Professional Documents
Culture Documents
Click to access:
Linked Life Funds
The Investment Team Advises 5 Mantras of Financial Freedom How we Manage your Money
Performance Summary
As on October 31, 2011
Equity Market
Date of Inception 28-Jun-04 15-Nov-01 15-Nov-01 15-Nov-01 20-Mar-07 20-Mar-07 26-Nov-07 17-Mar-08 22-Jun-04 31-May-02 31-May-02 31-May-02 20-Mar-07 20-Mar-07 25-Feb-08 18-Mar-08
Movement of Sensex and Nifty Sensex 18,000 17,500 17,000 Nifty 5,500 5,400 5,300 5,200 5,100 5,000 4,900 4,800 4,700 4,600 4,500 4,400 3-Oct 4-Oct 5-Oct 7-Oct 10-Oct 11-Oct 12-Oct 13-Oct 14-Oct 17-Oct 18-Oct 19-Oct 20-Oct 21-Oct 24-Oct 25-Oct 26-Oct 28-Oct 31-Oct 10%
Annualised returns (Fund) Fund* 3 Year Preserver 8.21% Protector** 8.08% Balancer** 12.97% Maximiser 19.91% Flexi Growth 20.16% Flexi Balanced 13.94% Multiplier 20.58% R.I.C.H. Fund 19.28% Pension Preserver 8.03% Pension Protector 7.69% Pension Balancer 10.88% Pension Maximiser 19.88% Pension Flexi Growth 21.69% Pension Flexi Balanced 13.65% Pension Multiplier Fund 16.42% Pension R.I.C.H. Fund 20.15% 5 Year 8.52% 7.39% 8.51% 8.30% NA NA NA NA 8.42% 7.31% 7.25% 8.16% NA NA NA NA Since Inception 7.72% 6.81% 12.48% 20.85% 7.99% 6.80% -0.15% 6.72% 7.56% 6.93% 12.64% 21.98% 7.89% 7.80% -0.25% 6.94%
Annualized Returns (Benchmark) 3 Year 6.17% 7.00% 13.17% 22.90% 23.73% 16.76% 22.67% 23.45% 6.17% 7.00% 13.17% 22.90% 23.73% 16.76% 22.67% 23.45% 5 Year 6.72% 5.99% 7.32% 6.85% NA NA NA NA 6.72% 5.99% 7.32% 6.85% NA NA NA NA Since Inception 6.16% 5.82% 10.63% 17.92% 7.16% 7.91% -1.85% 4.49% 6.16% 5.88% 11.21% 19.13% 7.16% 7.91% 0.65% 4.57%
5 Year Sharpe Ratio Fund -0.23 -0.28 0.04 0.13 NA NA NA NA -0.33 -0.33 -0.08 0.12 NA NA NA NA Benchmark -2.78 -0.75 -0.05 0.11 NA NA NA NA -2.78 -0.75 -0.05 0.11 NA NA NA NA
Debt Market
Yield Curve 29-Sep 31-Oct
9%
8%
7%
6m
1y
2y
3y
4y Maturity
5y
6y
7y
10y
30y
*Fund details including Segregated Fund Identification Number (SFIN) provided on subsequent pages **From the date of inception of the benchmark (2-April-2002)
Equity: NIFTY rallied ~8% for the month of October on the back of Europes comprehensive rescue plan. The net FII flows for the month stood at a + $0.50bn after being sellers for two months. Domestic institutions were sellers to the tune of $.53bn, after being buyers for the last two months. Economic data on the domestic front continued to be disappointing. Inflation rate continued to be high at 9.72% yoy for the month of September, while IP growth for the month of August came in at 4.1%. In its October monetary policy, RBI further increased policy rates by 25 basis points and it also guided the future rate hikes were unlikely. The quarterly results reported in the month of October were mixed as some companies reported ahead of expectations, while others missed. Gainers for the month included autos, IT and metal stocks. Outlook: We maintain our neutral view on the markets. With the European debt crisis far from being resolved and concerns on global growth lingering, the markets are likely to witness fair amount of volatility. On the domestic front, while RBI has indicated a lower probability of further rate hikes, strength in crude and food prices is likely to keep inflation rate high. Thus, the possibility of interest rates coming down in a hurry is low. Upcoming results as well as stock specific factors will be the key drivers of performance in the coming weeks. Sensex valuations 15x FY12E0, which are higher than historical mean is likely to limit the upside. We continue to believe that Indias long term growth story remains intact and offers great investment opportunities.
