Birla Insurance Group Aug · 2017-04-10 · Market Update 2 Outlook for Equities Indian equity...
Transcript of Birla Insurance Group Aug · 2017-04-10 · Market Update 2 Outlook for Equities Indian equity...
August 2016
Index
Secure Fund
Stable Fund
Stable Fund 2
Growth Fund
Growth Fund 2
Money Market Fund
Money Market Fund 2
Income Advantage Fund
Gilt Fund
Bond Fund
Fixed Interest Fund
Fixed Interest Fund 2
Short Term Debt Fund
Short Term Debt Fund 2
Pg 1
Pg 3
Pg 4
Pg 5
Pg 6
Pg 7
Pg 8
Pg 9
Pg 10
Pg 11
Pg 12
Pg 13
Pg 14
Pg 15
Pg 16
Pg 17
Pg 18
Pg 19
Growth Advantage Fund
Market Outlook
Fund Managers Profile
Fund Performance
Market Update
1
Economy Review
The passing of the Goods and Services Tax (GST) bill in the Rajya Sabha and better than expected
corporate earnings for Q1FY17 boosted market sentiments in the month. Sixteen states assemblies
have ratified the GST bill and the bill will now be sent for Presidential assent. The government is
looking to rollout GST by April 2017. The Reserve Bank of India, in its August monetary policy review,
kept rates unchanged. The key focus of the policy was to maintain neutral liquidity in the system. The
overall policy stance continues to be accommodative.
CPI for July was 6.07 per cent compared to 5.77 per cent in June. An increase in prices of sugar,
vegetables and pulses led to higher inflation. With the monsoon progressing well and the expectation
of better farm output, CPI should ease to around the RBI target levels of 5 per cent, by March-2017.
IIP for June-16 was recorded at 2.1 per cent compared to 1.1 per cent in May-16 – positive for the
second straight month.
Market Update
2
Outlook for Equities
Indian equity markets gained 1.5 per cent in August. FIIs bought stock worth $1.5bn in August.
Cumulatively, they are net buyers of $6.1bn for the year. Domestic institutions sold stock worth $661mn in
August. Cumulatively, they are net seller of $92mn for the year.
At a 15.6 multiple of FY18 earnings, markets are now trading at near their 15 year average. Investors in
equity funds can still expect gains in long-term as corporate earnings growth recovers.
Outlook for Debt
The 10 year government bond yield moved from 7.17 per cent to 7.11 per cent in the month, as liquidity in
the system improved.
We expect the 10 year G-sec yield to be in the range of 7 per cent to 7.25 per cent in the near term. The
corporate bond yields are expected to trail the G-sec yields, with a spread of 40-60 basis points.
Investors in bond funds will gain as bond yields soften.
31-Aug-16 29-Jul-16 % ChangeINDEX
Nifty
Sensex
BSE 100
Dow Jones
Hang Seng
Nikkei
Nasdaq
8786.20 8638.50 1.71%
28452.17 28051.86 1.43%
9021.45 8856.01 1.87%
18400.88 18432.24 -0.17%
16887.40 16569.27 1.92%
22976.88 21891.37 4.96%
5213.22 5162.13 0.99%
NSEBSE
4000
5000
6000
7000
8000
9000
10000
22000
23000
24000
25000
26000
27000
28000
29000
30000
Au
g-1
5
Au
g-1
6
Se
pt-
15
Oct-
15
No
v-1
5
De
c-1
6
Ja
n-1
6
Fe
b-1
6
Ma
r-1
6
Ap
r-1
6
Ma
y-1
6
Ju
n-1
6
Ju
ly-1
6
bps
Pe
rce
nta
ge
(%)
Key Indices
10 year G-Sec
5 Year G-Sec
91 Day T Bill
364 day T-Bill
Call Rates
31-Aug-16 29-Jul-16 % Change
7.11% 7.17% -0.84%
7.02% 7.05% -0.43%
6.56% 6.53% 0.46%
6.68% 6.73% -0.75%
6.39% 6.35% 0.63%
5 year AAA Corporate Bond Spread 10 Yr G-Sec Yield
15
40
65
90
115
140
4.0
5.0
6.0
7.0
8.0
9.0
Au
g-1
5
Au
g-1
6
Se
pt-
15
Oct-
15
No
v-1
5
De
c-1
6
Ja
n-1
6
Fe
b-1
6
Ma
r-1
6
Ap
r-1
6
Ma
y-1
6
Ju
n-1
6
Ju
ly-1
6
Fund Managers Profile
Mr. Sameer Mistry
Mr. Parin Vora
Mr. Sameer Mistry joined BSLI in January 2009. He has over 17 years of experience in Equity Research and Fund Management. Prior to joining us, he worked as a Fund Manager wi th Rel iance Capi ta l Asset Management, Tata Mutual Fund and SBI Life Insurance. Sameer has done his BE (Electronics & Telecom) as well as an MBA in Finance.
Mr. Sameer Mistry – Joint Vice President - Investments
Mr. Parin S Vora has been with BSLI since October 2007 and is primarily responsible for Fixed Income trading and Fund Management. He has 17 years of experience in Fixed Income Industry and was associated with Birla Sun Life Securities & Mata Securities. Parin has done his MBA in Finance from Welingkar’s Institute of Management and DPMIR from Narsee Monjee Institute of Management studies.
Mr. Parin Vora – Assistant Vice President - Investments
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Fund Performance as on 31st August 2016
Group Funds Figures in percentage (%)
Disclaimer:This document is issued by BSLI. While all reasonable care has been taken in preparing this document, no responsibility or liability is accepted for errors of fact or for any opinion expressed herein. This document is for information purposes only. It does not constitute any offer, recommendation or solicitation to any person to enter into any transaction or adopt any investment strategy, nor does it constitute any prediction of likely future movements in NAVs. Past performance is not necessarily indicative of future performance. We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable though its accuracy or completeness cannot be guaranteed. Neither Birla Sun Life Insurance Company Limited, nor any person connected with it, accepts any liability arising from the use of this document. You are advised to make your own independent judgment with respect to any matter contained herein. The investment risk in investment portfolio is borne by the policyholder. The name of the funds do not in any way indicate their quality, future prospects or returns. The premium paid in unit linked life insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performance of investment fund and factors influencing the capital market and the policyholder is responsible for his/her decisions Insurance is the subject matter of solicitation.BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS: IRDA clarifies to public that IRDA or its officials do not involve inactivities like sale of any kind of insurance or financial products nor invest premiums. IRDA does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.* Duration for Money Market Instrument and FD’s is considered as "Zero".
