Investment newsletter September 2017 - Bharti AXA Life€¦ · September 2017 – Review Indian ......
Transcript of Investment newsletter September 2017 - Bharti AXA Life€¦ · September 2017 – Review Indian ......
Investment
newsletter
September
2017
9600.00
9900.00
10200.00
30800.00
31900.00
33000.00
1-Se
p-17
8-Se
p-17
15-S
ep-1
7
22-S
ep-1
7
29-S
ep-1
7
Nift
y 50
S&P
BSE
Sen
sex
S&P BSE Sensex Nifty 50 Index
-5300
0
5300
1-S
ep-1
7
8-S
ep-1
7
15-S
ep-1
7
22-S
ep-1
7
29-S
ep-1
7
Rs. in
Cro
res
Institutional Flows in EquitiesFII (investment through stock exchange)
MF
2.57%
2.11%
2.07%
-0.83%
-0.92%
-1.16%
-1.51%
-1.78%
-2.21%
-2.44%
-3.38%
-3.74%
-3.95%
S&P BSE HC
S&P BSE METAL
S&P BSE AUTO
S&P BSE CD
S&P BSE CG
S&P BSE IT
S&P BSE Bankex
S&P BSE Teck
S&P BSE Oil & Gas
S&P BSE Power Index
S&P BSE Realty
S&P BSE PSU
S&P BSE FMCG
September 2017 – Review
Indian equity markets ended the month in the negative. Newsflow around sustained geopolitical concerns between the
U.S. and North Korea and concerns on near term economic growth of country weighed on sentiments. Capital outflows by
foreign funds following the U.S. Federal Reserve’s announcement to wind down its stimulus measures, and Fed’s
indication of another interest rate hike by end of the year also adversely affected markets.Investors turned apprehensive
that the government’s plan to stem economic slowdown could hamper fiscal deficit. Likely increase in fiscal deficit on
expectations of probable fiscal stimulus measures by the government weighed on sentiment. Key benchmark indices S&P
BSE Sensex and Nifty 50 went down 1.41% and 1.30% to close at 31,283.72 and 9,788.60, respectively. S&P BSE
MidCap fell 0.67%, while S&P BSE Small Cap gained 0.76%.
According to data from the National Securities Depository Ltd, foreign portfolio investors were net sellers of domestic
stocks worth Rs. 19,973.64 crore in Sep (investment route through stock exchange) compared with net sale of Rs.
15,935.61 crore recorded in the previous month. Domestic mutual funds remained net buyers in the equity segment to the
tune of Rs. 15,825.84 crore in Sep. Markets witnessed pressure in the wake of persistent geopolitical concerns between
the U.S. and North Korea, which prompted investors to move
to safe haven assets. In India, service sector data of August
came in weak due to perceived GST impact. Nikkei India
Services PMI Index declined for a second month in a row to
47.5 in August. However, losses were restricted on positive
development between India and China during the BRICS
Summit. Sustained investment by domestic institutional
investors also helped the market. Although buying interest
was restricted after retail inflation climbed to a five-month high in Aug 2017. India’s wholesale price index-based inflation
grew to 3.24% YoY, prompted by higher prices of fuel and food. Capital outflows by foreign funds following the U.S.
Federal Reserve’s announcement to wind down its stimulus measures also dampened sentiment. Fed’s indication that
another interest rate hike could occur added to the woes. Investors turned apprehensive that the government’s plan to
stem economic slowdown could adversely affect fiscal deficit.
On the BSE sectoral front, most of the indices closed in the red. S&P BSE FMCG, down 3.95%, was the highest loser,
followed by S&P BSE PSU (-3.74%), S&P BSE Realty (-3.38%), S&P BSE Power (-2.44%), S&P BSE Oil & Gas (-2.21%).
Gainers consisted of S&P BSE Healthcare (2.57%), S&P BSE Metal (2.11%) and S&P BSE Auto (2.07%). Telecom
Monthly Equity Roundup – September 2017
Outlook
Reduction in rural stress and recovery in rural demand are likely to key drivers for growth, along with the consistency of urban consumption demand. In the long term, India could see steady growth on the back of improvement in rural economy, rising government expenditure and higher disposable income in the hands of the consumers. With strong demographic dividend that India is seeing, economic growth and demand conditions in the country could remain strong for a long period of time, which augurs well for investment in equities. As per the preliminary estimates released by RBI, household financial savings rate increased to 8.10% of Gross National Domestic Income in FY17 from 7.80% in FY16. Going forward, further improvement in the area could prove to be good for the markets. Persisting geopolitical concerns involving North Korea have already hindered market movements across the world.
Regulatory Authority of India lowering termination fee hit telecom stocks. Banking sector was down 1.51%. Buying interest
was seen in healthcare sector as valuations appeared attractive. Pharma stocks also performed well on upbeat corporate
announcements.
Global Economy:
U.S. markets gained following a series of upbeat economic data. Market sentiment received further support after the
impact of Hurricane Irma did not turn out to be as severe as many had predicted. Also, the treasury secretary announced
that tax reform is expected to be accomplished by the end of 2017. However, the Fed left interest rates unchanged, in line
with market expectations, but it kept room for another rate hike this calendar year, restricting market gains. European
markets mostly closed in the positive terrain after the European Central Bank (ECB) chief expressed optimism over
economic recovery and said that policymakers are more confident that inflation will converge at the target eventually.
Investor sentiment boosted further after survey data from the European Commission showed that eurozone economic
confidence strengthened in Sep 2017. Sentiment got further support after a global rating agency raised Portugal's credit
rating to investment grade with a stable outlook. Gains were extended after eurozone inflation climbed to a four-month
high in Aug 2017, as initially estimated.
Economic Update
Current Account Deficit expanded to $14.3 billion in Q1FY18 Data from the Reserve Bank of India (RBI) showed that India’s Current Account Deficit (CAD) expanded to $14.3 billion (2.4% of GDP) in Q1 of FY18 from $3.4 billion (0.6% of GDP) in the preceding quarter and $0.4 billion (0.1% of GDP) in the same quarter of the previous fiscal. CAD widened on YoY basis due to higher trade deficit driven by a larger increase in merchandise imports relative to exports.
Fiscal deficit touched 96.1% of the budget estimate for the period from Apr to Aug of 2017
Government data showed India’s fiscal deficit touched 96.1% (Rs. 5.25 lakh crore) of the budget estimate (Rs. 5.47 lakh crore) for the period from Apr to Aug of 2017. The fiscal deficit in the corresponding period of the previous year stood at 76.4%. Net tax receipts were at Rs. 3.41 lakh crore during the first five months of FY18. Government total spending stood at Rs. 9.50 lakh crore while capital spending rose to Rs. 1.10 lakh crore from Rs. 91,332 crore in the corresponding period of FY17. Revenue deficit stood at Rs. 4.31 lakh crore compared with Rs. 3.25 crore a year ago.
Trade deficit widened to $11.64 billion in Aug 2017 Government data showed that India’s exports grew 10.29% on a yearly basis to $23.82 billion in Aug 2017 from $21.60 billion in the same period of the previous year on account of rise in shipments of engineering, petroleum and chemicals, which grew 19.53%, 36.56% and 32.41%, respectively. Imports too grew 21.02% to $35.46 billion in Aug from $29.30 billion in the year-ago month due to rise in inward shipments of gold and silver, which grew 68.90% and 106.83%, respectively. As a result, trade deficit in Aug 2017 widened to $11.64 billion from $7.71 billion during the same period of the previous year.
Retail inflation grew 3.36% in Aug 2017
Government data showed that retail inflation grew 3.36% in Aug 2017 from 2.36% in the previous month, marking a five-month high. Retail inflation for Aug 2016 came in at 5.05%. The consumer food price index expanded 1.52% in Aug compared with a contraction of 0.36% in the previous month and an expansion of 5.91% in the same month of the previous year.