KEY INDICATORS
Economic Indicators Rs/$ F/X Reserve($ bln) Oil Gold (Rs./10 gm) FII Fund flow (INR mn) MF Fund flow (INR mn) DII Fund flow (INR mn) DII - MF fund flow Oct 31, 2011 48.70 318.358 93.19 27,201 24,691 -3,617 -22,953 -19,336 Oct 2011 9.72% Sep 30, 2011 48.97 312.707 82.34 25,951 -11,468 -7,771 17,471 25,242 Change -0.56% 1.81% 13.18% 4.82% 36,159 4,154 -40,423 -44,577 Equity Indices BSE SENSEX S&P CNX NIFTY (50) INDIA BSE MIDCAP CNX MIDCAP INDEX Oct 31, 2011 17,705 5,327 6,298 7,267 Oct 31, 2011 11,955 19,865 5,544 8,988 Oct 31, 2011 8.58% 8.84% 9.66% 8.88% 9.74% Sep 30, 2011 16,454 4,943 6,130 7,094 Sep 30, 2011 10,913 17,592 5,128 8,700 Sep 30, 2011 8.32% 8.32% 9.51% 8.42% 9.56% % Change 7.6 7.8 2.7 2.4
Fixed Income: In the monetary policy meeting held in October, RBI hiked Repo rate by 0.25% to 8.50%, which was in line with market expectations. CRR remains unchanged at 6% and Reverse Repo rate and Marginal Standing Facility (MSF) rate stand automatically adjusted to 7.50% and 9.50% respectively. The accompanying statement came as a relief for the bond market as RBI said that likelihood of a rate action in December mid quarter review was relatively low. RBI also added that if the inflation trajectory headed downwards, further rate hikes may not be warranted. RBI projected inflation to start falling by December 2011 and reach 7% by March 2012. RBI acknowledged the downside risks to domestic growth given the uncertain global environment and hence downwardly revised the GDP for the current fiscal year to 7.6% from a previous 8%. What may be construed as a landmark in policy change, RBI deregulated the savings rate of banks. This is expected the increase the cost of borrowings of banks. The IIP figure for the month of August was noted at 4.1%. WPI inflation for the month of September was noted at 9.72%. The Indian Rupee appreciated to 48.70 against the dollar as on 31 October 2011. Outlook: We remain neutral on the bond market. We believe that inflation has already peaked and that going forward, inflation should sequentially head southwards. Correction in global commodity prices together with weaker domestic growth should further support the bond market. We expect RBI to announce Open Market Operation (OMO) around mid-December 2011. All these factors are expected to support the bond market. Concerns on fiscal slippage and continued supply of government bonds will keep the upward pressure on yields. Global developments will continue to play a major role in shaping the yield movements. We expect Indian rupee to remain range bound against the dollar.
Global Indices Dow jones industrials Hang seng Ftse 100 Nikkei 225 stock average Fixed Income Yields NSE Mibor 5 year G-Sec 5 year AAA 10 year G-Sec 10 year AAA
22.90 7.00%
Balancer
As on October 31, 2011
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.
Dynamic P/E
PORTFOLIO
AUM (Rs. Million): 18,764.04
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & equity related securities Debt, Money Market & Cash
Max (%)
40 100
Min (%)
0 60
Asset Allocation
EQUITY DEBT OTHER CURRENT ASSET & EQUIVALENT TOTAL
Allocation in Fund
33.89% 55.91% 10.20% 100.00%
RISK PROFILE Expected return BENCHMARK 35% BSE 100&65% CRISIL Composite Bond Index
Allocation as a % in Equity
16.19% 16.09% 13.99% 10.95% 10.60%
Allocation as a % in Equity
10.52% 8.68% 8.45% 8.01% 6.63% 6.31% 5.44% 5.01% 4.49% 3.60%
ANNUALIZED RETURNS
14.00% 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% 3 Year 5 Year Since inception*
NAV GROWTH
36.00 34.00 32.00 30.00 28.00 26.00 24.00 22.00 20.00 18.00 16.00 14.00 12.00 10.00 Apr-02 Aug-04 Jan-07 Jun-09 Oct-11
Allocation in Fund
10.80% 29.27% 19.63% 3.09% 6.55% 0.10% 0.10% 0.00% 15.73%
Balancer
Benchmark
Balancer
Benchmark
41.49
44.43
9.83%
* calculated with effect from 2-Apr-02, as benchmark did not exist before this date
Click Here
Protector
As on October 31, 2011
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.