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Secure
Stable
Stable 2
Growth
Growth 2
Growth Advantage
Money Market
Money Market 2
Short Term Debt Fund
Short Term Debt 2
Income Advantage
Gilt Fund
Bond Fund
Fixed Interest
Fixed Interest 2
BSE 100
BSE 100
BSE 100
BSE 100
BSE 100
BSE 100
-
-
-
-
-
-
-
-
-
20%
35%
35%
50%
50%
60%
-
-
-
-
-
-
-
-
-
70%
55%
55%
40%
40%
30%
-
-
100%
100%
85%
-
70%
15%
85%
85%
10%
10%
10%
10%
10%
10%
100%
100%
-
-
15%
-
15%
15%
15%
Crisil Composite Bond Fund Index
Crisil Composite Bond Fund Index
Crisil Composite Bond Fund Index
Crisil Composite Bond Fund Index
Crisil Composite Bond Fund Index
Crisil Composite Bond Fund Index
-
-
Crisil Short Term Bond Fund Index
Crisil Short Term Bond Fund Index
Crisil Composite Bond Fund Index
-
Crisil AAA Long Term Bond Index
Crisil AA Short Term Bond Index
Crisil Composite Bond Fund Index
Crisil Composite Bond Fund Index
Crisil Liquid Fund Index
Crisil Liquid Fund Index
Crisil Liquid Fund Index
Crisil Liquid Fund Index
Crisil Liquid Fund Index
Crisil Liquid Fund Index
Crisil Liquid Fund Index
Crisil Liquid Fund Index
-
-
Crisil Liquid Fund Index
-
Crisil Liquid Fund Index
Crisil Liquid Fund Index
Crisil Liquid Fund Index
ULGF00212/06/01BSLGSECURE109
ULGF00312/06/01BSLGSTABLE109
ULGF02228/11/11BSLGSTABL2109
ULGF00112/06/01BSLGGROWTH109
ULGF01828/11/11BSLGROWTH2109
ULGF01026/11/07BSLIGGRADV109
ULGF00824/08/04BSLIGRMMKT109
ULGF01928/11/11BSLGRMMKT2109
ULGF01322/09/08BSLGSHTDBT109
ULGF02128/11/11BSLGSHTDB2109
ULGF01425/02/10BSLGINCADV109
ULGF00630/05/03BSLIGRGILT109
ULGF00530/05/03BSLIGRBOND109
ULGF00416/07/02BSLGFIXINT109
ULGF01728/11/11BSLGFXINT2109
Absolute
CAGR
Returns Period
Absolute
CAGR
Returns
1 month
3 months
6 months
1 Year
2 Years
3 Years
4 Years
5 Years
Since Inception
1 month
3 months
6 months
1 Year
2 Years
3 Years
4 Years
5 Years
Since Inception
SecureFund
BMStableFund
BMStableFund 2
BMGrowthFund
BMGrowthFund 2
BM
Growth Advantage
BMMoney
Market Fund BM
Money Market Fund 2
BMShort TermDebt Fund
BMShort Term
Debt Fund 2BM
Absolute
CAGR
Returns
1 month
3 months
6 months
1 Year
2 Years
3 Years
4 Years
5 Years
Since Inception
Period BMBMGilt FundFixed
Interest Fund 2BM
Fixed Interest Fund
Bond FundIncome
Advantage Fund BM
Period
Fund NameBenchmark Composition
SFINWeightage Weightage WeightageIndex Index Index
1.72 1.18
6.40 4.85
13.20 10.68
12.21 10.14
11.07 9.26
13.25 11.48
10.79 9.53
10.24 9.16
10.84 8.61
1.79 1.29
7.04 5.53
16.40 13.50
12.20 10.18
10.69 8.63
14.86 12.47
11.78 10.23
10.92 9.57
13.28 9.94
1.76 1.29
7.26 5.53
16.98 13.50
13.37 10.18
11.90 8.63
15.13 12.47
12.35 10.23
- -
12.59 10.15
2.15 1.39
7.97 6.20
19.81 16.37
12.27 10.17
10.54 7.95
16.58 13.43
12.81 10.89
11.62 9.94
14.65 11.17
1.97 1.39
8.25 6.20
20.24 16.37
13.36 10.17
11.43 7.95
17.59 13.43
14.00 10.89
- -
13.99 10.71
2.02 1.45
8.26 6.64
21.85 18.31
12.15 10.14
10.42 7.47
17.83 14.04
13.74 11.31
12.29 10.16
12.74 6.54
0.72 0.51
1.97 1.57
3.88 3.39
7.82 6.59
8.09 6.99
8.40 7.61
8.62 7.48
8.79 7.64
9.27 6.68
0.62 0.51
1.82 1.57
3.75 3.39
7.78 6.59
8.17 6.99
8.67 7.61
8.67 7.48
- -
8.83 7.63
0.91 0.72
2.59 2.57
4.95 4.95
8.79 8.25
8.76 8.35
9.14 8.89
8.85 8.16
9.10 8.21
8.87 7.55
0.85 0.72
2.56 2.57
5.29 4.95
9.41 8.25
9.65 8.35
10.18 8.89
10.10 8.16
- -
10.31 8.27
1.99
7.57
12.94
14.86
13.87
12.54
10.15
9.47
7.58
1.21 1.27
3.90 4.19
7.19 7.39
10.06 10.20
10.28 9.97
10.54 10.34
9.66 8.91
9.93 8.89
10.77 8.47
1.51 1.01
5.37 3.82
9.64 6.79
12.21 9.86
11.89 9.96
11.47 10.06
10.44 8.49
10.73 8.50
9.10 6.41
1.51 1.01
5.50 3.82
9.52 6.79
12.48 9.86
11.92 9.96
11.78 10.06
9.95 8.49
10.01 8.49
10.01 7.83
1.55 1.01
5.60 3.82
9.27 6.79
13.68 9.86
13.65 9.96
14.83 10.06
12.27 8.49
- -
12.23 8.64
Asset held as on 3 ` 1465.69 cr1st August 2016:
GOVERNMENT SECURITIES: 50.01%
9.2% Government Of India 2030 13.20%
8.6% Government Of India 2028 6.80%
8.83% Government Of India 2023 5.83%
9.23% Government Of India 2043 5.15%
8.33% Government Of India 2026 4.14%
8.4% Government Of India 2024 1.56%
7.16% Government Of India 2023 1.36%
8.17% Government Of India 2044 1.13%
8.13% Government Of India 2022 1.11%
8.26% Government Of India 2027 1.07%
Other Government Securities 8.66%
8.45% HDFC Ltd. 2026 2.11%
9% Godrej And Boyce Manufacturing Company Limited 2021 1.76%
8.9% Steel Authority Of India Ltd. 2019 1.33%
8.57% REC. Ltd. 2024 1.12%
9.25% PGC. Of India Ltd. 2019 0.97%
9.25% Reliance Jio Infocomm Ltd 2024 0.73%
9.15% ICICI Bank Ltd. 2022 0.73%
8.39% HDFC. Ltd. 2019 0.69%
9% Tata Capital Fin Services Ltd 2017 0.69%
9.95% Tata Motors Ltd. 2020 0.64%
Other Corporate Debt 11.16%
HDFC Bank Ltd. 1.62%
Infosys Ltd. 1.13%
Reliance Industries Ltd. 1.02%
Larsen & Toubro Ltd. 0.92%
ICICI Bank Ltd. 0.88%
ITC Ltd. 0.81%
Mahindra And Mahindra Ltd. 0.60%
HDFC Ltd. 0.59%
Sun Pharmaceutical Inds. Ltd. 0.58%
State Bank Of India 0.53%
Other Equity 11.20%
RATING PROFILE
Exposure to equities has slightly increased to 19.89% from 19.86% G-Secs has decreased to 50.01% from 53.90% and MMI has increased to 8.18% from 4.02% on a MOM basis. Over 90% of the debt portfolio remains invested in highest rated instruments.The fund is predominantly invested in large cap stocks and maintains a well diversified equity portfolio.
