group fund factsheet february 2020 · market fund money market fund 2 short term debt fund short...
TRANSCRIPT
Life InsuranceAditya Birla Sun LifeInsurance Company Limited
Group Fund FactsheetFebruary 2020
Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com
LIFE INSURANCE
Aditya Birla Sun Life Insurance Company Limited PROTECTING INVESTING FINANCING ADVISING
Index Page No.
Market Outlook
Fund Managers Profile
Fund Performance
Secure Fund
Stable Fund
Stable Fund 2
Growth Fund
Growth Fund 2
Growth Advantage Fund
Money Market Fund
Money Market Fund 2
Short Term Debt Fund
Short Term Debt Fund 2
Income Advantage Fund
Gilt Fund
Bond Fund
Fixed Interest Fund
Fixed Interest Fund 2
1
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com
Market Update
Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com
Source: Tradingeconomics.com
Global Factors
a) -There has been a rapid outbreak of COVID-19 outside China across 65 countries leading to concerns of a
potential pandemic. This led to a sharp sell off in equity markets worldwide and fall in bond yields. We have currently seen
over 90,000 cases with fatality rate is around 3%.
b) -US 10 year yield fell an all-time low of 1.04% due to COVID-19 outbreak.
d) -China's manufacturing PMI plunged to an all-time low of 35.7 in February'20, amidst factory
shutdowns owing to Lunar New Year holiday and COVID-19.
e) - Industrial production in Euro Area fell to a 4-year low in December'19 to -2.1%.
COVID-19
US 10 year
China Manufacturing PMI
Eurozone's Industrial Production
Source: Tradingeconomics.com
Economy Review
Domestic Factors
The key events in the month were –
Inflation- CPI rose to 7.6% in January'20 from 7.4% in December'19, due higher core inflation. WPI rose to 3.1% in January'20
Vs 2.6% in December'19.
a) - GDP growth moderated to 4.7% in Q3FY20 as against an upward revision of 5.1% in Q2FY20. The NSO expects FY20
GDP growth at 5%.
b) - Manufacturing PMI for India declined to 54.5 in February'20 from 55.3 in January'20, as business
sentiment took a hit due to concerns over the impact of COVID-19.
c) - GST collection increased 8.3% YoY to Rs1,054 bn in February'20, slightly lesser than Rs1,108 bn a month
ago.
d) - Trade deficit widens to a seven month high in January'20 to $15 billion, as exports fell by 1.7% while imports
fell by 0.8%.
GDP
Manufacturing PMI
GST Collection
Trade Deficit
Domestic Macro Economic Data.
On the economy front, IIP growth fell to -0.3% in December'19 Vs 1.8% in November'19. This was due to degrowth in
manufacturing and electricity but mining sector reported growth.
CPI WPI
Inflation
IIP
1.6
0.1 0.4
4.3 4.6
1.2
4.6
-1.4
-4.3 -4.0
1.8
-0.3
-6
-4
-2
0
2
4
6
Jan-
19
Feb-
19
Mar
-19
Apr-
19
May
-19
Jun-
19
Jul-
19
Aug-
19
Sep-
19
Oct
-19
Nov
-19
Dec
-19
2.6 2
.9 3.0 3.1 3.2
3.2 3.3
4.0
4.6
5.5
7.4 7.6
2.9 3.1 3.2
2.8
2.0
1.1
1.1
0.3
0.2 0
.6
2.6
3.1
0
1
2
3
4
5
6
7
8
Feb
-19
Mar
-19
Ap
r-1
9
May
-19
Jun
-19
Jul-
19
Au
g-1
9
Sep
-19
Oct
-19
No
v-1
9
Dec
-19
Jan
-20
Market Update
Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com
Nifty
Sensex
BSE 100
Dow Jones
Hang Seng
Nikkei
Nasdaq
INDEX 29-Dec-17 30-Nov-17 % Change
11201.75 11962.10 -6.36%
38297.29 40723.49 -5.96%
11292.68 12082.99 -6.54%
25409.36 28256.03 -10.07%
21142.96 23205.18 -8.89%
26129.93 26312.63 -0.69%
8567.37 9150.94 -6.38%
Nifty
Sensex
BSE 100
Dow Jones
Hang Seng
Nikkei
Nasdaq
INDEX 28-Feb-20 31-Jan-20 % Change
10 Yr G-Sec Yield 5 year AAA Corporate Bond Spread
10 Year G-Sec
5 Year G-Sec
90 Day T Bill
364 Day T-Bill
Call Rates
6.37% 6.60% -3.61%
6.21% 6.59% -6.12%
5.06% 5.12% -1.19%
5.13% 5.27% -2.73%
4.90% 4.91% -0.20%
Key Indices % Change28-Feb-20 31-Jan-20
Perc
enta
ge (%
)
Outlook for Equities
Equity markets fell 6.4% in the month of February'20, as growth in number of new cases of COVID-19 outside China led to a WHO warning
of a possible global pandemic. This led to a sell off in global equity markets due to its negative impact on global economy and corporate
earnings. To prevent the further spread of the virus, many countries might go in for extended shutdowns of factories and other business
activities. Many countries have come out with travel advisories also resulting in further slower business activity across the globe. This
might lead to slowdown in consumption demand and supply disruption impacting many industries interconnected across the world.
FIIs net inflows was $0.8 bn in Indian equities in February'20. DIIs were net buyers of $2.4bn in February'20, highest monthly inflow in the
last 6 months. Moody's slashed India's GDP growth forecast by 120bps to 5.4% for CY20 and 90bps to 5.8% for CY21.
Post the fall, Nifty is currently trading at around 17x FY21e earnings, slightly lower than its 10-year average. The most vital thing to be
watched is the growth of new cases of COVID-19 around the world-outside China. Coordinated easing is expected from Central banks to
support growth. We expect 18% growth in earnings for FY21 driven by earnings growth traction in BFSI and FMCG. Equity investors should
understand that historically these adverse events act as good opportunities to buy for long term wealth creation.
Outlook for Debt
February’20 had the unveiling of much awaited union budget which came without announcement of additional borrowing, although the
fiscal deficit target was revised upwards. The budget also guided on special G-sec securities which would be issued without limits to NRI’s.
RBI monetary policy did not cut repo rate but made unconventional announcements in the form of long term repo operations (LTRO) to the
tune of Rs1 tn. These LTRO would provide banks 1 year and 3 year liquidity at repo rate for lending. This liquidity enhancing measure by RBI
was considered equivalent to a rate cut. RBI also guided for lower CPI inflation towards Q3FY21 and considered recent high readings as
transitory. CPI for the month of February came at 7.6% due to base effect, higher prices of food, medicine and telecom. India GDP for
Q3FY20 came at 4.7% supported by private consumption and government expenditure even as investment rate contracted.
Global factors were bond positive as heightened fear of COVID-19 led to risk aversion. COVID-19 spread to 65 countries and caused sell
off in risk assets. US 10-year yield slipped below 2016 lows to 1.04%. Overall bonds trading in negative yield touched above $14 tn from
$11 tn in January’20. Gold prices also rallied to touch at seven year high of $1688/oz. Global crude oil prices have slipped more than 25%
in the last two months.
Rates movement will be guided in the near term by global factors, inflation numbers and continuation of LTRO’s by RBI. Yield on the 10 year
G-sec closed at 6.37% down 19 bps in the month. In the near term we expect yields to be in a range of 6.30%-6.50%. Corporate bond
spreads over G-sec is at 75 bps and likely to move towards 85 bps.