IIP grows 1.2% YoY in Jul 2017 Government data showed that the Index of Industrial Production (IIP) expanded 1.2% YoY in Jul 2017, as against a 0.2% fall (revised downwards from a fall of 0.1% reported earlier) in Jun 2017. The Indices of Industrial Production for electricity, mining and manufacturing activities grew 6.5%, 4.8% and 0.1%, respectively. According to use-based classification, indices for capital goods, intermediate goods and consumer durables declined 1%, 1.8% and 1.3%, respectively, on a YoY basis in Jul.
Fixed Income Overview
Particulars Sep-17 Aug-17 Sep-16 Exchange Rate (Rs./$) 65.36 64.02 66.66
WPI Inflation (In %) 2.60 3.24 1.36
10 Yr Gilt Yield (In %) 6.67 6.53 6.96
5 Yr Gilt Yield (In %) 6.66 6.50 6.88
5 Yr Corporate Bond Yield (In %) 7.22 7.12 7.45 Source: Reuters, Bharti AXA Life Insurance
Bond yields rose after retail inflation increased to a five-month high in Aug 2017 that increased concerns that the
Monetary Policy Committee (MPC) might not consider easing interest rates in the near term. Market sentiment was further
dampened after the U.S. Federal Reserve (Fed) kept interest rates unchanged in its monetary policy review but indicated
a rate-hike in the near term. Media reports of increased borrowing by the Indian government from Oct 2017 to Mar 2018
also added to the losses.Yield on the 10-year benchmark bond (6.79% GS 2027) rose 13 bps to close at 6.66% from the
previous month’s close of 6.53%. During the month, bond yields moved within a wide range of 6.48% to 6.71%.
Bond yields fell initially as lower than expected domestic economic growth for the Jun quarter of FY18 fuelled hopes of
interest rate-cuts in the near future from the Monetary Policy Committee (MPC). However, the trend reversed soon amid
worries of escalating geopolitical tensions between the U.S. and North Korea after the latter tested an advanced hydrogen
bomb for a long-range missile. Profit-booking also added to the losses. Market participants exercised caution as they
remained on the sidelines awaiting cues on the country’s near-term policy rate action and the outcome of European
Central Bank’s (ECB) and U.S. Federal Reserve’s monetary policy review, which was due later in the month. Losses were
extended as fresh supply of debt securities following the weekly debt auctions weighed on market sentiment. Lack of fresh
domestic triggers also kept trading activity subdued in the domestic debt market. Bond yields rose further after retail
inflation rose to a five-month high in Aug 2017, which increased concerns that MPC might not consider easing interest
rates in the near term. Meanwhile, the Reserve Bank of India (RBI) announced the second open market sale of
government securities on Sep 28, 2017, to absorb excess liquidity from the banking system resulting out of
demonetization that further added to the losses.
On the macroeconomic front, India’s fiscal deficit touched 96.1% (Rs. 5.25 lakh crore) of the budget estimate (Rs. 5.47
lakh crore) for the period from Apr to Aug of 2017. The fiscal deficit in the corresponding period of the previous year stood
at 76.4%. Current Account Deficit (CAD) expanded to $14.3 billion (2.4% of GDP) in Q1 of FY18 from $3.4 billion (0.6% of
GDP) in the preceding quarter and $0.4 billion (0.1% of GDP) in the same quarter of the previous fiscal. Retail inflation or
Consumer Price Index (CPI) based inflation grew 3.36% in Aug 2017 from 2.36% in the previous month, marking a five-
month high. Retail inflation for Aug 2016 came in at 5.05%. Wholesale Price Index (WPI) based inflation increased 3.24%
YoY in Aug 2017 from 1.88% in the previous month and 1.09% in the same month of the previous year. Index of Industrial
Production (IIP) expanded 1.2% YoY in Jul 2017, as against a 0.2% fall (revised downwards from a fall of 0.1% reported
Monthly Debt Roundup – September 2017
Outlook
Bond yields moving ahead will be impacted by a slew of domestic factors namely liquidity management by RBI, incoming
inflation data and other key macroeconomic fundamentals. The benchmark 10-year G-Sec yields rose by about 5 bps after
MPC kept interest rates on hold in its fourth bi-monthly monetary policy review and indicated that domestic inflationary
pressures may increase in the second half of 2017. Bond yields moving ahead are likely to be range bound as MPC may
keep its monetary policy on hold for the time being. RBI has calibrated its liquidity management measures by conducting
reverse repo auctions and open market sale of government securities through open market operations in order to suck out
the excess liquidity from the banking system post demonetization. With the beginning of the festive season, the demand of
fund is also likely to go up. Thus, liquidity surplus may come down going forward, which may lead to an uptick in domestic
bond yields.
6.00%
6.40%
6.80%
7.20%
1 2 3 4 5 6 7 9 10 15
Yield Curve
YTM
Source: ReutersPeriod
earlier) in Jun 2017. Trade deficit in Aug 2017 widened to $11.64 billion from $7.71 billion during the same period of the
previous year.
On the liquidity front, the overnight call rate traded significantly below the policy repo rate for most of the month under
review, which ranged from 5.83% to 5.98% and reflected that liquidity remained at comfortable levels during the month
under review. Data from RBI showed that banks’ net average lending to the central bank through the LAF window stood at
Rs. 13,038.57 crore in Sep 2017, compared with the previous month’s average lending of Rs. 10,836.68 crore. Banks’
average borrowings under the Marginal Standing Facility (MSF) window also stood at Rs. 2,983.22 crore in Sep 2017
from the previous month’s average borrowing of Rs. 943.50 crore.
To suck out excess liquidity in the banking sector, the central bank conducted variable reverse repo auctions of various
tenors. Average net absorption of liquidity by RBI through variable repo rate and reverse repo auctions stood at Rs.
25,563.86 crore in Sep 2017 compared with Rs. 31,749.85 crore in Aug 2017. Furthermore, RBI conducted OMO (open
market operations) sale auctions to suck out excess liquidity from the banking system for a notified amount of Rs. 20,000
crore for which the whole amount was accepted. After taking into account the entire gamut of LAF, MSF, term repo
auction, and reverse repo auction, OMO and market stabilisation scheme the average net absorption of liquidity by RBI
stood at Rs. 38,276.29 crore in Sep 2017, compared with Rs. 39,923.09 crore in Aug 2017. RBI conducted auctions of 91-
, 182-, and 364-days Treasury Bills for a notified amount of Rs. 66,000 crore in Sep 2017 compared with Rs. 82,000 crore
in the previous month.
Corporate Bond:
Yield on gilt securities increased across maturities in the range of 2 bps to 19 bps barring 1- and 2-year paper, which fell
34 bps and 2 bps, respectively. Yield on corporate bonds increased across maturities in the range of 2 bps to 10 bps
barring 6-year paper, which closed steady and 7-year paper, which fell 1 bps. Difference in spread between AAA
corporate bond and gilt contracted across 4- to 10-year maturities in the range of 6 bps to 20 bps and expanded across
the remaining segment in the range of 5 bps to 39 bps barring 3-year paper, which closed steady.
Global
On the global front, market participants remained wary of escalating geopolitical tensions between the U.S. and North
Korea and political uncertainty in Germany following the outcome of its election results. The U.S. Fed kept interest rates
unchanged it its monetary policy review but indicated another rate hike in the near term. In addition, the Fed stated that it
will gradually start reducing its $4.5 trillion balance sheet by $10 billion per month from Oct 2017. The ECB kept key rates
and its quantitative easing programme unchanged but indicated changes (tapering) to its easing programme may be
announced in Oct 2017. The Bank of England in its monetary policy review also kept interest rates on hold in its monetary
policy review but indicated at a rate hike and some withdrawal of monetary stimulus in the coming months. The Bank of
Japan too maintained status quo on its monetary policy while maintaining its upbeat view of the economy.