Modified Duration: 6.10 years
EQUITY: 19.89%
NAV as on 31st August 2016: 47.82`
CORPORATE DEBT: 21.91%
Maturity Profile
ASSET ALLOCATION
MMI, Deposits, CBLO & Others: 8.18%
Objective: This investment fund option helps build your capital and generate better returns at moderate level of risk, over a medium or long-term period through a balance of investment in equity and debt.
Strategy: To generate better return with moderate level of risk through active management of fixed income portfolio and focus on creating long term equity portfolio which will enhance yield of composite portfolio with low level of risk appetite.
Fund Snapshot Know the Fund Better
Group Secure FundFund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 17 years &17 years
ULGF00212/06/01BSLGSECURE109
Benchmark: BSE 100, Crisil Composite Bond Fund Index & Crisil Liquid Fund Index
SECTORAL ALLOCATION
Portfolio as on Wednesday, August 31, 2016
Maturity Profile
Date of Inception: 19-Jun-01
AAA
20.35%
68.34%
Sovereign
3.54%AA+AA
5.97%
50.01%G-Secs
MMI, Deposits, CBLO & Others
8.18%NCD21.91%
Equities19.89%
5
1.73%A1+
0.07%AA-
Secure BM
1.09%
1.44%
1.88%
2.06%
2.50%
3.76%
3.92%
6.26%
6.77%
7.84%
8.11%
9.02%
11.33%
11.97%
22.04%
AGRI RELATED
DIVERSIFIED
MANUFACTURING
POWER
OTHERS
CEMENT
TELECOMMUNICATION
PHARMACEUTICALS
FMCG
FINANCIAL SERVICES
AUTOMOBILE
CAPITAL GOODS
SOFTWARE / IT
OIL AND GAS
BANKING
7 years & above2 to 7 years
Less than 2years
64.48%
20.41%
15.11%
Au
g-0
9
Feb
-10
Au
g-1
0
Feb
-11
Au
g-1
1
Feb
-12
Au
g-1
2
Feb
-13
Au
g-1
3
Feb
-14
Au
g-1
4
Feb
-15
Au
g-1
5
Feb
-16
Au
g-1
6
Asset held as on 3 381.16 cr1st August 2016: `
RATING PROFILE
Over 99% of the debt portfolio remains invested in highest rated instruments.The fund is predominantly invested in large cap stocks and maintains a well diversified equity portfolio.
Modified Duration: 6.48 yearsNAV as on 31st August 2016: ` 64.98
SECTORAL ALLOCATION
Objective: This investment fund option helps you grow your capital through enhanced returns over a medium to long term period through investments in equity and debt instruments, thereby providing a good balance between risk and return. this fund is suitable for those who want to earn higher return on investment through balanced exposure to equity and debt securities.Strategy: To earn capital appreciation by maintaining diversified equity portfolio and seek to earn regular return on fixed income portfolio by active management resulting in wealth creation for policyholders.
Fund Snapshot Know the Fund Better
Group Stable FundFund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 17 years &17 years
ULGF00312/06/01BSLGSTABLE109
Benchmark: BSE 100, Crisil Composite Bond Fund Index & Crisil Liquid Fund Index
Portfolio as on Wednesday, August 31, 2016
6
Date of Inception: 31-Aug-01
MMI, Deposits, CBLO & Others: 6.90%
NCD
34.78%
AAA22.52%
Sovereign76.37%
AA+1.01%
13.78%
Equities
ASSET ALLOCATION
Maturity Profile
44.53%G-Secs
MMI, Deposits, CBLO & Others
6.90%
GOVERNMENT SECURITIES: 44.53%
9.23% Government Of India 2043 9.37%
8.33% Government Of India 2026 7.86%
8.83% Government Of India 2023 5.69%
9.2% Government Of India 2030 4.60%
8.28% Government Of India 2032 3.64%
8.79% Government Of India 2021 3.17%
8.6% Government Of India 2028 2.90%
8.08% Government Of India 2022 1.72%
8.3% Government Of India 2040 1.46%
8.4% Government Of India 2024 1.41%
Other Government Securities 2.71%
8.65% REC. Ltd. 2019 2.50%
8.9% LIC Housing Finance Ltd. 2020 1.35%
10.1% PGC. Of India Ltd. 2017 1.34%
9.25% LIC Housing Finance Ltd. 2023 1.28%
9.25% Reliance Jio Infocomm Ltd 2024 1.03%
10.05% Can Fin Homes Ltd. 2017 0.87%
9.4% NABARD 2016 0.79%
9.61% Power Finance Corpn. Ltd. 2021 0.71%
9.33% NABARD 2017 0.67%
8.95% Bajaj Finance Ltd. 2020 0.54%
Other Corporate Debt 2.70%
HDFC Bank Ltd. 2.88%
Infosys Ltd. 1.96%
Reliance Industries Ltd. 1.77%
Larsen & Toubro Ltd. 1.61%
ICICI Bank Ltd. 1.54%
ITC Ltd. 1.41%
HDFC. Ltd. 1.04%
Mahindra And Mahindra Ltd. 1.02%
Sun Pharmaceutical Inds. Ltd. 1.01%
State Bank Of India 0.94%
Other Equity 19.59%
EQUITY: 34.78%CORPORATE DEBT: 13.78%
AA0.10%
Stable BM
1.09%
1.17%
1.43%
1.53%
1.80%
2.06%
3.76%
3.87%
6.24%
6.75%
7.95%
8.03%
9.02%
11.29%
11.87%
22.13%
AGRI RELATED
CONSTRUCTION
DIVERSIFIED
OTHERS
MANUFACTURING
POWER
CEMENT
TELECOMMUNICATION
PHARMACEUTICALS
FMCG
FINANCIAL SERVICES
AUTOMOBILE
CAPITAL GOODS
SOFTWARE / IT
OIL AND GAS
BANKING
7 years & above2 to 7 years
Less than 2years
63.55%
20.35%
16.11%
Au
g-0
9
Feb
-10
Au
g-1
0
Feb
-11
Au
g-1
1
Feb
-12
Au
g-1
2
Feb
-13
Au
g-1
3
Feb
-14
Au
g-1
4
Feb
-15
Au
g-1
5
Feb
-16
Au
g-1
6
Asset held as on 3 1.46 cr1st August 2016: `
RATING PROFILE
Over 100% of the debt portfolio remains invested in highest rated instruments.The fund is predominantly invested in large cap stocks and maintains a well diversified equity portfolio.
