Annual Fund Review 2016 - Exide Life InsuranceShyamsunder Bhat, Chief Investment Officer(CIO),...

2015 - 2016

Contents

Annual Fund Review 02

• Exide Life Insurance Fact Sheet 3-4

• Exide Life Insurance Investment Philosophy 5

• Market Review & Outlook for Markets 7-10

• Risk-Return Profile of Funds 11

• Fund Fact Sheet - Exide Life Debt Fund 12

• Secure Fund 13-14Fund Fact Sheet - Exide Life

• Balance Fund 15-16Fund Fact Sheet - Exide Life

• Growth Fund 17-18Fund Fact Sheet - Exide Life

• Guaranteed Growth Fund 19-20 Fund Fact Sheet - Exide Life

• Equity Fund 21-22Fund Fact Sheet - Exide Life

• Guaranteed NAV Fund 23-24Fund Fact Sheet - Exide Life

• Active Asset Allocation Fund 25-26Fund Fact Sheet - Exide Life

• Prime Equity Fund 27-28Fund Fact Sheet - Exide Life

• Preserver Fund 29-30Fund Fact Sheet - Exide Life

• Pension Prime Equity Fund 31-32Fund Fact Sheet - Exide Life

• Pension Preserver Fund 33Fund Fact Sheet - Exide Life

• Pension Liquid Fund 34Fund Fact Sheet - Exide Life

• Pension Debt Fund 35Fund Fact Sheet - Exide Life

• Pension Equity Fund 36-37Fund Fact Sheet - Exide Life

• Glossary 38


Exide Life Insurance Investment Philosophy

Our policyholders are investing their hard earned money with specific objectives of protection and longer-term

investment returns. Two of the basic expectations of our customers are thus, Safety and Returns, and we need to

balance both these expectations in terms of the asset-allocation, underlying investments, and subsequent

monitoring. These customer expectations are an important consideration in our investment management philosophy

and strategy.

The underlying investment philosophy is to ensure safety and deliver consistent, stable returns over the longer-term,

for a given level of risk. This is achieved with a well-defined and disciplined investment process. There is an

emphasis on compliance and robust risk-management in the investment process, both pre-investment and post-

investment. As a company and as an investment team, we focus on the long-term.

Investment Team Profile

Shobit Gupta, Senior Vice President (Investments), Fixed Income, has over 19 years of experience in

Fixed Income and Foreign Exchange markets. He has worked extensively in the field of Foreign exchange

and Interest Rate derivatives at ABN AMRO bank and has handled Fixed

Income portfolios at Asset Management companies like Kotak Mahindra

Mutual Fund and Principal Asset Management Co. He is a Graduate in

Economics, Maths, Statistics, PGDBA from ICFAI Delhi and CFA from ICFAI

Hyderabad and CFA Institute - USA.

SHOBIT GUPTA

Senior Vice President (Investments) - Fixed Income

Shyamsunder Bhat, Chief Investment Officer(CIO), joined Exide Life Insurance (Formerly ING Vysya Life

Insurance Company Limited) in September 2010, initially to head the Equity Investments area. He has an

experience of 22 years in fund management. Prior to joining Exide Life

Insurance, Shyam has worked with two mutual fund companies - initially as a

part of the start-up team at Tata Asset Management Ltd. for 10 years (1994-

2004) and later at Principal PNB Asset Management, where he then worked

for more than 6 years. He is an Electrical Engineer from VJTI (Mumbai) and a

post-graduate in Management (M.M.S. Finance) from Narsee Monjee Institute

of Management Studies. SHYAMSUNDER BHAT

Chief Investment Officer(CIO)

Pranav Parekh Sumeet Hinduja & Mahesh Sarda

Fund Manager - Fixed Income portfolio Fund Managers - Equity portfolio

Risk ControlRisk management is an integral part of our investment process. The company has well-defined risk policies and processes covering both

portfolio and process risk. Further, the company has systems and software in place to monitor compliance of Regulations and

Investments norms on a daily basis.

The operating policy for each asset class defines the framework within which the investments are made in specific funds. All our current

equity investments are in securities within the BSE-500/CNX500 index, and predominantly from within the BSE-200 index. The portfolio is

well-diversified across companies and industries as a risk-mitigation measure. The debt portfolio of the company is mostly invested in

assets of the highest credit quality i.e. Government of India securities, and AAA rated securities issued by blue-chip companies, and

finally, a small exposure to AA rated securities. The key risk management policy adopted is maintaining high standards of credit quality of

the portfolio and maintaining optimum duration depending on the market outlook.

The exposure to stocks and duration of bonds changes over time based on an in-depth analysis of the factors affecting these markets.

Finally, a reasonable level of liquidity is maintained within the respective funds so as to enable smooth redemption process on account of

switches or claims, in line with the liquidity norms prescribed in our investment policy.


Key Developments in the Operating environment

Macro-Economic background and Outlook

India’s GDP growth accelerated in FY16 to 7.6% yoy, higher than 7.2% and 6.9% in the prior two years. The growth in FY16 was driven

primarily by private consumption, activities linked to the infrastructure sector and services. GVA was stable at 7.2% yoy. The sharp

deceleration in fixed capital formation is a concern. The fiscal deficit for FY16 was within the targeted 3.9% (from 4.1% in Fy15) , and is

projected to reduce further to 3.5% in Fy17. Going forward, it is likely that the targeted fiscal deficit figure is likely to be specified as a

range. GDP and GVA are expected to rise further in Fy17, but are likely to be within 8%, while the nominal GDP growth is likely to rise to

double digits.

On an annual basis, there was a 2.4% in Industrial Production in Fy16 vs 2.8% growth in Fy15. Consumer price inflation averaged 4.9%

in Fy16 vs an average of 6% in Fy15. Core inflation during Fy16 stood at 4.7% down from, 5.5% in Fy15. Wholesale price inflation

remained in the negative territory for 17 months ending March 2016, resulting in the annual figure being -2.5% for Fy16 (as compared to

annual +2% in Fy15), the first annual decline in several decades. However, WPI is expected to be in the positive territory in Fy17.

India’s trade deficit fell by 14% to US $ 118.5 billion, primarily due to a 35% fall in oil imports, thanks to the sharp fall in international

crude prices. The current account deficit narrowed by 17% to US $ 22.1bn (1.1% of GDP) in Fy16, and is the lowest since Fy08.

The Indian Rupee weakened by approximately 6% for the year, though the forex reserves rose by 5.5% to $ 360 billion during the year.


Indian And Global Economy : Review And Outlook

Equity markets review and outlook

After a 26.7% rise during the financial year 2014-2015, the Nifty fell by 8.9% during the financial year 2015-2016. There was particularly high volatility in the month of August (a fall of 6.5% in a month) and January-February (a fall of 12% across two months), before recovering in the following period, such as the sharp 10.7% rally in a single month (March). Corporate earnings fell short of the expected recovery in terms of growth, and this was one of the reasons for the fall in the equity market. Wholesale Price Inflation continued to be negative through the year, and this, too, impacted the corporate earnings adversely inspite of the benefits from lower input costs. Sharply higher provisioning requirements for the banking sector due to the asset quality review by RBI, along with the pressure on large international subsidiaries of some of the Nifty companies, also impacted the overall earnings figures for the large corporates. Two consecutive weak monsoons and a smaller increase in rural wages/agricultural procurement prices has led to a weak rural demand. The above factors, along with some disappointments in State Election results for the ruling party at the Centre, and the delay in passage of Bills such as the GST Bill impacted the equity market performance during the year.

Global financial markets exhibited volatility, with particular concerns on the slowdown in the growth in China, coupled with its rising debt and weakening currency, impacting competitiveness of other countries including India. Global trade showed a weak trend, impacting India as well. Global commodities (particularly crude oil) fell sharply during the year, a reflection of slowing growth and demand across major consuming countries. The US Federal Reserve commenced hiking interest rates, but has paused after the first hike of 25 bps, mainly on account of global market conditions. The IMF has lowered global growth estimates to 3.4% and 3.6% in 2016 and 2017 respectively. The Government’s allocation towards Roads and highways increased sharply, and there were also measures towards higher investments in areas such as Railways and Defence. FDI limits were relaxed in some of the sectors, and there was a strong uptick in FDI inflows during the year. On a full year basis, gross FDI flows rose to an all time high of US$44.9bn (2.2% of GDP) in FY16.



Foreign Exchange Reserves (US$ billion)

Bank Loans (Non-food credit, YOY)

Economic Indicators April, 15 May, 15 Jun, 15 July, 15 Aug, 15 Sept, 15 Oct, 15 Nov, 15 Dec, 15 Jan, 16 Feb, 16 Mar, 16

Trade Balance (US$ billion) -11.4 -10.4 -10.8 -13.1 -12.4 -10.2 -9.7 -10.3 -11.5 -7.7 -6.5 -4.2

Exports (US$ billion) 22.1 22.3 22.3 23.3 21.6 21.8 21.4 19.6 22.6 21.1 20.8 22.8

Exports (YoY) -14.4 -20.2 -14.0 -9.8 -19.6 -24.6 -17.3 -26.2 -13.8 -13.6 -5.5 -5.2

Imports (US$ billion) 33.5 32.8 33.1 36.4 34.0 32.0 31.2 29.9 34.1 28.8 27.3 27.0

Imports (YoY) -6.4 -16.1 -13.7 -9.2 -9.3 -26.1 -21.1 -30.1 -3.6 -10.9 -5.1 -23.8

351.9 352.5 356.0 353.5 351.4 350.3 354.2 350.2 350.4 349.6 348.4 360.2

Rs/US$1 (period average) 62.8 63.8 63.9 63.6 65.1 66.2 65.1 66.1 66.6 67.3 68.2 67.0

M1 (YoY) 10.2 9.7 9.2 10.7 10.9 11.1 11.8 11.6 12.3 11.5 13.4 13.9

M3 (YOY) 10.8 10.8 10.6 11.1 11.1 10.7 10.6 10.4 10.7 10.8 11.4 10.5

8.9 9.0 7.7 8.4 8.4 8.6 8.3 8.8 9.3 9.8 9.9 9.1

Deposit Growth Rate (YoY) 11.0 10.7 10.6 12.3 10.5 9.9 10.4 9.7 10.1 10.4 9.6 8.1

Source: Kotak Securities

Wholesale Price Index(YoY - All commodities)

364 day T-Bill Yield 7.9 7.8 7.7 7.6 7.5 7.2 7.2 7.2 7.2 7.2 7.3 7.2

91 day T-Bill Yield 7.9 7.9 7.7 7.5 7.4 7.1 7.1 7.1 7.2 7.2 7.3 7.3

10 yr Government Bond Yield 7.8 7.8 8.0 7.8 7.8 7.6 7.6 7.8 7.8 7.8 7.9 7.5

Industrial Production 3.0 2.5 4.2 4.3 6.3 3.7 9.9 -3.4 -0.9 -1.6 1.9 0.3

Manufacturing (% YOY) 3.9 2.1 5.2 4.8 6.6 2.7 10.6 -4.6 -1.9 -2.9 0.6 -1.0

Consumer Goods 2.8 -2.2 7.2 1.1 6.0 1.2 18.3 1.0 3.2 -0.1 0.6 0.5

Basic Goods 2.6 6.2 5.1 5.4 3.7 4.2 4.2 -0.5 0.7 1.9 5.4 4.4

Capital Goods 5.5 3.0 -2.0 10.1 21.3 10.1 16.5 -24.4 -18.6 -21.6 -9.3 -15.3

Intermediate Goods 2.3 1.2 1.3 2.0 2.8 1.8 6.3 -1.5 1.5 2.8 4.9 4.4

Consumer Price Index (YoY) 4.9 5.0 5.4 3.7 3.7 4.4 5.0 5.4 5.6 5.7 5.3 4.8

-2.4 -2.2 -2.1 -4.0 -5.1 -4.6 -3.7 -2.0 -1.1 -1.1 -0.9 -0.5

Macro-economic Indicators:

