birla insurance group feb · pdf filemr. parin vora – assistant vice president -...
TRANSCRIPT
February 2017
Index
Secure Fund
Stable Fund
Stable Fund 2
Growth Fund
Growth Fund 2
Money Market Fund
Money Market Fund 2
Short Term Debt Fund 2
Short Term Debt Fund
Income Advantage Fund
Gilt Fund
Bond Fund
Fixed Interest Fund
Fixed Interest 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
Source: Tradingeconomics
Economy Review
The Union Budget unveiled earlier in February had laid emphasis on rural & social spending, improving
consumption by reducing taxes and adhering to the fiscal consolidation path. Markets reacted positively to the
budget primarily due to its adherance to the fiscal consolidaiton path. However, RBI surprised in their monetary
policy review meet by changing their stance from “accommodative” to “neutral” signalling the end of the two year
easing cycle. RBI also kept the key rates unchanged in the monetary policy meeting.
Voting for the state of Punjab, Goa and Uttarakhand concluded in the month of February. Voting for Manipur will
be taking place in March. Five phases on voting has concluded in Uttar Pradesh in February and remaining two
phases will be taking place in March. Results for all the five states are to be announced on 11th March. These
elections are crucial for the ruling party at the centre as it is happening after demonetisation.
On the economy front, IIP for December-16 decreased to 0.4 per cent compared to 5.4 per cent in November-16.
Market gained momentum due to various positive announcements by companies in the month –
1. Commercial launch of Reliance Jio and its prime membership program
2. Share buyback announced by Tata Consultancy Services (TCS)
3. Buying by FIIs in to HDFC Bank post opening of limits by RBI
4. Better than expected corporate result for the third quarter of FY17
Domestic macro economic data was mixed.
Inflation (CPI) for January-2017 was recorded at 3.2 per cent, lower than 3.4 per cent for the month of December-
2016. This was the lowest in the last 5 years. The decrease in inflation was led by lower food prices.
Source: Tradingeconomics
Market Update
2
Outlook for Equities
Outlook for Debt
Sensex gained around 4% in the month of February. FIIs turned net buyers in the month. They bought
$1.5bn in the month. Domestic institutions remained net buyers for the month. They bought $98mn in
January.
At a 15.8 multiple of FY18 earnings, markets are trading below their 15 year average. Investors in equity
funds can expect significant gains in long-term with higher growth in corporate earnings.
The 10 year government bond yield moved from 6.43 per cent to 6.9 per cent in the month. The
correction in yields was primarily due to change of RBI's stance.
We expect the 10 year G-sec yield to be in the range of 6.75 per cent to 7 per cent in the near term. The
corporate bond yields are expected to maintain a spread of 50 to 70 basis points on the upward side.
28-Feb-17 31-Jan-17 % ChangeINDEX
Nifty
Sensex
BSE 100
Dow Jones
Hang Seng
Nikkei
Nasdaq
8879.60 8561.30 3.72%
28743.32 27655.96 3.93%
9190.73 8831.71 4.07%
20812.24 19864.09 4.77%
19118.99 19041.34 0.41%
23740.73 23360.78 1.63%
5825.44 5614.79 3.75%
NSEBSE
4000
5000
6000
7000
8000
9000
10000
22000
23000
24000
25000
26000
27000
28000
29000
30000
Jan-1
7
Feb-1
6
Feb-1
7
Mar-
16
Apr-
16
May-
16
Jun-1
6
Jul-16
Aug-1
6
Sep-1
6
Oct
-16
Nov-
16
Dec-
16
Key Indices
10 year G-Sec
5 Year G-Sec
91 Day T Bill
364 day T-Bill
Call Rates
31-Jan-17 % Change
6.87% 6.41% 6.70%
6.80% 6.52% 4.12%
6.10% 6.20% -1.64%
6.21% 6.17% 0.64%
5.94% 6.00% -1.01%
28-Feb-17
bps
5 year AAA Corporate Bond Spread
Pe
rce
nta
ge
(%)
15
40
65
90
115
140
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
Jan-1
7
Feb-1
6
Feb-1
7
Mar-
16
Apr-
16
May-
16
Jun-1
6
Jul-16
Aug-1
6
Sep-1
6
Oct
-16
Nov-
16
Dec-
16
.
