group fund factsheet march 2018 managers profile debt fund sfin no fund manager group money market...

Life InsuranceAditya Birla Sun LifeInsurance Company Limited

Group Fund FactsheetMarch 2018

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


Global factorsa) US - China trade war: US announced tariffs on steel and aluminum followed by 25% tariff on ~USD 60 bn Chinese goods.

This strengthens fears of a global trade war leading to risk-off sentiment in the global markets. The Chinese government laid

tariffs on about $3 billion worth of US imports, hitting 128 products.b) US Fed rate hike: US FOMC raised the benchmark Federal Funds rate by 25 bps from 1.5 to 1.75%. For 2018, the

expectations of three rate hikes remained unchanged.

Source: Tradingeconomics.com

Source: Tradingeconomics.com

Economy Review

Domestic factorsThe key events which had an impact on the markets in the month were –

On the economy front, IIP surged to 7.5 per cent in January – 18 vs 7.1 in December – 17.

IIP

a) Credit growth: Bank’s credit growth increased to 11.48 per cent to around Rs. 83 lac crore as on March 02, 2018. Personal

loans grew at an average of 19 per cent in the last three months. This has been growing steadily with strong pick up in

Industry credit growth and steady growth in personal loans indicating the improvement in demand scenario.

b) Trade Deficit: Trade deficit narrowed to US$11.9 bn in February against $16.3bn in January. The reduction in trade deficit

was on the back of lower imports. Exports grew at 4.5 per cent against 9.1 per cent in January. Imports grew 10.4 per cent in

February vs 26.1 per cent in January.

c) India’s current account Deficit: CAD widened to US$13.5 bn in 3QFY18 from US$7.2 bn in 2QFY18. Trade deficit widened

to US$44.1 bn, on the back stagnant exports at US$77.5 bn. Imports widened to US$121.6 bn.

d) Government borrowings calendar: Government has set gross market borrowings (GMB) at INR 2.88 trillion for 1HFY19.

This accounts for 47.6% of the full-year GMB target of INR6.06 trillion. For past many years, this is much lower than the share

of full-year GMBs issued.

Domestic macro economic data. Inflation (CPI) for February – 18 was recorded at 4.4 per cent against 5.07 per cent in January -18. The fall was on the back of sequential contraction in the food segment.

Inflation

DEC

Jan-

18

Feb-

18

3.83.0

2.21.5

2.4

3.4 3.3 3.6

4.9 5.2 5.14.4

0.0

1.0

2.0

3.0

4.0

5.0

6.0

DEC

Jan-

18

Feb-

17

1.9

3.82.8

1.7

0.11.2

4.5 4.1

8.4

7.1 7.5

2.2

0123456789

Market Update

Outlook for Equities

Sensex and Nifty lost around 3.6 per cent in March’18. FIIs turned net buyers. They invested around $1.9 bn in March 2018, taking the YTD net inflows to $2.0bn. While, DIIs invested around $1.0bn taking the YTD tally to $3.85bn.

At 15x FY20 earnings, markets are trading lower than their 15 year average. Investors in equity funds can expect gains in long-term as the growth in the economy is back and India regained its status of being the fastest growing economy in the world.

Outlook for Debt

The 10 year government bond yield moved from 7.73 per cent to 7.40 per cent in the month.

We expect the 10 year G-sec yield to be in the range of 7.30 per cent to 7.50 per cent in the near term. The corporate bond yields are expected to maintain a spread of around 60 basis points on the upward side.


Nifty

Sensex

BSE 100

Dow Jones

Hang Seng

Nikkei

Nasdaq

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

10113.70 10492.85 -3.61%

32968.68 34184.04 -3.56%

10502.61 10864.95 -3.33%

23848.42 25029.20 -4.72%

21031.31 22068.24 -4.70%

30022.53 30844.72 -2.67%

6949.23 7273.01 -4.45%

Nifty

Sensex

BSE 100

Dow Jones

Hang Seng

Nikkei

Nasdaq

INDEX 28-Mar-18 28-Feb-18 % Change

NSEBSE

4000

5000

6000

7000

8000

9000

10000

11000

12000

25000

27000

29000

31000

33000

35000

37000DE

C-17

Nov-

17

Apr-

17

May

-17

Jun-

17

Jul-1

7

Aug-

17

Sep-

17

Oct-

17

Jan-

18

Feb-

18

Mar

-18

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

bps

Perc

enta

ge (%

)

10 Year G-Sec

5 Year G-Sec

90 Day T Bill

364 Day T-Bill

Call Rates

7.40% 7.73% -4.46%

7.40% 7.55% -2.03%

6.11% 6.28% -2.78%

6.42% 6.63% -3.27%

6.00% 5.93% 1.17%

Key Indices 28-Mar-18 28-Feb-18 % Change

DEC-

17

Nov-

17

Apr-

17

May

-17

Jun-

17

Jul-1

7

Aug-

17

Sep-

17

Oct-

17

Jan-

18

Feb-

18

Mar

-18

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

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 FundMr. 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 31st March 2018Group 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

