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The monthly fund performance update July, 2010 (As on June 30, 2010) Our Investment Philosophy Invest
The monthly fund performance update
July, 2010
(As on June 30, 2010)
Our Investment Philosophy
Invest Wisely To Make
Your Dreams Come True
As one of the leading private life
insurance companies, we know that
our customers trust their monies with
us to attain their long-term goals and
to protect and achieve the dreams
and aspirations of their families.
With this in mind, our investment
focus is to ensure long term Safety,
Stability and Profitability of our
customers' funds.
Our aim is to achieve superior returns
for a given level of risk. In order to
meet this objective, we have
developed an investment framework
that is based on a sound investment
process coupled with a rigorous and
sophisticated risk management
strategy.
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Pension Funds
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5 Mantras of Financial Freedom
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How we Manage your Money
The Investment Team Advises
Glossary of Terms
Performance Summary
As on June 30, 2010
Equity Market
Debt Market
Annualized Returns
Annualised returns (Fund)
5 Year Sharpe Ratio
(Benchmark)
Date of
Movement of Sensex and Nifty
Jun-10
May-10
Yield Curve
Fund
Sensex
Nifty
Inception
9%
Since
Since
19,000
6,500
3 Year
5 Year
3 Year
5 Year
Fund
Benchmark
Inception
Inception
18,500
6,000
8%
18,000
5,500
7%
Preserver
Protector*
Balancer*
Maximiser
Flexi Growth
Flexi Balanced
Multiplier
R.I.C.H. Fund
Pension Preserver
Pension Protector
Pension Balancer
Pension Maximiser
Pension Flexi Growth
Pension Flexi Balanced
Pension Multiplier Fund
Pension R.I.C.H. Fund
8.75%
8.04%
7.49%
6.12%
6.20%
5.85%
4.98
1.33
17-May-04
17,500
5,000
6%
8.80%
7.25%
7.11%
6.95%
5.63%
5.93%
0.50
0.12
15-Nov-01
17,000
4,500
16,500
4,000
5%
10.61%
13.02%
14.20%
8.59%
11.61%
11.93%
0.76
0.60
15-Nov-01
16,000
3,500
4%
6m
1y
2y
3y
4y
5y
6y
10y
30y
10.15%
20.47%
24.52%
7.47%
19.95%
21.34%
0.73
0.65
15-Nov-01
Maturity
8.55%
N.A.
12.36%
6.82%
N.A.
11.83%
NA
NA
20-Mar-07
8.23%
N.A.
10.34%
8.34%
N.A.
11.00%
NA
NA
20-Mar-07
Equity:
Fixed Income:
N.A.
N.A.
-0.58%
N.A.
N.A.
-2.88%
NA
NA
26-Nov-07
N.A.
N.A.
13.72%
N.A.
N.A.
9.20%
NA
NA
17-Mar-08
The Nifty gained 4.5% during the month as domestic events
dominated the market sentiment in the absence significant
developments in international markets and the European
debt crisis taking a backseat. On the domestic front, strong
8.61%
7.94%
7.33%
6.12%
6.20%
5.85%
3.91
1.33
17-May-04
IIP growth numbers for April and significantly higher than
8.65%
7.18%
7.26%
6.95%
5.63%
6.01%
0.51
0.12
31-May-02
estimated revenues from the 3G auction impacted sentiment
positively. Further, the de-regulation of petrol and increase in
9.38%
12.57%
14.86%
8.59%
11.61%
12.63%
0.76
0.60
31-May-02
other fuel prices was very well received by the equity markets.
9.40%
20.55%
26.25%
7.47%
19.95%
23.03%
0.72
0.65
31-May-02
7.57%
N.A.
11.73%
6.82%
N.A.
11.83%
NA
NA
20-Mar-07
8.68%
N.A.
11.39%
8.34%
N.A.
11.00%
NA
NA
20-Mar-07
N.A.
N.A.
3.21%
N.A.
N.A.
0.91%
NA
NA
25-Feb-08
N.A.
N.A.
13.31%
N.A.
N.A.
9.20%
NA
NA
17-Mar-08
* From the date of inception of the benchmark (2-April-2002)
This led to a strong share performance of the upstream and
down stream oil companies. The foreign flows once again
turned positive for the month of June. FIIs, who were net
sellers in May, bought Rs. 97 bn of Indian equities in June.
However, concerns regarding global economic growth losing
steam continued to linger on market sentiment.
Consequently, the commodity stocks were amongst the
worst performers for the month. Thus, on the back of weak
global sentiment and positive domestic news markets have
been volatile but largely range bound.
The debt market started the month on a bearish note on the
back of tight liquidity conditions in the system and strong
domestic economic data releases. The IIP data for the month
of April was seen at 17.6% against a consensus estimate of
14.5%. WPI inflation for May was seen at 10.16% which was
far higher than the market expectation of 9.6%. However,
towards the end of the month, yields eased on the back of
global cues. The government also reduced the size of the
auction scheduled to be held on July 2, 2010 by Rs. 3,000
crores. The benchmark 10 year bond closed almost flat at a
yield of 7.55% as on June 30, 2010. The government hiked
the prices of petrol, diesel, kerosene and LPG by Rs. 3.5, Rs.2,
Rs. 3 and Rs. 35 respectively. The RBI also hiked the repo and
reverse repo rates by 0.25% each as an inter-policy move.
Outlook
KEY INDICATORS
We have a neutral view on the markets for the short term.
Recent economic data in the US have been below estimates
indicating that economic recovery could be losing pace. This
Jun 30,
May 31,
Jun 30,
May 31,
Economic Indicators
Change
Equity Indices
% Change
could lead to risk aversion. On the domestic front the growth
2010
2010
2010
2010
data continues to be extremely robust. IIP for April grew
The main drivers for the movement in government securities
yields last month were concerns on liquidity and economic
data releases. While the liquidity crunch in the system kept
the short term yields under pressure, the strong domestic
data releases built up expectations of a mid policy hike in the
rates. However, developments on the global front helped the
domestic bond market recoup some of the losses. At the G-
20 economic summit, the world leaders committed to reduce
the fiscal deficit to half by 2013. The safe haven treasuries
thereby became appealing on concerns that huge deficit
BSE SENSEX
17,701
16,945
4.5
Rs/$
Forex Reserve($ bn)
Oil Price ($/barrel)
Gold (Rs. / 10 gm)
FII Fund flow (INR mn)
MF Fund flow (INR mn)
DII Fund flow (INR mn)
DII-MF fund flow (INR mn)
46.45
46.37
0.17%
17.6% yoy. However, the robust growth is also leading to
inflation and in fact, may inflation came in higher than
reductions could slow global economic growth and prevent a
S&P CNX NIFTY (50)
5,313
5,086
4.5
275.97 271.97
1.47%
expected at 10.2%. Further, inflation for the month of March
viable recovery. The Federal Reserve's wary economic outlook
and decision to leave short-term interest rates steady near
INDIA BSE MIDCAP
CNX MIDCAP INDEX
7,149
6,835
4.6
was revised up from 9.9% to 11%. This could lead to increase
in interest rates by the Reserve Bank of India to moderate
historic lows also helped Treasury’s extend gains. These
75.63 75.16
0.63%
8,131
7,756
4.8
18,805
18,377
2.33%
growth momentum. Also, Corporate India will get into
reporting season for the first quarter of FY11 in month of July.
This will be crucial data to watch for markets are anticipating
~25% growth in earnings for FY11 and the first quarter
global factors helped the domestic bond market towards the
end of the month. The Indian Rupee depreciated to 46.45
against the dollar as on June 30, 2010.
102,445
-91,747
194,192
-9,612
986
-10,598
Jun 30,
May 31,
Outlook:
Global Indices
% Change
2010
2010
-47,771
63,612
-111,382
-38,159
62,626
-100,784
Jun 30, 2010
May 31, 2010
Dow Jones Industrials
Hang Seng
FTSE 100
Nikkei 225 Stock Average
9,774
10,137
-3.6
number will be the first measure of how the performance is
tracking vis-a-vis expectations. From a medium term
perspective, Indian markets have performed better than their
emerging market peers and valuations are currently ~ 20%
We maintain our bearish outlook on the bond market. We
expect the recent fuel price hikes to have an incremental
effect of 1% on the headline WPI inflation. The WPI has
20,129
19,765
1.8
4,917
5,188
-5.2
9,383
9,769
-4.0
above long-term mean. What this means is that the market is
likely to remain range bound in the near future. Over the
long-term the Indian economy will likely report double-digit
nominal growth numbers, in annualized terms, and we
Monthly Inflation (WPI)
10.16%
9.59%
expect that to lead to similar returns for investors in Indian
equities.
GDP Growth Rate
FY 2009
Fixed Income
Jun 30,
May 31,
5 year CAGR
3m-2010
% Change
Yields
2010
2010
8.40%
9.00%
6.70%
NSE Mibor
5.73%
5.25%
0.48%
Benchmark
5
year G-Sec
7.37%
7.38%
-0.01%
1yr
3yr
5yr
Returns
5
year AAA
8.22%
8.19%
0.03%
already crossed the 10% mark in the month of May. We
expect the inflation to remain in double digits till October.
Rising inflation, huge borrowing program and rising private
sector credit demand will put pressure on the yields. We
expect the benchmark 10 year bond to trade in the range of
7.40%-7.70% for the next few weeks. We expect the RBI to
increase the repo and reverse repo rates by 0.25% in the
policy meeting to be held on July 27, 2010. On the currency
front, the US Dollar is expected to remain strong for
sometime with concerns lingering over the European debt
laden countries and weak global economic data. We expect
the Indian rupee to remain weak against the dollar over the
next few weeks. However, from a medium term perspective,
we expect Rupee to appreciate against the US dollar in
coming months.
BSE 100
CRISIL Bond Index
24.73 7.48
19.97
7.55%
7.52%
0.03%
4.69%
6.95%
5.63%
10 year G-Sec
10 year AAA
8.70%
8.68%
0.02%
1-Jun
2-Jun
3-Jun
4-Jun
7-Jun
8-Jun
9-Jun
10-Jun
11-Jun
14-Jun
15-Jun
16-Jun
17-Jun
18-Jun
21-Jun
22-Jun
23-Jun
24-Jun
25-Jun
28-Jun
29-Jun
30-Jun
Pension Funds InvestShield Funds ULIP Funds Balancer Protector Maximiser Preserver Multiplier RICH Flexi Balanced Flexi Growth
Pension Funds
InvestShield Funds
ULIP Funds
Balancer
Protector
Maximiser
Preserver
Multiplier
RICH
Flexi Balanced
Flexi Growth
Balancer
As on June 30, 2010
PERFORMANCE SUMMARY
PORTFOLIO
FUND OBJECTIVE
To provide a balance between long-term capital appreciation and
current income through investment in equity as well as fixed income
instruments in appropriate proportions depending on market
conditions prevalent from time to time.
NAV***
Rs.
AUM (Rs. Million): 22,028.37
Balancer Fund
Balancer Fund II
Balancer Fund III
Balancer Fund IV
33.53
22.55
15.51
Allocation in
Asset Allocation
13.6
Fund
RISK PROFILE
EQUITY
DEBT
OTHER CURRENT ASSETS AND EQUIVALENT
38.21%
58.63%
ANNUALIZED RETURNS
3.16%
TOTAL
100.00%
16.00%
14.00%
Top 5 Sectors In Equity
Allocation as a
% in Equity
12.00%
OIL & GAS
BANKING
TECHNOLOGY
CAPITAL GOODS
FINANCE
17.28%
16.44%
10.00%
Risk
10.27%
8.00%
9.24%
APPLICABLE PRODUCTS
8.93%
6.00%
Product
Balancer
4.00%
Top 10 Equity Stocks
LifeStage Regular Premium
LifeStage Assure
LifeTime Plus
LifeTime Gold
LifeTime Super
LifeTime II
LifeTime
PremierLife Gold
PremierLife
Wealth Advantage
LifeLink Super
LifeLink II
LifeLink
SmartKid New Unit Linked Regular Premium
SmartKid Unit Linked Regular Premium Plan II
SmartKid Unit Linked Regular Premium Plan
SmartKid New Unit Linked Single Premium
SmartKid Single Premium II
SmartKid Single Premium
Golden Years
IV
Allocation as a
% in Equity
2.00%
IV
8.93%
II
0.00%
8.39%
I
7.84%
3 Year
5 Year
Since inception*
I
6.33%
I
Balancer
Benchmark
5.33%
I
H D F C BANK LTD.
RELIANCE INDUSTRIES LTD.
BHARAT HEAVY ELECTRICALS LTD.
INFOSYS TECHNOLOGIES LTD.
AXIS BANK LTD.
OIL & NATURAL GAS CORPN. LTD.
I T C LTD.
MAHINDRA & MAHINDRA LTD.
BAJAJ HOLDINGS & INVST. LTD.
STERLITE INDUSTRIES (INDIA) LTD.
