InvveeSTAR - SUD Life Attachment/InveSTAR_Fact_Sheet...other two IT companies (TCS & HCL Tech)...

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Global Economic Scenario: During the quarter ended March’ 2011, US GDP growth slowed down to 1.8% on annualized basis (about 0.45% on quarterly basis) as compared to 3.1% in the previous quarter. The growth has been hampered by high energy prices which weakened consumer spending. UK economy grew by 0.5% for the quarter ended March’ 2011, following contraction of 0.5% in the previous quarter. Bailout package for Portugal is being considered by IMF which is estimated at about 80bn Euros (US $115bn). Meanwhile, there are reports that Greece, which received a bail-out last year, would have to restructure its debt. Japan’s Industrial output fell by 15.3% in March’2011, which is the biggest ever decline in production in the country. Despite monetary tightening measures, Chinese Growth for the Quarter ended March’ 2011 was higher than expected at 9.7%. Geo-political tensions in Middle East and North Africa (MENA) led to sharp rise in crude oil price. Indian Economy: In the last 4 quarters, growth rate of Index of Industrial Production (IIP) has dropped to low single digits. The fall is predominantly due to de-growth in Capital Goods segment, even though growth of Consumer Goods segment is continuing to be healthy. De-growth in Capital Goods implies slow down in capacity additions, impact of which is also visible on the order book positions and the stock prices of the companies in this segment. Slow down in capital formation (while the consumption demand is intact) is a cause of concern especially in an inflationary environment and also for the economic growth of the country as a whole.

Growth in Index of Industrial Production(YoY)

Basic Goods

Capital Goods

Intermediate Goods

Consumer Goods

Aggregate

Feb-11 5.9% -18.4% 8.4% 11.1% 3.6% Jan-11 7.6% -18.8% 8.3% 11.9% 3.9% Dec-10 6.0% - 9.3% 6.6% 3.7% 2.5% April’10-Feb-11 6.5% 8.7% 9.1% 7.5% 8.3%

Inflation (Based on WPI) For Month-ended Y o Y % Increase March’ 2011 8.98 February’ 2011 8.31 WPI inflation continues to be well above RBI’s comfort level and to curb Inflationary expectations; RBI is expected to resort to rate hike in the ensuing monetary policy review. High crude price is seen to be detrimental for the Government finances as well as for economic growth of the country. Spread of monsoon is a key factor for the expansion of economy of the country. Based on the first forecast of IMD, Monsoon is expected to normal and on time.

FII Flows (Rs. Crore)

March’11 April’11 Total in 2011

Up to 30.04.11

Equity 6,898 7,213 4,713

Debt -15 -17 11,460

Total 6,883 7,196 16,173

Mutual Funds Flow (Rs. Crore)

March’11 Aplil’11 Total in 2011

Up to 30.04.11

Equity 387 -464 1,808

Debt 34,508 62,960 150,794

Total 34,895 62,496 152,601 US$ Vs.INR: On the back of increased FII flows, Rupee strengthened to close at about 44.20 against US$ as at April end, as against corresponding Rs 44.59 and Rs.45.27 as at the end of March and February respectively. High global liquidity and weakness of US Dollar against Euro has given rise to sharp rally in the US$ denominated commodities. During the month, global Silver price increased by about 30%, while Gold, Aluminum and Crude Oil gained about 7% each.

MONTHLY REPORT –APRIL’2011 UPDATE OF ECONOMY AND FINANCIAL MARKETS

Debt Markets: During the month, liquidity conditions somewhat eased as compared to the previous month and the Call Money rates during the month by and large remained close to the Repo rate (6.75%) With expectation of increase in the policy rates, Bond Yields increased almost in a parallel shift across the yield curve. As at April end, 10 Year benchmark yield increased to 8.22% from 8.04% as at March end.

Going forward, Bond yields are expected to remain range bound with upward bias. However, the level of inflation and how the same is addressed would decide the interest rate levels and direction. Stock Market:

Aided by FII inflows, the market continued up move till the middle of month when the market witnessed correction after the IT major ‘Infosys Technologies’ announced below expectation results and muted earnings guidance. Above expectation results of the other two IT companies (TCS & HCL Tech) helped reversal of sentiment and the market regained the lost ground. Amid concerns about margin compression, the market went in to corrective mode towards the end of the month. During the month, Nifty and Sensex lost about 1.5% from the close of the previous month. Amongst major sectoral indices FMCG, Healthcare, Auto, Durables and Metals sectors gained over the levels of previous month (between 1.6% and 5.9%) and outperformed Nifty. Capital Goods, Bankex, Power, Oil & Gas, IT and Reality indices lost over the levels of previous month (between 1.5% and 6.7%) and underperformed Nifty.