23.7542
Fund Managers Profile
Mr. Sameer Mistry
Mr. Sameer Mistry Joint Vice President Investments– -
Mr. Parin Vora – Assistant Vice President - Investments
3
Group Money Market Fund
Group Money Market Fund2
Group Short Term Debt Fund
Group Short Term Debt Fund 2
Group Income Advantage Fund
Group Gilt Fund
Group Bond Fund
Group Fixed Interest Fund
Group Fixed Interest Fund 2
Mr. Parin Vora
Mr. Parin Vora
Mr. Parin Vora
Mr. Parin Vora
Mr. Parin Vora
Mr. Parin Vora
Mr. Parin Vora
Mr. Parin Vora
Mr. Parin Vora
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
Debt Fund SFIN No Fund Manager
Group Secure Fund
Group Stable Fund
Group Stable Fund 2
Group Growth Fund
Group Growth Fund2
Group Growth Advantage Fund
Mr. Sameer Mistry
Mr. Sameer Mistry
Mr. Sameer Mistry
Mr. Sameer Mistry
Mr. Sameer Mistry
Mr. Sameer Mistry
Mr. Parin Vora
Mr. Parin Vora
Mr. Parin Vora
Mr. Parin Vora
Mr. Parin Vora
Mr. Parin Vora
ULGF00212/06/01BSLGSECURE109
ULGF00312/06/01BSLGSTABLE109
ULGF02228/11/11BSLGSTABL2109
ULGF00112/06/01BSLGGROWTH109
ULGF01828/11/11BSLGROWTH2109
ULGF01026/11/07BSLIGGRADV109
Balaced Fund SFIN NoEquity Debt
Fund Manager
Fund ManagerDebt Fund Balanced Fund Equity Fund
No. of Funds Managed
Mr. Parin Vora 9 6 -
Mr. Sameer Mistry - 6 -
Fund Performance as on 28th February 2017
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".
4
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
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
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
SecureFund
BMStableFund
BMStableFund 2
BMGrowthFund
BMGrowthFund 2
BM
Growth Advantage
BMMoney
Market Fund BM
Money Market Fund 2
BM BM BM
Absolute
CAGR
Returns Period BMBMGilt FundFixed
Interest Fund 2BM
Fixed Interest Fund
Bond FundIncome
Advantage Fund BM
Period
Fund NameBenchmark Composition
SFINWeightage Weightage WeightageIndex Index Index
-0.60 -0.41
-0.57 0.27
2.29 2.58
15.80 13.53
7.24 6.60
11.56 10.26
9.83 8.78
9.74 8.68
10.64 8.50
0.30 0.44
1.03 1.77
2.48 2.39
19.29 16.21
6.50 5.57
12.49 10.72
10.74 9.30
10.41 8.98
13.01 9.77
0.66 0.44
1.58 1.77
3.21 2.39
20.74 16.21
7.73 5.57
12.78 10.72
11.72 9.30
11.21 8.98
12.01 9.64
1.42 1.30
3.15 3.29
3.20 2.17
23.65 18.90
6.15 4.49
13.71 11.13
11.85 9.77
11.22 9.25
14.39 10.94
1.97 1.30
4.18 3.29
3.91 2.17
24.94 18.90
7.38 4.49
14.47 11.13
12.64 9.77
12.44 9.25
13.41 10.10
2.03 1.88
4.22 4.31
3.36 2.02
25.94 20.70
5.56 3.75
14.50 11.38
12.62 10.06
11.85 9.40
12.41 6.41
0.53 0.44
1.76 1.27
3.61 2.72
7.64 6.20
7.80 6.50
8.10 6.98
8.32 7.24
8.62 7.38
9.19 6.64
0.51 0.44
1.63 1.27
3.35 2.72
7.64 6.20
7.64 6.50
8.17 6.98
8.37 7.24
8.58 7.38
8.64 7.43
-0.03 -0.15
0.85 0.38
3.50 3.23
8.63 8.33
8.06 7.62
8.59 8.22
8.49 8.01
8.95 8.07
8.77 7.49
0.35 -0.15
1.49 0.38
3.76 3.23
9.25 8.33
8.78 7.62
9.52 8.22
9.46 8.01
10.08 8.07
10.06 8.11
-2.54
-5.14
0.61
13.62
7.90
11.58
8.44
8.84
7.32
-0.98 -0.37
-0.80 0.19
3.16 3.50
10.58 9.99
8.39 7.91
9.83 9.34
8.98 8.37
9.56 8.49
10.55 8.29
-2.13 -1.43
-3.15 -1.54
1.88 2.80
11.71 9.77
7.90 7.84
10.60 9.52
9.35 7.99
9.88 8.17
8.92 6.39
-1.84 -1.43
-3.08 -1.54
1.94 2.80
11.65 9.77
8.33 7.84
10.76 9.52
8.94 7.99
9.37 8.17
9.56 7.67
-1.45 -1.43
-2.41 -1.54
3.00 2.80
12.56 9.77
9.61 7.84
12.93 9.52
11.39 7.99
11.40 8.17
11.64 8.36
Asset held as on 2 ` 1620.62 cr8th February 2017:
RATING PROFILE
AUM (In Cr) as on 28th February 2017
Exposure to equities has slightly decreased to 19.56% from 19.75% G-Secs has to 46.58% from 47.87% and MMI has increased to 10.39% from 8.70% on a MOM basis. Over 88% 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.
decreased
Modified Duration: 5.93 yearsNAV as on 28th February 2017: 48.9176`
Maturity Profile
ASSET ALLOCATION
MMI, : Deposits, CBLO & Others 10.39%
Objective:
Strategy:
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.
