Group Fund Factsheet June 2019 - Life Insurance...MBA in Finance from Welingkar’s Institute of Management and DPMIR from Narsee Monjee Institute of Management Studies. Balaced Fund

Life InsuranceAditya Birla Sun LifeInsurance Company Limited

Group Fund FactsheetJune 2019

Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com

LIFE INSURANCEAditya Birla Sun Life Insurance Company Limited PROTECTING INVESTING FINANCING ADVISING

Index Page No.

Market Outlook

Fund Managers Profile

Fund Performance

Secure Fund

Stable Fund

Stable Fund 2

Growth Fund

Growth Fund 2

Growth Advantage Fund

Money Market Fund

Money Market Fund 2

Short Term Debt Fund

Short Term Debt Fund 2

Income Advantage Fund

Gilt Fund

Bond Fund

Fixed Interest Fund

Fixed Interest Fund 2

1

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19


Market Update


Source: Tradingeconomics.com

Global Factors

a) FED- US Fed left its target rate unchanged, but signaled that a rate cut is not too far away in the future. Fed commentary turned dovish.

b) China PMI- China manufacturing PMI was unchanged at 49.4 in June 2019, second straight month of contraction in manufacturing activity.

c) Crude Oil- Crude prices rose ~4% MoM due to escalating geopolitical tensions between US and Iran after Iran shot down a US military drone.

d) Tariff War- US and Mexico struck a deal to avert tariff war. US hopes to re-start trade talks with China which might end the tariff war.

Source: Tradingeconomics.com

Economy Review

Domestic Factors

The key events in the month were –

Inflation-CPI rose to 3.05% in May’19 against 2.99% in April’19. WPI softened to 2.45% in May’19 Vs 3.07% in April’19.

a) Credit Growth- Bank’s non-food credit growth was 11.4 YoY in the month of May. Retail (up 16.9% YoY) and Services (up 14.8% YoY) continue to remain the key growth drivers.

b) Manufacturing PMI- Manufacturing PMI moderated slightly to 52.1 in June’19 Vs 52.7 in May’19.

c) Trade Deficit- India’s trade deficit expanded to $15.4 billion in May’19, with import growth (up 4.3%) outpacing export growth (up 3.9%).

d) Current Account Deficit- The current account deficit (CAD) for Q4FY19 came in at 0.7% sharply lower than Q3FY19 of 2.7% n account of lower imports and growth in services export (5.8% YoY). FY19 CAD stood at 2.1%.

e) Monsoon- The monsoon deficiency for June’19 was 33% pan-India. Pan-India reservoir level in April’19 was 17% compared to a 10-year average of 18.2%. The Kharif sowing data indicates deficit of 12.5%, YoY due to delayed monsoon.

Domestic macro economic data.

On the economy front, IIP firmed up to 3.4% in April’19 vs 0.4% in March’19. This was driven by growth in all three segments-

manufacturing, mining and electricity.

Inflation

IIP

CPI WPI

3.8

7.06.5

4.8 4.6

8.4

0.2

2.5

1.6

0.1 0.4

3.4

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

May

-18

Jun-

18

Jul-1

8

Aug-

18

Sep-

18

Oct-

18

Nov-

18

Dec-

18

Jan-

19

Feb-

19

Mar

-19

Apr-

19

Jun-

18

Jul-1

8

Aug-

18

Sep-

18

Oct-

18

Nov-

18

Dec-

18

Feb-

19

Mar

-19

Apr-

19

May

-19

Jan-

19

4.9

4.2

3.7 3.73.4

2.32.1

2.0

2.62.9 3.0 3.1

5.7

5.3

4.5

5.15.3

4.6

3.5

2.82.9

3.2 3.1

2.5

0.0

1.0

2.0

3.0

4.0

5.0

6.0

Market Update


Outlook for Equities

In June, Nifty fell 1.1% on concerns of a slowdown in the consumption segment as well as delayed monsoon which led to 12.5% deficit in Kharif sowing. Pan-India reservoir levels fell below the 10 year average of 18.2%, marking severe water crisis in many states. The RBI has cut repo rate by 25 bps to 5.75% and reduced growth forecast due to the challenging environment. Geopolitical tension between the US and Iran led to increase in crude oil prices. Post the G20 summit, trade negotiations between the US and China are likely to be restarted which could reduce the risk of global growth slowdown.

FIIs continued to be net buyers in the month of June’19. They bought around $225 mn in June’19 taking the CYTD total to $11.4 bn. DIIs bought $497mn of equities reducing the CYTD net outflow to $1.1 bn.

Nifty is currently trading at 17x FY21e earnings, in line with its 10 year average. We expect 20% CAGR in earnings for FY20 and FY21 driven by traction in core industries like cement, steel, capital goods along-with corporate banks. We expect a well-balance budget on 5Th July given government should maintain its fiscal deficit target for FY20. Investors in equity funds can continue to invest for long-term as corporate earnings are expected to revive from the current levels.

Outlook for Debt

RBI monetary policy in June was expectedly dovish. MPC statement accompanied by rate cut led to expectations of further easing on growth concerns. Month of June saw slow progress of monsoon as the deficit increased to 33% of long period average for the month. Delayed sowing led to reduction in area under cultivation by 9.5% year on year. Geopolitical turmoil in middle-east led to a rise in crude oil prices as demand growth concerns grew. Risk off sentiment was reflected in gold as prices topped at $1438/oz rising 8% during the month. US Federal Reserve did not cut key rates in June FOMC, but the tone was dovish and marked by concern on growth. US 10-year rates breached 2% mark to reach 1.97% during the month. Much awaited meeting of G20 nations was a mildly risk on event as further US tariffs on China were averted and dialogue to resume on trade.

Banking system liquidity remained in surplus during June as Government spending returned to the system and maturities of Government securities added to the same. RBI conducted Rs275 bn OMO in June. Outcome of Bimal Jalan committee’s recommendations on use of RBI surplus and budget will be few factors to watch in the near term.

Yield on the 10-year Government bond has eased in June to 6.88% from 7.03% in the month of May. In the near term, we expect yields to be in the range of 6.75% to 7.00%. Corporate bond spread over G-sec is at 85 bps with likelihood of being in a range of 70 to 90 bps.