1 Month 6 Months 1 year 2 years 3 years Since Inception Asset Class
Fund -0.99 11.89 19.31 15.73 13.25 12.40 Equity
Benchmark -1.39 7.15 14.70 12.11 8.66 10.79 Govt SecuritiesBenchmark: Nifty 100,*Inception Date- 24 Aug 2006, <1yr ABS & >=1yr CAGR Corporate Bond
Money Market/Cash
Total
Instrument Asset Mix (F&U)
Equity
Govt Securities
91.77 Corporate Bond
HDFC BANK LTD 6.48 Money Market/Cash
RELIANCE INDUSTRIES LTD 6.16
MARUTI UDYOG LTD 5.38
VEDANTA LIMITED 5.08
INDUSIND BANK LTD 4.88
HDFC LTD 4.01
EICHER MOTORS LTD 3.74
ITC LTD 3.64
LARSEN & TOUBRO LTD 3.14
INFOSYS TECHNOLOGIES LTD 2.16
OTHERS 47.10
Money Market/Cash 8.23
Total 100.00
Name of Fund Manager - Amit Sureka
Grow Money FundULIF00221/08/2006EGROWMONEY130
--
--
--
91.77
Modified Duration
--
--
Exposure (%)
91.77
8.23
8.23
NAV
36.6443
Asset Allocation
100
Actual
-
0 - 40
AUM
33437.10
--
--
2997.83
36434.91
80 - 100
-
24.69
9.57
9.18
7.87
6.15
5.04
4.30
3.64
3.14
3.06
15.13
0 5 10 15 20 25 30
Financial And InsuranceActivities
Manufacture Of Basic Metals
Manufacture Of Coke AndRefined Petroleum Products
Manufacture Of MotorVehicles, Trailers And Semi-…
Manufacture Of OtherTransport Equipment
Manufacture Of Chemicals AndChemical Products
Computer Programming,Consultancy And Related…
Manufacture Of TobaccoProducts
Civil Engineering
Manufacture Of Other Non-Metallic Mineral Products
Others
Fund Performance
Sector Allocation % To Fund
Fund Performance Asset Class Wise Exposure
Investment Objective: To provide long term capital appreciation by investing across a diversified high quality equity portfolio.
Security Name % To Fund
Other Funds Managed By fund Manager: Build India Fund, Build India Pension Fund,Grow Money Pension Fund,Grow Money Pension Plus,Grow Money Plus.
1 Month 6 Months 1 year 2 years 3 years Since Inception Asset Class
Fund -0.61 12.62 21.58 16.45 15.07 18.65 Equity 98.18
Benchmark -1.09 7.57 16.30 13.73 10.25 16.56 Govt SecuritiesBenchmark: Nifty 500,*Inception Date- 10 Dec 2008, <1yr ABS & >=1yr CAGR Corporate Bond
Money Market/Cash 1.82
Total
Instrument Asset Mix (F&U)
Equity 98.18Govt Securities
98.18 Corporate Bond
MARUTI UDYOG LTD 6.60 Money Market/Cash 1.82
RELIANCE INDUSTRIES LTD 5.22
VEDANTA LIMITED 4.36
INDUSIND BANK LTD 4.05
HDFC BANK LTD 3.79
EICHER MOTORS LTD 2.76
YES BANK LTD 2.55
HERO HONDA MOTORS LTD 2.46
INDIAN OIL CORP LTD 2.19
TATA STEEL LTD 2.15
OTHERS 62.06
Money Market/Cash 1.82
Total 100.00
Name of Fund Manager - Ajit Motwani
--
AUM
0 - 40
--
Modified Duration
--
Growth Opportunities Pension Fund
--
--
Asset Allocation
80 - 100
ULIF00814/12/2008EGRWTHOPRP130
Exposure (%)
100
Actual
NAV
45.0695
665.79
--
--
678.13
-
-
12.34
22.14
9.79
8.97
8.32
6.50
5.89
3.62
3.45
3.31
2.87
23.31
0 5 10 15 20 25
Financial And InsuranceActivities
Manufacture Of MotorVehicles, Trailers And Semi-…
Manufacture Of Basic Metals
Manufacture Of Coke AndRefined Petroleum Products
Manufacture Of ChemicalsAnd Chemical Products
Manufacture Of OtherTransport Equipment
Manufacture Of MachineryAnd Equipment N.E.C.
Manufacture Of FabricatedMetal Products, Except…
Manufacture Of ElectricalEquipment
Civil Engineering
Others
Fund Performance
Sector Allocation % To Fund
Fund Performance Asset Class Wise Exposure
Investment Objective: To provide long term capital appreciation by investing in stocks across all market capitalization ranges (Large, Mid or small)
Security Name % To Fund
Other Funds Managed By fund Manager: Growth Opportunities Plus, Growth Opportunities, Growth Opportunities Pension Plus.
1 Month 6 Months 1 year 2 years 3 years Since Inception Asset Class
Fund -1.01 11.78 19.69 16.07 13.15 7.50 Equity 92.67
Benchmark -1.39 7.15 14.70 12.11 8.66 5.32 Govt SecuritiesBenchmark: Nifty 100,*Inception Date- 03 Jan 2008, <1yr ABS & >=1yr CAGR Corporate Bond
Money Market/Cash 7.33
Total
Instrument Asset Mix (F&U)
Equity 92.67
Govt Securities
92.67 Corporate Bond
RELIANCE INDUSTRIES LTD 6.18 Money Market/Cash 7.33
HDFC BANK LTD 6.06
MARUTI UDYOG LTD 5.29
VEDANTA LIMITED 5.03
INDUSIND BANK LTD 4.28
HDFC LTD 3.94
ITC LTD 3.67
EICHER MOTORS LTD 3.58
LARSEN & TOUBRO LTD 3.22
INFOSYS TECHNOLOGIES LTD 2.21
OTHERS 49.21
Money Market/Cash 7.33
Total 100.00
Name of Fund Manager - Amit Sureka
0 - 40
--
Grow Money Pension Fund
--
--
--
Asset Allocation
80 - 100
-
-
ULIF00526/12/2007EGROWMONYP130
Exposure (%)
100
Actual
--
NAV
20.2296
Modified Duration
AUM
5239.72
--
--
414.30
5654.02
24.55
9.77
9.35
8.50
6.12
5.27
4.55
3.67
3.22
2.78
14.91
0 5 10 15 20 25 30
Financial And InsuranceActivities
Manufacture Of Basic Metals
Manufacture Of Coke AndRefined Petroleum Products
Manufacture Of Motor Vehicles,Trailers And Semi-Trailers
Manufacture Of Other TransportEquipment
Manufacture Of Chemicals AndChemical Products
Computer Programming,Consultancy And Related…
Manufacture Of TobaccoProducts
Civil Engineering
Manufacture Of Other Non-Metallic Mineral Products
Others
Fund Performance
Sector Allocation % To Fund
Fund Performance Asset Class Wise Exposure
Investment Objective: To provide long term capital appreciation by investing across a diversified high quality equity portfolio.
Security Name % To Fund
Other Funds Managed By fund Manager: Build India Fund,
Build India Pension Fund,Grow Money Fund, Grow Money Pension Plus,Grow Money Plus.
1 Month 6 Months 1 year 2 years 3 years Since Inception Asset Class
Fund -0.95 12.26 20.27 16.37 13.85 12.10 Equity
Benchmark -1.39 7.15 14.70 12.11 8.66 9.75 Govt SecuritiesBenchmark: Nifty 100,*Inception Date- 22 Dec 2009, <1yr ABS & >=1yr CAGR Corporate Bond
Money Market/Cash
Total
Instrument Asset Mix (F&U)
Equity
Govt Securities
91.11 Corporate Bond
HDFC BANK LTD 6.18 Money Market/Cash
RELIANCE INDUSTRIES LTD 6.04
VEDANTA LIMITED 5.39
INDUSIND BANK LTD 5.03
MARUTI UDYOG LTD 4.94
HDFC LTD 3.62
EICHER MOTORS LTD 3.51
LARSEN & TOUBRO LTD 3.44
ITC LTD 3.27
BAJAJFINLTD 2.26
OTHERS 47.42
Money Market/Cash 8.89
Total 100.00
Name of Fund Manager
--
213.23
2397.88Modified Duration
--
--
-
-
0 - 40
80 - 100
Asset Allocation
--
NAV
24.3160
Grow Money Pension Plus Fund
--
--
AUM
2184.64
--
ULIF01501/01/2010EGRMONYPLP130
Exposure (%)
91.11
8.89
100
Actual
91.11
8.89
24.27
10.54
9.11
7.48
5.54
4.70
4.26
3.44
3.27
2.95
15.55
0 5 10 15 20 25 30
Financial And InsuranceActivities
Manufacture Of BasicMetals
Manufacture Of Coke AndRefined Petroleum Products
Manufacture Of MotorVehicles, Trailers And…
Manufacture Of OtherTransport Equipment
Manufacture Of ChemicalsAnd Chemical Products
Computer Programming,Consultancy And Related…
Civil Engineering
Manufacture Of TobaccoProducts
Manufacture Of Other Non-Metallic Mineral Products
Others
Sector Allocation % To Fund
Fund Performance Asset Class Wise Exposure
Investment Objective: To provide long term capital appreciation by investing across a diversified high quality equity portfolio.