NSEBSE
4000
5000
6000
7000
8000
9000
10000
11000
12000
13000
14000
32000
34000
36000
38000
40000
42000
Fe
b-1
9
Ma
r-1
9
Ap
r-1
9
Ma
y-1
9
Ju
n-1
9
Ju
l-1
9
Au
g-1
9
Se
p-1
9
Oct-
19
No
v-1
9
De
c-1
9
Ja
n-2
0
Fe
b-2
0
50
70
90
110
130
150
6.0
7.0
8.0
Fe
b-1
9
Ma
r-1
9
Ap
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9
Ma
y-1
9
Ju
n-1
9
Ju
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9
Au
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9
Se
p-1
9
Oct-
19
No
v-1
9
De
c-1
9
Ja
n-2
0
Fe
b-2
0
Fund Managers Profile
Debt Fund SFIN No FundManager
Group Money Market Fund
Group Money Market Fund 2
Group Short Term Debt Fund
Group Short Term Debt Fund 2
Group Income Advantage Fund
Group Gilt Fund
Group Bond Fund
Group Fixed Interest Fund
Group Fixed Interest Fund 2
ULGF00824/08/04BSLIGRMMKT109
ULGF01928/11/11BSLGRMMKT2109
ULGF01322/09/08BSLGSHTDBT109
ULGF02128/11/11BSLGSHTDB2109
ULGF01425/02/10BSLGINCADV109
ULGF00630/05/03BSLIGRGILT109
ULGF00530/05/03BSLIGRBOND109
ULGF00416/07/02BSLGFIXINT109
ULGF01728/11/11BSLGFXINT2109
Mr. Parin Vora
Mr. Parin Vora
Mr. Parin Vora
Mr. Parin Vora
Mr. Parin Vora
Mr. Parin Vora
Mr. Parin Vora
Mr. Parin Vora
Mr. Parin Vora
Fund ManagerNo. of Funds Managed
Debt Fund
Debt Fund
Balanced Fund Equity Fund
Mr. Parin Vora
Mr. Sameer Mistry
9
-
6
6
-
-
Mr. Sameer Mistry – Vice President - Investments
Mr. Sameer Mistry – Joined ABSLI in January 2009. He has over 20
years of experience in Equity Research and Fund Management. Prior to
joining us, he worked as a Fund Manager with Reliance Capital Asset
Management, Tata Mutual Fund and SBI Life Insurance. Sameer has
done his BE (Electronics & Telecom) as well as a an MBA in Finance.
Mr. Parin Vora – Joint Vice President - Investments
Mr. Parin Vora has been with ABSLI since October 2007 and is primarily
responsible for Fixed Income trading and Fund Management. He has
19 years of experience in Fixed Income Industry and was associated
with Birla Sun Life Securities & Mata Securities. Parin has done his
MBA in Finance from Welingkar’s Institute of Management and DPMIR
from Narsee Monjee Institute of Management Studies.
Balaced Fund SFIN NoEquity Debt
Group Secure Fund
Group Stable Fund
Group Stable Fund 2
Group Growth Fund
Group Growth Fund 2
Group Growth Advantage Fund
ULGF00212/06/01BSLGSECURE109
ULGF00312/06/01BSLGSTABLE109
ULGF02228/11/11BSLGSTABL2109
ULGF00112/06/01BSLGGROWTH109
ULGF01828/11/11BSLGROWTH2109
ULGF01026/11/07BSLIGGRADV109
Mr. Sameer Mistry
Mr. Sameer Mistry
Mr. Sameer Mistry
Mr. Sameer Mistry
Mr. Sameer Mistry
Mr. Sameer Mistry
Mr. Parin Vora
Mr. Parin Vora
Mr. Parin Vora
Mr. Parin Vora
Mr. Parin Vora
Mr. Parin Vora
FundManager
Mr. Sameer Mistry
Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com
Fund Performance as on 28th February 2020
Group Funds Figures in percentage (%)
Disclaimer:
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS:
This document is issued by ABSLI. While all reasonable care has been taken in preparing this document, no responsibility or liability is accepted for errors of fact or for any opinion expressedherein. This document is for information purposes only. It does not constitute any offer, recommendation or solicitation to any person to enter into any transaction or adopt any investmentstrategy, nor does it constitute any prediction of likely future movements in NAVs. Past performance is not necessarily indicative of future performance. We have reviewed the report, and in sofar as it includes current or historical information, it is believed to be reliable though its accuracy or completeness cannot be guaranteed. Neither Aditya Birla Sun Life Insurance CompanyLimited, nor any person connected with it, accepts any liability arising from the use of this document. You are advised to make your own independent judgment with respect to any mattercontained herein. The investment risk in investment portfolio is borne by the policyholder. The name of the funds do not in any way indicate their quality, future prospects or returns. Thepremium paid in unit linked life insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performanceofinvestment fund and factors influencing the capital market and the policyholder is responsible for his/her decisions Insurance is the subject matter of solicitation.
IRDA clarifies to public that IRDA or its officials do not involve inactivities like sale of any kind ofinsurance or financial products nor invest premiums. IRDA does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of
phone call, number.
* Duration for Money Market Instrument and FD’s is considered as "Zero".
Returns
Absolute
CAGR
Period Secure
FundBM BM BM BMBMStable
Fund
Stable
Fund 2
Growth
Fund 2
Growth
Fund
1 month
3 months
6 months
1 Year
2 Years
3 Years
4 Years
5 Years
Since Inception
Returns
Absolute
CAGR
Period Growth
AdvantageBM BM BM BM BMMoney
Market Fund
Money
Market Fund 2
Short Term
Debt Fund
Short Term
Debt Fund 2
1 month
3 months
6 months
1 Year
2 Years
3 Years
4 Years
5 Years
Since Inception
Returns
Absolute
CAGR
Period Income
Advantage FundGilt Fund Bond Fund Fixed
Interest Fund
Fixed
Interest Fund 2BM BM BM BM
1 month
3 months
6 months
1 Year
2 Years
3 Years
4 Years
5 Years
Since Inception
3.65
4.69
4.84
15.16
11.90
8.81
9.99
8.45
7.60
Secure
Stable
Stable 2
Growth
Growth 2
Growth Advantage
Money Market
Money Market 2
Short Term Debt Fund
Short Term Debt 2
Income Advantage
Gilt Fund
Bond Fund
Fixed Interest
Fixed Interest 2
BSE 100
BSE 100
BSE 100
BSE 100
BSE 100
BSE 100
-
-
-
-
-
-
-
-
-
20%
35%
35%
50%
50%
60%
-
-
-
-
-
-
-
-
-
70%
55%
55%
40%
40%
30%
-
-
100%
100%
85%
-
70%
15%
85%
85%
10%
10%
10%
10%
10%
10%
100%
100%
-
-
15%
-
15%
15%
15%
Crisil Composite Bond Fund Index
Crisil Composite Bond Fund Index
Crisil Composite Bond Fund Index
Crisil Composite Bond Fund Index
Crisil Composite Bond Fund Index
Crisil Composite Bond Fund Index
-
Crisil Short Term Bond Fund Index
Crisil Short Term Bond Fund Index
Crisil Composite Bond Fund Index
-
Crisil AAA Medium Term Bond Fund Index
Crisil AA Medium Term Bond Fund Index
Crisil Composite Bond Fund Index
Crisil Composite Bond Fund Index
-
Crisil Liquid Fund Index
Crisil Liquid Fund Index
Crisil Liquid Fund Index
-
Crisil Liquid Fund Index
Crisil Liquid Fund Index
Crisil Liquid Fund Index
Crisil Liquid Fund Index
Crisil Liquid Fund Index
Crisil Liquid Fund Index
Crisil Liquid Fund Index
Crisil Liquid Fund Index
Crisil Liquid Fund Index