Nifty

Sensex

BSE 100

Dow Jones

Hang Seng

Nikkei

Nasdaq

INDEX 29-Dec-17 30-Nov-17 % Change

11788.85 11922.80 -1.12%

39394.64 39714.20 -0.80%

11909.67 12044.07 -1.12%

26599.96 24815.04 7.19%

21275.92 20601.19 3.28%

28542.62 26901.09 6.10%

8006.24 7453.15 7.42%

Nifty

Sensex

BSE 100

Dow Jones

Hang Seng

Nikkei

Nasdaq

INDEX 28-June-19 31-May-19 % Change

NSEBSE

10 Yr G-Sec Yield 5 year AAA Corporate Bond Spread

10 Year G-Sec

5 Year G-Sec

90 Day T Bill

364 Day T-Bill

Call Rates

6.88% 7.03% -2.18%

6.77% 6.84% -1.03%

5.98% 6.13% -2.51%

6.13% 6.22% -1.47%

5.73% 5.92% -3.32%

Key Indices % Change28-June-19 31-May-19

bps

Perc

enta

ge (%

)

30

60

90

120

150

180

210

0.0

1 .0

2 .0

3 .0

4 .0

5 .0

6 .0

7 .0

8 .0

9 .0

Jul-1

8

Aug-

18

Sep-

18

Oct-

18

Nov-

18

Dec-

18

Jan-

19

Feb-

19

Mar

-19

Jun-

19

May

-19

Apr-

19

Jul-1

8

Aug-

18

Sep-

18

Oct-

18

Nov-

18

Dec-

18

Jan-

19

Feb-

19

Mar

-19

Jun-

19

May

-19

Apr-

19

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

32000

33000

34000

35000

36000

37000

38000

39000

40000

Fund Managers Profile

Debt Fund SFIN No Fund Manager

Group Money Market Fund

Group Money Market Fund2

Group Short Term Debt Fund

Group Short Term Debt Fund 2

Group Income Advantage Fund

Group Gilt Fund

Group Bond Fund

Group Fixed Interest Fund

Group Fixed Interest Fund 2

ULGF00824/08/04BSLIGRMMKT109

ULGF01928/11/11BSLGRMMKT2109

ULGF01322/09/08BSLGSHTDBT109

ULGF02128/11/11BSLGSHTDB2109

ULGF01425/02/10BSLGINCADV109

ULGF00630/05/03BSLIGRGILT109

ULGF00530/05/03BSLIGRBOND109

ULGF00416/07/02BSLGFIXINT109

ULGF01728/11/11BSLGFXINT2109

Mr. Parin Vora

Mr. Parin Vora

Mr. Parin Vora

Mr. Parin Vora

Mr. Parin Vora

Mr. Parin Vora

Mr. Parin Vora

Mr. Parin Vora

Mr. Parin Vora

Fund Manager No. of Funds Managed

Debt Fund

Debt Fund

Balanced Fund Equity Fund

Mr. Parin Vora

Mr. Sameer Mistry

9

-

6

6

-

-

Mr. Sameer Mistry – Joint Vice President - InvestmentsMr. Sameer Mistry – Joined ABSLI in January 2009. He has over 18 years of experience in Equity Research and Fund Management. Prior to joining us, he worked as a Fund Manager with Reliance Capital Asset Management, Tata Mutual Fund and SBI Life Insurance. Sameer has done his BE (Electronics & Telecom) as well as a an MBA in Finance.

Mr. Parin Vora – Assistant Vice President - InvestmentsMr. Parin Vora has been with ABSLI since October 2007 and is primarily responsible for Fixed Income trading and Fund Management. He has 18 years of experience in Fixed Income Industry and was associated with Birla Sun Life Securities & Mata Securities. Parin has done his MBA in Finance from Welingkar’s Institute of Management and DPMIR from Narsee Monjee Institute of Management Studies.

Balaced Fund SFIN NoEquity Debt

Group Secure Fund

Group Stable Fund

Group Stable Fund 2

Group Growth Fund

Group Growth Fund 2

Group Growth Advantage Fund

ULGF00212/06/01BSLGSECURE109

ULGF00312/06/01BSLGSTABLE109

ULGF02228/11/11BSLGSTABL2109

ULGF00112/06/01BSLGGROWTH109

ULGF01828/11/11BSLGROWTH2109

ULGF01026/11/07BSLIGGRADV109

Mr. Sameer Mistry

Mr. Sameer Mistry

Mr. Sameer Mistry

Mr. Sameer Mistry

Mr. Sameer Mistry

Mr. Sameer Mistry

Mr. Parin Vora

Mr. Parin Vora

Mr. Parin Vora

Mr. Parin Vora

Mr. Parin Vora

Mr. Parin Vora

Fund Manager

Mr. Sameer Mistry


Fund Performance as on 30th June 2019Group Funds Figures in percentage (%)

Disclaimer:This document is issued by ABSLI. While all reasonable care has been taken in preparing this document, no responsibility or liability is accepted for errors of fact or for any opinion expressed herein. This document is for information purposes only. It does not constitute any offer, recommendation or solicitation to any person to enter into any transaction or adopt any investment strategy, nor does it constitute any prediction of likely future movements in NAVs. Past performance is not necessarily indicative of future performance. We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable though its accuracy or completeness cannot be guaranteed. Neither Aditya Birla Sun Life Insurance Company Limited, nor any person connected with it, accepts any liability arising from the use of this document. You are advised to make your own independent judgment with respect to any matter contained herein. The investment risk in investment portfolio is borne by the policyholder. The name of the funds do not in any way indicate their quality, future prospects or returns. The premium paid in unit linked life insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performance ofinvestment fund and factors influencing the capital market and the policyholder is responsible for his/her decisions Insurance is the subject matter of solicitation.BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS: IRDA clarifies to public that IRDA or its officials do not involve inactivities like sale of any kind of insurance or financial products nor invest premiums. IRDA does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details ofphone call, number.* Duration for Money Market Instrument and FD’s is considered as "Zero".

Returns

Absolute

CAGR

Period SecureFund

BM BM BM BMBMStableFund

StableFund 2

GrowthFund 2

GrowthFund

1 month

3 months

6 months

1 Year

2 Years

3 Years

4 Years

5 Years

Since Inception

Returns

Absolute

CAGR

Period GrowthAdvantage

BM BM BM BM BMMoneyMarket Fund

MoneyMarket Fund 2

Short TermDebt Fund

Short TermDebt Fund 2

1 month

3 months

6 months

1 Year

2 Years

3 Years

4 Years

5 Years

Since Inception

Returns

Absolute

CAGR

Period IncomeAdvantage Fund

Gilt Fund Bond Fund FixedInterest Fund

FixedInterest Fund 2

BM BM BM BM

1 month

3 months

6 months

1 Year

2 Years

3 Years

4 Years

5 Years

Since Inception

2.86

6.16

7.57

16.02

6.78

8.70

9.28

9.78

7.49

SecureStableStable 2GrowthGrowth 2Growth AdvantageMoney MarketMoney Market 2Short Term Debt FundShort Term Debt 2Income AdvantageGilt FundBond Fund

Fixed InterestFixed Interest 2

BSE 100BSE 100BSE 100BSE 100BSE 100BSE 100

-------

--

20%35%35%50%50%60%

-------

--

70%55%55%40%40%30%

--

100%100%85%

-70%15%85%

85%

10%10%10%10%10%10%

100%

100%--

15%-

15%

15%

15%

Crisil Composite Bond Fund IndexCrisil Composite Bond Fund IndexCrisil Composite Bond Fund IndexCrisil Composite Bond Fund IndexCrisil Composite Bond Fund IndexCrisil Composite Bond Fund Index

-

Crisil Short Term Bond Fund IndexCrisil Short Term Bond Fund Index

Crisil Composite Bond Fund Index

-

Crisil AAA Medium Term Bond Fund IndexCrisil AA Medium Term Bond Fund Index



-

Crisil Liquid Fund IndexCrisil Liquid Fund Index

Crisil Liquid Fund Index-

Crisil Liquid Fund Index



Crisil Liquid Fund IndexCrisil Liquid Fund IndexCrisil Liquid Fund IndexCrisil Liquid Fund IndexCrisil Liquid Fund IndexCrisil Liquid Fund Index