Corporate results declared so far are mixed bag with earnings growth being relatively lower as compared to the previous year and signs of pressure on operating margins. Increasing trend of commodity prices and interest rates are perceived to be detrimental for maintenance of operating margins and earnings growth. Going forward, these factors may influence trends in the market and also market movements will depend on the progress of monsoons, which based on the early estimates of IMD are expected to be normal.

Equity Indices Sensex Nifty Close as on 31.03.11 19,445 5,834 Close as on 29.04.11 19,136 5,750 Change during Period -1.6% -1.4%

Performance Summary as on April 29, 2011

i

NAV Returns

InveSTAR

6 Months 1 Year 2 Year Since

Inception

Equity Fund 25/02/2009 94.62 20.34 ‐5.69% 8.18% 28.18% 38.65%

Growth Fund 25/02/2009 71.50 18.32 ‐3.57% 7.26% 23.61% 32.13%

Balanced Fund 18/02/2009 53.51 13.91 ‐1.45% 4.01% 12.90% 16.24%

Bond Fund 25/02/2009 21.19 11.16 1.85% 3.59% 3.66% 5.17%

Individual Pension Fund ‐ Equity 31/03/2009 70.28 17.11 ‐5.29% 8.28% 28.84% 29.47%

Scheme Name Inception date AUM (Rs. Cr) NAV (Rs.)

Absolute CAGR

Individual

Life @

Individual Pension Fund ‐ Growth 31/03/2009 74.36 15.38 ‐3.90% 5.75% 22.41% 22.98%

Individual Pension Fund ‐ Balanced 31/03/2009 46.42 13.23 ‐0.56% 4.68% 13.89% 14.43%

Individual Pension Fund ‐ Bond 31/03/2009 11.40 11.12 1.69% 3.64% 3.67% 5.24%

Apex Equity Fund 20/01/2010 204.08 11.12 ‐5.01% 10.43% N.A 8.71%

Apex Growth Fund 20/01/2010 178.71 11.03 ‐2.69% 9.50% N.A 8.00%

Apex Balanced Fund 20/01/2010 103.92 10.97 ‐1.55% 7.83% N.A 7.59%

Apex Bond Fund 20/01/2010 18.83 10.66 2.36% 4.35% N.A 5.17%

Individual

Apex $

Pension Life

@@

Individual Pension Fund ‐ Apex Equity 20/01/2010 94.79 10.92 ‐5.94% 8.76% N.A 7.20%

Individual Pension Fund ‐ Apex Growth 20/01/2010 101.11 10.71 ‐4.68% 6.45% N.A 5.54%

Individual Pension Fund ‐ Apex Balanced 20/01/2010 45.54 10.67 ‐2.75% 5.73% N.A 5.23%

Individual Pension Fund ‐ Apex Bond 20/01/2010 14.50 10.64 2.11% 4.06% N.A 5.02%

Pension

Apex $$

@ For Dhan Suraksha, Dhan Suraksha Premium, Prabhat Tara Products

@@ For Dhruv Tara Products

$ For New Dhan Suraksha, New Dhan Suraksha Premium, New Prabhat Tara,

Dhan Suraksha 3, Dhan Suraksha Premium 3 Products.

$$ For New Dhruv Tara Products

Investment Objective:

Date of Inception :

February 25, 2009

Portfolio % to AUM

`

Equity 93.46% Minimum Maximum

Reliance Industries Ltd 6.15% 80% 100% 93.46%

ITC Ltd. 5.76% 0% 20% 6.54%

State Bank of India 5.71%

Larsen & Toubro Limited 5.58%

Infosys Technologies Ltd. 4.75%

Tata Consultancy Services Limited 4.25%

Housing Development Finance Corporation Ltd. 3.77%

Mahindra & Mahindra Ltd. 3.20%

Bharat Heavy Electricals Ltd 3.14%

Dr. Reddys Laboratories Ltd. 2.92%

Tata Motors Limited 2.85%

ICICI Bank Ltd 2.55%

Sterlite Industries ( India ) Limited 2.42%

GAIL (India) Limited 2.24%

Grasim Industries Ltd. 2.18%

Crompton Greaves Ltd 2.16%

Hindalco Industries Ltd. 2.13%

Tata Steel Limited 1.97%

Bajaj Auto Limited 1.96%

Cipla Ltd. 1.90%

Hindustan Unilever Limited 1.87%

To tap growth opportunities for long term capital appreciation through investments primarily

in equity and equity‐related instruments.

