Indepth Annual Report April 2016 - Term Life Insurance ...

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ANNUAL INVESTMENT REPORT2015-16

Annual Investment Report 2015-16


Figures as of 31st March 20161/31

World economy continued to dabble with weak growth and dwindling inflation. Global markets were sluggish with US returning to normalcy with a rate hike, commodity/oil prices falling and strengthening of Dollar. Asset classes across the board witnessed volatile movements during the year with uncertainty rising from the Chinese slowdown amidst transition from an investment led economy to one driven by consumption and US unwinding of quantitative measures. The Chinese currency devaluation has also created some panic with both global as well as local investors.

The Indian economy bucked the trend in FY16 when most of the emerging market economies witnessed significant external vulnerabilities owing to positive external balance and a stable public policy. However, the rising NPAs in the banking system and strong headwinds in the global economy did have an impact on the Indian capital markets.

Equity market witnessed extreme volatility during the year and finally ended the year with a point to point of decline of around 9%. Subdued earnings and slow pace of reforms were important domestic reasons for lackluster market. Earnings of Nifty50 companies during FY16 are expected to be less than 2% higher than FY15 earnings. Investors became increasingly wary of capex recovery and reform progress by the government. Foreign Portfolio Investors sold US$2.2 bn worth of equities while Domestic Institutional Investors made huge investments, with US$12.3 bn of net inflows.

The Fixed Income market on the other hand has witnessed a reduction of 75 bps in its benchmark rates by the Reserve Bank of India during FY16. These rate cuts were accompanied by softening headline inflation along, and at times undershooting, the guided glide path by the RBI

backed by falling oil/commodity prices. But paradoxically, despite falling inflation, declining growth and gradual rate cuts the long bond yield defies the basic bond fundamental and remained stubborn till the fag-end of financial year. The reason was tight liquidity condition maintained by the RBI, which was effective on bond yield but was inexplicable to the market. However as the RBI moved to somewhat neutral liquidity mode in its last policy the short end of the yield curve reacted positively and the curve became steep signifying market’s confidence in stable inflation in the short to medium term and economic growth emerging in the longer run.

Under such circumstances, the Investment Department adopted dynamic investment strategy across different funds on the basis of respective risk mandates. As a risk mitigation measure,the Board appointed Investment Committee, closely monitored the strategies and policies adopted by the Investment Department during the year. Besides, an external concurrent auditor vouched the investment functions on a daily basis. There were also two other internal working committees (namely Risk and Capital Committee and Investment Operation Review Committee) that monitored and mitigated the financial and operational risk aspects of Investment function on a continuous basis.

Saibal GhoshChief investment Officer

Fund ManagersFixed Income and Hybrid Funds

Equity

Mr. Jyoti Prakash

CFA-1993 PGDRM (IRMA)

30 years

Qualification :

Experience :

Mr. Imran Sayed

Awarded CFA charter by CFA Institute – 2006 FRM - 2005

15 years

Qualification :

Experience :

2/31Figures as of 31st March 2016


Enhanced Equity Fund SFIN: ULIF00105/07/08EEF0138

This fund will aim to invest in a well-diversified portfolio of equityinstruments, and generate attractive returns in the long term.

Fund Mandate :

Asset Mix

94%

5%

CIPLA LTD. 1.40

LUPIN LTD. 1.33

AUROBINDO PHARMA LTD. 1.26

BAJAJ AUTO LTD. 1.15

BHARAT FORGE LTD. 1.12

BHARTI INFRATEL LTD 1.05

YES BANK 1.03

MAHINDRA CIE AUTOMOTIVE LIMITED 0.94

HCL TECHNOLOGIES LTD. 0.93

INDUSIND BANK 0.92

ASHOK LEYLAND LTD. 0.58

GOLDMAN SACHS BANKBEES EXCHANGE TRADED SCHEME 4.65

OTHERS 0.71

Total 100.00


Holdings as a Percentage of AUM

INFOSYS LTD. 9.62

HDFC BANK 8.54

RELIANCE INDUSTRIES LTD. 8.38

TATA CONSULTANCY SERVICES LTD. 5.71

HOUSING DEVELOPMENT FINANCE CORPORATION LTD. 5.18

ICICI BANK 5.02

ULTRATECH CEMENT LTD. 4.50

TATA MOTORS LTD. 4.03

KOTAK MAHINDRA BANK 3.96

MARUTI SUZUKI INDIA LTD. 3.94

SUN PHARMACEUTICAL INDUSTRIES.LTD. 3.93

LARSEN and TOUBRO LTD. 3.74

ITC LTD. 3.03

HINDUSTAN UNILEVER LTD. 2.29

UNITED SPIRITS LTD. 2.15

POWER GRID CORPORATION LTD. 2.09

BOSCH LTD. 1.92

BRITANNIA INDUSTRIES LTD. 1.77

BHARAT PETROLEUM CORPORATION LTD. 1.64

ASIAN PAINTS LTD. 1.49

Equity

ETF

Cash


1%

0.00 10.00 20.00 30.00

Industry Distribution

FINANCIALS

ENERGY

CONSUMER STAPLES

IT

CONSUMER DISCRETIONARY

INDUSTRIALS

MATERIALS

UTILITIES

TELECOM

OTHERS

HEALTH CARE

Fund

Nifty

-5.63% 36.08% 19.30%

-8.86% 26.65% 17.98%

1 Year

Returns (CAGR)