--

ULGF00212/06/01BSLGSECURE109

ULGF00312/06/01BSLGSTABLE109

ULGF02228/11/11BSLGSTABL2109

ULGF00112/06/01BSLGGROWTH109

ULGF01828/11/11BSLGROWTH2109

ULGF01026/11/07BSLIGGRADV109

ULGF00824/08/04BSLIGRMMKT109

ULGF01928/11/11BSLGRMMKT2109

ULGF01322/09/08BSLGSHTDBT109

ULGF02128/11/11BSLGSHTDB2109

ULGF01425/02/10BSLGINCADV109

ULGF00630/05/03BSLIGRGILT109

ULGF00530/05/03BSLIGRBOND109

ULGF00416/07/02BSLGFIXINT109

ULGF01728/11/11BSLGFXINT2109

Benchmark CompositionSFIN

WeightageFund Name

Weightage WeightageIndex Index Index


0.73 0.53

2.99 2.60

5.96 5.11

11.50 9.47

7.39 6.08

9.00 7.68

8.67 7.46

9.20 7.83

10.35 8.30

0.00 -0.37

2.64 1.50

6.87 5.55

10.58 8.27

9.23 7.57

11.51 9.39

9.51 7.80

10.45 8.03

12.07 6.91

0.47 0.20

2.80 2.19

6.32 5.28

11.35 9.06

8.12 6.67

9.85 8.34

8.94 7.62

9.57 7.94

12.52 9.49

0.11 -0.14

2.64 1.77

6.88 5.44

11.10 8.60

9.09 7.22

11.16 8.98

9.45 7.74

10.24 8.00

13.85 10.60

0.29 -0.14

2.91 1.77

7.14 5.44

11.16 8.60

9.90 7.22

12.09 8.98

10.40 7.74

11.14 8.00

12.70 9.59

0.66 0.20

3.15 2.19

6.86 5.28

12.23 9.06

9.08 6.67

10.87 8.34

10.03 7.62

10.79 7.94

11.46 9.06

0.54 0.46

1.65 1.49

3.57 3.08

7.18 6.41

6.76 6.11

6.91 5.96

7.14 6.14

7.40 6.42

8.78 6.54

0.52 0.46

1.54 1.49

3.08 3.08

6.47 6.41

6.34 6.11

6.47 5.96

6.83 6.14

7.22 6.42

7.93 7.00

0.67 0.34

1.87 1.66

4.47 3.91

8.78 7.84

7.31 5.64

7.54 6.31

7.73 6.66

7.89 6.99

8.44 7.13

0.60 0.34

2.04 1.66

4.57 3.91

9.34 7.84

7.55 5.64

7.94 6.31

8.28 6.66

8.55 6.99

9.34 7.42

1.22 0.95

3.27 3.06

5.87 4.76

12.72 9.77

6.35 5.31

7.82 6.70

8.35 7.15

8.76 7.59

8.98 7.26

0.31 0.25

1.89 1.69

4.68 3.85

9.39 7.62

6.06 5.15

7.33 6.38

7.68 6.88

8.02 7.28

9.80 7.78

1.08 0.95

3.49 3.06

5.96 4.76

12.76 9.77

6.79 5.31

8.09 6.70

8.50 7.15

8.96 7.59

8.74 6.34

1.18 0.95

2.80 3.06

5.60 4.76

14.04 9.77

7.26 5.31

8.81 6.70

9.44 7.15

10.00 7.59

10.52 7.65

Benchmark: BSE 100, Crisil Composite Bond Fund Index & Crisil Liquid Fund Index

Asset held ̀ 2471.30 Cr as on 30th June 2019:

EQUITY: 19.44%

N AV as on 30th June 2019: ` 59.1301

Group Secure Fund ULGF00212/06/01BSLGSECURE109Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 18 years &18 years Portfolio as on Sunday, June 30, 2019

Fund Snapshot Date of Inception: 19-Jun-01Objective:

Strategy:

This investment fund option helps build your capital and generate better returns at moderate level of risk, over a medium or long-term period through a balance of investment in equity and debt.

To generate better return with moderate level of risk through active management of fixed income portfolio and focus on creating long term equity portfolio which will enhance yield of composite portfolio with low level of risk appetite.

Know the Fund BetterExposure to equities 19.49%, G-Secs has increased to 33.46% from 32.93% and MMI has decreased to 14.62% from 15.77% on a MOM basis. Over 89% of the debt portfolio remains invested in highest rated instruments.The fund is predominantly invested in large cap stocks and maintains a well diversified equity portfolio.

has slightly decreased to 19.44% from

CORPORATE DEBT: 32.48%GOVERNMENT SECURITIES: 33.46%9.20% GOI 2030 (MD 30/09/2030) 9.46%8.83% GOI 2023 (MD 25/11/2023) 3.40%8.60% GOI 2028 (MD 02/06/2028) 3.12%8.33% GOI 2026 (MD 09/07/2026) 2.44%8.30% GOI 2042 (MD 31/12/2042) 1.62%9.23% GOI 2043 (MD 23/12/2043) 1.27%8.13% GOI 2045 (MD 22/06/2045) 1.12%8.97% GOI 2030 (MD 05/12/2030) 0.93%8.17% GOI 2044 (MD 01/12/2044) 0.85%7.16% GOI 2023 (MD 20/05/2023) 0.81%Other Government Securities 8.43%

8.45% HDFC Ltd. NCD MD (18/05/2026) (Series P - 012) 1.75%6.98% NABARD NCD (MD 30/09/2020) 18G 1.21%9.00% Godrej & Boyce Man Co Ltd. NCD MD (22/04/21) (Step Up) 1.03%8.75% HDFC Ltd. NCD (04/03/2021)(Series P-002) (Put Opt 14/0) 1.03%7.50 HDFC Ltd. NCD (MD 07/07/2020) 1.01%8.15% Tata Steel Ltd NCD (MD 01/10/2026) 0.99%8.50% NABARD NCD SR19F(MD 31/01/2023) 0.95%9.25% Reliance Jio Infocomm Ltd NCD (MD 16/06/2024) 0.94%7.55% Tube Investments Of India Ltd NCD (MD 20/02/2020) 0.89%8.30% REC Ltd. NCD (MD 10/04/2025) 0.87%Other Corporate Debt 21.81%

HDFC Bank Limited 1.87%Reliance Industries Limited 1.47%ICICI Bank Limited 1.35%Housing Development Finance Corporation 1.31%Infosys Limited 1.02%ITC Limited 0.92%Tata Consultancy Services Limited 0.81%Larsen & Toubro Limited 0.76%State Bank of India 0.73%Axis Bank Limited 0.52%Other Equity 8.68%

MMI, Deposits, CBLO & Others: 14.62%

SECTORAL ALLOCATION

ASSET ALLOCATION

Rating Profile

AUM (In Cr) as on 30th June 2019

AAA32.96%

AA

12.07%

AA+

5.72%A1+

4.47% AA-0.32%

Sovereign44.46%


MMI, Deposits,CBLO & Others

14.62%

NCD

Equity19.44%

32.48%

G-Secs33.46%

Debt1990.83 ( 81 %)