Modified Duration: 5.83 yearsNAV as on 31st August 2016: ` 17.59
SECTORAL ALLOCATION
Objective: This investment fund option helps you grow your capital through enhanced returns over a medium to long term period through investments in equity and debt instruments, thereby providing a good balance between risk and return. this fund is suitable for those who want to earn higher return on investment through balanced exposure to equity and debt securities.Strategy: To earn capital appreciation by maintaining diversified equity portfolio and seek to earn regular return on fixed income portfolio by active management resulting in wealth creation for policyholders.
Fund Snapshot Know the Fund Better
Group Stable Fund 2Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 17 years &17 years
ULGF02228/11/11BSLGSTABL2109
Benchmark: BSE 100, Crisil Composite Bond Fund Index & Crisil Liquid Fund Index
Portfolio as on Wednesday, August 31, 2016
7
Date of Inception: 28-Nov-11
MMI, Deposits, CBLO & Others: 15.59%
NCD8.08%
33.05%
Equities
ASSET ALLOCATION
Maturity Profile
43.28%G-Secs
GOVERNMENT SECURITIES: 43.28%
9.23% Government Of India 2043 12.66%
8.4% Government Of India 2024 11.03%
9.15% Government Of India 2024 9.97%
7.16% Government Of India 2023 9.63%
10.7% IRFC. Ltd. 2023 8.08% HDFC Bank Ltd. 2.72%
Infosys Ltd. 1.88%
Reliance Industries Ltd. 1.76%
Larsen & Toubro Ltd. 1.58%
ICICI Bank Ltd. 1.45%
ITC Ltd. 1.42%
Sun Pharmaceutical Inds. Ltd. 0.97%
Mahindra And Mahindra Ltd. 0.95%
HDFC Ltd. 0.93%
Tata Motors Ltd. 0.91%
Other Equity 18.49%
EQUITY: 33.05%CORPORATE DEBT: 8.08%
MMI, Deposits, CBLO & Others
15.59%
Sovereign86.59%
AAA13.41%
Stable 2 BM
1.07%
1.55%
2.03%
3.31%
3.94%
3.95%
6.25%
7.53%
7.62%
7.87%
9.23%
11.55%
12.26%
21.83%
AGRI RELATED
DIVERSIFIED
POWER
OTHERS
TELECOMMUNICATION
CEMENT
PHARMACEUTICALS
FMCG
AUTOMOBILE
FINANCIAL SERVICES
CAPITAL GOODS
SOFTWARE / IT
OIL AND GAS
BANKING
7 years & above2 to 7 years
Less than 2years
63.25%
14.59% 22.16%
Au
g-1
2
Feb
-13
Au
g-1
3
Feb
-14
Au
g-1
4
Feb
-15
Au
g-1
5
Feb
-16
Au
g-1
6
Asset held as on 3 499.44 cr1st August 2016: `
GOVERNMENT SECURITIES: 31.85%
8.83% Government Of India 2023 7.56%
8.33% Government Of India 2026 4.32%
8.6% Government Of India 2028 2.66%
9.53% State Government Of Gujrat 2024 2.23%
9.23% Government Of India 2043 1.97%
9.2% Government Of India 2030 1.87%
8.2% Government Of India 2022 1.79%
8.79% Government Of India 2021 1.73%
8.28% Government Of India 2032 1.31%
8.17% Government Of India 2044 1.11%
Other Government Securities 5.30%
9.34% REC. Ltd. 2024 2.04%
8.7% Power Finance Corpn. Ltd. 2020 1.74%
8.55 Power Finance Corpn. Ltd. 2021 1.67%
8.45% HDFC Ltd. 2026 1.65%
NABARD 2017 0.79%
9.02% REC. Ltd. 2022 0.77%
10.15% Kotak Mahindra Prime Ltd. 2017 0.71%
9.23% LIC Housing Finance Ltd. 2022 0.64%
9.57% LIC Housing Finance Ltd. 2017 0.61%
10.3% Tata Motors Ltd. 2018 0.42%
Other Corporate Debt 2.18%
HDFC Bank Ltd. 4.08%
Infosys Ltd. 2.79%
Reliance Industries Ltd. 2.53%
Larsen & Toubro Ltd. 2.30%
ICICI Bank Ltd. 2.20%
ITC Ltd. 1.91%
HDFC. Ltd. 1.48%
Sun Pharmaceutical Inds. Ltd. 1.47%
Mahindra And Mahindra Ltd. 1.47%
State Bank Of India 1.34%
Other Equity 27.84%
RATING PROFILE
Over 98% of the debt portfolio remains invested in highest rated instruments.The fund is predominantly invested in large cap stocks and maintains a well diversified equity portfolio.
Modified Duration: 5.85 years
EQUITY: 49.42%
NAV as on 31st August 2016: ` 77.89
CORPORATE DEBT: 13.22%
Maturity Profile
ASSET ALLOCATION
MMI, Deposits, CBLO & Others: 5.51%
SECTORAL ALLOCATION
Objective: The objective is to achieve optimum balance between growth and stability to provide long term capital appreciation with balanced level of risk by investing in fixed income securities and high quality equity security. This fund option is for those who are willing to take average to high level of risk to earn attractive returns over a long period of time.Strategy: The strategy is to invest into fixed income securities & maintaining diversified equity portfolio along with active fund management policyholder’s wealth in long run.