The Macro Economic Indicators for the last 12 months are as shown:



Indices March 31,2016

1-Month Change

3-Month Change

6-Month Change

1-Year Change

BSE Sensex (INR) 25341.86 10.17% -2.97% -3.11% -9.36%

BSE 100 (INR) 7835.45 10.74% -3.24% -3.00% -8.96%

Nifty (INR) 7738.4 10.75% -2.62% -2.65% -8.86%

CNX Midcap (INR) 12752.6 10.33% -4.81% -1.79% -1.91%

MSCI Europe 113.62 1.00% -7.71% -3.10% -16.00%

MSCI World 1648.12 6.52% -0.88% 4.18% -5.32%

MSCI Emerging Mkt 836.8 13.03% 5.37% 5.65% -14.14%

Inflows in domestic equity funds continued to be strong during most of the year, helped by the positive real interest rate environment and a continuing shift from physical to financial assets. Domestic mutual funds were net buyers to the tune of $ 9.9 bn during FY16, higher than the $ 6.5 bn in the previous year. Domestic insurance companies, too, turned buyers in FY16, with inflows from policyholders. However, after the strong inflows ($ 18 billion) from Foreign Institutional Investors in Fy15, there was a reversal of flows during Fy16 with Foreign Institutional Investors being net sellers to the tune of $ 1.5 billion. This was due to several factors such as weak global market conditions, disappointing growth numbers from Indian corporates and an existing portfolio overweight on India for many of these foreign investors. The Indian rupee depreciated by approximately 6% during the year, which would have further impacted the foreign investors adversely in their invested portfolios.

The corporate results for the March 2016 quarter showed the initial signs of an uptrend, and this is expected to gather pace during the next financial year. India has a relative advantage over most other countries in terms of higher growth, reasonable deficits and a slower depreciation in the currency; and the revival in corporate earnings growth is likely to result in a better performance from equity markets in the next financial year. Further improvement in the macros could be difficult; it would be the improvement in the micros (corporate earnings) which is now expected over the next two years. Other positive triggers for the equity market could stem from a good monsoon, passage of the GST Bill and a better reflection of the lower interest rates on corporate performance. A better consumer demand aided by a rural recovery and more disposable income from the Seventh Pay Commission for the Central Government employees and One Rank One Pension Scheme for the Defence Services should aid the growth, coupled with the Government spending on capex (though private sector capex is still some time away due to uncertainty in recovery in global demand). Expectations of liquidity stimulus in some of the large global economies could result in a rally across asset classes. Concerns could stem from rising valuations and any global risk-off sentiment during the year, though India is likely to continue to be viewed favourably on a relative basis which could result in the downside being limited.

The equity market performance for various periods ending March 31st, 2016 is shown in the table below.

Performance of Equity Indices is shown in the graph below.

Equity Indices

CNX Midcap MSCI Emerging Markets MSCI World Nifty

Index

Valu

es

(Rebase

d t

o 1

00)

70

80

90

100

110

120

130

140

Mar-1

6

Mar-1

5

Apr-15

May

-15

Jun-

15

Jul-1

5

Aug-

15

Sep-

15

Oct-1

5

Nov-1

5

Dec-1

5

Jan-

16

Feb-

16



The key debt market indicators are highlighted below :

Key Indicators

Note: All figures are as of year ending March

Indicator Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar–16

Inflation 1.65% 10.36% 9.68% 7.69% 5.65% 5.70% 5.25% 4.83%

NSE MIBOR 5.02% 5.47% 9.24% 11.99% 8.98% 8.53% 8.35% 9.00%

91 Day Bill 4.50% 4.33% 7.31% 9.02% 8.02% 8.83% 7.94% 7.12%

364 Day T Bill 5.50% 5.12% 7.64% 8.40% 7.79% 8.78% 7.72% 7.06%

5 year G Sec 6.76% 7.50% 7.95% 8.60% 7.96% 8.86% 7.75% 7.43%

10 year G Sec 7.01% 7.83% 7.99% 8.54% 7.96% 8.80% 7.74% 7.46%

3 month CP P1+ 8.00% 6.00% 6.00% 10.75% 9.22% 9.65% 8.76% 8.67%

6 month CP P1+ 10.25% 8.80% 6.50% 6.50% 10.63% 9.27% 8.68% 8.75%

1 year CP P1+ 10.00% 9.50% 7.25% 7.25% 10.88% 9.30% 8.71% 8.80%

1 year AAA 9.90% 7.95% 6.70% 9.55% 9.86% 8.90% 8.40% 7.85%

3 year AAA 9.45% 8.14% 7.90% 9.35% 9.67% 8.87% 8.34% 8.00%

5 year AAA 9.45% 8.51% 8.50% 9.23% 9.55% 8.83% 8.31% 8.12%

Performance of Debt Indices during the year is shown in the graph below:

7.0%

7.5%

8.0%

8.5%

9.0%

9.5%

Debt Indices

Index

Valu

es(

Rebase

d t

o 1

00)

Crisil Bond Index 10 Yr Gsec Yield

(Yie

ld)

90

95

100

105

110

115

120

Mar-1

6

Mar-1

5

Apr-15

May

-15

Jun-

15

Jul-1

5

Aug-

15

Sep-

15

Oct-1

5

Nov-1

5

Dec-1

5

Jan-

16

Feb-

16

Debt Market Review and Outlook

The yield of Government Securities failed to record significant gains during Fy16 prior to the Union Budget, and prices displayed a negative bias for a large part of the year, but rallied sharply at the end of the year, in March. Foreign Portfolio Investor inflows which had played such a significant role in FY15 in absorbing the G-Sec supply, dried up significantly in FY16, dipping from INR 682bn in FY15 to INR 127bn in FY16. In fact, the net inflow was in negative territory till Oct 2015, and picked up only subsequently. RBI initiated its accommodative stance at the beginning of the year, lent a dovish tone and announced rate cuts totaling 125bps, as consumer inflation was on a declining trend. However other factors such as the supply of UDAY bonds and lack of deposit growth resulted in market yields not falling in line with the rate cuts.

Corporate bonds across the credit curve exhibited some volatility during the year, as yields dipped and bounced back during the second half of the year. On the whole, yields have ended at around the same levels from where they were at the start of the year but spreads have widened as corporate bonds have not fully reflected the rally in corresponding Government Securities, particularly in the shorter segment.

The recent rally in G-Secs was primarily driven by the Budget, followed by other crucial policy actions by the Government and the RBI. As the Government reduced small savings rates, linking them to market rates and stuck to the fiscal deficit target of 3.5%, the RBI played its part by conducting purchases via OMO (Open Market Operations) to infuse liquidity, also ensuring comfortable absorption of supply in the near-term. The focus on ensuring adequate liquidity is a key pre-requisitie for the transmission of the rate-cuts into banks’ lending rates, which would thereafter enable RBI to act further on rates. Meanwhile the global situation too stabilized towards the end of FY16, and consequently, yields came off sharply marking the biggest gains of the year, and heralding a favorable climate for FY17.

The expectation of above-normal monsoon, and the RBI’s accommodative stance would continue to support bond prices. Measures undertaken by RBI to bring down liquidity deficit, along with lower net borrowings by the Government will help transmission of earlier rate-cuts. A continuation of the disinflationary trend due to weak global growth could result in a capping of commodity prices in their bounceback, and containment of bond yields. We therefore remain constructive on the bond market, and expect the yields to reduce over the medium term.

*Available for existing customers only subject to product terms and conditions

High Risk

Low Risk

Medium Risk

Return

Ris

k

Exide Life Equity Pension Fund*

Exide Life Equity Fund*

Exide Life Prime Equity Pension Fund*

Exide Life Prime Equity Fund

Exide Life Preserver Pension*

Exide Life Preserver Fund

Exide Life Debt Pension Fund*

Exide Life Debt Fund*

Exide Life Liquid

Pension*

Exide LifeSecureFund

Exide LifeBalanceFund

Exide LifeGuaranteedNAV Fund*

Exide LifeGrowthFund

Risk Return Profile of Funds

Exide Life Insurance offers a wide range of fund options catering to various risk-return appetite.You can invest either in

equity, or in debt or in hybrid fund and even change your investment strategy. You can choose from these funds depending

on your risk appetite, age, time horizon for important life stage goals like child education planning, retirement planning, etc.

The risk return chart below helps you choose the right fund for your investment needs.

Exide Life Active

AssetAllocation

Fund


Benchmark*

Exide Life Debt Fund

Fixed income duration: 6.33

Asset Allocation

Others 3%

Corporate Debt 17%

Gsec 80%

Period Fund Return

Returns are compounded annualised and net of charges.*Benchmark : Crisil Composite Bond Index (100%)

Fund Performance

One year 7.87% 8.24%

Three Years 9.30% 8.97%

Five Years 9.45% 8.78%

Since inception 8.11% 6.96%

Corporate Debt Rating Profile

AAA 100%

Movement of NAV

Fund Objective: The fund seeks to generate income through an investment mix of high quality bonds and money market instruments.

Launch Date: November 2, 2004

Net Asset Value (NAV) as on 31st March 2016: ̀ 24.36

Assets Under Management (AUM): ̀ 340mn

Portfolio Holdings


SectorRating %

SectorRating %

Corporate Debt

AAA 9.02 REC 18-June-2019 4.55

AAA 8.40% PFC 29-June-2018 3.56

AAA 8.17% PFC 18-Aug-2018 2.95

AAA 8.40% PFC 19-June-2018 2.37

AAA 9.20% HDFCL 08-10-2017 1.49

AAA 9.50 % State Bank of India 2025 ( Call - 04 Nov 2020) 0.93

AAA 9.66% TATASONS 13-09-2017 0.90

AAA 8.90% PGC 25-02- 2017 0.37

Total 17.13

Others 2.57

Government Securities

SOVEREIGN 7.35% GoI SEC 22-06-2024 13.39

" 8.13 % GOI 22-Jun-2045 12.04

" 7.59% G-Sec 20-Mar-2029 10.06

" 8.27% GOI Sec 09-June-2020 7.12

" 7.68 G-Sec 15-Dec-2023 6.49

" 8.17% G Sec 01-Dec-2044 5.44

" 9.20 G Sec 30- Sept-2030 4.88

" 8.83% Gsec 25-NOV-2023 4.37

" 8.15 GOI Security 24-11-2026 3.23

" 8.60% GOI 02-June-2028 3.11

" 8.12% Gsec 10-Dec-2020 3.01

" 7.72% GSec 25-May-2025 2.80

" 9.23 GOI 23-12-2043 1.67

" 8.53 % GSEC SDL(Assam)24-02-2020 1.35

" 8.58 % GSEC SDL(Uttarkhand) 13-04-2020 0.75

" 7.73% Gol Sec 19-12-2034 0.58

Total 80.29 10.00

12.00

14.00

16.00

18.00

20.00

22.00

24.00

26.00

Nov/04

Jul/05

Mar/06

Nov/06

Jul/07

Mar/08

Nov/08

Jul/09

Mar/10

Nov/10

Jul/11

Mar/12

Nov/12

Jul/13

Mar/14

Nov/14

Jul/15

Mar/16

Benchmark*

Exide Life Secure Fund


Asset Allocation

Equity-stocks from Nifty50 15%

Corporate Debt 21%Gsec 58%

Period Fund Return

Returns are compounded annualised and net of charges. * Benchmark : Crisil Composite Bond Index (85%) and CNX Nifty (15%)

Fund Performance

One year 4.88% 5.67%





AAA 91.51%

Movement of NAV

Fund Objective: The fund seeks to achieve long term moderate capital growth through an investment mix of upto 20% equity and the balance in high quality bonds and money market instruments.