5.07%
II
* calculated with effect from 2-Apr-02, as benchmark did not exist
4.73%
II
before this date
4.56%
II
4.21%
III
NAV GROWTH
3.92%
II
I
34
Debt Asset Allocation
Allocation in Fund
II
32
I
GOVERNMENT SECURITIES/ T BILLS
CORPORATE SECURITIES
13.89%
I
30
41.06%
II
34.41%
28
I
4.26%
26
I
AAA AND EQUIVALENT
AA+ AND EQUIVALENT
AA EQUIVALENT AND BELOW
2.39%
24
II
CORPORATE MONEY MARKET SECURITIES
3.68%
22
20
DATE OF INCEPTION: Nov 16, 2001
3.68%
18
COMMERCIAL PAPER (P1+
AND EQUIVALENT)
CERTIFICATE OF DEPOSIT (P1+ AND
EQUIVALENT)
0.00%
ASSET ALLOCATION
16
FIXED DEPOSITS WITH BANKS
0.00%
Indicative Portfolio Allocation
Max (%)
Min (%)
14
Equity & equity related securities
Debt, Money Market & Cash
40 0
12
62.19
100 60
10
Apr-02
Aug-03
Dec-04
May-06
Sep-07
Feb-09
Jun-10
Average Maturity of Debt Portfolio (Months)
Average Maturity of Debt Benchmark (Months)
Yield to Maturity of Debt Portfolio
39.2
7.45%
BENCHMARK
Balancer
Benchmark
35% BSE 100&65% CRISIL Composite Bond Index
*** Last Declared NAV (June 30, 2010)
For full portfolio details please
Click Here
Expected return
Pension Funds InvestShield Funds ULIP Funds Balancer Protector Maximiser Preserver Multiplier RICH Flexi Balanced Flexi Growth
Pension Funds
InvestShield Funds
ULIP Funds
Balancer
Protector
Maximiser
Preserver
Multiplier
RICH
Flexi Balanced
Flexi Growth
Protector
As on June 30, 2010
PERFORMANCE SUMMARY
PORTFOLIO
FUND OBJECTIVE
To provide accumulation of income through investment in various
fixed income securities. The fund seeks to provide capital appreciation
while maintaining a suitable balance between return, safety and
liquidity.
NAV***
Rs.
AUM (Rs. Million): 14,571.73
Protector Fund
Protector Fund II
Protector Fund III
Protector Fund IV
19.7074
15.0955
13.9047
Asset Allocation
Allocation in Fund
12.9587
RISK PROFILE
GOVERNMENT SECURITIES/ T BILLS
CORPORATE SECURITIES
19.53%
59.50%
49.25%
ANNUALIZED RETURNS
AAA AND EQUIVALENT
AA+ AND EQUIVALENT
AA EQUIVALENT AND BELOW
5.34%
4.91%
10.00%
CORPORATE MONEY MARKET SECURITIES
12.21%
9.00%
COMMERCIAL PAPER (P1+ AND
8.00%
EQUIVALENT)
CERTIFICATE OF DEPOSIT (P1+
12.21%
7.00%
AND EQUIVALENT)
0.00%
6.00%
FIXED DEPOSITS WITH BANKS
3.93%
Risk
5.00%
OTHER CURRENT ASSETS AND
EQUIVALENT
4.83%
4.00%
APPLICABLE PRODUCTS
TOTAL
100.00%
3.00%
Product
Protector
2.00%
LifeStage Regular Premium
LifeStage Assure
LifeTime Plus
LifeTime Gold
LifeTime Super
LifeTime II
LifeTime
PremierLife Gold
PremierLife
Wealth Advantage
LifeLink Super
LifeLink II
LifeLink
SmartKid New Unit Linked Regular Premium
SmartKid Unit Linked Regular Premium Plan II
SmartKid Unit Linked Regular Premium Plan
SmartKid New Unit Linked Single Premium
SmartKid Single Premium II
SmartKid Single Premium
Golden Years
IV
Allocation in
IV
1.00%
Portfolio By Maturity
Fund
II
0.00%
< 1 year
1-5 years
5-7 years
7-10 years
> 10 years
27.80%
I
3 Year
5 Year
Since inception*
I
48.37%
I
Protector
Benchmark
1.61%
I
10.30%
* calculated with effect from 2-Apr-02, as benchmark did not exist
II
11.92%
before this date
II
TOTAL
100.00%
II
III
NAV GROWTH
II
Average Maturity of Debt Portfolio (Months)
Average Maturity of Benchmark (Months)
Yield to Maturity of Debt Portfolio
49.91
39.2
I
20.00
7.3%
II
19.00
I
I
18.00
*** Last Declared NAV (June 30, 2010)
II
I
17.00
I
16.00
II
15.00
DATE OF INCEPTION: Nov 16, 2001
14.00
13.00
ASSET ALLOCATION
Indicative Portfolio Allocation
Max (%)
Min (%)
12.00
Equity & equity related securities
Debt, Money Market & Cash
0 0
11.00
100 100
Apr-02
Aug-03
Jan-05
May-06
Sep-07
Feb-09
Jun-10
BENCHMARK
Protector
Benchmark
CRISIL Composite Bond Index
For full portfolio details please
Click Here
Expected return
Pension Funds InvestShield Funds ULIP Funds Balancer Protector Maximiser Preserver Multiplier RICH Flexi Balanced Flexi Growth
Pension Funds
InvestShield Funds
ULIP Funds
Balancer
Protector
Maximiser
Preserver
Multiplier
RICH
Flexi Balanced
Flexi Growth
Maximiser
As on June 30, 2010
PERFORMANCE SUMMARY
PORTFOLIO
FUND OBJECTIVE
To generate long-term capital appreciation through investment
primarily in equity and equity-related instruments.
NAV***
Rs.
AUM (Rs. Million): 100,810.66
Maximiser Fund
Maximiser Fund II
Maximiser Fund III
Maximiser Fund IV
66.32
36.75
RISK PROFILE
16.77
Allocation in
Asset Allocation
13.09
Fund
EQUITY
DEBT AND OTHER CURRENT ASSETS &
EQUIVALENT
98.52%
ANNUALIZED RETURNS
1.48%
TOTAL
100.00%
30.00%
Sector Allocation
Allocation as a
% in Equity
25.00%
17.77%
Risk
16.06%
20.00%
10.25%
10.00%
APPLICABLE PRODUCTS
15.00%
8.83%
Product
Maximiser
8.46%
LifeStage Regular Premium
LifeTime Plus
LifeTime Super
LifeTime II
LifeTime
PremierLife Gold
PremierLife
LifeLink Super
LifeLink II
LifeLink
SmartKid New Unit Linked Regular Premium
SmartKid Unit Linked Regular Premium Plan II
SmartKid Unit Linked Regular Premium Plan
SmartKid New Unit Linked Single Premium
SmartKid Single Premium II
SmartKid Single Premium
Golden Years
IV
10.00%
BANKING
OIL & GAS
CAPITAL GOODS
TECHNOLOGY
AUTO
METALS & MINERALS
CONSUMER
FINANCE
CEMENT
TELECOM
PHARMA & HEALTHCARE
EPC
REAL ESTATE
RETAIL
OTHERS
INFRASTRUCTURE
MEDIA
7.92%
II
5.43%
I
5.00%
3.43%
I
2.87%
I
2.57%
0.00%
II
1.81%
3 Year
5 Year
Since inception
II
1.76%
III
Maximiser
Benchmark
1.63%
II
0.91%
I
NAV GROWTH
0.27%
II
0.04%
I
72.00
I
Top 20 Equity stocks
II
Allocation as a
% in Equity
64.00
I
9.28%
I
56.00
9.22%
II
8.64%
48.00
6.80%
5.55%
40.00
5.18%
4.79%
32.00
DATE OF INCEPTION: Nov 16, 2001
4.43%
4.41%
24.00
ASSET ALLOCATION
2.87%
16.00
2.78%
Indicative Portfolio Allocation
Max (%)
Min (%)
2.69%
Equity & equity related securities
Debt, Money Market & Cash
100 75
8.00
2.63%
25 0
Nov-01
Apr-03
Oct-04
Mar-06
Aug-07
Jan-09
Jun-10
RELIANCE INDUSTRIES LTD.
H D F C BANK LTD.
BHARAT HEAVY ELECTRICALS LTD.
INFOSYS TECHNOLOGIES LTD.
AXIS BANK LTD.
MAHINDRA & MAHINDRA LTD.
I T C LTD.
OIL & NATURAL GAS CORPN. LTD.
STERLITE INDUSTRIES (INDIA) LTD.
BHARTI AIRTEL LTD.
JINDAL STEEL & POWER LTD.
DABUR INDIA LTD.
TATA CONSULTANCY SERVICES LTD.
LUPIN LTD.
SHRIRAM TRANSPORT FINANCE CO. LTD.
HERO HONDA MOTORS LTD.
A C C LTD.
BAJAJ HOLDINGS & INVST. LTD.
PANTALOON RETAIL (INDIA) LTD.
RURAL ELECTRIFICATION CORPN. LTD.
2.57%
2.36%
BENCHMARK
Maximiser
Benchmark
2.09%
BSE 100
1.94%
1.69%
1.63%
1.38%
*** Last Declared NAV (June 30, 2010)
For full portfolio details please
Click Here
Expected return
Pension Funds InvestShield Funds ULIP Funds Balancer Protector Maximiser Preserver Multiplier RICH Flexi Balanced Flexi Growth
Pension Funds
InvestShield Funds
ULIP Funds
Balancer
Protector
Maximiser
Preserver
Multiplier
RICH
Flexi Balanced
Flexi Growth
Preserver
As on June 30, 2010
PERFORMANCE SUMMARY
PORTFOLIO
FUND OBJECTIVE
To provide suitable returns through low risk investments in debt and
money market instruments while attempting to protect the capital
deployed in the fund.
NAV***
Rs.
AUM (Rs. Million): 3,737.97
Preserver Fund
Preserver Fund III
Preserver Fund IV
15.5603
14.0507
12.565
Asset Allocation
Allocation in Fund
RISK PROFILE
GOVERNMENT SECURITIES/ T BILLS
CORPORATE SECURITIES
0.22%
0.75%
ANNUALIZED RETURNS
AAA AND EQUIVALENT
AA+ AND EQUIVALENT
AA EQUIVALENT AND BELOW
0.75%
0.00%
0.00%
10.00%
CORPORATE MONEY MARKET SECURITIES
82.37%
8.00%
COMMERCIAL PAPER (P1+ AND
EQUIVALENT)
CERTIFICATE OF DEPOSIT (P1+ AND
EQUIVALENT)
82.37%
0.00%
Risk
6.00%
FIXED DEPOSITS WITH BANKS
OTHER CURRENT ASSETS AND EQUIVALENT
15.85%
0.82%
APPLICABLE PRODUCTS
4.00%
TOTAL
100.00%
Product
Preserver
Allocation in
LifeStage Regular Premium
LifeStage Assure
LifeTime Plus
LifeTime Gold
LifeTime Super
LifeTime II
LifeTime
PremierLife Gold
PremierLife
Wealth Advantage
LifeLink Super
LifeLink II
LifeLink
SmartKid New Unit Linked Regular Premium
SmartKid Unit Linked Regular Premium Plan II
SmartKid Unit Linked Regular Premium Plan
SmartKid New Unit Linked Single Premium
SmartKid Single Premium II
SmartKid Single Premium
Golden Years
IV
Portfolio by Maturity
2.00%
Fund
IV
100.00%
I
I
0.00%
0.00%
I
0.00%
3 Year
5 Year
Since inception
I
0.00%
I
Preserver
Benchmark
< 1 YEAR
1- 5 YEARS
5 - 7 YEARS
7- 10 YEARS
> 10 YEARS
0.00%
II
TOTAL
100.00%
I
I
NAV GROWTH
Average Maturity of
Debt
Portfolio (Months)
5.86
III
Average Maturity of Debt Benchmark (Months)
Yield to Maturity of Debt Portfolio
2.23
16.00
I
6.33%
I
15.50
I
15.00
I
14.50
I
*** Last Declared NAV (June 30, 2010)
I
14.00
I
13.50
I
13.00
I
12.50
DATE OF INCEPTION: May 17, 2004
12.00
11.50
ASSET ALLOCATION
11.00
Indicative Portfolio Allocation
Max (%)
Min (%)
10.50
Equity & equity related securities
Debt instruments
Money Market & Cash
0 0
10.00
50 0
Aug-04
Jul-05
Jul-06
Jul-07
Jul-08
Jul-09
Jun-10
100 50
Preserver
Benchmark
BENCHMARK
CRISIL Liquid Index
For full portfolio details please
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Expected return
Pension Funds InvestShield Funds ULIP Funds Balancer Protector Maximiser Preserver Multiplier RICH Flexi Balanced Flexi Growth
Pension Funds
InvestShield Funds
ULIP Funds
Balancer
Protector
Maximiser
Preserver
Multiplier
RICH
Flexi Balanced
Flexi Growth
Multiplier
As on June 30, 2010
PERFORMANCE SUMMARY
PORTFOLIO
FUND OBJECTIVE
To provide long-term capital appreciation from equity portfolio
predominantly invested in NIFTY scrips.