Equity480.48 ( 19 %)

Modified Duration: 4.25 years

Secure BM

12.58%

2.10%

2.96%

3.29%

5.27%

6.74%

8.92%

9.19%

10.55%

11.67%

26.72%

OTHERS

POWER

CEMENT

AUTOMOBILE

PHARMACEUTICALS

FINANCIAL SERVICES

FMCG

OIL AND GAS

CAPITAL GOODS

SOFTWARE / IT

BANKING

Jun-12

Dec-12

Jun-13

Dec-13

Jun-14

Dec-14

Jun-15

Dec-15

Jun-16

Dec-16

Jun-17

Dec-17

Jun-18

Dec-18

Jun-19


Asset held ̀ as on 30th June 2019: 730.27 Cr Modified Duration: 4.62 years

EQUITY: 34.08%CORPORATE DEBT: 21.27%GOVERNMENT SECURITIES: 27.60%

N AV as on 30th June 2019: ` 81.9886

Group Stable Fund ULGF00312/06/01BSLGSTABLE109Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 18 years &18 years Portfolio as on Sunday, June 30, 2019

Fund Snapshot Date of Inception: 31-Aug-01Objective:

Strategy:

This investment fund option helps you grow your capital through enhanced returns over a medium to long term period through investments in equity and debt instruments, thereby providing a good balance between risk and return. This fund is suitable for those who want to earn higher return on investment through balanced exposure to equity and debt securities.

To earn capital appreciation by maintaining diversified equity portfolio and seek to earn regular return on fixed income portfolio by active management resulting in wealth creation for policyholders.

Know the Fund BetterOver 91% of the debt portfolio remains invested in highest rated instruments.The fund is predominantly invested in large cap stocks and maintains a well diversified equity portfolio.

9.23% GOI 2043 (MD 23/12/2043) 4.94%8.33% GOI 2026 (MD 09/07/2026) 4.07%8.83% GOI 2023 (MD 25/11/2023) 2.92%9.20% GOI 2030 (MD 30/09/2030) 2.39%7.59% GOI 2029 (MD 20/03/2029) 2.13%8.28% GOI (MD 15/02/2032) 1.91%8.17% GOI 2044 (MD 01/12/2044) 1.54%8.60% GOI 2028 (MD 02/06/2028) 1.51%8.08% GOI (MD 02/08/2022) 0.89%8.30% GOI 2040 (MD 02/07/2040) 0.77%Other Government Securities 4.52%

9.00 HDFC Ltd. NCD (MD 29/11/2028) Series U-005 2.93%6.98% NABARD NCD (MD 30/09/2020) 18G 2.72%7.85% Indian Hotels Co Ltd (MD 15/04/2022) S-1 2.46%8.75% LIC Housing Finance Ltd NCD (MD 08/12/2028) 2.17%8.50% NABARD NCD Call Put 31/01/2020 (MD 31/01/2022) 2.06%9.475% Aditya Birla Finance Ltd NCD G-8 (MD 18/03/2022) 1.42%7.80% Apollo Tyres Limited Series B Maturity 28Th Apr 2023 1.36%8.40% PGC NCD (MD 27/05/2027) [I] 0.70%8.80% Tata Capital Financial Services Ltd NCD MD 27/09/2021 0.70%8.90% LIC Housing Finance Ltd NCD (10/08/2020) 0.69%Other Corporate Debt 4.04%



SECTORAL ALLOCATION


Equity

Debt

248.90 (34% )

481.36 (66% )

ASSET ALLOCATION


17.05%

NCD21.27%

G-Secs

Equity34.08%

27.60%

Rating Profile

AAA29.59%

AAA1+

AA+0.65%8.11%

11.88%Sovereign49.77%


Stable BM

12.92%

2.08%

2.90%

3.28%

5.19%

7.01%

8.82%

9.02%

10.13%

11.89%

26.77%

OTHERS

POWER

CEMENT

AUTOMOBILE

PHARMACEUTICALS

FINANCIAL SERVICES

FMCG

OIL AND GAS

CAPITAL GOODS

SOFTWARE / IT

BANKING

Jun-12

Dec-12

Jun-13

Dec-13

Jun-14

Dec-14

Jun-15

Dec-15

Jun-16

Dec-16

Jun-17

Dec-17

Jun-18

Dec-18

Jun-19

MMI, Deposits,CBLO & Others 4.10%

NCD

Equity

7.86%

33.22%

G-Secs54.82%


Asset held ` 2.70 Cr as on 30th June 2019: Modified Duration: 5.01 years


MMI, Deposits, CBLO & Others: 7.86% ASSET ALLOCATION

Rating Profile


N AV as on 30th June 2019: ` 22.7828

Group Stable Fund 2 ULGF02228/11/11BSLGSTABL2109Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 18 years &18 years Portfolio as on Sunday, June 30, 2019

Fund Snapshot Date of Inception: 28-Nov-11Objective:

Strategy:

This investment fund option helps you grow your capital through enhanced returns over a medium to long term period through investments in equity and debt instruments, thereby providing a good balance between risk and return. This fund is suitable for those who want to earn higher return on investment through balanced exposure to equity and debt securities.

To earn capital appreciation by maintaining diversified equity portfolio and seek to earn regular return on fixed income portfolio by active management resulting in wealth creation for policyholders.

Know the Fund Better100% of the debt portfolio remains invested in highest rated instruments.The fund is predominantly invested in large cap stocks and maintains a well diversified equity portfolio.

7.80% GOI (MD 11/04/2021) 17.07%9.20% GOI 2030 (MD 30/09/2030) 8.61%9.23% GOI 2043 (MD 23/12/2043) 6.90%7.95% GOI 2032 (28.08.2032) 5.98%7.59% GOI 2026 (MD 11/01/2026) 5.73%9.15% GOI 2024 (MD 14/11/2024) 5.28%7.16% GOI 2023 (MD 20/05/2023) 5.26%

10.70% IRFC NCD (MD 11/09/2023) 4.10% HDFC Bank Limited 3.15%Reliance Industries Limited 2.57%ICICI Bank Limited 2.39%Housing Development Finance Corporation 2.17%Infosys Limited 1.78%Tata Consultancy Services Limited 1.48%ITC Limited 1.47%Larsen & Toubro Limited 1.32%State Bank of India 1.11%Axis Bank Limited 0.93%Other Equity 14.86%

AAA

93.05%Sovereign

6.95%

Debt

Equity

1.80 ( 67% )

0.90 (33% )


Stable 2 BM

SECTORAL ALLOCATION

11.98%

2.20%

3.12%

3.65%

5.63%

6.52%

8.89%

9.50%

9.67%

11.99%

26.85%

OTHERS

POWER

AUTOMOBILE

CEMENT

PHARMACEUTICALS

FINANCIAL SERVICES

FMCG

OIL AND GAS

CAPITAL GOODS

SOFTWARE / IT

BANKING

Jun-15

Dec-15

Jun-16

Dec-16

Jun-17

Dec-17

Jun-18

Dec-18

Jun-19


Asset held ̀ 612.71 Cr as on 30th June 2019: Modified Duration: 4.49 years


N AV as on 30th June 2019: ` 101.2282

Group Growth Fund ULGF00112/06/01BSLGGROWTH109Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 18 years &18 years Portfolio as on Sunday, June 30, 2019

Fund Snapshot Date of Inception: 31-Aug-01Objective:

Strategy:

The objective of this investment fund option is to achieve optimum balance between growth and stability to provide long-term capital appreciation with balanced level of risk by investing in fixed income securities and high quality equity security. This fund option is for those who are willing to take average to high level of risk to earn attractive returns over a long period of time.