Dynamic P/E
PORTFOLIO
AUM (Rs. Million): 15,969.89
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & equity related securities Debt, Money Market & Cash
Max (%)
0 100
Min (%)
0 100
Asset Allocation
GOVERNMENT SECURITIES/ T BILLS CORPORATE SECURITIES AAA AND EQUIVALENT AA+ AND EQUIVALENT AA EQUIVALENT AND BELOW CORPORATE MONEY MARKET SECURITIES COMMERCIAL PAPER (P1+ AND EQUIVALENT) CERTIFICATE OF DEPOSIT (P1+ AND EQUIVALENT) FIXED DEPOSITS WITH BANKS OTHER CURRENT ASSETS AND EQUIVALENT TOTAL
Allocation in Fund
17.81% 42.98% 30.83% 4.67% 7.47% 1.69% 1.69% 0.00% 24.15% 13.37% 100.00%
Portfolio By Maturity
< 1 year 1-5 years 5-7 years 7-10 years > 10 years TOTAL
Allocation in Fund
36.09% 37.82% 1.77% 22.43% 1.88% 100.00%
ANNUALIZED RETURNS
9.00% 8.00% 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% 3 Year 5 Year Since inception*
NAV GROWTH
22.00 21.00 20.00 19.00 18.00 17.00 16.00 15.00 14.00 13.00 12.00 11.00 10.00 Nov-01 Apr-03 Sep-04 Feb-06 Jul-07 Dec-08 May-10 Oct-11
Average Maturity of Debt Portfolio (Months) Average Maturity of Benchmark (Months) Yield to Maturity of Debt Portfolio
Protector
Benchmark
Protector
Benchmark
* calculated with effect from 2-Apr-02, as benchmark did not exist before this date
Click Here
Maximiser
As on October 31, 2011
FUND OBJECTIVE To generate long-term capital appreciation through investment primarily in equity and equity-related instruments.
Dynamic P/E
PORTFOLIO
AUM (Rs. Million): 74,630.54
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & equity related securities Debt, Money Market & Cash
Max (%)
100 25
Min (%)
75 0
Asset Allocation EQUITY DEBT AND OTHER CURRENT ASSETS & EQUIVALENT TOTAL
9.07% 100.00%
Allocation as a % in Equity
17.33% 16.01% 11.75% 11.24% 10.70% 7.40% 6.67% 5.63% 3.64% 2.39% 2.26% 1.84% 1.16% 1.03% 0.56% 0.40%
ANNUALIZED RETURNS
25.00%
NAV GROWTH
80.00 72.00
20.00%
Allocation as a % in Equity
9.59% 8.99% 7.88% 6.70% 6.67% 6.44% 5.67% 5.38% 5.17% 4.10% 3.30% 3.20% 2.84% 2.79% 2.39% 2.08% 1.96% 1.87% 1.23% 1.07%
64.00 56.00
15.00%
10.00%
5.00%
24.00 16.00
8.00 Nov-01 Dec-02 Feb-04 Mar-05 Apr-06 May-07 Jul-08 Aug-09 Sep-10 Oct-11
Maximiser
Benchmark
Maximiser
Benchmark
Click Here
Preserver
As on October 31, 2011
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.