NAV***
Rs.
AUM (Rs. Million): 23,274.06
11.07
RISK PROFILE
Multiplier Fund
Multiplier Fund II
Multiplier Fund III
Multiplier Fund IV
9.85
10.85
Allocation in
Asset Allocation
11.03
Fund
EQUITY
DEBT AND OTHER CURRENT ASSETS & EQUIVALENT
97.89%
2.11%
ANNUALIZED RETURNS
TOTAL
100.00%
30.00%
Sector Allocation
Allocation as a
% in Equity
25.00%
18.23%
16.23%
20.00%
Risk
12.64%
9.26%
15.00%
7.27%
APPLICABLE PRODUCTS
10.00%
7.20%
Product
Multiplier
6.85%
LifeStage Regular Premium
LifeStage Assure
LifeTime Plus
LifeTime Gold
LifeTime Super
LifeTime II
LifeTime
PremierLife Gold
PremierLife
Wealth Advantage
LifeLink Super
LifeLink II
LifeLink
SmartKid New Unit Linked Regular Premium
SmartKid Unit Linked Regular Premium Plan II
SmartKid Unit Linked Regular Premium Plan
SmartKid New Unit Linked Single Premium
SmartKid Single Premium II
SmartKid Single Premium
Golden Years
IV
5.00%
6.84%
IV
2.68%
0.00%
II
2.64%
I
2.52%
-5.00%
I
2.35%
1 Year
Since inception
I
2.22%
I
OIL & GAS
BANKING
TECHNOLOGY
CAPITAL GOODS
METALS & MINERALS
CONSUMER
FINANCE
AUTO
INFRASTRUCTURE
EPC
TELECOM
CEMENT
PHARMA & HEALTHCARE
OTHERS
MEDIA
REAL ESTATE
1.51%
Multiplier
Benchmark
II
1.49%
II
0.06%
II
NAV GROWTH
III
II
12.00
Top 20 Equity Stocks
I
Allocation as a
% in Equity
11.00
II
8.33%
II
8.13%
10.00
II
8.10%
II
9.00
7.45%
II
6.37%
I
8.00
5.62%
II
5.45%
7.00
3.89%
DATE OF INCEPTION: Nov 26, 2007
6.00
3.30%
3.24%
5.00
ASSET ALLOCATION
2.94%
Indicative Portfolio Allocation
Max (%)
Min (%)
2.32%
4.00
Equity & equity related securities
Debt, Money Market & Cash
100 80
Nov-07
Jul-08
Mar-09
Nov-09
Jun-10
INFOSYS TECHNOLOGIES LTD.
H D F C BANK LTD.
RELIANCE INDUSTRIES LTD.
BHARAT HEAVY ELECTRICALS LTD.
I T C LTD.
AXIS BANK LTD.
OIL & NATURAL GAS CORPN. LTD.
STERLITE INDUSTRIES (INDIA) LTD.
TATA CONSULTANCY SERVICES LTD.
HOUSING DEVELOPMENT FINANCE CORPN. LTD.
MAHINDRA & MAHINDRA LTD.
BHARTI AIRTEL LTD.
LARSEN & TOUBRO LTD.
A B B LTD.
HERO HONDA MOTORS LTD.
JINDAL STEEL & POWER LTD.
MARUTI SUZUKI INDIA LTD.
SHRIRAM TRANSPORT FINANCE CO. LTD.
GAIL (INDIA) LTD.
JAGRAN PRAKASHAN LTD
1.91%
20 0
1.74%
Multiplier
Benchmark
1.70%
1.66%
BENCHMARK
1.62%
S&P CNX Nifty
1.52%
1.46%
1.45%
*** Last Declared NAV (June 30, 2010)
For full portfolio details please
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Expected return
Pension Funds InvestShield Funds ULIP Funds Balancer Protector Maximiser Preserver Multiplier RICH Flexi Balanced Flexi Growth
Pension Funds
InvestShield Funds
ULIP Funds
Balancer
Protector
Maximiser
Preserver
Multiplier
RICH
Flexi Balanced
Flexi Growth
RICH
As on June 30, 2010
PERFORMANCE SUMMARY
PORTFOLIO
FUND OBJECTIVE
To generate superior long-term returns from a diversified portfolio of
NAV***
Rs.
equity and equity related instruments of companies operating in four
AUM (Rs. Million): 25,562.99
13.42
important types of industries, viz., Resources, Investment-related,
13.67
Consumption-related and Human Capital leveraged industries.
R.I.C.H. Fund
R.I.C.H. Fund II
R.I.C.H. Fund III
R.I.C.H. Fund IV
13.44
Allocation in
Asset Allocation
13.67
Fund
RISK PROFILE
EQUITY
DEBT AND OTHER CURRENT ASSETS & EQUIVALENT
95.59%
4.41%
ANNUALIZED RETURNS
ANNUALIZED RETURNS
TOTAL
100.00%
30.00%
Allocation as a
Sector Allocation
% in Equity
25.00%
15.50%
14.23%
8.96%
20.00%
8.64%
Risk
8.44%
15.00%
8.07%
APPLICABLE PRODUCTS
7.75%
10.00%
6.36%
Product
RICH
LifeStage Regular Premium
LifeStage Assure
LifeTime Plus
LifeTime Gold
LifeTime Super
LifeTime II
LifeTime
PremierLife Gold
PremierLife
Wealth Advantage
LifeLink Super
LifeLink II
LifeLink
SmartKid New Unit Linked Regular Premium
SmartKid Unit Linked Regular Premium Plan II
SmartKid Unit Linked Regular Premium Plan
SmartKid New Unit Linked Single Premium
SmartKid Single Premium II
SmartKid Single Premium
Golden Years
IV
4.08%
5.00%
IV
4.07%
II
3.73%
I
0.00%
3.44%
I
1 Year
Since inception
OIL & GAS
BANKING
AUTO
TECHNOLOGY
FINANCE
METALS & MINERALS
CONSUMER
EPC
INFRASTRUCTURE
PHARMA & HEALTHCARE
CAPITAL GOODS
OTHERS
CEMENT
TELECOM
REAL ESTATE
MEDIA
BROKERS
FMCG
2.35%
I
1.66%
RICH
Benchmark
I
1.38%
II
0.59%
II
NAV GROWTH
0.42%
II
0.32%
14.00
III
Allocation as a
13.00
II
Top 20 Equity Stocks
% in Equity
I
12.00
7.92%
II
11.00
5.75%
I
5.12%
I
10.00
II
4.64%
9.00
I
4.60%
I
3.44%
8.00
II
3.17%
7.00
2.34%
6.00
2.29%
DATE OF INCEPTION: Mar 17, 2008
2.28%
5.00
Mar-08
Oct-08
May-09
Dec-09
Jun-10
2.16%
ASSET ALLOCATION
2.15%
Indicative Portfolio Allocation
Max (%)
RICH
Benchmark
Min (%)
2.11%
Equity & equity related securities
Debt, Money Market & Cash
100 80
20 0
RELIANCE INDUSTRIES LTD.
H D F C BANK LTD.
LARSEN & TOUBRO LTD.
I T C LTD.
HOUSING DEVELOPMENT FINANCE CORPN. LTD.
INFOSYS TECHNOLOGIES LTD.
AXIS BANK LTD.
MARUTI SUZUKI INDIA LTD.
BHARAT HEAVY ELECTRICALS LTD.
PUNJAB NATIONAL BANK
MAHINDRA & MAHINDRA LTD.
TATA CONSULTANCY SERVICES LTD.
OIL & NATURAL GAS CORPN. LTD.
TATA MOTORS LTD.
STERLITE INDUSTRIES (INDIA) LTD.
JINDAL STEEL & POWER LTD.
N T P C LTD.
DR. REDDY'S LABORATORIES LTD.
GAIL (INDIA) LTD.
CAIRN INDIA LTD.
2.06%
2.02%
1.90%
BENCHMARK
1.83%
BSE 100
1.75%
1.69%
1.56%
*** Last Declared NAV (June 30, 2010)
For full portfolio details please
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Expected return
Pension Funds InvestShield Funds ULIP Funds Balancer Protector Maximiser Preserver Multiplier RICH Flexi Balanced Flexi Growth
Pension Funds
InvestShield Funds
ULIP Funds
Balancer
Protector
Maximiser
Preserver
Multiplier
RICH
Flexi Balanced
Flexi Growth
Flexi Balanced
As on June 30, 2010
PERFORMANCE SUMMARY
PORTFOLIO
FUND OBJECTIVE
To achieve a balance between capital appreciation and stable returns
NAV***
Rs.
by investing in a mix of equity and equity related instruments of large,
AUM (Rs. Million): 2,633.88
Flexi Balanced Fund
Flexi Balanced Fund II
Flexi Balanced Fund III
Flexi Balanced Fund IV
13.81
mid and small cap companies and debt and debt related instruments.
14.53
13.68
Allocation in
RISK PROFILE
Asset Allocation
12.86
Fund
EQUITY
DEBT
OTHER CURRENT ASSETS AND EQUIVALENT
52.43%
42.10%
ANNUALIZED RETURNS
5.47%
TOTAL
100.00%
20.00%
Allocation as a
Top 5 SectorsIn Equity
% in Equity
15.00%
18.62%
13.64%
Risk
10.14%
10.00%
8.43%
APPLICABLE PRODUCTS
OIL & GAS
BANKING
OTHERS
CAPITAL GOODS
INFRASTRUCTURE
7.90%
Product
Flexi Balanced
5.00%
Allocation as a
LifeStage Regular Premium
LifeStage Assure
LifeTime Plus
LifeTime Gold
LifeTime Super
LifeTime II
LifeTime
PremierLife Gold
PremierLife
Wealth Advantage
LifeLink Super
LifeLink II
LifeLink
SmartKid New Unit Linked Regular Premium
SmartKid Unit Linked Regular Premium Plan II
SmartKid Unit Linked Regular Premium Plan
SmartKid New Unit Linked Single Premium
SmartKid Single Premium II
SmartKid Single Premium
Golden Years
IV
Top 10 Equity Stocks
% in Equity
IV
OIL & NATURAL GAS CORPN. LTD.
H D F C BANK LTD.
RELIANCE INDUSTRIES LTD.
MARUTI SUZUKI INDIA LTD.
AXIS BANK LTD.
GUJARAT STATE PETRONET LTD.
N T P C LTD.
LUPIN LTD.
TATA CONSULTANCY SERVICES LTD.
I T C LTD.
8.90%
II
0.00%
6.88%
I
1 Year
3 Year
Since inception
6.10%
I
I
4.35%
I
Flexi Balanced
Benchmark
3.76%
II
3.75%
II
3.66%
NAV GROWTH
II
3.49%
III
3.19%
15.00
II
2.92%
14.50
I
14.00
II
Debt Asset Allocation
Allocation in Fund
13.50
I
I
13.00
GOVERNMENT SECURITIES/ T BILLS
CORPORATE SECURITIES
8.20%
II
12.50
18.43%
II
15.42%
12.00
I
2.05%
11.50
II
AAA AND EQUIVALENT
AA+ AND EQUIVALENT
AA EQUIVALENT AND BELOW
0.96%
11.00
CORPORATE MONEY MARKET SECURITIES
12.63%
10.50
DATE OF INCEPTION: Mar 20, 2007
10.00
COMMERCIAL PAPER (P1+ AND
EQUIVALENT)
CERTIFICATE OF DEPOSIT (P1+ AND
EQUIVALENT)
12.63%
9.50
ASSET ALLOCATION
9.00
0.00%
Indicative Portfolio Allocation
Max (%)
Min (%)
8.50
FIXED DEPOSITS WITH BANKS
2.84%
Equity & equity related securities
Debt, Money Market & Cash
60 0
8.00
100 40
Mar-07
Jan-08
Nov-08
Sep-09
Jun-10
Flexi Balanced
Benchmark
BENCHMARK
Average Maturity of Debt Portfolio (Months)
Average Maturity of Debt Benchmark (Months)
Yield to Maturity of Debt Portfolio
46.06
39.2
7.09%
55% CNX 500 & 45% CRISIL Composite Bond Index
*** Last Declared NAV (June 30, 2010)
For full portfolio details please
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Expected return
Pension Funds InvestShield Funds ULIP Funds Balancer Protector Maximiser Preserver Multiplier RICH Flexi Balanced Flexi Growth
Pension Funds
InvestShield Funds
ULIP Funds
Balancer
Protector
Maximiser
Preserver
Multiplier
RICH
Flexi Balanced
Flexi Growth
Flexi Growth
As on June 30, 2010
PERFORMANCE SUMMARY
PORTFOLIO
FUND OBJECTIVE
To generate superior long-term returns from a diversified portfolio of
NAV***
Rs.
equity and equity related instruments of large, mid and small cap
AUM (Rs. Million): 71,517.87
14.66
companies.