Equity Sector Allocation %

Sector Allocation

Equity-Non Nifty50 2%

Portfolio Holdings


EquitySector %

Financial Services (Incl : Infrastructure Finance) 27.67

IT 17.54

Oil & Gas 11.76

Consumer Products 7.24

Health Care 7.19

Industrial Manufacturing, Construction & Infra 7.15

Auto 6.69

Metals & Mining 4.67

Miscellaneous 4.36

Telecommunication 2.28

Cement 2.26

Power 1.19

AA- 8.49%

10.00

12.00

14.00

16.00

18.00

20.00

22.00

24.00

26.00

28.00

Nov/04

Jul/05

Mar/06

Nov/06

Jul/07

Mar/08

Nov/08

Jul/09

Mar/10

Nov/10

Jul/11

Mar/12

Nov/12

Jul/13

Mar/14

Nov/14

Jul/15

Mar/16

Others 4%

Infrastructure Development Finance Company Ltd

FINANCIALSERVICES(Incl: Infrastructure Finance)

AUTO Tata Motors Ltd 0.53 Maruti Suzuki India Ltd 0.29 Mahindra & Mahindra Ltd 0.16 Hero Motocorp Ltd 0.11 Bajaj Auto Ltd 0.09 CEMENT The Ramco Cements Ltd 0.12 Ultratech Cement Ltd 0.21 Ambuja Cements Ltd 0.05 Acc Ltd 0.01 CONSUMER ITC Ltd 0.76 Hindustan Unilever Ltd 0.21 Asian Paints Ltd 0.19 Jubilant Foodworks Ltd 0.05 Colgate Palmolive India Ltd 0.06OIL & GAS Reliance Industries Ltd 1.29 Oil & Natural Gas Corporation Ltd 0.44 Gail (India) Ltd 0.16 Chennai Petroleum Corporation Ltd 0.07 Aban Offshore Ltd 0.05 Bharat Petroleum Corporation Ltd 0.05 Cairn India Ltd 0.01 POWER Power Grid Corpn. Of India Ltd 0.10 Ntpc Ltd 0.10 Tata Power Co. Ltd 0.01 HDFC Bank Ltd 1.17 ICICI Bank Ltd 0.75 Housing Development Finance Corporation Ltd 0.94 State Bank of India 0.40 Axis Bank Ltd 0.49 Yes Bank Ltd 0.25 Kotak Mahindra Bank Ltd 0.18 Indusind Bank Ltd 0.13 Bank of Baroda 0.12 Rural Elec Corp. Ltd 0.12 Punjab National Bank 0.11 0.04 IDFC Bank Ltd 0.05 Andhra Bank 0.05 Union Bank Of India 0.04

Exide Life Secure Fund


EquitySector %

Government SecuritiesRating %

Corporate DebtRating %

AAA 8.76% PFC 07-Nov-2019 4.67

AAA 8.93% PGCIL 20-OCT-2029 3.69

AAA 8.95% LARSEN & TOUBRO LTD 26-05-2020 3.60

AAA 9.60% GE SHIPPING 10-11- 2019 3.32

AA- 9.55 HINDALCO INDUSTRIES Ltd 25-Apr-2022 1.78

AAA 0.00% HDFC Ltd. 14-Jun-2016 1.66

AAA 9.30% PGCIL 04-Sep-2024 1.11

AAA 9.15% LARSEN & TOUBRO LTD 05-01-2019 1.08 Total 20.91

Others 4.01

INDUSTRIAL MANUFACTURING CONSTRUCTION & INFRA

IT

METALS &MINING

HEALTHCARE

MISCELLANEOUS

TELECOM

SOVEREIGN 8.15 GOI Security 24-11-2026 11.16

" 8.13 % GOI 22-Jun-2045 10.42

" 8.60% GOI 02-June-2028 6.87

" 7.59% G-Sec 20-Mar-2029 5.39

" 7.73% Gol Sec 19-12-2034 5.20

" 7.35% GoI SEC 22-06-2024 3.95

" 8.24% GoI Sec 15-02-2027 3.44

" 8.17% G Sec 01-Dec-2044 3.42

" 8.28% GOI 21-09-2027 3.27

" 9.20 G Sec 30- Sept-2030 1.94

" 8.27% Gujarat SDL 13-Jan-2026 1.77

" 8.53 % GSEC SDL(Assam)24-02-2020 0.77

Total 57.59

Larsen & Toubro Ltd 0.58 Bharat Heavy Electricals Ltd 0.18 Texmaco Rail & Engineering Ltd 0.07 Ashoka Buildcon Ltd 0.07 Beml Ltd 0.06 VA Tech Wabag Ltd 0.04 Praj Industries Ltd 0.05 Ncc Ltd 0.04 Gmr Infrastructure Ltd 0.04 Bosch Ltd 0.12 Infosys Ltd 1.53 Tata Consultancy Services Ltd 0.75 Bharat Electronics Ltd 0.11 Hexaware Technologies Ltd 0.09 Hcl Technologies Ltd 0.23 Tech Mahindra Ltd 0.17 Wipro Ltd 0.18 Coal India Ltd 0.27 Tata Steel Ltd 0.24 KEC International Ltd 0.08 JSW Steel Ltd 0.12 Jindal Steel & Power Ltd 0.03 Vedanta Ltd 0.01 Hindalco Industries Ltd 0.07 Sun Pharmaceutical Industries Ltd 0.54 Aurobindo Pharma Ltd 0.06 Alembic Pharmaceuticals Ltd 0.07 Wockhardt Ltd 0.04 Glenmark Pharmaceuticals Ltd 0.17 Lupin Ltd 0.20 Dr. Reddys Lab Ltd 0.12 Cipla Ltd 0.06 Hathway Cable & Datacom Ltd 0.10 Aarti Industries Ltd 0.10 Sintex Industries Ltd 0.09 Cox and Kings Ltd 0.07 HSIL Ltd 0.07 Adani Port & Sez Ltd 0.09 Voltas Ltd 0.10 Tata Chemicals Ltd 0.05 Grasim Industries Ltd 0.06 Zee Entertainment Enterprises Ltd 0.04 Bharti Airtel Ltd 0.26 Idea Cellular Ltd 0.14 Total 17.49

Benchmark*

Exide Life Balance Fund


Asset Allocation

Others 3%


Period Fund Return

Returns are compounded annualised and net of charges. *Benchmark: Crisil Composite Bond Index(70%) and CNX Nifty (30%)

Fund Performance

One year 1.87% 3.11%





AAA 87.49%

Movement of NAV

Fund Objective: The fund seeks to achieve long term capital growth through an investment mix of upto 40% equity and the balance in high quality bonds and money market instruments.




Sector Allocation

Equity-stocks fromNifty50 30%



Portfolio Holdings

EquitySector %


IT 16.82

Oil & Gas 11.47


Health Care 7.04

Auto 6.62



Miscellaneous 4.71


Cement 2.16

Power 1.36

AA- 12.51%

10.00

12.00

14.00

16.00

18.00

20.00

22.00

24.00

26.00

28.00

Nov/04

Jul/05

Mar/06

Nov/06

Jul/07

Mar/08

Nov/08

Jul/09

Mar/10

Nov/10

Jul/11

Mar/12

Nov/12

Jul/13

Mar/14

Nov/14

Jul/15

Mar/16

Equity-Non Nifty50 5%FINANCIALSERVICES(Incl: Infrastructure Finance)

AUTO Bajaj Auto Ltd 0.21 Hero Motocorp Ltd 0.24 Mahindra & Mahindra Ltd 0.36 Maruti Suzuki India Ltd 0.59 Tata Motors Ltd 0.94

CEMENT Acc Ltd 0.03 Ambuja Cements Ltd 0.11 The Ramco Cements Ltd 0.28 Ultratech Cement Ltd 0.34

CONSUMER Asian Paints Ltd 0.43 Colgate Palmolive India Ltd 0.14 Hindustan Unilever Ltd 0.38 ITC Ltd 1.18 Jubilant Foodworks Ltd 0.10

OIL & GAS Aban Offshore Ltd 0.10 Bharat Petroleum Corporation Ltd 0.10 Cairn India Ltd 0.01 Chennai Petroleum Corporation Ltd 0.14 Gail (India) Ltd 0.33 Oil & Natural Gas Corporation Ltd 0.96 Reliance Industries Ltd 2.41

POWER Ntpc Ltd 0.24 Power Grid Corpn. Of India Ltd 0.22 Tata Power Co. Ltd 0.02

HDFC Bank Ltd 2.51 Housing Development Finance Corporation Ltd 1.99 ICICI Bank Ltd 1.56 State Bank of India 0.88 Axis Bank Ltd 0.84 Kotak Mahindra Bank Ltd 0.53 Yes Bank Ltd 0.50 Indusind Bank Ltd 0.30 Bank of Baroda 0.26 Punjab National Bank 0.24 Rural Elec Corp. Ltd 0.24 IDFC Bank Ltd 0.10 Andhra Bank 0.09 Infrastructure Development Finance Company 0.09 Ltd Union Bank Of India 0.09