Dynamic P/E
PORTFOLIO
AUM (Rs. Million): 3,855.03
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & equity related securities Debt instruments Money Market & Cash
Max (%)
0 50 100
Min (%)
0 0 50
Asset Allocation
GOVERNMENT SECURITIES/ T BILLS CORPORATE SECURITIES AAA AND EQUIVALENT AA+ AND EQUIVALENT AA EQUIVALENT AND BELOW CORPORATE MONEY MARKET SECURITIES COMMERCIAL PAPER (P1+ AND EQUIVALENT) CERTIFICATE OF DEPOSIT (P1+ AND EQUIVALENT) FIXED DEPOSITS WITH BANKS OTHER CURRENT ASSETS AND EQUIVALENT TOTAL
Allocation in Fund
0.00% 3.87% 3.46% 0.41% 0.00% 57.64% 57.64% 0.00% 32.72% 5.77% 100.00%
Portfolio by Maturity
< 1 year 1-5 years 5-7 years 7-10 years > 10 years TOTAL
Allocation in Fund
92.44% 7.56% 0.00% 0.00% 0.00% 100.00%
ANNUALIZED RETURNS
10.00%
NAV GROWTH
18.00 17.00
8.00%
16.00 15.00 14.00
Average Maturity of Debt Portfolio (Months) 4.62 Average Maturity of Debt Benchmark (Months) 2.23 Yield to Maturity of Debt Portfolio 9.73%
6.00%
4.00%
13.00 12.00
2.00%
11.00
10.00 Jun-04 Mar-05 Jan-06 Nov-06 Sep-07 Jul-08 May-09 Mar-10 Dec-10 Oct-11
Preserver
Benchmark
Preserver
Benchmark
Click Here
Multiplier
As on October 31, 2011
FUND OBJECTIVE To provide long-term capital appreciation from equity portfolio predominantly invested in NIFTY scrips.
Dynamic P/E
PORTFOLIO
AUM (Rs. Million): 19,625.28
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & equity related securities Debt, Money Market & Cash
Max (%)
100 20
Min (%)
80 0
Asset Allocation
EQUITY DEBT AND OTHER CURRENT ASSET & EQUIVALENT TOTAL
Allocation in Fund
94.12% 5.88% 100.00%
Sector Allocation
BANK OIL & GAS TECHNOLOGY AUTO METALS & MINERALS CONSUMER INFRASTRUCTURE TELECOM CEMENT OTHERS FINANCE MEDIA PHARMA & HEALTHCARE EPC CAPITAL GOODS
Allocation as a % in Equity
19.14% 18.90% 12.40% 9.85% 8.58% 7.97% 6.48% 4.46% 3.33% 2.38% 2.01% 1.57% 1.38% 1.01% 0.54%
ANNUALIZED RETURNS
25.00% 20.00% 15.00% 10.00% 5.00% 0.00% -5.00% -10.00% -15.00% 1 Year 3 Year Since inception
-0.15
NAV GROWTH
12.00 11.00 10.00 9.00 8.00 7.00 6.00 5.00 4.00 Nov-07 Sep-08 Jun-09 Apr-10 Jan-11 Oct-11
Allocation as a % in Equity
9.83% 7.81% 7.70% 7.15% 7.03% 4.85% 4.46% 4.16% 3.52% 2.87% 2.86% 2.79% 2.60% 2.57% 1.88% 1.81% 1.72% 1.63% 1.57% 1.55%
Multiplier
Benchmark
Multiplier
Benchmark
Click Here
RICH
As on October 31, 2011
FUND OBJECTIVE To generate superior long-term returns from a diversified portfolio of equity and equity related instruments of companies operating in four important types of industries, viz., Resources, Investment-related, Consumption-related and Human Capital leveraged industries.