Industry Distribution %

FINANCIALS 24.65

ENERGY 10.02

CONSUMER STAPLES 9.23

IT 16.26

CONSUMER DISCRETIONARY 14.59

INDUSTRIALS 4.32

MATERIALS 4.50

HEALTH CARE 7.92

UTILITIES 2.09

TELECOM 1.05

OTHERS 5.36



Enhanced Equity Fund SFIN: ULIF00105/07/08EEF0138

This fund will aim to invest in a well-diversified portfolio of equityinstruments, and generate attractive returns in the long term.

Fund Mandate :

2 Year 3Year 4Year 5Year

6.87%

7.31%

-6.23%

-9.23%

Since Inception

10.40%

7.51%

Accelerator Fund SFIN: ULIF01203/09/10ACCELERATE0138

This fund will aim at investing in equities of various sectors, todiversify the portfolio and to generate attractive returns in longterm.This fund will also have the flexibility to invest in fixedinterest assets and money market instruments up to 20%.

Fund Mandate :



DIVI LABORATORIES LTD. 0.91

HINDUSTAN PETROLEUM CORP. LTD. 0.83

LUPIN LTD. 0.83


TATA CHEMICALS LTD. 0.80


NTPC LTD. 0.73

CONTAINER CORPORATION OF INDIA LTD. 0.72

CUMMINS INDIA LTD. 0.69



MUNDRA PORT AND SPECIAL ECONOMIC

ZONE LTD. 0.52

VOLTAS LTD. 0.52

ZEE ENTERTAINMENT ENTERPRISES LTD. 0.50

PIDILITE INDUSTRIES LTD. 0.49

INDUSIND BANK 0.42

UNITED BREWERIES LIMITED 0.32


OTHERS 2.59

Total 100.00



INFOSYS LTD. 9.30

HDFC BANK 6.99



ICICI BANK 4.78

ITC LTD. 4.46






GRASIM INDUSTRIES LTD. 2.50

STATE BANK OF INDIA 2.38

AXIS BANK 2.30




BOSCH LTD. 1.77






CIPLA LTD. 1.18


Asset Mix

93%3%

Equity

ETF

Cash & Cash Equivalents

4%



0.00 0.50 10.00 15.00 20.00 25.00


FINANCIALS

CONSUMER STAPLES

IT

ENERGY

MATERIALS

HEALTH CARE

INDUSTRIALS

UTILITIES

TELECOM

DFI

OTHERS


FINANCIALS 24.33


IT 14.66

ENERGY 8.54

MATERIALS 5.76


HEALTH CARE 8.17

INDUSTRIALS 6.17

UTILITIES 1.91

TELECOM 1.45

OTHERS 7.47



Accelerator Fund SFIN: ULIF01203/09/10ACCELERATE0138

This fund will aim at investing in equities of various sectors, todiversify the portfolio and to generate attractive returns in longterm.This fund will also have the flexibility to invest in fixedinterest assets and money market instruments up to 20%.

Fund Mandate :

Fund

BSE 100

-7.49% 33.34% 17.82%

-8.96% 28.32% 18.11%

1 Year

Returns (CAGR) 2 Year 3Year 4Year 5Year

6.72%

6.84%

-7.46%

-9.23%

Since Inception

6.29%

4.94%

Pension Enhanced Equity FundSFIN: ULIF00605/01/09PEEQUITY0138

This fund will aim to maintain a balance between equity and debtexposure, so that the client has a stable and attractive long termreturn. The fund will also shift allocation between debt and equityto gain from asset price movements over medium to long term.

Fund Mandate :

Asset Mix



Asset Mix

Holdings as a Percentage of AUMASIAN PAINTS LTD. 1.50

CIPLA LTD. 1.41

LUPIN LTD. 1.33





YES BANK 1.04


INDUSIND BANK 0.93




OTHERS 0.26

Total 100.00


INFOSYS LTD. 9.66

HDFC BANK 8.58




ICICI BANK 4.89







ITC LTD. 3.04




BOSCH LTD. 1.93




Asset Mix

95%

Equity

ETF

5%



FINANCIALS 24.68

IT 16.33


INDUSTRIALS 4.34

ENERGY 10.12


MATERIALS 4.51

HEALTH CARE 7.96

TELECOM 1.06

UTILITIES 2.16

OTHERS 4.91


Pension Enhanced Equity FundSFIN: ULIF00605/01/09PEEQUITY0138

This fund will aim to maintain a balance between equity and debtexposure, so that the client has a stable and attractive long termreturn. The fund will also shift allocation between debt and equityto gain from asset price movements over medium to long term.