15
14.61
Allocation in
RISK PROFILE
Flexi Growth Fund
Flexi Growth Fund II
Flexi Growth Fund III
Flexi Growth Fund IV
Asset Allocation
12.83
Fund
EQUITY
DEBT AND OTHER CURRENT ASSETS & EQUIVALENT
98.22%
1.78%
ANNUALIZED RETURNS
TOTAL
100.00%
30.00%
Allocation as a
Sector Allocation
% in Equity
19.17%
25.00%
15.91%
8.62%
20.00%
Risk
7.55%
7.12%
6.49%
15.00%
APPLICABLE PRODUCTS
6.30%
Product
Flexi Growth
5.90%
10.00%
LifeStage Regular Premium
LifeStage Assure
LifeTime Plus
LifeTime Gold
LifeTime Super
LifeTime II
LifeTime
PremierLife Gold
PremierLife
Wealth Advantage
LifeLink Super
LifeLink II
LifeLink
SmartKid New Unit Linked Regular Premium
SmartKid Unit Linked Regular Premium Plan II
SmartKid Unit Linked Regular Premium Plan
SmartKid New Unit Linked Single Premium
SmartKid Single Premium II
SmartKid Single Premium
Golden Years
IV
5.73%
IV
5.27%
II
5.00%
4.14%
I
2.69%
I
OIL & GAS
BANKING
TECHNOLOGY
CAPITAL GOODS
METALS & MINERALS
CONSUMER
EPC
INFRASTRUCTURE
AUTO
OTHERS
FINANCE
PHARMA & HEALTHCARE
CEMENT
TELECOM
MEDIA
REAL ESTATE
2.33%
0.00%
I
1.84%
I
1 Year
3 Year
Since inception
0.84%
II
Flexi Growth
Benchmark
0.09%
II
II
III
Allocation as a
NAV GROWTH
Top 20 Equity Stocks
II
% in Equity
I
19.00
7.44%
II
18.00
5.74%
I
17.00
5.31%
I
16.00
4.89%
II
15.00
4.24%
II
2.99%
I
14.00
II
2.93%
13.00
2.91%
12.00
2.80%
DATE OF INCEPTION: Mar 20, 2007
11.00
2.77%
10.00
2.42%
ASSET ALLOCATION
9.00
2.37%
Indicative Portfolio Allocation
Max (%)
Min (%)
8.00
2.05%
Equity & equity related securities
Debt, Money Market & Cash
100 80
7.00
1.86%
20 0
6.00
1.84%
Mar-07
Jan-08
Nov-08
Sep-09
Jun-10
BENCHMARK
Flexi Growth
Benchmark
S&P CNX 500
H D F C BANK LTD.
OIL & NATURAL GAS CORPN. LTD.
LARSEN & TOUBRO LTD.
RELIANCE INDUSTRIES LTD.
AXIS BANK LTD.
N T P C LTD.
I T C LTD.
MARUTI SUZUKI INDIA LTD.
GAIL (INDIA) LTD.
BHARAT HEAVY ELECTRICALS LTD.
OIL INDIA LTD.
INFOSYS TECHNOLOGIES LTD.
HOUSING DEVELOPMENT FINANCE CORPN. LTD.
KANSAI NEROLAC PAINTS LTD.
BHARTI AIRTEL LTD.
LUPIN LTD.
STERLITE INDUSTRIES (INDIA) LTD.
TATA CONSULTANCY SERVICES LTD.
GRASIM INDUSTRIES LTD.
VOLTAS LTD.
1.82%
1.78%
1.71%
1.57%
1.56%
*** Last Declared NAV (June 30, 2010)
For full portfolio details please
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Expected return
ULIP Funds InvestShield Funds Pension Funds Pension Balancer Pension Protector Pension Multiplier Pension RICH Pension Maximiser
ULIP Funds
InvestShield Funds
Pension Funds
Pension Balancer
Pension Protector
Pension Multiplier
Pension RICH
Pension Maximiser
Pension Flexi Balanced
Pension Preserver
Pension Flexi Growth
Pension Balancer
As on June 30, 2010
PERFORMANCE SUMMARY
PORTFOLIO
FUND OBJECTIVE
To provide a balance between long-term capital appreciation and
NAV***
Rs.
current income through investment in equity as well as fixed income
AUM (Rs. Million): 13,454.18
Pension Balancer Fund
Pension Balancer Fund II
30.67
instruments in appropriate proportions depending on market
22.56
conditions prevalent from time to time.
Allocation in
Asset Allocation
Fund
RISK PROFILE
EQUITY
DEBT
OTHER CURRENT ASSETS AND EQUIVALENT
37.73%
56.25%
ANNUALIZED RETURNS
6.02%
TOTAL
100.00%
16.00%
Allocation as a
14.00%
Top 5 Sectors in Equity
% in Equity
12.00%
OIL & GAS
BANKING
TECHNOLOGY
FINANCE
CONSUMER
15.71%
14.99%
10.00%
11.62%
Risk
8.00%
9.65%
8.03%
APPLICABLE PRODUCTS
6.00%
Product
Pension Balancer
4.00%
Allocation as a
Top 10 Equity Stocks
LifeStage Pension
LifeTime Super Pension
LifeTime Pension II
LifeTime Pension
PremierLife Pension
LifeLink Super Pension
LifeLink Pension II
LifeLink Pension
I
% in Equity
II
2.00%
9.27%
II
0.00%
9.01%
I
7.75%
II
3 Year
5 Year
Since inception
5.53%
II
Pension Balancer
Benchmark
4.87%
II
4.75%
I
NAV GROWTH
4.37%
32
4.00%
DATE OF INCEPTION: May 30, 2002
3.93%
30
RELIANCE INDUSTRIES LTD.
INFOSYS TECHNOLOGIES LTD.
H D F C BANK LTD.
LARSEN & TOUBRO LTD.
OIL & NATURAL GAS CORPN. LTD.
I T C LTD.
HOUSING DEVELOPMENT FINANCE CORPN. LTD.
ALLAHABAD BANK
BHARAT HEAVY ELECTRICALS LTD.
LUPIN LTD.
3.37%
28
ASSET ALLOCATION
26
Indicative Portfolio Allocation
Max (%)
Debt Asset Allocation
Allocation in Fund
Min (%)
Equity & equity related securities
Debt, Money Market & Cash
40 0
24
100 60
22
GOVERNMENT SECURITIES/ T BILLS
CORPORATE SECURITIES
11.84%
33.21%
28.25%
20
AAA AND EQUIVALENT
AA+ AND EQUIVALENT
AA EQUIVALENT AND BELOW
3.22%
BENCHMARK
18
1.73%
35% BSE 100 & 65% CRISIL Composite Bond Index
CORPORATE MONEY MARKET SECURITIES
6.68%
16
14
6.68%
12
COMMERCIAL PAPER (P1+ AND
EQUIVALENT)
CERTIFICATE OF DEPOSIT (P1+ AND
EQUIVALENT)
0.00%
10
FIXED DEPOSITS WITH BANKS
4.52%
8
May-02
Sep-03
Feb-05
Jun-06
Oct-07
Feb-09
Jun-10
Average Maturity of Debt Portfolio (Months)
Average Maturity of Debt Benchmark (Months)
Yield to Maturity of Debt Portfolio
53.08
39.2
Pension Balancer
Benchmark
7.32%
*** Last Declared NAV (June 30, 2010)
For full portfolio details please
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Expected return
ULIP Funds InvestShield Funds Pension Funds Pension Balancer Pension Protector Pension Multiplier Pension RICH Pension Maximiser
ULIP Funds
InvestShield Funds
Pension Funds
Pension Balancer
Pension Protector
Pension Multiplier
Pension RICH
Pension Maximiser
Pension Flexi Balanced
Pension Preserver
Pension Flexi Growth
Pension Protector
As on June 30, 2010
PERFORMANCE SUMMARY
PORTFOLIO
FUND OBJECTIVE
To provide accumulation of income through investment in various
NAV***
Rs.
fixed income securities. The fund seeks to provide capital appreciation
AUM (Rs. Million): 14,964.51
while maintaining a suitable balance between return, safety and
Pension Protector Fund
Pension Protector Fund II
17.6233
15.0032
liquidity.
Asset Allocation
Allocation in Fund
RISK PROFILE
GOVERNMENT SECURITIES/ T BILLS
CORPORATE SECURITIES
23.51%
46.81%
AAA AND EQUIVALENT
AA+ AND EQUIVALENT
AA EQUIVALENT AND BELOW
37.61%
ANNUALIZED RETURNS
6.48%
10.00%
2.72%
CORPORATE MONEY MARKET
SECURITIES
17.09%
8.00%
COMMERCIAL PAPER (P1+ AND
17.09%
6.00%
EQUIVALENT)
CERTIFICATE OF DEPOSIT (P1+
AND EQUIVALENT)
0.00%
Risk
7.86%
4.00%
APPLICABLE PRODUCTS
4.74%
Product
Pension Protector
FIXED DEPOSITS WITH BANKS
OTHER CURRENT ASSETS AND
EQUIVALENT
TOTAL
100.00%
2.00%
LifeStage Pension
LifeTime Super Pension
LifeTime Pension II
LifeTime Pension
PremierLife Pension
LifeLink Super Pension
LifeLink Pension II
LifeLink Pension
I
II
Allocation in
Portfolio by Maturity
II
Fund
0.00%
I
3 Year
5 Year
Since inception
II
II
Pension Protector
Benchmark
II
I
< 1 year
1-5 years
5-7 years
7-10 years
> 10 years
31.49%
42.88%
1.37%
11.43%
12.83%
NAV GROWTH
TOTAL
100.00%
DATE OF INCEPTION: May 31, 2002
18.50
18.00
17.50
ASSET ALLOCATION
17.00
Average Maturity of Debt Portfolio (Months)
Average Maturity of Debt Benchmark (Months)
Yield to Maturity of Debt Portfolio
50.31
39.2
7.25%
Indicative Portfolio Allocation
Max (%)
Min (%)
16.50
Equity & equity related securities
Debt, Money Market & Cash
0 0
16.00
100 100
15.50
15.00
*** Last Declared NAV (June 30, 2010)
14.50
BENCHMARK
14.00
CRISIL Composite Bond Index
13.50
13.00
12.50
12.00
11.50
11.00
10.50
10.00
May-02
Sep-03
Feb-05
Jun-06
Oct-07
Feb-09
Jun-10
Pension Protector
Benchmark
For full portfolio details please
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Expected return
ULIP Funds InvestShield Funds Pension Funds Pension Balancer Pension Protector Pension Maximiser Pension Multiplier Pension RICH
ULIP Funds
InvestShield Funds
Pension Funds
Pension Balancer
Pension Protector
Pension Maximiser
Pension Multiplier
Pension RICH
Pension Flexi Balanced
Pension Preserver
Pension Flexi Growth
Pension Maximiser
As on June 30, 2010
PERFORMANCE SUMMARY
PORTFOLIO
FUND OBJECTIVE
To generate long-term capital appreciation through investment
NAV***
Rs.
primarily in equity and equity-related instruments.
AUM (Rs. Million): 35,480.12
Pension Maximiser Fund
Pension Maximiser Fund II
65.88
37.99
Allocation in
RISK PROFILE
Asset Allocation
Fund
EQUITY
DEBT AND OTHER CURRENT ASSETS & EQUIVALENT
98.98%
1.02%
ANNUALIZED RETURNS
TOTAL
100.00%
30.00%
Allocation as a
Sector Allocation
% in Equity
25.00%
17.24%
15.72%
10.87%
20.00%
Risk
9.02%
8.64%
APPLICABLE PRODUCTS
15.00%
7.23%
6.60%
Product
Pension Maximiser
10.00%
4.78%
LifeStage Pension
LifeTime Super Pension
LifeTime Pension II
LifeTime Pension
PremierLife Pension
LifeLink Super Pension
LifeLink Pension II
LifeLink Pension
I
4.75%
II
4.22%
5.00%
II
2.70%
I
2.01%
II
0.00%
1.86%
II
3 Year
5 Year
Since inception
II
Pension Maximiser
Benchmark
I
OIL & GAS
BANKING
TECHNOLOGY
CAPITAL GOODS
METALS & MINERALS
AUTO
CONSUMER
FINANCE
PHARMA & HEALTHCARE
CEMENT
TELECOM
RETAIL
INFRASTRUCTURE
REAL ESTATE
EPC
BROKERS
OTHERS
1.40%
1.32%
1.08%
0.57%
DATE OF INCEPTION: May 31, 2002
NAV GROWTH
74.00
Allocation as a
Top 20 Equity Stocks
ASSET ALLOCATION
% in Equity
68.00
Indicative Portfolio Allocation
Max (%)
Min (%)
9.31%
62.00
Equity & equity related securities
Debt, Money Market & Cash
100 75
8.95%
25 0
8.00%
56.00
7.17%
50.00
4.76%
BENCHMARK
4.61%
44.00
BSE 100
4.18%
38.00
3.96%
32.00
3.84%
2.70%
26.00
2.63%
20.00
2.59%
2.54%
14.00
2.53%
8.00
2.22%
May-02
Sep-03
Feb-05
Jun-06
Oct-07
Feb-09
Jun-10
2.07%
2.01%
Pension Maximiser
Benchmark
RELIANCE INDUSTRIES LTD.