Fund Performance
Security Name % To Fund
Other Funds Managed By fund Manager: Build India Fund, Build India Pension Fund,Grow Money Fund,Grow Money Pension Fund, Grow Money Plus.
1 Month 6 Months 1 year 2 years 3 years Since Inception Asset Class
Fund -0.68 12.22 20.26 15.56 14.84 19.04 Equity
Benchmark -1.09 7.57 16.30 13.73 10.25 16.65 Govt SecuritiesBenchmark: Nifty 500,*Inception Date- 10 Dec 2008, <1yr ABS & >=1yr CAGR Corporate Bond
Money Market/Cash
Total
Instrument Asset Mix (F&U)
Equity
Govt Securities
96.33 Corporate Bond
MARUTI UDYOG LTD 6.29 Money Market/Cash
RELIANCE INDUSTRIES LTD 5.10
HDFC BANK LTD 4.56
INDUSIND BANK LTD 4.53
VEDANTA LIMITED 4.45
EICHER MOTORS LTD 2.76
YES BANK LTD 2.75
HDFC LTD 2.43
LARSEN & TOUBRO LTD 2.17
INDIAN OIL CORP LTD 2.07
OTHERS 59.20
Money Market/Cash 3.67
Total 100.00
Name of Fund Manager - Ajit Motwani
--
--
170.00
3.67
4630.13
--
Asset Allocation
80 - 100
-
-
NAV
46.4323
0 - 40
Growth Opportunities Fund
--
--
--
--
AUM
Modified Duration
4460.13
ULIF00708/12/2008EGROWTHOPR130
Exposure (%)
96.33
3.67
100
Actual
96.33
23.70
9.10
8.76
8.18
6.61
4.76
3.69
3.06
2.73
2.63
23.12
0 5 10 15 20 25
Financial And InsuranceActivities
Manufacture Of MotorVehicles, Trailers And…
Manufacture Of BasicMetals
Manufacture Of Coke AndRefined Petroleum Products
Manufacture Of ChemicalsAnd Chemical Products
Manufacture Of OtherTransport Equipment
Manufacture Of MachineryAnd Equipment N.E.C.
Manufacture Of ElectricalEquipment
Civil Engineering
Computer Programming,Consultancy And Related…
Others
Fund Performance
Sector Allocation % To Fund
Fund Performance Asset Class Wise Exposure
Investment Objective: To provide long term capital appreciation by investing in stocks across all market capitalization ranges (Large, Mid or small).
Security Name % To Fund
Other Funds Managed By fund Manager: Growth Opportunities Plus, Growth Opportunities Pension Fund,Growth Opportunities Pension Plus.
1 Month 6 Months 1 year 2 years 3 years Since Inception Asset Class
Fund -0.84 12.20 20.80 15.93 14.82 12.71 Equity
Benchmark -1.09 7.57 16.30 13.73 10.25 9.31 Govt SecuritiesBenchmark: Nifty 500,*Inception Date- 29 Dec 2009, <1yr ABS & >=1yr CAGR Corporate Bond
Money Market/Cash
Total
Instrument Asset Mix (F&U)
Equity
Govt Securities
96.18 Corporate Bond
MARUTI UDYOG LTD 6.59 Money Market/Cash
RELIANCE INDUSTRIES LTD 5.08
HDFC BANK LTD 4.58
INDUSIND BANK LTD 4.43
VEDANTA LIMITED 4.24
YES BANK LTD 2.69
EICHER MOTORS LTD 2.68
ITC LTD 2.38
HDFC LTD 2.37
LARSEN & TOUBRO LTD 2.02
OTHERS 59.14
Money Market/Cash 3.82
Total 100.00
Name of Fund Manager - Ajit Motwani
AUM
19493.10
--
--
773.76
20266.88
--
3.82
--
--
Asset Allocation
Actual
Exposure (%)
96.18
--
Growth Opportunities Plus FundULIF01614/12/2009EGRWTHOPPL130
25.3061
NAV
--
Modified Duration 100
96.18
3.82
80 - 100
0 - 40
-
-
23.76
9.23
8.26
8.04
6.44
4.88
3.77
3.61
2.80
2.55
22.84
0 5 10 15 20 25
Financial And InsuranceActivities
Manufacture Of MotorVehicles, Trailers And…
Manufacture Of BasicMetals
Manufacture Of Coke AndRefined Petroleum Products
Manufacture Of ChemicalsAnd Chemical Products
Manufacture Of OtherTransport Equipment
Manufacture Of MachineryAnd Equipment N.E.C.
Manufacture Of ElectricalEquipment
Civil Engineering
Computer Programming,Consultancy And Related…
Others
Fund Performance
Sector Allocation % To Fund
Fund Performance Asset Class Wise Exposure
Investment Objective: To provide long term capital appreciation by investing in stocks across all market capitalization ranges (Large, Mid or small).
Security Name % To Fund
Other Funds Managed By fund Manager:Growth Opportunities,
Growth Opportunities Pension Fund,Growth Opportunities Pension Plus.
1 Month 6 Months 1 year 2 years 3 years Since Inception Asset Class
Fund -0.97 12.23 20.30 16.39 13.84 12.21 Equity
Benchmark -1.39 7.15 14.70 12.11 8.66 9.42 Govt SecuritiesBenchmark: Nifty 100,*Inception Date- 14 Dec 2009, <1yr ABS & >=1yr CAGR Corporate Bond
Money Market/Cash
Total
Instrument Asset Mix (F&U)
Equity
Govt Securities
92.75 Corporate Bond
HDFC BANK LTD 6.50 Money Market/Cash
RELIANCE INDUSTRIES LTD 6.02
MARUTI UDYOG LTD 5.89
VEDANTA LIMITED 5.45
INDUSIND BANK LTD 4.82
HDFC LTD 3.90
EICHER MOTORS LTD 3.67
ITC LTD 3.47
LARSEN & TOUBRO LTD 3.22
INFOSYS TECHNOLOGIES LTD 2.22
OTHERS 47.59
Money Market/Cash 7.25
Total 100.00
Name of Fund Manager - Amit Sureka
7.25
Exposure (%)
92.75
7.25
Grow Money Plus FundULIF01214/12/2009EGROMONYPL130
--
Modified Duration
AUM
--
Asset Allocation
24.5581
NAV 100
12439.80
--
--
973.10
13412.92
--
Actual
92.75
--
--
80 - 100
0 - 40
-
-
24.61
10.13
9.07
8.56
5.99
5.48
4.32
3.47
3.22
2.77
15.12
0 5 10 15 20 25 30
Financial And InsuranceActivities
Manufacture Of BasicMetals
Manufacture Of Coke AndRefined Petroleum Products
Manufacture Of MotorVehicles, Trailers And…
Manufacture Of OtherTransport Equipment
Manufacture Of ChemicalsAnd Chemical Products
Computer Programming,Consultancy And Related…
Manufacture Of TobaccoProducts
Civil Engineering
Manufacture Of Other Non-Metallic Mineral Products
Others
Fund Performance
Sector Allocation % To Fund
Fund Performance Asset Class Wise Exposure
Investment Objective: To provide long term capital appreciation by investing across a diversified high quality equity portfolio.
