INVESTMENT Z INSIGHT

Transcription

1 INVESTMENT Z INSIGHT Monthly Investment Update November 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 November 2016 INVESTMENT Z INSIGHT CIO Comments Sampath Reddy, CFA CIO, Bajaj Allianz Life Insurance Macro-economic developments On November 8, 2016, the Government of India announced demonetization drive to withdraw the legal tender of Rs 500 and Rs 1,000 notes, which account for ~86 of currency in circulation viz. ~Rs 15 trillion as a move towards curbing black money. Currency in circulation reduced by ~ Rs 6 trillion from Rs trillion in October, 2016 to Rs trillion on November 25, 2016 on account of government s move and restrictions in cash deposits and withdrawals in banks. The move resulted in banks being flush with funds to the tune of Rs 8.45 trillion during November 8 27, 2016, resulting in surge in liquidity in the system. In order to absorb a part of the excess liquidity (Rs 3.24 trillion), RBI imposed 100 incremental CRR requirement on deposits collected between September 16 November 11, 2016 as a temporary measure. Fiscal deficit for April - October 2016 was 4.23 lakh crore viz of 5.34 lakh crore of the budgeted fiscal deficit for FY17 (against 74.0 during the same period last year). October CPI inflation moderated to 4.20 YoY as against 4.39 in September; primarily on account of moderation in food inflation to 3.32 YoY in October as against 3.96 in September. Q2FY17 growth in terms of Gross Added (GVA) slowed down marginally to 7.1 as against 7.3 in Q1FY17; with agricultural, industry and services sector growth at 3.3, 5.2 and 8.9 respectively in Q2FY17 on y-o-y basis. IIP grew by 0.7 in September as against contraction by 0.7 in August, primarily on account of growth in manufacturing sector (0.9). Markets are pricing in a rate hike of 0.25 by US Fed in its December FOMC meeting; with the victory of Donald Trump - the Republican candidate running for US President, strong labor market data and steady increase in inflation towards US Fed s 2 target. Brent crude rose by 4.49 in November to close at USD50.47/barrel; versus USD48.30/barrel in October. INR depreciated by 2.41 in November to close at INR68.39/USD; versus INR66.78/USD in October. Equity market developments and Outlook The Nifty tanked by 4.7 in Nov 16, after rising by 0.3 in the preceding month. The benchmark index had risen by 25.3 during Mar-Oct 16, however, the Government s demonetization drive halted the uptrend that was seen across the last eight months. The broader market also tanked in Nov 16; the CNX 500 fell by 5.6 in the month. Midcap and smallcap took a beating, with the CNX midcap and smallcap indices falling by 8.8 and 11.3, respectively, in the month. Most of the sectoral indices on the NSE posted losses in Nov 16. The CNX realty and auto indices were the worst performers, falling by a sharp 20.5 and 9.3, respectively, in the month. These were followed by the FMCG index and the bank Nifty, which fell by 4.6. The CNX metals index rose 4.4 during the month. FIIs pulled out money from Indian equities for the second consecutive month in Nov 16. Their equity sales exceeded purchases by US$2.7bn in the month. Mutual funds continued to pump in money into Indian equities for the 4th straight month in November. Their equity purchases exceeded sales by US$2bn in the month. US equities posted gains in Nov 16; the S&P500 rose by 3.4 in the month. The performance of European and Asian markets was mixed in Nov 16. In Asia, China, Japan and Singapore posted gains, while Indonesia, Malaysia, Philippines and South Korea posted losses in the month. Fixed Income market developments and Outlook 10 year G-Sec yields closed lower at 6.25 in November v/s 6.79 in October, primarily on account of surplus liquidity due to government s demonetization move and expectations of further rate cuts by RBI. With the surge in inflow into the banking system, RBI is expected to take temporary measures to absorb the surplus liquidity through temporary CRR hikes, MSS (Market Stabilization schemes) etc. We believe that CPI inflation readings would continue to be benign with the expectations of lower food prices and subdued demand on account of demonetization move, with RBI maintaining CPI