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: 17 years
Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 17 years &
ULGF00212/06/01BSLGSECURE109
Benchmark: BSE 100, Crisil Composite Bond Index & Crisil Liquid Fund IndexFund
SECTORAL ALLOCATION
Portfolio as on Tuesday, February 28, 2017
Maturity Profile
Date of Inception: 19-Jun-01
5
Secure BM
GOVERNMENT SECURITIES: 46.58%
9.2% Government Of India 2030 14.75%
8.6% Government Of India 2028 5.69%
8.83% Government Of India 2023 5.23%
9.23% Government Of India 2043 4.47%
8.33% Government Of India 2026 3.72%
7.16% Government Of India 2023 1.23%
8.17% Government Of India 2044 1.23%
8.32% Government Of India 2032 1.13%
8.28% Government Of India 2032 1.03%
8.13% Government Of India 2022 1.01%
Other Government Securities 7.10%
8.45% HDFC Ltd. 2026 1.91%
9% Godrej And Boyce Manufacturing
Company Limited 2021 1.59%
8.15% Tata Steel Ltd. 2026 1.48%
8.9% Steel Authority Of India Ltd. 2019 1.20%
8.57% REC. Ltd. 2024 1.00%
8.39% Power Finance Corpn. Ltd. 2025 0.96%
8.042% Bajaj Finance Ltd. 2021 0.93%
9.25% PGC Of India Ltd. 2019 0.88%
9.15% ICICI Bank Ltd. 2022 0.66%
9.25% Reliance Jio Infocomm
Limited 2024 0.65%
Other Corporate Debt 12.21%
HDFC Bank Ltd. 1.47%
ICICI Bank Ltd. 1.26%
ITC Ltd. 1.19%
Reliance Industries Ltd. 1.08%
Infosys Ltd. 1.07%
State Bank Of India 0.85%
Kotak Mahindra Bank Ltd. 0.77%
Larsen & Toubro Ltd. 0.74%
Maruti Suzuki India Ltd. 0.69%
HDFC Ltd. 0.68%
Other Equity 9.75%
EQUITY: 19.56%CORPORATE DEBT: 23.47%
AAA
21.03%
64.91%
Sovereign
2.38%AA+
AA9.43%
2.24%
A1+
0.01%A+
317.03
Equity
1303.60
Debt
11.49%
1.88%
2.82%
6.23%
7.01%
7.52%
7.62%
8.55%
9.11%
13.11%
23.99%
OTHERS
POWER
METAL
AUTOMOBILE
CAPITAL GOODS
FINANCIAL SERVICES
FMCG
PHARMACEUTICALS
SOFTWARE / IT
OIL AND GAS
BANKING
7 years & above2 to 7 years
Less than 2years
57.42%
26.83%
15.75%
G-Secs23.47%46.58%
Equities
19.56%
MMI, Deposits, CBLO & Others
NCD
10.39%
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
Feb
-17
Asset held as on 2 397.71 cr8th February 2017: `
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: 6.34 yearsNAV as on 28th February 2017: 66.5886 `
SECTORAL ALLOCATION
Objective:
Strategy:
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.
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: 17 years
Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 17 years &
ULGF00312/06/01BSLGSTABLE109
Benchmark: BSE 100, Crisil Composite Bond Index & Crisil Liquid Fund IndexFund
Portfolio as on Tuesday, February 28, 2017
6
Date of Inception: 31-Aug-01
MMI, Deposits, CBLO & Others: 12.57%
ASSET ALLOCATION
Maturity Profile
Stable BM
GOVERNMENT SECURITIES: 43.20%
9.23% Government Of India 2043 8.62%
8.33% Government Of India 2026 7.48%
8.83% Government Of India 2023 5.41%
9.2% Government Of India 2030 4.32%
8.28% Government Of India 2032 3.41%
8.79% Government Of India 2021 3.05%
8.6% Government Of India 2028 2.73%
8.08% Government Of India 2022 1.65%
8.3% Government Of India 2040 1.35%
8.4% Government Of India 2024 1.35%
Other Government Securities 3.85%
8.65% REC Ltd. 2019 2.41%
8.9% LIC Housing Finance Ltd. 2020 1.30%
10.1% PGC Of India Ltd. 2017 1.27%
9.25% LIC Housing Finance Ltd. 2023 1.22%
9.25% Reliance Jio Infocomm
Limited 2024 0.98%
9.33% NABARD 2017 0.63%
8.95% Bajaj Finance Ltd. 2020 0.52%
8.95% HDFC Bank Ltd. 2022 0.36%
9.57% IRFC Ltd. 2021 0.35%
9.04% REC Ltd. 2019 0.26%
Other Corporate Debt 0.70%
HDFC Bank Ltd. 2.57%
ICICI Bank Ltd. 2.18%
ITC Ltd. 2.14%
Reliance Industries Ltd. 1.90%
Infosys Ltd. 1.88%
State Bank Of India 1.48%
Kotak Mahindra Bank Ltd. 1.34%
Larsen & Toubro Ltd. 1.30%
Maruti Suzuki India Ltd. 1.20%
HDFC Ltd. 1.20%
Other Equity 17.02%
EQUITY: 34.22%CORPORATE DEBT: 10.01%
NCD
34.22%
12.57%
Equities
43.20%G-Secs
MMI, Deposits, CBLO & Others
10.01%
AAA17.65%
Sovereign81.18%
AA+
AA1.07%
0.10%
AUM (In Cr) as on 28th February 2017
261.63
Debt
136.08
Equity
12.18%
1.88%
2.81%
6.24%
6.99%
7.49%
8.01%
8.33%
9.12%
13.09%
23.87%
OTHERS
POWER
METAL
AUTOMOBILE
CAPITAL GOODS
FINANCIAL SERVICES
FMCG
PHARMACEUTICALS
SOFTWARE / IT
OIL AND GAS
BANKING
7 years & above2 to 7 years
Less than 2years
53.61%
25.51%
20.88%
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
Feb
-17
Asset held as on 2 1.72 cr8th February 2017: `
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: 6.31 yearsNAV as on 28th February 2017: 18.1508 `
SECTORAL ALLOCATION
Objective:
Strategy:
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.