Investment PatternActual

Asset Mix

Particulars

Equity

MM & Others

EQUITY FUND - APRIL, 2011

Equity93.46%

MM & Others6.54%

Asset Allocation (% to AUM)

Oil & Natural Gas Corpn Ltd 1.82%

Sun Pharmaceuticals Industries Ltd 1.61%

NTPC Limited 1.59%

Aditya Birla Nuvo Limited 1.44%

Axis Bank Limited 1.29%

Ranbaxy Laboratories Ltd 1.28%

The Indian Hotels Company Limited 1.27%

HCL Technologies Ltd 1.24%

Colgate Palmolive (India) Ltd 1.24%

HDFC Bank Ltd 1.23%

Godrej Consumer Products Limited 1.11%

Power Grid Corporation of India Limited 1.05%

Infrastructure Development Finance Company Limited 1.00%Others (with < 1% exposure) 6.82%

MM & Others 6.54%

Total 100.00%

`

12.49%

10.24%

9.13%

6.22%

6.15%

5.76%

3.77%

3.44%

3 27%

Banking Services

Computer software

Drugs & pharmaceuticals

Industrial Construction

Refinery

Tobacco products

Housing Finance Services

Prime movers

Commercial vehicles

Top 10 Industry Exposure (% to AUM)

9

11

13

15

17

19

21

23

Feb‐09

Mar‐09

Apr‐09

May‐09

Jun‐09

Jul‐09

Aug‐09

Sep‐09

Oct‐09

Nov‐09

Dec‐09

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

NAV/U

nit (Rs)

NAV Performance (Since Inception)

Equity Fund

3.27%

3.20%

Commercial vehicles

Passenger cars & multi utility vehicles


Date of Inception :

February 25, 2009

Portfolio % to AUM

`



ITC Ltd. 4.47% 0% 60% 31.01%
















HDFC Bank Ltd 1.44%

Kotak Mahindra Bank Limited 1.44%





Ashok Le land Ltd 1 25%

To aim for medium to long term capital appreciation by maintaining a diversified portfolio of

equity and equity related instruments and fair exposure to high credit quality portfolio of debt and

money market instruments.


Asset Mix

Particulars

Equity

Debt, MM & Others

GROWTH FUND - APRIL, 2011

Debt26.45%

Equity68.99%

MM & Others4.56%


Gilt6.86%

AA0.29%

AA+4.91%

Debt Rating Profile (% of Debt)

Ashok Leyland Ltd 1.25%


Glenmark Pharmaceuticals Ltd. 1.19%NTPC Limited 1.18%



Coal India Limited 1.01%

Others (with < 1% exposure) 8.09%

Debt 26.45%

Gilts & SDL 1.81%GOI 1.81%

Corporate Bonds 24.63%

Power Finance Corporation Limited 3.69%


Indian Oil Corporation Ltd 1.70%

Reliance Capital Limited 1.70%

The Great Eastern Shipping Co. Limited 1.63%

Steel Authority of India Ltd. 1.45%

National Housing Bank 1.36%

Reliance Gas Transportation Infrastucture Limited 1.26%

Reliance Industries Ltd 1.18%



MM & Others 4.56%

Total 100.00%

`

9.26%

8.75%

7.56%

6.64%

6.29%

5.44%

5.21%

Banking Services

Computer software

Refinery

Infrastructure finance …




Top 10 Industry Exposure ( % to AUM)

< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years

0.21%

28.71%

36.04%

33.57%

1.47%

Debt Maturity Profile ( % of Debt)

13

15

17

19

21

NAV/U

nit ( Rs)


Growth Fund

AAA87.95%

5.21%

4.47%

3.51%

3.11%

Tobacco products

Cement

LNG storage & distribution

9

11

Feb‐09

Mar‐09

Apr‐09

May‐09

Jun‐09

Jul‐09

Aug‐09

Sep‐09

Oct‐09

Nov‐09

Dec‐09

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11


Date of Inception :

February 18, 2009

Portfolio % to AUM

`



Infosys Technologies Ltd. 2.61% 40% 100% 68.90%

ITC Ltd. 2.28%









NTPC Limited 1.04%



Debt 62.89%

Gilts & SDL 6.56%

GOI 5.45%SDL (with < 1% exposure) 1.11%

Corporate Bonds 56.33%Housing Development Finance Corporation Ltd. 5.75%

BALANCED FUND - APRIL, 2011

To aim for stable returns over medium to long term through investments in high quality fixed income

and money market instruments and enhance returns through a fair exposure to equity investments.