inflation target for at 5. We expect the government s demonetization move to have opened up further room for rate cuts by RBI in order to support growth which would get adversely impacted due to cash crunch in the economy and low inflation on account of subdued demand. We expect RBI to cut policy rate by 0.25 in December, 2016 and continue with its accommodative stance. Key factors to watch out for will be impact of demonetization move on growth and inflation, pace of US Fed rate hikes, any sustained uptick in commodity prices (especially crude) GST framework, and impact of 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 cut 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 Equity ETF 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 Equity ETF Money Market Insturments SHARES Equity: Bank deposits and money market instruments 0-40 Infosys Ltd I T C Ltd Yes Bank Ltd H D F C Bank Ltd Hindalco Industries Ltd Industry Profile Tata Motors Ltd Reliance Industries Ltd Banks & Financial Auto & Ancillaries Technology FMCG Oil&Gas Metals & Mining Pharmaceuticals Chemicals Media Infrastructure Engg, Industrial & Cap Goods Telecommunications Transportation & logistics I C I C I Bank Ltd Kotak Mahindra Bank Ltd Indusind Bank Ltd Hero Motocorp Limited 2.71 Housing Development Finance Corpn. Ltd Pfizer Ltd Maruti Suzuki India Ltd Mphasis Ltd Wipro Ltd Nestle India Ltd H C L Technologies Ltd Akzo Nobel India Ltd Indraprastha Gas Ltd M R F Ltd Money Market Instruments 5.50 National Aluminium Co. Ltd Sun T V Network Ltd Sun Pharmaceutical Inds. Ltd Equity ETF 5.85 Bharat Petroleum Corpn. Ltd Mahindra & Mahindra Ltd A I A Engineering Ltd Asian Paints 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 Equity ETF SHARES Yes Bank Ltd Equity: of which not less than 50 will be in mid cap stocks - Bank deposits and money market instruments 0-40 Indraprastha Gas Ltd M R F Ltd Mphasis Ltd Indian Oil Corpn. Ltd Sundram Fasteners Ltd Industry Profile National Aluminium Co. Ltd Sun T V Network Ltd Auto & Ancillaries Oil&Gas Banks & Financial Engg, Industrial & Cap Goods Metals & Mining Pharmaceuticals Technology Media FMCG Chemicals Cement Hotel Telecommunications J S W Steel Ltd Cholamandalam Investment & Finance Co. Ltd Glenmark Pharmaceuticals Ltd Hindalco Industries Ltd Gujarat State Petronet Ltd Castrol India Ltd Kotak Mahindra Bank Ltd Fiem Industries Limited 2.14 Ujjivan Financial Services Limited 2.00 Aventis Pharma Ltd B A S F India Ltd Hitachi Home & Life Solutions (India) Ltd Divis Laboratories Ltd K S B Pumps Ltd Torrent Pharmaceuticals Ltd Procter & Gamble Hygiene & Health Care Ltd Equity ETF 1 Money Market Instruments 3 Suprajit Engineering Ltd Talwalkars Better Fitness Limited 1.50 Mahanagar Gas Ltd 1.48 H T Media 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 High - Equity: Bank deposits and money market instruments: 0-40 Industry Profile Money Market Instruments SHARES 98.8 I T C Ltd H D F C Bank Ltd Infosys Ltd Reliance Industries Ltd Housing Development Finance Corpn. Ltd I C I C I Bank Ltd Tata Motors Ltd Larsen & Toubro Ltd Tata Consultancy Services Ltd Hindustan Unilever Ltd Sun Pharmaceutical Inds. Ltd Maruti Suzuki India Ltd Mahindra & Mahindra Ltd State Bank Of India 2.16 Oil & Natural Gas Corpn. Ltd Dr. Reddys Laboratories Ltd Cipla Ltd Bharti Airtel Ltd Asian Paints Ltd Other Shares Grand Money Market Instruments 1.20 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 Very High SHARES Reliance Industries Ltd Nestle India Ltd Infosys Ltd Equity: Government treasury bills (Non-interest bearing): 0-40 Indraprastha Gas Ltd Tata Motors Ltd Hindalco Industries Ltd Bayer Cropscience Ltd Industry Profile Hitachi Home & Life Solutions (India) Ltd K S B Pumps Ltd Pfizer Ltd Auto & Ancillaries Oil&Gas Technology FMCG Pharmaceuticals Engg, Industrial & Cap Goods Metals & Mining Chemicals OTHERS Infrastructure Textiles Media Cement Transportation & logistics Telecommunications Maruti Suzuki India Ltd Credit Analysis & Research Ltd Wipro Ltd Hero Motocorp Limited 2.24 H C L Technologies Ltd Natco Pharma Ltd Hindustan Unilever Ltd Tech Mahindra Ltd Oil & Natural Gas Corpn. Ltd J S W Steel Ltd Larsen & Toubro Ltd Godrej Consumer Products Ltd Money Market Instruments Ashoka