Security Name % To Fund
Other Funds Managed By fund Manager: Build India Fund, Build India Pension Fund,Grow Money Fund,Grow Money Pension Fund, Grow Money Pension Plus.
1 Month 6 Months 1 year 2 years 3 years Since Inception Asset Class
Fund -0.65 12.82 21.26 16.26 15.28 13.57 Equity
Benchmark -1.09 7.57 16.30 13.73 10.25 9.51 Govt SecuritiesBenchmark: Nifty 500,*Inception Date- 25 Jan 2010, <1yr ABS & >=1yr CAGR Corporate Bond
Money Market/Cash
Total
Instrument Asset Mix (F&U)
Equity
Govt Securities
96.10 Corporate Bond
MARUTI UDYOG LTD 6.08 Money Market/Cash
RELIANCE INDUSTRIES LTD 5.09
HDFC BANK LTD 4.98
INDUSIND BANK LTD 4.58
VEDANTA LIMITED 4.24
YES BANK LTD 2.77
EICHER MOTORS LTD 2.68
LARSEN & TOUBRO LTD 2.58
KOTAK MAHINDRA BANK LTD 2.41
HDFC LTD 2.21
OTHERS 58.48
Money Market/Cash 3.90
Total 100.00
Name of Fund Manager - Ajit Motwani
--
NAV
26.5824
--
--
142.27
3651.50
-
3.90
100
3.90
-
0 - 40
Actual
96.10
Asset Allocation
--
--
80 - 100
Modified Duration
Growth Opportunities Pension Plus Fund ULIF01801/01/2010EGRWTHOPLP130
AUM
3509.23
--
--
Exposure (%)
96.10
23.80
8.47
8.29
8.09
6.68
4.47
3.91
3.46
3.40
2.84
22.68
0 5 10 15 20 25
Financial And InsuranceActivities
Manufacture Of MotorVehicles, Trailers And…
Manufacture Of BasicMetals
Manufacture Of Coke AndRefined Petroleum Products
Manufacture Of ChemicalsAnd Chemical Products
Manufacture Of OtherTransport Equipment
Manufacture Of MachineryAnd Equipment N.E.C.
Civil Engineering
Manufacture Of ElectricalEquipment
Computer Programming,Consultancy And Related…
Others
Fund Performance
Sector Allocation % To Fund
Fund Performance Asset Class Wise Exposure
Investment Objective: To provide long term capital appreciation by investing in stocks across all market capitalization ranges (Large, Mid or small).
Security Name % to Fund
Other Funds Managed By fund Manager:Growth Opportunities, Growth Opportunities Pension Fund,Growth Opportunities Plus.
1 Month 6 Months 1 year 2 years 3 years Since Inception Asset Class
Fund -1.12 10.91 20.36 16.06 13.77 10.27 Equity
Benchmark -1.39 7.15 14.70 12.11 8.66 9.03 Govt SecuritiesBenchmark: Nifty 100,*Inception Date- 18 Jan 2010, <1yr ABS & >=1yr CAGR Corporate Bond
Money Market/Cash
Total
Instrument Asset Mix (F&U)
Equity
Govt Securities
96.29 Corporate Bond
HDFC BANK LTD 6.73 Money Market/Cash
RELIANCE INDUSTRIES LTD 6.66
VEDANTA LIMITED 5.55
MARUTI UDYOG LTD 5.00
INDUSIND BANK LTD 4.49
LARSEN & TOUBRO LTD 3.46
EICHER MOTORS LTD 2.97
ICICI BANK LTD 2.79
HDFC LTD 2.71
INDIAN OIL CORP LTD 2.45
OTHERS 53.48
Money Market/Cash 3.71
Total 100.00
Name of Fund Manager - Amit Sureka
Modified Duration
Asset Allocation
1176.02
--
100
--
80 - 100
Build India Pension FundULIF01704/01/2010EBUILDINDP130
1132.33
--
43.69
-
Actual
--
AUM
--
--
Exposure (%)
96.29
3.71
NAV
0 - 20
3.710 - 20
--21.2401
96.29
24.50
10.55
10.15
7.24
6.22
5.16
3.85
3.67
2.29
2.01
20.63
0 5 10 15 20 25 30
Financial And InsuranceActivities
Manufacture Of Coke AndRefined Petroleum Products
Manufacture Of BasicMetals
Manufacture Of MotorVehicles, Trailers And…
Manufacture Of ChemicalsAnd Chemical Products
Manufacture Of OtherTransport Equipment
Computer Programming,Consultancy And Related…
Civil Engineering
Retail Trade, Except OfMotor Vehicles And…
Manufacture OfPharmaceuticals,Medicinal…
Others
Fund Performance
Security Name % To Fund
Sector Allocation % To Fund
Fund Performance Asset Class Wise Exposure
Investment Objective: To provide long term capital appreciation, through exposure to equity investments in Infrastructure and allied sectors,
and by diversifying investments across various sub-sectors of the infrastructure sector.
Other Funds Managed By fund Manager: Build India Fund, Grow Money Fund,Grow Money Pension Fund,Grow Money Pension Plus, Grow Money Plus.
1 Month 6 Months 1 year 2 years 3 years Since Inception Asset Class
Fund -1.32 10.58 20.65 16.23 13.82 11.55 Equity
Benchmark -1.39 7.15 14.70 12.11 8.66 10.43 Govt SecuritiesBenchmark: Nifty 100,*Inception Date- 15 Feb 2010, <1yr ABS & >=1yr CAGR Corporate Bond
Money Market/Cash
Total
Asset Allocation
Instrument Asset Mix (F&U)
Equity
Govt Securities
96.62 Corporate Bond
RELIANCE INDUSTRIES LTD 6.98 Money Market/Cash
HDFC BANK LTD 6.72
VEDANTA LIMITED 5.45
MARUTI UDYOG LTD 4.99
INDUSIND BANK LTD 4.48
LARSEN & TOUBRO LTD 3.50
HDFC LTD 2.92
INDIAN OIL CORP LTD 2.65
ICICI BANK LTD 2.45
ITC LTD 2.41
OTHERS 54.07
Money Market/Cash 3.38
Total 100.00
Name of Fund Manager - Amit Sureka
101.76
Exposure (%)
96.62
3.38
100
Actual
96.62
3.380 - 20
AUM
--
--
80 - 100
-
Build India FundULIF01909/02/2010EBUILDINDA130
2906.77
--
--
0 - 20
3008.53Modified Duration
23.0225 --
--
--
NAV
24.31
11.35
9.94
7.26
6.14
4.72
4.04
3.73
2.41
2.09
20.64
0 5 10 15 20 25 30
Financial And InsuranceActivities
Manufacture Of Coke AndRefined Petroleum Products
Manufacture Of BasicMetals
Manufacture Of MotorVehicles, Trailers And…
Manufacture Of ChemicalsAnd Chemical Products
Manufacture Of OtherTransport Equipment
Computer Programming,Consultancy And Related…
Civil Engineering
Manufacture Of TobaccoProducts
Manufacture OfPharmaceuticals,Medicinal…
Others
Fund Performance
Security Name % To Fund
Sector Allocation % To Fund
Fund Performance Asset Class Wise Exposure
Investment Objective: To provide long term capital appreciation, through exposure to equity investments in Infrastructure and allied sectors,
and by diversifying investments across various sub-sectors of the infrastructure sector.
Other Funds Managed By fund Manager: Build India Pension Fund,
Grow Money Fund,Grow Money Pension Fund,Grow Money Pension Plus, Grow Money Plus.