Asset Mix

Particulars

Equity

Debt, MM & Others

Debt62.89%

Equity31.10%

MM & Others6.00%


Gilt10.43%AA

0 13%

AA+11.63%


Power Finance Corporation Limited 5.70%Reliance Capital Limited 4.16%Steel Authority of India Ltd. 3.61%




Dr. Reddy's Laboratories Ltd. 2.80%


ACC Limited 2.24%

LIC Housing Finance Ltd 2.21%

Tata Communications Limited 2.12%


Indian Railway Financial Corporation Ltd. 1.91%


Tech Mahindra Limited 1.85%

TATA Sons 1.81%


IDFC 1.20%


MM & Others 6.00%

Total 100.00%

`

12.32%

9.67%

7.35%

5.92%

5.52%

5.18%

4.93%

4.16%

Infrastructure finance services


Refinery

Computer software



Steel

Other Financial Services

Top 10 Industry Exposure ( % to AUM) < 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years

1.33%

34.80% 33.36%

28.67%

1.84%

Debt Maturity Profile (% of Debt)

10

11

12

13

14

15

NAV/U

nit ( Rs )


Balanced Fund

AAA77.81%

0.13%

3.43%

3.36%

Banking Services

Cement

9

Feb‐09

Mar‐09

Apr‐09

May‐09

Jun‐09

Jul‐09

Aug‐09

Sep‐09

Oct‐09

Nov‐09

Dec‐09

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11


Date of Inception :

February 25, 2009

Portfolio % to AUM

`

Minimum Maximum

Debt 92.05% 80% 100% 92.05%

Gilts & SDL 23.73% 0% 20% 7.95%

GOI 21.68%

SDL ‐ Gujarat 1.39%

SDL ‐ Other States (with < 1% exposure) 0.67%





ACC Limited 4.81%





L & T b Li it d 3 30%

BOND FUND - APRIL, 2011

To aim for stable returns over medium to long term by judicious mix of investments in

Government securities and high quality corporate debt of varying maturities and also in



Asset Mix

Particulars

Debt

MM & Others

Debt92.05%

MM & Others7.95%


Debt Rating Profile (% of Debt)Larsen & Toubro Limited 3.30%

IDFC 3.18%




TATA Sons 2.23%





National Bank For Agriculture And Rural Development 1.41%



MM & Others 7.95%

Total 100.00%

`13.80%

11.32%

5.49%

4.81%

4.08%

4.08%

3.94%

3.82%




Cement

Refinery

Diversified


Steel



1.68%

33.98%

24.75%

35.98%

3.62%


10

10.5

11

11.5

NAV/U

nit ( Rs )


Bond Fund

Gilt25.78%

AAA65.16%

AA0.23%

AA+8.82%


3.82%

3.58%

3.30%

Steel

Electricity distribution


9.5

Feb‐09

Mar‐09

Apr‐09

May‐09

Jun‐09

Jul‐09

Aug‐09

Sep‐09

Oct‐09

Nov‐09

Dec‐09

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11


Date of Inception :

March 31, 2009

Portfolio % to AUM

`



Larsen & Toubro Limited 6.13% 0% 20% 5.94%


ITC Ltd. 5.80%













Punjab National Bank 1.92%



Glenmark Pharmaceuticals Ltd. 1.83%



Equity

MM & Others

To seek consistent long term capital appreciation through investments primarily in equity

and equity‐related instruments by focusing predominantly on well established companies.