H D F C BANK LTD.
BHARAT HEAVY ELECTRICALS LTD.
INFOSYS TECHNOLOGIES LTD.
OIL & NATURAL GAS CORPN. LTD.
AXIS BANK LTD.
I T C LTD.
STERLITE INDUSTRIES (INDIA) LTD.
MAHINDRA & MAHINDRA LTD.
BHARTI AIRTEL LTD.
BAJAJ HOLDINGS & INVST. LTD.
TATA CONSULTANCY SERVICES LTD.
JINDAL STEEL & POWER LTD.
LUPIN LTD.
DR. REDDY'S LABORATORIES LTD.
SHRIRAM TRANSPORT FINANCE CO. LTD.
PANTALOON RETAIL (INDIA) LTD.
HERO HONDA MOTORS LTD.
A C C LTD.
DABUR INDIA LTD.
1.89%
1.66%
1.53%
*** Last Declared NAV (June 30, 2010)
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Expected return
ULIP Funds InvestShield Funds Pension Funds Pension Balancer Pension Protector Pension Preserver Pension Multiplier Pension RICH
ULIP Funds
InvestShield Funds
Pension Funds
Pension Balancer
Pension Protector
Pension Preserver
Pension Multiplier
Pension RICH
Pension Maximiser
Pension Flexi Balanced
Pension Flexi Growth
Pension Preserver
As on June 30, 2010
PERFORMANCE SUMMARY
PORTFOLIO
FUND OBJECTIVE
To provide suitable returns through low risk investments in debt and
NAV***
Rs.
money market instruments while attempting to protect the capital
AUM (Rs. Million): 2,830.40
Pension Preserver Fund
15.4236
deployed in the fund.
Asset Allocation
Allocation in Fund
RISK PROFILE
GOVERNMENT SECURITIES/ T BILLS
CORPORATE SECURITIES
0.00%
0.71%
ANNUALIZED RETURNS
AAA AND EQUIVALENT
AA+ AND EQUIVALENT
AA EQUIVALENT AND BELOW
0.71%
0.00%
0.00%
10.00%
CORPORATE MONEY MARKET SECURITIES
85.14%
8.00%
COMMERCIAL PAPER (P1+ AND
EQUIVALENT)
CERTIFICATE OF DEPOSIT (P1+
AND EQUIVALENT)
85.14%
0.00%
6.00%
Risk
FIXED DEPOSITS WITH BANKS
OTHER CURRENT ASSETS AND EQUIVALENT
13.33%
0.82%
APPLICABLE PRODUCTS
4.00%
TOTAL
100.00%
Product
Pension Preserver
Allocation in
LifeStage Pension
LifeTime Super Pension
LifeTime Pension II
LifeTime Pension
PremierLife Pension
LifeLink Super Pension
LifeLink Pension II
LifeLink Pension
2.00%
Portfolio by Maturity
Fund
99.98%
0.00%
3 Year
Since inception
Pension Preserver
Benchmark
< 1 YEAR
1- 5 YEARS
5 - 7 YEARS
7- 10 YEARS
> 10 YEARS
0.02%
0.00%
5 Year
0.00%
0.00%
TOTAL
100.00%
NAV GROWTH
6.24
DATE OF INCEPTION: May 17, 2004
15.50
Average Maturity of Debt Portfolio (Months)
Average Maturity of Debt Benchmark (Months)
Yield to Maturity of Debt Portfolio
2.23
6.37%
15.00
ASSET ALLOCATION
14.50
Indicative Portfolio Allocation
Max (%)
Min (%)
Equity & equity related securities
Debt instruments
Money Market & Cash
0 0
14.00
*** Last Declared NAV (June 30, 2010)
50 0
13.50
100 50
13.00
12.50
BENCHMARK
CRISIL Liquid Index
12.00
11.50
11.00
10.50
10.00
May-04
Nov-05
Jun-07
Dec-08
Jun-10
Pension Preserver
Benchmark
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Expected return
ULIP Funds InvestShield Funds Pension Funds Pension Balancer Pension Protector Pension Multiplier Pension RICH Pension Maximiser
ULIP Funds
InvestShield Funds
Pension Funds
Pension Balancer
Pension Protector
Pension Multiplier
Pension RICH
Pension Maximiser
Pension Flexi Balanced
Pension Preserver
Pension Flexi Growth
Pension Multiplier
As on June 30, 2010
PERFORMANCE SUMMARY
PORTFOLIO
FUND OBJECTIVE
To provide long-term capital appreciation from equity portfolio
NAV***
Rs.
predominantly invested in NIFTY scrips.
AUM (Rs. Million): 11,804.89
Pension Multiplier Fund
Pension Multiplier Fund II
10.77
11.01
Allocation in
RISK PROFILE
Asset Allocation
Fund
EQUITY
DEBT AND OTHER CURRENT ASSETS & EQUIVALENT
97.54%
2.46%
ANNUALIZED RETURNS
TOTAL
100.00%
30.00%
Allocation as a
Sector Allocation
% in Equity
25.00%
17.77%
17.75%
20.00%
12.93%
Risk
10.99%
9.46%
15.00%
APPLICABLE PRODUCTS
6.97%
Product
Pension Multiplier
6.95%
10.00%
LifeStage Pension
LifeTime Super Pension
LifeTime Pension II
LifeTime Pension
PremierLife Pension
LifeLink Super Pension
LifeLink Pension II
LifeLink Pension
I
5.60%
II
4.26%
5.00%
II
3.14%
I
2.61%
0.00%
II
OIL & GAS
BANKING
TECHNOLOGY
FINANCE
CONSUMER
EPC
AUTO
CAPITAL GOODS
METALS & MINERALS
INFRASTRUCTURE
CEMENT
PHARMA & HEALTHCARE
1.56%
1 Year
Since inception
II
Allocation as a
II
Top 20 Equity Stocks
Pension Multiplier
Benchmark
% in Equity
I
9.63%
8.87%
DATE OF INCEPTION: Feb 25, 2008
NAV GROWTH
7.84%
6.25%
ASSET ALLOCATION
11.00
6.05%
Indicative Portfolio Allocation
Max (%)
Min (%)
5.34%
Equity & equity related securities
Debt, Money Market & Cash
100 80
10.00
5.25%
4.87%
20 0
9.00
3.28%
BENCHMARK
8.00
2.50%
S&P CNX Nifty
2.42%
7.00
6.00
5.00
RELIANCE INDUSTRIES LTD.
INFOSYS TECHNOLOGIES LTD.
H D F C BANK LTD.
LARSEN & TOUBRO LTD.
I T C LTD.
AXIS BANK LTD.
HOUSING DEVELOPMENT FINANCE CORPN. LTD.
OIL & NATURAL GAS CORPN. LTD.
BHARAT HEAVY ELECTRICALS LTD.
MAHINDRA & MAHINDRA LTD.
RURAL ELECTRIFICATION CORPN. LTD.
TATA CONSULTANCY SERVICES LTD.
TATA TEA LTD.
PUNJAB NATIONAL BANK
MARUTI SUZUKI INDIA LTD.
ALLAHABAD BANK
JINDAL STEEL & POWER LTD.
STERLITE INDUSTRIES (INDIA) LTD.
WIPRO LTD.
HERO HONDA MOTORS LTD.
4.85%
2.42%
2.08%
1.95%
1.82%
1.77%
1.74%
4.00
1.64%
Feb-08
Sep-08
Apr-09
Nov-09
Jun-10
1.56%
Pension Multiplier
Benchmark
*** Last Declared NAV (June 30, 2010)
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Expected return
ULIP Funds InvestShield Funds Pension Funds Pension Balancer Pension Protector Pension Multiplier Pension RICH Pension Maximiser
ULIP Funds
InvestShield Funds
Pension Funds
Pension Balancer
Pension Protector
Pension Multiplier
Pension RICH
Pension Maximiser
Pension Flexi Balanced
Pension Preserver
Pension Flexi Growth
Pension RICH
As on June 30, 2010
PERFORMANCE SUMMARY
PORTFOLIO
FUND OBJECTIVE
To generate superior long-term returns from a diversified portfolio of
NAV***
Rs.
equity and equity related instruments of companies operating in four
AUM (Rs. Million): 40,206.78
Pension R.I.C.H. Fund
Pension R.I.C.H. Fund II
13.31
important types of industries viz., Resources, Investment-realted,
13.54
Consumption-related and Human Capital leveraged industries.
Allocation in
Asset Allocation
Fund
RISK PROFILE
EQUITY
DEBT AND OTHER CURRENT ASSETS & EQUIVALENT
90.19%
9.81%
ANNUALIZED RETURNS
TOTAL
100.00%
30.00%
Allocation as a
Sector Allocation
% in Equity
25.00%
17.56%
16.25%
20.00%
8.73%
8.28%
Risk
7.98%
15.00%
7.34%
APPLICABLE PRODUCTS
6.48%
10.00%
6.45%
Product
Pension RICH
6.23%
LifeStage Pension
LifeTime Super Pension
LifeTime Pension II
LifeTime Pension
PremierLife Pension
LifeLink Super Pension
LifeLink Pension II
LifeLink Pension
I
5.00%
4.69%
II
3.72%
II
0.00%
2.07%
I
1 Year
Since inception
BANKING
OIL & GAS
CONSUMER
FINANCE
AUTO
TECHNOLOGY
OTHERS
EPC
CAPITAL GOODS
METALS & MINERALS
INFRASTRUCTURE
PHARMA & HEALTHCARE
CEMENT
TELECOM
MEDIA
REAL ESTATE
2.03%
II
1.63%
II
Pension R.I.C.H
Benchmark
0.52%
II
I
0.05%
NAV GROWTH
14.00
DATE OF INCEPTION: Mar 17, 2008
Allocation as a
Top 20 Equity Stocks
% in Equity
13.00
ASSET ALLOCATION
7.41%
12.00
6.28%
Indicative Portfolio Allocation
Max (%)
Min (%)
5.62%
Equity & equity related securities
Debt, Money Market & Cash
100 80
11.00
5.25%
20 0
10.00
5.01%
4.12%
9.00
BENCHMARK
3.79%
8.00
BSE 200
3.23%
3.19%
7.00
2.81%
6.00
2.35%
2.30%
5.00
Mar-08
Oct-08
May-09
Dec-09
Jun-10
1.99%
1.89%
Pension R.I.C.H
Benchmark
H D F C BANK LTD.
RELIANCE INDUSTRIES LTD.
LARSEN & TOUBRO LTD.
HOUSING DEVELOPMENT FINANCE CORPN. LTD.
I T C LTD.
AXIS BANK LTD.
INFOSYS TECHNOLOGIES LTD.
MARUTI SUZUKI INDIA LTD.
GAIL (INDIA) LTD.
STATE BANK OF INDIA
BHARAT HEAVY ELECTRICALS LTD.
OIL INDIA LTD.
TATA CONSULTANCY SERVICES LTD.
HINDUSTAN UNILEVER LTD.
TATA CHEMICALS LTD.
HERO HONDA MOTORS LTD.
A B B LTD.
HINDUSTAN PETROLEUM CORPN. LTD.
JINDAL STEEL & POWER LTD.
BHARTI AIRTEL LTD.
1.85%
1.76%
1.75%
1.61%
1.58%
1.49%
*** Last Declared NAV (June 30, 2010)
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Expected return
ULIP Funds InvestShield Funds Pension Funds Pension Balancer Pension Protector Pension Maximiser Pension Multiplier Pension RICH
ULIP Funds
InvestShield Funds
Pension Funds
Pension Balancer
Pension Protector
Pension Maximiser
Pension Multiplier
Pension RICH
Pension Flexi Balanced
Pension Preserver
Pension Flexi Growth
Pension Flexi Balanced
As on June 30, 2010
PERFORMANCE SUMMARY
PORTFOLIO
FUND OBJECTIVE
To achieve a balance between capital appreciation and stable returns
NAV***
Rs.
by investing in a mix of equity and equity related instruments of large,
AUM (Rs. Million): 2,567.00
Pension Flexi Balanced Fund
Pension Flexi Balanced Fund II
14.25
mid and small cap companies and debt and debt related instruments.