Fund Mandate :

0.00 0.50 10.00 15.00 20.00 30.0025.00


FINANCIALS

IT

CONSUMERDISCRETIONARY

MATERIALS

INDUSTRIALS

ENERGY

HEALTH CARE

DFI

TELECOM

UTILITIES

OTHERS

CONSUMER STAPLES

Fund

Nifty

-5.74% 35.92% 18.98%

-8.86% 26.65% 17.98%

1 Year


6.98%

7.31%

-5.99%

-9.23%

Since Inception

18.32%

14.90%

Pension Index Fund


SFIN: ULIF01005/01/09PINDEX0138

This fund aims at investing in equities, but does not takestock-specific risks. Replicating the market performance at low cost.The fund is indexed to Nifty 50.

Fund Mandate :

Asset Mix

99%

1%




TECH MAHINDRA LTD. 1.04

YES BANK 1.03

NTPC LTD. 0.99

CIPLA LTD. 0.93

GRASIM INDUSTRIES LTD. 0.88


MUNDRA PORT AND SPECIAL ECONOMIC ZONE LTD. 0.82

ZEE ENTERTAINMENT ENTERPRISES LTD. 0.78

TATA STEEL LTD. 0.77

BOSCH LTD. 0.71

AMBUJA CEMENTS LTD. 0.66

GAIL (INDIA) LTD. 0.61

BANK OF BARODA 0.51

ACC LTD. 0.47

IDEA CELLULAR LTD. 0.44

TATA POWER CO. LTD. 0.43

HINDALCO INDUSTRIES LTD. 0.40

BHARAT HEAVY ELECTRICALS LTD. 0.38

SESA STERLITE LTD 0.35

CAIRN INDIA LTD. 0.31

PUNJAB NATIONAL BANK 0.22

OTHERS 0.86

Total 100.00



INFOSYS LTD. 8.69

HDFC BANK 7.59

ITC LTD. 6.59



ICICI BANK 4.92





AXIS BANK 2.67



STATE BANK OF INDIA 2.15

MAHINDRA and MAHINDRA LTD. 2.00


BHARTI AIRTEL LTD. 1.74

INDUSIND BANK 1.68



OIL and NATURAL GAS CORPORATION LTD. 1.38

DR REDDYS LABORATORIES LTD. 1.37

COAL INDIA LTD. 1.34

WIPRO LTD. 1.30

HERO MOTOCORP LTD. 1.30

LUPIN LTD. 1.28

Equity



0.00 10.00 20.00 30.00 40.00


FINANCIALS

IT


INDUSTRIALS

MATETRIALS

HEALTHCARE

UTILITIES

TELECOM

OTHERS

ENERGY

CONSUMER STAPLES

FINANCIALS 29.51

ENERGY 10.06

IT 17.40



MATERIALS 4.73

INDUSTRIALS 4.76

HEALTH CARE 6.77

UTILITIES 3.13

TELECOM 2.18

OTHERS 0.86



Pension Index FundSFIN: ULIF01005/01/09PINDEX0138

This fund aims at investing in equities, but does not takestock-specific risks. Replicating the market performance at low cost.The fund is indexed to Nifty 50.

Fund Mandate :

Fund

Nifty

-7.34% 27.75% 19.66%

-8.86% 26.65% 17.98%

1 Year


8.99%

7.31%

-7.77%

-9.23%

Since Inception

16.83%

15.68%

Group Equity Fund


SFIN: ULGF00228/03/11GEQUITY0138

Fund Mandate :

Asset Mix



Equity

Cash & Cash Equivalent

ETF

Asset Mix

86%


This Fund will aim at investing in equities of various sectors to diversify the portfolio and to generate attractive returns in the long term. The Fund will also have the flexibility to invest in Fixed Interest Assets and Money Market instruments up to 20%.

10%



CIPLA LTD. 1.27

LUPIN LTD. 1.22





YES BANK 0.93



INDUSIND BANK 0.83


GOLDMAN SACHS BANKBEES EXCHANGETRADED SCHEME 4.24

OTHERS 9.84

Total 100.00

INFOSYS LTD. 8.71

HDFC BANK 7.76




ICICI BANK 4.54







ITC LTD. 2.75




BOSCH LTD. 1.73


4%

0.00 0.50 10.00 15.00 20.00 25.00


FINANCIALS

ENERGY

CONSUMER STAPLES

INDUSTRIALS

MATETRIALS

HEALTHCARE

UTILITIES

TELECOM

OTHERS

IT


FINANCIALS 22.43

ENERGY 9.10


IT 14.74


INDUSTRIALS 3.90

MATERIALS 4.12

HEALTH CARE 7.18

UTILITIES 1.90

TELECOM 0.95

OTHERS 14.08




Group Equity FundSFIN: ULGF00228/03/11GEQUITY0138

Fund Mandate :

Asset Mix

This Fund will aim at investing in equities of various sectors to diversify the portfolio and to generate attractive returns in the long term. The Fund will also have the flexibility to invest in Fixed Interest Assets and Money Market instruments up to 20%.