Asset Mix

ParticularsInvestment Pattern

Actual

INDIVIDUAL PENSION FUND EQUITY - APRIL, 2011

Equity94.06%

MM & Others5.94%




HDFC Bank Ltd 1.65%

NTPC Limited 1.50%





Infrastructure Development Finance Company Limited 1.21%


Cairn India Limited 1.04%


MM & Others 5.94%

Total 100.00%

`

11.58%

9.09%

7.74%

6.84%

6.42%

5.80%

4.43%

3.93%

3 74%

Banking Services

Computer software



Refinery

Tobacco products


Commercial vehicles

Primemovers


9

10

11

12

13

14

15

16

17

18

19

Mar‐09

May‐09

Jun‐09

Jul‐09

Aug‐09

Sep‐09

Oct‐09

Nov‐09

Dec‐09

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

NAV/U

nit ( Rs)


Pen Equity

3.74%

3.54%

Prime movers

Cosmetics, toiletries, soaps & detergents


Date of Inception :

To seek consistent growth over medium to long term by focusing predominantly on well established

companies through investments primarily in equity and equity‐related instruments and fair exposure to

high credit quality portfolio of debt and money market instruments.

INDIVIDUAL PENSION FUND GROWTH - APRIL, 2011

p

March 31, 2009

Portfolio % to AUM

`




ITC Ltd. 4.42%


Equity

Debt, MM & Others

Asset Mix


Actual











Debt26.64%

Equity69.51%

MM & Others3.85%










HDFC Bank Ltd 1.23%


Gilt5.61%AA

1 27% AA+


y





Debt 26.64%

Gilts & SDL 1.49%

GOI 1.41%

SDL (with < 1% exposure) 0.09%

AAA83.50%

1.27% AA+9.62%


Housing Development Finance Corporation Ltd. 4.30%Power Grid Corporation of India Limited 3.05%







ACC Limited 1.23%

53.36%





MM & Others 3.85%

Total 100.00%



0.35%

22.65%

18.83%

4.81%


`

9.59%

8.78%

7.32%

7.12%

5.86%

5.45%

4.64%

Computer software

Banking Services

Refinery




Steel 11

12

13

14

15

16

17

NAV/U

nit ( Rs)


Pen Growth

4.42%

3.93%

3.41%

Tobacco products



9

10

Mar‐09

May‐09

Jun‐09

Jul‐09

Aug‐09

Sep‐09

Oct‐09

Nov‐09

Dec‐09

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11


Date of Inception :

March 31, 2009

Portfolio % to AUM

`




ITC Ltd. 2.18%




Bharat Heavy Electricals Ltd 1.56%Housing Development Finance Corporation Ltd. 1.50%Aditya Birla Nuvo Limited 1.43%




Debt 64.51%

Gilts & SDL 5.78%

GOI 4.72%


Corporate Bonds 58.73%Reliance Capital Limited 5.36%

i l i i d %

Equity

Debt, MM & Others

To aim for stable returns over medium to long term through investments in high quality fixed

income and money market instruments and enhance returns through a fair exposure to equity

investments.

Asset Mix


Actual

INDIVIDUAL PENSION FUND BALANCED - APRIL, 2011

Debt64.51%

Equity29.86%

MM & Others5.62%


AA


Housing Development Finance Corporation Ltd. 5.20%Indian Oil Corporation Ltd 5.18%Power Grid Corporation of India Limited 4.52%Aditya Birla Nuvo Limited 3.91%ACC Limited 3.61%








TATA Sons 1.76%




MRF Ltd. 1.07%


MM & Others 5.62%

Total 100.00%

`

9.78%

9.66%

7.72%

6.39%

5.36%

5.33%

5.26%

4.66%


Refinery


Computer software


Diversified

Steel

Cement

Top 10 Industry Exposure ( % to AUM) < 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years

0.23%

31.55%

39.76%

23.39%

5.06%


9.5

10

10.5

11

11.5

12

12.5

13

13.5

NAV/U

nit ( Rs)


Pen Balanced

Gilt8.96%

AAA77.99%

2.18% AA+10.87%

4.64%

4.21%


Banking Services

9

Mar‐09

May‐09

Jun‐09

Jul‐09

Aug‐09

Sep‐09

Oct‐09

Nov‐09

Dec‐09

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11


Date of Inception :

March 31, 2009

Portfolio % to AUM

`

Minimum Maximum

Debt 92.19% 80% 100% 92.19%

Gilts & SDL 14.63% 0% 20% 7.81%

GOI 8.30%

SDL ‐ AP 2.45%


SDL ‐ Kerala 1.67%











d

Debt

MM & Others




Asset Mix


Actual

INDIVIDUAL PENSION FUND BOND - APRIL, 2011

Debt92.19%

MM & Others7.81%


AA+Debt Rating Profile (% of Debt)


