March 2017
Index
Secure Fund
Stable Fund
Stable Fund 2
Growth Fund
Growth Fund 2
Money Market Fund
Money Market Fund 2
Short Term Debt Fund 2
Short Term Debt Fund
Income Advantage Fund
Gilt Fund
Bond Fund
Fixed Interest Fund
Fixed Interest Fund 2
Pg 1
Pg 3
Pg 4
Pg 5
Pg 6
Pg 7
Pg 8
Pg 9
Pg 10
Pg 11
Pg 12
Pg 13
Pg 14
Pg 15
Pg 16
Pg 17
Pg 18
Pg 19
Growth Advantage Fund
Market Outlook
Fund Managers Profile
Fund Performance
Market Update
1
Source: Tradingeconomics
Economy Review
The key events which had an impact on the markets in the month were –
1. Domestic factors –
a. Result of state elections – Elections were held in 5 states in the month of February and March. The
ruling party at the centre, Bharatiya Janta Party (BJP) had clear majority in Uttar Pradesh and Uttarakhand. It also
formed government in Goa and Manipur as the post polls allies benefitted them. Indian National Congress (INC)
formed government in Punjab. These were the first five states to go in to elections post the demonetization drive.
Also, getting a majority in UP was crucial to the ruling party ahead of the general elections to be held in 2019.
b. Passage of GST Bill – The lower house of parliament passed the four GST bills. The GST Council
tentatively approved four sets of rules on the invoice, payment etc., apart the five sets of rules approved earlier.
The council is expected to finalize the rules next month.
c. Poor monsoon forecast – Private weather forecaster, Skymet has said that monsoons in India will be
affected by resurfacing of the El Nino. However, they have mentioned that El Nino will result in lower rainfalls in the
later part of the four months monsoon period.
2. Global factors –
a. Fed rate hike – Markets were concerned over the rate hike in the US. The US Federal reserve
increased the Federal Funds Rate by 25 bps and continued to project two more rate hikes for the year.
Domestic macro economic data was mixed.
Inflation (CPI) for February-17 was recorded at 3.7 per cent, higher than 3.2 per cent for the month of January-17.
The increase in inflation was led by food and fuel prices. However, inflation is well within RBI's comfort zone.
On the economy front, IIP for January-17 increased to 2.7 per cent compared to (-) 0.1 per cent in December-16.
Source: Tradingeconomics
Market Update
2
23.7542
% ChangeINDEX
Nifty
Sensex
BSE 100
Dow Jones
Hang Seng
Nikkei
Nasdaq
9173.75 8879.60 3.31%
29620.50 28743.32 3.05%
9494.36 9190.73 3.30%
20663.22 20812.24 -0.72%
18909.26 19118.99 -1.10%
24111.59 23740.73 1.56%
5911.74 5825.44 1.48%
NSEBSE
Jan-1
7
Feb-1
7
Mar-
17
Mar-
16
Apr-
16
May-
16
Jun-1
6
Jul-16
Aug-1
6
Sep-1
6
Oct
-16
Nov-
16
Dec-
16
4000
5000
6000
7000
8000
9000
10000
22000
23000
24000
25000
26000
27000
28000
29000
30000
31-Mar-17 28-Feb-17
Outlook for Equities
Outlook for Debt
Sensex gained around 3.3% in the month of March. FIIs stepped up momentum in the month. They
bought $4.6bn in the month. Domestic institutions turned net sellers for the month. They sold $653mn in
March.
At a 16.2 multiple of FY18 earnings, markets are trading close to their 15 year average. Investors in equity
funds can expect significant gains in long-term with higher growth in corporate earnings.
The 10 year government bond yield moved from 6.93 per cent to 6.68 per cent in the month.
We expect the 10 year G-sec yield to be in the range of 6.5 per cent to 6.75 per cent in the near term. The
corporate bond yields are expected to maintain a spread of 50 to 70 basis points on the upward side.
31-Mar-17 28-Feb-17 % ChangeKey Indices
10 year G-Sec
5 Year G-Sec
91 Day T Bill
364 day T-Bill
Call Rates
6.68% 6.87% -2.84%
6.76% 6.80% -0.59%
5.78% 6.10% -5.54%
6.10% 6.21% -1.80%
5.99% 5.94% 0.83%
5 year AAA Corporate Bond Spread
Perc
enta
ge(%
)
15
40
65
90
115
140
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
Ja
n-1
7
Fe
b-1
7
Ma
r-1
7
Ma
r-1
6
Ap
r-1
6
Ma
y-1
6
Ju
n-1
6
Ju
l-1
6
Au
g-1
6
Se
p-1
6
Oct-
16
No
v-1
6
De
c-1
6
bps
Fund Managers Profile
Mr. Sameer Mistry
Mr. Sameer Mistry Joint Vice President Investments– -
Mr. Parin Vora – Assistant Vice President - Investments
3
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
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
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
Debt Fund SFIN No Fund Manager
Group Secure Fund
Group Stable Fund
Group Stable Fund 2
Group Growth Fund
Group Growth Fund2
Group Growth Advantage Fund
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
ULGF00212/06/01BSLGSECURE109
ULGF00312/06/01BSLGSTABLE109
ULGF02228/11/11BSLGSTABL2109
ULGF00112/06/01BSLGGROWTH109
ULGF01828/11/11BSLGROWTH2109
ULGF01026/11/07BSLIGGRADV109
Balaced Fund SFIN NoEquity Debt
Fund Manager
Fund ManagerDebt Fund Balanced Fund Equity Fund
No. of Funds Managed
Mr. Parin Vora 9 6 -
Mr. Sameer Mistry - 6 -
Fund Performance as on 31st March 2017
Group Funds Figures in percentage (%)
Disclaimer:This document is issued by BSLI. 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 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 of investment 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 of phone call, number.* Duration for Money Market Instrument and FD’s is considered as "Zero".