1.00 0.79

0.01 -0.23

1.85 0.92

6.86 5.27

10.04 8.35

7.76 6.80

10.21 8.76

9.49 8.34

10.45 8.35

0.16 -0.04

-0.81 -1.12

2.55 1.33

8.07 6.11

11.64 9.53

7.89 6.74

11.10 9.18

10.54 9.03

12.75 9.60

0.07 -0.04

-0.62 -1.12

2.98 1.33

8.79 6.11

12.66 9.53

8.97 6.74

11.78 9.18

11.48 9.03

11.65 9.26

-0.57 -0.86

-1.15 -2.01

4.32 1.72

11.01 6.94

15.25 10.68

9.71 6.64

13.16 9.56

12.78 9.68

13.22 9.82

-0.59 -0.86

-1.81 -2.01

3.53 1.72

10.01 6.94

14.17 10.68

8.58 6.64

12.45 9.56

11.95 9.68

14.19 10.77

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

-1.00 -1.40

-2.01 -2.61

4.04 1.98

10.51 7.48

15.13 11.44

8.56 6.55

13.12 9.80

12.75 10.09

12.38 6.70

0.57 0.63

1.55 1.52

2.99 2.85

6.16 5.65

6.88 5.78

7.22 6.13

7.57 6.54

7.86 6.88

8.94 6.56

0.55 0.63

1.53 1.52

3.06 2.85

6.24 5.65

6.68 5.78

7.12 6.13

7.61 6.54

7.90 6.88

8.23 7.13

0.98 1.14

1.55 1.35

2.83 1.76

6.53 4.99

7.31 6.43

7.51 6.69

7.95 7.29

8.03 7.35

8.50 7.22

1.13 1.14

1.73 1.35

3.03 1.76

7.19 4.99

8.00 6.43

8.27 6.69

8.83 7.29

8.96 7.35

9.59 7.61

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

1.85 1.82

0.75 0.99

0.43 0.50

4.79 4.20

7.51 6.70

7.41 6.79

9.10 8.11

8.32 7.34

9.00 7.29

2.60

1.48

-0.83

4.08

7.78

7.23

9.66

7.86

7.15

1.76 1.31

1.03 1.32

1.65 1.51

5.90 5.53

7.65 7.11

7.59 7.08

8.66 8.19

8.32 7.73

10.11 8.03

2.07 1.82

1.13 0.99

0.80 0.50

5.18 4.20

7.70 6.70

7.32 6.79

9.17 8.11

8.63 7.34

8.70 6.28

1.91 1.82

1.23 0.99

0.45 0.50

5.16 4.20

8.29 6.70

8.32 6.79

10.52 8.11

10.26 7.34

10.60 7.76

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


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

Asset held ̀ 2039.67 Cr as on 31st March 2018:

EQUITY: 19.24%

N AV as on 31st March 2018: ` 53.0863

Group Secure Fund ULGF00212/06/01BSLGSECURE109Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 18 years &18 years Portfolio as on Saturday, March 31, 2018

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 19.56%, G-Secs has remain constant to 37.47% and MMI has increased to 11.35% from 10.52% 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 19.24% from

CORPORATE DEBT: 31.95%GOVERNMENT SECURITIES: 37.47%9.20% GOI 2030 (MD 30/09/2030) 11.03%8.60% GOI 2028 (MD 02/06/2028) 4.67%8.83% GOI 2023 (MD 25/11/2023) 4.07%9.23% GOI 2043 (MD 23/12/2043) 3.73%8.33% GOI 2026 (MD 09/07/2026) 2.87%8.13% GOI 2045 (MD 22/06/2045) 1.01%7.16% GOI 2023 (MD 20/05/2023) 0.96%8.17% GOI 2044 (MD 01/12/2044) 0.96%8.32% GOI (MD 02/08/2032) 0.88%8.28% GOI (MD 15/02/2032) 0.81%Other Government Securities 6.49%

8.45% HDFC Ltd. Ncd MD (18/05/2026) (Series P - 012) 1.60%9.00% Godrej & Boyce Man Co Ltd. NCD MD (22/04/21) (Step Up) 1.26%7.50 HDFC Ltd. Ncd (MD 07/07/2020) 1.22%8.15% Tata Steel Ltd Ncd (MD 01/10/2026) 1.18%9.25% Reliance Jio Infocomm Limited NCD (MD 16/06/2024) 1.14%8.30% Rural Electrification Corpn. Ltd. NCD (MD 10/04/2025) 1.04%7.80% Apollo Tyres Limited Series C Maturity 30Th Apr 2024 0.95%8.57% REC Ltd. Ncd (MD 21/12/2024) 0.78%9.30% LIC Housing Finance Ltd NCD (MD 14/09/2022) 0.78%8.48% LIC Housing Finance Ltd.Ncd (MD 09/06/2023)NCD-297 Op1 0.76%Other Corporate Debt 21.22%