Fund Snapshot Know the Fund Better
Benchmark: BSE 100, Crisil Composite Bond Fund Index & Crisil Liquid Fund Index
Group Growth Fund
ULGF00112/06/01BSLGGROWTH109
Portfolio as on Wednesday, August 31, 2016Date of Inception: 31-Aug-01
Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 17 years &17 years
G-Secs
31.85%
49.42%
Equities
NCD
5.51%
MMI, Deposits, CBLO & Others13.22%
AAA
27.63%
70.66%
Sovereign
AA+
1.71%
Fund Snapshot
8
Gr. Growth BM
1.11%
1.43%
1.98%
2.07%
2.49%
3.78%
3.88%
6.35%
6.58%
7.87%
8.07%
9.05%
11.12%
11.94%
22.29%
AGRI RELATED
DIVERSIFIED
MANUFACTURING
POWER
OTHERS
CEMENT
TELECOMMUNICATION
PHARMACEUTICALS
FMCG
FINANCIAL SERVICES
AUTOMOBILE
CAPITAL GOODS
SOFTWARE / IT
OIL AND GAS
BANKING
7 years & above2 to 7 years
Less than 2years
63.16%
22.61%
14.23%
Au
g-0
9
Feb
-10
Au
g-1
0
Feb
-11
Au
g-1
1
Feb
-12
Au
g-1
2
Feb
-13
Au
g-1
3
Feb
-14
Au
g-1
4
Feb
-15
Au
g-1
5
Feb
-16
Au
g-1
6
Asset held as on 3 15.01 cr1st August 2016: `
GOVERNMENT SECURITIES: 36.51%
8.4% Government Of India 2024 17.87%
9.23% Government Of India 2043 8.20%
8.83% Government Of India 2023 7.29%
8.83% Government Of India 2041 3.14%
8.4% NPC of India Ltd. 2027 7.12%
9.74% Tata Sons Ltd. 2024 2.18%
HDFC Bank Ltd. 3.87%
Infosys Ltd. 2.53%
Reliance Industries Ltd. 2.44%
Larsen And Toubro Ltd. 2.30%
Tata Consultancy Services Ltd. 2.17%
State Bank Of India 1.99%
Maruti Suzuki India Ltd. 1.84%
ICICI Bank Ltd. 1.79%
Tata Communications Ltd. 1.71%
Mahindra And Mahindra Ltd. 1.58%
Other Equity 27.63%
RATING PROFILE
Over 100% of the debt portfolio remains invested in highest rated instruments.The fund is predominantly invested in large cap stocks and maintains a well diversified equity portfolio.
Modified Duration: 7.09 years
EQUITY: 49.85%
NAV as on 31st August 2016: ` 18.65
CORPORATE DEBT: 9.30%
Maturity Profile
ASSET ALLOCATION
MMI, Deposits, CBLO & Others: 4.34%
SECTORAL ALLOCATION
Objective: The objective is to achieve optimum balance between growth and
stability to provide long term capital appreciation with balanced level of risk by
investing in fixed income securities and high quality equity security. This fund option
is for those who are willing to take average to high level of risk to earn attractive
returns over a long period of time.
Strategy: The strategy is to invest into fixed income securities & maintaining
diversified equity portfolio along with active fund management policyholder’s wealth
in long run.
Fund Snapshot Know the Fund Better
Group Growth Fund 2
ULGF01828/11/11BSLGROWTH2109
Benchmark: BSE 100, Crisil Composite Bond Fund Index & Crisil Liquid Fund Index
Portfolio as on Wednesday, August 31, 2016
9
Date of Inception: 28-Nov-11
Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 17 years &17 years
G-Secs
36.51%
49.85%
Equities
4.34%
MMI, Deposits, CBLO & OthersNCD
9.30%
AAA
19.99%
80.01%
Sovereign
Gr. Growth 2 BM
0.53%
1.07%
1.42%
1.77%
2.03%
2.31%
3.26%
3.92%
4.85%
6.29%
7.47%
7.81% 9.50%
12.08%
14.95%
20.75%
OTHERS
CONSTRUCTION
DIVERSIFIED
POWER
RETAILING
AGRI RELATED
CEMENT
TELECOMMUNICATION
FMCG
FINANCIAL SERVICES
CAPITAL GOODS
PHARMACEUTICALS
AUTOMOBILE
OIL AND GAS
SOFTWARE / IT
BANKING
Au
g-1
2
Feb
-13
Au
g-1
3
Feb
-14
Au
g-1
4
Feb
-15
Au
g-1
5
Feb
-16
Au
g-1
6
7 years & above
Less than 2 years
90.56%
9.44%
Asset held as on 3 48.83 cr1st August 2016: `
GOVERNMENT SECURITIES: 24.16%
8.33% Government Of India 2026 5.53%
9.23% Government Of India 2043 5.04%
8.83% Government Of India 2023 3.36%
9.2% Government Of India 2030 2.40%
8.6% Government Of India 2028 2.27%
8.83% Government Of India 2041 1.93%
7.8% Government Of India 2021 1.37%
8.2% Government Of India 2022 0.58%
7.49% Government Of India 2017 0.51%
8.15% Government Of India 2022 0.32%
Other Government Securities 0.85%
8.57% REC Ltd. 2024 2.16%
9.05% Petronet LNG Ltd. 2019 2.11%
8.99% Tata Capital Financial Services Limited 2017 1.44%
8.95% HDFC Bank Ltd. 2022 0.62%
8.7% Power Finance Corpn. Ltd. 2020 0.42%
11.95% HDFC Ltd. 2018 0.22%
HDFC Bank Ltd. 4.91%
Infosys Ltd. 3.35%
Reliance Industries Ltd. 3.06%
Larsen & Toubro Ltd. 2.76%
ICICI Bank Ltd. 2.68%
ITC Ltd. 2.31%
HDFC Ltd. 1.86%
Mahindra And Mahindra Ltd. 1.78%
Sun Pharmaceutical Inds. Ltd. 1.77%
State Bank Of India 1.68%
Other Equity 32.87%
RATING PROFILE
82% of the debt portfolio remains invested in highest rated instruments.The fund is predominantly invested in large cap stocks and maintains a well diversified equity portfolio.
Modified Duration: 6.27 years
EQUITY: 59.02%
NAV as on 31st August 2016: ` 27.85
CORPORATE DEBT: 6.98%
Maturity Profile
ASSET ALLOCATIONSECTORAL ALLOCATION
Objective: The Objective of the fund is to provide blend of fixed return by investing in debt &
money market instruments and capitalappreciation by predominantly investing in equities of
fundamentally strong and large blue chip companies.
Strategy: The fund option will invest at least 40% and maximum of 60% in fundamentally strong
and large blue chip companies and minimum 40% in Debt and money market Instruments. The
Strategy of the fund is to build and actively manage a well-diversified equity portfolio of value &
growth driven stocks by following a research-focused investment approach. While appreciating the
high risk associated with equities, the fund would attempt to maximize the risk-return pay-off for the
long-term advantage of thepolicyholders. The fund will also explore the option of having exposure to
quality mid cap stocks. The Fund Manager would endeavor to outperform the benchmark. The non-
equity portion of the fund will be invested in highrated debt and money market instruments and fixed
deposits.