4
Secure
Stable
Stable 2
Growth
Growth 2
Growth Advantage
Money Market
Money Market 2
Short Term Debt Fund
Short Term Debt 2
Income Advantage
Gilt Fund
Bond Fund
Fixed Interest
Fixed Interest 2
BSE 100
BSE 100
BSE 100
BSE 100
BSE 100
BSE 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
Crisil Liquid Fund Index
Crisil Liquid Fund Index
Crisil Liquid Fund Index
Crisil Liquid Fund Index
Crisil Liquid Fund Index
Crisil Liquid Fund Index
Crisil Liquid Fund Index
-
-
Crisil Liquid Fund Index
-
Crisil Liquid Fund Index
Crisil Liquid Fund Index
Crisil Liquid Fund Index
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
Absolute
CAGR
Returns Period
Absolute
CAGR
Returns
SecureFund
BMStableFund
BMStableFund 2
BMGrowthFund
BMGrowthFund 2
BM
Growth Advantage
BMMoney
Market Fund BM
Money Market Fund 2
BM BM BM
Absolute
CAGR
Returns Period BMBMGilt FundFixed
Interest Fund 2BM
Fixed Interest Fund
Bond FundIncome
Advantage Fund BM
Period
Fund NameBenchmark Composition
SFINWeightage Weightage WeightageIndex Index Index
1.55 1.53
2.65 2.99
3.37 3.59
13.31 11.52
8.20 7.58
11.34 9.95
10.15 9.11
10.13 9.02
10.68 8.56
1.81 1.83
4.50 4.81
4.18 4.18
15.34 13.05
7.81 7.06
12.13 10.22
11.16 9.76
10.85 9.45
13.06 9.84
1.89 1.83
4.81 4.81
5.06 4.18
16.66 13.05
9.05 7.06
12.80 10.22
12.14 9.76
11.50 9.45
12.20 9.85
2.18 2.13
6.76 6.65
5.63 4.75
18.49 14.55
7.87 6.49
13.28 10.45
12.42 10.36
11.77 9.84
14.46 11.03
2.14 2.13
7.28 6.65
6.67 4.75
19.64 14.55
9.07 6.49
13.89 10.45
13.20 10.36
12.98 9.84
13.63 10.37
2.47 2.33
8.16 7.90
6.45 5.12
19.95 15.54
7.60 6.08
14.00 10.58
13.30 10.73
12.49 10.07
12.59 6.61
0.57 0.47
1.72 1.35
3.57 2.71
7.60 5.92
7.75 6.37
8.04 6.83
8.28 7.19
8.58 7.31
9.17 6.63
0.53 0.47
1.63 1.35
3.32 2.71
7.11 5.92
7.57 6.37
8.08 6.83
8.32 7.19
8.53 7.31
8.61 7.40
0.49 0.66
1.49 1.24
3.32 3.12
8.10 7.89
8.00 7.56
8.43 8.07
8.40 7.95
8.90 8.10
8.74 7.49
0.77 0.66
1.87 1.24
3.80 3.12
8.82 7.89
8.82 7.56
9.39 8.07
9.41 7.95
10.09 8.10
10.05 8.11
1.42
-0.72
0.91
11.61
8.84
11.58
8.81
9.35
7.39
0.72 0.60
0.93 1.39
2.78 3.22
9.42 8.72
8.45 7.86
9.59 9.10
8.93 8.29
9.58 8.56
10.54 8.28
1.20 1.09
0.11 0.64
1.95 2.78
10.29 9.26
8.40 8.10
10.54 9.44
9.50 8.14
10.10 8.34
8.95 6.43
1.08 1.09
0.06 0.64
1.96 2.78
10.30 9.26
8.74 8.10
10.57 9.44
9.22 8.14
9.64 8.34
9.61 7.74
1.02 1.09
-0.35 0.64
2.60 2.78
11.50 9.26
9.94 8.10
12.36 9.44
11.55 8.14
11.61 8.34
11.65 8.44
Asset held as on 31 ` 1669.22 crst March 2017:
RATING PROFILE
AUM (In Cr) as on 31st March 2017
Exposure to equities has slightly decreased to 19.38% from 19.56% G-Secs has to 45.65% from 46.58% and MMI has slightly decreased to 10.24% from 10.39% on a MOM basis. Over 90% 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.
decreased
Modified Duration: 5.89 yearsNAV as on 2017: 49.676531st March `
MMI, : Deposits, CBLO & Others 10.24%
Objective:
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.