ACC Limited 3.49%


IDFC 2.94%






TATA Sons 1.32%

National Bank For Agriculture And Rural Development 1.29%



MM & Others 7.81%

Total 100.00%

`11.58%

9.15%

8.31%

7.93%

7.28%

6.22%

5.82%

5.46%


Steel



Refinery



Diversified


< 1 year 1‐3 years 3‐5 years 5‐10 years

0.38%

29.35% 26.48%

43.79%


10

10.5

11

11.5

NAV/U

nit ( RS)


Pen Bond

Gilt15.87%

AAA72.60%

AA2.20%

9.33%

4.15%

3.49%


Cement

9.5

Mar‐09

May‐09

Jun‐09

Jul‐09

Aug‐09

Sep‐09

Oct‐09

Nov‐09

Dec‐09

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11


Date of Inception :

January 20, 2010

Portfolio % to AUM

`







ITC Ltd. 4.12%














HDFC Bank Ltd 1.98%

APEX EQUITY FUND - APRIL, 2011

To tap growth opportunities for long term capital appreciation through investments primarily in

equity and equity‐related instruments.


Asset Mix

Particulars

Equity

MM & Others

Equity92.41%

MM & Others7.59%





Infrastructure Development Finance Company Limited 1.48%




Tata Power Co. Ltd. 1.24%





MM & Others 7.59%

Total 100.00%

`

12.16%

10.68%

7.30%

6.05%

5.29%

4.70%

4.40%

4.12%

Banking Services

Computer software



Refinery

Commercial vehicles

Crude oil & natural gas

Tobacco products


9

9.5

10

10.5

11

11.5

12

Jan‐10

Feb‐10

Mar‐…

Apr‐10

May‐ …

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐…

Apr‐11

NAV/U

nit ( Rs )


Apex Equity

3.98%

3.08%


Steel


Date of Inception :

January 20, 2010

Portfolio % to AUM

`



State Bank of India 4.03% 15% 45% 31.18%





ITC Ltd. 2.98%













HDFC Bank Ltd 1.41%


APEX GROWTH FUND - APRIL, 2011

To aim for medium to long term capital appreciation by maintaining a diversified portfolio of equity

and equity related instruments and fair exposure to high credit quality portfolio of debt and money

market instruments.


Asset Mix

Particulars

Equity

Debt, MM & Others

Debt26.08%

Equity68.82%

MM & Others5.10%


Gil

AA+2.51%









Debt 26.08%

Gilts & SDL 5.79%

GOI 5.74%


Corporate Bonds 20.29%Housing Development Finance Corporation Ltd. 5.97%


Reliance Gas Transportation Infrastucture Limited 1.99%MRF Ltd. 1.45%National Housing Bank 1.36%Reliance Industries Ltd 1.30%

LIC Housing Finance Ltd 1.21%Others (with < 1% exposure) 4.83%

MM & Others 5.10%

Total 100.00%

`

10.13%

9.15%

7.64%

6.06%

5.56%

5.33%

4.88%


Banking Services

Computer software


Refinery



Top 10 Industry Exposure ( % to AUM) 1‐3 years 3‐5 years 5‐10 years > 10 years

54.17%

7.78%

18.82%19.23%


10

10.5

11

11.5

12

NAV/U

nit ( Rs )


Apex Growth

Gilt22.19%

AAA75.30%

3.62%

3.24%

3.15%

Commercial vehicles



9

9.5

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11


Date of Inception :

January 20, 2010

Portfolio % to AUM

`





ITC Ltd. 2.40%



Tata Consultancy Services Limited 1.99%Tata Motors Limited 1.62%Oil & Natural Gas Corpn Ltd 1.40%




Mahindra & Mahindra Ltd. 1.33%Sun Pharmaceuticals Industries Ltd 1.32%

Bajaj Auto Limited 1.32%Axis Bank Limited 1.30%


HDFC Bank Ltd 1.19%






APEX BALANCED FUND - APRIL, 2011


Asset Mix

Particulars

Equity

Debt, MM & Others

To optimize returns over medium to long term, by aiming balance between risk and return,

through investments in high quality equity and debt instruments.