Fund SnapshotKnow the Fund Better
Group Growth Advantage Fund
ULGF01026/11/07BSLIGGRADV109
Benchmark: BSE 100, Crisil Composite Bond Fund Index & Crisil Liquid Fund Index
Portfolio as on Wednesday, August 31, 2016
10
Date of Inception: 18-Feb-08
Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 17 years & 17 years
59.02%
Equities
G-Secs
24.16%
MMI, Deposits, CBLO & Others
6.98%
NCD9.83%
Sovereign
75.86%
AAA10.50%
MMI, Deposits, CBLO & Others: 9.83%
10.88%
AA+ A1+
2.76%
Gr. Advantage BM
1.06%
1.37%
1.42%
1.60%
1.76%
1.99%
3.63%
3.79%
6.25%
6.54%
7.87%
8.05%
8.99%
11.13%
11.70%
22.83%
AGRI RELATED
DIVERSIFIED
OTHERS
CONSTRUCTION
MANUFACTURING
POWER
CEMENT
TELECOMMUNICATION
PHARMACEUTICALS
FMCG
FINANCIAL SERVICES
AUTOMOBILE
CAPITAL GOODS
SOFTWARE / IT
OIL AND GAS
BANKING
7 years & above2 to 7 years
Less than 2years
56.85%
15.12% 28.03%
Au
g-0
9
Feb
-10
Au
g-1
0
Feb
-11
Au
g-1
1
Feb
-12
Au
g-1
2
Feb
-13
Au
g-1
3
Feb
-14
Au
g-1
4
Feb
-15
Au
g-1
5
Feb
-16
Au
g-1
6
Asset held as on 3 93.78 cr1st August 2016: `
100% of the fund is invested in highest rated instruments.The fund continues to maintain very low maturity profile.
NAV as on 31st August 2016: ` 27.54
Objective: The primary objective of the investment fund option is to provide
reasonable returns, at a high level of safety and liquidity for capital conservation for
the policyholder.
Strategy: The strategy of the investment fund option is to make judicious
investments in high quality debt and money market instruments protect capital of the
policyholder with very low level of risk.
Fund Snapshot Know the Fund Better
Group Money Market FundFund Manager: Parin Vora | Total Experience: 17 years
ULGF00824/08/04BSLIGRMMKT109
Benchmark: Crisil Liquid Fund Index
Portfolio as on Wednesday, August 31, 2016
11
Maturity Profile
Less than 2 years
100.00%
ASSET ALLOCATION
Date of Inception: 30-Mar-05
NCD
8.75%
MMI, Deposits, CBLO & Others: 91.25%
MMI, Deposits, CBLO & Others
91.25%
RATING PROFILE
AAA
12.62%
A1+
87.38%%
10.18% LIC Housing Finance Ltd. 2016 8.75%
CORPORATE DEBT: 8.75%
MM BM
Aug
-09
Feb-
10
Aug
-10
Feb-
11
Aug
-11
Feb-
12
Aug
-12
Feb-
13
Aug
-13
Feb-
14
Aug
-14
Feb-
15
Aug
-15
Feb-
16
Aug
-16
Asset held as on 3 0.27 cr1st August 2016: `
100% of the fund is invested in highest rated instruments.The fund continues to maintain very low maturity profile.
NAV as on 31st August 2016: ` 14.96
Objective: The primary objective of the investment fund option is to provide
reasonable returns, at a high level of safety and liquidity for capital conservation for
the policyholder.
Strategy: The strategy of the investment fund option is to make judicious
investments in high quality debt and money market instruments protect capital of the
policyholder with very low level of risk.
Fund Snapshot Know the Fund Better
Group Money Market Fund 2Fund Manager: Parin Vora | Total Experience: 17 years
ULGF01928/11/11BSLGRMMKT2109
Benchmark: Crisil Liquid Fund Index
Portfolio as on Wednesday, August 31, 2016
12
Maturity Profile
Less than 2 years
100.00%
ASSET ALLOCATION
Date of Inception: 28-Nov-11
MMI, Deposits, CBLO & Others
74.24%
G-Secs
25.76%
RATING PROFILE
GOVERNMENT SECURITIES: 25.76%
Government Of India 2016 25.76%
37.26%
A1+
Sovereign62.74%
MMI, Deposits, CBLO & Others: 74.24%
MM BM
Au
g-1
2
Feb
-13
Au
g-1
3
Feb
-14
Au
g-1
4
Feb
-15
Au
g-1
5
Feb
-16
Au
g-1
6
Exposure to corporate debt has decreased to 45.36%
from 50.05% and MMI has increased to 54.64% from
49.95% on a MOM basis. Over 83% of the fund is
invested in highest rated instruments.
CORPORATE DEBT: 45.36%
9.04% REC Ltd. 2019 7.67%
10.5% AU Financiers (India) Ltd 2019 7.51%
9.15% Larsen & Toubro Ltd. 2019 6.83%
9.1% HDFC Bank Ltd. 2022 5.62%
9% Indiabulls Housing Finance Ltd 2019 5.57%
9.2% Cholamandalam Investment And Finance Co. Ltd. 2019 3.73%
8.5% IRFC Ltd. 2020 2.68%
8.64% PGC. of India Ltd. 2025 1.95%
8.64% PGC. Of India Ltd. 2020 1.91%
8.4% Larsen & Toubro Ltd. 2020 1.90%
NAV as on 31st August 2016: ` 19.28
MMI, Deposits, CBLO & Others: 54.64%
Benchmark: Crisil Short Term Bond Fund Index
Objective: This BSLI fund option helps to provide capital preservation at a high level of
safety & liquidity through judicious investments in high quality short-term debt instruments.
Strategy: To actively manage the fund by building a portfolio of fixed income instruments with
short-term duration. The quality & duration of the assets purchased would aim to minimize the
credit risk &liquidity risk of the portfolio. Fund will maintain reasonable level of liquidity.
Fund Snapshot Know the Fund Better
Group Short Term Debt Fund
ULGF01322/09/08BSLGSHTDBT109
Asset held as on 3 27.20 cr1st August 2016: ` Modified Duration: 1.49 years
Portfolio as on Wednesday, August 31, 2016
13
Maturity Profile
ASSET ALLOCATION
Date of Inception: 10-Dec-08
Fund Manager: Parin Vora | Total Experience: 17 years
MMI, Deposits, CBLO & Others
45.36%NCD
54.64%
RATING PROFILE
AAA
50.44%
A+
11.11%A1+
32.92%
AA
5.52%
BMShort Term Debt
7 years & above2 to 7 years
Less than 2years
2.15%
51.87%
45.97%
Aug-
09
Feb-
10
Aug-
10
Feb-
11
Aug-
11
Feb-
12
Aug-
12
Feb-
13
Aug-
13
Feb-
14
Aug-
14
Feb-
15
Aug-
15
Feb-
16
Aug-
16
Exposure to corporate debt has increased to 69.96% from 42.56% and MMI has decreased to 30.04% from 57.44% on a MOM basis. Over 83% of the fund is invested in highest rated instruments.
NAV as on 31st August 2016: ` 15.95
MMI, Deposits, CBLO & Others: 30.04%
Benchmark: Crisil Short Term Bond Fund Index
Objective: This BSLI fund option helps to provide capital preservation at a high level of safety
& liquidity through judicious investments in high quality short-term debt instruments.
Strategy: To actively manage the fund by building a portfolio of fixed income instruments with
short-term duration. The quality & duration of the assets purchased would aim to minimize the
credit risk &liquidity risk of the portfolio. Fund will maintain reasonable level of liquidity.