-
-
ULGF00212/06/01BSLGSECURE109
ULGF00312/06/01BSLGSTABLE109
ULGF02228/11/11BSLGSTABL2109
ULGF00112/06/01BSLGGROWTH109
ULGF01828/11/11BSLGROWTH2109
ULGF01026/11/07BSLIGGRADV109
ULGF00824/08/04BSLIGRMMKT109
ULGF01928/11/11BSLGRMMKT2109
ULGF01322/09/08BSLGSHTDBT109
ULGF02128/11/11BSLGSHTDB2109
ULGF01425/02/10BSLGINCADV109
ULGF00630/05/03BSLIGRGILT109
ULGF00530/05/03BSLIGRBOND109
ULGF00416/07/02BSLGFIXINT109
ULGF01728/11/11BSLGFXINT2109
Benchmark CompositionSFIN
WeightageFund Name
Weightage WeightageIndex Index Index
Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com
0.17 0.17
1.01 0.58
4.04 3.61
10.75 9.68
8.48 7.28
8.13 6.86
10.00 8.49
7.82 6.78
10.23 8.22
-2.75 -3.33
-2.23 -3.46
3.58 2.15
8.70 5.38
5.76 3.99
8.56 6.45
12.67 9.85
7.47 5.42
11.44 6.42
-0.90 -1.14
-0.30 -0.94
3.72 3.08
9.78 8.08
7.46 6.07
8.25 6.74
10.91 9.03
7.61 6.31
12.22 9.25
-2.07 -2.46
-1.46 -2.46
3.66 2.53
9.48 6.47
6.48 4.83
8.64 6.58
12.21 9.53
7.74 5.79
13.43 10.20
-2.03 -2.46
-1.29 -2.46
3.99 2.53
10.04 6.47
7.05 4.83
9.33 6.58
13.04 9.53
8.64 5.79
11.91 8.81
-0.74 -1.14
0.06 -0.94
4.21 3.08
10.95 8.08
8.44 6.07
9.21 6.74
11.98 9.03
8.68 6.31
10.98 8.58
0.39 0.33
1.24 1.09
2.70 2.29
6.28 5.37
6.73 5.92
6.54 5.78
6.81 5.88
7.04 6.07
8.65 6.46
0.40 0.33
1.27 1.09
2.76 2.29
5.81 5.37
6.14 5.92
6.17 5.78
6.43 5.88
6.75 6.07
7.74 6.83
0.85 1.11
1.59 2.11
4.01 4.15
9.72 9.36
8.72 7.82
7.81 6.70
8.02 7.10
7.91 7.07
8.51 7.28
0.85 1.11
1.85 2.11
3.81 4.15
9.43 9.36
8.63 7.82
8.02 6.70
8.33 7.10
8.32 7.07
9.31 7.60
1.83 1.85
2.47 2.54
4.25 4.19
12.32 11.40
10.05 8.68
8.00 6.90
8.90 7.62
8.14 7.28
9.09 7.44
1.31 1.36
2.15 2.33
4.70 4.85
11.06 10.89
8.92 7.82
7.53 6.80
8.29 7.59
7.87 7.24
9.85 7.95
1.90 1.85
2.78 2.54
4.75 4.19
13.42 11.40
10.70 8.68
8.52 6.90
9.31 7.62
8.28 7.28
8.85 6.48
2.02 1.85
2.61 2.54
4.47 4.19
12.28 11.40
11.17 8.68
8.81 6.90
9.74 7.62
9.14 7.28
10.60 7.83
Benchmark: BSE 100, Crisil Composite Bond Fund Index & Crisil Liquid Fund Index
Asset held 2691.47 Cr`as on 28th February 2020:
EQUITY: 16.97%
NAV as on 28th February 2020: 61.8472`
Group Secure Fund SFIN No.ULGF00212/06/01BSLGSECURE109
Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 20 years &19 years
Portfolio as on Friday, February 28, 2020
Fund Snapshot Date of Inception: 19-Jun-01
Objective:
Strategy:
This investment fund option helps build your capital and generate
better returns at moderate level of risk, over a medium or long-term period
through a balance of investment in equity and debt.
To generate better return with moderate level of risk through active
management of fixed income portfolio and focus on creating long term equity
portfolio which will enhance yield of composite portfolio with low level of risk
appetite.
Know the Fund Better
Exposure to equities
,
and MMI has to 19.66% from on
a MOM basis. Over 90% of the debt portfolio remains
invested in highest rated instruments.
The fund is predominantly invested in large cap stocks and
maintains a well diversified equity portfolio.
has to 16.97% from
G-Secs has to 26.45% from
decreased
18.32% slightly increased
25.93% decreased 20.50%
CORPORATE DEBT: 36.92%GOVERNMENT SECURITIES: 26.45%
9.20% GOI 2030 (MD 30/09/2030) 4.45%
8.83% GOI 2023 (MD 25/11/2023) 3.18%
8.60% GOI 2028 (MD 02/06/2028) 2.93%
8.33% GOI 2026 (MD 09/07/2026) 2.29%
8.17% GOI 2044 (MD 01/12/2044) 1.88%
9.23% GOI 2043 (MD 23/12/2043) 1.20%
8.13% GOI 2045 (MD 22/06/2045) 1.06%
8.97% GOI 2030 (MD 05/12/2030) 0.87%
7.16% GOI 2023 (MD 20/05/2023) 0.77%
8.32% GOI (MD 02/08/2032) 0.71%
Other Government Securities 7.12%
9.60% Hindalco Industries Ltd. NCD
(MD 02/08/2022) 1.77%
8.45% HDFC Ltd. NCD MD (18/05/2026)
(Series P - 012) 1.70%
6.98% NABARD NCD (MD 30/09/2020) 18G 1.12%
8.30% IRFC NCD (MD 25/03/2029) 1.00%
8.15% Tata Steel Ltd NCD (MD 01/10/2026) 0.97%
9.00% Godrej & Boyce Man Co Ltd. NCD MD
(22/04/21) (Step Up 0.95%
8.75% HDFC Ltd. NCD (04/03/2021)
(Series P-002) (Put Opt 14/0 0.95%
8.00% National Housing Bank
(Call/Put22/05/2020 MD 22/02/2022) 0.95%
7.54% IRFC NCD (MD 31/10/2027) 0.95%
7.50 HDFC Ltd. NCD (MD 07/07/2020) 0.93%
Other Corporate Debt 25.63%
HDFC Bank Limited 1.88%
Reliance Industries Limited 1.47%
Housing Development Finance Corporation 1.26%
ICICI Bank Limited 1.23%
Infosys Limited 1.04%
Kotak Mahindra Bank Limited 0.69%
Larsen & Toubro Limited 0.61%
Tata Consultancy Services Limited 0.61%
Hindustan Unilever Limited 0.55%
ITC Limited 0.54%
Other Equity 7.08%
MMI, Deposits, CBLO & Others: 19.66%
SECTORAL ALLOCATION
ASSET ALLOCATION
Rating Profile
AUM (In Cr) as on 28th February 2020
AAA35.88%
AA
16.30%
AA+
6.64%A1+
2.90% AA-0.64%
Sovereign37.63%
Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com
MMI, Deposits,CBLO & Others
19.66%NCD
Equity16.97%
26.45%G-Secs
36.92%
Debt2234.85(83%)
Equity456.61(17%)
Modified Duration: 3.59 years
Secure BM
7.30%
3.15%
3.20%
3.89%
4.74%
8.38%
8.63%
10.20%
10.26%
12.55%
27.69%
OTHERS
TELECOMMUNICATION
CEMENT
AUTOMOBILE
PHARMACEUTICALS
FINANCIAL SERVICES
CAPITAL GOODS
FMCG
OIL AND GAS
SOFTWARE / IT
BANKING
Fe
b-1
3
Au
g-1
3
Fe
b-1
4
Au
g-1
4
Fe
b-1
5
Au
g-1
5
Fe
b-1
6
Au
g-1
6
Fe
b-1
7
Au
g-1
7
Fe
b-1
8
Au
g-1
8
Fe
b-1
9
Au
g-1
9
Fe
b-2
0
Benchmark: BSE 100, Crisil Composite Bond Fund Index & Crisil Liquid Fund Index
Asset held `as on 28th February 2020: 620.12 Cr Modified Duration: 4.76 years
EQUITY: 30.22%CORPORATE DEBT: 24.68%GOVERNMENT SECURITIES: 32.76%
NAV as on 28th February 2020: 84.4598`
Group Stable Fund SFIN No.ULGF00312/06/01BSLGSTABLE109
Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 20 years &19 years
Portfolio as on Friday, February 28, 2020
Fund Snapshot Date of Inception: 31-Aug-01
Objective:
Strategy:
This investment fund option helps you grow your capital through
enhanced returns over a medium to long term period through investments in
equity and debt instruments, thereby providing a good balance between risk and
return. This fund is suitable for those who want to earn higher return on
investment through balanced exposure to equity and debt securities.
To earn capital appreciation by maintaining diversified equity portfolio
and seek to earn regular return on fixed income portfolio by active management
resulting in wealth creation for policyholders.
Know the Fund Better
Over 92% of the debt portfolio remains invested in highest
rated instruments.
The fund is predominantly invested in large cap stocks and
maintains a well diversified equity portfolio.