Dynamic P/E
PORTFOLIO
AUM (Rs. Million): 28,903.70
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & equity related securities Debt, Money Market & Cash
Max (%)
100 20
Min (%)
80 0
Asset Allocation
EQUITY DEBT AND OTHER CURRENT ASSET & EQUIVALENT TOTAL
Allocation in Fund
96.90% 3.10% 100.00%
Sector Allocation
BANK OIL & GAS TECHNOLOGY CONSUMER AUTO TELECOM METALS & MINERALS INFRASTRUCTURE PHARMA & HEALTHCARE FINANCE CAPITAL GOODS CEMENT EPC OTHERS RETAIL REAL ESTATE MEDIA
Allocation as a % in Equity
21.73% 15.78% 9.99% 7.72% 7.27% 5.96% 5.63% 5.61% 5.10% 4.18% 3.25% 2.55% 2.21% 1.45% 0.74% 0.51% 0.31%
ANNUALIZED RETURNS
30.00%
NAV GROWTH
16.00 15.00
20.00%
14.00 13.00
Allocation as a % in Equity
7.73% 6.96% 6.86% 5.32% 4.41% 3.61% 3.15% 3.11% 3.10% 3.06% 2.31% 2.15% 2.05% 1.90% 1.80% 1.80% 1.73% 1.73% 1.68% 1.65%
10.00%
0.00%
9.00 8.00
-10.00%
7.00 6.00
5.00 Mar-08 Jul-08 Dec-08 Apr-09 Aug-09 Jan-10 May-10 Sep-10 Feb-11 Jun-11 Oct-11
RICH
Benchmark
RICH
Benchmark
Click Here
Flexi Balanced
As on October 31, 2011
FUND OBJECTIVE To achieve a balance between capital appreciation and stable returns by investing in a mix of equity and equity related instruments of large, mid and small cap companies and debt and debt related instruments.
Dynamic P/E
PORTFOLIO
AUM (Rs. Million): 2,496.03
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & equity related securities Debt, Money Market & Cash
Max (%)
60 100
Min (%)
0 40
Asset Allocation
EQUITY DEBT OTHER CURRENT ASSET & EQUIVALENT TOTAL
Allocation in Fund
53.32% 39.05% 7.63% 100.00%
RISK PROFILE Expected return BENCHMARK 55% CNX 500 & 45% CRISIL Composite Bond Index
Allocation as a % in Equity
20.89% 12.67% 11.07% 10.47% 9.80%
Allocation as a % in Equity
6.47% 6.10% 5.43% 4.38% 4.09% 3.70% 3.36% 3.27% 3.26% 2.95%
ANNUALIZED RETURNS
20.00% 15.00% 10.00%
NAV GROWTH
16.00 15.00 14.00 13.00 12.00 11.00
Allocation in Fund
7.73% 18.99% 12.79% 1.98% 4.22% 0.07% 0.07% 0.00% 12.26%
5.00% 0.00%
10.00
Flexi Balanced
Benchmark
Flexi Balanced
Benchmark
Average Maturity of Debt Portfolio (Months) Average Maturity of Debt Benchmark (Months) Yield to Maturity of Debt Portfolio
Click Here
Flexi Growth
As on October 31, 2011
FUND OBJECTIVE To generate superior long-term returns from a diversified portfolio of equity and equity related instruments of large, mid and small cap companies.
Dynamic P/E
PORTFOLIO
AUM (Rs. Million): 58,252.63
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & equity related securities Debt, Money Market & Cash
Max (%)
100 20
Min (%)
80 0
Asset Allocation
EQUITY DEBT AND OTHER CURRENT ASSET & EQUIVALENT TOTAL
Allocation in Fund
91.36% 8.64% 100.00%
Sector Allocation
BANK OIL & GAS TECHNOLOGY CONSUMER INFRASTRUCTURE AUTO METALS & MINERALS TELECOM PHARMA & HEALTHCARE CEMENT FINANCE OTHERS CAPITAL GOODS EPC MEDIA
Allocation as a % in Equity
18.07% 16.00% 11.70% 9.33% 8.36% 7.84% 7.32% 4.28% 4.11% 3.72% 2.95% 2.65% 2.50% 0.87% 0.30%
ANNUALIZED RETURNS
30.00%
NAV GROWTH
19.00 18.00
Allocation as a % in Equity
7.26% 6.69% 6.47% 4.99% 4.77% 4.49% 3.80% 3.62% 3.56% 3.10% 2.75% 2.70% 2.64% 2.44% 2.10% 2.06% 1.65% 1.62% 1.55% 1.49%
20.00%
10.00%
0.00%
11.00 10.00
-10.00%
Flexi Growth
Benchmark
Flexi Growth
Benchmark
Click Here
Bluechip
As on October 31, 2011
FUND OBJECTIVE To provide long-term capital appreciation from equity portfolio predominantly invested in large cap stocks.