Debt42.11%

Equity49.71%

MM & Others8.18%

Asset Allocation( % to AUM)

Gilt

AA+2.24%


p

GAIL (India) Limited 1.00%Others (with < 1% exposure) 10.77%

Debt 42.11%Gilts & SDL 8.89%GOI 7.89%SDL (with < 1% exposure) 1.00%

Corporate Bonds 33.22%Housing Development Finance Corporation Ltd. 6.80%UltraTech Cement Limited 4.07%Reliance Gas Transportation Infrastucture Limited 3.42%Power Finance Corporation Limited 3.20%LIC Housing Finance Ltd 2.55%TATA Sons 2.30%

Larsen & Toubro Limited 2.13%MRF Ltd. 1.43%


ACC Limited 1.27%Others (with < 1% exposure) 4.66%

MM & Others 8.18%

Total 100.00%

`11.40%

7.09%

6.71%

6.57%

5.76%

5.56%

4.42%

4.21%



Cement

Computer software

Banking Services





1‐3 years 3‐5 years 5‐10 years > 10 years

55.54%

13.02%

21.21%

10.24%


9.5

10

10.5

11

11.5

NAV/U

nit ( Rs )


Apex Balanced

Gilt21.12%

AAA76.64%

3.98%

2.47%

Refinery


9

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11


Date of Inception :

January 20, 2010

Portfolio % to AUM

`

Minimum Maximum

Debt 86.81% 80% 100% 86.81%

Gilts & SDL 33.96% 0% 20% 13.19%

GOI 30.56%

State Govt ‐ Maharashtra 1.27%








TATA Sons 4.76%


UltraTech Cement Limited 3.65%

APEX BOND FUND - APRIL, 2011





Asset Mix

DEBT

MM & Others

Particulars

Debt86.81%

MM & Others13.19%


AA+1 78%

Debt Rating Profile (% of Debt)LIC Housing Finance Ltd 3.49%


IDFC 2.67%


Hindustan Petroleum Corporation Ltd. 1.29%



MM & Others 13.19%

Total 100.00%

`

12.61%

12.09%

6.40%

5.17%

4.76%

4.39%

3.94%

1.55%

1.09%



Refinery

Steel

Securities investment services

Cement


Diversified




29.34%

12.48%

32.74%

25.44%


10

10.5

11

NAV/U

nit (Rs )


Apex Bond

Gilt39.12%

AAA59.10%

1.78%g ( )

1.09%

0.61%


Computer software

9.5

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11


Date of Inception :

January 20, 2010

Portfolio % to AUM

`







ITC Ltd. 4.30%















( )

Equity

MM & Others

To seek consistent long term capital appreciation through investments primarily in equity and

equity‐related instruments by focusing predominantly on well established companies.

Asset Mix


Actual

INDIVIDUAL PENSION FUND APEX EQUITY - APRIL, 2011

Equity92.73%

MM & Others7.27%






HDFC Bank Ltd 1.55%



Thermax Ltd 1.40%






Cipla Ltd. 1.04%Others (with < 1% exposure) 5.25%

MM & Others 7.27%

Total 100.00%

`

11.56%

10.04%

8.07%

6.13%

5.07%

4.42%

4.35%

4.30%

Banking Services

Computer software



Refinery

Commercial vehicles


Tobacco products


9

9.5

10

10.5

11

11.5

12

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

NAV/U

nit ( Rs )


Pen Apex Equity

4.28%

3.51%

Prime movers

Passenger cars & multi utility vehicles


Date of Inception :

January 20, 2010

Portfolio % to AUM

`




ITC Ltd. 3.64%


















D R dd L b t i Ltd 1 36%

Equity

Debt, MM & Others

To seek consistent growth over medium to long term by focusing predominantly on well established

companies through investments primarily in equity and equity‐related instruments and fair exposure to

high credit quality portfolio of debt and money market instruments.

Asset Mix


Actual

INDIVIDUAL PENSION FUND APEX GROWTH - APRIL, 2011

Debt28.81%

Equity68.42%

MM & Others2.77%


GiltAA+




HDFC Bank Ltd 1.20%



Thermax Ltd 1.07%




Debt 28.81%

Gilts & SDL 5.70%

GOI 5.08%SDL (with < 1% exposure) 0.63%

Corporate Bonds 23.11%Power Finance Corporation Limited 5.32%Housing Development Finance Corporation Ltd. 4.33%Dr. Reddy's Laboratories Ltd. 1.98%LIC Housing Finance Ltd 1.92%National Housing Bank 1.40%Tech Mahindra Limited 1.24%Reliance Gas Transportation Infrastucture Limited 1.02%Others (with < 1% exposure) 5.91%

MM & Others 2.77%

Total 100.00%

`

9.52%

9.39%

8.66%

7.91%

7.44%

5.55%

5.30%

3 64%

Banking Services


Computer software




Refinery

Tobacco products



35.81%

26.94%29.69%

7.56%


9.5

10

10.5

11

11.5

NAV/U

nit ( Rs)