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: 17 years
Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 17 years &
ULGF02228/11/11BSLGSTABL2109
Benchmark: BSE 100, Crisil Composite Bond Index & Crisil Liquid Fund IndexFund
Portfolio as on Tuesday, February 28, 2017
7
MMI, Deposits, CBLO & Others: 11.82%
ASSET ALLOCATION
Maturity Profile
Stable 2 BM
GOVERNMENT SECURITIES: 49.58%
9.2% Government Of India 2030 13.33%
9.23% Government Of India 2043 10.32%
8.4% Government Of India 2024 9.35%
9.15% Government Of India 2024 8.38%
7.16% Government Of India 2023 8.19%
10.7% IRFC. Ltd. 2023 6.79% HDFC Bank Ltd. 2.25%
ITC Ltd. 2.13%
ICICI Bank Ltd. 2.05%
Reliance Industries Ltd. 1.89%
Infosys Ltd. 1.85%
State Bank Of India 1.40%
Maruti Suzuki India Ltd. 1.34%
Kotak Mahindra Bank Ltd. 1.26%
Larsen & Toubro Ltd. 1.22%
HDFC Ltd. 1.09%
Other Equity 15.33%
EQUITY: 31.82%CORPORATE DEBT: 6.79%
NCD6.79%
31.82%
Equities
49.58%G-Secs
MMI, Deposits, CBLO & Others
11.82%
Sovereign88.88%
AAA11.12%
AUM (In Cr) as on 28th February 2017
1.17
Debt
0.55
Equity
11.50%
1.97%
2.95%
6.86%
7.09%
7.27%
7.84%
8.01%
9.40%
13.55%
23.54%
OTHERS
POWER
METAL
AUTOMOBILE
CAPITAL GOODS
FINANCIAL SERVICES
FMCG
PHARMACEUTICALS
SOFTWARE / IT
OIL AND GAS
BANKING
7 years & above2 to 7 years
Less than 2years
62.07%
22.46%
15.47%
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
Fe
b-1
7
Asset held as on 2 511.57 cr8th February 2017: `
GOVERNMENT SECURITIES: 30.94%
8.83% Government Of India 2023 7.33%
8.33% Government Of India 2026 4.19%
8.6% Government Of India 2028 2.55%
9.53% State Government Of Gujrat 2024 2.16%
9.2% Government Of India 2030 2.01%
9.23% Government Of India 2043 1.85%
8.2% Government Of India 2022 1.75%
8.79% Government Of India 2021 1.69%
8.28% Government Of India 2032 1.25%
8.4% Government Of India 2024 1.05%
Other Government Securities 5.11%
HDFC Bank Ltd. 3.82%
ICICI Bank Ltd. 3.07%
ITC Ltd. 3.06%
Reliance Industries Ltd. 2.72%
Infosys Ltd. 2.69%
State Bank Of India 2.09%
Larsen & Toubro Ltd. 1.95%
Kotak Mahindra Bank Ltd. 1.89%
Maruti Suzuki India Ltd. 1.72%
HDFC Ltd. 1.71%
Other Equity 24.34%
RATING PROFILE
AUM (In Cr) as on 28th February 2017
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: 5.67 years
EQUITY: 49.08%
NAV as on 28th February 2017: 80.3815 `
CORPORATE DEBT: 12.58%
Maturity Profile
ASSET ALLOCATION
MMI, Deposits, CBLO & Others: 7.40%
SECTORAL ALLOCATION
Fund Snapshot Know the Fund Better
Benchmark: BSE 100, Crisil Composite Bond Index & Crisil Liquid Fund IndexFund
Group Growth Fund
ULGF00112/06/01BSLGGROWTH109
Portfolio as on Tuesday, February 28, 2017Date of Inception: 31-Aug-01
Fund Manager: 17 years
Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 17 years &
Fund Snapshot
8
Growth BM
9.34% REC Ltd. 2024 1.98%
8.7% Power Finance Corpn. Ltd. 2020 1.71%
8.55% Power Finance Corpn. Ltd. 2021 1.63%
8.45% HDFC Ltd. 2026 1.61%
NABARD 2017 0.80%
9.02% REC Ltd. 2022 0.75%
9.23% LIC Housing Finance Ltd. 2022 0.62%
9.57% LIC Housing Finance Ltd. 2017 0.59%
10.3% Tata Motors Ltd. 2018 0.41%
8.48% LIC Housing Finance Ltd. 2026 0.40%
