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 Type of Fund Name of Funds Name of Fund Manager Co-Fund Manager 1 Select Equity Fund 2 Future Select Equity Fund 3 Super Select Equity Fund 4 Super Select Equity Pension Fund 5 Equity Fund Mr. Rajeev Tewari 6 Whole Life Cap Equity Fund 7 Equity Fund Infrastructure Fund 8 Pension Equity Fund 9 Large Cap Equity Fund 10 Top 200 Fund 11 India Consumption Fund 12 Future Equity Pension Fund Mr. Nitin Bansal 13 Top 50 Fund 14 Multi Cap Fund 15 Liquid Fund 16 Income Fund 17 Short Term Fixed Income Fund 18 Whole Life Short Term Fixed Income Fund 19 Whole Life Income Fund 20 Future Income Pension Fund 21 Bond Fund 22 Apex Pension 20 Investment Fund 23 Discontinued Policy Fund 24 Debt Fund Apex Supreme Investment Fund III Mr. Pankaj Agarwal 25 Policyholders Unclaimed Fund 26 Apex Investment Fund I 27 Apex Pension 10 Investment Fund 28 Apex Pension 15 Investment Fund 29 Apex Pension Investment Fund 30 Apex Plus Investment Fund 31 Apex Supreme Investment Fund 32 Apex Supreme Investment Fund II 33 Pension Short Term Fixed Income Fund 34 Pension Income Fund 35 Pension Liquid Fund 36 Pension Bond Fund 37 Capital Guarantee Fund 38 Future Capital Guarantee Pension Fund 39 Hybrid Fund 110% Capital Guarantee Fund Mr. Nitin Bansal, Mr. Pankaj Agarwal Mr. Anirban Ray 40 Super 110% Capital Guarantee Fund 1
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 Type of Fund Name of Funds Name of Fund Manager Co-Fund Manager 41 Aggressive Growth Fund 42 Stable Growth Fund 43 Growth Maximiser Fund 44 Growth Enabler Fund 45 Future Growth Pension Fund 46 Future Balanced Pension Fund Mr. Nitin Bansal, Mr. Pankaj Agarwal Mr. Anirban Ray 47 Aggressive Flexi Fund 48 Stable Flexi Fund 49 Growth Fund 50 Balanced Fund 51 Whole Life Aggressive Growth Fund 52 Whole Life Stable Growth Fund Mr. Nitin Bansal, Mr. Pankaj Agarwal 53 Pension Balanced Fund 54 Hybrid Fund Pension Maxima Fund Mr. Rajeev Tewari, Mr. Pankaj Agarwal 55 Pension Growth Fund 56 Apex Return Lock-In-Fund 57 Apex Return Lock-In-Fund II 58 Apex Plus Return Lock-In-Fund 59 Apex Pension Return Lock-In Fund 60 Apex Pension 10 Return Lock-In Fund 61 Apex Pension 15 Return Lock-In Fund 62 Apex Pension 20 Return Lock-In Fund Mr. Rajeev Tewari, Mr. Pankaj Agarwal Mr. Nimesh Mistry 63 Apex Plus Return Lock-In-Fund II 64 Apex Pension Return Lock-In Fund II 65 Apex Pension 10 Return Lock-In Fund II 66 Apex Pension 15 Return Lock-In Fund II 67 Apex Pension 20 Return Lock-In Fund II 68 Apex Supreme Return Lock-In-Fund 69 Apex Supreme Return Lock-In Fund II 70 Apex Supreme Return Lock-In Fund III Name of Fund Manager / Co-Fund Manager No. of Funds Managed Mr. Rajeev Tewari 26 Mr. Nitin Bansal 22 Mr. Nimesh Mistry 15 Mr. Pankaj Agarwal 56 Mr. Anirban Ray 14 2
Content Investment Report- Pension_Funds Equity Fund Short Term Fixed Income Fund Income Fund Liquid Fund Bond Fund Balanced Fund 3
EQUITY FUND ULGF 001 02/03/04 E1 110 Investment Objective: The primary investment objective of the fund is to generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity linked securities. NAV as on 28 Feb, 19: `70.6144 Benchmark: S&P BSE Sensex - 100% Corpus as on 28 Feb, 19: `94.66 Crs. Fund Manager: Mr. Rajeev Tewari Size Value Blend Growth Large Small Fund Assure, Investment Report, February 2019 % Of NAV % Of NAV Equity 96.02 Sun Pharmaceuticals Industries Ltd. 1.90 Reliance Industries Ltd. 9.10 Kotak Mahindra Bank Ltd. 1.79 HDFC Bank Ltd. 8.78 Pidilite