Fund Snapshot Know the Fund Better
Group Secure FundFund Manager: 17 years
Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 17 years &
ULGF00212/06/01BSLGSECURE109
Benchmark: BSE 100, Crisil Composite Bond Index & Crisil Liquid Fund IndexFund
SECTORAL ALLOCATION
Portfolio as on Friday, March 31, 2017Date of Inception: 19-Jun-01
5
Secure BM
GOVERNMENT SECURITIES: 45.65%
9.2% Government Of India 2030 14.47%
8.6% Government Of India 2028 5.58%
8.83% Government Of India 2023 5.12%
9.23% Government Of India 2043 4.38%
8.33% Government Of India 2026 3.62%
8.17% Government Of India 2044 1.21%
7.16% Government Of India 2023 1.20%
8.32% Government Of India 2032 1.10%
8.28% Government Of India 2032 1.01%
8.13% Government Of India 2022 0.98%
Other Government Securities 6.97%
8.45% HDFC Ltd. 2026 1.86%
9% Godrej And Boyce Manufacturing Company Limited 2021 1.55%
8.15% Tata Steel Ltd. 2026 1.46%
8.9% Steel Authority Of India Ltd. 2019 1.17%
8.57% REC Ltd. 2024 0.98%
8.39% Power Finance Corpn. Ltd. 2025 0.94%
7.89% PGC Of India Ltd. 2027 0.92%
8.042% Bajaj Finance Ltd. 2021 0.90%
8.5% Indiabulls Housing Finance Ltd 2020 0.90%
9.25% PGC Of India Ltd. 2019 0.85%
Other Corporate Debt 13.21%
HDFC Bank Ltd. 1.45%
ITC Ltd. 1.25%
Reliance Industries Ltd. 1.15%
Infosys Ltd. 1.00%
ICICI Bank Ltd. 0.97%
State Bank Of India 0.82%
Kotak Mahindra Bank Ltd. 0.82%
Larsen & Toubro Ltd. 0.70%
Maruti Suzuki India Ltd. 0.68%
HDFC Ltd. 0.50%
Other Equity 10.04%
EQUITY: 19.38%CORPORATE DEBT: 24.73%
AAA
24.00%
63.18%
Sovereign
2.60%AA+
AA9.04%
1.16%
A1+
0.01%A+
323.47 (19%)
Equity
1345.75 (81%)
Debt
ASSET ALLOCATION
G-Secs24.73%
45.65%
NCD
Equities
19.38%
MMI, Deposits, CBLO & Others
10.24%
15.05%
2.03%
2.49%
6.21%
6.45%
7.50%
7.69%
8.05%
8.60%
13.20%
22.73
OTHERS
MANUFACTURING
METAL
AUTOMOBILE
FINANCIAL SERVICES
CAPITAL GOODS
PHARMACEUTICALS
FMCG
SOFTWARE / IT
OIL AND GAS
BANKING
ASSET ALLOCATION
Mar
-10
Sep
-10
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
Asset held as on 410.90 cr31st March 2017: `
RATING PROFILE
Over 99% 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.
Modified Duration: 6.33 yearsNAV as on 2017: 67.791631st March `
SECTORAL ALLOCATION
Objective:
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.
Fund Snapshot Know the Fund Better
Group Stable FundFund Manager: 17 years
Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 17 years &
ULGF00312/06/01BSLGSTABLE109
Benchmark: BSE 100, Crisil Composite Bond Index & Crisil Liquid Fund IndexFund
Portfolio as on Friday, March 31, 2017
6
Date of Inception: 31-Aug-01
MMI, Deposits, CBLO & Others: 12.76% ASSET ALLOCATION
Stable BM
GOVERNMENT SECURITIES: 42.11%
9.23% Government Of India 2043 8.41%
8.33% Government Of India 2026 7.26%
8.83% Government Of India 2023 5.28%
9.2% Government Of India 2030 4.22%
8.28% Government Of India 2032 3.33%
8.79% Government Of India 2021 2.95%
8.6% Government Of India 2028 2.67%
8.08% Government Of India 2022 1.60%
8.3% Government Of India 2040 1.32%
8.4% Government Of India 2024 1.31%
Other Government Securities 3.75%
8.65% REC Ltd. 2019 2.32%
8.9% LIC Housing Finance Ltd. 2020 1.26%
7.89% PGC Of India Ltd. 2027 1.24%
10.1% PGC Of India Ltd. 2017 1.22%
9.25% LIC Housing Finance Ltd. 2023 1.19%
9.25% Reliance Jio Infocomm Limited 2024 0.96%
9.33% NABARD 2017 0.61%
8.95% Bajaj Finance Ltd. 2020 0.50%
8.95% HDFC Bank Ltd. 2022 0.34%
9.57% IRFC Ltd. 2021 0.34%
Other Corporate Debt 0.94%
HDFC Bank Ltd. 2.58%
ITC Ltd. 2.23%
Reliance Industries Ltd. 2.04%
Infosys Ltd. 1.78%
ICICI Bank Ltd. 1.73%
State Bank Of India 1.46%
Kotak Mahindra Bank Ltd. 1.42%
Larsen & Toubro Ltd. 1.24%
Maruti Suzuki India Ltd. 1.18%
HDFC Ltd. 0.89%
Other Equity 17.67%
EQUITY: 34.20%CORPORATE DEBT: 10.93%
NCD
34.20%
12.76%
Equities
42.11%G-Secs
MMI, Deposits, CBLO & Others
10.93%
AAA19.47%
Sovereign79.40%
AA+AA1.04%
0.10%
AUM (In Cr) as on 31st March 2017
270.37 (66%)
Debt
140.53 (34%)
Equity
14.87%
2.05%
2.85%
6.14%
6.41%
7.43%
7.46%
8.11%
8.34%
13.54%
22.81%
OTHERS
MANUFACTURING
METAL
AUTOMOBILE
FINANCIAL SERVICES
PHARMACEUTICALS
CAPITAL GOODS
SOFTWARE / IT
FMCG
OIL AND GAS
BANKING
Mar
-10
Sep
-10
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
Asset held as on 2.13 cr31st March 2017: `
RATING PROFILE
Over 100% 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.
Modified Duration: 5.22 yearsNAV as on 2017: 18.493131st March `
SECTORAL ALLOCATION
Objective:
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.