Exide Life Balance Fund


EquitySector %




AAA 8.93% PGCIL 20-OCT-2029 2.98

AAA 8.76% PFC 07-Nov-2019 2.91


AAA 9.30% PGCIL 04-Sep-2024 1.50

AAA 10.60% IRFC 11-09-2018 1.05

AAA 9.50 % State Bank of India 2025 (Call - 04 Nov 2020) 0.32

AAA 0.00% HDFC Ltd. 14-Jun-2016 0.22 Total 13.77

Others 2.57


IT

METALS &MINING

HEALTHCARE

MISCELLANEOUS

TELECOM

Beml Ltd 0.15

Bharat Heavy Electricals Ltd 0.37

Bosch Ltd 0.13

Gmr Infrastructure Ltd 0.08

Larsen & Toubro Ltd 1.28

Ashoka Buildcon Ltd 0.13

Ncc Ltd 0.09

Praj Industries Ltd 0.11

Texmaco Rail & Engineering Ltd 0.15

VA Tech Wabag Ltd 0.09

Hcl Technologies Ltd 0.50

Infosys Ltd 2.83

Bharat Electronics Ltd 0.25

Tata Consultancy Services Ltd 1.48

Hexaware Technologies Ltd 0.17

Tech Mahindra Ltd 0.31

Wipro Ltd 0.40

Coal India Ltd 0.58

Hindalco Industries Ltd 0.15

Jindal Steel & Power Ltd 0.06

KEC International Ltd 0.16

JSW Steel Ltd 0.23

Vedanta Ltd 0.04

Tata Steel Ltd 0.49

Alembic Pharmaceuticals Ltd 0.15

Aurobindo Pharma Ltd 0.14

Cipla Ltd 0.13

Dr. Reddys Lab Ltd 0.24

Glenmark Pharmaceuticals Ltd 0.34

Lupin Ltd 0.41

Sun Pharmaceutical Industries Ltd 0.99

Wockhardt Ltd 0.08

Cox and Kings Ltd 0.15

Grasim Industries Ltd 0.11

Hathway Cable & Datacom Ltd 0.20

HSIL Ltd 0.14

Adani Port & Sez Ltd 0.21

Aarti Industries Ltd 0.18

Sintex Industries Ltd 0.19

Tata Chemicals Ltd 0.11

Voltas Ltd 0.21

Zee Entertainment Enterprises Ltd 0.16

Bharti Airtel Ltd 0.56

Idea Cellular Ltd 0.27

Total 35.27

SOVEREIGN 8.13 % GOI 22-Jun-2045 10.89

" 8.60% GOI 02-June-2028 6.23

" 7.59% G-Sec 20-Mar-2029 4.57

" 8.15 GOI Security 24-11-2026 4.51

" 7.73% Gol Sec 19-12-2034 4.27

" 7.35% GoI SEC 22-06-2024 3.75

" 8.27% Gujarat SDL 13-Jan-2026 3.58

" 8.28% GOI 21-09-2027 3.23

" 8.17% G Sec 01-Dec-2044 2.77

" 8.26% GoI Sec 02-08-2027 2.20

" 9.20 G Sec 30- Sept-2030 1.57

" 8.97% GOI 05-Dec-2030 0.54

" 8.83% Gsec 25-NOV-2023 0.30

Total 48.39

Benchmark*

Exide Life Growth Fund


Asset Allocation

Period Fund Return

Returns are compounded annualised and net of charges.* Benchmark : Crisil Composite Bond Index(50%) and CNX Nifty (50%)

Fund Performance

One year -1.76% -0.31%





Movement of NAV

Fund Objective: The fund seeks to achieve long term accelerated capital growth through an investment mix of upto 60% equity and the balance in high quality bonds and money market instruments.





Sector Allocation

AAA 85.35%

AA+ 8.14%


Portfolio HoldingsEquitySector %

AA- 6.51%


IT 14.35

Auto 12.45

Oil & Gas 9.83



Health Care 6.27

Miscellaneous 5.18


Power 1.60

Cement 1.54


10.00

12.00

14.00

16.00

18.00

20.00

22.00

24.00

26.00

28.00

30.00

32.00

Nov-04

Jul-05

Mar-06

Nov-06

Jul-07

Mar-08

Nov-08

Jul-09

Mar-10

Nov-10

Jul-11

Mar-12

Nov-12

Jul-13

Mar-14

Nov-14

Jul-15

Mar-16

Others 3%




AUTO Tata Motors Ltd 1.49 Maruti Suzuki India Ltd 1.22 Hero Motocorp Ltd 0.77 Mahindra & Mahindra Ltd 0.75 Exide Industries Ltd 0.58 BHARAT FORGE LTD 0.44 Motherson Sumi Systems Ltd 0.37 Ashok Leyland Ltd 0.32 Eicher Motors Ltd 0.28 Bajaj Auto Ltd 0.25CEMENT Ultratech Cement Ltd 0.46 Ambuja Cements Ltd 0.14 The Ramco Cements Ltd 0.11 Acc Ltd 0.10 CONSUMER ITC Ltd 2.20 Hindustan Unilever Ltd 0.66 Asian Paints Ltd 0.73 United Spirits Ltd 0.21 Godrej Consumer Products Ltd 0.11 Britannia Industries Ltd 0.41 Jubilant Foodworks Ltd 0.19 Colgate Palmolive India Ltd 0.19OIL & GAS Reliance Industries Ltd 2.76 Oil & Natural Gas Corporation Ltd 0.72 Hindustan Petroleum Corporation Ltd 0.28 Bharat Petroleum Corporation Ltd 0.30 Indraprastha Gas Ltd 0.27 Gail (India) Ltd 0.40 Chennai Petroleum Corporation Ltd 0.31 Cairn India Ltd 0.07 POWER Power Grid Corpn. Of India Ltd 0.25 Ntpc Ltd 0.24 CESC LTD 0.26 Tata Power Co. Ltd 0.08 HDFC Bank Ltd 3.20 Housing Development Finance Corporation Ltd 2.60 ICICI Bank Ltd 1.90 Axis Bank Ltd 1.67 State Bank of India 1.09 Yes Bank Ltd 0.69 Bajaj Finance Ltd 0.22 Canara Bank 0.18 Kotak Mahindra Bank Ltd 0.67


Exide Life Growth Fund


Sector %Equity




IT

METALS &MINING

TELECOM


MISCELLANEOUS

HEALTHCARE

AAA 10.40% Reliance Ports And Terminals Limited 18-07-2021 1.55


AA+ 9.85% Sundaram Finance Ltd 07-05-2020 0.74

AAA 9.60% GE SHIPPING 10-11- 2019 1.20

AAA 9.70% HDFC 07-06-2017 0.36

AAA 0.00% HDFC Ltd. 14-Jun-2016 1.02

AAA 9.95% State Bank of India 16-Mar-2026 (Call - 16-Mar-2021) 0.75

AAA 9.02 REC 18-June-2019 0.09

AAA 8.30% Rural Electrification Corporation Ltd 10-Apr-2025 0.45

AAA 8.40% PFC 19-June-2018 0.16

AAA 8.40% PFC 29-June-2018 0.21

AAA 9.20% State Bank of Hyderabad Perpetual Bond 0.73 AAA 9.15% IL & FS 02-03-2020. 0.73

AA+ 9.20 Bank of Baroda Perpetual Bond 09-10-2019 0.72

AAA 9.05% State Bank of India(Perpetual Bond) (Call 27 Jan 2020) 0.73

AAA 9.18% TATA SONS LTD 23-11-2020 0.60

AAA 9.70% IL & FS 22-Feb-2021 0.60

AAA 9.75% ICICI HOME FINANCE CO. LTD 24-04-2019 0.59

AAA 0.00% NATIONAL HOUSING BANK 24-12-2018 ZCB-UL 0.14

AAA 7.60% HDFC 21-12-2017 s-a 0.56

AAA 9.20% HDFCL 08-10-2017 0.47

AAA 9.66% TATASONS 13-09-2017 0.43

AAA 8.97 PFC Ltd 15-Jan-2018 0.43


AAA 9.30% PGCIL 04-Sep-2024 0.40

AAA 9.30% LIC HOUSING FINANCE LTD 14-09-2022 0.37

AAA 0.00% NABARD BHAVISHYA NIRMAN BOND 01-08-2017 0.46

AAA 0.00 % NABARD 01-01-2018 0.04

AAA 9.19% GE SHIPPING 24-12-2018 0.29

AAA 9.47% PGCIL 31-03-2023 0.24

AAA 8.76% PFC 07-Nov-2019 0.17

AAA 9.55% HDFC 19-06-2017 0.33

AAA 8.93% PGCIL 20-OCT-2029 0.22


AAA 10.85% REC 14-08-2018 0.15

AAA 10.60% IRFC 11-09-2018 0.10

AAA 9.07% REC 28-02-2018 0.24

Total 17.95

Others 2.72


SOVEREIGN 9.23 GOI 23-12-2043 3.06

" 8.60% GOI 02-June-2028 0.24

" 7.73% Gol Sec 19-12-2034 3.82

" 8.26% GoI Sec 02-08-2027 1.97

" 7.59% G-Sec 20-Mar-2029 2.24

" 7.95% GoI Sec 28-08-2032 1.42

" 8.83% Gsec 25-NOV-2023 0.14

" 7.35% GoI SEC 22-06-2024 2.61

" 8.17% G Sec 01-Dec-2044 1.38

" 8.28% GOI 21-09-2027 0.17

" 8.24% Gsec 10-Nov-2033 1.08

" 8.32% GOI SEC 02-08-2032 0.73

" 8.27% GOI Sec 09-June-2020 0.43

" 8.27% Gujarat SDL 13-Jan-2026 0.14

" 9.20 G Sec 30- Sept-2030 0.62

" 182 Day T Bill 22-April-2016 0.07

" 364 Day T Bill 14-Apr-2016 0.14

“ 8.15 GOI Security 24-11-2026 0.76

“ 8.58 % GSEC SDL(Uttarkhand) 13-04-2020 0.05

" 8.67 Maharashtra SDL 24 Feb 2026 0.05

" 7.68 G-Sec 15-Dec-2023 1.09

" 8.97% GOI 05-Dec-2030. 0.71

" 8.24% GoI Sec 15-02-2027 0.40

" 8.13 % GOI 22-Jun-2045 3.71

" 7.83 GSEC 11-Apr-2018 0.20

" 8.53 % GSEC SDL(Assam)24-02-2020 0.13

" 8.58 GUJARAT SDL 23-JAN-2023 0.07

" 6.01% GoI Sec 25-03-2028 0.00

" 8.45%GSEC SDL J&K 14-03-2017 0.01

Total 27.43

Bank of Baroda 0.30 Indusind Bank Ltd 0.93 0.19 IDFC Bank Ltd 0.39 I D B I Bank Ltd 0.09 Shriram Transport Fin Company Ltd 0.37 City Union Bank Ltd 0.17 Punjab National Bank 0.05 Hathway Cable & Datacom Ltd 0.46 Zee Entertainment Enterprises Ltd 0.65 Sintex Industries Ltd 0.22 Voltas Ltd 0.17 Grasim Industries Ltd 0.31 Indian Hotel Company Ltd 0.24 DISH TV India Ltd 0.21 HSIL Ltd 0.08 Adani Port & Sez Ltd 0.20 UPL Ltd 0.16 Larsen & Toubro Ltd 1.65 Mahindra Cie Automotive Ltd 0.30 Bosch Ltd 0.19 Texmaco Rail & Engineering Ltd 0.20 Bharat Heavy Electricals Ltd 0.20 VA Tech Wabag Ltd 0.17 Beml Ltd 0.22 Ncc Ltd 0.11 Ashoka Buildcon Ltd 0.30 Infosys Ltd 3.99 Tata Consultancy Services Ltd 1.63 Bharat Electronics Ltd 0.36 MindTree Ltd 0.12 Hcl Technologies Ltd 0.75 Wipro Ltd 0.37 Tech Mahindra Ltd 0.24 Coal India Ltd 0.64 Vedanta Ltd 0.30 JSW Steel Ltd 0.21 KEC International Ltd 0.15 Tata Steel Ltd 0.23 Jindal Steel & Power Ltd 0.11 Hindalco Industries Ltd 0.07 National Aluminium Co. Ltd 0.24 Sun Pharmaceutical Industries Ltd 1.54 Dr. Reddys Lab Ltd 0.36 Lupin Ltd 0.59 Cipla Ltd 0.25 Glenmark Pharmaceuticals Ltd 0.26 Alembic Pharmaceuticals Ltd 0.26 Bharti Airtel Ltd 0.40 Tata Communications Ltd 0.13 Idea Cellular Ltd 0.09

Total 51.90

Exide Life Guaranteed Growth Fund

Fund ReturnPeriod

Returns are compounded annualised and net of charges.