Other Corporate Debt 2.09%
G-Secs
30.94%
49.08%
Equities
NCD
7.40%
MMI, Deposits, CBLO & Others12.58%
AAA
27.97%
71.09%
Sovereign
AA+
0.94%
251.06
Debt260.51
Equity
12.02%
1.87%
2.79%
6.21%
7.32%
7.42%
7.95%
8.27%
9.07%
13.22%
23.85%
OTHERS
POWER
METAL
AUTOMOBILE
CAPITAL GOODS
FINANCIAL SERVICES
FMCG
PHARMACEUTICALS
SOFTWARE / IT
OIL AND GAS
BANKING
7 years & above2 to 7 years
Less than 2years
42.70% 40.91%
16.39%
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
Feb
-17
Asset held as on 2 33.28 cr8th February 2017: `
GOVERNMENT SECURITIES: 16.22%
8.4% Government Of India 2024 8.05%
9.23% Government Of India 2043 3.55%
8.83% Government Of India 2023 3.27%
8.83% Government Of India 2041 1.36%
9.04% REC Ltd. 2019 4.71%
9.15% Larsen & Toubro Ltd. 2019 4.67%
9.64% PGC Of India Ltd. 2018 4.65%
9.33% NABARD 2017 4.54%
8.4% NPC Of India Ltd. 2027 3.17%
9.74% Tata Sons Ltd. 2024 0.98%
HDFC Bank Ltd. 3.80%
ITC Ltd. 3.05%
ICICI Bank Ltd. 3.04%
Reliance Industries Ltd. 2.71%
Infosys Ltd. 2.69%
State Bank Of India 2.07%
Larsen & Toubro Ltd. 1.94%
Kotak Mahindra Bank Ltd. 1.88%
Maruti Suzuki India Ltd. 1.71%
HDFC Ltd. 1.71%
Other Equity 23.24%
RATING PROFILE
AUM (In Cr) as on 28th February 2017
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: 3.69 years
EQUITY: 47.83%
NAV as on 28th February 2017: 19.3800 `
CORPORATE DEBT: 22.71%
Maturity Profile
ASSET ALLOCATION
MMI, Deposits, CBLO & Others: 13.23%
SECTORAL ALLOCATION
Fund Snapshot Know the Fund Better
Group Growth Fund 2
ULGF01828/11/11BSLGROWTH2109
Benchmark: BSE 100, Crisil Composite Bond Index & Crisil Liquid Fund IndexFund
Portfolio as on Tuesday, February 28, 2017
9
Fund Manager: 17 years
Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 17 years &
Growth 2 BM
G-Secs
22.71%
47.83%
Equities
16.22%
MMI, Deposits, CBLO & Others
NCD
13.23%
Sovereign
48.78%
51.22%
AAA
17.36
Debt
15.92
Equity
10.68%
1.91%
2.84%
6.34%
7.48%
7.57%
8.24%
8.27%
9.26%
13.13%
24.28%
OTHERS
POWER
METAL
AUTOMOBILE
CAPITAL GOODS
FINANCIAL SERVICES
FMCG
PHARMACEUTICALS
SOFTWARE / IT
OIL AND GAS
BANKING
7 years & above2 to 7 years
Less than 2years
31.69%
17.59%
50.72%
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
Fe
b-1
7
Asset held as on 2 51.28 cr8th February 2017: `
GOVERNMENT SECURITIES: 28.15%
9.2% Government Of India 2030 13.40%
8.33% Government Of India 2026 5.22%
8.83% Government Of India 2023 3.18%
8.6% Government Of India 2028 2.12%
8.83% Government Of India 2041 1.76%
7.8% Government Of India 2021 1.32%
9.23% Government Of India 2043 1.15%
HDFC Bank Ltd. 4.29%
ITC Ltd. 3.54%
ICICI Bank Ltd. 3.49%
Reliance Industries Ltd. 3.25%
Infosys Ltd. 3.21%
State Bank Of India 2.38%
Larsen & Toubro Ltd. 2.24%
Kotak Mahindra Bank Ltd. 2.15%
Maruti Suzuki India Ltd. 2.05%
HDFC Ltd. 1.97%
Other Equity 29.15%
RATING PROFILE
AUM (In Cr) as on 28th February 2017
96% 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: 6.07 years
EQUITY: 57.73%
NAV as on 28th February 2017: 28.7836 `
CORPORATE DEBT: 3.66%
Maturity Profile
ASSET ALLOCATION
SECTORAL ALLOCATION
Objective:
Strategy:
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.