Fund Snapshot Know the Fund Better
Group Stable Fund 2Fund Manager: 17 years
Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 17 years &
ULGF02228/11/11BSLGSTABL2109
Benchmark: BSE 100, Crisil Composite Bond Index & Crisil Liquid Fund IndexFund
Portfolio as on Friday, March 31, 2017
7
MMI, Deposits, CBLO & Others: 20.29% ASSET ALLOCATION
Stable 2 BM
GOVERNMENT SECURITIES: 40.30%
9.2% Government Of India 2030 10.86%
9.23% Government Of India 2043 8.39%
8.4% Government Of India 2024 7.60%
9.15% Government Of India 2024 6.81%
7.16% Government Of India 2023 6.64%
10.7% IRFC Ltd. 2023 5.50% Reliance Industries Ltd. 2.43%
ITC Ltd. 2.30%
HDFC Bank Ltd. 2.22%
Infosys Ltd. 1.79%
State Bank Of India 1.60%
ICICI Bank Ltd. 1.55%
Kotak Mahindra Bank Ltd. 1.43%
Maruti Suzuki India Ltd. 1.10%
Larsen & Toubro Ltd. 1.06%HDFC Ltd. 0.90%
Other Equity 7.54%
EQUITY: 33.91%CORPORATE DEBT: 5.50%
NCD5.50%
33.91%
Equities
40.30%G-Secs
MMI, Deposits, CBLO & Others
20.29%
Sovereign90.89%
AAA9.11%
AUM (In Cr) as on 31st March 2017
1.41 (66%)
Debt
0.72 (34%)
Equity
15.50%
2.38%
2.40%
5.85%
6.13%
6.44%
7.32%
8.28%
8.62%
14.15%
22.92%
OTHERS
AUTO ANCILLIARY
METAL
FINANCIAL SERVICES
PHARMACEUTICALS
AUTOMOBILE
CAPITAL GOODS
SOFTWARE / IT
FMCG
OIL AND GAS
BANKING
Ma
r-1
3
Se
p-1
3
Ma
r-1
4
Se
p-1
4
Ma
r-1
5
Se
p-1
5
Ma
r-1
6
Se
p-1
6
Ma
r-1
7
Asset held as on 520.77 cr31st March 2017: `
GOVERNMENT SECURITIES: 31.00%
8.83% Government Of India 2023 7.26%
8.33% Government Of India 2026 4.13%
8.6% Government Of India 2028 2.52%
9.53% State Government Of Gujrat 2024 2.11%
9.2% Government Of India 2030 2.00%
9.23% Government Of India 2043 1.83%
8.2% Government Of India 2022 1.72%
8.79% Government Of India 2021 1.67%
8.17% Government Of India 2044 1.45%
8.28% Government Of India 2032 1.24%
Other Government Securities 5.06%
HDFC Bank Ltd. 3.64%
ITC Ltd. 3.26%
Reliance Industries Ltd. 2.98%
Infosys Ltd. 2.54%
ICICI Bank Ltd. 2.42%
State Bank Of India 1.99%
Kotak Mahindra Bank Ltd. 1.90%
Larsen & Toubro Ltd. 1.78%
Maruti Suzuki India Ltd. 1.59%. HDFC Ltd. 1.30%
Other Equity 25.60%
RATING PROFILE
AUM (In Cr) as on 31st March 2017
Over 99% 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.
Modified Duration: 5.72 years
EQUITY: 49.00%
NAV as on 2017: 82.134431st March `
CORPORATE DEBT: 14.28%
ASSET ALLOCATIONMMI, Deposits, CBLO & Others: 5.72%
SECTORAL ALLOCATION
Fund Snapshot Know the Fund Better
Benchmark: BSE 100, Crisil Composite Bond Index & Crisil Liquid Fund IndexFund
Group Growth Fund
ULGF00112/06/01BSLGGROWTH109
Portfolio as on Friday, March 31, 2017Date of Inception: 31-Aug-01
Fund Manager: 17 years
Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 17 years &
Fund Snapshot
8
Growth BM
9.34% REC Ltd. 2024 1.95%
8.7% Power Finance Corpn. Ltd. 2020 1.67%
8.55% Power Finance Corpn. Ltd. 2021 1.60%
8.45% HDFC Ltd. 2026 1.59%
7.35% Bharat Petroleum Corpn. Ltd. 2022 1.49%
7.89% PGC Of India Ltd. 2027 0.98%
NABARD 2017 0.79%
9.02% REC Ltd. 2022 0.74%
9.23% LIC Housing Finance Ltd. 2022 0.61%
10.3% Tata Motors Ltd. 2018 0.40%
Other Corporate Debt 2.46%
G-Secs
31.00%
49.00%
Equities
NCD
5.72%
MMI, Deposits, CBLO & Others14.28%
AAA
30.66%
68.45%
Sovereign
AA+
0.88%
255.19 (49%)
Debt265.58 (51%)
Equity
14.39%
2.07%
2.89%
5.96%
6.48%
7.58%
7.66%
8.45%
8.87%
13.52%
22.12%
OTHERS
MANUFACTURING
METAL
AUTOMOBILE
FINANCIAL SERVICES
PHARMACEUTICALS
CAPITAL GOODS
FMCG
SOFTWARE / IT
OIL AND GAS
BANKING
Mar
-10
Sep
-10
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
Asset held as on 33.96 cr31st March 2017: `
GOVERNMENT SECURITIES: 16.03%
8.4% Government Of India 2024 7.95%
9.23% Government Of India 2043 3.51%
8.83% Government Of India 2023 3.23%
8.83% Government Of India 2041 1.35%
9.04% REC Ltd. 2019 4.60%
9.15% Larsen & Toubro Ltd. 2019 4.55%
9.64% PGC Of India Ltd. 2018 4.54%
9.33% NABARD 2017 4.44%
8.4% NPC Of India Ltd. 2027 3.15%
7.89% PGC Of India Ltd. 2027 3.01% Tata Sons Ltd. 2024 0.95%
HDFC Bank Ltd. 3.87%
ITC Ltd. 3.40%
Reliance Industries Ltd. 2.93%
Infosys Ltd. 2.57%
ICICI Bank Ltd. 2.50%
State Bank Of India 2.11%
Kotak Mahindra Bank Ltd. 2.00%
Larsen & Toubro Ltd. 1.78%
Maruti Suzuki India Ltd. 1.70%
HDFC Ltd. 1.28%
Other Equity 24.93%
RATING PROFILE
AUM (In Cr) as on 31st March 2017
Over 100% 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.