Fund Performance

One year 5.49%

Three Years 8.06%

Five Years 7.82%

Since inception 7.10%

Fund Objective: The fund seeks to achieve long term moderate capital growth while meeting guarantees provided, through an investment mix of upto 40% equity and the balance in high quality bonds and money market instruments.

Launch Date: January 30, 2008




Sector Allocation


Asset Allocation

Others 3%




IT 18.15

Oil & Gas 10.88

Consumer Product 9.58

Auto 9.20

Health Care 5.10

Industrial Manufacturing-Construction & Infra 4.76

Power 2.87


Miscellaneous 2.19

Cement 1.43


Movement of NAV


AAA 100%



AUTO Tata Motors Ltd 0.23 Mahindra & Mahindra Ltd 0.21 Maruti Suzuki India Ltd 0.16 Hero Motocorp Ltd 0.13 Bajaj Auto Ltd 0.12CEMENT Ambuja Cements Ltd 0.08 Acc Ltd 0.05CONSUMER ITC Ltd 0.66 Hindustan Unilever Ltd 0.22 OIL & GAS Reliance Industries Ltd 0.60 Oil & Natural Gas Corporation Ltd 0.17 Bharat Petroleum Corporation Ltd 0.13 Gail (India) Ltd 0.06 Cairn India Ltd 0.03 POWER Power Grid Corpn. Of India Ltd 0.11 Ntpc Ltd 0.10 Tata Power Co. Ltd 0.05 HDFC Bank Ltd 0.82 Housing Development Finance Corporation Ltd 0.63 ICICI Bank Ltd 0.49 Axis Bank Ltd 0.27 State Bank of India 0.22 Kotak Mahindra Bank Ltd 0.21 Indusind Bank Ltd 0.15 Yes Bank Ltd 0.09 Punjab National Bank 0.04 Larsen & Toubro Ltd 0.32 Bosch Ltd 0.07 Bharat Heavy Electricals Ltd 0.04IT Infosys Ltd 0.85 Tata Consultancy Services Ltd 0.51 Hcl Technologies Ltd 0.17 Wipro Ltd 0.13 Tata Steel Ltd 0.07 Hindalco Industries Ltd 0.03 Vedanta Ltd 0.01 Grasim Industries Ltd 0.13 Zee Entertainment Enterprises Ltd 0.07


8.00

9.00

10.00

11.00

12.00

13.00

14.00

15.00

16.00

17.00

18.00

Jan-08

Aug-08

Mar-09

Oct-09

May-10

Dec-10

Jul-11

Feb-12

Sep-12

Apr-13

Nov-13

Jun-14

Jan-15

Aug-15

Mar-16

INDUSTRIALMANUFACTURINGCONSTRUCTION & INFRA

METALS &MINING

MISCELLANEOUS

Exide Life Guaranteed Growth Fund


EquitySector %


SOVEREIGN 7.83 GSEC 11-Apr-2018 14.99 Total 14.99

Sun Pharmaceutical Industries Ltd 0.24 Dr. Reddys Lab Ltd 0.14 Cipla Ltd 0.08 TELECOM Bharti Airtel Ltd 0.18 Idea Cellular Ltd 0.04 Total 9.10


HEALTHCARE

AAA 0.00% NATIONAL HOUSING BANK 24-12-2018 ZCB-UL 9.38

AAA 10.60% IRFC 11-09-2018 9.19


AAA 9.47% PGCIL 31-03-2023 9.29


AAA 11.00% IOC 10-09-2018 9.21

AAA 8.97 PFC Ltd 15-Jan-2018 8.36

AAA 9.07% REC 28-02-2018 4.61

AAA 10.85% REC 14-08-2018 4.36

AAA 0.00 % NABARD 01-01-2018 0.12 Total 72.95

Others 2.96

Exide Life Equity Fund

Benchmark*Period Fund Return

Returns are compounded annualised and net of charges. * Benchmark : CNX Nifty (100%)

Fund Performance

One year -8.52% -8.86%




Movement of NAV

Fund Objective: The fund seeks to achieve long term accelerated capital growth through a portfolio of equities.

Launch Date: February 16, 2006



%

Sector Allocation


IT 16.40

Oil & Gas 12.09

Auto 9.67

Health Care 8.52


Miscellaneous 7.43




Power 1.14

Cement 1.11



AUTO Tata Motors Ltd 3.07 Maruti Suzuki India Ltd 1.09 Mahindra & Mahindra Ltd 0.82 Tvs Motor Company Ltd 0.30 Exide Industries Ltd 1.02 Eicher Motors Ltd 0.38 Motherson Sumi Systems Ltd 0.63 Hero Motocorp Ltd 0.54 Bajaj Auto Ltd 0.47 BHARAT FORGE LTD 0.73 CEMENT Ultratech Cement Ltd 0.60 Ambuja Cements Ltd 0.28 Acc Ltd 0.16CONSUMER ITC Ltd 3.05 Hindustan Unilever Ltd 2.06 Colgate Palmolive India Ltd 0.91 Asian Paints Ltd 1.53 Britannia Industries Ltd 0.39OIL & GAS Reliance Industries Ltd 5.92 Oil & Natural Gas Corporation Ltd 1.97 Indraprastha Gas Ltd 0.30 Hindustan Petroleum Corporation Ltd 0.93 Chennai Petroleum Corporation Ltd 0.92 Bharat Petroleum Corporation Ltd 0.36 Gail (India) Ltd 0.79 Cairn India Ltd 0.13POWER Power Grid Corpn. Of India Ltd 0.44 Ntpc Ltd 0.44 Tata Power Co. Ltd 0.18 ICICI Bank Ltd 3.23 Housing Development Finance Corporation Ltd 4.29 HDFC Bank Ltd 5.54 Axis Bank Ltd 2.28 State Bank of India 2.02 Rural Elec Corp. Ltd 0.63 Kotak Mahindra Bank Ltd 1.66 L I C Housing Finance Ltd 0.84 Yes Bank Ltd 1.52 Indusind Bank Ltd 2.15 Bank of Baroda 0.19 City Union Bank Ltd 0.31 Punjab National Bank 0.09 0.18

Asset Allocation

Others 6%

Equity-stocks from

Nifty50 76%

Equity Sector Allocation

8.00

10.00

12.00

14.00

16.00

18.00

20.00

22.00

24.00

26.00

28.00

Feb-06

Jan-07

Dec-07

Nov-08

Oct-09

Sep-10

Aug-11

Jul-12

Jun-13

May-14

Apr-15

Mar-16




Exide Life Equity Fund


EquitySector %

Zee Entertainment Enterprises Ltd 1.24 Hathway Cable & Datacom Ltd 0.87 Jet Airways (India) Ltd. 0.15 InterGlobe Aviation Ltd 0.53 Voltas Ltd 0.91 HSIL Ltd 0.24 Redington (India) Ltd 0.43 Sintex Industries Ltd 0.31 UPL Ltd 0.78 Grasim Industries Ltd 0.38 Adani Port & Sez Ltd 1.11 Larsen & Toubro Ltd 2.74 Beml Ltd 0.19 Texmaco Rail & Engineering Ltd 0.24 Ashoka Buildcon Ltd 0.28 Bosch Ltd 0.30 Bharat Heavy Electricals Ltd 0.10 Infosys Ltd 7.58 Tata Consultancy Services Ltd 3.00 MindTree Ltd 0.49 Bharat Electronics Ltd 0.28 Hcl Technologies Ltd 1.39 Tech Mahindra Ltd 1.08 Wipro Ltd 1.53 Sun Pharmaceutical Industries Ltd 3.09 Aurobindo Pharma Ltd 0.70 Lupin Ltd 0.88 Glenmark Pharmaceuticals Ltd 0.61 Alembic Pharmaceuticals Ltd 0.85 Jubilant Life Sciences Ltd 0.68 Dr. Reddys Lab Ltd 0.72 Cipla Ltd 0.45 Coal India Ltd 1.08 Vedanta Ltd 0.16 Tata Steel Ltd 0.26 KEC International Ltd 0.77 Hindalco Industries Ltd 0.19 Bharti Airtel Ltd 0.72 Idea Cellular Ltd 0.94 Total 93.60 Others 6.40

MISCELLANEOUS


IT

HEALTHCARE

METALS &MINING

TELECOM

Fund Return

Exide Life Guaranteed NAV Fund

Period

Returns are compounded annualised and net of charges.

Fund Performance

One year -2.32%

Three Years 8.09%

Five Years 6.03%

Since inception 5.30%

Movement of NAV

Fund Objective: The Fund is a simple two-asset product that invests in risk-free money-market assets as well as in equity assets. The investor benefits through continuous participation in equity market returns and simultaneous downside protection to the extent of 80% of highest-attained NAV.

Launch Date: December 22, 2010


Guaranteed NAV as on 31st March 2015: ̀ 11.1152


%

Sector Allocation


IT 17.91

Consumer Product 10.85

Oil & Gas 9.94

Auto 9.50

Health Care 6.36


Miscellaneous 2.55

Power 2.27


Cement 2.12





Asset Allocation

Gsec 39% Equity-stocks from

Nifty50 40%

Others 21%



AAA 100%

9.00

10.00

11.00

12.00

13.00

14.00

15.00

16.00

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

Mar-15

Jun-15

Sep-15

Dec-15

Mar-16


AUTO Tata Motors Ltd 1.09 Mahindra & Mahindra Ltd 0.88 Maruti Suzuki India Ltd 0.77 Bajaj Auto Ltd 0.51 Hero Motocorp Ltd 0.53

CEMENT Ultratech Cement Ltd 0.36 Ambuja Cements Ltd 0.28 Acc Ltd 0.21

CONSUMER ITC Ltd 2.73 Hindustan Unilever Ltd 0.95 Asian Paints Ltd 0.62

OIL & GAS Reliance Industries Ltd 2.58 Oil & Natural Gas Corporation Ltd 0.60 Bharat Petroleum Corporation Ltd 0.37 Gail (India) Ltd 0.25 Cairn India Ltd 0.14

POWER Power Grid Corpn. Of India Ltd 0.44 Ntpc Ltd 0.27 Tata Power Co. Ltd 0.19

Housing Development Finance Corporation Ltd 2.64

HDFC Bank Ltd 2.99

ICICI Bank Ltd 2.04

Axis Bank Ltd 1.10

State Bank of India 0.80

Kotak Mahindra Bank Ltd 0.81

Indusind Bank Ltd 0.63

Yes Bank Ltd 0.35

Bank of Baroda 0.22

Punjab National Bank 0.09


Bosch Ltd 0.30


Infosys Ltd 3.48



Wipro Ltd 0.57


INDUSTRIALMANUFACTURING-CONSTRUCTION & INFRA

IT

Exide Life Guaranteed NAV Fund



SOVEREIGN 182 Day T Bill 22-April-2016 2.34

" T Bill 28-July-2016 2.30

" 364 Day T Bill 01-Sep-2016 4.57

" 364 Day T Bill 08-Dec-2016 2.24

" 364 Day T Bill 13-Oct-2016 6.35

" 364 Day T Bill 14-Apr-2016 1.41

" 364 Day T Bill 18-Aug-2016 5.50

" 364 Day T Bill 23-June-2016 11.59

" 91 Day T Bill 12-May-2016 3.27

Total 39.57

Others 20.74

Coal India Ltd 0.29

Tata Steel Ltd 0.34


Vedanta Ltd 0.06






Lupin Ltd 0.53

Cipla Ltd 0.41



Total 39.69

EquitySector %

MISCELLANEOUS

TELECOM

METALS & MINING

HEALTHCARE

Exide Life Active Asset Allocation Fund

Fund Objective: The fund seeks provide long term capital appreciation in a risk controlled manner by making clear and dynamic asset allocation choices as between Equities and Bonds.