The strategy is to invest into fixed income securities & maintaining diversified equity portfolio along with active fund management policyholder’s wealth in long run.

Know the Fund BetterOver 92% of the debt portfolio remains invested in highest rated instruments.The fund is predominantly invested in large cap stocks and maintains a well diversified equity portfolio.

8.83% GOI 2023 (MD 25/11/2023) 6.07%8.33% GOI 2026 (MD 09/07/2026) 3.50%8.60% GOI 2028 (MD 02/06/2028) 2.16%9.53% State Developement -Gujrat 2024 (MD 12/02/2024) 1.77%9.20% GOI 2030 (MD 30/09/2030) 1.71%9.23% GOI 2043 (MD 23/12/2043) 1.62%7.95% GOI 2032 (28.08.2032) 1.55%8.20% GOI (MD 15/02/2022) 1.44%8.17% GOI 2044 (MD 01/12/2044) 1.29%7.75% Power Finance Corpn. Ltd. NCD (MD 22/03/2027) 1.14%Other Government Securities 5.46%

7.89% Can Fin Homes Ltd. NCD MD (18/05/2022) Series 6 2.44%9.00 HDFC Ltd. NCD (MD 29/11/2028) Series U-005 1.75%8.50% NABARD NCD Call Put 31/01/2020 (MD 31/01/2022) 1.64%9.34% REC Ltd. NCD (MD 25/08/2024) 1.61%8.70% PFC Ltd. NCD (MD 14/05/2020) 1.38%8.45% HDFC Ltd. NCD MD (18/05/2026) (Series P - 012) 1.34%8.55% PFC Ltd. NCD (09/12/2021) SRS 124 1.33%7.35% BPCL Ltd NCD (MD 10/03/2022) 1.25%7.89% PGC NCD (L-VII) (MD 09/03/2027) 0.82%7.58% PNB Housing Finance Ltd NCD (MD 15/03/2021) 0.81%Other Corporate Debt 4.56%




SECTORAL ALLOCATION

ASSET ALLOCATION

Rating Profile


AA+

A1+AA

AA-

6.76%

3.22% 0.68%0.83%

AAA33.39%

Sovereign55.12%


4.36%

Equity

NCD

48.99%

18.94%

G-Secs27.71%

Debt312.54 (51 %)

Equity300.16 (49 %)

Growth BM

13.04%

1.94%

2.93%

3.30%

5.38%

6.77%

8.60%

9.33%

10.01%

12.05%

26.65%

OTHERS

POWER

CEMENT

AUTOMOBILE

PHARMACEUTICALS

FINANCIAL SERVICES

FMCG

OIL AND GAS

CAPITAL GOODS

SOFTWARE / IT

BANKING

Jun-12

Dec-12

Jun-13

Dec-13

Jun-14

Dec-14

Jun-15

Dec-15

Jun-16

Dec-16

Jun-17

Dec-17

Jun-18

Dec-18

Jun-19

Jun-15

Dec-15

Jun-16

Dec-16

Jun-17

Dec-17

Jun-18

Dec-18

Jun-19





SECTORAL ALLOCATION

ASSET ALLOCATION

Rating Profile


NAV as on 30th June 2019: ` 24.7929

Group Growth Fund 2 ULGF01828/11/11BSLGROWTH2109Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 18 years &18 years Portfolio as on Sunday, June 30, 2019


Strategy:

The objective of this investment fund option is to achieve optimum balance between growth and stability to provide long-term capital appreciation with balanced level of risk by investing in fixed income securities and high quality equity security. This fund option is for those who are willing to take average to high level of risk to earn attractive returns over a long period of time.

The strategy is to invest into fixed income securities & maintaining diversified equity portfolio along with active fund management policyholder’s wealth in long run.


7.95% GOI 2032 (28.08.2032) 7.78%7.59% GOI 2026 (MD 11/01/2026) 6.21%9.23% GOI 2043 (MD 23/12/2043) 2.99%8.83% GOI 2023 (MD 25/11/2023) 2.60%8.83% GOI 2041 (MD 12/12/2041) 1.15%

8.35% LIC Housing Finance Ltd. NCD (MD 23/10/2020) 4.86%9.04% REC Ltd. NCD (MD 12/10/2019) 3.63%8.40% Nuclear Power Corp Of India Ltd (C) (MD 28/11/2027) Se 2.51%7.89% Power Grid Corporation NCD (L-VIII) (MD 09/03/2027) 2.41%7.69% BPCL Ltd NCD (MD 16/01/2023)-2018–Series I 2.40%

HDFC Bank Limited 4.97%Reliance Industries Limited 3.72%ICICI Bank Limited 3.43%Housing Development Finance Corporation 3.41%Infosys Limited 2.58%Tata Consultancy Services Limited 2.24%ITC Limited 2.12%Larsen & Toubro Limited 1.92%State Bank of India 1.59%Axis Bank Limited 1.32%Other Equity 21.87%

Sovereign67.94%

AAA32.06%

Equity20.41 (49 %)

Debt21.10 (51 %)


Equity

NCD15.80%

49.17%

20.72%G-Secs


14.31%

Growth 2 BM

11.77%

2.16%

3.28%

3.37%

5.73%

6.93%

8.56%

9.24%

9.68%

12.22%

27.06%

OTHERS

POWER

AUTOMOBILE

CEMENT

PHARMACEUTICALS

FINANCIAL SERVICES

FMCG

OIL AND GAS

CAPITAL GOODS

SOFTWARE / IT

BANKING

Group Growth Advantage Fund ULGF01026/11/07BSLIGGRADV109Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 18 years &18 years Portfolio as on Sunday, June 30, 2019

Fund Snapshot Date of Inception: 18-Feb-08Objective:

Strategy:

The Objective of the fund is to provide blend of fixed return by investing in debt & money market instruments and capital appreciation by predominantly investing in equities of fundamentally strong and large blue chip companies.

The fund option will invest at least 40% and maximum of 60% in fundamentally strong and large blue chip companies and minimum 40% in Debt and money market Instruments. The Strategy of the fund is to build and actively manage a well-diversified equity portfolio of value & growth driven stocks by following a research-focused investment approach. While appreciating the high risk associated with equities, the fund would attempt to maximize the risk-return pay-off for the long-term advantage of the policyholders. The fund will also explore the option of having exposure to quality mid cap stocks. The Fund Manager would endeavor to outperform the benchmark. The nonequity portion of the fund will be invested in highrated debt and money market instruments and fixed deposits.