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 Index & Crisil Liquid Fund IndexFund
Portfolio as on Tuesday, February 28, 2017
10
Date of Inception: 18-Feb-08
Fund Manager: 17 years
Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 17 years &
MMI, Deposits, CBLO & Others: 10.46%
Growth Advantage BM
8.57% REC Ltd. 2024 2.04%
9.05% Petronet LNG Ltd. 2019 1.41%
11.95% HDFC Ltd. 2018 0.21%
57.73%
Equities
G-Secs
28.15% 3.66%
NCD
MMI, Deposits, CBLO & Others
10.46%
Sovereign
89.91%
AAA6.20%
3.89%AA+
29.60
Equity
21.68
Debt12.74%
2.57%
2.72%
6.31%
7.10%
7.23%
7.92%
8.11%
9.24%
13.38%
22.68%
OTHERS
AUTO ANCILLIARY
METAL
AUTOMOBILE
CAPITAL GOODS
FINANCIAL SERVICES
FMCG
PHARMACEUTICALS
SOFTWARE / IT
OIL AND GAS
BANKING
7 years & above2 to 7 years
Less than 2years
62.32%
14.33% 23.35%
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
Fe
b-1
7
Asset held as on 2 88.99 cr8th February 2017: `
100% of the fund is invested in highest rated instruments.The fund continues to maintain very low maturity profile.
NAV as on 28th February 2017: 28.5336 `
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 Tuesday, February 28, 2017
11
Maturity Profile
Less than 2 years
100.00%
ASSET ALLOCATION
Date of Inception: 30-Mar-05
MMI, Deposits, CBLO & Others: 89.94%
MMI, Deposits, CBLO & Others
89.94%
RATING PROFILE
AUM (In Cr) as on 28th February 2017
AAA
A1+
12.46%
87.54%
MM BM
88.99
Debt
CORPORATE DEBT: 10.06%
9.5% HDFC Ltd. 2017 3.97%8% Mahindra Vehicle ManufacturersLimited 2017 3.83%
9.5% HDFC Ltd. 2017 2.26%
10.06%
NCD
Modified Duration: 0.02 years
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
Feb-
17
Asset held as on 2 0.28 cr8th February 2017: `
100% of the fund is invested in highest rated instruments.The fund continues to maintain very low maturity profile.
NAV as on 28th February 2017: 15.4639 `
Fund Snapshot Know the Fund Better
Group Money Market Fund 2Fund Manager: Parin Vora | Total Experience: 17 years
ULGF01928/11/11BSLGRMMKT2109
Benchmark: Liquid Fund IndexCrisil
Portfolio as on Tuesday, February 28, 2017
12
Maturity Profile
Less than 2 years
100.00%
ASSET ALLOCATION
RATING PROFILE
18.63%
A1+
Sovereign81.37%
MMI, Deposits, CBLO & Others: 48.74%
Money Market 2 BM
48.74%
51.26%
MMI, Deposits, CBLO & Others
G-Secs
AUM (In Cr) as on 28th February 2017
0.28Debt
GOVERNMENT SECURITIES: 51.26%
Government Of India 2017 51.26%
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
Fe
b-1
7
Exposure to corporate debt has slightly decreased to
75.03% from 75.71% and MMI has slightly increased to
24.97% from 24.29% on a MOM basis. Over 89% of the
fund is invested in highest rated instruments.
CORPORATE DEBT: 75.03%
NAV as on 28th February 2017: 19.9590 `
MMI, Deposits, CBLO & Others 24.97%:
Benchmark: Short Term Bond Fund IndexCrisil
Objective:
Strategy:
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.
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
ULGF01322/09/08BSLGSHTDBT109
Asset held as on 2 24.66 cr8th February 2017: ` Modified Duration: 2.60 years
Portfolio as on Tuesday, February 28, 2017
13
Maturity Profile
ASSET ALLOCATION
Date of Inception: 10-Dec-08
Fund Manager: Parin Vora | Total Experience: 17 years
MMI, Deposits, CBLO & Others
24.97%
NCD
75.03%
RATING PROFILE
AAA
89.43%
A+
10.57%
BMShort Term Debt
9.7% Power Finance Corpn. Ltd. 2021 8.73%
10.5% AU Financiers (India) Limited 2019 7.93%
9.15% Larsen & Toubro Ltd. 2019 7.56%
9.04% REC Ltd. 2019 6.36%
9.1% HDFC Bank Ltd. 2022 6.18%
9.9% HDFC Ltd. 2021 5.23%
8.68% LIC Housing Finance Ltd. 2020 5.00%
8.84% PGC Of India Ltd. 2019 4.23%
8.9% Indiabulls Housing Finance Ltd 2021 4.06%
6.99% Ultratech Cement Ltd. 2021 3.96%
Other Corporate Debt 15.81%
AUM (In Cr) as on 28th February 2017
24.66Debt
7 years & above2 to 7 years
Less than 2years
4.35%
75.20%
20.45%
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
Feb-
17
Exposure to corporate debt has decreased to 33.55% from 33.87% and MMI has slightly increased to 66.45% from 66.13% on a MOM basis. Over 100% of the fund is invested in highest rated instruments.
slightly
NAV as on 28th February 2017: 16.5523 `
MMI, Deposits, CBLO & Others 66.45%:
Benchmark: Short Term Bond Fund IndexCrisil
Objective:
Strategy:
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.