Dynamic P/E
PORTFOLIO
AUM (Rs. Million): 787.81
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & equity related securities Debt, Money Market & Cash
Max (%)
100 20
Min (%)
80 0
Asset Allocation
EQUITY DEBT AND OTHER CURRENT ASSET & EQUIVALENT TOTAL
Allocation in Fund
97.30% 2.70% 100.00%
Sector Allocation
BANK TECHNOLOGY OIL & GAS FINANCE CONSUMER METALS & MINERALS TELECOM EPC AUTO CEMENT RETAIL INFRASTRUCTURE OTHERS PHARMA & HEALTHCARE CAPITAL GOODS
Allocation as a % in Equity
23.76% 15.97% 12.18% 9.27% 8.86% 7.95% 5.48% 4.57% 4.12% 4.07% 1.19% 1.09% 1.09% 0.41% 0.00%
ANNUALIZED RETURNS
5.00%
NAV GROWTH
13.00
Allocation as a % in Equity
9.26% 9.21% 8.86% 5.75% 4.85% 4.75% 4.57% 4.54% 4.38% 4.00% 3.77% 3.12% 2.82% 2.80% 2.32% 2.20% 2.08% 2.07% 1.63% 1.60%
0.72% 0.00%
12.00
-5.00%
11.00
-10.00%
10.00
Bluechip
Benchmark
Bluechip
Benchmark
Click Here
Income
As on October 31, 2011
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.
Dynamic P/E
PORTFOLIO
AUM (Rs. Million): 2,301.86
ASSET ALLOCATION
Indicative Portfolio Allocation
Debt Instruments, Money Market & Cash
Max (%)
100
Min (%)
100
Asset Allocation
GOVERNMENT SECURITIES/ T BILLS CORPORATE SECURITIES AAA AND EQUIVALENT AA+ AND EQUIVALENT AA EQUIVALENT AND BELOW CORPORATE MONEY MARKET SECURITIES COMMERCIAL PAPER (P1+ AND EQUIVALENT) CERTIFICATE OF DEPOSIT (P1+ AND EQUIVALENT) FIXED DEPOSITS WITH BANKS OTHER CURRENT ASSETS AND EQUIVALENT TOTAL
Allocation in Fund
13.86% 35.50% 24.12% 2.35% 9.03% 16.55% 16.55% 0.00% 14.10% 19.99% 100.00%
Portfolio by Maturity
< 1 year 1-5 years 5-7 years 7-10 years > 10 years TOTAL
Allocation in Fund
48.70% 30.62% 1.43% 17.85% 1.40% 100.00%
ANNUALIZED RETURNS
8.00% 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% 1 Year Since inception
NAV GROWTH
11.50 11.25 11.00 10.75 10.50 10.25 10.00 9.75 9.50 Nov-09 May-10 Nov-10 May-11 Oct-11
34.30 9.74%
Income
Benchmark
Income
Benchmark
Click Here
Money Market
As on October 31, 2011
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.
Dynamic P/E
PORTFOLIO
AUM (Rs. Million): 916.43
ASSET ALLOCATION
Indicative Portfolio Allocation
Debt Instruments Money Market & Cash
Max (%)
50 100
Min (%)
0 50
Asset Allocation
GOVERNMENT SECURITIES/ T BILLS CORPORATE SECURITIES AAA AND EQUIVALENT AA+ AND EQUIVALENT AA EQUIVALENT AND BELOW CORPORATE MONEY MARKET SECURITIES COMMERCIAL PAPER (P1+ AND EQUIVALENT) CERTIFICATE OF DEPOSIT (P1+ AND EQUIVALENT) FIXED DEPOSITS WITH BANKS OTHER CURRENT ASSETS AND EQUIVALENT TOTAL
Allocation in Fund
0.00% 3.25% 3.25% 0.00% 0.00% 59.87% 59.87% 0.00% 29.66% 7.22% 100.00%
Portfolio by Maturity
< 1 year 1-5 years 5-7 years 7-10 years > 10 years TOTAL
Allocation in Fund
92.54% 7.46% 0.00% 0.00% 0.00% 100.00%
ANNUALIZED RETURNS
10.00%
NAV GROWTH
11.50
8.00%
11.25
Average Maturity of Debt Portfolio (Months) 4.61 Average Maturity Of Debt Benchmark (months) 2.23 Yield to Maturity of Debt Portfolio 9.79%
11.00
6.00%
10.75
4.00%
10.50
2.00%
10.25
Money Market
Benchmark
Money Market
Benchmark
Click Here
Opportunity
As on October 31, 2011
FUND OBJECTIVE To generate superior long-term returns from a diversified portfolio of equity and equity related instruments of companies operating in four important types of industries viz., Resources, Investment-related, Consumption-related and Human Capital leveraged industries.