Industries Ltd. 1.77 ITC Ltd. 7.58 Maruti Suzuki India Ltd. 1.68 Infosys Technologies Ltd. 7.14 Other Equity 25.10 Larsen and Toubro Ltd. 5.46 3.98 Tata Consultancy Services Ltd. 5.45 Total 100.00 Axis Bank Ltd. 4.56 Reliance ETF Bank BeES 4.34 ICICI Bank Ltd. 4.11 Asian Paints Ltd. 2.82 Hindustan Unilever Ltd. 2.43 Tata Steel Ltd. 1.99 Modified Duration 0.01 96.02% 3.98% Equity Period Date NAV S&P BSE NAV INDEX Sensex Change Change Last 1 Month 31-Jan-19 70.8476 36256.69-0.33% -1.07% Last 3 Months 30-Nov-18 71.0711 36194.30-0.64% -0.90% Last 6 Months 31-Aug-18 76.2911 38645.07-7.44% -7.19% Last 1 Year 28-Feb-18 68.0941 34184.04 3.70% 4.92% Last 2 Years 28-Feb-17 58.1822 28743.32 10.17% 11.71% Last 3 Years 29-Feb-16 45.0396 23002.00 16.17% 15.96% Last 4 Years 28-Feb-15 55.6139 29361.50 6.15% 5.13% Last 5 Years 28-Feb-14 40.1037 21120.12 11.98% 11.17% Since Inception 29-Mar-04 10.0000 5571.37 13.99% 13.29% as per F&U Actual Equity 0% - 100% 96% Money Market & * 0% - 40% 4% Financial service activities, except insurance and pension funding Computer programming, consultancy and related activities 13.07% 28.36% Hybrid Fund Equity 90.89 Debt - 3.77 Manufacture of tobacco products Manufacture of chemicals and chemical products Civil engineering Manufacture of motor vehicles, trailers and semi-trailers 9.46% 7.58% 7.02% 5.46% 4.40% Manufacture of other non-metallic mineral products Manufacture of pharmaceuticals,medicinal chemical and botanical products Manufacture of Basic Metals 3.82% 3.58% 3.34% 13.89% 0% 5% 10% 15% 20% 25% 30% 4
SHORT TERM FIXED INCOME FUND ULGF 004 01/07/06 S1 110 Fund Assure, Investment Report, February 2019 Investment Objective: Short Term Fixed Income Fund is a unit linked fund devised with the objective of generating stable returns by investing in fixed income securities having shorter maturity periods. Under normal circumstances, the average maturity of the fund may be in the range of 1-3 years. NAV as on 28 Feb, 19: `23.8947 Benchmark: CRISIL Short Term Bond Fund Index - 100% Corpus as on 28 Feb, 19: `8.83 Crs. Fund Manager: Mr. Pankaj Agarwal Credit Quality High Low Interest Rate Sensitivity High Low % Of NAV % Of NAV Corporate Bonds 50.49 7.90% Bajaj Finance Ltd. 27-Sep-19 2.26 8.02% NHB 31-Jan-22(put/call dt 28.02.2020) 7.94 Government Securities 42.50 8.10% NTPC Ltd. 27-May-21 7.92 8.13% GOI 16-Oct-21 12.76 8.80% Tata Capital Financial Services Ltd. 27-Sep-21 5.86 0.00% GOI 02-Jan-20 9.46 8.50% NABARD 31-Jan-22 P/C 31 Jan 2020 5.69 7.00% GOI 21-Jan-21 9.12 7.72% IRFC Ltd. 07-Jun-19 5.66 0.00% GOI 02-Jul-19 6.01 6.78% Reliance Industries Ltd 16-Sep-20 5.55 0.00% GOI 02-Jul-20 3.96 7.5850% LIC Housing Finance Ltd. 11-Jun-20 4.50 8.79% GOI 08-N+ov-21 1.19 10.10% PGC Ltd. 12-Jun-19 2.84 7.01 8.25% Bajaj Finance Ltd. 19-Aug-19 2.27 Total 100.00 Modified Duration 42.50% 7.01% 50.49% 47.78% 52.22% Corporate Bonds AAA & Equivalent 1.24 Government Securities Period Date NAV Crisil Short Term NAV INDEX Bond Fund Index Change Change Last 1 Month 31-Jan-19 23.7322 3228.39 0.68% 0.58% Last 3 Months 30-Nov-18 23.3660 3178.06 2.26% 2.17% Last 6 Months 31-Aug-18 22.9447 3116.35 4.14% 4.20% Last 1 Year 28-Feb-18 22.3605 3020.39 6.86% 7.51% Last 2 Years 28-Feb-17 21.2155 2858.39 6.13% 6.58% Last 3 Years 29-Feb-16 19.5645 2609.02 6.89% 7.57% Last 4 Years 28-Feb-15 18.2274 2412.61 7.00% 7.71% Last 5 Years 28-Feb-14 16.6371 2179.98 7.51% 8.30% Since Inception 03-Jul-06 10.0000 1242.33 7.12% 7.88% as per F&U Actual Equity 0% - Debt, Money Market & * 0% - 100% 100% Maturity Profile 120.00% Central Government Securities 42.50% 80.00% 64.50% Financial service activities, except insurance and pension funding 34.17% 60.00% 40.00% 20.00% 35.50% Electricity, gas, steam and air conditioning supply 10.77% 0.00% Less than 1 Year 1-3 Years 5.55% Hybrid Fund Equity - Debt 8.21 0.62 7.01% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 5