Fund

Nifty

-5.72% 36.38% 19.38%

-8.86% 26.65% 17.98%

1 Year


7.59%

7.31%

-5.38%

-9.23%

Since Inception

9.43%

6.33%

BlueChip Fund


ULIF01511/02/14BLUECHIPEQ0138

Fund Mandate :

Asset Mix





CIPLA LTD. 1.11

LUPIN LTD. 1.05





YES BANK 0.82



INDUSIND BANK 0.73


GOLDMAN SACHS BANKBEES EXCHANGETRADED SCHEME 3.36

OTHERS 21.59

Total 100.00

INFOSYS LTD. 7.63

HDFC BANK 6.77




ICICI BANK 3.98







ITC LTD. 2.40




BOSCH LTD. 1.51


The Fund objective is to provide long-term capital appreciation by investing in a diversified equity portfolio consists of predominantly large cap companies with strong financials, quality management and market leadership. Equity: 80% - 100% Money Market & Cash equivalent: 0% - 20%

Equity

Cash & Cash Equivalent

ETF

75%

22%3%

0.00 0.50 10.00 15.00 20.00 25.00


FINANCIALS

ENERGY


INDUSTRIALS

MATETRIALS

HEALTHCARE

UTILITIES

TELECOM

IT

CONSUMER STAPLES

BlueChip FundULIF01511/02/14BLUECHIPEQ0138

Fund Mandate : The Fund objective is to provide long-term capital appreciation by investing in a diversified equity portfolio consists of predominantly large cap companies with strong financials, quality management and market leadership. Equity: 80% - 100% Money Market & Cash equivalent: 0% - 20%

FINANCIALS 19.55

ENERGY 7.95

IT 12.90



MATERIALS 3.57

INDUSTRIALS 3.43

HEALTH CARE 6.28

UTILITIES 1.66

TELECOM 0.84

OTHERS 24.95



OTHERS


Fund

Nifty

-5.53% NA NA

-8.86% NA NA

1 Year


NA

NA

NA

NA

Since Inception

-1.00%

-5.00%

Holdings as a Percentage of AUM10.40% NCD RELIANCE PORTS and TERMINALS LTD. MD 18/07/2021 7.33

9.37% TATA CAPITAL FINANCIAL SERVICES LTD. MD 31/03/2025 7.03

8.30% GSEC MD 02/07/2040 6.97

9.41% NCD INDIA INFRASTRUCTURE FINANCE COMPANY LTD. MD 27/07/2037 6.93

10.20% NCD HDB FINANCIAL SERVICES LTD. MD 17/10/2023 6.89

8.20% NCD POWER FINANCE CORPORATION LTD. MD 10/03/2025 6.69

8.49% NCD LNT INFRA DEBT FUND LTD MD.28/01/2025 6.46

8.62% NCD INDIA INFRADEBT LTD MD 07/03/2026 6.40

8.23% NCD RURAL ELECTRIFICATION CORPORATION LTD. MD 23/01/2025 6.23

10.21% NCD BAJAJ FINANCE LTD. MD 22/08/2022 5.99

Debt Fund


Sovereign

Financial and Insurance Activities

Infrastructure

Housing Sector

NCD

Govt Bonds


5 - 10 Years

More Than 10 Years

0 - 5 Years

24%

25%

72%

44%15%

10%Govt Bonds

AAA

AA+


Debt Sectoral ProfileRating Profile

Maturity Profile

SFIN: ULIF00405/07/08DB0138

This fund will aim to generate attractive returns by investing in adiversified portfolio of government debt, corporate debt, moneymarket instruments and other fixed income securities of varying maturities.

