Corporate Bonds 9.3 FIXED DEPOSITS State Bank Of Travancore 8.0 I D B I Bank Ltd. 7.1 State Bank Of Bikaner & Jaipur 5.3 Other FD 6.6 GOVT SECURITIES(GSE) Money Market Instruments Grand Rating Profile Govt Securities Non Convertible Debentures SOV AAA FUND NAMES 1 month 3 month 6 month 1 year 2 year 3 year since Inception Absolute Guaranteed Bond Fund Crisil Composite Bond Index * are Absolute

16 Assured Return Funds To provide capital appreciation by investing in a suitable mix of debt and equities. Company Name Non Convertible Debentures Rural Electrification Corpn. Ltd Equity Debt Mutual Funds and Money market instruments: 0-40 Ministry Of Railways 7.89 Power Finance Corpn. Ltd Export-Import Bank Of India 5.27 Tata Sons Ltd Other NCD GOVT SECURITIES(GSE) Grand Rating Profile Govt Securities Non Convertible Debentures AAA SOV FUND NAMES 1 month 3 month 6 month 1 year 2 year 3 year since Inception Assured return fund

17 IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER Safeguard your family s dreams with security, stability and growth Bajaj Allianz Life Principal Gain save tax ^ Guaranteed Builder Portfolio Strategy ^(Conditions Apply) Presenting Bajaj Allianz Life Principal Gain regular and limited premium payment endowment insurance plan. The key advantages of the plan are as mentioned below:- # - a guaranteed, non-participating, unit linked, individual, Triple benefit of principal protection, potential of high returns and life cover. Guaranteed Loyalty Additions (GLA) payable at maturity*. Multiple policy term and premium payment term options to choose from. Ease of payment with Yearly and Monthly payment frequency. Sum Assured of 10 times of the chosen annual premium. Option to take maturity benefit in installments (Settlement Option), spread over a maximum period of 5 years. Professionally managed funds. * For policy term up to 10 years 4 of annual premium, For policy term more than 10 years 15 of ^ annual premium. GLA are subject to payment of minimum 5 years premium. Premium, net of premium allocation charge, will be allocated to 2 specific Funds. Do read the sales brochure on #. (Conditions Apply) /BajajAllianzLifeInsurance BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS IRDAI clarifies to public that - IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number. Bb C BEST CORPORATE BRANDS 2016 Risk Factors and Warning Statements: IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz Life Principal Gain are the names of the company and the product respectively and do not in any way indicate the quality of the product and its future prospects or returns. In this policy, the investment risk in investment portfolio is borne by the policyholder. Unlike traditional products, Bajaj Allianz Life Principal Gain is a Unit-Linked Endowment Insurance Plan (ULIP). Investment in ULIPs is subject to risks associated with the capital markets. The policy holder is solely responsible for his/her decisions while investing in ULIPs. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on ) carefully before concluding a sale. All charges/ taxes, as applicable, will be borne by the Policyholder. Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility. Bajaj Allianz Life Principal Gain - A Guaranteed Maturity Unit-Linked Insurance Plan. Regd. Office Address: G.E Plaza, Airport Road, Yerawada, Pune Reg. No.: 116. Mail us : customercare@bajajallianz.co.in Call on : Toll free no Fax: (020) BALIC CIN : U66010PN2001PLC015959, Bajaj Allianz Life Principal Gain - UIN : 116L137V01. The Logo of Bajaj Allianz Life Insurance Co. Ltd. is provided on the basis of license given by Bajaj Finserv Ltd. to use its Bajaj Logo and Allianz SE to use its Allianz logo. By submitting your contact details or responding to Bajaj Allianz Life Insurance Co. Ltd., with an SMS or Missed Call, you authorize Bajaj Allianz Life Insurance Co. Ltd. and/or its authorized Service Providers to verify the above information and/or contact you to assist you with the purchase and/or servicing. BJAZ-O-1734 /5-Mar-16