canara factsheet april 21

MONTHLY INVESTMENTNEWSLETTER

APRIL

Data Sources: The factual information mentioned above pertaining to market performance has been taken from National Stock Exchange website, CRISIL Customized Bond fund index, Reserve Bank of India and Bloomberg.

Market commentary April 2021 Nifty 50 remained resilient, falling only 0.4% in the month of April in 2021, compared to far steeper fall seen during the early phase of the first COVID wave last year. Better preparedness of both the government and businesses, vaccination drive and the general policy direction towards partial lock downs (versus full lock down last year) have put the equity markets in a 'see through' mode for now. Earnings growth is expected to be healthy in 4QFY21 due to low base. We may see impact on the earnings in 1QFY21 due to lockdowns. However, long term growth remains intact due to vaccination programme and government reforms. Metal prices have continued their uptrend through April due to supply constraints and expected to remain higher due to cancellation of tax rebate on multiple steel exports by China; which is likely to have earning upgrades of metal companies, but likely to impact end user industries. Even though the equity markets are showing resilience, the volatility remains high given the uncertainty in the environment. Foreign Institutions (FII) sold Rs.2,655.7 crores (approx.) worth of equities in the April month and Domestic Institutions sold Rs.476.9 crores (approx.) worth of equities.

The month of April started with the Monetary Policy Committee (MPC) continuing to maintain its commitment of holding onto the current policy rates and its accommodative stance. While the MPC acknowledged risk to both inflation and growth but we feel that the Reserve Bank of India would hold on to the policy rates till growth recovers unconditionally on a durable basis. RBI also decided to experiment with pre committed secondary market purchase called G-SAP (Gsec secondary market acquisition programme). Under the programme, the RBI will commit up front to a specific amount of open market purchases of government securities with a view to enabling a stable and orderly evolution of the yield curve amidst comfortable liquidity conditions. The endeavor is to ensure congenial financial conditions for the recovery to gain traction. RBI announced a G-SAP of ?1 lakh crore for Q1 2021-22. Other than the above it also mentioned extension of Targeted Long term Repo (TLTRP) program till September 2021 to provide liquidity support to key sectors.

On the global front the US saw its Q1CY21 GDP rise to 6.4% from 4.3% sequentially led by growth in personal consumption growth of 10.7% QoQ. China saw its manufacturing Purchasing Manager Index(PMI) moderate to 51.1 in Apr'21 from 51.9 signaling some moderation in recovery. There was a drop in export order (50.4 in Apr from 51.2 in Mar'21). Non manufacturing PMI too eased to 54.9 in Apr'21 from 56.3 in Mar'21.Globally the yields continued to remain firm driven by optimism on Global recovery and higher vaccination. Crude prices also remained elevated supported by recovery in US and Eurozone.

Going forward we believe, the MPC will keep the repo rate unchanged and remain accommodative in the foreseeable future. Even as inflation remains a concern, the RBI will use the available policy space innovatively in order to support growth and maintain adequate liquidity. While the ongoing surge in COVID-19 cases remains a cause of concern we still believe that the impact on GDP for the full year may not be substantially high. We therefore, continue to expect the yields to remain range bound.

Equities by nature are a volatile asset class and in general, provide higher return than other asset classes in the long term to compensate for the volatility. Long term horizon in equity investments is best suited to maximize the returns.

3

DEVEN SANGOIFROM THE CIO'S DESK

EQUITYFUND The Fund's primary objective is to have high capital appreciation through

investment in equities. To maintain liquidity, the fund will invest in cash and money market instruments.

DATE OF INCEPTIONTH16 JUNE 2008

BENCHMARK: Nifty 50 thFund Performance as on 30 April 2021

98.5%Actual Allocation

605.2AUM^ INRs. Crore

TOTAL100.0%Actual Allocation


0%-40%Money MarketInstruments and Others 60%-100%

Equity and EquityRelated Instruments

^Assets Under Management1.5%Actual Allocation

9.0AUM^ INRs. Crore

TOP 10 INDUSTRY SECTOR EXPOSURE (%)

Fund Benchmark

THTOP 10 HOLDING AS ON 30 APRIL 2021 %

CREDIT RATING

PROFILE

100.00%AAA & Equivalent*

100.00%Upto 1 Year

*Includes Gsec, SDL, Tbill, TripartyRepo and Reverse Repo

NUMBEROFFUNDSMANAGED

MATURITYPROFILE

BALWINDER SINGH 4

Equity Fund benchmark is Nifty 50Modified Duration of Debt and Money Market: 0.01 yearsPast performance is not indicative of future performanceThe SFIN for Equity Fund is ULIF00116/06/08EQUITYFUND136

th NAV as on 30 April 2021: Rs. 30.6674

EQUITY-2

DEBT-0

HYBRID-0

OTHERFINANCIAL AND INSURANCE ACTIVITIES

COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES

MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS

MANUFACTURE OF COKE AND REFINED PETROLEUM PRODUCTS

MANUFACTURE OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL PRODUCTS

MANUFACTURE OF BASIC METALS

MANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERS

CIVIL ENGINEERING

MANUFACTURE OF OTHER NON-METALLIC MINERAL PRODUCTS

MANUFACTURE OF TOBACCO PRODUCTS

MUTUAL FUND (INCLUDING ETF)

OTHERS

Equity 98.5

Reliance Industries Limited 7.5

Infosys Limited 6.6

Housing Development Finance Corporation Limited 6.0

Nippon India ETF Bank BeES 5.6

Kotak Banking ETF 5.6

ICICI Bank Limited 4.8

HDFC Bank Limited 4.8

Hindustan Unilever Limited 3.3

ICICI Prudential IT ETF 3.0

Tata Consultancy Services Limited 3.0

Others 48.3

Money Market Instruments & Others 1.5

Total 100.0

23.3

12.3

8.6 8.6

4.63.8 3.3

2.6 2.5 2.3

14.2 13.9

0

5

10

15

20

25

9.1%6.4% 8.8%

43.8%

23.6%

-0.3%

9.5% 10.8% 11.6%

48.4%

25.7%

-0.4%-10%

0%

10%

20%

30%

40%

50%

60%

Inception 3 yrs 2 yrs 1 yr 6 M 1 M

EQUITY IIFUND The Fund’s primary objective is to have high capital appreciation through investment

in equities. To maintain liquidity, the Fund will invest in cash and money market instruments.