Asset Class
1 Month 6 Months 1 year 2 years 3 yearsSince Inception Asset Class
Fund 0.00 8.34 14.34 12.36 11.82 10.17 Equity 3134.71 46.71
Benchmark -0.60 5.65 10.98 10.78 9.75 9.16 Govt Securities 1684.77 25.11
Corporate Bond 1375.82 20.50
Money Market/Cash 515.43 7.68
Total 6710.73 100
29.3386 5.50
Instrument
Equity 46.71 Equity
VEDANTA LIMITED 3.65 Govt Securities
Indusind Bank Ltd 3.62 Corporate Bond
AVENUE SUPERMARTS LIMITED 2.69 Money Market/Cash
RELIANCE INDUSTRIES LTD 2.67
MARUTI UDYOG LTD 2.10
HDFC Bank Ltd 1.98
ITC LTD 1.59
LARSEN & TOUBRO LTD 1.50
Yes Bank Ltd 1.42
HDFC LTD 1.41
Others 24.10
Govt Securities 25.11
8.15% GOI 2026 6.38
6.68% GOI 2031 5.13
7.59% GOI 2029 3.84
8.6% GOI 2028 2.06
7.35% GOI 2024 1.86
8.3% GOI 2040 1.82
8.08% GOI 2022 1.05
7.8% GOI 2021 1.01
7.16% GOI 2023 0.96
8.13% GOI 2022 0.39
Others 0.62
Corporate Bond 20.50
9.55% HINDALCO 27/06/2022 4.34
10.25% RGTIL 22/08/2021 3.78
9.6% EXIM 07/02/2024 3.66
7.59% PNB HOUSING FINANCE LTD 27/07/2022 3.49
7.6% Axis Bank Ltd 20/10/2023 1.82
10.4% RPT LTD 18/07/2021 1.32
9.6% HDB Fin Services Ltd 22/03/2023 1.15 Name of Fund Manager - Sandeep Nanda
12% INDIAINFOLINEFINSER 30/09/2018 0.93
9.5% SBI 04/11/2020 0.02
Money Market/Cash 7.68
Total 100
NAV
Exposure (%)
0 - 40
Benchmark: Nifty 100=45%, Crisil Composite Bond Fund Index=55%,*Inception Date- 21 Aug 2006,
<1yr ABS & >=1yr CAGR
Asset Allocation
0 - 40 7.68
0 - 50
25.11
46.71
Actual
Modified Duration
0 - 60
Save and Grow Money FundULIF00121/08/2006BSAVENGROW130
20.50
AUM
AUM
Asset Allocation
Asset Mix (F&U)
Exposure (%)Fund Performance
Debt Ratings Profile
Debt Maturity Profile (%To Fund)
21.94 9.89
4.66 3.49 3.18
2.69 2.30 1.94 1.64 1.60
13.88
0 5 10 15 20 25
Financial And Insurance…Manufacture Of Basic Metals
Manufacture Of Coke And…Housing Finance
Manufacture Of Motor…Retail Trade, Except Of…
Manufacture Of Chemicals…Manufacture Of Other Non-…
Civil EngineeringManufacture Of Other…
Others
Sector Allocation % To Fund
0.93 15.39
29.29
0.00
50.00
0-1 Yrs 1-3 Yrs 3-5 Yrs >5 Yrs
Investment Objective: To provide steady accumulation of income in medium to long term by investing in high quality debt papers and government securities and a limited
opportunity of capital appreciation. This would be more of a defensively managed fund.
Fund Performance Asset Class ( % To Fund)
Security Name % to Fund
Other Funds Managed By fund Manager: Build N Protect Fund Series 1,Safe Money Fund,Safe Money Pension Fund, Save N Grow Money PensionFund,Steady Money Fund,Steady Money Pension Fund,True Wealth Fund
AAA & Eq 33%
AA & Below 12%
Sovereign 55%
1 Month 6 Months 1 year 2 years 3 years SI Asset Class
Fund -0.40 7.51 13.05 11.59 11.72 9.09 Equity
Benchmark -0.60 5.65 10.98 10.78 9.75 6.12 Govt Securities
Corporate Bond
Money Market/Cash
Total
Instrument
Equity 46.01 Equity
Indusind Bank Ltd 3.98 Govt Securities
MARUTI UDYOG LTD 3.40 Corporate Bond
RELIANCE INDUSTRIES LTD 2.90 Money Market/Cash
Kotak Mahindra Bank Ltd 2.52
HDFC Bank Ltd 2.37
Shree Cement Ltd 2.04
HDFC LTD 1.98
Hindustan Petroleum Corp Ltd 1.89
VEDANTA LIMITED 1.89
LARSEN & TOUBRO LTD 1.74
Others 21.31
Govt Securities 16.29
8.15% GOI 2026 4.96
8.6% GOI 2028 3.88
6.97% GOI 2026 2.68
8.3% GOI 2040 2.19
8.13% GOI 2022 1.45
7.35% GOI 2024 0.90
8.2% GOI 2025 0.24
Corporate Bond 28.31
9.55% HINDALCO 27/06/2022 8.28
10.25% RGTIL 22/08/2021 6.04
7.59% PNB HOUSING FINANCE LIMITED 27/07/2022 4.46
9.6% EXIM 07/02/2024 3.67
7.6% Axis Bank Ltd 20/10/2023 3.34
10.4% RPT LTD 18/07/2021 2.42
9.5% SBI 04/11/2020 0.09
Money Market/Cash 9.39
Total 100.00
Name of Fund Manager - Sandeep Nanda
0 - 60 46.01
AUM Exposure (%)
ActualAsset Mix (F&U)
Benchmark: Nifty 100=45%, Crisil Composite Bond Fund Index=55%,*Inception Date- 03
Jan 2008, <1yr ABS & >=1yr CAGR
148.61
85.63 9.39
Save and Grow Money Pension Fund ULIF00426/12/2007BSNGROWPEN130
0 - 50
16.29
100NAV
23.3434
Asset Allocation
0 - 40
4.87
Modified Duration 912.24
0 - 40
28.31
9.39
46.01419.76
16.29
28.31258.24
Fund Performance
Debt Ratings Profile
Debt Maturity Profile (%To Fund)
AAA & Eq 45%
AA & Below 19%
Sovereign 36%
23.87 12.33
6.28 4.86 4.46
3.16 1.82 1.74 1.38 1.33
13.09
0 5 10 15 20 25 30
Financial And Insurance…Manufacture Of Basic Metals
Manufacture Of Coke And…Manufacture Of Motor…
Housing FinanceManufacture Of Other Non-…
Manufacture Of Other…Civil Engineering
Manufacture Of Tobacco…Computer Programming,…
Others
Sector Allocation % To Fund
22.75
21.85
21
22
23
0-1 Yrs 1-3 Yrs 3-5 Yrs >5 Yrs
Investment Objective:To provide steady accumulation of income in medium to long term by investing in high quality debt papers and government securities and a
limited opportunity of capital appreciation. This would be more of a defensively managed fund.
Fund Performance Asset Class ( % To Fund)
Security Name % to Fund
Other Funds Managed By fund Manager:Build N Protect Fund Series 1, Safe
Money Fund,Safe Money Pension Fund,Save N Grow Money Fund,Steady Money Fund,Steady Money Pension Fund,True Wealth Fund
1 Month 6 Months 1 year 2 years 3 years SI Asset Class
Fund 0.27 6.10 8.76 9.48 8.81 2.53 Equity
Benchmark -- -- -- -- -- -- Govt Securities
Corporate Bond
Money Market/Cash
Total
Instrument
Equity 29.85 Equity
MARUTI UDYOG LTD 4.94 Govt Securities
Yes Bank Ltd 3.85 Corporate Bond
Power Grid Corp Ltd 3.05 Money Market/Cash
Indusind Bank Ltd 2.95
HDFC Bank Ltd 2.05
Bajaj Finserv Limited 1.33
VETO SWITCHGEARS AND CABLES LTD 1.04
VEDANTA LIMITED 0.91
BHARTI INFRATEL LIMITED 0.82
RELIANCE INDUSTRIES LTD 0.81
Others 8.11
Govt Securities 68.65
8.12% GOI 2020 19.19
8.79% MAH SDL 2021 16.51
8.91% MAH SDL 2022 5.53
8.94% GUJ SDL 2022 5.51
8.15% GOI 2022 5.45
8.6% MAH SDL 2021 5.45
8.27% GOI 2020 4.18
8.79% GOI 2021 2.61
7.8% GOI 2020 2.34
7.8% GOI 2021 1.82
Others 0.05
Money Market/Cash 1.50
Total 100
Name of Fund Manager - Sandeep Nanda
Modified Duration
3.19
*Inception Date- 11 Oct 2010, <1yr ABS & >=1yr CAGR
AUM
0 - 100
0 - 100
Asset Allocation
1.50
100
--
True Wealth Fund
Exposure (%)
ULIF02104/10/2010BTRUEWLTHG130
68.65
NAV
11.9063
29.85
68.65
2892.37
6652.51
--
145.83
9690.71
-
0 - 100
--
1.50
Actual
29.85
Asset Mix (F&U)
Fund Performance
Debt Ratings Profile
Debt Maturity Profile (%To Fund)
100%
Sovereign
12.16 4.94
1.55 1.22 1.04 0.79 0.76 0.68 0.56 0.50
5.65
0 5 10 15
Financial And…Manufacture Of Motor…
Manufacture Of Basic…Manufacture Of…
Manufacture Of Coke…Retail Trade, Except Of…
Manufacture Of…Manufacture Of Other…Manufacture Of Paper…Manufacture Of Other…
Others
Sector Allocation % To Fund
6.53
62.07
0.05 0
100
0-1 Yrs 1-3 Yrs 3-5 Yrs >5 Yrs
Investment Objective:To provide the highest daily NAV guarantee during the tracking period, subject to a minimum NAV of Rs. 12, at maturity by investing in a
mix of fixed income securities, money market instruments and diversified high quality equities in such a manner so as to meet the highest NAV guarantee on
maturity. We would also use equity and fixed income derivatives as permitted by IRDA from time to time.