Fund Snapshot Know the Fund Better
Group Short Term Debt Fund 2
ULGF02128/11/11BSLGSHTDB2109
Asset held as on 3 41.66 cr1st August 2016: ` Modified Duration: 1.08 years
Portfolio as on Wednesday, August 31, 2016
14
Maturity Profile
ASSET ALLOCATION
Date of Inception: 28-Nov-11
Fund Manager: Parin Vora | Total Experience: 17 years
NCD
30.04%
MMI, Deposits, CBLO & Others
69.96%
CORPORATE DEBT: 69.96%
9.8% Power Finance Corpn. Ltd. 2016 9.61%
9.33% NABARD 2017 6.08%
9.13% Cholamandalam Investment And
Finance Co. Ltd. 2019 4.87%
8.58% HDFC Ltd. 2018 4.85%
8.49% NHPC Ltd. 2016 4.33%
9.25% PGC Of India Ltd. 2017 4.30%
9.04% REC Ltd. 2019 3.75%
9.64% PGC Of India Ltd. 2018 3.73%
9.15% Larsen & Toubro Ltd. 2019 3.72%
9.3% HDFC Ltd. 2017 3.41%
Other Corporate Debt 21.31%
RATING PROFILE
AA
12.38%AA+
2.96%
AAA
67.86%
A1+
15.32%A+
1.48%
BMShort Term Debt 2
7 years & above2 to 7 years
Less than 2years
3.30% 26.06%
70.64%
Au
g-1
2
Feb
-13
Au
g-1
3
Feb
-14
Au
g-1
4
Feb
-15
Au
g-1
5
Feb
-16
Au
g-1
6
Asset held as on 3 43.35 cr1st August 2016: `
100% of the fund remains invested in highest rated instruments.
Modified Duration: 6.45 yearsNAV as on 31st August 2016: ` 18.50
9.34% REC Ltd. 2024 8.86%
9.9% HDFC Ltd. 2021 6.20%
9.37% Power Finance Corpn. Ltd. 2024 5.07%
9.15% Export Import Bank Of India 2022 4.97%
8.65% India Infradebt Ltd 2026 4.70%
9.25% Reliance Jio Infocomm Ltd 2024 3.68%
9.02% REC Ltd. 2022 3.45%
8.57% REC Ltd. 2024 2.43%
9.25% PGC of India Ltd. 2020 1.84%
8.4% NPC of India Ltd. 2027 1.23%
Other Corporate Debt 0.25%
CORPORATE DEBT: 42.69%
Benchmark: Crisil Composite Bond Fund index & Crisil Liquid Fund Index
Objective: To provide capital preservation and regular income, at a high level of
safety over a medium term horizon by investing in high quality debt instruments
Strategy: To actively manage the fund by building a portfolio of fixed income
instruments with medium term duration. The fund will invest in government
securities, high rated corporate bonds, high quality money market instruments and
other fixed income securities. The quality of the assets purchased would aim to
minimize the credit risk and liquidity risk of the portfolio. The fund will maintain
reasonable level of liquidity.
Fund Snapshot Know the Fund Better
Group Income Advantage Fund
ULGF01425/02/10BSLGINCADV109
Portfolio as on Wednesday, August 31, 2016
Maturity Profile
ASSET ALLOCATIONRATING PROFILE
GOVERNMENT SECURITIES: 51.17%
9.23% Government Of India 2043 17.33%
8.83% Government Of India 2023 12.63%
8.2% Government Of India 2022 5.15%
7.5% Government Of India 2034 4.99%
8.08% Government Of India 2022 2.54%
8.15% Government Of India 2022 2.50%
8.4% Government Of India 2024 2.48%
8.3% Government Of India 2023 1.41%
7.8% Government Of India 2021 1.31%
7.95% Government Of India 2026 0.59%
Other Government Securities 0.25%
MMI, Deposits, CBLO & Others: 6.15%
15
Date of Inception: 23-Mar-10
Fund Manager: Parin Vora | Total Experience: 17 years
NCD
42.69% 6.15%
MMI, Deposits, CBLO & Others
51.17%G-Secs
54.52%
Sovereign
AAA
45.48%
Gr. Inc Adv BM
7 years & above2 to 7 years
Less than 2years
66.99%
28.77%
4.24%
Au
g-1
1
Feb
-12
Au
g-1
2
Feb
-13
Au
g-1
3
Feb
-14
Au
g-1
4
Feb
-15
Au
g-1
5
Feb
-16
Au
g-1
6
Asset held as on 3 11.76 cr1st August 2016: `
Exposure to G-Secs has increased to 96.17% from 93.54% and MMI has decreased to 3.83% from 6.46% on a MOM basis.
Modified Duration: 9.29 yearsNAV as on 31st August 2016: ` 24.64
Objective: The investment fund option aims to deliver safe and consistent returns
over a long-term period by investing in government securities for capital
preservation of the policyholder.
Strategy: The investment fund option strategy is to invest in government securities,
maintaining a medium to long-term duration of the portfolio to achieve capital
conservation.
Fund Snapshot Know the Fund Better
Group Gilt Fund
ULGF00630/05/03BSLIGRGILT109
MMI, Deposits, CBLO & Others: 3.83%
Maturity Profile
ASSET ALLOCATION
Portfolio as on Wednesday, August 31, 2016
RATING PROFILE
16
Sovereign100.00%
Date of Inception: 28-Apr-04
Fund Manager: Parin Vora | Total Experience: 17 years
MMI, Deposits, CBLO & Others
3.83%
96.17%G-Secs
GOVERNMENT SECURITIES: 96.17%
9.23% Government Of India 2043 41.90%
8.83% Government Of India 2041 12.52%
9.15% Government Of India 2024 7.61%
9.2% Government Of India 2030 6.97%
8.83% Government Of India 2023 6.52%
8.3% Government Of India 2042 5.78%
8.28% Government Of India 2027 4.60%
8.15% Government Of India 2022 4.45%
8.2% Government Of India 2023 2.94%
8.23% Government Of India 2027 2.89%
7 years & above2 to 7 years
Less than 2years
93.35%
4.53%
2.12%
Asset held as on 3 239.86 cr1st August 2016: `
Exposure to corporate debt has slightly increased to 89.96% from 89.94% and MMI has slightly decreased to 10.04% from 10.06% on a MOM basis. Over 79% of the fund remains invested in highest rated instruments.
Modified Duration: 4.11 yearsNAV as on 31st August 2016: ` 27.97
Objective: The investment fund option aims to achieve capital preservation along
with stable returns by investing in corporate bonds over medium-term period.
Strategy: The fund follows a strategy to invest in high credit rated corporate bonds,
maintaining a short-term duration of the portfolio at a medium level of risk to achieve
capital conservation.