9.23% GOI 2043 (MD 23/12/2043) 5.95%
8.33% GOI 2026 (MD 09/07/2026) 4.91%
8.83% GOI 2023 (MD 25/11/2023) 3.51%
9.20% GOI 2030 (MD 30/09/2030) 2.87%
7.59% GOI 2029 (MD 20/03/2029) 2.57%
8.28% GOI (MD 15/02/2032) 2.30%
8.17% GOI 2044 (MD 01/12/2044) 1.87%
8.60% GOI 2028 (MD 02/06/2028) 1.82%
7.61% GOI 2030 (MD 09/05/2030) 1.29%
8.08% GOI (MD 02/08/2022) 1.06%
Other Government Securities 4.62%
9.00 HDFC Ltd. NCD (MD 29/11/2028)Series U-005 3.59%7.85% Indian Hotels Co Ltd(MD 15/04/2022) S-1 2.99%8.75% LIC Housing Finance LtdNCD (MD 08/12/2028) 2.66%7.43% Nabard GOI Fully ServicedNCD (MD 31/01/2030) 2.48%7.10% ICICI Basel III Tier II(MD 17/02/2030) 2.40%9.475% Aditya Birla Finance Ltd NCD G-8(MD 18/03/2022) 1.71%7.80% Apollo Tyres Limited Series BMaturity 28Th Apr 2023 1.67%7.99% HDFC Ltd NCD (MD 11/07/24)Series V-006 1.19%8.40% Power Grid Corporation NCD(MD 27/05/2027) [I] 0.86%8.80% Tata Capital Financial Services LtdNCD MD 27/09/2021 0.84%Other Corporate Debt 4.29%
HDFC Bank Limited 3.31%
Reliance Industries Limited 2.60%
Housing Development Finance Corporation 2.23%
ICICI Bank Limited 2.17%
Infosys Limited 1.84%
Kotak Mahindra Bank Limited 1.25%
Larsen & Toubro Limited 1.08%
Tata Consultancy Services Limited 1.08%
ITC Limited 0.96%
Bharti Airtel Limited 0.95%
Other Equity 12.75%
Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com
SECTORAL ALLOCATION
AUM (In Cr) as on 28th February 2020
Equity
Debt
187.40(30%)
432.72(70%)
ASSET ALLOCATION
MMI, Deposits,CBLO & Others
12.34%
NCD24.68%
G-Secs
Equity
32.76%
30.22%
MMI, Deposits, CBLO & Others: 12.34%
Stable BM
Rating Profile
AAA27.90%
AA-A1+
0.05%AA+7.96%
5.85%
Sovereign58.24%
7.90%
3.03%
3.14%
3.88%
4.78%
8.31%
8.59%
10.02%
10.04%
12.82%
27.50%
OTHERS
CEMENT
TELECOMMUNICATION
AUTOMOBILE
PHARMACEUTICALS
FINANCIAL SERVICES
CAPITAL GOODS
FMCG
OIL AND GAS
SOFTWARE / IT
BANKING
Fe
b-1
3
Au
g-1
3
Fe
b-1
4
Au
g-1
4
Fe
b-1
5
Au
g-1
5
Fe
b-1
6
Au
g-1
6
Fe
b-1
7
Au
g-1
7
Fe
b-1
8
Au
g-1
8
Fe
b-1
9
Au
g-1
9
Fe
b-2
0
MMI, Deposits,CBLO & Others 4.14%
NCD
Equity
12.74%
29.13%
G-Secs53.99%
Benchmark: BSE 100, Crisil Composite Bond Fund Index & Crisil Liquid Fund Index
Asset held 2.75 Cr`as on 28th February 2020: Modified Duration: 4.06 years
EQUITY: 29.13%CORPORATE DEBT: 4.14%GOVERNMENT SECURITIES: 53.99%
MMI, Deposits, CBLO & Others: 12.74% ASSET ALLOCATION
NAV as on 28th February 2020: 23.6419`
Group Stable Fund 2 SFIN No.ULGF02228/11/11BSLGSTABL2109
Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 20 years &19 years
Portfolio as on Friday, February 28, 2020
Fund Snapshot Date of Inception: 28-Nov-11
Objective:
Strategy:
This investment fund option helps you grow your capital through
enhanced returns over a medium to long term period through investments in
equity and debt instruments, thereby providing a good balance between risk and
return. This fund is suitable for those who want to earn higher return on
investment through balanced exposure to equity and debt securities.
To earn capital appreciation by maintaining diversified equity portfolio
and seek to earn regular return on fixed income portfolio by active management
resulting in wealth creation for policyholders.
Know the Fund Better
The fund is predominantly invested in large cap stocks and
maintains a well diversified equity portfolio.
7.80% GOI (MD 11/04/2021) 13.07%
9.20% GOI 2030 (MD 30/09/2030) 8.63%
9.23% GOI 2043 (MD 23/12/2043) 6.94%
7.95% GOI 2032 (28.08.2032) 5.99%
7.59% GOI 2026 (MD 11/01/2026) 5.79%
9.15% GOI 2024 (MD 14/11/2024) 5.31%
7.16% GOI 2023 (MD 20/05/2023) 5.31%
8.29% Gujarat SDL 2025 (MD 26/08/2025) 2.94%
10.70% IRFC NCD (MD 11/09/2023) 4.14% HDFC Bank Limited 3.28%
Reliance Industries Limited 2.63%
Housing Development Finance Corporation 2.24%
ICICI Bank Limited 2.18%
Infosys Limited 1.75%
Tata Consultancy Services Limited 1.16%
Kotak Mahindra Bank Limited 1.12%
Larsen & Toubro Limited 1.03%
ITC Limited 0.96%
Bharti Airtel Limited 0.95%
Other Securitised Debt 11.81%
Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com
Stable 2 BM
SECTORAL ALLOCATION
AUM (In Cr) as on 28th February 2020
Debt
Equity
1.95(71%)
0.80(29%)
Rating Profile
AAA5.94%
Sovereign94.06%
7.27%
3.06%
3.26%
4.08%
4.44%
8.25%
8.49%
9.86%
10.56%
12.78%
27.94%
OTHERS
CEMENT
TELECOMMUNICATION
AUTOMOBILE
PHARMACEUTICALS
FINANCIAL SERVICES
CAPITAL GOODS
FMCG
OIL AND GAS
SOFTWARE / IT
BANKING
Fe
b-1
6
Au
g-1
6
Fe
b-1
7
Au
g-1
7
Fe
b-1
8
Au
g-1
8
Fe
b-1
9
Au
g-1
9
Fe
b-2
0
Benchmark: BSE 100, Crisil Composite Bond Fund Index & Crisil Liquid Fund Index
Asset held 654.95 Cr`as on 28th February 2020: Modified Duration: 4.04 years
EQUITY: 43.41%CORPORATE DEBT: 20.59%GOVERNMENT SECURITIES: 25.99%
NAV as on 28th February 2020: 103.0633`
Group Growth Fund SFIN No.ULGF00112/06/01BSLGGROWTH109
Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 20 years &19 years
Portfolio as on Friday, February 28, 2020
Fund Snapshot Date of Inception: 31-Aug-01
Objective:
Strategy:
The objective of this investment fund option is to achieve optimum
balance between growth and stability to provide long-term capital appreciation
with balanced level of risk by investing in fixed income securities and high quality
equity security. This fund option is for those who are willing to take average to
high level of risk to earn attractive returns over a long period of time.
The strategy is to invest into fixed income securities & maintaining
diversified equity portfolio along with active fund management policyholder’s
wealth in long run.
Know the Fund Better
Over 94% of the debt portfolio remains invested in highest
rated instruments.
The fund is predominantly invested in large cap stocks and
maintains a well diversified equity portfolio.