DATE OF INCEPTIONTH07 JANUARY 2010

BENCHMARK: Nifty 50


2,606.0AUM^ INRs. Crore








OTHERFINANCIAL AND INSURANCE ACTIVITIES







CIVIL ENGINEERING




OTHERS

Fund Benchmark

Equity II Fund benchmark is Nifty 50Modified Duration of Debt and Money Market: 0.01 yearsPast performance is not indicative of future performanceThe SFIN for Equity II Fund is ULIF00607/01/10EQUTYIIFND136



CREDIT RATING

PROFILE


100.00%Upto 1 Year


EQUITY-1

DEBT-0

HYBRID-0

MATURITYPROFILE

DEVEN SANGOI 5


thFund Performance as on 30 April 2021

Equity 97.2


Infosys Limited 7.4






Bharti Airtel Limited 3.3


Larsen & Tourbo Limited 2.9

Others 44.3


Total 100.0

24.1

13.1

8.27.3

4.63.4 2.9 2.9 2.6 2.3

13.714.7

0

5

10

15

20

25

8.3%5.4% 7.7%

44.3%

24.1%

-0.6%

9.5% 10.8% 11.6%

48.4%

25.7%

-0.4%-10%

0%

10%

20%

30%

40%

50%

60%


BENCHMARK: Nifty 50 and CRISIL Composite Bond Fund Index


GROWTHFUND




FUND MANAGER


Fund Benchmark


2.36%AA & Equivalent

0.00%A & Below A

43.75%

16.80%Up to 1 year

More than 1 year and upto 7 years

39.44%Above 7 years

The Fund invests in listed equities and high quality fixed income and money market instruments. The Fund intends to adopt relatively aggressive approach towards bonds and equities with the objective of achieving capital appreciation.

Growth Fund benchmark is 80% Nifty 50 and 20% CRISIL Composite BondFund IndexModified Duration of Debt and Money Market: 4.76 yearsPast performance is not indicative of future performanceThe SFIN for Growth Fund is SFIN:ULIF00216/06/08GROWTHFUND136

0% - 40%Money MarketInstruments and Others


4.0AUM^ INRs. Crore





^Assets Under Management



THTOP 10 HOLDING AS ON 30 APRIL 2021

6

Number of Funds Managed

Equity - 2Debt - 0Hybrid - 6

VIKAS GUPTA ABHISHEK DAS


%

50%-90%Equity and EquityRelated Instruments 10%-50%

Debt and DebtRelated Instruments

FINANCIAL AND INSURANCE ACTIVITIES








CIVIL ENGINEERING



OTHERS

OTHER

CREDIT RATING

PROFILE

MATURITYPROFILE

Equity 80.1

Infosys Limited 7.5









Axis Bank Limited 2.1

Others 36.7

Government Securities 12.3

6.79% Govt. of India (MD 15/05/2027) 2.7

5.85% Govt. of India (MD 01/12/2030) 1.4

6.45% Govt. of India (MD 07/10/2029) 1.4

5.15% Govt. of India (MD 09/11/2025) 1.2

7.72% Govt. of India (MD 15/06/2049) 1.0

7.26% Govt. of India (MD 14/01/2029) 0.9

6.78% Maharastra State Dev. Loan (MD 23/09/2032) 0.8

7.59% Govt. of India (MD 11/01/2026) 0.6

6.19% Govt. of India (MD 16/09/2034) 0.5

7.61% Govt. of India (MD 09/05/2030) 0.5

Others 1.4

Corporate Debt 4.4

9.00% Power Finance Corp. Limited (MD 11/03/2028) 0.9

10.40% Sikka Ports & Terminals Limited (MD 18/07/2021) 0.8

9.75% Rural Electrification Corp. Limited (MD 11/11/2021) 0.7

8.01% L&T Infra Debt Fund Limited (MD 08/06/2022) 0.6

7.75% India Infradebt Limited (MD 30/08/2022) 0.6

8.25% The Great Eastern Shipping Company Limited (MD 25/05/2027) 0.4



Total 100.0

23.8

12.7

7.26.4

4.43.5 2.8 2.6 2.4 2.0

3.8

28.4

0

5

10

15

20

25

30

9.0%5.4%

8.5%

36.3%

19.1%

-0.6%

9.0% 10.3% 11.0%

39.9%

20.6%

-0.2%-10%

0%

10%

20%

30%

40%

50%




GROWTH IIFUND




FUND MANAGER


Fund Benchmark



0.00%A & Below A

42.13%

6.94%Up to 1 year


50.93%Above 7 years


Growth II Fund benchmark is 80% Nifty 50 and 20% CRISIL Composite BondFund IndexModified Duration of Debt and Money Market: 5.39 yearsPast performance is not indicative of future performanceThe SFIN for Growth II Fund is ULIF00707/01/10GROWTIIFND136