Dynamic P/E
PORTFOLIO
AUM (Rs. Million): 1,723.55
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & equity related securities Debt, Money Market & Cash
Asset Allocation
Max (%)
100 20
Min (%)
80 0
Allocation in Fund
82.44% 17.56% 100.00%
Sector Allocation
BANK OIL & GAS TECHNOLOGY METALS & MINERALS CONSUMER FINANCE INFRASTRUCTURE AUTO TELECOM EPC OTHERS CEMENT CAPITAL GOODS MEDIA PHARMA & HEALTHCARE REAL ESTATE RETAIL
Allocation as a % in Equity
14.24% 13.77% 13.02% 10.78% 10.00% 5.60% 5.30% 4.98% 4.65% 4.21% 3.81% 3.49% 2.51% 1.46% 1.12% 1.00% 0.05%
ANNUALIZED RETURNS
5.00%
NAV GROWTH
13.00
0.00%
12.00
Allocation as a % in Equity
8.92% 8.73% 6.52% 5.62% 4.38% 4.36% 4.11% 3.85% 2.74% 2.58% 2.39% 2.28% 1.97% 1.93% 1.88% 1.75% 1.59% 1.56% 1.52% 1.47%
-5.00%
11.00
-10.00%
10.00
-15.00%
Opportunity
Benchmark
Opportunity
Benchmark
Click Here
Dynamic P/E
As on October 31, 2011
FUND OBJECTIVE To provide long term capital appreciation through dynamic asset allocation between equity and debt. The allocation in equity and equity related securities is determined by reference to the P/E multiple of a basket of 50 large cap stocks1; the remainder is to be invested in debt instruments, money market and cash.
1
Dynamic P/E
PORTFOLIO
AUM (Rs. Million): 10,786.65
ASSET ALLOCATION
Indicative Portfolio Allocation
Debt Instruments and Derivaties Equity and Equity related securities
Max (%)
100 100
Min (%)
0% 0%
Asset Allocation
EQUITY DEBT OTHER CURRENT ASSET & EQUIVALENT TOTAL
Allocation in Fund
93.77% 3.31% 2.92% 100.00%
Allocation as a % in Equity
18.11% 14.47% 13.83% 9.06% 8.54%
Allocation as a % in Equity
9.01% 8.91% 7.65% 6.75% 6.18% 4.70% 4.69% 3.50% 2.86% 2.76%
ANNUALIZED RETURNS
6.00% 4.00% 2.00% 0.00%
NAV GROWTH
12.50 12.00 11.50
Allocation in Fund
3.29% 0.01% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00%
-2.00%
10.50
GOVERNMENT SECURITIES/ T BILLS CORPORATE SECURITIES AAA AND EQUIVALENT AA+ AND EQUIVALENT AA EQUIVALENT AND BELOW CORPORATE MONEY MARKET SECURITIES COMMERCIAL PAPER (P1+ AND EQUIVALENT) CERTIFICATE OF DEPOSIT (P1+ AND EQUIVALENT) FIXED DEPOSITS WITH BANKS
Dynamic P/E
Benchmark
Dynamic P/E
Benchmark
Average Maturity Of Debt Portfolio (months) Yield To Maturity Of Debt Portfolio *** Last declared NAV (31-Oct-2011)
71.40 8.87%
Click Here
Dynamic P/E
PORTFOLIO
AUM (Rs. Million): 709.72
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & Equity Related Securities Debt, Money Market & Cash
Max (%)
60 100
Min (%)
0 40
Asset Allocation
EQUITY DEBT OTHER CURRENT ASSET & EQUIVALENT TOTAL
Allocation in Fund
52.99% 30.66% 16.35% 100.00%
RISK PROFILE Expected return BENCHMARK CNX 500 - 55% CRISIL - 45%
Allocation as a % in Equity