Modified Duration: 4.18 years
EQUITY: 49.07%
NAV as on 2017: 19.794431st March `
CORPORATE DEBT: 25.24%
ASSET ALLOCATIONMMI, Deposits, CBLO & Others: 9.66%
SECTORAL ALLOCATION
Fund Snapshot Know the Fund Better
Group Growth Fund 2
ULGF01828/11/11BSLGROWTH2109
Benchmark: BSE 100, Crisil Composite Bond Index & Crisil Liquid Fund IndexFund
Portfolio as on Friday, March 31, 2017
9
Fund Manager: 17 years
Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 17 years &
Growth 2 BMG-Secs
25.24%49.07%
Equities
16.03%
MMI, Deposits, CBLO & Others
NCD
9.66%
Sovereign
41.31%
58.69%
AAA
17.30 (51%)
Debt
16.66 (49%)
Equity
13.42%
1.73%
2.87%
6.16%
6.41%
7.32%
7.64%
8.84%
8.87%
13.60%
23.14%
OTHERS
AUTO ANCILLIARY
METAL
AUTOMOBILE
FINANCIAL SERVICES
PHARMACEUTICALS
CAPITAL GOODS
FMCG
SOFTWARE / IT
OIL AND GAS
BANKING
Ma
r-1
3
Se
p-1
3
Ma
r-1
4
Se
p-1
4
Ma
r-1
5
Se
p-1
5
Ma
r-1
6
Se
p-1
6
Ma
r-1
7
Asset held as on 58.20 cr31st March 2017: `
GOVERNMENT SECURITIES: 25.01%
9.2% Government Of India 2030 11.93%
8.33% Government Of India 2026 4.62%
8.83% Government Of India 2023 2.83%
8.6% Government Of India 2028 1.88%
8.83% Government Of India 2041 1.57%
7.8% Government Of India 2021 1.16%
9.23% Government Of India 2043 1.02%
HDFC Bank Ltd. 4.38%
ITC Ltd. 4.00%
Reliance Industries Ltd. 3.51%
Infosys Ltd. 3.08%
ICICI Bank Ltd. 2.99%
State Bank Of India 2.52%
Kotak Mahindra Bank Ltd. 2.37%
Larsen & Toubro Ltd. 2.13%
Maruti Suzuki India Ltd. 1.84%HDFC Ltd. 1.53%
Other Equity 30.42%
RATING PROFILE
AUM (In Cr) as on 31st March 2017
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.
Modified Duration: 6.72 years
EQUITY: 58.77%
NAV as on 2017: 29.494831st March `
CORPORATE DEBT: 10.26%
ASSET ALLOCATION
SECTORAL ALLOCATION
Objective:
Strategy:
The Objective of the fund is to provide blend of fixed return by investing in debt &
money market instruments and capitalappreciation 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 thepolicyholders. 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 non-
equity portion of the fund will be invested in highrated debt and money market instruments and fixed
deposits.
Fund SnapshotKnow the Fund Better
Group Growth Advantage Fund
ULGF01026/11/07BSLIGGRADV109
Benchmark: BSE 100, Crisil Composite Bond Index & Crisil Liquid Fund IndexFund
Portfolio as on Friday, March 31, 2017
10
Date of Inception: 18-Feb-08
Fund Manager: 17 years
Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 17 years &
MMI, Deposits, CBLO & Others: 5.96%
Growth Advantage BM
7.89% PGC Of India Ltd. 2027 7.03%
8.57% REC Ltd. 2024 1.81%
9.05% Petronet LNG Ltd. 2019 1.24%
11.95% HDFC Ltd. 2018 0.18%
58.77%
Equities
G-Secs
25.01% 5.96%
NCD
MMI, Deposits, CBLO & Others
10.26%
Sovereign
71.87%
AAA24.73%
3.40%AA+
34.20 (59%)
Equity
24.00 (41%)
Debt
14.64%
2.51%
3.21%
5.80%
6.10%
7.17%
7.36%
8.62%
8.80%
13.13%
22.66%
OTHERS
METAL
AUTO ANCILLIARY
AUTOMOBILE
FINANCIAL SERVICES
CAPITAL GOODS
PHARMACEUTICALS
SOFTWARE / IT
FMCG
OIL AND GAS
BANKING
Ma
r-1
0
Se
p-1
0
Ma
r-1
1
Se
p-1
1
Ma
r-1
2
Se
p-1
2
Ma
r-1
3
Se
p-1
3
Ma
r-1
4
Se
p-1
4
Ma
r-1
5
Se
p-1
5
Ma
r-1
6
Se
p-1
6
Ma
r-1
7
Asset held as on 94.22 cr31st March 2017: `
98% of the fund is invested in highest rated instruments.The fund continues to maintain very low maturity profile.