INCOME FUND ULGF 002 02/03/04 I1 110 Fund Assure, Investment Report, February 2019 Investment Objective: The primary investment objective of the fund is to generate income through investing in a range of debt and money market instruments of various maturities with a view to maximizing the optimal balance between yield, safety and liquidity. The fund will have no investments in equity or equity linked instruments at any point in time. NAV as on 28 Feb, 19: `28.8410 Benchmark: CRISIL Composite Bond Fund Index - 100% Corpus as on 28 Feb, 19: `275.21 Crs. Fund Manager: Mr. Pankaj Agarwal Credit Quality High Low Interest Rate Sensitivity High Low % Of NAV % Of NAV Corporate Bonds 40.80 Government Securities 39.51 9.05% Reliance Industries Ltd. 17-Oct-28 7.86 7.17% GOI 08-Jan-28 9.96 7.50% Bajaj Finance Ltd. 10-Aug-20 6.45 6.35% GOI 23-Dec-24 6.90 2.00% Tata Steel Ltd. 23-Apr-22 5.75 7.72% GOI 26-Oct-55 5.82 8.85% Yes Bank Ltd. 24-Feb-25 3.27 7.95% GOI 28-Aug-32 4.52 8.54% REC Ltd. 15-Nov-28 (GOI S) 3.21 7.37% GOI 16-Apr-23 3.28 8.45% IRFC Ltd. 04-Dec-28 3.16 6.68% GOI 17-Sep-31 2.89 8.40% IRFC Ltd. 08-Jan-29 3.15 0.00% GOI 02-Jan-24 2.47 8.22% NABARD 13-Dec-28 (GOI S) 3.14 0.00% GOI 02-Jul-24 2.37 10.40% Reliance Ports & Terminals Ltd. 18-Jul-21 2.85 8.13% GOI 22-Jun-45 1.31 7.74% LIC Housing Finance Ltd. 05-Jun-20 Option I 1.95 19.69 Total 100.00 Modified Duration 39.51% 40.80% 19.69% 30.98% 8.80% 3.11% 57.11% Corporate Bonds 4.39 Government Securities AAA & Equivalent AA A1+ Period Date NAV Crisil Composite NAV INDEX Bond Fund Index Change Change Last 1 Month 31-Jan-19 28.7787 3109.34 0.22% 0.02% Last 3 Months 30-Nov-18 28.2748 3054.71 2.00% 1.81% Last 6 Months 31-Aug-18 27.3062 2971.26 5.62% 4.67% Last 1 Year 28-Feb-18 26.5343 2903.04 8.69% 7.13% Last 2 Years 28-Feb-17 25.3943 2784.66 6.57% 5.68% Last 3 Years 29-Feb-16 22.5488 2493.93 8.55% 7.64% Last 4 Years 28-Feb-15 21.4874 2330.28 7.64% 7.48% Last 5 Years 28-Feb-14 18.3951 2016.87 9.41% 9.05% Since Inception 02-Mar-04 10.0000 1193.20 7.32% 6.59% as per F&U Actual Equity 0% - Debt, Money Market & * 0% - 100% 100% Maturity Profile Central Government Securities 48.87% 120.00% Financial service activities, except insurance and pension funding 24.25% 80.00% 60.00% 40.00% 20.00% 19.69% 11.26% 24.04% 45.01% Manufacture of Basic Metals 7.86% 5.75% 0.00% Less than 1 Year 1-3 Years 3-6 Years 6 Years and Above Infrastructure - Long Term Bonds - BFSI 3.27% Warehousing and support activities for transportation 2.85% Hybrid Fund Equity - Debt 221.02 54.19 7.14% 0% 10% 20% 30% 40% 50% 60% 6