HDFC Bank Limited 1.63%Reliance Industries Limited 1.20%Housing Development Finance Corporation 1.12%Infosys Limited 0.93%ITC Limited 0.92%ICICI Bank Limited 0.78%Larsen & Toubro Limited 0.77%Maruti Suzuki India Limited 0.62%Mahindra & Mahindra Limited 0.46%GAIL (India) Limited 0.42%Other Equity 10.40%

MMI, Deposits, CBLO & Others: 11.35%

SECTORAL ALLOCATION

ASSET ALLOCATION

Rating Profile

AUM (In Cr) as on 31st March 2018

Secure BM

AAA34.39%

AA7.90%

AA+2.46%

AA-1.06%

A1+0.90%

Sovereign53.28%


MMI, Deposits,CBLO & Others

11.35%

NCD

Equity19.24%

31.95%

G-Secs37.47%

Debt1647.32 ( 81 %)

Equity392.35 ( 19 %)

Modified Duration: 5.34 years

15.63%

2.17%

2.34%

6.63%

6.71%

6.92%

9.52%

9.57%

10.93%

11.40%

18.19%

OTHERS

TELECOMMUNICATION

RETAILING

FMCG

PHARMACEUTICALS

AUTOMOBILE

SOFTWARE / IT

FINANCIAL SERVICES

CAPITAL GOODS

OIL AND GAS

BANKING

Mar

-11

Sep

-11

Mar

-12

Sep

-12

Mar

-13

Sep

-13

Mar

-14

Sep

-14

Mar

-15

Sep

-15

Mar

-16

Sep

-16

Mar

-17

Sep

-17

Mar

-18


Asset held ` as on 31st March 2018: 465.43 Cr Modified Duration: 5.41 years

EQUITY: 33.29%CORPORATE DEBT: 12.84%GOVERNMENT SECURITIES: 36.57%

N AV as on 31st March 2018: ` 73.2601

Group Stable Fund ULGF00312/06/01BSLGSTABLE109Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 18 years &18 years Portfolio as on Saturday, March 31, 2018

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 96% of the debt portfolio remains invested in highest rated instruments.The fund is predominantly invested in large cap stocks and maintains a well diversified equity portfolio.

9.23% GOI 2043 (MD 23/12/2043) 7.26%8.33% GOI 2026 (MD 09/07/2026) 6.21%8.83% GOI 2023 (MD 25/11/2023) 4.53%9.20% GOI 2030 (MD 30/09/2030) 3.60%8.28% GOI (MD 15/02/2032) 2.86%8.79% GOI 2021 (MD 08/11/2021) 2.54%8.60% GOI 2028 (MD 02/06/2028) 2.27%8.08% GOI (MD 02/08/2022) 1.38%8.30% GOI 2040 (MD 02/07/2040) 1.14%8.40% GOI 2024 (MD 28/07/2024) 1.12%Other Government Securities 3.66%

7.80% Apollo Tyres Limited Series B Maturity 28Th Apr 2023 2.12%8.65% Recl Ltd NCD (MD 15/01/2019) 2.02%8.90% LIC Housing Finance Ltd NCD (10/08/2020) 1.10%8.40% PGC NCD (MD 27/05/2027) [I] 1.10%7.58% PNB Housing Finance Ltd NCD (MD 15/03/2021) 1.07%7.89% PGC NCD (L-VIII) (MD 09/03/2027) 1.07%9.25% LIC Housing Finance Ltd NCD (MD 01/01/2023) 1.04%8.00% HDFC Ltd NCD (MD 22/08/2018) 0.86%9.25% Reliance Jio Infocomm Limited NCD (MD 16/06/2024) 0.84%8.95% Bajaj Finance Limited NCD (MD 10/04/2020) 0.44%Other Corporate Debt 1.18%

HDFC Bank Limited 2.82%Reliance Industries Limited 2.09%Housing Development Finance Corporation 1.94%ITC Limited 1.61%Infosys Limited 1.61%ICICI Bank Limited 1.34%Larsen & Toubro Limited 1.32%Maruti Suzuki India Limited 1.05%Mahindra & Mahindra Limited 0.81%GAIL (India) Limited 0.72%Other Equity 17.98%