2.7AUM^ INRs. Crore











7





%









CIVIL ENGINEERING



OTHERS

OTHER

CREDIT RATING

PROFILE

MATURITYPROFILE

Equity 80.5

Infosys Limited 7.5










Others 36.6


6.45% Govt. of India (MD 07/10/2029) 2.6

7.72% Govt. of India (MD 15/06/2049) 1.7

6.79% Govt. of India (MD 15/05/2027) 1.4

7.95% Govt. of India (MD 28/08/2032) 1.4

5.85% Govt. of India (MD 01/12/2030) 1.1

7.26% Govt. of India (MD 14/01/2029) 0.9

7.61% Govt. of India (MD 09/05/2030) 0.8

5.79% Govt. of India (MD 11/05/2030) 0.4

7.59% Govt. of India (MD 11/01/2026) 0.4

6.90% Govt. of India Oil Bond (MD 04/02/2026) 0.1

Others 0.2

Corporate Debt 5.8


8.01% L&T Infra Debt Fund Limited (MD 08/06/2022) 1.2


8.25% The Great Eastern Shipping Company Limited (MD 25/05/2027) 0.5

8.60% NIIF Infrastructure Finance Limited (MD 25/08/2021) 0.5

8.70% Great Eastern Shipping Co Limited (MD 06/05/2026) 0.4




Total 100.0

24.1

12.9

7.46.2

4.43.5 2.8 2.6 2.4 2.1

3.7

28.0

0

5

10

15

20

25

30

8.8%5.7%

8.8%

37.1%

19.4%

-0.6%

9.0% 10.3% 11.1%

40.0%

20.7%

-0.2%-10%

0%

10%

20%

30%

40%

50%




GROWTHPLUS FUND

DATE OF INCEPTIONTH13 SEPTEMBER 2010



FUND MANAGER


Fund Benchmark



0.00%A & Below A

59.81%

6.57%Up to 1 year


33.63%Above 7 years


Growth Plus Fund benchmark is 80% Nifty 50 and 20% CRISIL Composite Bond Fund IndexModified Duration of Debt and Money Market: 4.81 yearsPast performance is not indicative of future performanceThe SFIN for Growth Plus Fund is ULIF00913/09/10GROWTPLFND136














8





%








CIVIL ENGINEERING




OTHERS

OTHER

CREDIT RATING

PROFILE

MATURITYPROFILE

Equity 80.6Infosys Limited 7.5Reliance Industries Limited 6.7HDFC Bank Limited 6.1Housing Development Finance Corporation Limited 5.7ICICI Bank Limited 4.4Nippon India ETF Bank BeES 3.5Tata Consultancy Services Limited 3.3Hindustan Unilever Limited 2.6Larsen & Tourbo Limited 2.5Bharti Airtel Limited 2.5Others 35.8Government Securities 14.36.79% Govt. of India (MD 15/05/2027) 5.16.45% Govt. of India (MD 07/10/2029) 3.77.17% Govt. of India (MD 08/01/2028) 1.27.59% Govt. of India (MD 11/01/2026) 0.86.78% Maharastra State Dev. Loan (MD 23/09/2032) 0.75.79% Govt. of India (MD 11/05/2030) 0.77.35% Govt. of India (MD 22/06/2024) 0.57.61% Govt. of India (MD 09/05/2030) 0.57.27% Govt. of India (MD 08/04/2026) 0.46.97% Govt. of India (MD 06/09/2026) 0.4Others 0.4Corporate Debt 3.28.60% NIIF Infrastructure Finance Limited (MD 25/08/2021) 0.58.01% L&T Infra Debt Fund Limited (MD 08/06/2022) 0.49.24% LIC Housing Finance Limited (MD 30/09/2024) 0.49.00% Power Finance Corp. Limited (MD 11/03/2028) 0.48.25% The Great Eastern Shipping Company Limited (MD 25/05/2027) 0.47.75% India Infradebt Limited (MD 30/08/2022) 0.39.30% L&T Infra Debt Fund Limited (MD 25/08/2023) 0.210.40% Sikka Ports & Terminals Limited (MD 18/07/2021) 0.28.70% Great Eastern Shipping Co Limited (MD 06/05/2026) 0.18.57% India Infradebt Limited (MD 23/06/2026) 0.1Others 0.2Money Market Instruments & Others 2.0Total 100.0

24.0

13.0

7.36.1

4.33.4 3.2 2.5 2.4 2.0

4.1

27.7

0

5

10

15

20

25

30

7.8%5.8%

9.3%

36.3%

19.1%

-0.4%

8.8%10.3% 11.0%

39.9%

20.7%

-0.2%-5%0%5%

10%15%20%25%30%35%40%45%




BALANCED FUND


*Includes Gsec, SDL, Tbill, Triparty Repo and Reverse Repo


FUND MANAGER


Fund Benchmark



0.59%A & Below A

51.24%

23.44%Up to 1 year


25.32%Above 7 years

The Fund adopts a relatively balanced approach towards bonds and equities exposure with the objective of achieving capital appreciation with minimal short-term performance volatility.

Balanced Fund benchmark is 50% Nifty 50 and 50% CRISIL Composite Bond Fund IndexModified Duration of Debt and Money Market: 4.32 yearsPast performance is not indicative of future performanceThe SFIN for Balanced Fund is ULIF00316/06/08BLNCEDFUND136














9





%








CIVIL ENGINEERING

WATER TRANSPORT


OTHERS

MATURITYPROFILE

CREDIT RATING

PROFILE

Equity 49.2HDFC Bank Limited 4.2Infosys Limited 4.1Reliance Industries Limited 3.9ICICI Bank Limited 3.7Housing Development Finance Corporation Limited 3.0Tata Consultancy Services Limited 2.5Kotak Mahindra Bank Limited 1.9Hindustan Unilever Limited 1.8Larsen & Tourbo Limited 1.4Axis Bank Limited 1.3Others 21.4Government Securities 21.97.57% Govt. of India (MD 17/06/2033) 5.16.79% Govt. of India (MD 15/05/2027) 2.45.15% Govt. of India (MD 09/11/2025) 2.37.72% Govt. of India (MD 15/06/2049) 1.98.83% Govt. of India (MD 12/12/2041) 1.97.26% Govt. of India (MD 14/01/2029) 1.66.45% Govt. of India (MD 07/10/2029) 1.67.35% Govt. of India (MD 22/06/2024) 1.57.17% Govt. of India (MD 08/01/2028) 1.47.59% Govt. of India (MD 11/01/2026) 0.8Others 1.5Corporate Debt 20.79.00% Power Finance Corp. Limited (MD 11/03/2028) 7.89.75% Rural Electrification Corp. Limited (MD 11/11/2021) 2.810.40% Sikka Ports & Terminals Limited (MD 18/07/2021) 1.99.24% LIC Housing Finance Limited (MD 30/09/2024) 1.79.00% Shriram Transport Finance Company Limited (MD 28/03/2028) 1.58.70% Great Eastern Shipping Co Limited (MD 06/05/2026) 1.47.90% Sikka Ports & Terminals Limited (MD 18/11/2026) 1.47.75% India Infradebt Limited (MD 30/08/2022) 0.88.51% India Infradebt Limited (MD 05/05/2026) 0.38.01% L&T Infra Debt Fund Limited (MD 08/06/2022) 0.3Others 0.7Money Market Instruments & Others 8.1Total 100.0