Fund Snapshot Know the Fund Better
Group Bond Fund
ULGF00530/05/03BSLIGRBOND109
CORPORATE DEBT: 89.96%
9.25% Reliance Jio Infocomm Ltd 2024 5.33%
9.74% Tata Sons Ltd. 2024 5.19%
9.05% Petronet LNG Ltd. 2019 4.94%
9.5% HDFC Ltd. 2024 4.53%
8.54% NPC Of India Ltd. 2023 4.41%
8.57% REC Ltd. 2024 3.30%
9.15% ICICI Bank Ltd. 2022 3.11%
8.46% HDFC Ltd. 2026 3.01%
9.13% Cholamandalam Investment And Finance Co. Ltd. 2019 2.96%
8.9% Steel Authority Of India Ltd. 2019 2.92%
Other Corporate Debt 50.27%
MMI, Deposits, CBLO & Others: 10.04%
Benchmark: Crisil AAA Long Term Bond Index, Crisil AA Short Term Bond Index & Crisil Liquid Fund Index
Maturity Profile
Portfolio as on Wednesday, August 31, 2016
17
ASSET ALLOCATION
RATING PROFILE
Date of Inception: 28-Jan-07
Fund Manager: Parin Vora | Total Experience: 17 years
10.15%AA+
10.62%
AA
AAA
77.35%
1.41%A+
NCD
89.96%
MMI, Deposits, CBLO & Others
10.04%
0.47%
Sovereign
Gr. Bond BM
7 years & above2 to 7 years
Less than 2years
35.22%
54.11%
10.66%
Aug
-09
Feb-
10
Aug
-10
Feb-
11
Aug
-11
Feb-
12
Aug
-12
Feb-
13
Aug
-13
Feb-
14
Aug
-14
Feb-
15
Aug
-15
Feb-
16
Aug
-16
Asset held as on 3 1020.78 cr1st August 2016: ` Modified Duration: 5.96 yearsNAV as on 31st August 2016: ` 33.26
Objective: The investment fund option with full exposure in debt market instrument,
aims to achieve value creation at low risk over along-term horizon by investing into
high quality fixed interest securities.
Strategy: Active fund management at a medium level of risk by having entire
exposure to government securities, corporate bonds maintaining medium to long-
termduration of the portfolio to achieve capital conservation.
Fund Snapshot Know the Fund Better
Group Fixed Interest Fund
ULGF00416/07/02BSLGFIXINT109
GOVERNMENT SECURITIES: 49.53%
9.2% Government Of India 2030 9.11%
8.6% Government Of India 2028 6.51%
8.4% Government Of India 2024 6.31%
7.88% Government Of India 2030 5.73%
8.17% Government Of India 2044 5.53%
8.33% Government Of India 2026 3.41%
8.13% Government Of India 2045 2.71%
8.83% Government Of India 2041 2.68%
8.67% State Government Of Maharashtra 2026 2.11%
7.72% Government Of India 2025 2.03%
Other Government Securities 3.39%
8.75% HDFC Ltd. 2021 4.94%
9.25% Reliance Jio Infocomm Ltd 2024 3.00%
9.24% LIC Housing Finance Ltd. 2024 2.41%
9.55% Hindalco Industries Ltd. 2022 2.35%
9.2% Cholamandalam Investment And Finance Co. Ltd. 2019 1.62%
8.68% LIC Housing Finance Ltd. 2020 1.35%
8.48% LIC Housing Finance Ltd. 2026 1.32%
9.55% Hindalco Industries Ltd. 2022 1.17%
10.5% AU Financiers (India) Ltd 2019 1.15%
9.37% Power Finance Corpn. Ltd. 2024 1.08%
Other Corporate Debt 14.41%
CORPORATE DEBT: 34.80%
Maturity Profile
ASSET ALLOCATION
Benchmark: Crisil Composite Bond Fund index & Crisil Liquid Fund Index
MMI, Deposits, CBLO & Others: 15.67%
Portfolio as on Wednesday, August 31, 2016
18
RATING PROFILE
Date of Inception: 18-Nov-02
Fund Manager: Parin Vora | Total Experience: 17 years
49.53%G-Secs
MMI, Deposits, CBLO & Others
15.67%NCD
34.80%
Exposure to corporate debt has slightly decreased to 34.80% from 34.83% G-Secs has decreased to 49.53% from 53.84% and MMI has increased to 15.67% from 11.33% on a MOM basis. Over 85% of the fund remains invested in highest rated instruments.
AA-3.93%
5.76%A1+
1.29%A+
AAA
29.63%
55.35%
Sovereign
3.33%AA
0.71%AA+
FIF BM
7 years & above2 to 7 years
Less than 2years
66.66%
20.78%
12.56%
Au
g-0
9
Fe
b-1
0
Au
g-1
0
Fe
b-1
1
Au
g-1
1
Fe
b-1
2
Au
g-1
2
Fe
b-1
3
Au
g-1
3
Fe
b-1
4
Au
g-1
4
Fe
b-1
5
Au
g-1
5
Fe
b-1
6
Au
g-1
6
Asset held as on 3 3.98 cr1st August 2016: ` Modified Duration: 6.22 yearsNAV as on 31st August 2016: ` 17.32
Objective: The investment fund option with full exposure in debt market instrument,
aims to achieve value creation at low risk over along-term horizon by investing into
high quality fixed interest securities.
Strategy: Active fund management at a medium level of risk by having entire
exposure to government securities, corporate bonds maintaining medium to long-
term duration of the portfolio to achieve capital conservation.
Fund Snapshot Know the Fund Better
Group Fixed Interest Fund 2
ULGF01728/11/11BSLGFXINT2109
GOVERNMENT SECURITIES: 94.00%
8.2% Government Of India 2025 87.06%
7.88% Government Of India 2030 6.95%
8.99% Tata Capital Financial Services Limited 2017 2.53%
CORPORATE DEBT: 2.53%
Maturity Profile
ASSET ALLOCATION
Benchmark: Crisil Composite Bond Fund index & Crisil Liquid Fund Index
MMI, Deposits, CBLO & Others: 3.47%
Portfolio as on Wednesday, August 31, 2016
19
RATING PROFILE
Date of Inception: 28-Nov-11
Fund Manager: Parin Vora | Total Experience: 17 years
Exposure to corporate debt has slightly decreased to 2.53% from 2.55%, G-Secs has slightly decreased to 94.00% from 94.02% and MMI has slightly increased to 3.47% from 3.43% on a MOM basis. Over 97% of the fund remains invested in highest rated instruments.
AA+
2.62%
97.38%
Sovereign
7 years & above
Less than 2 years
97.18%%
2.82%%
94.00%G-Secs
MMI, Deposits, CBLO & Others
3.47% NCD2.53%
FIF 2 BM
Au
g-1
2
Feb
-13
Au
g-1
3
Feb
-14
Au
g-1
4
Feb
-15
Au
g-1
5
Feb
-16
Au
g-1
6