8.83% GOI 2023 (MD 25/11/2023) 5.79%
8.33% GOI 2026 (MD 09/07/2026) 3.35%
8.60% GOI 2028 (MD 02/06/2028) 2.06%
9.53% State Developement -Gujrat
2024 (MD 12/02/2024) 1.70%
9.20% GOI 2030 (MD 30/09/2030) 1.63%
9.23% GOI 2043 (MD 23/12/2043) 1.55%
7.95% GOI 2032 (28.08.2032) 1.48%
8.20% GOI (MD 15/02/2022) 1.36%
8.17% GOI 2044 (MD 01/12/2044) 1.24%
7.75% Power Finance Corpn. Ltd. NCD
(MD 22/03/2027) 1.11%
Other Government Securities 4.72%
7.89% Can Fin Homes Ltd. NCD MD(18/05/2022) Series 6 2.35%9.00 HDFC Ltd. NCD (MD 29/11/2028)Series U-005 1.70%8.18% NABARD NCD (MD 26/12/2028) 1.64%9.34% Rural Electrification Corpn. Ltd.NCD (MD 25/08/2024) 1.57%7.10% ICICI Basel III Tier II(MD 17/02/2030) 1.52%8.45% HDFC Ltd. NCD MD (18/05/2026)(Series P - 012) 1.33%8.70% Power Finance Corporation Ltd.NCD (MD 14/05/2020) 1.29%8.55% Power Finance Corpn. Ltd. NCD(09/12/2021) Series 124 1.27%7.35% BPCL Ltd NCD (MD 10/03/2022) 1.21%7.89% Power Grid Corporation NCD (L-VIII)(MD 09/03/2027) 0.81%Other Corporate Debt 5.92%
HDFC Bank Limited 4.75%
Reliance Industries Limited 3.76%
Housing Development Finance Corporation 3.22%
ICICI Bank Limited 3.15%
Infosys Limited 2.73%
Kotak Mahindra Bank Limited 1.73%
Tata Consultancy Services Limited 1.62%
Larsen & Toubro Limited 1.59%
ITC Limited 1.38%
Bharti Airtel Limited 1.37%
Other Equity 18.10%
Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com
MMI, Deposits, CBLO & Others: 10.01%
SECTORAL ALLOCATION
ASSET ALLOCATION
Rating Profile
AUM (In Cr) as on 28th February 2020
A1+5.50%
AA4.33%
AA+1.43%
AAA34.29%
Sovereign54.46%
MMI, Deposits,CBLO & Others
10.01%
Equity
NCD
43.41%
20.59%
G-Secs25.99%
Debt370.67(57%)
Equity284.29(43%)
Growth BM
7.38%
3.17%
3.26%
3.67%
4.87%
8.36%
8.74%
9.97%
10.18%
13.01%
27.38%
OTHERS
TELECOMMUNICATION
CEMENT
AUTOMOBILE
PHARMACEUTICALS
FINANCIAL SERVICES
CAPITAL GOODS
FMCG
OIL AND GAS
SOFTWARE / IT
BANKING
Fe
b-1
3
Au
g-1
3
Fe
b-1
4
Au
g-1
4
Fe
b-1
5
Au
g-1
5
Fe
b-1
6
Au
g-1
6
Fe
b-1
7
Au
g-1
7
Fe
b-1
8
Au
g-1
8
Fe
b-1
9
Au
g-1
9
Fe
b-2
0
Benchmark: BSE 100, Crisil Composite Bond Fund Index & Crisil Liquid Fund Index
Asset held 42.10 Cr`as on 28th February 2020: Modified Duration: 3.43 years
EQUITY: 43.38%CORPORATE DEBT: 12.34%GOVERNMENT SECURITIES: 23.48%
MMI, Deposits, CBLO & Others: 20.80%
SECTORAL ALLOCATION
ASSET ALLOCATION
Rating Profile
AUM (In Cr) as on 28th February 2020
NAV as on 28th February 2020: 25.3283`
Group Growth Fund 2 SFIN No.ULGF01828/11/11BSLGROWTH2109
Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 20 years &19 years
Portfolio as on Friday, February 28, 2020
Fund Snapshot Date of Inception: 28-Nov-11
Objective:
Strategy:
The objective of this investment fund option is to achieve optimum
balance between growth and stability to provide long-term capital appreciation
with balanced level of risk by investing in fixed income securities and high quality
equity security. This fund option is for those who are willing to take average to
high level of risk to earn attractive returns over a long period of time.
The strategy is to invest into fixed income securities & maintaining
diversified equity portfolio along with active fund management policyholder’s
wealth in long run.
Know the Fund Better
100% of the debt portfolio remains invested in highest rated
instruments.
The fund is predominantly invested in large cap stocks and
maintains a well diversified equity portfolio.
7.95% GOI 2032 (28.08.2032) 7.83%
7.59% GOI 2026 (MD 11/01/2026) 6.30%
9.23% GOI 2043 (MD 23/12/2043) 3.02%
8.83% GOI 2023 (MD 25/11/2023) 2.61%
8.29% Gujarat SDL 2025 (MD 26/08/2025) 2.56%
8.83% GOI 2041 (MD 12/12/2041) 1.16%
8.35% LIC Housing Finance Ltd. NCD
(MD 23/10/2020) 4.81%
8.40% Nuclear Power Corp Of India Ltd
(C) (MD 28/11/2027) Se 2.56%
7.89% Power Grid Corporation NCD
(L-VIII) (MD 09/03/2027) 2.51%
7.69% BPCL Ltd NCD (MD 16/01/2023)-
2018–Series I 2.45%
HDFC Bank Limited 4.75%
Reliance Industries Limited 3.77%
Housing Development Finance Corporation 3.23%
ICICI Bank Limited 3.14%
Infosys Limited 2.70%
Kotak Mahindra Bank Limited 1.72%
Tata Consultancy Services Limited 1.68%
Larsen & Toubro Limited 1.61%
ITC Limited 1.38%
Bharti Airtel Limited 1.37%
Other Equity 18.05%
Sovereign78.11%
AAA21.89%
Equity18.26(43%)
Debt23.84(57%)
Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com
Equity20.80%
43.38%
23.48%G-Secs
MMI, Deposits,CBLO & Others
NCD12.34%
Growth 2 BM
7.32%
3.16%
3.17%
3.86%
5.16%
8.37%
8.42%
9.80%
10.25%
13.05%
27.44%
OTHERS
TELECOMMUNICATION
CEMENT
AUTOMOBILE
PHARMACEUTICALS
FINANCIAL SERVICES
CAPITAL GOODS
FMCG
OIL AND GAS
SOFTWARE / IT
BANKING
Fe
b-1
6
Au
g-1
6
Fe
b-1
7
Au
g-1
7
Fe
b-1
8
Au
g-1
8
Fe
b-1
9
Au
g-1
9
Fe
b-2
0
Group Growth Advantage Fund SFIN No.ULGF01026/11/07BSLIGGRADV109
Fund Manager: Sameer Mistry (Equity) & Parin Vora (Debt) | Total Experience: 20 years &19 years
Portfolio as on Friday, February 28, 2020
Fund Snapshot Date of Inception: 18-Feb-08Objective:
Strategy:
The Objective of the fund is to provide blend of fixed return by investing
in debt & money market instruments and capital appreciation by predominantlyinvesting in equities of fundamentally strong and large blue chip companies.
The fund option will invest at least 40% and maximum of 60% in
fundamentally strong and large blue chip companies and minimum 40% in Debtand money market Instruments. The Strategy of the fund is to build and activelymanage a well-diversified equity portfolio of value & growth driven stocks byfollowing a research-focused investment approach. While appreciating the highrisk associated with equities, the fund would attempt to maximize the risk-returnpay-off for the long-term advantage of the policyholders. The fund will also explorethe option of having exposure to quality mid cap stocks. The Fund Manager wouldendeavor to outperform the benchmark. The nonequity portion of the fund will beinvested in highrated debt and money market instruments and fixed deposits.
Know the Fund Better
100% of the debt portfolio remains invested in highest rated
instruments.
The fund is predominantly invested in large cap stocks and
maintains a well diversified equity portfolio.