Pen Apex Growth

Gilt19.80%

AAA73.33%

6.87%

3.64%

3.42%

3.15%

Tobacco products


Commercial vehicles

9

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11


Date of Inception :

January 20, 2010

Portfolio % to AUM

`



Mahindra & Mahindra Ltd. 2.96% 35% 65% 50.49%

ITC Ltd. 2.87%




Housing Development Finance Corporation Ltd. 2.02%Glenmark Pharmaceuticals Ltd. 1.91%Crompton Greaves Ltd 1.77%




Tata Consultancy Services Limited 1.36%Godrej Consumer Products Limited 1.32%

HCL Technologies Ltd 1.25%Punjab National Bank 1.25%

Oil & Natural Gas Corpn Ltd 1.22%Tata Motors Limited 1.20%Grasim Industries Ltd. 1.16%Tata Steel Limited 1.11%Cipla Ltd. 1.09%The Indian Hotels Company Limited 1.07%Ranbaxy Laboratories Ltd 1 07%

Equity

Debt, MM & Others

To optimize returns over medium to long term, by aiming balance between risk and return,

through investments in high quality equity and debt instruments.

Asset Mix


Actual

INDIVIDUAL PENSION FUND APEX BALANCED - APRIL, 2011

Debt45.68%

Equity49.51%

MM & Others4.81%


Gilt27 72%

AA+6.45%


Ranbaxy Laboratories Ltd 1.07%Hindustan Unilever Limited 1.06%HDFC Bank Ltd 1.01%Others (with < 1% exposure) 8.36%

Debt 45.68%Gilts & SDL 12.67%GOI 9.82%SDL ‐ Gujarat 2.15%SDL ‐ Other States (with < 1% exposure) 0.69%










Rural Electrification Corporation Limited 1.21%


TATA Sons 1.08%



MM & Others 4.81%

Total 100.00%

`

8.58%

8.03%

8.00%

7.23%

6.67%

6.56%

5.17%




Refinery

Banking Services

Computer software




29.42%

18.86%

43.62%

8.09%


9 5

10

10.5

11

11.5

NAV/U

nit ( Rs )


Pen Apex Balanced

27.72%

AAA65.82%

3.45%

2.96%

2.87%

Diversified

Passenger cars & multi …

Tobacco products

9

9.5

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11


Date of Inception :

January 20, 2010

Portfolio % to AUM

`

Minimum Maximum

Debt 89.16% 80% 100% 89.16%

Gilts & SDL 32.29% 0% 20% 10.84%

GOI 19.33%


State Govt ‐ Maharashtra 4.94%

SDL ‐ AP 1.74%






IDFC 6.39%


TATA Sons 2.92%


DEBT

MM & Others


Government securities and high quality corporate debt of varying maturities and also in money

market instruments.

Asset Mix


Actual

INDIVIDUAL PENSION FUND APEX BOND -APRIL, 2011

Debt89.16%

MM & Others10.84%

Asset Allocation( % to AUM)

Debt Rating Profile (% of Debt)Aditya Birla Nuvo Limited 2.67%

Rural Electrification Corporation Limited 2.34%

ACC Limited 2.00%





MM & Others 10.84%

Total 100.00%

`

19.36%

10.41%

7.54%

6.00%

2.92%

2.90%

2.67%

2.00%

1.84%




Refinery

Securities investment services


Diversified

Cement

Computer software



26.83%24.45%

43.80%

4.92%


10

10.5

11

NAV/U

nit ( Rs)


Pen Apex Bond

Gilt36.22%

AAA60.79%

AA+3.00%

0.71%

p


9.5

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

Risk Factors

• This document has been prepared for the purpose of providing general information only.

• Unit Linked Life Insurance products are different from the traditional insurance products and are subject to various risk factors.

• Customers should take into account their personal investment objectives, risk appetite and other aspects of their financial situation before making an investment decision.

• Unit linked policies are subject to market risks associated with capital markets and NAVs of units may go up or down based on the performance of fund and factors influencing the capital market and the customers have to consider this aspect while taking any decision.

• SUD Life shall not be responsible for any losses caused or any claims that arise due to investments made based on this document.

• Customers are advised to note that the details are based on past performance and is not indicative of its future prospects or returns.

• All efforts have been made to ensure accuracy of the contents of this document, however, SUD Life shall not be held responsible for any errors or omissions.

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