18.8

8.14.4 4.1

2.2 2.0 1.7 1.4 1.4 1.4

54.38

0

10

20

30

40

50

60

9.1%6.9%

9.2%

24.6%

11.7%

-0.1%

8.4%9.5% 10.3%

27.3%

13.2%

0.1%

-5%

0%

5%

10%

15%

20%

25%

30%




BALANCEDII FUND




FUND MANAGER


Fund Benchmark



0.89%A & Below A

42.53%

21.04%Up to 1 year


36.43%Above 7 years


Balanced II Fund benchmark is 50% Nifty 50 and 50% CRISIL Composite BondFund IndexModified Duration of Debt and Money Market: 4.52 yearsPast performance is not indicative of future performanceThe SFIN for Balanced II Fund is ULIF00807/01/10BLNCDIIFND136














10





%





WATER TRANSPORT





CIVIL ENGINEERING

OTHERS

MATURITYPROFILE

CREDIT RATING

PROFILE

Equity 51.2Reliance Industries Limited 4.9HDFC Bank Limited 4.3Infosys Limited 4.1ICICI Bank Limited 3.7Housing Development Finance Corporation Limited 3.0Tata Consultancy Services Limited 2.5Kotak Mahindra Bank Limited 2.0Hindustan Unilever Limited 1.9Larsen & Tourbo Limited 1.5Axis Bank Limited 1.3Others 22.0Government Securities 22.47.57% Govt. of India (MD 17/06/2033) 10.77.26% Govt. of India (MD 14/01/2029) 3.06.79% Govt. of India (MD 15/05/2027) 1.97.17% Govt. of India (MD 08/01/2028) 1.87.95% Govt. of India (MD 28/08/2032) 1.76.45% Govt. of India (MD 07/10/2029) 1.57.59% Govt. of India (MD 11/01/2026) 0.88.35% Uttar Pradesh State Dev. Loan (MD 02/06/2024) 0.46.90% Govt. of India Oil Bond (MD 04/02/2026) 0.25.85% Govt. of India (MD 01/12/2030) 0.1Others 0.1Corporate Debt 20.69.00% Power Finance Corp. Limited (MD 11/03/2028) 5.08.70% Great Eastern Shipping Co Limited (MD 06/05/2026) 3.09.24% LIC Housing Finance Limited (MD 30/09/2024) 2.110.40% Sikka Ports & Terminals Limited (MD 18/07/2021) 1.88.48% U.P. Power Corp. Limited (MD 15/03/2027) 1.68.51% India Infradebt Limited (MD 05/05/2026) 1.09.75% Rural Electrification Corp. Limited (MD 11/11/2021) 0.99.00% Shriram Transport Finance Company Limited (MD 28/03/2028) 0.88.38% NIIF Infrastructure Finance Limited (MD 12/10/2021) 0.89.61% Power Finance Corp. Limited (MD 29/06/2021) 0.7Others 2.8Money Market Instruments & Others 5.9Total 100.0

18.9

8.05.4 4.3 3.0 2.3 1.8 1.8 1.6 1.5

51.4

0

10

20

30

40

50

60

8.3%6.7%

9.1%

24.9%

11.8%

-0.1%

8.4%9.6% 10.4%

27.4%

13.2%

0.2%

-5%

0%

5%

10%

15%

20%

25%

30%




BALANCEDPLUS FUND




FUND MANAGER


Fund Benchmark



0.47%A & Below A

51.27%

16.24%Up to 1 year


32.49%Above 7 years


Balanced Plus Fund benchmark is 50% Nifty 50 and 50% CRISIL CompositeBond Fund IndexModified Duration of Debt and Money Market: 4.24 yearsPast performance is not indicative of future performanceThe SFIN for Balanced Plus Fund is ULIF01013/09/10BLNCDPLFND136














11



VIVEK VERMA ABHISHEK DAS


%







WATER TRANSPORT


CIVIL ENGINEERING


OTHERS

CREDIT RATING

PROFILE

MATURITYPROFILE

Equity 50.1HDFC Bank Limited 4.2Infosys Limited 4.0Reliance Industries Limited 4.0ICICI Bank Limited 3.5Housing Development Finance Corporation Limited 2.9Tata Consultancy Services Limited 2.5Kotak Mahindra Bank Limited 2.0Hindustan Unilever Limited 1.5Axis Bank Limited 1.5Larsen & Tourbo Limited 1.4Others 22.3Government Securities 24.87.27% Govt. of India (MD 08/04/2026) 3.86.79% Govt. of India (MD 15/05/2027) 3.56.45% Govt. of India (MD 07/10/2029) 2.47.17% Govt. of India (MD 08/01/2028) 2.27.59% Govt. of India (MD 11/01/2026) 1.87.26% Govt. of India (MD 14/01/2029) 1.66.97% Govt. of India (MD 06/09/2026) 1.46.84% Govt. of India (MD 19/12/2022) 1.05.15% Govt. of India (MD 09/11/2025) 0.86.19% Govt. of India (MD 16/09/2034) 0.8Others 5.2Corporate Debt 17.38.70% Great Eastern Shipping Co Limited (MD 06/05/2026) 1.77.92% Rural Electrification Corp. Limited (MD 30/03/2030) 1.58.48% U.P. Power Corp. Limited (MD 15/03/2027) 1.27.05% LIC Housing Fin. Limited (MD 21/12/2030) 1.08.80% Rural Electrification Corp. Limited (MD 22/01/2029) 0.98.37% Rural Electrification Corp. Limited (MD 07/12/2028) 0.99.24% LIC Housing Finance Limited (MD 30/09/2024) 0.99.00% Power Finance Corp. Limited (MD 11/03/2028) 0.89.00% Shriram Transport Finance Company Limited (MD 28/03/2028) 0.78.70% LIC Housing Finance Limited (MD 23/03/2029) 0.7Others 7.0Money Market Instruments & Others 7.8Total 100.0