14.55
Allocation in
Asset Allocation
Fund
RISK PROFILE
EQUITY
DEBT
OTHER CURRENT ASSETS AND EQUIVALENT
52.55%
40.63%
ANNUALIZED RETURNS
6.81%
TOTAL
100.00%
20.00%
Allocation as a
Top 5 Sectors in Equity
% in Equity
15.00%
16.16%
11.58%
Risk
11.17%
10.00%
11.13%
APPLICABLE PRODUCTS
OIL & GAS
OTHERS
CAPITAL GOODS
BANKING
INFRASTRUCTURE
8.55%
Product
Pension Flexi Balanced
5.00%
Allocation as a
LifeStage Pension
LifeTime Super Pension
LifeTime Pension II
LifeTime Pension
PremierLife Pension
LifeLink Super Pension
LifeLink Pension II
LifeLink Pension
I
Top 10 Equity Stocks
% in Equity
II
II
7.29%
I
7.04%
0.00%
II
6.17%
1 Year
3 Year
Since inception
II
BHARAT HEAVY ELECTRICALS LTD.
OIL & NATURAL GAS CORPN. LTD.
RELIANCE INDUSTRIES LTD.
H D F C BANK LTD.
RALLIS INDIA LTD.
N T P C LTD.
AXIS BANK LTD.
LUPIN LTD.
TATA CONSULTANCY SERVICES LTD.
TATA POWER CO. LTD.
5.09%
II
Pension Flexi Balanced
Benchmark
4.56%
I
3.88%
3.79%
NAV GROWTH
3.12%
DATE OF INCEPTION: Mar 20, 2007
2.86%
15.00
2.65%
ASSET ALLOCATION
14.50
Indicative Portfolio Allocation
Max (%)
Min (%)
14.00
Debt Asset Allocation
Allocation in Fund
Equity & equity related securities
Debt, Money Market & Cash
60 0
13.50
7.97%
100 40
13.00
GOVERNMENT SECURITIES/ T BILLS
CORPORATE SECURITIES
14.81%
12.50
BENCHMARK
12.00
55% CNX 500 & 45% CRISIL Composite Bond Index
AAA AND EQUIVALENT
AA+ AND EQUIVALENT
AA EQUIVALENT AND BELOW
12.30%
2.02%
0.50%
11.50
CORPORATE MONEY MARKET SECURITIES
10.30%
11.00
10.50
10.00
9.50
COMMERCIAL PAPER (P1+ AND
EQUIVALENT)
CERTIFICATE OF DEPOSIT (P1+
AND EQUIVALENT)
10.30%
0.00%
FIXED DEPOSITS WITH BANKS
7.56%
9.00
8.50
8.00
Average Maturity of Debt Portfolio (Months) 45.09
Mar-07
Jan-08
Nov-08
Sep-09
Jun-10
Average Maturity of Benchmark (Months)
Yield to Maturity of Debt Portfolio
7.19
7.19%
Pension Flexi Balanced
Benchmark
*** Last Declared NAV (June 30, 2010)
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Expected return
ULIP Funds InvestShield Funds Pension Funds Pension Balancer Pension Protector Pension Multiplier Pension RICH Pension Maximiser
ULIP Funds
InvestShield Funds
Pension Funds
Pension Balancer
Pension Protector
Pension Multiplier
Pension RICH
Pension Maximiser
Pension Flexi Balanced
Pension Preserver
Pension Flexi Growth
Pension Flexi Growth
As on June 30, 2010
PERFORMANCE SUMMARY
PORTFOLIO
FUND OBJECTIVE
To generate superior long-term returns from a diversified portfolio of
NAV***
Rs.
equity and equity related instruments of large, mid and small cap
AUM (Rs. Million): 62,180.66
14.39
companies.
Pension Flexi Growth Fund
Pension Flexi Growth Fund II
14.77
Allocation in
Asset Allocation
Fund
RISK PROFILE
EQUITY
DEBT AND OTHER CURRENT ASSETS & EQUIVALENT
97.69%
2.31%
ANNUALIZED RETURNS
TOTAL
100.00%
35.00%
Allocation as a
Sector Allocation
% in Equity
30.00%
17.84%
14.04%
25.00%
8.40%
7.85%
Risk
7.84%
20.00%
7.68%
APPLICABLE PRODUCTS
7.44%
15.00%
Product
Pension Flexi Growth
6.17%
LifeStage Pension
LifeTime Super Pension
LifeTime Pension II
LifeTime Pension
PremierLife Pension
LifeLink Super Pension
LifeLink Pension II
LifeLink Pension
I
II
10.00%
OIL & GAS
BANKING
CAPITAL GOODS
OTHERS
CONSUMER
METALS & MINERALS
INFRASTRUCTURE
AUTO
TECHNOLOGY
EPC
FINANCE
CEMENT
TELECOM
PHARMA & HEALTHCARE
MEDIA
BROKERS
REAL ESTATE
5.96%
5.29%
II
4.45%
I
5.00%
2.66%
II
1.67%
II
0.00%
1.64%
II
0.59%
1 Year
3 Year
Since inception
I
0.40%
Pension Flexi Growth
Benchmark
0.07%
DATE OF INCEPTION: Mar 20, 2007
Allocation as a
NAV GROWTH
Top 20 Equity Stocks
% in Equity
ASSET ALLOCATION
19.00
6.22%
Indicative Portfolio Allocation
Max (%)
Min (%)
5.28%
18.00
Equity & equity related securities
Debt, Money Market & Cash
100 80
5.03%
17.00
20 0
4.73%
16.00
3.83%
15.00
2.85%
BENCHMARK
2.82%
S&P CNX 500
14.00
H D F C BANK LTD.
OIL & NATURAL GAS CORPN. LTD.
LARSEN & TOUBRO LTD.
RELIANCE INDUSTRIES LTD.
AXIS BANK LTD.
I T C LTD.
MARUTI SUZUKI INDIA LTD.
BHARAT HEAVY ELECTRICALS LTD.
N T P C LTD.
GAIL (INDIA) LTD.
INFOSYS TECHNOLOGIES LTD.
OIL INDIA LTD.
KANSAI NEROLAC PAINTS LTD.
STERLITE INDUSTRIES (INDIA) LTD.
BHARTI AIRTEL LTD.
HOUSING DEVELOPMENT FINANCE CORPN. LTD.
TATA CONSULTANCY SERVICES LTD.
STATE BANK OF INDIA
VOLTAS LTD.
SUTLUJ JAL VIDYUT NIGAM LIMITED
2.75%
13.00
2.73%
12.00
2.69%
11.00
2.07%
2.04%
10.00
1.87%
9.00
1.81%
8.00
1.67%
7.00
1.63%
1.56%
6.00
1.55%
Mar-07
Jan-08
Nov-08
Sep-09
Jun-10
1.42%
Pension Flexi Growth
Benchmark
1.40%
*** Last Declared NAV (June 30, 2010)
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Expected return
ULIP Funds Pension Funds InvestShield Funds InvestShield Cash InvestShield Life InvestShield Pension InvestShield Life - New
ULIP Funds
Pension Funds
InvestShield Funds
InvestShield Cash
InvestShield Life
InvestShield Pension
InvestShield Life - New
InvestShield Cash
As on June 30, 2010
PERFORMANCE SUMMARY
PORTFOLIO
FUND OBJECTIVE
The investment objective of this Plan is to provide accumulation of
NAV***
Rs.
income through investment in various fixed income securities. In
AUM (Rs. Million): 5,259.11
15.6585
addition to protecting the capital, the Plan seeks to provide capital
Cash Plus Fund
Cash Plus Fund II
14.9715
appreciation while maintaining suitable balance between return,
Asset Allocation
Allocation in Fund
safety and liquidity.
GOVERNMENT SECURITIES/ T BILLS
CORPORATE SECURITIES
26.17%
52.31%
RISK PROFILE
ANNUALIZED RETURNS
10.14%
10.00%
AAA AND EQUIVALENT
AA+ AND EQUIVALENT
AA EQUIVALENT AND BELOW
40.10%
2.08%
9.00%
CORPORATE MONEY MARKET SECURITIES
9.80%
8.00%
7.00%
6.00%
COMMERCIAL PAPER (P1+
AND EQUIVALENT)
CERTIFICATE OF DEPOSIT (P1+
AND EQUIVALENT)
9.80%
0.00%
5.00%
5.18%
4.00%
Risk
3.00%
FIXED DEPOSITS WITH BANKS
OTHER CURRENT ASSETS AND
EQUIVALENT
6.54%
2.00%
APPLICABLE PRODUCTS
TOTAL
100.00%
1.00%
Product
InvestShield Cash
0.00%
InvestShield Cash
Allocation in
3 Year
5 Year
Since inception
Portfolio By Maturity
Fund
InvestShield Cash
Benchmark
< 1 year
1-5 years
5-7 years
7-10 years
> 10 years
24.97%
47.31%
DATE OF INCEPTION: Jan 3, 2005
2.08%
NAV GROWTH
11.84%
ASSET ALLOCATION
13.80%
Indicative Portfolio Allocation
Max (%)
Min (%)
15.00
TOTAL
100.00%
Equity & equity related securities
Debt, Money Market & Cash
0 0
100 100
53.63
39.2
14.00
BENCHMARK
Average Maturity of Debt Portfolio (Months)
Average Maturity of Debt Benchmark (Months)
Yield to Maturity of Debt Portfolio
7.36%
CRISIL Composite Bond Index
13.00
*** Last Declared NAV (June 30, 2010)
12.00
11.00
10.00
Jan-05
Feb-06
Mar-07
Apr-08
May-09
Jun-10
InvestShield Cash
Benchmark
For full portfolio details please
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Expected return
ULIP Funds Pension Funds InvestShield Funds InvestShield Cash InvestShield Life InvestShield Pension InvestShield Life - New
ULIP Funds
Pension Funds
InvestShield Funds
InvestShield Cash
InvestShield Life
InvestShield Pension
InvestShield Life - New
InvestShield Life
As on June 30, 2010
PERFORMANCE SUMMARY
PORTFOLIO
FUND OBJECTIVE
To provide a balanced investment between long-term capital
NAV***
Rs.
appreciation and current income while protecting the capital.
AUM (Rs. Million): 1,676.13
Invest sheild Fund - Life
18.32
Investment will be in fixed income instruments as well as equity in
appropriate proportions, depending on market conditions prevalent
Allocation in
from time to time.
Asset Allocation
Fund
EQUITY
DEBT
OTHER CURRENT ASSETS AND EQUIVALENT
27.82%
RISK PROFILE
66.29%
ANNUALIZED RETURNS
5.89%
TOTAL
100.00%
14.00%
Allocation as a
Top 5 Sectors in Equity
12.00%
% in Equity
BANKING
OIL & GAS
TECHNOLOGY
CAPITAL GOODS
FINANCE
16.36%
10.00%
14.71%
10.59%
8.00%
10.22%
Risk
9.63%
6.00%
APPLICABLE PRODUCTS
4.00%
Allocation as a
Top 10 Equity Stocks
% in Equity
Product
InvestShield Life
2.00%
InvestShield Life
8.76%
InvestShield Gold
7.63%
0.00%
6.94%
3 Year
5 Year
Since inception
5.61%
DATE OF INCEPTION: Jan 3, 2005
InvestShield Life
Benchmark
5.24%
ASSET ALLOCATION
4.73%
Indicative Portfolio Allocation
Max (%)
Min (%)
NAV GROWTH
4.16%
Equity & equity related securities
Debt, Money Market & Cash
30 0
4.12%
18.00
100 70
RELIANCE INDUSTRIES LTD.
INFOSYS TECHNOLOGIES LTD.
H D F C BANK LTD.
LARSEN & TOUBRO LTD.
TATA TEA LTD.
AXIS BANK LTD.
BHARAT HEAVY ELECTRICALS LTD.
OIL & NATURAL GAS CORPN. LTD.
HOUSING DEVELOPMENT FINANCE CORPN. LTD.
RURAL ELECTRIFICATION CORPN. LTD.
5.33%
3.96%
17.50
17.00
BENCHMARK
Debt Asset Allocation
Allocation in Fund
16.50
25% BSE 100 & 75% CRISIL Composite Bond Index
16.00
15.50
GOVERNMENT SECURITIES/ T BILLS
CORPORATE SECURITIES
13.26%
34.84%
15.00
AAA AND EQUIVALENT
AA+ AND EQUIVALENT
AA EQUIVALENT AND BELOW
28.63%
14.50
4.47%
14.00
1.74%
13.50
CORPORATE MONEY MARKET SECURITIES
13.40%
13.00
12.50
COMMERCIAL PAPER (P1+
AND EQUIVALENT)
CERTIFICATE OF DEPOSIT (P1+
AND EQUIVALENT)
13.40%
12.00
11.50
0.00%
11.00
FIXED DEPOSITS WITH BANKS
4.79%
10.50
10.00
49.69
9.50
39.2
Jan-05
Feb-06
Mar-07
Apr-08
May-09
Jun-10
Average Maturity of Debt Portfolio (Months)
Average Maturity of Debt Benchmark (Months)
Yield to Maturity of Debt Portfolio
7.28%
InvestShield Life
Benchmark
*** Last Declared NAV (June 30, 2010)
For full portfolio details please
Click Here
Expected return
ULIP Funds Pension Funds InvestShield Funds InvestShield Cash InvestShield Life InvestShield Pension InvestShield Life - New
ULIP Funds
Pension Funds
InvestShield Funds
InvestShield Cash
InvestShield Life
InvestShield Pension
InvestShield Life - New
InvestShield Pension
As on June 30, 2010
PERFORMANCE SUMMARY
PORTFOLIO
FUND OBJECTIVE
To provide a balanced investment between long-term capital
NAV***
Rs.
appreciation and current income while protecting the capital.