LIQUID FUND ULGF 003 02/03/04 L1 110 Investment Objective: The primary investment objective of the fund is to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made primarily in money market and debt securities. The fund will have no investments in equity or equity linked instruments at any point in time. NAV as on 28 Feb, 19: `26.3673 Benchmark: CRISIL Liquid Fund Index - 100% Corpus as on 28 Feb, 19: `12.71 Crs. Fund Manager: Mr. Pankaj Agarwal Credit Quality High Low Interest Rate Sensitivity High Low Fund Assure, Investment Report, February 2019 % Of NAV 100.00 Total 100.00 Modified Duration 0.19 Period Date NAV Crisil Liquid NAV INDEX Fund Index Change Change Last 1 Month 31-Jan-19 26.2507 3051.75 0.44% 0.53% Last 3 Months 30-Nov-18 25.9863 3013.06 1.47% 1.82% Last 6 Months 31-Aug-18 25.6077 2957.19 2.97% 3.75% Last 1 Year 28-Feb-18 24.9218 2849.10 5.80% 7.68% Last 2 Years 28-Feb-17 23.6416 2670.70 5.61% 7.18% Last 3 Years 29-Feb-16 22.2566 2486.70 5.81% 7.25% Last 4 Years 28-Feb-15 20.7472 2301.84 6.18% 7.45% Last 5 Years 28-Feb-14 19.1414 2108.58 6.62% 7.79% Since Inception 25-May-04 10.0000 1113.63 6.78% 7.10% 24.23% as per F&U Actual A1+ Equity 0% - Money Market & * 0% - 100% 100% 75.77% Maturity Profile Central Government Securities 62.81% 120.00% 80.00% Financial service activities, except insurance and pension funding 14.77% 60.00% 40.00% 20.00% 7.08% 0.00% Less than 1 Year Electricity, gas, steam and air conditioning supply 2.35% Hybrid Fund Equity - Debt - 12.71 12.99% 0% 10% 20% 30% 40% 50% 60% 70% 7
BOND FUND Fund Assure, Investment Report, February 2019 ULGF 005 17/08/07 BO 110 Investment Objective: The primary investment objective of the fund is to generate income through investing in a range of debt and money market instruments of various maturities with a view to maximizing the optimal balance between yield, safety and liquidity. The fund will have no investments in equity or equity linked instruments at any point in time. NAV as on 28 Feb, 19: `24.5961 Benchmark: CRISIL Composite Bond Fund Index - 100% Corpus as on 28 Feb, 19: `71.98 Crs. Fund Manager: Mr. Pankaj Agarwal Credit Quality High Low Interest Rate Sensitivity High Low % Of NAV % Of NAV Corporate Bonds 40.60 Government Securities 39.22 9.05% Reliance Industries Ltd. 17-Oct-28 7.69 7.17% GOI 08-Jan-28 9.91 2.00% Tata Steel Ltd. 23-Apr-22 6.37 6.35% GOI 23-Dec-24 6.62 7.50% Bajaj Finance Ltd. 10-Aug-20 6.34 7.72% GOI 26-Oct-55 5.80 8.85% Yes Bank Ltd. 24-Feb-25 3.27 7.95% GOI 28-Aug-32 4.49 8.40% IRFC Ltd. 08-Jan-29 3.15 7.37% GOI 16-Apr-23 3.25 8.54% REC Ltd. 15-Nov-28 (GOI S) 3.07 6.68% GOI 17-Sep-31 2.88 8.45% IRFC Ltd. 04-Dec-28 3.02 0.00% GOI 02-Jan-24 2.53 8.22% NABARD 13-Dec-28 (GOI S) 3.01 0.00% GOI 02-Jul-24 2.43 10.40% Reliance Ports & Terminals Ltd. 18-Jul-21 2.76 8.13% GOI 22-Jun-45 1.31 7.74% LIC Housing Finance Ltd. 05-Jun-20 Option I 1.94 20.17 Total 100.00 Modified Duration 40.60% 39.22% 20.17% 30.18% 9.40% 2.97% 57.45% Corporate Bonds AAA & Equivalent AA A1+ 4.35 Government Securities Period Date NAV Crisil Composite NAV INDEX Bond Fund Index Change Change Last 1 Month 31-Jan-19 24.5408 3109.34 0.23% 0.02% Last 3 Months 30-Nov-18 24.1102 3054.71 2.02% 1.81% Last 6 Months 31-Aug-18 23.2846 2971.26 5.63% 4.67% Last 1 Year 28-Feb-18 22.6436 2903.04 8.62% 7.13% Last 2 Years 28-Feb-17 21.6874 2784.66 6.50% 5.68% Last 3 Years 29-Feb-16 19.3149 2493.93 8.39% 7.64% Last 4 Years 28-Feb-15 18.3518 2330.28 7.60% 7.48% Last 5 Years 28-Feb-14 15.7379 2016.87 9.34% 9.05% Since Inception 17-Aug-07 10.0000 1339.53 8.11% 7.57% as per F&U Actual Equity 0% - Debt, Money Market & * 0% - 100% 100% Maturity Profile Central Government Securities 48.55% 120.00% Financial service activities, except insurance and pension funding 23.56% 80.00% 60.00% 44.32% 7.69% 40.00% 20.00% 0.00% 20.17% 24.47% 11.04% Less than 1 Year 1-3 Years 3-6 Years 6 Years and Above Manufacture of Basic Metals Infrastructure - Long Term Bonds - BFSI 3.27% 6.37% Hybrid Fund Equity - Debt 57.46 14.52 Warehousing and support activities for transportation 2.76% 7.80% 0% 10% 20% 30% 40% 50% 60% 8