Fund Performance Asset Class ( % To Fund)
Other Funds Managed By fund Manager: Build N Protect Fund Series 1,Safe Money Fund,Safe Money Pension Fund, Save N Grow Money Fund,Save N Grow Money PensionFund, Steady Money Fund,Steady Money Pension Fund
Security Name % To Fund
1 Month 6 Months 1 year 2 years 3 years SI Asset Class
Fund -0.42 4.30 7.69 9.3 10.74 8.52 Equity
Benchmark 0.04 4.43 7.94 9.69 10.64 7.83 Govt Securities
Corporate Bond
Money Market/Cash
Modified Duration Total
Instrument
Govt Securities 39.04 Equity
8.15% GOI 2026 10.22 Govt Securities
6.68% GOI 2031 9.95 Corporate Bond
8.6% GOI 2028 4.70 Money Market/Cash
6.35% GOI 2024 4.00
7.8% GOI 2021 3.10
8.08% GOI 2022 2.91
7.35% GOI 2024 2.59
8.2% GOI 2025 0.79
8.3% GOI 2040 0.76
Corporate Bond 43.01
7.6% Axis Bank Ltd 20/10/2023 7.24
9.55% HINDALCO 27/06/2022 7.19
9.6% EXIM 07/02/2024 6.15
7.59% PNB HOUSING FINANCE LIMITED 27/07/2022 5.38
7.71% L&T Finance Limited 08/08/2022 4.63
9.81% POWER FIN CORP 07/10/2018 3.78
9.6% HDB Fin Services Ltd 22/03/2023 3.30
10.25% RGTIL 22/08/2021 3.29
10.4% RPT LTD 18/07/2021 1.02
12% INDIAINFOLINEFINSER 30/09/2018 0.96
Others 0.06
Money Market/Cash 17.95
Total 100.00
Name of Fund Manager - Sandeep Nanda
--
1698.15
43.01
17.95
Asset Mix (F&U)
Exposure (%)
43.01
17.95
AUM
39.04
0 - 40
-
Steady Money FundULIF00321/08/2006DSTDYMOENY130
--
39.04
100
5.02
NAV24.7369
Benchmark: CRISIL Composite Bond Fund Index,*Inception Date- 05 Sep 2006, <1yr
ABS & >=1yr CAGR
4350.19
--
Actual
40 - 60
20 - 80
1870.99
781.06
0.96 3.78
27.58
49.72
0
10
20
30
40
50
60
0-1 Yrs 1-3 Yrs 3-5 Yrs >5 Yrs
Fund Performance
Debt portfolio % To Fund
Debt Ratings Profile
Debt Maturity Profile (% To Fund)
AAA & Eq 37%
AA+ & Eq 6%
AA & Below 10%
Sovereign 47%
Investment Objective:To provide steady accumulation of income in medium to long term by investing in corporate bonds and government securities.
Fund Performance Asset Allocation
Fund Performance Asset Class Wise Exposure
Other Funds Managed By fund Manager: Build N Protect Fund Series 1, Safe Money Pension Fund,Save N Grow Money Fund, Save N Grow Money Pension Fund,Safe Money Fund, Steady Money Pension Fund,True Wealth Fund
22.35
7.19
5.38
0 5 10 15 20 25
Financial And InsuranceActivities
Manufacture Of Basic Metals
Housing Finance
Sector Allocation % To Fund
1 Month 6 Months 1 year 2 years 3 years SI Asset Class
Fund -0.21 3.40 6.34 8.23 10.04 6.38 Equity
Benchmark -3.46 0.09 0.72 4.42 6.15 4.76 Govt Securities
Benchmark: 7 Years G-Sec*,*Inception Date- 19 May 2009, <1yr ABS & >=1yr CAGR Corporate Bond
Money Market/Cash
Total
Instrument Asset Mix (F&U)
Govt Securities 97.35 Equity
6.35% GOI 2024 53.98 Govt Securities
8.2% GOI 2024 30.18 Corporate Bond
8.2% GOI 2024 7.86 Money Market/Cash
8% GOI 2026 5.33
Money Market/Cash 2.65
Total 100.00
Name of Fund Manager - Sandeep Nanda
--
97.3560 - 100
-
0 - 40
100331.29
5.4516.7840
NAV
--
0 - 20 2.65
2.65
Actual
--
--
Modified Duration
Build n Protect Series 1 FundULIF00919/05/2009BBUILDNPS1130
Exposure (%)
--
97.35
AUM
--
322.51
8.78
97.35
0
20
40
60
80
100
120
0-1 Yrs 1-3 Yrs 3-5 Yrs >5 Yrs
Fund Performance
Debt portfolio % To Fund
Debt Ratings Profile
Debt Maturity Profile (% To Fund)
100%
Sovereign
Investment Objective: To protect investments at maturity through steady accumulation of income by investing in government securities while seeking to provide a limited opportunity
for capital appreciation by investing in equities.
Fund Performance Asset Allocation
Fund Performance Asset Class Wise Exposure
Other Funds Managed By fund Manager: Safe Money Fund, Safe Money Pension Fund, Save N Grow Money Fund, Save N Grow Money Pension Fund, Steady Money Fund, Steady Money Pension Fund, True Wealth Fund
1 Month 6 Months 1 year 2 years 3 years SI Asset Class
Fund 0.04 2.67 5.70 6.26 6.74 6.95 Equity
Benchmark 0.52 3.31 6.70 7.19 7.64 7.53 Govt Securities
Corporate Bond
Money Market/Cash
Total
Instrument
Govt Securities 57.02 Equity
182 D TB 30/11/2017 24.74 Govt Securities
329 D TB 12/03/2018 15.66 Corporate Bond
182 D TB 16/11/2017 8.20 Money Market/Cash
364 D TB 17/08/2018 4.70
182 D TB 02/11/2017 3.73
Corporate Bond 37.86
POWER FIN CORP CP 15/11/2017 9.01
INDIABULLS HOUSING FINANCE LTD. CP 28/06/2018 8.83
JM FINANCIAL PRODUCTS LTD CP 23/10/2017 8.22
L&T FINANCE CP 04/06/2018 7.88
HERO FINCORP LTD CP 20/07/2018 3.92
Money Market/Cash 5.11
Total 100.00
Name of Fund Manager - Sandeep Nanda
-
Exposure (%)
5.11
AUM
--
1380.56
Asset Mix (F&U) Actual
100Modified Duration
916.65
123.83
2421.04
Benchmark: CRISIL Liquid Fund Index,*Inception Date- 08 Jul 2009, <1yr ABS & >=1yr CAGR
0 - 40
17.3878
NAV0.34
40 - 60
0 - 60 37.86
5.11
--
57.02
Safe Money FundULIF01007/07/2009LSAFEMONEY130
--
57.02
37.86
Fund Performance
Debt portfolio % To Fund
Investment Objective:To provide capital protection through investment in low-risk money-market & short-term debt instruments with maturity of 1 year or lesser.