EQUITY: 58.87%CORPORATE DEBT: 14.15%

N AV as on 30th June 2019: ` 36.5426

GOVERNMENT SECURITIES: 15.23%9.20% GOI 2030 (MD 30/09/2030) 7.61%8.33% GOI 2026 (MD 09/07/2026) 2.92%8.83% GOI 2023 (MD 25/11/2023) 1.76%8.60% GOI 2028 (MD 02/06/2028) 1.20%8.83% GOI 2041 (MD 12/12/2041) 1.04%9.23% GOI 2043 (MD 23/12/2043) 0.68%7.88% GOI 2030 (MD 19/03/2030) 0.01%

7.89% PGC NCD (L-VIII) (MD 09/03/2027) 4.36%9.05% Reliance Industries Ltd NCD (MD 17/10/2028) 2.93%9.00 HDFC Ltd. NCD (MD 29/11/2028) Series U-005 2.92%9.475% Aditya Birla Finance Ltd NCD G-8 (MD 18/03/2022) 1.70%8.57% REC Ltd. NCD (MD 21/12/2024) 1.13%9.05% Petronet LNG Ltd NCD (MD 28/10/2019) 0.77%8.43% LIC Housing Finance Ltd. NCD (MD 10/07/2026) Put 12/07 0.34%


ASSET ALLOCATION

Rating Profile



NCD

Equity

11.75%

58.87%

14.15%

G-Secs15.23%


Equity

Debt

53.93 (59% )

37.69 (41% )


SECTORAL ALLOCATION

AAA45.89%

54.11%

Growth Advantage BM

12.66%

2.14%

3.21%

3.28%

5.55%

6.90%

8.67%

9.22%

9.95%

11.70%

26.72%

OTHERS

POWER

CEMENT

AUTOMOBILE

PHARMACEUTICALS

FINANCIAL SERVICES

FMCG

OIL AND GAS

CAPITAL GOODS

SOFTWARE / IT

BANKING

Sovereign

Jun-12

Dec-12

Jun-13

Dec-13

Jun-14

Dec-14

Jun-15

Dec-15

Jun-16

Dec-16

Jun-17

Dec-17

Jun-18

Dec-18

Jun-19

Group Money Market Fund ULGF00824/08/04BSLIGRMMKT109Fund Manager: Parin Vora | Total Experience: 18 years

Portfolio as on Sunday, June 30, 2019

Fund Snapshot Date of Inception: 30-Mar-05Objective:

Strategy:

The primary objective of the investment fund option is to provide reasonable returns, at a high level of safety and liquidity for capital conversation for the policyholder.

The strategy of investment fund option is to make judicious investments in high quality debt and money market instruments protect capital of the policyholder with very low level of risk.

Know the Fund Better100% of the fund is invested in highest rated instruments.The fund continues to maintain very low maturity profile.

Benchmark: Crisil Liquid Fund Index


8.85% Power Grid Corpn. Of India Ltd. NCD (MD 19/10/2019) 6.94%9.02% REC Ltd. NCD (MD 19/11/2019) 6.04%6.91% NHPC Ltd NCD (MD 15/09/2019) W1 4.20%8.60% LIC Housing Finance Ltd. NCD (MD 22/07/2020) 3.95%8.80% HDFC Ltd. NCD (MD 18/06/2020)Series U-006 3.65%8.54% NHPC Ltd NCD (MD 26/11/2019) (SR S2) 3.62%8.36% PFC Ltd. NCD (MD 26/02/2020) 3.02%9.04% REC Ltd. NCD (MD 12/10/2019) 3.02%8.84% Power Grid Corpn. Of India Ltd. NCD (MD 21/10/2019) 3.02%7.20% IRFC NCD (MD 31/05/2020) 3.00%

CORPORATE DEBT: 40.47% ASSET ALLOCATION


Debt166.27 (100%)


Money Market BM


40.47%NCD

53.27%

Rating Profile

GOVERNMENT SECURITIES: 6.26%364 Days TBill (MD 10/10/2019) 3.24%6.65% GOI 2020 (MD 09/04/2020) 3.02%

G-Secs6.26%

AAA47.54%

7.36%

45.10%A1+


Sovereign

N AV as on 30th June 2019: ` 33.2149 Modified Duration: 0.15 years

Jun-12

Dec-12

Jun-13

Dec-13

Jun-14

Dec-14

Jun-15

Dec-15

Jun-16

Dec-16

Jun-17

Dec-17

Jun-18

Dec-18

Jun-19

Jun-15

Dec-15

Jun-16

Dec-16

Jun-17

Dec-17

Jun-18

Dec-18

Jun-19

GOVERNMENT SECURITIES: 79.06%6.90% GOI (MD 13/07/2019) 79.06%

Group Money Market Fund 2 ULGF01928/11/11BSLGRMMKT2109Fund Manager: Parin Vora | Total Experience: 18 years


Fund Snapshot Date of Inception: 28-NOV-11Objective:

Strategy:

The primary objective of the investment fund option is to provide reasonable returns, at a high level of safety and liquidity for capital conversation for the policyholder.

The strategy of investment fund option is to make judicious investments in high quality debt and money market instruments protect capital of the policyholder with very low level of risk.

Know the Fund Better100% of the fund is invested in highest rated instruments. The fund continues to maintain very low maturity profile.

Benchmark: Crisil Liquid Fund Index

ASSET ALLOCATION

Rating Profile


G-Secs


79.06%

20.94%

Sovereign100.00%

Debt0.32 (100%)


Money Market2 BM

Asset held ` 0.32 Cr as on 30th June 2019: NAV as on 30th June 2019: ` 17.8495


Group Short Term Debt Fund ULGF01322/09/08BSLGSHTDBT109Fund Manager: Parin Vora | Total Experience: 18 years


Fund Snapshot Date of Inception: 10-Dec-08Objective:

Strategy:

This ABSLI fund option helps to provide capital preservation at a high level of safety & liquidity through judicious investments in high quality short-term debt instruments.

To actively manage the fund by building a portfolio of fixed income instruments with short-term duration. The quality & duration of the assets purchased would aim to minimize the credit risk & liquidity risk of the portfolio. Fund will maintain reasonable level of liquidity.

Know the Fund BetterExposure to Corporate Debt has increased to 79.80% from 69.71% and MMI has decreased to 20.20% from 30.29% on a MOM basis. Over 91% of the fund is invested in highest rated instruments.