Fund Mandate :

Asset Profile

77% 15%8%

31%


44%

22% 10%

3%

8.83% GSEC MD 12/12/2041 5.47

8.55% NCD LIC HOUSING FINANCE LTD. MD 14/08/2025 3.28


10.25% NCD RELIANCE GAS TRANSPORTATION and INFRA LTD. MD 22/08/2021 3.14

8.65% NCD IDFC INFRA DEBT FUND LTD MD 28/01/2021 3.08


8.13% GSEC MD 22/06/2045 2.48

8.79% NCD INDIAN RAILWAY FINANCE CORPORATION LTD. MD 04/05/2030 0.78

9.23% GSEC MD 23/12/2043 0.31

8.28% GSEC MD 15/02/2032 0.04

OTHERS 8.31

Total 100.00

Fund

Crisil Bond Fund Index

8.61% 14.44% 4.25%

8.24% 14.59% 4.39%

1 Year


10.15%

9.24%

11.63%

7.68%

Since Inception

11.02%

8.22%

Pension Debt FundSFIN: ULIF00805/01/09PDEBT0138

This fund aims at generating attractive investment income by takinginterest rate views and investing in a diversified portfolio of government debt, corporate debt and money market instruments of varying maturities.

Fund Mandate :

Sovereign


Infrastructure

Housing Sector

NCD

Govt Bonds


Bank deposits

0 - 5 Years

5 - 10 Years

More Than 10 Years

52%20%

73% 27%

44%

16% 9%

Govt Bonds

AAA

AA+


Bank deposits


Maturity ProfileAsset Profile

16%

8%67%

9%50%

35%15%

4%



22%

Holdings as a Percentage of AUM8.13% GSEC MD 22/06/2045 10.94

8.62% NCD INDIA INFRADEBT LTD MD 07/03/2026 8.85

9.40% FD UNION BANK OF INDIA MD 06/03/2017 8.55

9.41% NCD INDIA INFRASTRUCTURE FINANCE COMPANY LTD. MD 27/07/2037 8.30

10.25% NCD RELIANCE GAS TRANSPORTATION and INFRA LTD. MD 22/08/2021 8.13

8.23% NCD RURAL ELECTRIFICATION CORPORATION LTD. MD 23/01/2025 7.45

8.65% NCD IDFC INFRA DEBT FUND LTD MD 28/01/2021 5.44

8.49% NCD LNT INFRA DEBT FUND LTD MD.28/01/2025 5.41


9.23% GSEC MD 23/12/2043 4.31







9.30% NCD POWER GRID CORPORATION MD 28/06/2027 1.43

7.95% FERTILISER BOND MD 18/02/2026 1.17

Others 8.39

Total 100.00

27%6%16%

Fund

Crisil Bond Fund Index

8.24% 15.25% 0.07%

8.24% 14.59% 4.39%

1 Year


11.42%

9.24%

9.23%

7.68%

Since Inception

8.43%

7.42%

Balanced Fund

Top 10 Equity Holdings as a Percentage of AUM

1.00 2.00 3.00 4.00 5.00 6.000.00

Equity Industry Distribution

Equity

Debt


Govt Bonds

NCD

Bank deposits


Debt Asset Profile

SFIN: ULIF00205/07/08BF0138

This fund will aim to maintain a balance between equity and debt Exposure so as to generate stable and attractive long term returns.

Fund Mandate :

Asset Profile

79%

2% 4%

15%73% 27%

32%3%

65%

5.00 10.00 15.00 20.00 25.000.00



FINANCIALS 19.40ENERGY 6.60IT CONSUMER STAPLES 5.80CONSUMER DISCRETIONARY MATERIALS INDUSTRIALS HEALTH CARE 4.46UTILITIES TELECOM

INFOSYS LTD. 5.73HDFC BANK 5.00ITC LTD. HOUSING DEVELOPMENT FINANCE CORPORATION LTD. 4.11RELIANCE INDUSTRIES LTD. ICICI BANK 3.24TATA CONSULTANCY SERVICES LTD. LARSEN and TOUBRO LTD.

SUN PHARMACEUTICAL INDUSTRIES.LTD. AXIS BANK 1.75

3.052.342.10

4.06

4.34

11.38

1.432.01

3.10

3.08

7.67

Debt Sectoral Profile

Sovereign

86%

3%11%

Financial & Insurance Activities

Infrastucture

Details of debt portfolio holdings9.23% GSEC MD 23/12/2043 12.55

8.28% GSEC MD 15/02/2032 6.40

8.83% GSEC MD 12/12/2041 3.27






8.97% GSEC MD 05/12/2030 0.65



12.30% GSEC MD 02/07/2016 0.01

Total 32.02



Balanced FundSFIN: ULIF00205/07/08BF0138

This fund will aim to maintain a balance between equity and debt Exposure so as to generate stable and attractive long term returns.

Fund Mandate :

Fund

Crisil Balanced Fund Index*

-2.19% 23.13% 13.10%

-2.90% 22.53% 13.40%

1 Year


8.90%

8.18%

-1.57%

-3.17%

Since Inception

9.15%

7.84%

* Due to Crisil Balanced Fund Index, calculations are revealing some enormous figure, hence applied logical conclusion by taking 65% Equity return and 35% Debt fund return to arrive at Balance fund benchmark returns for since inception.