NAV as on 2017: 28.696831st March `
Fund Snapshot Know the Fund Better
Group Money Market FundFund Manager: Parin Vora | Total Experience: 17 years
ULGF00824/08/04BSLIGRMMKT109
Benchmark: Crisil Liquid Fund Index
Portfolio as on Friday, March 31, 2017
11
ASSET ALLOCATION
Date of Inception: 30-Mar-05
MMI, Deposits, CBLO & Others: 69.29%
RATING PROFILE
AUM (In Cr) as on 31st March 2017
A1+53.15%
MM BM
94.22 (100%)
Debt
CORPORATE DEBT: 16.27%
NABARD 2018 5.05%
9.5% HDFC Ltd. 2017 3.75%
9.57% LIC Housing Finance Ltd. 2017 3.21%
9.5% HDFC Ltd. 2017 2.13%
8.99% Tata Capital Financial Services Ltd. 2017 2.13%
Government Of India 2017 10.30%
Government Of India 2017 4.14%
Modified Duration: 0.04 years
GOVERNMENT SECURITIES: 14.44%
MMI, Deposits, CBLO & Others
69.29%
14.44%16.27%NCD G-Secs
AAA AA+28.54% 15.92% 2.39%
Sovereign
Mar
-10
Sep-
10
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
Asset held as on 0.28 cr31st March 2017: `
100% of the fund is invested in highest rated instruments.The fund continues to maintain very low maturity profile.
NAV as on 2017: 15.546331st March `
Fund Snapshot Know the Fund Better
Group Money Market Fund 2Fund Manager: Parin Vora | Total Experience: 17 years
ULGF01928/11/11BSLGRMMKT2109
Benchmark: Liquid Fund IndexCrisil
Portfolio as on Friday, March 31, 2017
12
ASSET ALLOCATION
RATING PROFILE
7.61%
A1+
Sovereign92.39%
MMI, Deposits, CBLO & Others: 14.40%
Money Market 2 BM
14.40%
85.60%
MMI, Deposits, CBLO & Others
G-Secs
AUM (In Cr) as on 31st March 2017
0.28 (100%)Debt
GOVERNMENT SECURITIES: 85.60%
Government Of India 2017 51.28%
Government Of India 2017 34.32%
Ma
r-1
3
Se
p-1
3
Ma
r-1
4
Se
p-1
4
Ma
r-1
5
Se
p-1
5
Ma
r-1
6
Se
p-1
6
Ma
r-1
7
Exposure to corporate debt has to 67.79%
from 75.03% and MMI has increased to 32.21% from
24.97% on a MOM basis. Over 90% of the fund is
invested in highest rated instruments.
decreased
CORPORATE DEBT: 67.79%
NAV as on 2017: 20.057031st March `
MMI, Deposits, CBLO & Others 32.21%:
Benchmark: Short Term Bond Fund IndexCrisil
Objective:
Strategy:
This BSLI 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.
Fund Snapshot Know the Fund Better
ULGF01322/09/08BSLGSHTDBT109
Asset held as on 24.73 cr31st March 2017: ` Modified Duration: 2.06 years
Portfolio as on Friday, March 31, 2017
13
ASSET ALLOCATION
Date of Inception: 10-Dec-08
Fund Manager: Parin Vora | Total Experience: 17 years
MMI, Deposits, CBLO & Others
32.21%
NCD
67.79%
RATING PROFILE
AAA
69.73%
A+AA
9.31%0.97%
BMShort Term Debt
9.7% Power Finance Corpn. Ltd. 2021 8.72%
10.5% AU Financiers (India) Limited 2019 7.89%
9.15% Larsen & Toubro Ltd. 2019 7.50%
9.04% REC Ltd. 2019 6.31%
9.1% HDFC Bank Ltd. 2022 6.15%
9.9% HDFC Ltd. 2021 5.21%
8.68% LIC Housing Finance Ltd. 2020 4.99%
8.84% PGC Of India Ltd. 2019 4.20%
8.9% Indiabulls Housing Finance Ltd 2021 4.06%
6.99% Ultratech Cement Ltd. 2021 3.96%
Other Corporate Debt 8.80%
AUM (In Cr) as on 31st March 2017
24.73 (100%)Debt
Sovereign19.99%
Mar
-10
Sep-
10
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
Exposure to corporate debt has increase to 62.64% from 33.55% and MMI has decreased to 37.36% from 66.45% on a MOM basis. Over 86% of the fund is invested in highest rated instruments.
NAV as on 2017: 16.679631st March `
MMI, Deposits, CBLO & Others 37.36%:
Benchmark: Short Term Bond Fund IndexCrisil
Objective:
Strategy:
This BSLI 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.