%

Sector Allocation


Asset Allocation

Corporate Debt 5%

Others 7%Equity-stocks fromNifty50 41%


IT 19.01

Oil & Gas 11.83


Auto 8.47

Health Care 7.99

Miscellaneous 7.02




Power 1.12

Cement 0.91


AAA 96.45%

Movement of NAV


Returns are compounded annualised and net of charges. * Benchmark : Crisil Composite Bond Index (50%) and CNX Nifty (50%)

Fund Performance

One year -5.60% -0.31%






AUTO Tata Motors Ltd 1.68 Maruti Suzuki India Ltd 0.58 Mahindra & Mahindra Ltd 0.34 Eicher Motors Ltd 0.23 Tvs Motor Company Ltd 0.15 Motherson Sumi Systems Ltd 0.36 Hero Motocorp Ltd 0.30 Bajaj Auto Ltd 0.21 BHARAT FORGE LTD 0.39

CEMENT Ultratech Cement Ltd 0.37 Acc Ltd 0.05 Ambuja Cements Ltd 0.04

CONSUMER ITC Ltd 1.90 Hindustan Unilever Ltd 1.08 Colgate Palmolive India Ltd 0.43 Asian Paints Ltd 0.60 Britannia Industries Ltd 0.26

OIL & GAS Reliance Industries Ltd 2.94 Oil & Natural Gas Corporation Ltd 1.08 Chennai Petroleum Corporation Ltd 0.52 Hindustan Petroleum Corporation Ltd 0.46 Bharat Petroleum Corporation Ltd 0.25 Indraprastha Gas Ltd 0.19 Gail (India) Ltd 0.43 Cairn India Ltd 0.04

POWER Power Grid Corpn. Of India Ltd 0.29 Ntpc Ltd 0.18 Tata Power Co. Ltd 0.08

ICICI Bank Ltd 1.78

Housing Development Finance Corporation Ltd 1.93

Axis Bank Ltd 1.44

HDFC Bank Ltd 2.98

State Bank of India 0.93

Kotak Mahindra Bank Ltd 1.01

L I C Housing Finance Ltd 0.56

Rural Elec Corp. Ltd 0.47

Indusind Bank Ltd 1.37

Yes Bank Ltd 0.79

Punjab National Bank 0.03


AA- 3.55%

9.00

10.00

11.00

12.00

13.00

14.00

15.00

16.00

Jan-11

Mar-11

May-11

Jul-11

Sep-11

Nov-11

Jan-12

Mar-12

May-12

Jul-12

Sep-12

Nov-12

Jan-13

Mar-13

May-13

Jul-13

Sep-13

Nov-13

Jan-14

Mar-14

May-14

Jul-14

Sep-14

Nov-14

Jan-15

Mar-15

May-15

Jul-15

Sep-15

Nov-15

Jan-16

Mar-16

Equity-NonNifty50 9% Gsec 38%

FINANCIALSERVICES (Incl: Infrastructure Finance)

Exide Life Active Asset Allocation Fund


EquitySector %



AAA 9.30% PGCIL 04-Sep-2024 1.69


AAA 8.93% PGCIL 20-OCT-2029 0.84

AAA 8.76% PFC 07-Nov-2019 0.82


Total 4.56

Others 7.54

Infrastructure Development Finance Company Ltd INDUSTRIALMANUFACTURING-CONSTRUCTION & INFRA

IT

METALS & MINING

Bank of Baroda 0.05

City Union Bank Ltd 0.08

0.11


Texmaco Rail & Engineering Ltd 0.10

Ashoka Buildcon Ltd 0.16

Beml Ltd 0.12

Bosch Ltd 0.12


Infosys Ltd 4.93


Bharat Electronics Ltd 0.16

MindTree Ltd 0.25



Wipro Ltd 0.83

Coal India Ltd 0.47

Vedanta Ltd 0.03

KEC International Ltd 0.43


Tata Steel Ltd 0.15


Alembic Pharmaceuticals Ltd 0.46

Aurobindo Pharma Ltd 0.38

Cipla Ltd 0.14

Glenmark Pharmaceuticals Ltd 0.31

Jubilant Life Sciences Ltd 0.35


Lupin Ltd 0.50


Jet Airways (India) Ltd 0.10

HSIL Ltd 0.16

InterGlobe Aviation Ltd 0.31

Voltas Ltd 0.52

Redington (India) Ltd 0.29

Sintex Industries Ltd 0.25

UPL Ltd 0.42





Total 49.96

HEALTHCARE

MISCELLANEOUS

TELECOM

SOVEREIGN 8.13 % GOI 22-Jun-2045 4.09

" 8.17% G Sec 01-Dec-2044 8.61

" 8.15 GOI Security 24-11-2026 2.46

" 7.35% GoI SEC 22-06-2024 10.94

" 8.83% Gsec 25-NOV-2023 0.34

" 7.73% Gol Sec 19-12-2034 1.42

" 9.20 G Sec 30- Sept-2030 1.77

“ 8.27% Gujarat SDL 13-Jan-2026 1.61

" 8.40% GOI 28-July-2024 3.32

" 8.60% GOI 02-June-2028 1.61

" 8.28% GOI 21-09-2027 1.07

" 7.59% G-Sec 20-Mar-2029 0.71

Total 37.94






%

Sector Allocation


IT 16.42

Oil & Gas 12.26

Auto 9.21

Health Care 8.79


Miscellaneous 6.82

Industrial Manufacturing-construction & Infra 4.19



Cement 1.23

Power 1.19



Fund Performance

One year -8.16% -8.86%




Movement of NAV



Asset Allocation

Equity-Non

Nifty50 16%


8.00

9.00

10.00

11.00

12.00

13.00

14.00

15.00

16.00

17.00

18.00

Jan-10

Mar-10

May-10

Jul-10

Sep-10

Nov-10

Jan-11

Mar-11

May-11

Jul-11

Sep-11

Nov-11

Jan-12

Mar-12

May-12

Jul-12

Sep-12

Nov-12

Jan-13

Mar-13

May-13

Jul-13

Sep-13

Nov-13

Jan-14

Mar-14

May-14

Jul-14

Sep-14

Nov-14

Jan-15

Mar-15

May-15

Jul-15

Sep-15

Nov-15

Jan-16

Mar-16

Others 7%



AUTO Tata Motors Ltd 3.20 Maruti Suzuki India Ltd 1.08 Eicher Motors Ltd 0.33 Motherson Sumi Systems Ltd 0.62 Tvs Motor Company Ltd 0.30 Mahindra & Mahindra Ltd 0.96 Hero Motocorp Ltd 0.62 Bajaj Auto Ltd 0.57 BHARAT FORGE LTD 0.86 CEMENT Ultratech Cement Ltd 0.60 Ambuja Cements Ltd 0.32 Acc Ltd 0.23 CONSUMER ITC Ltd 3.17 Hindustan Unilever Ltd 2.06 Colgate Palmolive India Ltd 0.91 Asian Paints Ltd 1.52 Britannia Industries Ltd 0.39 OIL & GAS Reliance Industries Ltd 5.85 Oil & Natural Gas Corporation Ltd 1.95 Chennai Petroleum Corporation Ltd 0.91 Hindustan Petroleum Corporation Ltd 0.92 Bharat Petroleum Corporation Ltd 0.46 Indraprastha Gas Ltd 0.30 Gail (India) Ltd 0.83 Cairn India Ltd 0.15 POWER Power Grid Corpn. Of India Ltd 0.55 Ntpc Ltd 0.34 Tata Power Co. Ltd 0.21 ICICI Bank Ltd 3.21 HDFC Bank Ltd 5.48 Housing Development Finance Corporation Ltd 4.27 Axis Bank Ltd 2.26 State Bank of India 2.11 Kotak Mahindra Bank Ltd 1.59 Rural Elec Corp. Ltd 0.62 Yes Bank Ltd 1.46 L I C Housing Finance Ltd 0.86 Indusind Bank Ltd 2.14 Bank of Baroda 0.19 City Union Bank Ltd 0.25 Punjab National Bank 0.11 0.25




EquitySector %

Zee Entertainment Enterprises Ltd 1.24 Jet Airways (India) Ltd 0.17 Redington (India) Ltd 0.42 InterGlobe Aviation Ltd 0.53 HSIL Ltd 0.23 Voltas Ltd 0.91 Sintex Industries Ltd 0.35 Grasim Industries Ltd 0.40 UPL Ltd 0.99 Adani Port & Sez Ltd 1.11 Larsen & Toubro Ltd 2.72 Beml Ltd 0.24 Texmaco Rail & Engineering Ltd 0.23 Ashoka Buildcon Ltd 0.28 Bosch Ltd 0.32 Bharat Heavy Electricals Ltd 0.10 Infosys Ltd 7.51 Tata Consultancy Services Ltd 2.98 Bharat Electronics Ltd 0.28 MindTree Ltd 0.49 Hcl Technologies Ltd 1.38 Tech Mahindra Ltd 1.08 Wipro Ltd 1.52 Coal India Ltd 1.07 Vedanta Ltd 0.20 KEC International Ltd 0.80 Tata Steel Ltd 0.26 Hindalco Industries Ltd 0.20 Sun Pharmaceutical Industries Ltd 3.12 Alembic Pharmaceuticals Ltd 0.86 Glenmark Pharmaceuticals Ltd 0.61 Aurobindo Pharma Ltd 0.69 Jubilant Life Sciences Ltd 0.73 Lupin Ltd 0.97 Dr. Reddys Lab Ltd 0.75 Cipla Ltd 0.41 Bharti Airtel Ltd 0.70 Idea Cellular Ltd 0.94 Total 92.76 Others 7.24

MISCELLANEOUS

INDUSTRIALMANUFACTURING-CONSTRUCTION &INFRA

IT

METALS & MINING

HEALTH CARE

TELECOM


Fund Objective: The fund seeks to generate income by investing in a diversified portfolio of debt and money market instruments of varying maturities.