Benchmark: BSE 100, Crisil Composite Bond Fund Index & Crisil Liquid Fund Index
Asset held 94.69 Cr`as on 28th February 2020: Modified Duration: 3.41 years
EQUITY: 52.00%CORPORATE DEBT: 12.96%
NAV as on 28th February 2020: 36.8248`
GOVERNMENT SECURITIES: 15.06%
9.20% GOI 2030 (MD 30/09/2030) 7.51%
8.33% GOI 2026 (MD 09/07/2026) 2.90%
8.83% GOI 2023 (MD 25/11/2023) 1.74%
8.60% GOI 2028 (MD 02/06/2028) 1.19%
8.83% GOI 2041 (MD 12/12/2041) 1.04%
9.23% GOI 2043 (MD 23/12/2043) 0.67%
7.88% GOI 2030 (MD 19/03/2030) 0.01%
7.89% Power Grid Corporation NCD (L-VIII)
(MD 09/03/2027) 4.46%
9.05% Reliance Industries Ltd NCD
(MD 17/10/2028) 2.95%
9.00 HDFC Ltd. NCD (MD 29/11/2028)
Series U-005 2.94%
8.57% Rural Electrification Corpn. Ltd. NCD
(MD 21/12/2024) 1.14%
9.475% Aditya Birla Finance Ltd NCD
G-8 (MD 18/03/2022) 1.12%
8.43% LIC Housing Finance Ltd. NCD
(MD 10/07/2026) Put 12/07 0.35%
HDFC Bank Limited 5.71%
Reliance Industries Limited 4.49%
Housing Development Finance Corporation 3.85%
ICICI Bank Limited 3.77%
Infosys Limited 3.25%
Kotak Mahindra Bank Limited 2.07%
Tata Consultancy Services Limited 2.03%
Larsen & Toubro Limited 1.94%
Hindustan Unilever Limited 1.69%
ITC Limited 1.65%
Other Equity 21.54%
ASSET ALLOCATION
Rating Profile
AUM (In Cr) as on 28th February 2020
MMI, Deposits,CBLO & Others
NCD
Equity
12.96%
52.00%
15.06%G-Secs
19.98%
Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com
Equity
Debt
49.24(52%)
45.45(48%)
MMI, Deposits, CBLO & Others: 19.98%
SECTORAL ALLOCATION
AAA27.35%
72.65%
Growth Advantage BM
Sovereign
7.38%
3.15%
3.17%
3.87%
4.86%
8.15%
8.59%
10.07%
10.22%
12.97%
27.56%
OTHERS
TELECOMMUNICATION
CEMENT
AUTOMOBILE
PHARMACEUTICALS
FINANCIAL SERVICES
CAPITAL GOODS
FMCG
OIL AND GAS
SOFTWARE / IT
BANKING
Fe
b-1
3
Au
g-1
3
Fe
b-1
4
Au
g-1
4
Fe
b-1
5
Au
g-1
5
Fe
b-1
6
Au
g-1
6
Fe
b-1
7
Au
g-1
7
Fe
b-1
8
Au
g-1
8
Fe
b-1
9
Au
g-1
9
Fe
b-2
0
Group Money Market Fund SFIN No.ULGF00824/08/04BSLIGRMMKT109
Fund Manager: Parin Vora | Total Experience: 19 years
Portfolio as on Friday, February 28, 2020
Fund Snapshot Date of Inception: 30-Mar-05Objective:
Strategy:
The primary objective of the investment fund option is to provide
reasonable returns, at a high level of safety and liquidity for capital conversation forthe policyholder.
The strategy of investment fund option is to make judicious
investments in high quality debt and money market instruments protect capital ofthe policyholder with very low level of risk.
Know the Fund Better
100% of the fund is invested in highest rated instruments.
The fund continues to maintain very low maturity profile.
Benchmark: Crisil Liquid Fund Index
Asset held 148.42 Cr`as on 28th February 2020:
6.77% Larsen & Toubro Ltd NCD
(MD 20/08/2020) 6.76%
8.36% Rural Electrification Corpn. Ltd.
NCD (MD 22/09/2020) 4.43%
8.60% LIC Housing Finance Ltd. NCD
(MD 22/07/2020) 4.42%
8.53% Power Finance Corpn. Ltd. NCD
(MD 24/07/2020) 4.08%
7.20% HDFC Ltd NCD ( MD 01/09/2020) 4.07%
7.20% IRFC NCD (MD 31/05/2020) 3.38%
8.80% Larsen & Toubro Ltd NCD
(MD 13/04/2020) 2.77%
8.8044% HDB Financial Services Limited
NCD (MD 10/08/2020) 2.73%
8.80% HDFC Ltd. NCD (MD 18/06/2020)
Series U-006 2.72%
7.5438% Kotak Mahindra Prime Ltd. NCD
(MD 08/01/2021) 2.04%
Other Corporate Debt 1.35%
CORPORATE DEBT: 38.74% ASSET ALLOCATION
AUM (In Cr) as on 28th February 2020
Debt148.42(100%)
Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com
Money Market BM
MMI, Deposits,CBLO & Others
38.74%NCD
54.52%
Rating Profile
GOVERNMENT SECURITIES: 6.74%
8.39% State Developement -Rajasthan
Uday 2020(MD 15/03/2020) 6.74% G-Secs6.74%
A1+42.28%
17.67%
40.05%AAA
MMI, Deposits, CBLO & Others: 54.52%
Sovereign
NAV as on 28th February 2020: 34.5052` Modified Duration: 0.06 years
Fe
b-1
3
Au
g-1
3
Fe
b-1
4
Au
g-1
4
Fe
b-1
5
Au
g-1
5
Fe
b-1
6
Au
g-1
6
Fe
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7
Au
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7
Fe
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8
Au
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8
Fe
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9
Au
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9
Fe
b-2
0
GOVERNMENT SECURITIES: 91.66%
7.80% GOI (MD 03/05/2020) 76.93%
364 Days Tbill (MD 10/12/2020) 14.73%
Group Money Market Fund 2 SFIN No.ULGF01928/11/11BSLGRMMKT2109
Fund Manager: Parin Vora | Total Experience: 19 years
Portfolio as on Friday, February 28, 2020
Fund Snapshot Date of Inception: 28-NOV-11Objective:
Strategy:
The primary objective of the investment fund option is to provide
reasonable returns, at a high level of safety and liquidity for capital conversation forthe policyholder.
The strategy of investment fund option is to make judicious
investments in high quality debt and money market instruments protect capital ofthe policyholder with very low level of risk.
Know the Fund Better
100% of the fund is invested in highest rated instruments.
The fund continues to maintain very low maturity profile.
Benchmark: Crisil Liquid Fund Index
ASSET ALLOCATION
Rating Profile
AUM (In Cr) as on 28th February 2020
MMI, Deposits,CBLO & Others
91.66%
Sovereign100.00%
Debt0.33(100%)
Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com
Asset held 0.33 Cr`as on 28th February 2020: NAV as on 28th February 2020: 18.5042`
G-Secs
8.34%MMI, Deposits, CBLO & Others: 8.34%
Money Market 2 BM
Fe
b-1
6
Au
g-1
6
Fe
b-1
7
Au
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7
Fe
b-1
8
Au
g-1
8
Fe
b-1
9
Au
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9
Fe
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0
Group Short Term Debt Fund SFIN No.ULGF01322/09/08BSLGSHTDBT109
Fund Manager: Parin Vora | Total Experience: 19 years
Portfolio as on Friday, February 28, 2020
Fund Snapshot Date of Inception: 10-Dec-08Objective:
Strategy:
This ABSLI fund option helps to provide capital preservation at a highlevel of safety & liquidity through judicious investments in high quality short-termdebt instruments.
To actively manage the fund by building a portfolio of fixed incomeinstruments with short-term duration. The quality & duration of the assetspurchased would aim to minimize the credit risk & liquidity risk of the portfolio.Fund will maintain reasonable level of liquidity.
Know the Fund Better
Exposure to Corporate Debt has to from
and MMI has increased to from on
a MOM basis. Over 89% of the fund is invested in highest
rated instruments.
decreased 75.77%
80.28% 24.23% 19.72%
Benchmark: Crisil Short Term Bond Fund Index
Asset held 31.31 Cr`as on 28th February 2020: Modified Duration: 1.54 yearsNAV as on 28th February 2020: 25.0124`
CORPORATE DEBT: 75.77%
7.85% NABARD NCD (MD 23/05/2022) 8.26%
7.10% Power Finance Corporation Ltd NCD(MD 08/08/2022) 8.11%
7.85% Indian Hotels Co Ltd(MD 15/04/2022) S-1 7.24%
8.70% LIC Housing Finance NCD(MD 23/03/2029) 7.01%
9.10% Fullerton India Credit Co.Ltd.NCD(15/12/2021) S- 68 Opt-II 6.70%
8.60% ONGC Petro Additions Limited NCD(MD 11/03/2022) 6.68%
HDB Financial Services Limited Series 124ZCB MD 29/10/2021 5.70%
8.00% Reliance Jio Infocomm LimitedNCD (MD 16/04/2023) 3.34%
8.90% Indiabulls Housing Finance LtdNCD SR. III B (MD 26/09 3.30%
6.93% Ultratech Cement Ltd NCD(MD 25/11/2021) 3.23%
Other Corporate Debt 16.19%
MMI, Deposits, CBLO & Others: 24.23%
ASSET ALLOCATION
AUM (In Cr) as on 28th February 2020
Debt31.31(100%)
Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com
MMI, Deposits,CBLO & Others
24.23%
NCD75.77%
Rating Profile
AAA67.32%21.80%
Sovereign
7.47%AA+
Short Term Debt BM
3.40%AA
Fe
b-1
3
Au
g-1
3
Fe
b-1
4
Au
g-1
4
Fe
b-1
5
Au
g-1
5
Fe
b-1
6
Au
g-1
6
Fe
b-1
7
Au
g-1
7
Fe
b-1
8
Au
g-1
8
Fe
b-1
9
Au
g-1
9
Fe
b-2
0
Group Short Term Debt Fund 2 SFIN No.ULGF02128/11/11BSLGSHTDB2109
Fund Manager: Parin Vora | Total Experience: 19 years
Portfolio as on Friday, February 28, 2020
Fund Snapshot Date of Inception: 28-Nov-11Objective:
Strategy:
This ABSLI fund option helps to provide capital preservation at a highlevel of safety & liquidity through judicious investments in high quality short-termdebt instruments.