Fund Snapshot Know the Fund Better
Group Short Term Debt Fund 2
ULGF02128/11/11BSLGSHTDB2109
Asset held as on 25.42 cr31st March 2017: ` Modified Duration: 1.67 years
Portfolio as on Friday, March 31, 2017
14
ASSET ALLOCATION
Fund Manager: Parin Vora | Total Experience: 17 years
37.36%
MMI, Deposits, CBLO & Others
62.64%
CORPORATE DEBT: 62.64%
RATING PROFILE
AAA
18.94%14.40%A1+
AA
59.42%
Sovereign
7.23%
BMShort Term Debt 2
NCD
7.35% Bharat Petroleum Corpn. Ltd. 2022 9.10%
7.9% Nirma Ltd. 2020 9.08%
8.12% ONGC Mangalore Petrochemicals Limited 2019 7.99%
8.58% HDFC Ltd. 2018 7.96%
8.7% PFC Ltd. 2020 7.75%
9.25% PGC Of India Ltd. 2017 7.01%
9.33% NABARD 2017 3.95%
8.4% NPC Of India Ltd. 2027 3.37%
8.5% Repco Home Finance Ltd 2019 3.14%
9.45% State Bank Of India 2026 1.68%
Other Corporate Debt 1.60%
AUM (In Cr) as on 31st March 2017
25.42 (100%)Debt
Ma
r-1
3
Se
p-1
3
Ma
r-1
4
Se
p-1
4
Ma
r-1
5
Se
p-1
5
Ma
r-1
6
Se
p-1
6
Ma
r-1
7
MMI, Deposits, CBLO & Others 37.36%:
Asset held as on 46.96 cr31st March 2017: `
100% of the fund remains invested in highest rated instruments.
Modified Duration: 6.14 yearsNAV as on 2017: 19.058631st March `
CORPORATE DEBT: 38.02%
Benchmark: Crisil Composite Bond index & Crisil Liquid Fund IndexFund
Fund Snapshot Know the Fund Better
Group Income Advantage Fund
ULGF01425/02/10BSLGINCADV109
Portfolio as on Friday, March 31, 2017
ASSET ALLOCATIONRATING PROFILE
GOVERNMENT SECURITIES: 51.96%
9.23% Government Of India 2043 15.48%
8.83% Government Of India 2023 11.67%
8.13% Government Of India 2045 5.29%
8.2% Government Of India 2022 4.79%
7.5% Government Of India 2034 4.50%
8.08% Government Of India 2022 2.36%
8.4% Government Of India 2024 2.30%
8.15% Government Of India 2022 2.29%
8.3% Government Of India 2023 1.29%
7.8% Government Of India 2021 1.22%
Other Government Securities 0.78%
9.9% HDFC Ltd. 2021 5.72%
8.08% Tata Sons Ltd. 2026 5.25%
9.37% Power Finance Corpn. Ltd. 2024 4.66%
9.15% Export Import Bank Of India 2022 4.58%
8.65% India Infradebt Ltd 2026 4.35%
9.34% REC Ltd. 2024 3.49%
9.25% Reliance Jio Infocomm Limited 2024 3.40%
9.02% REC Ltd. 2022 2.96%
8.57% REC Ltd. 2024 2.24%
8.4% NPC Of India Ltd. 2027 1.14%
Other Corporate Debt 0.23%
MMI, Deposits, CBLO & Others 10.02%:
15
Date of Inception: 23-Mar-10
Fund Manager: Parin Vora | Total Experience: 17 years
NCD
38.02% 10.02%
MMI, Deposits, CBLO & Others
51.96%G-Secs
59.93%
Sovereign
AAA
40.07%
Gr. Inc Adv BM
AUM (In Cr) as on 31st March 2017
46.96 (100%)Debt
Ma
r-1
2
Se
p-1
2
Ma
r-1
3
Se
p-1
3
Ma
r-1
4
Se
p-1
4
Ma
r-1
5
Se
p-1
5
Ma
r-1
6
Se
p-1
6
Ma
r-1
7
Asset held as on 22.48 cr31st March 2017: `
Exposure to G-Secs has increased to 97.01% from 74.40% and MMI has decreased to 2.99% from 25.60% on a MOM basis.
Modified Duration: 9.85 yearsNAV as on 2017: 25.147231st March `
Fund Snapshot Know the Fund Better
Group Gilt Fund
ULGF00630/05/03BSLIGRGILT109
MMI, Deposits, CBLO & Others 2.99%:
Maturity Profile
ASSET ALLOCATION
Portfolio as on Friday, March 31, 2017
RATING PROFILE
16
Sovereign100.00%
Date of Inception: 28-Apr-04
Fund Manager: Parin Vora | Total Experience: 17 years
GOVERNMENT SECURITIES: 97.01%
8.83% Government Of India 2041 31.77%
9.23% Government Of India 2043 29.17%
8.17% Government Of India 2044 14.38%
9.15% Government Of India 2024 3.97%
9.2% Government Of India 2030 3.60%
8.83% Government Of India 2023 3.42%
8.3% Government Of India 2042 2.94%
8.28% Government Of India 2027 2.39%
8.15% Government Of India 2022 2.35%
8.2% Government Of India 2023 1.53%
Other Government Securities 1.50%
AUM (In Cr) as on 31st March 2017
22.48 (100%)Debt
MMI, Deposits, CBLO & Others
2.99%
97.01%G-Secs
Asset held as on 278.66 cr31st March 2017: `
Exposure to corporate debt has decreased to 80.60% from 90.52% and MMI has increased to 19.40% from 9.48% on a MOM basis. Over 83% of the fund remains invested in highest rated instruments.
Modified Duration: 4.03 yearsNAV as on ` 31st March 2017: 29.0600
Objective:
Strategy:
The investment fund option aims to achieve capital preservation along
with 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.