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 28 25.25 crth February 2017: ` Modified Duration: 0.74 years
Portfolio as on Tuesday, February 28, 2017
14
Maturity Profile
ASSET ALLOCATION
Fund Manager: Parin Vora | Total Experience: 17 years
33.55%
MMI, Deposits, CBLO & Others
66.45%
CORPORATE DEBT: 33.55%
RATING PROFILE
AAA
36.39%
A1+
48.83%
Sovereign
14.78%
BMShort Term Debt 2
NCD
8.58% HDFC Ltd. 2018 8.02%
8.7% Power Finance Corpn. Ltd. 2020 7.83%
9.25% PGC Of India Ltd. 2017 7.07%
9.33% NABARD 2017 3.99%
8.4% NPC Of India Ltd. 2027 3.34%
9.45% State Bank Of India 2026 1.69%
9.05% HDFC Ltd. 2018 1.21%
8.65% NTPC Ltd. 2019 0.41%
AUM (In Cr) as on 28th February 2017
25.25Debt
7 years & above2 to 7 years
Less than 2years
5.13% 7.97%
86.91%
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
Fe
b-1
7
Asset held as on 2 46.83 cr8th February 2017: `
100% of the fund remains invested in highest rated instruments.
Modified Duration: 6.45 yearsNAV as on 28th February 2017: 18.8546 `
CORPORATE DEBT: 42.65%
Benchmark: Crisil Composite Bond index & Crisil Liquid Fund IndexFund
Fund Snapshot Know the Fund Better
Group Income Advantage Fund
ULGF01425/02/10BSLGINCADV109
Portfolio as on Tuesday, February 28, 2017
Maturity Profile
ASSET ALLOCATIONRATING PROFILE
GOVERNMENT SECURITIES: 51.74%
9.23% Government Of India 2043 15.39%
8.83% Government Of India 2023 11.60%
8.13% Government Of India 2045 5.22%
8.2% Government Of India 2022 4.79%
7.5% Government Of India 2034 4.49%
8.08% Government Of India 2022 2.35%
8.15% Government Of India 2022 2.32%
8.4% Government Of India 2024 2.29%
8.3% Government Of India 2023 1.28%
7.8% Government Of India 2021 1.22%
Other Government Securities 0.77%
9.34% REC Ltd. 2024 8.13%
9.9% HDFC Ltd. 2021 5.73%
8.08% Tata Sons Ltd. 2026 5.32%
9.37% Power Finance Corpn. Ltd. 2024 4.63%
9.15% Export Import Bank Of India 2022 4.58%
8.65% India Infradebt Ltd 2026 4.33%
9.25% Reliance Jio Infocomm
Limited 2024 3.39%
9.02% REC Ltd. 2022 2.96%
8.57% REC Ltd. 2024 2.24%
8.4% NPC Of India Ltd. 2027 1.13%
Other Corporate Debt 0.23%
MMI, Deposits, CBLO & Others 5.62%:
15
Date of Inception: 23-Mar-10
Fund Manager: Parin Vora | Total Experience: 17 years
NCD
42.65%5.62%
MMI, Deposits, CBLO & Others
51.74%G-Secs
54.81%
Sovereign
AAA
45.19%
Gr. Inc Adv BM
AUM (In Cr) as on 28th February 2017
46.83Debt
7 years & above2 to 7 years
Less than 2years
58.94%
38.11%
2.94%
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
Fe
b-1
7
Asset held as on 2 17.13 cr8th February 2017: `
Exposure to G-Secs has decreased to 74.40% from 83.50% and MMI has increased to 25.60% from 16.50% on a MOM basis.
Modified Duration: 7.71 yearsNAV as on 28th February 2017: 24.7943 `
Fund Snapshot Know the Fund Better
Group Gilt Fund
ULGF00630/05/03BSLIGRGILT109
MMI, Deposits, CBLO & Others 25.60%:
Maturity Profile
ASSET ALLOCATION
Portfolio as on Tuesday, February 28, 2017
RATING PROFILE
16
Sovereign100.00%
Date of Inception: 28-Apr-04
Fund Manager: Parin Vora | Total Experience: 17 years
GOVERNMENT SECURITIES: 74.40%
9.23% Government Of India 2043 37.94%
8.83% Government Of India 2041 8.24%
9.15% Government Of India 2024 5.17%
9.2% Government Of India 2030 4.68%
8.83% Government Of India 2023 4.44%
8.3% Government Of India 2042 3.84%
8.28% Government Of India 2027 3.09%
8.15% Government Of India 2022 3.07%
8.2% Government Of India 2023 1.98%
8.23% Government Of India 2027 1.95%
AUM (In Cr) as on 28th February 2017
17.13Debt
MMI, Deposits, CBLO & Others
25.60%
74.40%G-Secs
7 years & above2 to 7 years
Less than 2years
65.80%
9.62% 24.58%
Asset held as on 2 247.56 cr8th February 2017: `
Exposure to corporate debt has decreased to 90.52% from 91.06% and MMI has increased to 9.48% from 8.94% on a MOM basis. Over 81% of the fund remains invested in highest rated instruments.
Modified Duration: 4.42 yearsNAV as on ` 28th February 2017: 28.8532
Objective:
Strategy:
The investment fund option aims to achieve capital preservation along
with stable returns by investing in corporate bonds over medium-term period.