BALANCED FUND Fund Assure, Investment Report, February 2019 ULGF 006 17/08/07 BL 110 Investment Objective: The objective of the fund is to supplement the income generation from the fixed income instruments with capital appreciation of the equity assets. NAV as on 28 Feb, 19: `23.0655 Benchmark: Nifty 50-10% & CRISIL Composite Bond Fund Index - 90% Corpus as on 28 Feb, 19: `77.54 Crs. Fund Manager: Mr. Rajeev Tewari & Mr. Pankaj Agarwal Debt Credit Quality High Low Equity Value Blend Growth Interest Rate Sensitivity High Low Size Large Small % Of NAV % Of NAV Government Securities 54.58 8.45% IRFC Ltd. 04-Dec-28 1.91 8.79% GOI 08-Nov-21 9.89 10.40% Reliance Ports & Terminals Ltd. 18-Jul-21 0.81 0.00% GOI 02-Jul-27 7.10 15.25 0.00% GOI 02-Jan-28 6.84 Equity 10.37 8.13% GOI 22-Jun-45 6.75 Reliance Industries Ltd. 1.39 7.17% GOI 08-Jan-28 6.08 HDFC Bank Ltd. 1.34 7.00% GOI 21-Jan-21 3.35 Infosys Technologies Ltd. 0.85 7.59% GOI 11-Jan-26 3.25 ITC Ltd. 0.78 7.72% GOI 26-Oct-55 2.54 Larsen and Toubro Ltd. 0.54 8.83% GOI 25-Nov-23 2.52 Tata Consultancy Services Ltd. 0.51 8.40% GOI 28-Jul-24 2.37 ICICI Bank Ltd. 0.46 Other Government Securities 3.89 Axis Bank Ltd. 0.38 Corporate Bonds 19.80 Kotak Mahindra Bank Ltd. 0.37 8.22% NABARD 13-Dec-28 (GOI S) 5.71 Hindustan Unilever Ltd. 0.34 9.05% Reliance Industries Ltd. 17-Oct-28 5.29 Other Equity 3.40 7.95% HDFC Bank Ltd. 21-Sep-26 4.09 Total 100.00 9.09% IRFC Ltd. 29-Mar-26 2.00 Modified Duration 5.07 Period Date NAV NAV INDEX Change Change 19.80% Last 1 Month 31-Jan-19 23.0399 0.11% -0.02% 15.25% Last 3 Months 30-Nov-18 22.6881 1.66% 1.55% Last 6 Months 31-Aug-18 22.2592 3.62% 3.44% 54.58% 10.37% Government Securities Corporate Bonds Equity Last 1 Year 28-Feb-18 21.5036 7.26% 6.70% Last 2 Years 28-Feb-17 20.5400 5.97% 6.14% Last 3 Years 29-Feb-16 18.1492 8.32% 8.43% Last 4 Years 28-Feb-15 17.9794 6.43% 7.23% Last 5 Years 28-Feb-14 15.0593 8.90% 9.29% Since Inception 17-Aug-07 10.0000 7.51% 7.69% 22.39% AAA & Equivalent Central Government Securities Financial service activities, except insurance and pension funding 13.04% 54.58% 6.76% Equity 8.04 Debt 57.67 11.82 77.61% Infrastructure - Long Term Bonds - BFSI Computer programming, consultancy and related activities Warehousing and support activities for transportation Manufacture of tobacco products Manufacture of motor vehicles, trailers and semi-trailers Manufacture of chemicals and chemical products 4.09% 1.63% 0.81% 0.78% 0.65% 0.61% as per F&U Actual Equity 0% - 20% 10% Debt, Money Market & * 80% - 100% 90% Civil engineering 0.54% 16.50% 0% 10% 20% 30% 40% 50% 60% 9
Tata AIA Life Insurance s Investment team Mr. Harshad Patil Chief Investment Officer Mr. Pankaj Agarwal Fund Manager Mr. Shashank Khetawat Analyst Mr. Rajeev Tewari Head of Equities Mr. Nimesh Mistry Analyst & Co-Fund Manager Mr. H S Bharath Dealer Mr. Jayanth Udupa Head of Credit Analysis & Economist Mr. Anirban Ray Analyst & Co-Fund Manager Mr. Ronak Shah Dealer Mr. Nitin Bansal Senior Analyst & Fund Manager Mr. Nalin Ladiwala Analyst & Fund Manager Mr. Pankaj Khetan Fund Manager Mr. Agraj Shah Analyst Contact Us: Choose a convenient contact option from the following: For any enquiries Call on helpline no. 1860 266 9966 (local charges apply) Just SMS SERVICE to 58888 or to get the summary of all short codes within 2 minutes, please send HELP to 5676799 Write to Us: Customer Services Team B- wing, 9th Floor, I-Think Techno Campus, Behind TCS, Pokhran Road No.2, Close to Eastern Express Highway, Thane (W) Pin Code 400 607. Disclaimer 1. The fund is managed by Tata AIA Life Insurance Company Ltd. (hereinafter the Company ). 