Benchmark: Crisil Short Term Bond Fund Index

Asset held ` 29.34 Cr as on 30th June 2019: Modified Duration: 1.82 yearsN AV as on 30th June 2019: ` 23.5200

CORPORATE DEBT: 79.80%7.85% NABARD NCD (MD 23/05/2022) 8.54%7.10% PFC Ltd NCD (MD 08/08/2022) 8.37%9.10% Fullerton India Credit Co.Ltd.NCD (15/12/2021) S-68 Opt-II 7.02%8.60% ONGC Petro Additions Limited NCD (MD 11/03/2022) 6.95%HDB Financial Services Limited Series 124 ZCB MD 29/10/2021 5.64%9.04% REC Ltd. NCD (MD 12/10/2019) 5.13%7.85% Indian Hotels Co Ltd (MD 15/04/2022) S-1 4.08%8.44% HDFC Bank Ltd. Infra Bond NCD (MD 28/12/2028) 3.53%8.90% Indiabulls Housing Finance Ltd NCD SR. III B (MD 26/09/2021) 3.49%8.00% Reliance Jio Infocomm Limited NCD (MD 16/04/2023) 3.42%Other Corporate Debt 23.62%


ASSET ALLOCATION


Debt29.34 (100%)



20.20%

NCD79.80%

Rating Profile

AAA83.46%

8.63%

7.91%Sovereign

AA+

Short Term Debt BM

Jun-12

Dec-12

Jun-13

Dec-13

Jun-14

Dec-14

Jun-15

Dec-15

Jun-16

Dec-16

Jun-17

Dec-17

Jun-18

Dec-18

Jun-19

Group Short Term Debt Fund 2 ULGF02128/11/11BSLGSHTDB2109Fund Manager: Parin Vora | Total Experience: 18 years



Strategy:

This ABSLI fund option helps to provide capital preservation at a high level of safety & liquidity through judicious investments in high quality short-term debt instruments.

To actively manage the fund by building a portfolio of fixed income instruments with short-term duration. The quality & duration of the assets purchased would aim to minimize the credit risk &liquidity risk of the portfolio. Fund will maintain reasonable level of liquidity.

Know the Fund BetterExposure to Corporate Debt has increased to 71.70% from 69.21% and MMI has decreased to 28.30% from 30.79% on a MOM basis. Over 81% of the fund is invested in highest rated instruments.

Benchmark: Crisil Short Term Bond Fund Index

Asset held ` 29.19 Cr as on 30th June 2019: Modified Duration: 1.66 yearsNAV as on 30th June 2019: ` 19.6958

CORPORATE DEBT: 71.70%7.85% NABARD NCD (MD 23/05/2022) 8.58%7.90% Nirma Ltd NCD SR III (MD 28/02/2020) 7.87%7.35% BPCL Ltd NCD (MD 10/03/2022) 7.83%9.51% LIC Housing Finance Ltd NCD (MD 24/07/2019) 6.86%7.55% Tube Investments Of India Ltd NCD (MD 20/02/2020) 6.84%8.70% PFC Ltd. NCD (MD 14/05/2020) 6.57%8.44% HDFC Bank Ltd. Infra Bond NCD (MD 28/12/2028) 5.32%8.58 HDFC Ltd. NCD (MD 18/03/2022) 4.54%7.95% HDFC Bank Ltd NCD Series-1 2016/17 (MD 21/09/2026) 3.44%8.40% Nuclear Power Corp Of India Ltd (C) (MD 28/11/2027) Se 2.85%Other Corporate Debt 11.00%


ASSET ALLOCATION


Debt29.19 (100%)



28.30%

NCD71.70%

Rating Profile

AAA58.13%

AA+

AA7.33%

11.37%

Sovereign23.16%

Short Term Debt 2 BM

Jun-15

Dec-15

Jun-16

Dec-16

Jun-17

Dec-17

Jun-18

Dec-18

Jun-19

Group Income Advantage Fund ULGF01425/02/10BSLGINCADV109Fund Manager: Parin Vora | Total Experience: 18 years


Fund Snapshot Date of Inception: 23-Mar-10Objective:

Strategy:

To provide capital preservation and regular income, at a high level of safety over a medium term horizon by investing in high quality debt instruments.

To build and actively manage a portfolio of high quality fixed income instruments with medium-term duration. The fund will invest in government securities, high rated corporate bonds, high quality money market instruments and other fixed income securities. The quality of the assets purchased would aim to minimize the credit risk and liquidity risk of the portfolio. The fund will maintain reasonable level of liquidity.

Know the Fund BetterOver 96% of the fund remains invested in highest rated instruments.

Benchmark: Crisil Composite Bond Fund index & Crisil Liquid Fund Index



ASSET ALLOCATION

Rating Profile



3.03%

NCD

45.45%G-Secs 51.52%

AAA49.38%

3.75%

Sovereign

AA

46.87%

CORPORATE DEBT: 51.52%GOVERNMENT SECURITIES: 45.45%8.83% GOI 2023 (MD 25/11/2023) 12.84%9.23% GOI 2043 (MD 23/12/2043) 6.22%8.20% GOI (MD 15/02/2022) 5.28%7.50% GOI 2034 (10.08.2034) 5.20%7.95% GOI 2032 (28.08.2032) 5.13%8.08% GOI (MD 02/08/2022) 2.61%8.15% GOI FCI SB Bonds (MD 16/10/2022) 2.58%7.59% GOI 2026 (MD 11/01/2026) 2.46%8.30% Fertilizer Co GOI (MD 07/12/2023) 1.45%8.13% GOI 2045 (MD 22/06/2045) 0.80%Other Government Securities 0.88%

9.05% Reliance Industries Ltd NCD (MD 17/10/2028) 6.40%HDFC Ltd. ZCB (MD 10/05/2021) Srs P-010 6.23%9.37% PFC Ltd NCD (MD 19/08/2024) 5.07%9.15% Export Import Bank Of India NCD (MD 05/09/2022) 4.95%8.50% NABARD NCD SR 19F (MD 31/01/2023) 4.87%8.00% Reliance Jio Infocomm Limited NCD (MD 07/04/2023) 4.79%LIC Housing Finance Ltd. Tr 363 ZCB (MD 25/02/2020) 3.95%2% Tata Steel Ltd NCD (MD 23/04/2022) 3.64%8.85% PFC Ltd. NCD (MD 25/05/2029) 2.54%8.30% REC Ltd. NCD (MD 10/04/2025) 2.43%Other Corporate Debt 6.67%


Debt41.96 (100%)

Gr. Inc Adv BM

Jun-12

Dec-12

Jun-13

Dec-13

Jun-14

Dec-14

Jun-15

Dec-15

Jun-16

Dec-16

Jun-17

Dec-17

Jun-18

Dec-18

Jun-19

Group Gilt Fund ULGF00630/05/03BSLIGRGILT109Fund Manager: Parin Vora | Total Experience: 18 years


Fund Snapshot Date of Inception: 28-Apr-04Objective:

Strategy:

The investment fund option aims to deliver safe and consistent returns over a long-term period by investing in government securities for capital preservation of the policyholder.

The investment fund option strategy is to invest in government securities, maintaining a medium to long-term duration of the portfolio to achieve capital conversation.

Know the Fund BetterExposure to G-Secs has slightly decreased to 94.11% from 94.47% and MMI has slightly increased to 5.89% from 5.53% on a MOM basis.



ASSET ALLOCATION

Rating Profile


Sovereign100.00%

GOVERNMENT SECURITIES: 94.11%8.17% GOI 2044 (MD 01/12/2044) 37.10%8.83% GOI 2041 (MD 12/12/2041) 24.55%9.23% GOI 2043 (MD 23/12/2043) 16.38%9.15% GOI 2024 (MD 14/11/2024) 2.89%9.20% GOI 2030 (MD 30/09/2030) 2.68%8.83% GOI 2023 (MD 25/11/2023) 2.49%8.30% GOI 2042 (MD 31/12/2042) 2.28%8.28% GOI 2027 (MD 21/09/2027) 1.77%8.15% GOI 2022 (MD 11/06/2022) 1.72%8.20% GOI Oil SPL Bond 2023 (MD - 10/11/2023) 1.14%Other Government Securities 1.11%


Debt30.35 (100%)


5.89%

G-Secs94.11%

Group Bond Fund ULGF00530/05/03BSLIGRBOND109Fund Manager: Parin Vora | Total Experience: 18 years


Fund Snapshot Date of Inception: 28-Jan-07Objective:

Strategy:

The investment fund option aims to achieve capital preservation alongwith stable returns by investing in corporate bonds over medium-term period.