To actively manage the fund by building a portfolio of fixed incomeinstruments with short-term duration. The quality & duration of the assetspurchased would aim to minimize the credit risk &liquidity risk of the portfolio.Fund will maintain reasonable level of liquidity.
Know the Fund Better
Exposure to Corporate Debt has decreased to from
and MMI has increased to from on
a MOM basis. Over 100% of the fund is invested in highest
rated instruments.
46.41%
60.50% 53.59% 39.50%
Benchmark: Crisil Short Term Bond Fund Index
Asset held 30.66 Cr`as on 28th February 2020: Modified Duration: 1.24 yearsNAV as on 28th February 2020: 20.8632`
CORPORATE DEBT: 46.41%
7.85% NABARD NCD (MD 23/05/2022) 8.44%
7.35% BPCL Ltd NCD (MD 10/03/2022) 7.69%
8.70% Power Finance Corporation Ltd. NCD
(MD 14/05/2020) 6.23%
8.44% HDFC Bank Ltd. Infra Bond NCD
(MD 28/12/2028) 5.28%
8.58 HDFC Ltd. NCD (MD 18/03/2022) 4.44%
7.95% HDFC Bank Ltd NCD Series-1 2016/17
(MD 21/09/2026) 3.48%
8.40% Nuclear Power Corp Of India Ltd (C)
(MD 28/11/2027) Se 2.81%
6.93% Ultratech Cement Ltd NCD
(MD 25/11/2021) 2.64%
9.75% Rural Electrification Corpn. Ltd. NCD
(MD 11/11/2021) 1.72%
7.10% Power Finance Corporation Ltd NCD
(MD 08/08/2022) 1.66%
Other Corporate Debt 2.03%
MMI, Deposits, CBLO & Others: 53.59%
ASSET ALLOCATION
AUM (In Cr) as on 28th February 2020
Debt30.66(100%)
Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com
Rating Profile
Short Term Debt 2 BM
MMI, Deposits,CBLO & Others
53.59%
NCD46.41%
Sovereign52.57%
AAA47.43%
Fe
b-1
6
Au
g-1
6
Fe
b-1
7
Au
g-1
7
Fe
b-1
8
Au
g-1
8
Fe
b-1
9
Au
g-1
9
Fe
b-2
0
Group Income Advantage Fund SFIN No.ULGF01425/02/10BSLGINCADV109
Fund Manager: Parin Vora | Total Experience: 19 years
Portfolio as on Friday, February 28, 2020
Fund Snapshot Date of Inception: 23-Mar-10Objective:
Strategy:
To provide capital preservation and regular income, at a high level ofsafety over a medium term horizon by investing in high quality debt instruments.
To build and actively manage a portfolio of high quality fixed incomeinstruments with medium-term duration. The fund will invest in governmentsecurities, high rated corporate bonds, high quality money market instruments andother fixed income securities. The quality of the assets purchased would aim tominimize the credit risk and liquidity risk of the portfolio. The fund will maintainreasonable level of liquidity.
Know the Fund Better
Over 96% of the fund remains invested in highest rated
instruments.
Benchmark: Crisil Composite Bond Fund index & Crisil Liquid Fund Index
Asset held 42.91 Cr`as on 28th February 2020: Modified Duration: 4.09 yearsNAV as on 28th February 2020: 23.7504`
MMI, Deposits, CBLO & Others: 6.40%
ASSET ALLOCATION
Rating Profile
AUM (In Cr) as on 28th February 2020
MMI, Deposits,CBLO & Others
6.40%
NCD
45.29%G-Secs
48.31%
AAA45.38%
3.92%AA
Sovereign50.70%
CORPORATE DEBT: 48.31%GOVERNMENT SECURITIES: 45.29%
8.83% GOI 2023 (MD 25/11/2023) 12.80%
9.23% GOI 2043 (MD 23/12/2043) 6.22%
8.20% GOI (MD 15/02/2022) 5.21%
7.50% GOI 2034 (10.08.2034) 5.20%
7.95% GOI 2032 (28.08.2032) 5.12%
8.08% GOI (MD 02/08/2022) 2.58%
8.15% GOI FCI SB Bonds (MD 16/10/2022) 2.55%
7.59% GOI 2026 (MD 11/01/2026) 2.47%
8.30% Fertilizer Co GOI (MD 07/12/2023) 1.45%
8.13% GOI 2045 (MD 22/06/2045) 0.81%
Other Government Securities 0.88%
9.05% Reliance Industries Ltd NCD
(MD 17/10/2028) 6.50%
HDFC Ltd. ZCB (MD 10/05/2021)
Series P-010 6.50%
9.37% Power Finance Corporation Ltd
NCD (MD 19/08/2024) 5.16%
9.15% Export Import Bank Of India
NCD (MD 05/09/2022) 4.95%
8.50% NABARD NCD Sr 19F
(MD 31/01/2023) 4.92%
8.00% Reliance Jio Infocomm Limited NCD
(MD 07/04/2023) 4.87%
2% Tata Steel Ltd NCD (MD 23/04/2022) 3.84%
8.85% Power Finance Corpn. Ltd. NCD
(MD 25/05/2029) 2.58%
8.30% Rural Electrification Corpn. Ltd.
NCD (MD 10/04/2025) 2.50%
9.34% Rural Electrification Corpn. Ltd.
NCD (MD 25/08/2024) 2.06%
Other Corporate Debt 4.43%
Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com
Debt42.91(100%)
Gr. Inc Adv BM
Fe
b-1
3
Au
g-1
3
Fe
b-1
4
Au
g-1
4
Fe
b-1
5
Au
g-1
5
Fe
b-1
6
Au
g-1
6
Fe
b-1
7
Au
g-1
7
Fe
b-1
8
Au
g-1
8
Fe
b-1
9
Au
g-1
9
Fe
b-2
0
Group Gilt Fund SFIN No.ULGF00630/05/03BSLIGRGILT109
Fund Manager: Parin Vora | Total Experience: 19 years
Portfolio as on Friday, February 28, 2020
Fund Snapshot Date of Inception: 28-Apr-04Objective:
Strategy:
The investment fund option aims to deliver safe and consistent returns
over a long-term period by investing in government securities for capitalpreservation of the policyholder.
The investment fund option strategy is to invest in government
securities, maintaining a medium to long-term duration of the portfolio to achievecapital conversation.
Know the Fund Better
Exposure to G-Secs has to from
and MMI has increased to from on a MOM
basis.
decreased 95.92% 96.70%
4.08% 3.30%
Asset held 33.55 Cr`as on 28th February 2020: Modified Duration: 9.87 yearsNAV as on 28th February 2020: 31.9412`
MMI, Deposits, CBLO & Others: 4.08%
ASSET ALLOCATION
Rating Profile
AUM (In Cr) as on 28th February 2020
Sovereign100.00%
GOVERNMENT SECURITIES: 95.92%
8.17% GOI 2044 (MD 01/12/2044) 34.49%
8.83% GOI 2041 (MD 12/12/2041) 22.83%
9.23% GOI 2043 (MD 23/12/2043) 15.16%
8.13% GOI 2045 (MD 22/06/2045) 8.59%
9.15% GOI 2024 (MD 14/11/2024) 2.67%
9.20% GOI 2030 (MD 30/09/2030) 2.47%
8.83% GOI 2023 (MD 25/11/2023) 2.29%
8.30% GOI 2042 (MD 31/12/2042) 2.12%
8.28% GOI 2027 (MD 21/09/2027) 1.64%
8.15% GOI 2022 (MD 11/06/2022) 1.57%
Other Government Securities 2.08%
Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com
Debt33.55(100%)
MMI, Deposits,CBLO & Others
4.08%
G-Secs95.92%
Group Bond Fund SFIN No.ULGF00530/05/03BSLIGRBOND109
Fund Manager: Parin Vora | Total Experience: 19 years
Portfolio as on Friday, February 28, 2020
Fund Snapshot Date of Inception: 28-Jan-07Objective:
Strategy:
The investment fund option aims to achieve capital preservation along
with stable returns by investing in corporate bonds over medium-term period.