Fund Snapshot Know the Fund Better
Group Bond Fund
ULGF00530/05/03BSLIGRBOND109
CORPORATE DEBT: 80.60%
9.25% Reliance Jio Infocomm Limited 2024 4.58%
9.74% Tata Sons Ltd. 2024 4.39%
9.05% Petronet LNG Ltd. 2019 4.26%
9.5% HDFC Ltd. 2024 3.91%
8.54% NPC Of India Ltd. 2023 3.79%
Tata Sons Ltd. 2029 3.63%
7.63% PFC Ltd. 2026 3.23%
8.57% REC Ltd. 2024 2.84%
9.15% ICICI Bank Ltd. 2022 2.69%
8.46% HDFC Ltd. 2026 2.61%
Other Corporate Debt 44.67%
Benchmark: AAA Medium Term Bond Index, AA Medium Term Bond Index & Liquid Fund IndexCrisil Crisil Crisil
Portfolio as on Friday, March 31, 2017
17
ASSET ALLOCATIONRATING PROFILE
Date of Inception: 28-Jan-07
Fund Manager: Parin Vora | Total Experience: 17 years
7.45%AA
9.10%
AA+
AAA
75.11%
A+
0.42%
Gr. Bond BM
MMI, Deposits, CBLO & Others
19.40%
80.60%NCD
AUM (In Cr) as on 31st March 2017
278.66 (100%)
Debt
Sovereign 7.92%
Mar
-10
Sep
-10
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
MMI, Deposits, CBLO & Others 19.40%:
Asset held as on 1106.05 cr31st March 2017: ` Modified Duration: 6.15 yearsNAV as on ` 31st March 2017: 34.2930
Objective:
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-
termduration of the portfolio to achieve capital conservation.
Fund Snapshot Know the Fund Better
Group Fixed Interest Fund
ULGF00416/07/02BSLGFIXINT109
GOVERNMENT SECURITIES: 45.67%
8.13% Government Of India 2045 6.10%
8.6% Government Of India 2028 5.94%
7.61% Government Of India 2030 5.62%
8.17% Government Of India 2044 5.45%
8.4% Government Of India 2024 4.52%
8.33% Government Of India 2026 3.62%
9.2% Government Of India 2030 3.40%
8.83% Government Of India 2041 2.40%
6.57% Government Of India 2033 2.13%
8.67% State Government Of Maharashtra 2026 1.93%
Other Government Securities 4.54%
8.75% HDFC Ltd. 2021 4.58%
9.25% Reliance Jio Infocomm Limited 2024 2.77%
8.3% REC Ltd. 2025 2.35%
9.24% LIC Housing Finance Ltd. 2024 2.24%
9.55% Hindalco Industries Ltd. 2022 2.19%
8.9% Indiabulls Housing Finance Ltd 2021 1.72%
9.2% Cholamandalam Investment And Finance Co. Ltd. 2019 1.50%
8.92% Tata Capital Financial Services Limited 2026 1.36%
7.6% ICICI Bank td. 2023 1.35%
8.65% PFC Ltd. 2024 1.34%
Other Corporate Debt 24.82%
CORPORATE DEBT: 46.22% ASSET ALLOCATION
Benchmark: Crisil Composite Bond Fund index & Crisil Liquid Fund Index
MMI, Deposits, CBLO & Others 8.11%:
Portfolio as on Friday, March 31, 2017
18
RATING PROFILE
Date of Inception: 18-Nov-02
Fund Manager: Parin Vora | Total Experience: 17 years
46.22%
G-Secs
MMI, Deposits, CBLO & Others
8.11%
NCD
45.67%
Exposure to corporate debt has increased to 46.22% from 44.69% G-Secs has slightly increased to 45.67% from 45.31% and MMI has decreased to 8.11% from 10.00% on a MOM basis. Over 87% of the fund remains invested in highest rated instruments.
AA-3.57%6.26%
AAAAA
37.26%
49.70%
Sovereign
1.99%AA+
1.21%A+
AUM (In Cr) as on 31st March 2017
1106.05 (100%)
Debt
Ma
r-1
0
Se
p-1
0
Ma
r-1
1
Se
p-1
1
Ma
r-1
2
Se
p-1
2
Ma
r-1
3
Se
p-1
3
Ma
r-1
4
Se
p-1
4
Ma
r-1
5
Se
p-1
5
Ma
r-1
6
Se
p-1
6
Ma
r-1
7
FIF BM
Asset held as on 3.72 cr31st March 2017: ` Modified Duration: 5.77 yearsNAV as on ` 31st March 2017: 18.0207
Objective:
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.
Fund Snapshot Know the Fund Better
Group Fixed Interest Fund 2
ULGF01728/11/11BSLGFXINT2109
GOVERNMENT SECURITIES: 93.20%
8.2% Government Of India 2025 91.52%
7.88% Government Of India 2030 1.69%
8.99% Tata Capital Financial Services Limited 2017 2.70%
CORPORATE DEBT: 2.70%
ASSET ALLOCATION
Benchmark: Crisil Composite Bond index & Crisil Liquid Fund IndexFund
MMI, Deposits, CBLO & Others 4.10%:
Portfolio as on Friday, March 31, 2017
19
RATING PROFILE
Fund Manager: Parin Vora | Total Experience: 17 years
Exposure to corporate debt has slightly decreased to 2.70% from 2.73% G-Secs has slightly decreased to 93.20% from 93.72% and MMI has increased to 4.10% from 3.56% on a MOM basis. Over 97% of the fund remains invested in highest rated instruments.
AA+
2.71%
97.29%
Sovereign
93.20%G-Secs
MMI, Deposits, CBLO & Others
4.10%NCD
2.70%
FIF 2 BM
AUM (In Cr) as on 31st March 2017
3.72 (100%)Debt
Ma
r-1
3
Se
p-1
3
Ma
r-1
4
Se
p-1
4
Ma
r-1
5
Se
p-1
5
Ma
r-1
6
Se
p-1
6
Ma
r-1
7