19.3

8.14.7 3.8

2.1 1.8 1.7 1.7 1.4 1.3

54.1

0

10

20

30

40

50

60

7.7% 7.2%9.8%

24.9%

12.1%

-0.1%

8.2%9.4% 10.2%

27.2%

13.2%

0.1%

-5%

0%

5%

10%

15%

20%

25%

30%


BENCHMARK: CRISIL Composite BondFund Index


DEBTFUND

DATE OF INCEPTIONTH09 JULY 2008




Fund Benchmark



0.00%A & Below A

45.06%

12.73%Up to 1 year


42.21%Above 7 years

The Fund invests in a portfolio of high quality bonds and other fixed and floating rate securities issued by the Government, Government agencies and corporate issuers. To maintain liquidity, the Funds invests in the money market instruments.

Debt Fund benchmark is CRISIL Composite Bond Fund IndexModified Duration of Debt and Money Market: 4.44 yearsPast performance is not indicative of future performanceThe SFIN for Debt Fund is ULIF00409/07/08INDEBTFUND136



ABHISHEK DAS

EQUITY-0

DEBT-6

HYBRID-9


354.1 AUM^ INRs. Crore









OTHERS

CREDIT RATING

PROFILE

MATURITYPROFILE

Government Securities 45.40.00% Govt. of India (MD 17/06/2028) 5.77.26% Govt. of India (MD 14/01/2029) 5.66.84% Govt. of India (MD 19/12/2022) 5.37.27% Govt. of India (MD 08/04/2026) 4.67.59% Govt. of India (MD 11/01/2026) 4.16.79% Govt. of India (MD 15/05/2027) 3.90.00% Govt. of india (MD 15/09/2027) 2.65.94% Rajasthan State Dev. Loan (MD 09/04/2025) 2.58.28% Govt. of India (MD 15/02/2032) 1.77.29% Karnataka State Dev. Loan (MD 10/03/2039) 1.3Others 8.2Corporate Debt 44.16.79% Bharat Sanchar Nigam Limited (MD 23/09/2030) 6.07.79% Rural Electrification Corp. Limited (MD 21/05/2030) 3.28.55% Housing Dev. Finance Corp. Limited (MD 27/03/2029) 2.87.40% Reliance Industries Limited (MD 25/04/2025) 2.66.85% ICICI Pru Life Insurance Limited (06/11/2030) 2.08.55% Rural Electrification Corporation Limited (MD 09/08/2028) 2.07.79% Power Finance Corp. Limited (MD 22/07/2030) 1.96.05% HDB Financial Services Limited (MD 23/02/2024) 1.89.05% Reliance Industries Limited (MD 17/10/2028) 1.48.65% Reliance Industries Limited (MD 11/12/2028) 1.4Others 19.0Money Market Instruments & Others 10.5Total 100.0

12

9.86.1

84.1

0

10

20

30

40

50

60

70

80

90

8.9%

10.3%11.3%

8.0%

1.5%0.7%

7.6%8.5%

9.3%

6.5%

0.9% 0.7%

0%

5%

10%

15%


https://www.canarahsbclife.com/saving-plans.html

DEBTPLUS FUND

DATE OF INCEPTIONTH 15 SEPTEMBER 2010


The Fund invests in a portfolio of high quality bonds and other fixed and floating rate securities issued by the Government, Government agencies and corporate issuers. To maintain liquidity, the Funds invests in the money market instruments.

BENCHMARK: CRISIL Composite BondFund Index



Fund Benchmark

Debt Plus Fund benchmark is CRISIL Composite Bond Fund IndexModified Duration of Debt and Money Market: 4.75 yearsPast performance is not indicative of future performanceThe SFIN for Debt Plus Fund is ULIF01115/09/10DEBTPLFUND136




0.63%A & Below A

46.98%

10.84%Up to 1 year


42.18%Above 7 years


ABHISHEK DAS

EQUITY-0

DEBT-6

HYBRID-9







Debt and Debt Related Instruments



13



WATER TRANSPORT

OTHERS

CREDIT RATING

PROFILE

MATURITYPROFILE


0.00% Govt. of India (MD 17/06/2028) 6.9

6.79% Govt. of India (MD 15/05/2027) 4.9

7.26% Govt. of India (MD 14/01/2029) 4.2

0.00% Govt. of india (MD 15/09/2027) 3.9

7.59% Govt. of India (MD 11/01/2026) 3.0

0.00% Govt of India (MD 15/12/2027) 2.8

5.94% Rajasthan State Dev. Loan (MD 09/04/2025) 2.5

7.29% Karnataka State Dev. Loan (MD 10/03/2039) 2.1

6.79% Govt. of India (MD 26/12/2029) 1.7

8.28% Govt. of India (MD 15/02/2032) 1.7

Others 8.5

Corporate Debt 51.3

9.05% Reliance Industries Limited (MD 17/10/2028) 3.8

6.05% HDB Financial Services Limited (MD 23/02/2024) 3.0


6.79% Bharat Sanchar Nigam Limited (MD 23/09/2030) 2.7

8.15% Bajaj Finance Limited (MD 22/06/2027) 2.6


8.55% Rural Electrification Corporation Limited (MD 09/08/2028) 2.4


8.55% Housing Dev. Finance Corp. Limited (MD 27/03/2029) 2.2

9.00% Shriram Transport Finance Company Limited (MD 28/03/2028) 2.1

Others 24.8


Total 100.0

17.8

7.2

1.3

73.7

0

10

20

30

40

50

60

70

80

7.9%

9.6%

10.8%

8.1%

1.4%0.7%

7.2%8.0%

8.8%

6.1%

0.6% 0.7%

0%

4%

8%

12%


LIQUIDFUND

DATE OF INCEPTIONTH14 JULY 2008


This Fund primarily invests in a portfolio constituted of money market and high quality debt securities.