Buildcon Ltd Suprajit Engineering Ltd Dcm Shriram Limited 1.48 Mahindra & Mahindra Ltd Glenmark Pharmaceuticals Ltd Kansai Nerolac Paints 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 SHARES I T C Ltd Equity: Not less than 60 - Bank deposits and money market instruments: Not more than 40 H D F C Bank Ltd Infosys Ltd Reliance Industries Ltd Housing Development Finance Corpn. Ltd Industry Profile Tata Motors Ltd Tata Consultancy Services Ltd I C I C I Bank Ltd Larsen & Toubro Ltd Hindustan Unilever Ltd Sun Pharmaceutical Inds. Ltd Maruti Suzuki India Ltd Mahindra & Mahindra Ltd State Bank Of India 2.16 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 High - Equity Debt, Bank deposits & Fixed Income Securities Money market instruments 0-50 Industry Profile Banks & Financial Technology FMCG Metals & Mining Auto & Ancillaries Pharmaceuticals Oil&Gas Engg, Industrial & Chemicals Telecommunications Transportation & Infrastructure Real Estate Media Govt Securities Non Convertible Debentures GOVERNMENT SECURITIES Non Convertible Debentures Housing Development Finance Corpn. Ltd. L I C Housing Finance Ltd. Ministry Of Railways Bajaj Finance Ltd. P N B Housing Finance Ltd. Hdb Financial Services Limited Kotak Mahindra Prime Ltd. Shriram Transport Finance Co. Ltd. Power Finance Corpn. Ltd. I O T Utkal Energy Services Ltd. Indiabulls Housing Finance Ltd. Other Corporate Bonds SHARES H D F C Bank Ltd. I T C Ltd. Reliance Industries Ltd. Yes Bank Ltd. Infosys Ltd. I C I C I Bank Ltd. Hindalco Industries Ltd. Tata Motors Ltd. Housing Development Finance Corpn. Ltd. Mphasis Ltd. J S W Steel Ltd. Nestle India Ltd. National Aluminium Co. Ltd. Pfizer Ltd. Indusind Bank Ltd. Aventis Pharma Ltd. Wipro Ltd. Hindustan Unilever Ltd. Mahindra & Mahindra Ltd. Maruti Suzuki India Ltd. Ingersoll-Rand (India) Ltd. Larsen & Toubro Ltd. Bayer Cropscience Ltd. H C L Technologies Ltd. Cholamandalam Investment & Finance Co. Ltd. Kalpataru Power Transmission Ltd. Other Shares 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 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 SHARES 39.1 High H D F C Bank Ltd I T C Ltd Infosys Ltd. Reliance Industries Ltd Equity & Equity Derivatives* : Debt and Debt Derivatives: Money market instruments, liquid Mutual Funds: * as and when allowed by IRDAI Housing Development Finance Corpn. Ltd. Tata Motors Ltd Industry Profile Tata Consultancy Services Ltd. Larsen & Toubro Ltd Oil & Natural Gas Corpn. Ltd. Axis Bank Ltd. Maruti Suzuki India Ltd. Hindustan Unilever Ltd. Sun Pharmaceutical Inds. Ltd. I C I C I Bank Ltd Mahindra & Mahindra Ltd Hero Motocorp Limited 0.68 Bharti Airtel Ltd Asian Paints Ltd. H C L Technologies Ltd Other Shares Non Convertible Debentures. Money Market Instruments Govt Securities Non Convertible Debentures Grand Money Market Instruments 0.10 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 Moderate - Debt Instruments, FDs & Money Market Instruments 100 Govt Securities Money Market Instruments Non Convertible Debentures Housing Development Finance Corpn. Ltd Ministry Of Railways 3.65 L I C Housing Finance Ltd Bajaj Finance Ltd Axis Bank Ltd Average Maturity & Portfolio Ytm FUND CLASSIFICATION Portfolio Avg Duration YTM (in years) DEBT FUNDS Yes Bank Ltd Petronet L N G Ltd M R F Ltd Shriram Transport Finance Co. Ltd Ongc Mangalore Petrochemicals Ltd 1.16 Leasing & Financial Services Ltd Rural Electrification Corpn. Ltd Other Corporate Bonds 8.51 FIXED DEPOSITS 0.20 Grand Rating Profile Maturity Profile Govt Securities Money Market Instruments 0.27 Non Convertible Debentures A SOV AA AAA < 6 MONTHS 0.23 > 6 YEARS MONTHS YEARS YEARS YEARS 5.79 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 Low FIXED DEPOSITS Bandhan Bank Ltd 7.5 I D B I Bank Ltd Money market instruments and short term debt 100 Saraswat Co-Operative Bank Ltd. 3.0 Cosmos Co-Operative Bank Limited 2.7 Money Market Insruments Au Financiers (India) Ltd 9.9 Average Maturity & Portfolio Ytm FUND CLASSIFICATION Portfolio Avg Duration YTM (in years) CASH FUNDS I C I C I Bank Ltd. 7.7 The Ratnakar Bank Ltd 6.6 Kotak Mahindra Investment Ltd. 6.4 Corporation Bank 6.4 Indiabulls Housing Finance Ltd. 6.3 Fullerton India Credit Co. Ltd 6.2 Development Credit Bank Ltd. 6.2 Other