The fund follows a strategy to invest in high credit rated corporate
bonds, maintaining a short-term duration of the portfolio at a medium level of riskto achieve capital conservation.
Know the Fund Better
Exposure to Corporate Debt has to from
and MMI has to from on
a MOM basis. Over 90% of the fund remains invested in
highest rated instruments.
increased 72.78%
66.06% decreased 27.22% 33.94%
Asset held 664.06 Cr`as on 28th February 2020: Modified Duration: 2.60 yearsNAV as on 28th February 2020: 35.8762`
CORPORATE DEBT: 72.78%
7.33% IRFC NCD (MD 28/08/2027) 7.59%
8.70% HDFC Ltd NCD (MD 15/12/2020) 3.84%
6.98% NABARD NCD (MD 30/09/2020) 18G 3.03%
8.65% Power Finance Corpn. Ltd. NCD (MD
28/12/2024) 2.65%
9.37% Power Finance Corporation Ltd NCD
(MD 19/08/2024) 2.50%
8.30% Rural Electrification Corpn. Ltd. NCD
(MD 10/04/2025) 2.42%
8.18% NABARD NCD (MD 26/12/2028) 2.42%
7.40% Rural Electrification Corpn. Ltd. NCD
(MD 26/11/2024) 2.34%
8.70% LIC Housing Finance NCD
(MD 23/03/2029) 2.15%
Bharti Telecom Ltd. ZCB (MD 19/02/2021)
Series 2 1.82%
Other Corporate Debt 42.02%
ASSET ALLOCATION
Rating Profile
AUM (In Cr) as on 28th February 2020
MMI, Deposits,CBLO & Others
27.22%
NCD72.78%
Benchmark: Crisil AAA Medium Term Bond Index, Crisil AA Medium Term Bond Index & Crisil Liquid Fund Index
Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com
Debt664.06(100%)
AAA70.83%
Sovereign13.51%
A1+5.54%
AA4.87%
AA+4.44%MMI, Deposits, CBLO & Others: 27.22%
Gr.Bond BM
AA-0.81%
Fe
b-1
3
Au
g-1
3
Fe
b-1
4
Au
g-1
4
Fe
b-1
5
Au
g-1
5
Fe
b-1
6
Au
g-1
6
Fe
b-1
7
Au
g-1
7
Fe
b-1
8
Au
g-1
8
Fe
b-1
9
Au
g-1
9
Fe
b-2
0
Group Fixed Interest Fund SFIN No.ULGF00416/07/02BSLGFIXINT109
Fund Manager: Parin Vora | Total Experience: 19 years
Portfolio as on Friday, February 28, 2020
Fund Snapshot Date of Inception: 18-Nov-02Objective:
Strategy:
The investment fund option with full exposure in debt market
instrument, aims to achieve value creation at low risk over along-term horizon byinvesting into high quality fixed interest securities.
Active fund management at a medium level of risk by having entire
exposure to government securities, corporate bonds maintaining medium to long-term duration of the portfolio to achieve capital conservation.
Know the Fund Better
Exposure to Corporate Debt has to from
G-Secs has decreased to from
and MMI has to from on a MOM
basis. Over 89% of the fund remains invested in highest
rated instruments.
decreased 52.15%
54.27% 29.25% 30.61%
increased 18.60% 15.13%
Modified Duration: 4.09 yearsNAV as on 28th February 2020: 43.3048`
GOVERNMENT SECURITIES: 29.25%
8.13% GOI 2045 (MD 22/06/2045) 4.18%
7.61% GOI 2030 (MD 09/05/2030) 4.03%
7.59% GOI 2026 (MD 11/01/2026) 3.36%
8.97% GOI 2030 (MD 05/12/2030) 2.85%
8.33% GOI 2026 (MD 09/07/2026) 2.80%
8.60% GOI 2028 (MD 02/06/2028) 2.70%
8.83% GOI 2041 (MD 12/12/2041) 1.95%
8.17% GOI 2044 (MD 01/12/2044) 1.90%
8.67% State Developement -
Maharashtra 2026 (MD 24/02/2026) 1.50%
7.72% GOI 2025 (MD 25/05/2025) 1.46%
Other Government Securities 2.52%
MMI, Deposits, CBLO & Others: 18.60%
ASSET ALLOCATION
Rating Profile
AUM (In Cr) as on 28th February 2020
MMI, Deposits,CBLO & Others
18.60%
NCD52.15%
G-Secs29.25%
AAA
AA5.06%
AA+3.64%
AA-2.25%
A1+3.62%
43.04%Sovereign
42.39%
Benchmark: Crisil Composite Bond Fund index & Crisil Liquid Fund Index
CORPORATE DEBT: 52.15%
9.05% Reliance Industries Ltd NCD
(MD 17/10/2028) 3.05%
8.30% Rural Electrification Corpn. Ltd.
NCD (MD 10/04/2025) 2.20%
9.25% Reliance Jio Infocomm Limited
NCD (MD 16/06/2024) 2.17%
10.90% AU Small Finance Bank Limited
NCD (MD 30/05/2025) 1.96%
9.05 HDFC Ltd. NCD Series U-001
(MD 16/10/2028) 1.91%
8.95% Reliance Industries Ltd NCD
(MD 09/11/2028)Ppd Series H 1.90%
LIC Housing Finance Ltd. ZCB Opt-1
(MD 25/03/2021) 1.88%
7.75% Mangalore Refinery &
Petrochemicals Ltd (MD 29/01/2030) 1.78%
8.00% National Housing Bank
(Call/Put22/05/2020 MD 22/02/2022) 1.75%
7.54% IRFC NCD (MD 31/10/2027) 1.74%
Other Corporate Debt 31.82%
Asset held 1461.54 Cr`as on 28th February 2020:
Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com
Debt1461.54(100%)
Fixed Interest BM
Fe
b-1
3
Au
g-1
3
Fe
b-1
4
Au
g-1
4
Fe
b-1
5
Au
g-1
5
Fe
b-1
6
Au
g-1
6
Fe
b-1
7
Au
g-1
7
Fe
b-1
8
Au
g-1
8
Fe
b-1
9
Au
g-1
9
Fe
b-2
0
Group Fixed Interest Fund 2 SFIN No.ULGF01728/11/11BSLGFXINT2109
Fund Manager: Parin Vora | Total Experience: 19 years
Portfolio as on Friday, February 28, 2020
Fund Snapshot Date of Inception: 28-Nov-11Objective:
Strategy:
The investment fund option with full exposure in debt market
instrument, aims to achieve value creation at low risk over along-term horizon byinvesting into high quality fixed interest securities.
Active fund management at a medium level of risk by having entire
exposure to government securities, corporate bonds maintaining medium to long-term duration of the portfolio to achieve capital conservation.
Know the Fund Better
Exposure to G-Secs has to from
and MMI has to from on a MOM
basis. 100% of the fund remains invested in highest rated
instruments.
decreased 93.93% 96.73%
increased 6.07% 3.27%
Asset held 3.24 Cr`as on 28th February 2020: Modified Duration: 4.22 yearsNAV as on 28th February 2020: 22.9824`
GOVERNMENT SECURITIES: 93.93%
8.20% GOI 2025 (MD 24/09/2025) 93.93%
MMI, Deposits, CBLO & Others: 6.07%
ASSET ALLOCATION
Rating Profile
AUM (In Cr) as on 28th February 2020
MMI, Deposits,CBLO & Others
6.07%
G-Secs93.93%
Sovereign100.00%
Benchmark: Crisil Composite Bond Fund index & Crisil Liquid Fund Index
Aditya Birla Sun Life Insurance Company Limited | adityabirlasunlifeinsurance.com
Debt3.24(100%)
FIF 2 BM
Fe
b-1
6
Au
g-1
6
Fe
b-1
7
Au
g-1
7
Fe
b-1
8
Au
g-1
8
Fe
b-1
9
Au
g-1
9
Fe
b-2
0