BENCHMARK: CRISIL Liquid Fund IndexthFund Performance as on 30 April 2021


Fund Benchmark

Liquid Fund benchmark is CRISIL Liquid Fund IndexModified Duration of Debt and Money Market: 0.87 yearsPast performance is not indicative of future performanceThe SFIN for Liquid Fund is ULIF00514/07/08LIQUIDFUND136




0.00%A & Below A

30.3%

69.7%Up to 1 year


0.0%Above 7 years


ABHISHEK DAS

EQUITY-0

DEBT-6

HYBRID-9










14



OTHERS

CREDIT RATING

PROFILEMATURITYPROFILE


7.68% Govt. of India (MD 15/12/2023) 2.8

8.18% Haryana State Dev. Loan (MD 15/06/2023) 2.8

9.13% Gujarat State Dev. Loan (MD 09/05/2022) 2.7

8.35% Govt. Of India (MD 14/05/2022) 2.7

6.94% Orissa State Dev. Loan (MD 26/07/2021) 1.6

9.37% Tamil Nadu State Dev. Loan (MD 06/11/2023) 1.4

8.85% Maharashtra State Dev. Loan (MD 18/7/2022) 1.4

7.21% Gujarat State Dev. Loan (MD 09/11/2022) 1.4

Corporate Debt 19.6

7.70% Bajaj Finance Limited (MD 28/12/2022) 4.1

6.95% Housing Dev. Finance Corp. Limited (MD 27/04/2023) 2.7




8.60% NIIF Infrastructure Finance Limited (MD 25/08/2021) 2.1

9.15% Kotak Infrastructure Debt Fund Limited (MD 28/06/2024) 1.4



Total 100.0

4.1 2.7

93.2

0

10

20

30

40

50

60

70

80

90

100

6.5%

2.5%2.8%

4.2%

1.6%

0.5%

6.6%

4.9%

4.1%

3.0%

1.3%

0.2%

0%

2%

4%

6%

8%


NAV GUARANTEEFUND

DATE OF INCEPTIONTH15 APRIL 2011






0.00%A & Below A

0.00%

100.00%Up to 1 year


0.00%Above 7 years

The Fund aims to generate long-term capital appreciation from active management of a portfolio of equity and fixed income securities. The allocation between equity and debt is dynamically managed, depending on the prevalent market conditions to safeguard capital appreciation. The use of derivatives is as per approved by IRDAI.







0.0AUM^ INRs. Crore


4.0AUM^ INRs. Crore





BENCHMARK: NAthFund Performance as on 30 April 2021

FUND MANAGER

Fund

Modified Duration of Debt and Money Market: 0.02 yearsPast performance is not indicative of future performanceThe SFIN for NAV Guarantee Fund is ULIF01215/04/11NAVGFUNDSI136



ABHISHEK DAS VIVEK VERMA


15

CREDIT RATING

PROFILE

MATURITYPROFILE


6.94% Orissa State Dev. Loan (MD 26/07/2021) 2.9


Total 100.0100.0

0

20

40

60

80

100

120

OTHERS

7.2%

4.3% 4.2%

3.2%

0.9%0.2%

0%

2%

4%

6%

8%


PENSIONGROWTH

FUND




The Fund invests in listed equities and high quality fixed income and money market instruments. The Fund intends to adopt a relatively aggressive approach towards bonds and equities with the objective of achieving capital appreciation.



4.9AUM^ INRs. Crore











BENCHMARK: Nifty 50 and CRISILComposite Bond Fund Index


FUND MANAGER

Fund Benchmark

Pension Growth Fund benchmark is 40% Nifty 50 and 60% CRISIL CompositeBond Fund IndexModified Duration of Debt and Money Market: 4.81 yearsPast performance is not indicative of future performanceThe SFIN for Pension Growth Fund is ULIF01405/11/15PENSGROFND136



ABHISHEK DAS VIVEK VERMA





0.00%A & Below A

50.62%

14.57%Up to 1 year


34.81%Above 7 years

FINANCIAL AND INSURANCE ACTIVITIESCOMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIESMANUFACTURE OF COKE AND REFINED PETROLEUM PRODUCTSMANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTSMANUFACTURE OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL PRODUCTSMANUFACTURE OF BASIC METALSMANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERSMANUFACTURE OF OTHER NON-METALLIC MINERAL PRODUCTSCIVIL ENGINEERINGMANUFACTURE OF TOBACCO PRODUCTSOTHERS

CREDIT RATING

PROFILE

MATURITYPROFILE

16

Equity 40.3HDFC Bank Limited 3.8Infosys Limited 3.5Reliance Industries Limited 3.5ICICI Bank Limited 3.2Housing Development Finance Corporation Limited 2.5Tata Consultancy Services Limited 1.8Hindustan Unilever Limited 1.4Axis Bank Limited 1.3Kotak Mahindra Bank Limited 1.3Larsen & Tourbo Limited 1.3Others 16.8Government Securities 46.16.79% Govt. of India (MD 15/05/2027) 7.67.59% Govt. of India (MD 11/01/2026) 4.77.27% Govt. of India (MD 08/04/2026) 4.66.97% Govt. of India (MD 06/09/2026) 4.67.29% Karnataka State Dev. Loan (MD 10/03/2039) 4.27.26% Govt. of India (MD 14/01/2029) 3.47.17% Govt. of India (MD 08/01/2028) 3.47.95% Govt. of India (MD 28/08/2032) 3.16.45% Govt. of India (MD 07/10/2029) 2.97.72% Govt. of India (MD 15/06/2049) 1.6Others 6.0Corporate Debt 6.57.79% Power Finance Corp. Limited (MD 22/07/2030) 3.19.75% Rural Electrification Corp. Limited (MD 11/11/2021) 1.410.40% Sikka Ports & Terminals Limited (MD 18/07/2021) 0.78.70% Great Eastern Shipping Co Limited (MD 06/05/2026) 0.59.45% LIC Housing Finance Limited (MD 30/01/2022) 0.59.25% Reliance Industries Limited (MD 16/06/2024) 0.38.00% Britannia Industries Limited (MD 28/08/2022) 0.1Money Market Instruments & Others 7.1Total 100.0