Pension Balanced Fund


0.50 1.00 2.00 2.501.50 3.00 3.50 4.00 4.50 5.000.00


5.00 10.00 15.00 20.00 25.000.00

Equity

Debt


Govt Bonds

Bank deposits


Debt Asset Profile

SFIN: ULIF00105/07/08EEF0138

This fund will aim to protect the capital value of the fund and provide attractivereturns to the policyholder in the long run.

Fund Mandate :

Asset Profile

73% 27%

33%7%

60% 70%

6%

24%

INFOSYS LTD. 5.31HDFC BANK 4.59ITC LTD. HOUSING DEVELOPMENT FINANCE CORPORATION LTD. 3.80RELIANCE INDUSTRIES LTD. ICICI BANK 2.99TATA CONSULTANCY SERVICES LTD. LARSEN and TOUBRO LTD. SUN PHARMACEUTICAL INDUSTRIES.LTD. AXIS BANK 1.63

FINANCIALS 17.95ENERGY 6.13IT 10.52CONSUMER STAPLES 5.36CONSUMER DISCRETIONARY 7.20MATERIALS 2.91INDUSTRIALS 2.90UTILITIES 1.89HEALTH CARE 4.17TELECOM 1.33



5.50

4.01

3.76

2.802.17

1.95

75% 25%


Sovereign

Financial & Insurance Activities

Details of debt portfolio holdings8.28% GSEC MD 15/02/2032 11.98


8.83% GSEC MD 12/12/2041 6.82


9.23% GSEC MD 23/12/2043 2.48

8.97% GSEC MD 05/12/2030 0.22

Total 32.80

SFIN: ULIF00105/07/08EEF0138

This fund will aim to protect the capital value of the fund and provide attractivereturns to the policyholder in the long run.

Fund Mandate :

Pension Balanced Fund



Fund

Crisil Balance Fund Index

-1.67% 22.66% 14.83%

-2.90% 22.53% 13.40%

1 Year

Returns (CAGR)2 Year 3Year 4Year 5Year

8.71%

8.18%

-1.40%

-3.17%

Since Inception

10.86%

13.31%

Stable Fund



1.00 2.00 3.00 4.00 5.00 6.000.00


5.00 10.00 15.00 20.00 25.000.00

Equity

Debt


Govt Bonds

NCD


Debt Asset Profile

SFIN: ULIF00105/07/08EEF0138

This fund will aim to maintain a balance between equity and debt exposure, so that the client has a stable and attractive long term return. The fund will also shift allocation between debt and equity to gain from asset price movements over medium to long term.

Fund Mandate :

Asset Profile

73% 27%

3%

65% 86%

2%

12%


FINANCIALS 19.33ENERGY 6.60IT 11.47CONSUMER STAPLES 5.80CONSUMER DISCRETIONARY 7.64MATERIALS 3.16INDUSTRIALS 3.07UTILITIES 2.07HEALTH CARE 4.48TELECOM 1.44DFI 00.0


32%

4.35

4.05

3.122.31

2.12

94% 6%


Stable FundSFIN: ULIF00105/07/08EEF0138

This fund will aim to maintain a balance between equity and debt exposure, so that the client has a stable and attractive long term return. The fund will also shift allocation between debt and equity to gain from asset price movements over medium to long term.

Fund Mandate :

Details of debt portfolio holdings10.15% NCD BAJAJ FINANCE LTD. MD 19/09/2024 1.23

10.20% NCD HDB FINANCIAL SERVICES LTD.

MD 17/10/2023 0.41

8.13% GSEC MD 21/09/2022 0.40

Total 32.26


9.23% GSEC MD 23/12/2043 13.02

8.83% GSEC MD 12/12/2041 5.14

8.28% GSEC MD 15/02/2032 3.10

8.97% GSEC MD 05/12/2030 2.64



8.13% GSEC MD 22/06/2045 1.54


Sovereign


Fund

Crisil Balanced Fund Index

-2.09% 23.03% 12.35%

-2.90% 22.53% 13.40%

1 Year


8.32%

8.18%

-2.06%

-3.17%

Since Inception

6.67%

6.28%

Secure FundSFIN: ULIF00505/07/08SF0138

This fund aims to invest in a diversified portfolio of money market instruments and other fixed income securities of short to medium term maturities. The main objective will be to generate reasonable returns with very low valuation risks.