AUM (Rs. Million): 335.12
InvestShield Pension
18.58
Investment will be in fixed income instruments as well as equity in
appropriate proportions, depending on market conditions prevalent
Allocation in
from time to time.
Asset Allocation
Fund
27.18%
RISK PROFILE
68.53%
ANNUALIZED RETURNS
EQUITY
DEBT
OTHER CURRENT ASSETS AND EQUIVALENT
4.29%
TOTAL
100.00%
14.00%
Allocation as a
Top 5 Sectors in Equity
12.00%
% in Equity
BANKING
OIL & GAS
CAPITAL GOODS
FINANCE
TECHNOLOGY
17.80%
10.00%
16.94%
12.87%
8.00%
8.76%
Risk
7.66%
6.00%
APPLICABLE PRODUCTS
4.00%
Allocation as a
Top 10 Equity Stocks
% in Equity
Product
InvestShield Pensioin
2.00%
InvestShield Pension
9.63%
7.84%
0.00%
6.74%
3 Year
5 Year
Since inception
5.83%
DATE OF INCEPTION: Jan 3, 2005
InvestShield Pension
Benchmark
RELIANCE INDUSTRIES LTD.
H D F C BANK LTD.
INFOSYS TECHNOLOGIES LTD.
BHARAT HEAVY ELECTRICALS LTD.
LARSEN & TOUBRO LTD.
AXIS BANK LTD.
HOUSING DEVELOPMENT FINANCE CORPN. LTD.
STERLITE INDUSTRIES (INDIA) LTD.
TATA TEA LTD.
CUMMINS INDIA LTD.
5.72%
4.77%
ASSET ALLOCATION
4.40%
NAV GROWTH
Indicative Portfolio Allocation
Max (%)
Min (%)
4.29%
Equity & equity related securities
Debt, Money Market & Cash
30 0
19.00
3.18%
100 70
18.50
3.16%
18.00
17.50
BENCHMARK
Debt Asset Allocation
Allocation in Fund
17.00
16.50
25% BSE 100 & 75% CRISIL Composite Bond Index
GOVERNMENT SECURITIES/ T BILLS
CORPORATE SECURITIES
13.31%
16.00
32.65%
15.50
15.00
14.50
14.00
AAA AND EQUIVALENT
AA+ AND EQUIVALENT
AA EQUIVALENT AND BELOW
27.09%
3.78%
1.77%
13.50
CORPORATE MONEY MARKET SECURITIES
14.48%
13.00
12.50
COMMERCIAL PAPER (P1+
AND EQUIVALENT)
CERTIFICATE OF DEPOSIT (P1+
AND EQUIVALENT)
14.48%
12.00
11.50
11.00
0.00%
10.50
FIXED DEPOSITS WITH BANKS
8.09%%
10.00
9.50
47.26
Jan-05
Feb-06
Mar-07
Apr-08
May-09
Jun-10
Average Maturity of Debt Portfolio (Months)
Average Maturity of Debt Benchmark (Months)
Yield to Maturity of Debt Portfolio
39.2
InvestShield Pension
Benchmark
7.25%
*** Last Declared NAV (June 30, 2010)
For full portfolio details please
Click Here
Expected return
ULIP Funds Pension Funds InvestShield Funds InvestShield Cash InvestShield Life InvestShield Pension InvestShield Life - New
ULIP Funds
Pension Funds
InvestShield Funds
InvestShield Cash
InvestShield Life
InvestShield Pension
InvestShield Life - New
New InvestShield
As on June 30, 2010
PERFORMANCE SUMMARY
PORTFOLIO
FUND OBJECTIVE
To provide a balanced investment between long-term capital
NAV***
Rs.
appreciation and current income while protecting the capital.
AUM (Rs. Million): 2,288.38
New Invest Shield Balanced Fund
15.47
Investment will be in fixed income instruments as well as equity in
appropriate proportions, depending on market conditions prevalent
Allocation in
from time to time.
Asset Allocation
Fund
EQUITY
DEBT
OTHER CURRENT ASSETS AND EQUIVALENT
37.70%
RISK PROFILE
58.62%
ANNUALIZED RETURNS
3.68%
TOTAL
100.00%
18.00%
Allocation as a
16.00%
Top 5 Sectors in Equity
% in Equity
14.00%
18.14%
12.00%
13.95%
11.33%
10.00%
9.92%
Risk
8.00%
OIL & GAS
BANKING
CAPITAL GOODS
TECHNOLOGY
CONSUMER
7.83%
6.00%
APPLICABLE PRODUCTS
Allocation as a
Top 10 Equity Stocks
4.00%
% in Equity
Product
New InvestShield
InvestShield Life New
2.00%
9.09%
7.30%
0.00%
6.95%
1 Year
3 Year
Since inception
RELIANCE INDUSTRIES LTD.
INFOSYS TECHNOLOGIES LTD.
H D F C BANK LTD.
LARSEN & TOUBRO LTD.
BHARAT HEAVY ELECTRICALS LTD.
AXIS BANK LTD.
OIL & NATURAL GAS CORPN. LTD.
I T C LTD.
CUMMINS INDIA LTD.
HOUSING DEVELOPMENT FINANCE CORPN. LTD.
5.56%
DATE OF INCEPTION: Aug 21, 2006
New InvestShield
Benchmark
4.82%
4.65%
ASSET ALLOCATION
4.44%
Indicative Portfolio Allocation
Max (%)
Min (%)
NAV GROWTH
4.32%
Equity & equity related securities
Debt, Money Market & Cash
40 0
3.09%
100 60
16.00
2.98%
15.50
15.00
BENCHMARK
Debt Asset Allocation
Allocation in Fund
14.50
35% BSE 100 & 65% CRISIL Composite Bond Index
14.00
GOVERNMENT SECURITIES/ T BILLS
CORPORATE SECURITIES
11.51%
28.44%
13.50
13.00
12.50
AAA AND EQUIVALENT
AA+ AND EQUIVALENT
AA EQUIVALENT AND BELOW
22.15%
4.30%
1.99%
12.00
CORPORATE MONEY MARKET SECURITIES
14.59%
11.50
11.00
10.50
10.00
COMMERCIAL PAPER (P1+ AND
EQUIVALENT)
CERTIFICATE OF DEPOSIT (P1+ AND
EQUIVALENT)
14.59%
0.00%
9.50
FIXED DEPOSITS WITH BANKS
4.08%
Aug-06
Jun-07
Mar-08
Dec-08
Sep-09
Jun-10
New InvestShield
Benchmark
Average Maturity of Debt Portfolio (Months)
Average Maturity of Debt Benchmark (Months)
Yield to Maturity of Debt Portfolio
47.92
39.2
7.2%
*** Last Declared NAV (June 30, 2010)
For full portfolio details please
Click Here
Expected return
InvestShield Pension InvestShield Cash InvestShield Life New Life LifeStage Elite Assure Pension II InvestShield Pension LifeLink
InvestShield Pension
InvestShield
Cash
InvestShield
Life New Life
LifeStage Elite
Assure
Pension
II InvestShield
Pension
LifeLink
Pension
LifeLink
Pension
LifeLink
Super
Pension
Premierlife
Pension
LifeTime
Pension
LifeTime
Pension
II
LifeTime
Super
Pension
LifeStage
Pension
Golden
ULIP Funds
Pension Funds
InvestShield Funds
SmartKid
Single
Premium
II Years
SmartKid
Single
Premium
Performance Summary
Find your Fund
The Investment Team Advises
SmartKid
New
Single
Premium
5 Mantras of Financial Freedom
How we Manage your Money
Glossary of Terms
SmartKid
Unitlinked
Regular
Premium
Plan
II UnitLinked
Product - Fund Matrix
SmartKid
Unitlinked
Regular
Premium
Plan
SmartKid
New
Unitlinked
Regular
Premium
LifeLink
LifeLink
II
LifeLink
Super
Wealth
Advantage
Premier
Life
Premier
Life
Gold
LifeTime
LifeTime
II
LifeTime
Super
Gold
Life LifeTime
Time
plus
Balancer
IV
IV
II
I
I
I
I
II
II
II
III
II
I
II
II
I
II
I
I
II
LifeStage
Assure
Protector
IV
IV
II
I
I
I
I
II
II
II
III
II
I
II
II
I
II
I
I
II
LifeStage Regular
Premium
Maximiser
IV
II
I
I
I
II
II
III
II
I
II
II
I
II
I
I
II
Preserver
IV
IV
I
I
I
I
I
II
I
I
III
I
I
I
I
I
I
I
I
I
Multipiler
IV
IV
II
I
I
I
I
II
II
II
III
II
I
II
II
II
II
II
I
II
RICH
IV
IV
II
I
I
I
I
II
II
II
III
II
I
II
II
I
II
I
I
II
Flexi Balanced
IV
IV
II
I
I
I
I
II
II
II
III
II
I
II
II
I
II
II
I
II
Flexi Growth
IV
IV
II
I
I
I
I
II
II
II
III
II
I
II
II
I
II
II
I
II
Pension Balancer
I
II
II
I
II
II
II
I
II
II
Pension Protector
I
II
II
I
II
II
II
I
II
II
Pension Maximiser
I
II
II
I
II
II
II
I
Pension Preserver
I
I
I
I
I
I
I
I
I
I
Pension Multiplier
I
II
II
I
II
II
II
I
II
II
Pension RICH
I
II
II
I
II
II
II
I
II
II
Pension Flexi Balanced
I
II
II
I
II
II
II
I
II
II
Pension Flexi Growth
I
II
II
I
II
II
II
I
II
II
InvestShield Life - New
InvestShield Life
InvestShield Cash
InvestShield Pension
I, II, III, IV refer to the fund series of the respective fund applicable to the product
ULIP Funds Pension Funds InvestShield Funds Performance Summary Find your Fund The Investment Team Advises 5
ULIP Funds
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InvestShield Funds
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The Investment Team Advises
5 Mantras of Financial Freedom
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Glossary of Terms
The Investment Team
Advises
Overall Advice
ICICI Prudential Highlights
With volatility expected to continue in the near future, ATS may be used for any new
investments.
We are one of the market leaders in the Indian private life insurance space
We currently have over Rs. 59,000 cr (as on June 30, 2010) in assets under management.
• For existing investments, determine your risk profile and optimal asset allocation if not
already done so. Determine the current asset allocation of your overall investment
portfolio. Make suitable adjustment to your portfolio to bring it in line with your
optimal asset allocation. You can use Switch or ATS facilities to easily adjust your
asset allocation.
We are capitalized at Rs. 4,780 cr (as on June 30,2010) making us one of India's highest
capitalized companies across sectors
Investment Team
Mr. Manish Kumar
Mr. Jitendra Arora
Senior Vice President and
Head - Investments
Vice President and
Fund Manager - Fixed Income
Mr. Arun Srinivasan
Mr. Lakshmikanth Reddy
Vice President and Fund
Manager - Fixed Income
Senior Vice President and
Fund Manager - Head of Equity
Ms. Meghana Baji
Vice President - Investment
and Risk Management
ULIP Funds Pension Funds InvestShield Funds Performance Summary Find your Fund The Investment Team Advises 5
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The Investment Team Advises
5 Mantras of Financial Freedom
How we Manage your Money
Glossary of Terms
The 5 Mantras of
Financial Freedom
Goal Based Investing
Managing one's financial investments may appear very complicated given all the confusing
advice around and the jargon people often use.
We will give you an overview of how we
manage the complex part on the next page. Here, we discuss the critical few things you need to
keep in mind. Think of them as your mantras of financial freedom.
Start Early, Stay Long Term
We all invest with certain goals in mind which can range
from buying a car, to children’s higher education, to
retirement. It is important to recognize these goals and
build a plan suitable for each. One needs to particularly
take note of the time horizon and level of risk one can take
for each of these goals. For instance, if next year one plans
to send his daughter to a foreign university, he cannot
take any risks and it would be best to invest in something
like a fixed deposit. Conversely with something like
retirement, this if a long time away, one must have some
exposure to equities since one can tolerate short term
volatility for better returns in the long run.
While most of us know this, few recognize the incredible
‘power of compounding' that forms the basis of this
maxim. For example, a person who invests Rs. 2 lac each
year for 30 years and another person who invests Rs. 3 lac
each year for 20 years would both have invested Rs. 60
lacs. However, at 10% rate of return, the first person will
end up with over Rs. 3.6 crore and the second person with
not even Rs. 1.9 crore, a difference of almost 50% ! The
messege is clear, resist the temptation to splurge today.