Asset Allocation

Others 3%


Portfolio Holdings


AAA 100%


Returns are compounded annualised and net of charges.* Benchmark : Crisil Composite Bond Index (100%)

Fund Performance

One year 7.38% 8.24%




Movement of NAV



SOVEREIGN 10.25% GoI Sec30-05-2021 0.02

" 12.30% GoI Sec 02-07-2016 0.01

" 12.60% GoI Sec 23-11-2018 0.02

" 5.69% GoI Sec 25-09-2018 0.03

" 6.17% GoI Sec 12-06-2023 0.02

" 6.30% GoI Sec 09-04-2023 0.02

" 7.35% GoI SEC 22-06-2024 11.09

" 7.68 G-Sec 15-Dec-2023 6.15

" 7.40% GoI Sec 09-09-2035 0.03

" 7.46% GSEC 2017 0.01

" 8.46% Gujarat SDL 10-Feb-2026 0.76

" 7.59% G-Sec 20-Mar-2029 10.81

" 7.73% Gol Sec 19-12-2034 7.32

" 7.95% GoI Sec 28-08-2032 0.02

" 8.13 % GOI 22-Jun-2045 11.58

" 8.15 GOI Security 24-11-2026 0.25

" 8.15% GoI FOOD BOND 16-10-2022 0.02

" 8.17% G Sec 01-Dec-2044 4.35

" 9.20 G Sec 30- Sept-2030 4.80

" 8.23% Goi Sec 12-02-2027 (Food Bond) 0.04

" 8.24% GoI Sec 15-02-2027 1.06

" 8.24% Gsec 10-Nov-2033 2.80

" 8.27% GOI Sec 09-June-2020 5.56

“ 8.30% GOI Fert Bond 2023 0.01

" 7.72% GSec 25-May-2025 2.44

" 8.40% GOI 28-July-2024 1.48

" 8.45%GSEC SDL J&K 14-03-2017 0.21


" 8.12% Gsec 10-Dec-2020 2.17

" 9.23 GOI 23-12-2043 1.14

Total 74.61

10.00

11.00

12.00

13.00

14.00

15.00

16.00

17.00

18.00

19.00

Jan-10

Mar-10

May-10

Jul-10

Sep-10

Nov-10

Jan-11

Mar-11

May-11

Jul-11

Sep-11

Nov-11

Jan-12

Mar-12

May-12

Jul-12

Sep-12

Nov-12

Jan-13

Mar-13

May-13

Jul-13

Sep-13

Nov-13

Jan-14

Mar-14

May-14

Jul-14

Sep-14

Nov-14

Jan-15

Mar-15

May-15

Jul-15

Sep-15

Nov-15

Jan-16

Mar-16





AAA 8.90% PGC 25-02- 2017 1.20


AAA 9.07% REC 28-02-2018 2.37

AAA 9.20% HDFCL 08-10-2017 0.75

AAA 8.17% PFC 18-Aug-2018 2.44

AAA 8.40% PFC 19-June-2018 3.20

AAA 8.40% PFC 29-June-2018 0.53


AAA 9.55% HDFC 19-06-2017 1.83

AAA 9.60% GE SHIPPING 10-11- 2019 0.45

AAA 9.66% TATASONS 13-09-2017 0.86

AAA 9.70% HDFC 07-06-2017 2.70


AAA 0.00 % NABARD 01-01-2018 0.18

Total 22.14

Others 3.25

Exide Life Pension Prime Equity Fund





%

Sector Allocation



Fund Performance

One year -8.25% -8.86%




Movement of NAV

Asset Allocation

Others 5%Equity-Non Nifty50 16%



AUTO Tata Motors Ltd 3.21 Mahindra & Mahindra Ltd 0.85 Tvs Motor Company Ltd 0.30 Motherson Sumi Systems Ltd 0.63 Eicher Motors Ltd 0.34 Maruti Suzuki India Ltd 1.11 Bajaj Auto Ltd 0.60 Hero Motocorp Ltd 0.63 BHARAT FORGE LTD 0.75 CEMENT Ultratech Cement Ltd 0.65 Acc Ltd 0.23 Ambuja Cements Ltd 0.31 CONSUMER ITC Ltd. 3.29 Hindustan Unilever Ltd 2.18 Colgate Palmolive India Ltd 0.91 Asian Paints Ltd 1.57 Britannia Industries Ltd 0.45 OIL & GAS Reliance Industries Ltd 6.15 Oil & Natural Gas Corporation Ltd 2.02 Indraprastha Gas Ltd 0.31 Hindustan Petroleum Corporation Ltd 0.93 Chennai Petroleum Corporation Ltd 0.95 Bharat Petroleum Corporation Ltd 0.52 Gail (India) Ltd 0.86 Cairn India Ltd 0.16 POWER Power Grid Corpn. Of India Ltd 0.57 Ntpc Ltd 0.44 Tata Power Co. Ltd 0.21 HDFC Bank Ltd 5.54 ICICI Bank Ltd 3.42 Housing Development Finance Corporation Ltd 4.21 Axis Bank Ltd 2.37 Rural Elec Corp. Ltd 0.65 L I C Housing Finance Ltd 0.60 State Bank of India 2.30 Kotak Mahindra Bank Ltd 1.65 Yes Bank Ltd 1.51 Indusind Bank Ltd 2.03 Bank of Baroda 0.20 City Union Bank Ltd 0.38



IT 16.60

Oil & Gas 12.46

Health Care 8.90

Auto 8.80


Miscellaneous 6.73




Power 1.27

Cement 1.25

8.00

9.00

10.00

11.00

12.00

13.00

14.00

15.00

16.00

Jan-10

Mar-10

May-10

Jul-10

Sep-10

Nov-10

Jan-11

Mar-11

May-11

Jul-11

Sep-11

Nov-11

Jan-12

Mar-12

May-12

Jul-12

Sep-12

Nov-12

Jan-13

Mar-13

May-13

Jul-13

Sep-13

Nov-13

Jan-14

Mar-14

May-14

Jul-14

Sep-14

Nov-14

Jan-15

Mar-15

May-15

Jul-15

Sep-15

Nov-15

Jan-16

Mar-16

Equity-stocks from

Nifty50 79%


Exide Life Pension Prime Equity Fund


EquitySector %

Punjab National Bank 0.12 0.18 Zee Entertainment Enterprises Ltd 1.35 Jet Airways (India) Ltd 0.15 Redington (India) Ltd 0.44 InterGlobe Aviation Ltd 0.55 HSIL Ltd 0.25 Voltas Ltd 0.94 Grasim Industries Ltd 0.43 Adani Port & Sez Ltd 1.14 Sintex Industries Ltd 0.37 UPL Ltd 0.80 Larsen & Toubro Ltd 2.87 Bosch Ltd 0.33 Beml Ltd 0.31 Ashoka Buildcon Ltd 0.29 Texmaco Rail & Engineering Ltd 0.25 Bharat Heavy Electricals Ltd 0.09 Infosys Ltd 7.77 Bharat Electronics Ltd 0.29 Tata Consultancy Services Ltd 3.10 MindTree Ltd 0.49 Hcl Technologies Ltd 1.39 Tech Mahindra Ltd 1.18 Wipro Ltd 1.65 Coal India Ltd 1.14 Vedanta Ltd 0.19 KEC International Ltd 0.88 Tata Steel Ltd 0.27 Hindalco Industries Ltd 0.20 Sun Pharmaceutical Industries Ltd 3.30 Aurobindo Pharma Ltd 0.72 Alembic Pharmaceuticals Ltd 0.90 Glenmark Pharmaceuticals Ltd 0.61 Jubilant Life Sciences Ltd 0.73 Dr. Reddys Lab Ltd 0.80 Lupin Ltd 0.98 Cipla Ltd 0.46 Bharti Airtel Ltd 0.74 Idea Cellular Ltd 0.95 Total 95.58 Others 4.42


MISCELLANEOUS

INDUSTRIALMANUFACTURING-CONSTRUCTION &INFRA

IT

METALS & MINING

HEALTH CARE

TELECOM

Exide Life Pension Preserver Fund

Fund Objective: The fund seeks to generate income by investing in a diversified portfolio of debt and money market instruments of varying maturities.


Net Asset Value (NAV) as on 31st March 2016: ̀ 18



AAA 100%


Returns are compounded annualised and net of charges.*Benchmark : Crisil Composite Bond Index (100%)

Fund Performance

One year 7.36% 8.24%




Movement of NAV


Asset Allocation

Others 3%

Corporate Debt 18%

Gsec 79%

Portfolio Holdings





AAA 9.02 REC 18-June-2019 1.05

AAA 9.20% HDFCL 08-10-2017 1.73

AAA 9.55% HDFC 19-06-2017 3.47

AAA 8.17% PFC 18-Aug-2018 2.74

AAA 8.40% PFC 29-June-2018 3.09

AA 9.60% GE SHIPPING 10-11- 2019 2.15

AAA 9.66% TATASONS 13-09-2017 3.14

Total 17.73

Others 2.85

SOVEREIGN 10.25% GoI Sec30-05-2021 0.06

" 12.30% GoI Sec 02-07-2016 0.03

" 12.60% GoI Sec 23-11-2018 0.08

" 5.69% GoI Sec 25-09-2018 0.08

" 6.01% GoI Sec 25-03-2028 0.06

" 6.17% GoI Sec 12-06-2023 0.07

" 6.30% GoI Sec 09-04-2023 0.08

" 7.35% GoI SEC 22-06-2024 11.36

" 7.40% GoI Sec 09-09-2035 0.10

" 7.46% GSEC 2017 0.03

" 7.59% G-Sec 20-Mar-2029 7.61

" 7.68 G-Sec 15-Dec-2023 7.52

" 7.72% GSec 25-May-2025 2.74

" 7.73% Gol Sec 19-12-2034 0.67

" 7.95% GoI Sec 28-08-2032 0.07

" 8.12% Gsec 10-Dec-2020 3.49

" 8.13 % GOI 22-Jun-2045 3.85

" 8.15 GOI Security 24-11-2026 1.96

" 8.15% GoI FOOD BOND 16-10-2022 0.05

" 8.17% G Sec 01-Dec-2044 13.84

" 8.23% Goi Sec 12-02-2027 (Food Bond) 0.12

" 8.24% GoI Sec 15-02-2027 0.18

“ 8.24% Gsec 10-Nov-2033 5.61

" 8.27% GOI Sec 09-June-2020 6.85

" 8.30% GOI Fert Bond 2023 0.03

" 8.46% Gujarat SDL 10-Feb-2026 1.15

" 8.47% Maharashtra SDL 10-02-2026 1.99


" 8.60% GOI 02-June-2028 3.43

" 8.67 Maharashtra SDL 24 Feb 2026 1.06

" 9.20 G Sec 30- Sept-2030 4.91

Total 79.42

10.00

11.00

12.00

13.00

14.00

15.00

16.00

17.00

18.00

19.00

20.00

Jan-10

Mar-10

May-10

Jul-10

Sep-10

Nov-10

Jan-11

Mar-11

May-11

Jul-11

Sep-11

Nov-11

Jan-12

Mar-12

May-12

Jul-12

Sep-12

Nov-12

Jan-13

Mar-13

May-13

Jul-13

Sep-13

Nov-13

Jan-14

Mar-14

May-14

Jul-14

Sep-14

Nov-14

Jan-15

Mar-15

May-15

Jul-15

Sep-15

Nov-15

Jan-16

Mar-16

Exide Life Pension Liquid Fund

Fund Objective: The fund seeks to provide reasonable returns while providing a high level of liquidity and low risk by investing in money market securities.