Money Market Instruments 25.5 Grand Rating Profile Maturity Profile Money Market Instruments Fixed Deposits A Fixed Deposits MORE THAN 6 MONTHS 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 High - Debentures, Corporate Bonds, Exchange Traded Funds and Equities: Mutual Funds and Money Market Instruments: 0-20 Non Convertible Debentures Housing Development Finance Corpn. Ltd Power Finance Corpn. Ltd Indian Railway Finance Corpn. Ltd Tata Sons Ltd L I C Housing Finance Ltd Other NCD Security EQUITY SHARES I T C Ltd H D F C Bank Ltd Infosys Ltd Reliance Industries Ltd Housing Development Finance Corpn. Ltd Tata Motors Ltd Tata Consultancy Services Ltd I C I C I Bank Ltd Larsen & Toubro Ltd Hindustan Unilever Ltd Sun Pharmaceutical Inds. Ltd Maruti Suzuki India Ltd Mahindra & Mahindra Ltd State Bank Of India 0.72 Oil & Natural Gas Corpn. Ltd Dr. Reddys Laboratories Ltd Cipla Ltd Bharti Airtel Ltd Wipro Ltd Asian Paints Ltd Other 8.94 Grand Rating Profile AA 2.67 A 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 Reliance Industries Ltd Sun Pharmaceutical Inds. Ltd Infosys Ltd H D F C Bank Ltd Indian Oil Corpn. Ltd Housing Development Finance Corpn. Ltd State Bank Of India 0.48 Sun T V Network Ltd Development Credit Bank Ltd Bata India Ltd Castrol India Ltd Other 1.33 Non Convertible Debentures Indian Railway Finance Corpn. Ltd Housing Development Finance Corpn. Ltd Rural Electrification Corpn. Ltd Ministry Of Railways 7.10 Tata Sons Ltd L I C Housing Finance Ltd Idfc Bank Limited 4.29 Power Grid Corpn. Of India Ltd Others 7.92 GOVT SECURITIES Grand Rating Profile Govt Securities 9.36 Non Convertible Debentures SOV AA 0.98 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. 9.6 Housing Development Finance Corpn. Ltd. 6.8 Indian Railway Finance Corpn. Ltd. 6.7 Power Finance Corpn. Ltd. 6.6 Idfc Bank Limited 6.5 Power Grid Corpn. Of India Ltd. 5.7 Other Corporate Bonds 9.5 FIXED DEPOSITS State Bank Of Travancore 7.6 I D B I Bank Ltd. 6.8 State Bank Of Bikaner & Jaipur 5.1 Other FD 6.3 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 Housing Development Finance Corpn. Ltd Ministry Of Railways 8.45 Power Finance Corpn. Ltd Export-Import Bank Of India 5.53 Tata Sons Ltd Other NCD GOVT SECURITIES(GSE) 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 Assured return fund

17 Financial freedom with an assured nd 2 income Save Tax # Presenting Bajaj Allianz Life Income Assure a non-linked, participating, limited premium payment, monthly income endowment plan. The key advantages of this plan are: Guaranteed*Monthly income payable every month starting from the end of premium payment term Choice of 2 life cover variants: Income & Assure Choice of 4 Policy Terms to suit your financial goals 1 Option to enhance your coverage with rider benefits Lower premium rates for female lives Offers bonuses to enhance your saving, as applicable from time to time # Tax Benefits under Sec. 80C and Sec. 10 (10D) are available under the Income Tax Act *The Guaranteed Monthly Income has to be selected at the inception of the policy and is fixed throughout the term of the policy. Payment of Guaranteed Monthly Income is 1 subject to policy terms and conditions Please refer to respective product/ rider sales literature or visit Company website or consult your Insurance Consultant for more details and eligibility conditions. Bajaj Allianz Life Insurance Co. Ltd. Bb C BEST CORPORATE BRANDS 2016 For details SMS LIFE to or Call toll free no /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. Risk Factors and Warning Statements: Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz Life Income Assure 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. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on ) carefully before concluding a sale. Bajaj Allianz Life Income Assure A Guaranteed Monthly Income Life Insurance Plan. Regd. Office Address: G.E Plaza, Airport Road, Yerawada, Pune , Reg. No.: 116. BALIC CIN : U66010PN2001PLC015959, Call us on toll free No.: , Mail us : customercare@bajajallianz.co.in, Fax No: , Bajaj Allianz Life Income Assure (UIN: 116N139V01 ), 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. 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. BJAZ-O-1868 /22-Sep-16