SECTORAL ALLOCATION

ASSET ALLOCATION

Rating Profile


Stable BM


12.84%NCD

17.30%

G-Secs

Equity

36.57%

33.29%

AAA19.65%

AAA1+AA+

0.08%4.38%

7.18%

Sovereign68.71%

Equity

Debt

154.95 (33% )

310.47 (67% )

15.49%

2.07%

2.16%

6.63%

6.73%

6.93%

9.48%

9.61%

11.33%

11.40%

18.16%

OTHERS

METAL

TELECOMMUNICATION

FMCG

PHARMACEUTICALS

AUTOMOBILE

SOFTWARE / IT

FINANCIAL SERVICES

OIL AND GAS

CAPITAL GOODS

BANKING

Mar

-11

Sep

-11

Mar

-12

Sep

-12

Mar

-13

Sep

-13

Mar

-14

Sep

-14

Mar

-15

Sep

-15

Mar

-16

Sep

-16

Mar

-17

Sep

-17

Mar

-18


4.51%NCD

Equity

8.02%

33.83%G-Secs53.64%


Asset held ` 2.50 Cr as on 31st March 2018: Modified Duration: 5.03 years



SECTORAL ALLOCATION

ASSET ALLOCATION

Rating Profile


N AV as on 31st March 2018: ` 20.1195

Group Stable Fund 2 ULGF02228/11/11BSLGSTABL2109Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 18 years &18 years Portfolio as on Saturday, March 31, 2018

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) 20.36%9.20% GOI 2030 (MD 30/09/2030) 8.93%9.23% GOI 2043 (MD 23/12/2043) 6.98%8.40% GOI 2024 (MD 28/07/2024) 6.25%9.15% GOI 2024 (MD 14/11/2024) 5.59%7.16% GOI 2023 (MD 20/05/2023) 5.54%

10.70% IRFC NCD (MD 11/09/2023) 4.51% HDFC Bank Limited 3.53%Housing Development Finance Corporation 2.02%Reliance Industries Limited 1.88%ITC Limited 1.76%Infosys Limited 1.69%ICICI Bank Limited 1.44%Maruti Suzuki India Limited 0.92%Larsen & Toubro Limited 0.89%State Bank Of India 0.87%Mahindra & Mahindra Limited 0.85%Other Equity 17.98%

Stable 2 BM

AAA

92.26%Sovereign

7.74%

Debt

Equity

1.66 ( 66% )

0.85 (34% )


13.68%

1.86%

1.99%

6.28%

6.60%

7.89%

9.46%

9.84%

9.96%

11.38%

21.05%

OTHERS

DIVERSIFIED

RETAILING

PHARMACEUTICALS

AUTOMOBILE

FMCG

CAPITAL GOODS

FINANCIAL SERVICES

SOFTWARE / IT

OIL AND GAS

BANKING

Ma

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N AV as on 31st March 2018: ` 90.3595

Group Growth Fund ULGF00112/06/01BSLGGROWTH109Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 18 years &18 years Portfolio as on Saturday, March 31, 2018

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.


8.83% GOI 2023 (MD 25/11/2023) 6.77%8.33% GOI 2026 (MD 09/07/2026) 3.84%8.60% GOI 2028 (MD 02/06/2028) 2.34%9.53% State Developement -Gujrat 2024 (MD 12/02/2024) 1.98%9.20% GOI 2030 (MD 30/09/2030) 1.86%9.23% GOI 2043 (MD 23/12/2043) 1.72%8.20% GOI (MD 15/02/2022) 1.62%8.79% GOI 2021 (MD 08/11/2021) 1.56%8.17% GOI 2044 (MD 01/12/2044) 1.35%7.75% Power Finance Corpn. Ltd. NCD (MD 22/03/2027) 1.28%Other Government Securities 5.90%

9.34% REC Ltd. NCD (MD 25/08/2024) 1.82%8.70% Power Finance Corporation Ltd. NCD (MD 14/05/2020) 1.58%8.55% Power Finance Corpn. Ltd. NCD (09/12/2021) Series 124 1.51%8.45% HDFC Ltd. NCD MD (18/05/2026) (Series P - 012) 1.51%7.35% BPCL Ltd NCD (MD 10/03/2022) 1.41%8.48% LIC Housing Finance Ltd. NCD (MD 29/06/2026) Put 29/06 1.32%7.58% PNB Housing Finance Ltd NCD (MD 15/03/2021) 0.92%7.89% Power Grid Corporation NCD (L-VIII) (MD 09/03/2027) 0.92%9.02% REC Ltd. NCD (MD 19/11/2022) 0.69%9.23% LIC Housing Finance Ltd NCD (MD 13/12/2022) 0.58%Other Corporate Debt 2.05%