Fund Mandate :

Holdings as a Percentage of AUM8.75% FD BANK OF BARODA MD 21/04/2016 7.90

8.00% FD INDUSIND BANK MD 20/03/2017 7.90

CP HOUSING DEVELOPMENT FINANCE CORPORATION LTD MD 26/07/2016 7.70

CP TATA MOTORS FINANCE LTD MD 10/08/2016 7.67

CP LNT FINANCE LTD. MD 01/09/2016 7.64

7.90% FD AXIS BANK MD 06032017 7.26

7.75% FD ANDHRA BANK MD 30/12/2016 6.32

IL&FS FINANCIAL SERVICES LIMITED 6.17

7.85% FD ALLAHABAD BANK MD 17/02/2017 5.68


8% FD JAMMU & KASHMIR BANK MD 09/01/2017 3.13

8.50% FD KOTAK BANK MD 05/07/2016 3.13

8.50% FD KOTAK BANK MD 06/07/2016 3.13


7.50% FD ALLAHABAD BANK MD 28/12/2016 2.84

8.50% FD KOTAK BANK MD 07/07/2016 0.95

Others 16.28

Total 100.00

Housing Sector


Bank Deposits

CP/CD


More Than 6 Months

Less Than 6 Months

73% 27%

Bank deposits



Maturity Profile


Asset Profile

63% 29%

63%73% 27%


37% 82%

54%8% 46%

18%

Fund

Crisil Liquid Fund Index

8.64% 9.40% 9.71%

8.06% 8.98% 9.54%

1 Year


9.80%

8.17%

10.10%

8.44%

Since Inception

9.09%

7.71%

Pension Secure Fund


SFIN: ULIF00905/01/09PSECURE0138

This fund aims at investing in a diversified portfolio of debt andmoney market instruments of short to medium term maturities. The main objective will be to generate investment income with very low volatility risk since asset durations would be reasonably small.

Fund Mandate :

Holdings as a Percentage of AUM7.50% FD ALLAHABAD BANK MD 29/12/2016 8.05

8.50% FD ANDHRA BANK MD 16/05/2016 8.05

7.90% FD AXIS BANK MD 06032017 8.05

8.60% FD CORPORATION BANK MD 16/05/2016 8.05

8.75% FD INDIAN BANK MD 12/05/2016 8.05


7.9% FD KOTAK BANK MD 31/01/2017 8.05


CP TATA MOTORS FINANCE LTD MD 10/08/2016 7.82


8.75% FD STATE BANK OF MYSORE MD 13/05/2016 6.04

7.75% FD STATE BANK OF HYDERABAD MD 12/01/2017 4.03

Others 10.38

Total 100.00

Housing Sector


More Than 6 Months

Less Than 6 Months

73% 27%

Bank deposits




66%

Bank deposits

CP/ CD

Cash & Cash Equivalents 67%

73% 27%


10%

23%

56%

44%

79%

34%

21%

Fund

Crisil Liquid Fund Index

8.49% 8.42% 9.13%

8.06% 8.98% 9.54%

1 Year


9.80%

8.17%

10.12%

8.44%

Since Inception

8.75%

7.57%

Conservative FundSFIN: ULIF00105/07/08EEF0138

The aim of this fund is to invest not only into secured instruments but also to invest into equities, to ensure attractive returns. This fund will primarily invest into government debt, corporate debt and money market instruments.

Fund Mandate :

Holdings as a Percentage of AUM8.19% GSEC MD 16/01/2020 45.00

8.28% GSEC MD 15/02/2032 26.96

9.23% GSEC MD 23/12/2043 3.34

Others 24.70

Total 100.00

Sovereign

Debt


Equity

0 - 5 Years

More Than 10 Years

73% 27%

Govt Bonds


Debt Sectoral ProfileDebt Asset Profile


100%

75%

25%

75%



19%

60%40%

6%

Fund

Crisil Bond Fund Index (80%) Nifty (20%)

7.80% 15.92% 5.85%

4.82% 17.00% 7.11%

1 Year


9.62%

8.85%

7.20%

4.30%

Since Inception

10.08%

7.77%

NAVPF Fund


1.00 1.50 2.00 2.50 3.00 4.00 4.503.500.00 0.50


5.00 10.00 15.00 20.000.00

Equity

Debt


T Bills

CP/ CD


Debt Asset Profile

SFIN: ULIF01124/08/09NAVPF0138

This fund aims at restricting the fall in NAV at any point of time below 80% of the highest NAV recorded from the date of inception of this fund.


Fund Mandate :

Asset Profile

73% 27%

11%

48% 51%

21%

28%


FINANCIALS 14.22ENERGY 4.86IT 8.36CONSUMER STAPLES 4.24CONSUMER DISCRETIONARY 5.66MATERIALS 2.28INDUSTRIALS 2.30UTILITIES 1.50HEALTH CARE 3.28TELECOM 1.05


41%

3.18

2.98

2.241.721.54

69%31%


Sovereign

Details of debt portfolio holdings91 DAYS TREASURY BILL MD 21/04/2016 23.60


CD ORIENTAL BANK OF COMMERCEMD 28/04/2016 5.09

364 DAYS TREASURY BILL MD 23/06/2016 3.15

CD IDBI BANK MD 04/04/2016 1.92


Total 41.44



Housing Sector

NAVPF FundSFIN: ULIF01124/08/09NAVPF0138

This fund aims at restricting the fall in NAV at any point of time below 80% of the highest NAV recorded from the date of inception of this fund.