14.0

6.4 4.2 3.7 2.1 1.5 1.4 1.3 1.3 1.0

63.2

0

10

20

30

40

50

60

70

6.7% 6.9%

9.7%

19.9%

9.4%

0.3%

8.2%9.0% 9.8%

22.8%

10.6%

0.2%

0%

4%

8%

12%

16%

20%

24%


https://www.canarahsbclife.com/retirement-plans.html

PENSION BALANCED

FUND



This fund will invest in listed equities and high quality fixed income securities, and money market instruments. The fund intends to adopt skewed approach towards bonds and some exposure in equities with the objective of achieving capital appreciation with minimal short-term performance volatility.



Fund

Modified Duration of Debt and Money Market: 4.43 yearsPast performance is not indicative of future performanceThe SFIN for Pension Balanced Fund is ULIF01505/11/15PENSBALFND136




0.00%A & Below A

43.25%

25.39%Up to 1 year


31.36%Above 7 years


17

OTHERS

CREDIT RATING

PROFILE

FUND MANAGER





100.0

0

20

40

60

80

100

120

0%-80%Money MarketInstruments and Others


1.0AUM^ INRs. Crore




0.0AUM^ INRs. Crore


2.8AUM^ INRs. Crore



3.9AUM^ INRs. Crore

MATURITYPROFILE


6.97% Govt. of India (MD 06/09/2026) 24.5

6.22% Govt. of India (MD 16/03/2035) 13.7

6.45% Govt. of India (MD 07/10/2029) 13.1

5.15% Govt. of India (MD 09/11/2025) 12.8

7.17% Govt. of India (MD 08/01/2028) 5.5

6.80% Govt. of India (MD 15/12/2060) 2.6

7.26% Govt. of India (MD 14/01/2029) 1.1

6.19% Govt. of India (MD 16/09/2034) 0.5


Total 100.0

0.2%

0%

0.5%

1%

1.5%

2%

2.5%

Inception 6 M 1 M

1.7%

0.8%

To generate capital appreciation in the long term through equity investments by investing in a diversified portfolio of Small Cap, Mid Cap and Large Cap Companies.

DATE OF INCEPTIONTH 15 NOVEMBER 2016

BENCHMARK: Nifty 100 thFund Performance as on 30 April 2021










OTHER

Fund Benchmark

India Multi-Cap Equity Fund benchmark is Nifty 100Modified Duration of Debt and Money Market: 0.01 yearsPast performance is not indicative of future performanceThe SFIN for India Multi-cap Equity Fund is ULIF01816/08/16IMCAPEQFND136



CREDIT RATING

PROFILE


100.00%Upto 1 Year


EQUITY-2

DEBT-0

HYBRID-6

MATURITYPROFILE

VIKAS GUPTA 18










CIVIL ENGINEERING

MANUFACTURE OF MACHINERY AND EQUIPMENT N.E.C.


OTHERS

Equity 98.5

Infosys Limited 6.8










Others 52.4


Total 100.0

INDIA MULTI-CAP EQUITY FUND

22.8

12.2

8.8

7.1

5.33.8 3.5 3.5

2.7 2.0

11.6

16.9

0

5

10

15

20

25

11.5%5.6%

10.5%

45.5%

25.0%

-0.3%

13.9%9.9% 11.6%

47.8%

25.9%

-0.1%-10%

0%

10%

20%

30%

40%

50%

60%


LARGE CAP ADVANTAGE

FUND

DATE OF INCEPTIONTH16 OCTOBER 2020

To generate long term capital appreciation through investments predominantly in large cap stocks.


8.1AUM^ INRs. Crore


8.8AUM^ INRs. Crore




0.7AUM^ INRs. Crore



Equity 92.2



Infosys Limited 6.6







ITC Limited 2.7

Others 40.6


Total 100.0

BENCHMARK: Nifty 50 and CRISIL Liquid fund index


Large Cap Advantage Fund benchmark is 95% Nifty 50 and 5% CRISIL Liquid fund indexModified Duration of Debt and Money Market: 0.01 yearsPast performance is not indicative of future performanceThe SFIN for Large Cap Advantage Fund is ULIF02109/06/20LARCPADFND136

19

EQUITY-2

DEBT-0

HYBRID-6

VIKAS GUPTA


CREDIT RATING

PROFILE


100.00%Upto 1 Year


MATURITYPROFILE


Fund Benchmark

FINANCIAL AND INSURANCE ACTIVITIESCOMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIESMANUFACTURE OF COKE AND REFINED PETROLEUM PRODUCTSMANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTSMANUFACTURE OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL PRODUCTSMANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERSMANUFACTURE OF BASIC METALSMANUFACTURE OF TOBACCO PRODUCTSCIVIL ENGINEERINGMANUFACTURE OF FOOD PRODUCTSMUTUAL FUND (INCLUDING ETF)OTHERS

OTHER

23.5

13.8

10.1

6.1

3.4 3.1 3.0 2.7 2.4 2.1

11.8

18.0

0

5

10

15

20

25

22.3%

25.6%

-0.4%

23.2%24.4%

-0.4%-5%

0%

5%

10%

15%

20%

25%

30%

Inception 6 M 1 M

EMERGING LEADERSEQUITY FUND

The objective of this fund is to generate capital appreciation in the long term through investments predominantly in mid cap stocks