HDFC Bank Limited 4.22%Reliance Industries Limited 3.16%Housing Development Finance Corporation 2.94%Infosys Limited 2.30%ITC Limited 2.24%Larsen & Toubro Limited 2.00%ICICI Bank Limited 1.98%Maruti Suzuki India Limited 1.60%Mahindra & Mahindra Limited 1.15%GAIL (India) Limited 1.09%Other Equity 26.77%



SECTORAL ALLOCATION

ASSET ALLOCATION

Rating Profile


Growth BM

AA+0.84%

AAA34.19%

Sovereign64.97%


5.99%

Equity

NCD

49.45%

14.33%

G-Secs30.23%

Debt273.98 (51 %)

Equity268.04 (49 %)

15.45%

2.11%

2.16%

6.15%

6.51%

6.91%

9.39%

9.79%

11.56%

11.70%

18.29%

OTHERS

METAL

RETAILING

FMCG

PHARMACEUTICALS

AUTOMOBILE

SOFTWARE / IT

FINANCIAL SERVICES

OIL AND GAS

CAPITAL GOODS

BANKING

Mar

-11

Sep

-11

Mar

-12

Sep

-12

Mar

-13

Sep

-13

Mar

-14

Sep

-14

Mar

-15

Sep

-15

Mar

-16

Sep

-16

Mar

-17

Sep

-17

Mar

-18





SECTORAL ALLOCATION

ASSET ALLOCATION

Rating Profile


NAV as on 31st March 2018: ` 21.9737

Group Growth Fund 2 ULGF01828/11/11BSLGROWTH2109Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 18 years &18 years Portfolio as on Saturday, March 31, 2018


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 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.

8.40% GOI 2024 (MD 28/07/2024) 7.00%9.23% GOI 2043 (MD 23/12/2043) 3.13%8.83% GOI 2023 (MD 25/11/2023) 2.86%8.83% GOI 2041 (MD 12/12/2041) 1.20%

8.35% LIC Housing Finance Ltd. NCD (MD 23/10/2020) 5.46%9.04% REC Ltd. NCD (MD 12/10/2019) 4.11%9.15% Larsen & Toubro Ltd NCD (MD 05/01/2019) 4.08%9.64% PGC NCD (MD 31/05/18) 4.04%8.40% Nuclear Power Corp Of India Ltd (C) (MD 28/11/2027) Se 2.78%7.69% BPCL Ltd NCD (MD 16/01/2023)-2018–Series I 2.67%7.89% Power Grid Corporation NCD (L-VIII) (MD 09/03/2027) 2.67%9.74% Tata Sons Ltd. NCD (MD 13/01/2024) 0.87%

HDFC Bank Limited 4.74%Reliance Industries Limited 3.14%Housing Development Finance Corporation 2.92%ITC Limited 2.26%Infosys Limited 2.18%ICICI Bank Limited 2.00%Larsen & Toubro Limited 1.99%Maruti Suzuki India Limited 1.58%Mahindra & Mahindra Limited 1.25%GAIL (India) Limited 1.10%Other Equity 26.62%

AAA65.26%

Sovereign34.74%

Equity18.54 (50 %)

Debt18.70 (50 %)



9.34%

NCD

Equity

26.68%

49.78%

G-Secs14.19%

14.54%

2.09%

2.24%

6.74%

7.00%

7.02%

9.08%

9.67%

10.80%

11.48%

19.34%

OTHERS

METAL

RETAILING

PHARMACEUTICALS

FMCG

AUTOMOBILE

SOFTWARE / IT

FINANCIAL SERVICES

CAPITAL GOODS

OIL AND GAS

BANKING

Growth 2 BM

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Group Growth Advantage Fund ULGF01026/11/07BSLIGGRADV109Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 18 years &18 years Portfolio as on Saturday, March 31, 2018

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.





N AV as on 31st March 2018: ` 32.5948

9.20% GOI 2030 (MD 30/09/2030) 9.05%8.33% GOI 2026 (MD 09/07/2026) 3.52%8.83% GOI 2023 (MD 25/11/2023) 2.16%8.60% GOI 2028 (MD 02/06/2028) 1.43%8.83% GOI 2041 (MD 12/12/2041) 1.21%7.80% GOI (MD 11/04/2021) 0.89%9.23% GOI 2043 (MD 23/12/2043) 0.79%7.88% GOI 2030 (MD 19/03/2030) 0.01%

7.89% Power Grid Corporation NCD (L-VIII) (MD 09/03/2027) 5.36%8.57% REC Ltd. NCD (MD 21/12/2024) 1.39%9.05% Petronet LNG Ltd NCD (MD 28/10/2019) 0.96%11.95% HDFC Ltd NCD (MD 26/11/2018) 0.14%