2. Past performance is not indicative of future performance. Returns are calculated on an absolute basis for a period of less than (or equal to) a year, with reinvestment of dividends (if any) 3. All investments made by the Company are subject to market risks. The Company does not guarantee any assured returns. The investment income and price may go down as well as up depending on several factors influencing the market. 4. Every effort is made to ensure that all information contained in this publication is accurate at the date of publication, however, the Company shall not have any liability for any damages of any kind (including but not limited to errors and omissions) whatsoever relating to this material. 5. Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you. 6. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. 7. Various funds offered are the names of funds and do not, in any way, indicate the quality of the funds, their future prospects & returns. 8. Premium paid in ULIPs are subject to Investment risks associated with capital markets & the NAV of the units may go up or down based on the performance of the fund and factors influencing capital markets & the insured is responsible for his/her decision. 9. Whilst every care has been taken in the preparation of this document, it is subject to correction and markets may not perform in a similar fashion based on factors influencing the capital and debt markets; hence this review note does not individually confer any legal rights or duties. 10. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. 11. THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICY HOLDER. The Linked Insurance Product do not offer any liquidity during the first five years of the contract. The policy holder will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year. 12. Unit Linked Life Insurance products are different from traditional insurance products and are subject to risk factors 13. Tata AIA Life Insurance Company Limited is only the name of the Insurance Company & any contract bearing the prefix Tata AIA Life is only the name of the Unit Linked Life Insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. 14. This publication is for general circulation only. This document is for information and illustrative purposes only and does not purport to any financial or investment services and do not offer or form part of any offer or recommendation. This document is not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action. 15. Please make your own independent decision after consulting your financial or other professional advisor. BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS IRDA of India clarifies to public that IRDA of India or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDA of India does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number. Tata AIA Life Insurance Company Ltd. (IRDA of India Regn. No. 110) CIN: U66010MH2000PLC128403. Registered and Corporate Office: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai 400013. Website: tataaia.com Call helpline no. 1860 266 9966 (local charges apply)