Fund Mandate :

Fund

Crisil Balanced Fund Index

-4.08% 22.33% 13.30%

-2.90% 22.53% 13.40%

1 Year


7.13%

8.18%

-2.34%

-3.17%

Since Inception

7.47%

8.01%


Discontinuance FundSFIN: ULIF01403/09/10DISCONPF0138

This fund will aim to manage funds of discontinuedpolicy holders as required by IRDAI.

Fund Mandate :

Details of debt portfolio holdings364 DAYS TREASURY BILL MD 23/06/2016 50.33 364 DAYS TREASURY BILL MD 09/06/2016 91 DAYS TREASURY BILL MD 21/04/2016 CD IDBI BANK MD 04/04/2016 IL&FS FINANCIAL SERVICES LIMITED CP LNT FINANCE LTD. MD 01/09/2016 1.77

CP TATA MOTORS FINANCE LTD MD 10/08/2016 1.63 CD ORIENTAL BANK OF COMMERCEMD 28/04/2016 OTHERS

Total 100.00

Sovereign

Financial and

Govt Bonds

CP/CDMore Than 6 months

Less Than 6 months

73% 27%

Govt Bonds




97%

78%

22%

78%


8%92%

22%

insurance activities

3%

Fund 7.62% 8.46% 8.24%

1 Year


9.39% 7.98%

Since Inception

8.30%

18.02 9.46 8.76 8.29

1.450.28



ABOUT AEGON LIFE

Aegon Life Insurance Company Limited (formerly AEGONReligare Life Insurance Company Limited) launched its pan-India operations in July, 2008 following a multi-channeldistribution strategy with a vision to help people plan theirlife better. The fulfillment of this vision is based upon havinga complete product suite, providing customised advice andenhancing the overall customer experience. Aegon, aninternational provider of life insurance, pensions and assetmanagement and Bennett, Coleman & Company, India'sleading media conglomerate, have come together to launchAegon Life Insurance. This joint venture adopts a localapproach with the power of global expertise to launchproducts that are focused on providing customers with themeans to meeting their long-terms financial goals. Thecompany is headquartered in Mumbai having 53 branchesacross 46 cities. The company has around 9600 life insuranceagents serving over 4 lakh customers across India.

ABOUT AEGON

Aegon's roots go back 170 years – to the first half of thenineteenth century. Since then, Aegon has grown into aninternational company, with businesses in more than 20countries in the Americas, Europe and Asia. In the US,Aegon's leading market, it operates under the Transamericabrand. Today, Aegon is one of the world's leading financialservices organizations, providing life insurance, pensions andasset management. Aegon never loses sight of its purpose tohelp its customers secure their long-term financial future.With around 28,000 employees, it has 635 billion Euros ofrevenue-generating investments.

ABOUT BENNETT, COLEMAN &COMPANY LIMITED

The Times Group is one of the leading media conglomeratein India having presence in print, radio, TV, outdoor media andthe internet through Bennett, Coleman and Company Limited (BCCL) and its subsidiaries. The Times of India, the flagship brand of the company, is the number 1 English newspaper in India and the World by circulation. With a turnover exceeding a billion dollars, the group has the support of over 25,000 advertisers, 11,000 employees and an audience spanning across all continents.

Disclaimers

THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICY HOLDER. Funds do not offer guaranteed or assured returns. Investments are subject to market risk. For more details, please contact your Financial Advisors. Unit Link Life Insurance Products are different from the Traditional Insurance Products and are subject to the risk factors. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Aegon Life Insurance company Limited is only the name of the Insurance company and the specified Unit Linked funds do not in any way indicate the quality of the contract, its future prospects or returns. For more details on ARLI products and respective risk factors, terms and conditions please read respective sales brochure documents carefully before concluding a sale. The respective sales brochure documents for various products are published in the website - www.aegonlife.com.This document is issued by Aegon Life Insurance Company Limited. While 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 insofar as it includes current or historical information, it is believed to be reliable though its accuracy or completeness cannot be guaranteed. Neither Aegon 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. Insurance is the subject matter of the solicitation. Corporate Identity No.: U66010MH2007PLC169110. Website: www.aegonlife.com. Fax: 022-61180200/300. Email: [email protected]. Aegon Life Insurance Company Limited Registration No. 138. Registered office: Aegon Life Insurance Ltd. Building No. 3, Third Floor, Unit No. 1, Nesco IT Park, Western Express Highway, Goregaon (East), Mumbai - 400063.



Beware of spurious phone calls and fictitious/fraudulent offers IRDA clarifies to public that • IRDAI or its officials do not involve in activities like sale of any kind of Insurance or financial products nor invest premiums • IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

Indepth Annual Report April 2016 - Term Life Insurance ...

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