HDFC Bank Limited 4.91%Reliance Industries Limited 3.65%Housing Development Finance Corporation 3.45%Infosys Limited 2.76%ITC Limited 2.61%Larsen & Toubro Limited 2.41%ICICI Bank Limited 2.35%Maruti Suzuki India Limited 1.89%Mahindra & Mahindra Limited 1.35%GAIL (India) Limited 1.27%Other Equity 31.27%

ASSET ALLOCATION

Rating Profile



15.17%

NCD

Equity

7.85%

57.92%G-Secs19.06%


Equity

Debt

42.91 (58% )

31.17 (42% )


Growth Advantage BM

SECTORAL ALLOCATION

AAA

AA+

21.37%

2.98%

Sovereign75.65%

15.00%

2.12%

2.43%

6.31%

6.63%

6.93%

9.50%

9.77%

11.46%

11.57%

18.28%

OTHERS

METAL

RETAILING

FMCG

PHARMACEUTICALS

AUTOMOBILE

SOFTWARE / IT

FINANCIAL SERVICES

OIL AND GAS

CAPITAL GOODS

BANKING

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

Portfolio as on Saturday, March 31, 2018

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 BetterOver 80% of the fund is invested in highest rated instruments.The fund continues to maintain very low maturity profile.

Benchmark: Crisil Liquid Fund Index

Asset held ` 125.31 Cr as on 31st March 2018: N AV as on 31st March 2018: ` 30.4659

CORPORATE DEBT: 60.70%8.55% Reliance Jio Infocomm Limited NCD PPD6 (MD 31/07/2018) 7.60%8.90% Steel Authority Of India (MD 01/05/2019) Call FR 01/05 7.34%8.00% HDFC Ltd NCD (MD 22/08/2018) 6.39%9.40% Blue Dart Express Limited NCD (MD 20/11/2018) Series N 6.05%8.60% LIC Housing Finance Ltd NCD (MD 20/06/2018) 5.12%10.85% RECL Ltd NCD (MD 14/08/2018) 4.92%8.03% Kotak Mahindra Prime Ltd NCD S-2(MD 14/02/2019) 4.81%9.68% Power Finance Corporation (MD 09/06/2018) 4.01%8.35% Petronet LNG Ltd NCD (MD 14/06/2018) 4.00%8.30% NABARD NCD (MD 12/06/2018) 16B 2.56%Other Corporate Debt 7.90%

ASSET ALLOCATION


Debt125.31 (100%)



39.30%NCD

60.70%


Money Market BM

Rating Profile

AAA49.95%

A1+29.21%

8.48%AA-

Sovereign

AA+AA

6.99%

4.71%

0.65%

Modified Duration: 0.18 years

Mar

-11

Sep

-11

Mar

-12

Sep

-12

Mar

-13

Sep

-13

Mar

-14

Sep

-14

Mar

-15

Sep

-15

Mar

-16

Sep

-16

Mar

-17

Sep

-17

Mar

-18

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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 held ` 0.30 Cr as on 31st March 2018: NAV as on 31st March 2018: ` 16.5161

GOVERNMENT SECURITIES: 85.10%364 Days Tbill (MD 10/05/2018) 50.47%5.69% GOI 2018 (MD 25/09/2018) 27.01%8.24% GOI (MD 22/04/2018) 7.63%


Money Market2 BM

ASSET ALLOCATION

Rating Profile



14.90%

G-Secs85.10%

Sovereign100.00%

Debt0.30 (100%)


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 decreased to 78.75% from 79.71% and MMI has increased to 21.25% from 20.29% on a MOM basis. Over 80% of the fund is invested in highest rated instruments.

Benchmark: Crisil Short Term Bond Fund Index

Asset held ` 25.60 Cr as on 31st March 2018: Modified Duration: 1.31 yearsN AV as on 31st March 2018: ` 21.3675

CORPORATE DEBT: 78.75%9.70% Power Finance Corpn. Ltd. NCD (MD 09/06/2021) 8.27%8.55% Reliance Jio Infocomm Limited NCD PPD6 (MD 31/07/2018) 7.83%7.55% Tube Investments Of India Ltd NCD (MD 20/02/2020) 7.75%10.50% AU Small Finance Bank Limited NCD (MD 19/04/2019) 7.60%9.15% Larsen & Toubro Ltd NCD (MD 05/01/2019) 7.11%9.04% REC Ltd. NCD (MD 12/10/2019) 5.98%9.90 HDFC Ltd. NCD (MD 10/06/2021) 4.99%8.68% LIC Housing Finance Ltd. NCD (MD 30/03/2020) 4.39%8.90% Indiabulls Housing Finance Ltd NCD SR. III B (MD 26/09 4.06%8.84% PGC Of India Ltd. NCD (MD 21/10/2019) 3.98%Other Corporate Debt 16.81%


Short Term Debt BM

ASSET ALLOCATION


Debt25.60 (100%)



21.25%

NCD78.75%

Rating Profile

AAA71.28%

11.08%

AA8.99%

AA-

A1+ Sovereign8.64% 0.02%

Ma

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Sep

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Ma

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Sep

-12

Ma

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Sep

-13

Ma

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Sep

-14

Ma

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5

Sep

-15

Ma

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6

Sep

-16

Ma

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7

Sep

-17

Ma

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8

Ma

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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 slightly decreased to 80.10% from 80.51% and MMI has slightly increased to 19.90% from 19.49% on a MOM basis. Over 78% of the fund is invested in highest rated instruments.