Launch Date: March, 5, 2008




Returns are compounded annualised and net of charges.* Benchmark : Crisil Liquid Fund Index (100%)

Fund Performance

One year 7.18% 8.06%




Portfolio Holdings

Movement of NAV

Asset Allocation

Others 41%Gsec 59%




SOVEREIGN 364 Day T Bill 01-Sep-2016 25.73

" 364 Day T Bill 08-Dec-2016 33.66 Total 59.39

10.00

11.00

12.00

13.00

14.00

15.00

16.00

17.00

18.00

19.00

Mar-08

Jul-08

Nov-08

Mar-09

Jul-09

Nov-09

Mar-10

Jul-10

Nov-10

Mar-11

Jul-11

Nov-11

Mar-12

Jul-12

Nov-12

Mar-13

Jul-13

Nov-13

Mar-14

Jul-14

Nov-14

Mar-15

Jul-15

Nov-15

Mar-16


AAA 100%

Exide Life Pension Debt Fund

Fund Objective: The fund seeks to generate income through an investment mix of high quality bonds and money market instruments.

Launch Date: March 5, 2008




AAA 100%


Returns are compounded annualised and net of charges.* Benchmark : Crisil Composite Bond Index (100%)

Fund Performance

One year 7.72% 8.24%





Asset Allocation

Others 5%

Corporate Debt 22%

Gsec 73%





AAA 9.02 REC 18-June-2019 6.46

AAA 8.17% PFC 18-Aug-2018 2.46

AAA 8.40% PFC 19-June-2018 0.28

AAA 8.40% PFC 29-June-2018 2.47

AAA 9.18% TATA SONS LTD 23-11-2020 2.54


AAA 9.70% IL & FS 22-Feb-2021 2.89 Total 21.61 Others 4.86

Movement of NAV

Portfolio Holdings

SOVEREIGN 7.35% GoI SEC 22-06-2024 8.67

" 7.59% G-Sec 20-Mar-2029 8.18

" 7.68 G-Sec 15-Dec-2023 5.74

" 7.72% GSec 25-May-2025 2.60

" 7.73% Gol Sec 19-12-2034 0.27

" 8.12% Gsec 10-Dec-2020 2.79

" 8.13 % GOI 22-Jun-2045 16.34

" 8.15 GOI Security 24-11-2026 0.81

" 8.17% G Sec 01-Dec-2044 3.08

" 8.24% GoI Sec 15-02-2027 0.14

" 8.24% Gsec 10-Nov-2033 1.68

" 8.27% GOI Sec 09-June-2020 6.31

" 8.40% GOI 28-July-2024 2.26

" 8.47% Maharashtra SDL 10-02-2026 2.82

" 8.60% GOI 02-June-2028 0.50

" 8.83% Gsec 25-NOV-2023 6.51

" 9.20 G Sec 30- Sept-2030 4.82

Total 73.53 10.00

11.00

12.00

13.00

14.00

15.00

16.00

17.00

18.00

19.00

20.00

21.00

22.00

Mar-08

Jul-08

Nov-08

Mar-09

Jul-09

Nov-09

Mar-10

Jul-10

Nov-10

Mar-11

Jul-11

Nov-11

Mar-12

Jul-12

Nov-12

Mar-13

Jul-13

Nov-13

Mar-14

Jul-14

Nov-14

Mar-15

Jul-15

Nov-15

Mar-16

Exide Life Pension Equity Fund

Movement of NAV


Launch Date: March 5, 2008

Net Asset Value (NAV) as on 31st March 2016:`15.68


%

Sector Allocation


IT 12.96

Oil & Gas 12.13

Auto 9.77


Health Care 8.19

Miscellaneous 6.56




Cement 1.39

Power 1.00



Fund Performance

One year -9.25% -8.86%




Asset Allocation

Equity-stocks from

Nifty50 75%




AUTO Tata Motors Ltd 3.10 Mahindra & Mahindra Ltd 1.93 Exide Industries Ltd 1.20 Maruti Suzuki India Ltd 1.36 BHARAT FORGE LTD 0.74 Hero Motocorp Ltd 0.83 Bajaj Auto Ltd 0.45 CEMENT The Ramco Cements Ltd 0.61 Ultratech Cement Ltd 0.41 Ambuja Cements Ltd 0.20 Acc Ltd 0.15 CONSUMER ITC Ltd 4.17 Hindustan Unilever Ltd 0.84 Asian Paints Ltd 0.52 Colgate Palmolive India Ltd 0.47 Jubilant Foodworks Ltd 0.40 OIL & GAS Reliance Industries Ltd 5.79 Oil & Natural Gas Corporation Ltd 2.66 Chennai Petroleum Corporation Ltd 0.87 Gail (India) Ltd 1.49 Aban Offshore Ltd 0.79 Bharat Petroleum Corporation Ltd 0.21 Cairn India Ltd 0.10 POWER Power Grid Corpn. Of India Ltd 0.49 Ntpc Ltd 0.34 Tata Power Co. Ltd 0.15 ICICI Bank Ltd 4.06 HDFC Bank Ltd 5.05 Housing Development Finance Corporation Ltd 2.98 Axis Bank Ltd 2.51 State Bank of India 1.94 Punjab National Bank 0.99 Bajaj Holding Investment Ltd 0.48 Yes Bank Ltd 1.40 Kotak Mahindra Bank Ltd 1.15 0.53 IDFC Bank Ltd 0.89 Rural Elec Corp. Ltd 0.49 Indusind Bank Ltd 0.75 Union Bank Of India 0.66 Bank of Baroda 1.21


5.00

7.00

9.00

11.00

13.00

15.00

17.00

19.00

Mar-08

Jul-08

Nov-08

Mar-09

Jul-09

Nov-09

Mar-10

Jul-10

Nov-10

Mar-11

Jul-11

Nov-11

Mar-12

Jul-12

Nov-12

Mar-13

Jul-13

Nov-13

Mar-14

Jul-14

Nov-14

Mar-15

Jul-15

Nov-15

Mar-16

Others2%



Exide Life Pension Equity Fund


EquitySector %

Hathway Cable & Datacom Ltd 0.88 Sintex Industries Ltd 0.81 Cox and Kings Ltd 0.52 Aarti Industries Ltd 0.32 Indian Hotel Company Ltd 0.53 Adani Port & Sez Ltd 0.88 Redington (India) Ltd 0.55 Voltas Ltd 0.50 HSIL Ltd 0.90 Grasim Industries Ltd 0.29 Zee Entertainment Enterprises Ltd 0.26 Larsen & Toubro Ltd 4.06 Bharat Heavy Electricals Ltd 1.11 Texmaco Rail & Engineering Ltd 0.59 Bosch Ltd 0.21 Beml Ltd 0.54 Praj Industries Ltd 0.52 VA Tech Wabag Ltd 0.41 Gmr Infrastructure Ltd 0.48 Ncc Ltd 0.87 Infosys Ltd 6.78 Tata Consultancy Services Ltd 1.76 Bharat Electronics Ltd 0.87 Hexaware Technologies Ltd 0.47 MindTree Ltd 0.34 Hcl Technologies Ltd 0.61 Tech Mahindra Ltd 0.38 Wipro Ltd 1.50 Coal India Ltd 1.60 Tata Steel Ltd 1.83 Jindal Steel & Power Ltd 0.30 KEC International Ltd 0.73 Vedanta Ltd 0.13 Hindalco Industries Ltd 0.23 JSW Steel Ltd 0.51 Sun Pharmaceutical Industries Ltd 3.25 Alembic Pharmaceuticals Ltd 0.80 Aurobindo Pharma Ltd 0.84 Dr. Reddys Lab Ltd 0.51 Lupin Ltd 0.48 Jubilant Life Sciences Ltd 0.41 Glenmark Pharmaceuticals Ltd 0.90 Wockhardt Ltd 0.53 Cipla Ltd 0.34 Bharti Airtel Ltd 0.69 Idea Cellular Ltd 0.84 Total 98.19 Others 1.81

MISCELLANEOUS

INDUSTRIALMANUFACTURING-CONSTRUCTION & INFRA

IT

METALS & MINING

HEALTH CARE

TELECOM

Glossary

Net Asset Value (NAV):

It is defined as the value of one unit of the fund. It is calculated by dividing the total value of all the securities held in the fund portfolio,

less any liabilities, by the number of units in the fund. It is calculated once a day based on the closing market prices of the securities in the

fund's portfolio.

Assets under management (AUM):

The market value of financial assets that an investment company manages on behalf of investors.

Portfolio Holdings:

It refers to the contents of an investment portfolio held by an entity. The contents are the financial instruments like stocks, bonds,

government securities, mutual funds, fixed deposits, corporate deposits, etc. that constitute the fund.

Corporate Debt:

A debt security issued by a corporation and sold to investors. The backing for the bond is usually the payment ability of the company,

which is typically money to be earned from future operations.

Government Securities (Gsec):

A debt security issued by a government to raise the funds necessary to pay for its expenses. This includes short-term Treasury bills,

medium-term Treasury notes, and long-term Treasury bonds.

Benchmark Index:

An index that is regarded as a standard and against which the performance of the fund is measured.

1. ULIP plans are different from the traditional insurance products and are subject to risk factors.

2. The premiums paid in ULIP policies are subject to investment risks associated with capital markets and the Unit Price of the Units may go up or down based on performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions.

3 . Exide Life Insurance Company Limited is only the name of the Insurance Company and Exide Life Insurance ULIP products are only the name of the ULIP contract and does not in any way indicate the quality of the contract its future prospects or returns.

4 . Be aware of the associated risks and the applicable charges from your insurance agent or the intermediary or policy document of the insurer.

5 . Investments in ULIPs are subject to market and other risks and there can be no assurance that the objectives of the Unit Linked Funds in the ULIP will be achieved.

6 . Past performance of the Unit Linked Fund and other Funds of the Company is not indicative of future performance of any of these Funds.

7 . The premiums and funds are subject to certain charges related to the fund or to the premiums paid.

8. The names of the Unit Linked Funds do not in any manner indicate the quality of the Unit Linked Fund or their future prospects or returns.

9. The ULIP does not offer a guaranteed return and risk in investment is borne by the policyholder.

10. The purpose of the Annual Fund Review is only to provide a general Review about the funds available in the ULIP products. Please refer to the policy terms and conditions of respective products to understand in detail the associated risks, benefits, charges etc.

INDICES provided by CRISIL.“CRISIL Indices are the sole property of CRISIL. CRISIL Indices shall not be copied, transmitted or redistributed in any manner for any commercial use. CRISIL has taken due care and caution in computation of the Indices, based on the data obtained from sources, which it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or completeness of the Indices and is not responsible for any errors or for the results obtained from the use of the Indices. CRISIL especially states that it has no financial liability whatsoever to the users of CRISIL Indices”.

For more information please contact our nearest Branch Office. Or call us at Toll Free number 1800 419 8228 or visit exidelife.in.


Exide Life Insurance Company Limited is a wholly owned subsidiary of Exide Industries Limited. The trademark “Exide” is owned by Exide Industries Limited and licensed to Exide Life Insurance vide Trademark license agreement dated 30thOctober 2014. Exide Life Insurance Company Limited (Formerly known as ING Vysya Life Insurance Company Limited). IRDAI Registration number: 114, CIN: U66010KA2000PLC028273, Registered Office: 3rd Floor, JP Techno Park, No.3/1, Millers Road, Bengaluru - 560 001; Toll Free: 1800 419 8228; Visit: exidelife.in

Annual Fund Review 2016 - Exide Life InsuranceShyamsunder Bhat, Chief Investment Officer(CIO),...

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Transcript of Annual Fund Review 2016 - Exide Life InsuranceShyamsunder Bhat, Chief Investment Officer(CIO),...