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: 90.52%
9.25% Reliance Jio Infocomm
Limited 2024 5.13%
9.74% Tata Sons Ltd. 2024 4.98%
9.05% Petronet LNG Ltd. 2019 4.81%
9.5% HDFC Ltd. 2024 4.38%
8.54% NPC Of India Ltd. 2023 4.24%
Tata Sons Ltd. 2029 4.12%
7.63% Power Finance Corpn. Ltd. 2026 3.59%
8.57% REC Ltd. 2024 3.17%
9.15% ICICI Bank Ltd. 2022 3.01%
8.46% HDFC Ltd. 2026 2.92%
Other Corporate Debt 50.16%
MMI, Deposits, CBLO & Others 9.48%:
Benchmark: AAA Medium Term Bond Index, AA Medium Term Bond Index & Liquid Fund IndexCrisil Crisil Crisil
Maturity Profile
Portfolio as on Tuesday, February 28, 2017
17
ASSET ALLOCATION
RATING PROFILE
Date of Inception: 28-Jan-07
Fund Manager: Parin Vora | Total Experience: 17 years
8.12%AA
9.94%
AA+
AAA
81.48%
A+
0.46%
Gr. Bond BM
MMI, Deposits, CBLO & Others
9.48%
90.52%NCD
AUM (In Cr) as on 28th February 2017
247.56
Debt
7 years & above2 to 7 years
Less than 2years
39.65% 50.44%
9.91%
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
Feb
-17
Asset held as on 2 1104.21 cr8th February 2017: ` Modified Duration: 6.35 yearsNAV as on ` 28th February 2017: 33.8879
Objective:
Strategy:
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.
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: 45.31%
8.13% Government Of India 2045 6.01%
8.6% Government Of India 2028 5.90%
7.61% Government Of India 2030 5.58%
8.17% Government Of India 2044 5.40%
8.4% Government Of India 2024 4.50%
8.33% Government Of India 2026 3.62%
9.2% Government Of India 2030 3.37%
8.83% Government Of India 2041 2.38%
6.57% Government Of India 2033 2.11%
8.67% State Government Of
Maharashtra 2026 1.93%
Other Government Securities 4.53%
8.75% HDFC Ltd. 2021 4.58%
9.25% Reliance Jio Infocomm
Limited 2024 2.76%
8.3% REC Ltd. 2025 2.33%
9.24% LIC Housing Finance Ltd. 2024 2.23%
9.55% Hindalco Industries Ltd. 2022 2.19%
8.9% Indiabulls Housing
Finance Ltd 2021 1.72%
9.2% Cholamandalam Investment And
Finance Co. Ltd. 2019 1.51%
8.92% Tata Capital Financial
Services Limited 2026 1.36%
7.6% ICICI Bank Ltd. 2023 1.34%
8.65% Power Finance Corpn. Ltd. 2024 1.33%
Other Corporate Debt 23.35%
CORPORATE DEBT: 44.69%
Maturity Profile
ASSET ALLOCATION
Benchmark: Crisil Composite Bond Fund index & Crisil Liquid Fund Index
MMI, Deposits, CBLO & Others 10.00%:
Portfolio as on Tuesday, February 28, 2017
18
RATING PROFILE
Date of Inception: 18-Nov-02
Fund Manager: Parin Vora | Total Experience: 17 years
45.31%G-Secs
MMI, Deposits, CBLO & Others
10.00%NCD
44.69%
Exposure to corporate debt has slightly increased to 44.69% from 44.59% G-Secs has decreased to 45.31% from 51.92% and MMI has increased to 10.00% from 3.49% on a MOM basis. Over 88% of the fund remains invested in highest rated instruments.
AA-3.64%5.13%
AA
AAA
37.61%
50.34%
Sovereign
2.03%AA+
FIF BM
1.24%A+
AUM (In Cr) as on 28th February 2017
1104.21
Debt
7 years & above2 to 7 years
Less than 2years
68.78%
23.32%
7.90%
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
Fe
b-1
7
Asset held as on 2 3.68 cr8th February 2017: ` Modified Duration: 5.84 yearsNAV as on ` 28th February 2017: 17.8393
Objective:
Strategy:
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.
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: 93.72%
8.2% Government Of India 2025 92.03%
7.88% Government Of India 2030 1.69%
8.99% Tata Capital Financial Services
Limited 2017 2.73%
CORPORATE DEBT: 2.73%
Maturity Profile
ASSET ALLOCATION
Benchmark: Crisil Composite Bond index & Crisil Liquid Fund IndexFund
MMI, Deposits, CBLO & Others 3.56%:
Portfolio as on Tuesday, February 28, 2017
19
RATING PROFILE
Fund Manager: Parin Vora | Total Experience: 17 years
Exposure to corporate debt has slightly increased to 2.73% from 2.66% G-Secs has slightly increased to 93.72% from 93.44% and MMI has slightly decreased to 3.56% from 3.90% on a MOM basis. Over 97% of the fund remains invested in highest rated instruments.
AA+
2.83%
97.17%
Sovereign
93.72%G-Secs
MMI, Deposits, CBLO & Others
3.56%NCD
2.73%
FIF 2 BM
AUM (In Cr) as on 28th February 2017
3.68Debt
7 years & above
Less than 2 years
97.03%
2.97%
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
Fe
b-1
7