Benchmark: Crisil Short Term Bond Fund Index

Asset held ` 26.86 Cr as on 31st March 2018: Modified Duration: 1.63 yearsNAV as on 31st March 2018: ` 17.8782

CORPORATE DEBT: 80.10%7.90% NIRMA Ltd NCD SR III (MD 28/02/2020) 8.54%7.35% BPCL Ltd NCD (MD 10/03/2022) 8.48%8.12% ONGC Mangalore Petrochemicals Ltd NCD (MD 10/06/2 7.50%8.58% HDFC Ltd NCD (MD 08/05/2018) 7.46%7.55% Tube Investments Of India Ltd NCD (MD 20/02/2020) 7.38%8.70% Power Finance Corporation Ltd. NCD (MD 14/05/2020) 7.23%8.25% Tata Sons Ltd. NCD (MD 23/03/2022) 5.67%8.55% Reliance Jio Infocomm Limited NCD PPD6 (MD 31/07/2018) 5.60%7.48% GRUH Finance Ltd NCD (MD 10/06/19) F-013 5.59%8.30% NABARD NCD (MD 12/06/2018) 16B 3.73%Other Corporate Debt 12.92%


Short Term Debt 2 BM

ASSET ALLOCATION


Debt26.86 (100%)



19.90%

NCD80.10%

Rating Profile

AAA70.17%

A1+Sovereign

8.12%0.01%

AA21.71%

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 Better100% of the fund remains invested in highest rated instruments.

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



ASSET ALLOCATION

Rating Profile



15.83%

NCD

38.39%G-Secs 45.78%

AAA

A1+

39.65%

13.06%

Sovereign 47.28%

CORPORATE DEBT: 45.78%GOVERNMENT SECURITIES: 38.39%8.83% GOI 2023 (MD 25/11/2023) 12.00%9.23% GOI 2043 (MD 23/12/2043) 5.51%8.20% GOI (MD 15/02/2022) 4.96%7.50% GOI 2034 (10.08.2034) 4.66%8.08% GOI (MD 02/08/2022) 2.43%8.15% GOI FCI SB Bonds (MD 16/10/2022) 2.37%8.40% GOI 2024 (MD 28/07/2024) 2.35%8.30% Fertilizer Co GOI (MD 07/12/2023) 1.34%7.80% GOI (MD 11/04/2021) 1.26%8.13% GOI 2045 (MD 22/06/2045) 0.70%Other Government Securities 0.80%

9.90 HDFC Ltd. NCD (MD 10/06/2021) 5.99%8.08% Tata Sons Ltd. NCD (MD 05/08/2026) 5.65%9.37% Power Finance Corporation Ltd NCD (MD 19/08/2024) 4.80%9.15% Export Import Bank Of India NCD (MD 05/09/2022) 4.73%8.65% India Infradebt Ltd NCD (MD 21/03/2026) Series II 4.71%9.34% REC Ltd. NCD (MD 25/08/2024) 3.59%9.25% Reliance Jio Infocomm Limited NCD (MD 16/06/2024) 3.57%LIC Housing Finance Ltd. TR 363 ZCB (MD 25/02/2020) 3.41%9.02% REC Ltd. NCD (MD 19/11/2022) 3.06%8.95% LIC Housing Finance Ltd NCD (MD 15/09/2020) 2.32%Other Corporate Debt 3.95%


Debt44.36 (100%)

Gr. Inc Adv BM

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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 79.18% from 79.23% and MMI has slightly increased to 20.82% from 20.77% on a MOM basis.



ASSET ALLOCATION

Rating Profile


Sovereign100.00%

GOVERNMENT SECURITIES: 79.18%8.83% GOI 2041 (MD 12/12/2041) 28.39%9.23% GOI 2043 (MD 23/12/2043) 18.90%8.17% GOI 2044 (MD 01/12/2044) 12.71%9.15% GOI 2024 (MD 14/11/2024) 3.49%9.20% GOI 2030 (MD 30/09/2030) 3.17%8.83% GOI 2023 (MD 25/11/2023) 3.02%8.30% GOI 2042 (MD 31/12/2042) 2.62%8.28% GOI 2027 (MD 21/09/2027) 2.11%8.15% GOI 2022 (MD 11/06/2022) 2.09%8.20% GOI Oil SPL Bond 2023 (MD - 10/11/2023) 1.36%Other Government Securities 1.31%


Debt24.65 (100%)


20.82%

G-Secs79.18%

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 91.93% from 84.27% and MMI has decreased to 8.07% from 13.73% on a MOM basis. Over 76% of the fund remains invested in highest rated instruments.