Go that extra mile to invest whatever you can as early as
you can. Your Golden Years depend on it!
Regular Investments
Asset Allocation
This is another piece of advice that we hear very often and
which has its basis in a key concept called ‘rupee cost
averaging’. The simple fact to recognize is that no one can
consistently time the market. In fact we make things
worse by trying to time the market, because our
psychology is such that we generally invest more when
markets are high and everybody is cheerful, and likewise
become fearful and invest less when markets are low,
whereas we should be doing the opposite! Rupee Cost Averaging implies that by sticking to a
systematic plan of investing regularly, say every month or quarter, we minimize the risk of
entering the market when it is at its peak or missing our when valuations are at their most
attractive. The Automatic Transfer Strategy (ATS) is an ideal tool to ensure regular investments.
This is a key decision to be taken and is responsible
for attaining the significant returns that one gets
over a long period of time. Asset allocation basically
refers to the balance an investor maintains between
his or her exposure to debt and equity instruments.
The greater a person's risk taking ability the more
investments he should assign to equity, and the
higher will be the returns he will potentially make in
the long-run. Risk appetite in turn depends on
factors like age, income, dependants, investment horizon, inherent risk appetite, etc. Based on
these parameters, an investor may calculate his optimal asset allocation using the calculator on
our website. One should invest sticking closely to this asset allocation. Every quarter, asset
allocation of one's investments should be reviewed and the fund switch feature should be used
to bring asset allocation back in line with optimal asset allocation. Through this mechanism,
one systematically invests more in equities when markets are low and less when markets are
high, thus generating superior returns in the long run without worrying about things like
timing the market.
Cover Your Financial Risks
We have all heard stories from friends or relatives about
how a sudden illness or death completely degraded the
lifestyle of someone they knew. Some of us take the
cavalier attitude “Oh that will never happen to me”.
Likewise there will be others who worry excessively and
become victims of fear keeping their savings in liquid
assets thus foregoing higher returns. Of course, the smart
ones insure away all their risks, and their fears. For a fee
(premium), insurance companies can insure against
almost all risks such as death, illness, accidental disability, even house theft or fire. It is
important to adequately cover the financial risks and live a life free from the burden of fear or
low yielding ‘emergency funds’. For more details on how much life cover you need use the
human life value calculator on our website.
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5 Mantras of Financial Freedom
How we Manage your Money
Glossary of Terms
How we go about
Managing your Money
The cornerstone of our investment philosophy is the investment policy put in place by our board's investment committee keeping in mind policyholders' long-term interests and regulatory
norms. Following are some of the salient features of our investment philosophy as detailed in this charter:
Process-driven approach to investments:
Every fund has a defined investment objective,
a benchmark suitable to the objective and pre-
decided style of investing so that fund
performance is not a function only of a specific
fund manager's skill but rather an outcome of
policy defined features.
Policyholders in insurance
products commit money
for the long-term and the
investment performance
cannot be purely subject
to a spe c ifi c
fund
m a n a g e r' s
s
k i
l
l
o r
competence who may or
Superior risk adjusted returns: The investment
policy has well defined limits on permissible risks
that can be taken even as it gives freedom to fund
managers to out perform the relevant benchmarks.
The idea is not only to earn high returns but to do so
without taking high risks. We have a qualified and
experienced team of fund
managers who continuously
analyze the factors affecting
market movements like
economic fundamentals,
institutional fund flows and
market sentiment. Their
constant endeavour is to
maximize risk adjusted returns.
may not be consistent
over the long-term.
Safety is paramount:
One of our primary
objectives is the safety of
your investments and
stability of returns. We
e n s u r e
t h a t
o u r
Regulatory guidelines: Life
insurance companies in India
are regulated by Insurance
Regulatory Development
Authority (IRDA), and these
regulations focus on:
investment portfolio is
adequately diversified
and adheres to high standards of quality. Our
investment policy does not permit us to follow
risky strategies, whatever be the reward, such
(I) safety of investors' money
by defining a minimum
acceptable quality of the investment portfolio, and
(ii) transparency in terms of adequate disclosures
about portfolio.
as holding
poor quality credit or under
diversified portfolios, etc.
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Glossary of Terms
Glossary of Terms
As on June 30, 2010
Fund: This is a collective pool of money created from
individual investments such that each individual shares risks
and rewards in the proportion of their contribution. Since a
fund is managed as a single investment vehicle, all the
investors will face the same risks and rewards. A
professional fund manager invests the fund according to
the objective of the fund defined in the offer document or
policy document. In case of a policyholder who pays
premium, a predetermined part of this is used to pay for life
cover and other expenses. The remaining part of the
premium is the investment which is put in the various funds
(such as Maximiser and Balancer) as per the investor’s
instructions. The investor is free to change the allocation of
investments at any time during the term of the policy.
the period. Generally when reporting for a period longer
than 1 year, the return is annualized (generally using the
CAGR method) for the purpose of comparison. For example
if in the last 1 year, the NAV of a fund has increased from Rs.
20 to Rs. 25, then absolute return (and in this case the
annualized return as well) is (25-20)÷20=25%. If over the
last 2 years, the NAV has grown from Rs. 15 to Rs. 30 then
the absolute return in 2 years is (30-15)÷15=100%;
however the annualized return, or compound annual
growth rate is 41.4% per annum.
Equity: Equity investment means holding shares of
companies, meaning that the investor is taking part
ownership of a company rather that lending to the
company. As a part owner of a business, the shareholder
shares all the risks and rewards of the business. Several
factors lead to appreciation in equity investments - all of
which in some way relate to current and future prospects of
the business of the company, also called fundamentals.
Because of the variable nature of these factors, equity
investments are more risky than debt investments, but have
historically shown signifantly better returns in the long-run
(investment horizon greater than 5 years).
NAV: Net Asset Value of a fund on a given day is the total
closing value of the securities held in the portfolio of the
fund divided by the number of units outstanding. When a
person invests a sum (say Rs. 10000) in a fund on a certain
day when the NAV was Rs. 20 per unit he is assigned
10000÷20=500 units. On any given day, the investor can
find the value of his investment in the fund by multiplying
the units he holds by the NAV of the day. So if the NAV of the
fund has become Rs. 30 per unit, the investor can calculate
the value of his holdings as 500x30=Rs. 15000. The NAV
changes with changes in value of investments in the fund.
Benchmark: Every investment has to have a yardstick to
evaluate whether it has met the objective of investment. A
benchmark is a standard against which the performance of
a fund can be compared. The benchmark for each fund is
predetermined based on the investment objective and
target asset allocation of the fund. At a macro level, a
benchmark captures the average returns of all funds which
have the same objective and funds that perform better than
the benchmark can be said to be better than the average.
Benchmarks can be either those that are readily available in
the market or synthetically created. For example, Maximiser-
a pure equity fund uses an equity benchmark the BSE 100,
where as Balancer- a fund that invests 35% in equity and
65% in debt uses a synthetic benchmark
consisting of 35% BSE 100 and 65% CRISIL composite
bond index.
Sharpe Ratio: This is a popular measure of risk adjusted
returns. This is an important measure because it is
inaccurate to compare the returns of funds that have
different risk profiles or objectives. For instance, fund A may
perform better than fund B but this may be because it is
investing in small cap companies that are more risky. Sharpe
ratio helps to compare the returns of funds taking into
account the riskiness of returns, and is defined as reward of
investing in a risky asset per unit risk taken. More accurately,
it is measured as:
Sharpe Ratio =
Annualized Excess Return
Annualized Std Deviation of Excess Returns
Risk: Concept of risk of an investment essentially captures
the possibility of loss in that investment. Risk, in terms of
portfolio management, is defined as variability of the
returns of a fund or more correctly expected variability. So if
fund A and fund B both given 10% annualized returns,
however fund A gives this same 10% consistently every year
but fund B gives 3% in one year, 12% in another year and
so on but still averages 10% per annum in the long run,
then fund B is said to be more risky than fund A. Risk is
generally measured as standard deviation or variance of
returns. For similar levels of returns a rational investor will
always choose the least risky asset.
Returns: Return is the reward one has got for taking risk
and giving time. Absolute rate of return (or simply return) in
a period is the ratio of increase (or decrease) in the NAV of
the fund at the end of the period over the NAV at the start of
Debt: Debt or fixed income as an asset class refers to
investment in securities that have well defined pay offs, and
mostly pf a fixed nature or a fixed rate of return for a fixed
period. Because of the fixed nature of returns debts as an
asset class is less risky than equity. All securities where the
borrower is the government are classified as government
securities or gifts and have a negligible level of risk of
default, i.e., Non-payment. Other borrowers have varying
levels of risk of default, determined by a neutral third party
such as CRISIL or Moody by looking at the financial strength
of the borrower and being described in the rating of the
security where AAA is the safest followed by AA+,AA and
so on. Among debt securities there are various types of
instruments viz., money market instruments, Certificate of
Deposits, Fixed Deposits, Corporate bonds, Gifts, Loans,
etc., which have different maturity, risk and reward profiles.
Excess Return is the difference between the fund return and
the risk free rate of return. Standard Deviation is a common
measure of risk. So a higher Sharpe Ratio means a fund has
given superior returns (over an asset that has no risk such as
a government security) for every unit of risk.
ATS: Automatic Transfer Strategy helps to mitigate any risk
arising from market volatility by ensuring that you buy more
units at lesser prices and fewer units when prices are high.
Under ATS you can invest your entire premium in our money
market funds (which are more conservative funds) and at
predefined regular monthly intervals, i.e. 1st or 15th of
every month, a fixed amount chosen by you is transferred to
any one of the chosen equity based fund options available
under the plan. This facility is available for customers opting
for Fixed Portfolio Strategy and is FREE of charge.
ULIP Funds Pension Funds InvestShield Funds Performance Summary Find your Fund The Investment Team Advises 5
ULIP Funds
Pension Funds
InvestShield Funds
Performance Summary
Find your Fund
The Investment Team Advises
5 Mantras of Financial Freedom
How we Manage your Money
Glossary of Terms
Contact Us
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IN THIS POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICY HOLDER. This document is for information purposes only. It does not constitute any
recommendation 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. All opinions given here
are general in nature and clients should take into account their personal investment objectives, risk appetite and other aspects of their financial situation before making an investment decision.
Please invest or make any decision regarding your financial activities only after consulting your financial advisor. ICICI Prudential shall not be responsible for any losses caused or any claims that
arise due to investments made based on this newsletter. All fund performances published in this newsletter are based on past performance and do not imply that future performance will be
similar. Please note that the funds are invested in capital markets and are hence exposed to the market risks inherent in such investments. While every effort has been made to ensure accuracy of
the contents of this newsletter the Company cannot be held responsible for any errors, opinions or projections published herein. © 2009, ICICI Prudential Life Insurance Company Ltd. Registered
Office: ICICI Prulife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025. Reg. No. 105, Insurance is the subject matter of the solicitation. Unlike traditional products, Unit
linked insurance products are subject to market risk, which affect the Net Asset Values and the customer shall be responsible for his/her decision. The name of the Company, or names of the
product or fund options do not indicate their quality or future guidance on returns. Funds do not offer guaranteed or assured returns. Investments are subject to market risk. Past performance
may not be guide to future performance, which may be different. Comp/doc/2009/VR1
UIN Nos. LifeStage Regular Premium - 105L073V01, LifeStage Assure - 105L083V01, Life Time plus - 105L054V01, LifeTime Gold - 105L077V01, LifeTime Super - 105L056V01,
LifeTime II - 105L031V01, LifeTime - 105L013V01, Premier Life Gold - 105L061V01, Premier Life - 105L037V01, Wealth Advantage - 105L085V01, LifeLink Super - 105L053V01,
LifeLink II - 105L033V01, LifeLink - 105L012V01, SmartKid New Unitlinked Regular Premium - 105L058V01, SmartKid Unitlinked Regular Premium Plan II - 105L036V01,
SmartKid Unitlinked Regular Premium Plan - 105L028V01, SmartKid New UnitLinked Single Premium - 105L059V01, SmartKid Single Premium II - 105L035V01,
SmartKid Single Premium - 105L029V01, Golden Years - 105L047V01, LifeStage Pension - 105L075V01, LifeTime Super Pension - 105L055V01, LifeTime Pension II - 105L032V01,
LifeTime Pension - 105L015V01, Premierlife Pension - 105L074V01, LifeLink Super Pension - 105L057V01, LifeLink Pension II - 105L034V01, LifeLink Pension - 105L016V01,
Elite Pension - 105L094V01, LifeStage Assure Pension - 105L092V01, InvestShield Life New - 105L063V01, InvestShield Life - 105L042V01, InvestShield Cash - 105L041V01,
InvestShield Pension - 105L043V01
For more details please contact your financial advisors or log on to our website
www.iciciprulife.com
or email us at
lifeline@iciciprulife.com