The fund follows a strategy to invest in high credit rated corporate bonds, maintaining a short-term duration of the portfolio at a medium level of risk to achieve capital conservation.

Know the Fund BetterExposure to Corporate Debt has increased to 84.78% from 82.39% and MMI has decreased to 15.22% from 17.61% on a MOM basis. Over 81% of the fund remains invested in highest rated instruments.

Asset held ̀ 335.88 Cr as on 30th June 2019: Modified Duration: 2.64 yearsN AV as on 30th June 2019: ` 33.4839

CORPORATE DEBT: 84.78%8.30% REC Ltd. NCD (MD 10/04/2025) 4.55%9.05% Petronet LNG Ltd NCD (MD 28/10/2019) 3.43%Bharti Telecom Ltd. ZCB (MD 19/02/2021) Series 2 3.37%2% Tata Steel Ltd NCD (MD 23/04/2022) 3.18%9.50% HDFC Ltd NCD (MD 13/08/2024) 3.18%9.15% Axis Bank NCD (MD 31/12/2022) 3.10%8.44% HDFC Bank Ltd. Infra Bond NCD (MD 28/12/2028) 3.08%8.60% India Infradebt Ltd NCD (MD 08/01/2021) Series I 3.08%8.40% PGC NCD (MD 27/05/2027) [I] 3.06%8.54% NPC Of India Ltd (MD 15/03/2023) 3.06%Other Corporate Debt 51.68%

ASSET ALLOCATION

Rating Profile



15.22%

NCD84.78%

Benchmark: Crisil AAA Medium Term Bond Index, Crisil AA Medium Term Bond Index & Crisil Liquid Fund Index


Debt335.88 (100%)

AAA80.10%

AA+

AA-

AA

Sovereign

A+

13.03%

3.93%

0.90%1.16%

0.87%MMI, Deposits, CBLO & Others: 15.22%

Gr.Bond BM

Jun-12

Dec-12

Jun-13

Dec-13

Jun-14

Dec-14

Jun-15

Dec-15

Jun-16

Dec-16

Jun-17

Dec-17

Jun-18

Dec-18

Jun-19

Group Fixed Interest Fund ULGF00416/07/02BSLGFIXINT109Fund Manager: Parin Vora | Total Experience: 18 years



Strategy:

The investment fund option with full exposure in debt market instrument, aims to achieve value creation at low risk over along-term horizon by investing into high quality fixed interest securities.

Active fund management at a medium level of risk by having entire exposure to government securities, corporate bonds maintaining medium to long-term duration of the portfolio to achieve capital conservation.

Know the Fund BetterExposure to Corporate Debt has increased to 58.05% from 55.88% G-Secs has slightly increased to 37.81% from 37.39% and MMI has decreased to 4.14% from 6.73% on a MOM basis. Over 86% of the fund remains invested in highest rated instruments.

Modified Duration: 5.08 yearsNAV as on 30th June 2019: ` 40.2958

GOVERNMENT SECURITIES: 37.81%8.13% GOI 2045 (MD 22/06/2045) 5.39%7.61% GOI 2030 (MD 09/05/2030) 5.20%7.59% GOI 2026 (MD 11/01/2026) 4.33%8.97% GOI 2030 (MD 05/12/2030) 3.68%8.33% GOI 2026 (MD 09/07/2026) 3.61%8.60% GOI 2028 (MD 02/06/2028) 3.49%8.83% GOI 2041 (MD 12/12/2041) 2.51%8.17% GOI 2044 (MD 01/12/2044) 2.45%8.67% State Developement -Maharashtra 2026 (MD 24/02/2026) 1.93%7.72% GOI 2025 (MD 25/05/2025) 1.88%Other Government Securities 3.35%


ASSET ALLOCATION

Rating Profile



4.14%

NCD58.05%

G-Secs37.81%

AAA

39.44%

AA

AA+AA-

6.59%

4.75%2.57%

Sovereign

46.65%


CORPORATE DEBT: 58.05%9.05% Reliance Industries Ltd NCD (MD 17/10/2028) 3.89%8.30% REC Ltd. NCD (MD 10/04/2025) 2.77%9.25% Reliance Jio Infocomm Limited NCD (MD 16/06/2024) 2.75%10.90% AU Small Finance Bank Limited NCD (MD 30/05/2025) 2.47%9.05 HDFC Ltd. NCD Series U-001 (MD 16/10/2028) 2.43%LIC Housing Finance Ltd. ZCB Opt-1 (MD 25/03/2021) 2.33%8.75% HDFC Ltd. NCD (04/03/2021)(Series P-002) (Put Opt 14/0 2.21%9.24% LIC Housing Finance Ltd NCD (MD 30/09/2024) 2.20%9.55% Hindalco Industries Ltd. NCD (MD 27/06/2022) 2.15%8.00% Reliance Jio Infocomm Limited NCD (MD 16/04/2023) 2.14%Other Corporate Debt 32.71%



Debt1,104.62 (100%)

Fixed Interest BM

Jun-12

Dec-12

Jun-13

Dec-13

Jun-14

Dec-14

Jun-15

Dec-15

Jun-16

Dec-16

Jun-17

Dec-17

Jun-18

Dec-18

Jun-19

Group Fixed Interest Fund 2 ULGF01728/11/11BSLGFXINT2109Fund Manager: Parin Vora | Total Experience: 18 years



Strategy:

The investment fund option with full exposure in debt market instrument, aims to achieve value creation at low risk over along-term horizon by investing into high quality fixed interest securities.

Active fund management at a medium level of risk by having entire exposure to government securities, corporate bonds maintaining medium to long-term duration of the portfolio to achieve capital conservation.

Know the Fund BetterExposure to 93.95%and MMI has decreased to 4.66% from 6.05% on a MOM basis. 100% of the fund remains invested in highest rated instruments.

G-Secs has increased to 95.34% from

Asset held ` 3.34 Cr as on 30th June 2019: Modified Duration: 4.65 yearsNAV as on 30th June 2019: ` 21.3700

GOVERNMENT SECURITIES: 95.34%8.20% GOI 2025 (MD 24/09/2025) 95.34%


ASSET ALLOCATION

Rating Profile



4.66%

G-Secs95.34%

Sovereign100.00%



Debt3.34 (100%)

FIF 2 BM

Jun-15

Dec-15

Jun-16

Dec-16

Jun-17

Dec-17

Jun-18

Dec-18

Jun-19

Group Fund Factsheet June 2019 - Life Insurance...MBA in Finance from Welingkar’s Institute of Management and DPMIR from Narsee Monjee Institute of Management Studies. Balaced Fund

Documents