CORPORATE DEBT: 91.93%LIC Housing Finance Ltd. ZCB Opt-1 (MD 25/03/2021) 7.22%9.74% Tata Sons Ltd. NCD (MD 13/01/2024) 3.64%9.05% Petronet LNG Ltd NCD (MD 28/10/2019) 3.47%8.30% REC Ltd. NCD (MD 10/04/2025) 3.31%9.50% HDFC Ltd NCD (MD 13/08/2024) 3.17%9.15% Axis Bank NCD (MD 31/12/2022) 3.12%8.60% India Infradebt Ltd NCD (MD 08/01/2021) Series I 3.10%8.54% NPC Of India Limited (MD 15/03/2 3.06%Bharti Telecom Ltd. ZCB (MD 19/02/2021) Series 2 3.06%8.40% PGC NCD (MD 27/05/2027) [I] 3.03%Other Corporate Debt 55.74%

ASSET ALLOCATION

Rating Profile



8.07%

NCD91.93%

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


Debt336.94 (100%)

AAA76.24%

AA

AA+

AA-A+

Sovereign

10.71%

8.74%

3.43%0.82%

0.06%


Gr.Bond BM

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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 52.42% from 51.39% G-Secs has slightly increased to 38.68% from 38.21% and MMI has decreased to 8.90% from 10.41% on a MOM basis. Over 85% of the fund remains invested in highest rated instruments.

Modified Duration: 4.99 yearsNAV as on 31st March 2018: ` 36.0683

GOVERNMENT SECURITIES: 38.68%8.60% GOI 2028 (MD 02/06/2028) 5.85%8.13% GOI 2045 (MD 22/06/2045) 5.09%7.61% GOI 2030 (MD 09/05/2030) 5.05%8.40% GOI 2024 (MD 28/07/2024) 4.46%8.97% GOI 2030 (MD 05/12/2030) 3.61%8.33% GOI 2026 (MD 09/07/2026) 3.58%8.83% GOI 2041 (MD 12/12/2041) 2.40%8.17% GOI 2044 (MD 01/12/2044) 2.02%8.67% State Developement -Maharashtra 2026 (MD 24/02/2026) 1.92%7.72% GOI 2025 (MD 25/05/2025) 1.86%Other Government Securities 2.84%


Fixed Interest BM

ASSET ALLOCATION

Rating Profile



8.90%

NCD52.42%

G-Secs38.68%

AAA40.38%

AA

AA+AA-

A1+

9.86%

4.43%2.89%

1.21%

Sovereign41.24%


CORPORATE DEBT: 52.42%8.75% HDFC Ltd. NCD (04/03/2021)(Series P-002) (Put Opt 14/0) 4.65%9.25% Reliance Jio Infocomm Limited NCD (MD 16/06/2024) 2.81%8.30% REC Ltd. NCD (MD 10/04/2025) 2.33%9.24% LIC Housing Finance Ltd NCD (MD 30/09/2024) 2.24%9.55% Hindalco Industries Ltd. NCD (MD 27/06/2022) 2.20%LIC Housing Finance Ltd. ZCB Opt-1 (MD 25/03/2021) 2.17%7.80% Apollo Tyres Limited Series A Maturity 29Th Apr 2022 1.82%8.90% Indiabulls Housing Finance Ltd NCD Sr. III B (MD 26/09 1.82%9.20% Cholamandalam Invt And Fin Co Ltd NCD (MD 04/04/2019) 1.52%8.92% Tata Capital Financial Services Ltd Sub Debt NCD 1.42%Other Corporate Debt 29.43%

Asset held ̀ 1085.02 Cr as on 31st March 2018:


Debt1,085.02 (100%)

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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 95.85% and MMI has slightly increased to 4.66% from 4.15% on a MOM basis. 100% of the fund remains invested in highest rated instruments.

G-Secs has slightly decreased to 95.34% from

Asset held ` 3.37 Cr as on 31st March 2018: Modified Duration: 5.44 yearsNAV as on 31st March 2018: ` 18.9508

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


FIF 2 BM

ASSET ALLOCATION

Rating Profile



4.66%

G-Secs95.34%

Sovereign100.00%



Debt3.37 (100%)

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group fund factsheet march 2018 managers profile debt fund sfin no fund manager group money market...

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