DATE OF INCEPTIONTH26 FEBRUARY 2018

BENCHMARK: Nifty Midcap 100thFund Performance as on 30 April 2021








1.1AUM^ INRs. Crore


Fund Benchmark

Emerging Leaders Equity Fund benchmark is Nifty Midcap 100Modified Duration of Debt and Money Market: 0.01 yearsPast performance is not indicative of future performanceThe SFIN for Emerging Leaders Equity Fund is ULIF02020/12/17EMLEDEQFND136The Benchmark of the fund has been changed from Nifty Midcap 50 to Nifty Midcap 100 with effect from 1st January 2021. The Benchmark performance given above for all tenures is as per Nifty Midcap 100.

th NAV as on 30 April 2021: Rs. 13.0294THTOP 10 HOLDING AS ON 30 APRIL 2021 %

CREDIT RATING

PROFILE


100.00%Upto 1 Year

MATURITYPROFILE


EQUITY-2

DEBT-0

HYBRID-0

BALWINDAR SINGH






MANUFACTURE OF ELECTRICAL EQUIPMENT


MANUFACTURE OF MACHINERY AND EQUIPMENT N.E.C.


MANUFACTURE OF COMPUTER, ELECTRONIC AND OPTICAL PRODUCTS

RETAIL TRADE, EXCEPT OF MOTOR VEHICLES AND MOTORCYCLES

OTHERS

Equity 99.4

Shriram Transport Finance Company Limited 2.3

Cholamandalam Investment and Finance Company Limited 2.3

AU Small Finance Bank Limited 2.1

Max Financial Services Limited 2.1

Federal Bank Limited 2.1

P I Industries Limited 2.0

Voltas Limited 2.0

Jindal Steel & Power Limited 1.9

Crompton Greaves Consumer Electricals Limited 1.9

Bharat Electronics Limited 1.9

Others 78.8


Total 100.0

20

8.7% 6.7%

18.9%

75.7%

40.8%

1.8%6.4% 6.0%

17.3%

79.2%

41.8%

2.1%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%


19.2

11.9

7.46.2 5.3 4.6 3.9 3.7 3.4 3.3

31.0

0

5

10

15

20

25

30

35

https://www.canarahsbclife.com/child-insurance.html

DISCONTINUEDPOLICY FUND



To generate reasonable returns on funds from discontinued policies determined in accordance with the Regulations. This fund will primarily invest in portfolio constituted of Government Securities and money market instruments.



Fund

Modified Duration of Debt and Money Market: 1.00 yearsPast performance is not indicative of future performanceThe SFIN for Discontinued Policy Fund is ULIF01319/09/11POLDISCFND136


CREDIT RATING

PROFILE



0.00%A & Below A

44.37%

55.63%Up to 1 year


0.00%Above 7 years


ABHISHEK DAS

EQUITY-0

DEBT-6

HYBRID-9






Government Securities



21


OTHERS

0

10

20

30

40

50

60

70

80

90

100

MATURITYPROFILE

100.0


6.84% Govt. of India (MD 19/12/2022) 26.7

6.17% Govt. of India (MD 15/07/2021) 7.3

364 Days Treasury Bill (MD 23/12/2021) 7.1


8.90% Andhra Pradesh State Dev. Loan (MD 04/07/2022) 5.3

7.68% Govt. of India (MD 15/12/2023) 5.3


6.18% Govt. of India (MD 04/11/2024) 3.8



Others 17.6


Total 100.0

6.8%

5.8% 5.5%

4.2%

1.8%

0.4%

0%

1%

2%

3%

4%

5%

6%

7%

8%


PENSION DISCONTINUEDPOLICY FUND

DATE OF INCEPTIONTH08 DECEMBER 2017


To generate reasonable returns on funds from discontinued policies determined in accordance with the Regulations. This fund will primarily invest in portfolio constituted of Government Securities and money market instruments.



Fund

Modified Duration of Debt and Money Market: 0.59 yearsPast performance is not indicative of future performanceThe SFIN for Pension Discontinued Policy Fund isULIF01705/11/15PENSDISFND136


CREDIT RATING

PROFILE



0.00%A & Below A

18.38%

81.62%Up to 1 year


0.00%Above 7 years


ABHISHEK DAS

EQUITY-0

DEBT-6

HYBRID-9






Government Securities



22


OTHERS

0

10

20

30

40

50

60

70

80

90

100

MATURITYPROFILE

100.0








7.68% Govt. of India (MD 15/12/2023) 6.2


8.13% Govt. of India (MD 21/09/2022) 3.8



Total 100.0

5.3% 5.4%4.9%

3.8%

1.6%

0.3%

0%

2%

4%

6%


POLICYHOLDERSUNCLAIMED FUND

DATE OF INCEPTIONTH01 APRIL 2016


To generate reasonable returns on unclaimed amounts of policyholders in accordance with the Regulations. This fund will primarily invest in portfolio constituted of money market instruments.



Fund

Modified Duration of Debt and Money Market: 0.47 yearsPast performance is not indicative of future performanceThe SFIN for Policyholders Unclaimed Fund is ULIF01901/04/16UNCLAIMFND136


CREDIT RATING

PROFILE



0.00%A & Below A

0.00%

100.00%Up to 1 year


0.00%Above 7 years


ABHISHEK DAS

EQUITY-0

DEBT-6

HYBRID-9

Actual Allocation

AUM^ INRs. Crore



0%-100%Money Market

Instruments and Others


23



Total 100.0

MATURITYPROFILE

100.0% 8.18

OTHERS

0

10

20

30

40

50

60

70

80

90

100100.0

5.7%5.3%

4.7%

3.9%

1.7%

0.3%

0%

2%

4%

6%


canara factsheet april 21

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