Fund Performance Asset Allocation
Asset Class Wise Exposure
Other Funds Managed By fund Manager: Build N Protect Fund Series 1, Safe Money Pension Fund, Save N Grow Money Fund, Save N Grow Money Pension Fund, Steady Money Fund, Steady Money Pension Fund, True Wealth Fund.
Sector Allocation % To Fund
94.89
0
20
40
60
80
100
0-1 Yrs 1-3 Yrs 3-5 Yrs >5 Yrs
Debt Maturity Profile (% To Fund)
P1+ & Eq 40%
Sovereign 60%
Debt Ratings Profile
20.02
8.83
0 5 10 15 20 25
Financial And InsuranceActivities
Housing Finance
1 Month 6 Months 1 year 2 years 3 years SI Asset Class
Fund 0.44 2.72 5.83 6.30 6.78 6.91 Equity
Benchmark 0.52 3.31 6.70 7.19 7.64 7.53 Govt Securities
Corporate Bond
Money Market/Cash
Total
Instrument
Govt Securities 53.78 Equity
182 D TB 30/11/2017 33.89 Govt Securities
364 D TB 17/08/2018 12.99 Corporate Bond
329 D TB 12/03/2018 3.50 Money Market/Cash
182 D TB 02/11/2017 3.41
Corporate Bond 31.44
INDIABULLS HOUSING FINANCE LTD. CP 28/06/2018 8.13
POWER FIN CORP CP 15/11/2017 6.79
L&T FINANCE CP 04/06/2018 6.53
JM FINANCIAL PRODUCTS LTD CP 23/10/2017 5.11
HERO FINCORP LTD CP 20/07/2018 4.87
Money Market/Cash 14.78
Total 100.00
Name of Fund Manager - Sandeep Nanda
0 - 40
Modified Duration 292.07
Benchmark: CRISIL Liquid Fund Index,*Inception Date- 08 Jul 2009, <1yr ABS & >=1yr CAGR
Exposure (%)
--
53.78
31.44
14.78
AUM
14.78
Safe Money Pension FundULIF01107/12/2009LSAFEMONYP130
--
157.09
91.82
43.17
Actual
--
53.78
100NAV17.3438 0.39
31.44
Asset Mix (F&U)
-
40 - 60
0 - 60
85.22
0
20
40
60
80
100
0-1 Yrs 1-3 Yrs 3-5 Yrs >5 Yrs
Fund Performance
Debt portfolio % To Fund
Debt Ratings Profile
Debt Maturity Profile (% To Fund)
Investment Objective:To provide capital protection through investment in low-risk money-market & short-term debt instruments with maturity of 1 year or lesser.
Fund Performance Asset Allocation
Fund Performance Asset Class Wise Exposure
P1+ & Eq 37%
Sovereign 63% Other Funds Managed By fund Manager: Build N Protect Fund Series 1,
Safe Money Fund,Save N Grow Money Fund, Save N Grow Money Pension Fund,Steady Money Fund, Steady Money Pension Fund,True Wealth Fund.
16.51
8.13
0 5 10 15 20
Financial And InsuranceActivities
Housing Finance
Sector Allocation % To Fund
1 Month 6 Months 1 year 2 years 3 years SI Asset Class
Fund 0.11 4.35 7.56 9.09 10.58 8.31 Equity
Benchmark 0.04 4.43 7.94 9.69 10.64 7.98 Govt Securities
Corporate Bond
Money Market/Cash
Total
Instrument
Govt Securities 54.32 Equity
8.3% GOI 2040 10.53 Govt Securities
8.6% GOI 2028 8.74 Corporate Bond
6.68% GOI 2031 8.64 Money Market/Cash
8.83% GOI 2023 5.62
8.08% GOI 2022 5.09
8.15% GOI 2026 4.95
7.16% GOI 2023 4.02
7.35% GOI 2024 3.45
8.2% GOI 2025 3.14
8.13% GOI 2022 0.15
Corporate Bond 33.72
9.6% HDB Fin Services Ltd 22/03/2023 8.07
10.4% RPT LTD 18/07/2021 6.47
10.25% RGTIL 22/08/2021 6.45
7.6% Axis Bank Ltd 20/10/2023 5.95
9.55% HINDALCO 27/06/2022 4.73
9.6% EXIM 07/02/2024 1.63
9.5% SBI 04/11/2020 0.42
Money Market/Cash 11.96
Total 100.00
Name of Fund Manager - Sandeep Nanda
ActualAsset Mix (F&U)
Modified Duration
-
5.76
--
371.33
230.50
81.74
683.57
Steady Money Pension FundULIF00626/12/2007DSTDYMONYP130
--
54.32
33.72
11.96
Benchmark: CRISIL Composite Bond Fund Index,*Inception Date- 03 Jan 2008, <1yr ABS & >=1yr
CAGR
Exposure (%)AUM
33.72
11.96
--
54.32
21.7818
NAV 100
40 - 60
20 - 80
0 - 40
23.32
64.72
0
10
20
30
40
50
60
70
0-1 Yrs 1-3 Yrs 3-5 Yrs >5 Yrs
Fund Performance
Debt portfolio % To Fund
Debt Ratings Profile
Debt Maturity Profile (% To Fund)
Investment Objective:To provide steady accumulation of income in medium to long term by investing in corporate bonds and government securities.
Fund Performance Asset Allocation
Fund Performance Asset Class Wise Exposure
AAA & Eq 33%
AA & Below 5%
Sovereign 62%
Other Funds Managed By fund Manager: Build N Protect Fund Series 1, Safe Money Fund,Safe Money Pension Fund,Save N Grow Money Fund, Save N Grow Money Pension Fund,Steady Money Fund, True Wealth Fund.
16.07
4.73
0 5 10 15 20
Financial And InsuranceActivities
Manufacture Of Basic Metals
Sector Allocation % To Fund
Disclaimers: 1.This Investment Newsletter is for information purpose only and should not be construed as financial advice, offer,
recommendation or solicitation to enter into any transaction. While all reasonable care has been ensured in preparing this newsletter,
Bharti AXA Life Insurance Company limited or any other person connected with it, accepts no responsibility or liability for errors of facts or
accuracy or opinions expressed and Policyholder should use his/her own discretion and judgment while investing in financial markets. 2.
The information contained herein is as on 30th September 2017. 3. Past performance of the funds, as shown above, is not indicative of
future performance or returns. 4. Grow Money Fund, Save n Grow Money Fund, Steady Money Fund, Growth Opportunities Fund, Grow
Money Pension Fund, Save n Grow Money Pension Fund, Steady Money Pension Fund, Growth Opportunities Pension Fund, Build n Protect
Fund Series 1, Safe Money Fund, Safe Money Pension Fund, Grow Money Plus, Grow Money Pension Plus, Growth Opportunities Plus,
Growth Opportunities Pension Plus Fund, Build India Pension, Build India Fund and True Wealth Fund are only the names of the funds
and do not indicate its expected future returns or performance. 5. ABS=Absolute Return, CAGR=Compounded Annual Growth Rate 6.
Sector allocations as shown in the newsletter are only for presentation purpose and do not necessarily indicate industry exposure.
Bharti AXA Life Insurance Company Limited. (IRDA Regn.No. 130),Regd. Address: 6th Floor, Unit- 601 & 602,
Raheja Titanium, Off Western Express Highway, Goregaon (East), Mumbai- 400 063.
Toll free: 1800 102 4444
SMS SERVICE to 56677 (We will be in touch within 24 hours to address your query),
Email: [email protected], www.bharti-axalife.com
Compliance No.: Comp-Sept-2017-2983 CIN – U66010MH2005PLC157108