20.40% 10.75% 9.69% 9.37% 8.11%
Allocation as a % in Equity
6.18% 5.81% 5.67% 4.52% 3.49% 3.14% 3.12% 3.11% 3.06% 2.89%
ANNUALIZED RETURNS
4.00%
NAV GROWTH
12.00
2.00%
11.50
Allocation in Fund
7.28% 8.76% 6.47% 0.84% 1.45% 6.98% 6.98% 0.00% 7.65%
-2.00%
10.50
-4.00%
10.00
GOVERNMENT SECURITIES/ T BILLS CORPORATE SECURITIES AAA AND EQUIVALENT AA+ AND EQUIVALENT AA EQUIVALENT AND BELOW CORPORATE MONEY MARKET SECURITIES COMMERCIAL PAPER (P1+ AND EQUIVALENT) CERTIFICATE OF DEPOSIT (P1+ AND EQUIVALENT) FIXED DEPOSITS WITH BANKS
Benchmark
Benchmark
Average Maturity Of Debt Portfolio (months) 42.67 Average Maturity Of Debt Benchmark (months) 44.43 Yield To Maturity Of Debt Portfolio 9.67% *** Last declared NAV (31-Oct-2011)
Click Here
Dynamic P/E
PORTFOLIO
AUM (Rs. Million): 6,528.70
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & equity related securities Debt, Money Market & Cash
Max (%)
100 20
Min (%)
80 0
Asset Allocation
EQUITY DEBT AND OTHER CURRENT ASSET & EQUIVALENT TOTAL
Allocation in Fund
82.31% 17.69% 100.00%
Sector Allocation
BANK OIL & GAS TECHNOLOGY METALS & MINERALS AUTO INFRASTRUCTURE CONSUMER TELECOM OTHERS CEMENT PHARMA & HEALTHCARE FINANCE CAPITAL GOODS EPC REAL ESTATE MEDIA
Allocation as a % in Equity
20.13% 18.61% 10.88% 8.71% 6.79% 6.33% 5.99% 4.34% 4.32% 4.25% 3.42% 3.10% 1.71% 0.84% 0.46% 0.13%
ANNUALIZED RETURNS
5.00% 0.46% 0.00%
NAV GROWTH
13.00 12.50 12.00 11.50 11.00
Allocation as a % in Equity
7.41% 5.12% 5.04% 4.54% 4.52% 4.34% 4.25% 4.23% 3.93% 3.67% 3.05% 3.04% 2.53% 2.48% 2.35% 2.27% 2.24% 2.17% 2.16% 2.02%
-5.00%
-10.00%
10.50 10.00
-15.00%
9.50
Benchmark
Benchmark
Click Here
Pinnacle
As on October 31, 2011
FUND OBJECTIVE To generate optimal returns through an actively managed equity portfolio while using debt instruments to manage the guarantee. The fund would use equity and fixed income derivatives as permitted by IRDA from time to time.
Dynamic P/E
PORTFOLIO
AUM (Rs. Million): 7,045.81
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity and Equity Related Securities Debt Instruments and derivatives
Max (%)
100 100
Min (%)
0 0
Asset Allocation
EQUITY DEBT OTHER CURRENT ASSET & EQUIVALENT TOTAL
Allocation in Fund
61.34% 36.88% 1.78% 100.00%
Allocation as a % in Equity
18.73% 14.07% 13.50% 9.72% 8.35%
Allocation as a % in Equity
8.72% 8.56% 8.53% 7.18% 5.79% 4.76% 4.75% 3.52% 3.03% 2.86%
ANNUALIZED RETURNS
6.00% 3.00% 0.00%
NAV GROWTH
12.50 12.00 11.50
Allocation in Fund
36.88% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-3.00%
10.50
10.00 9.50 9.00 Oct-09 Feb-10 May-10 Sep-10 Dec-10 Apr-11 Jul-11 Oct-11
GOVERNMENT SECURITIES/ T BILLS CORPORATE SECURITIES AAA AND EQUIVALENT AA+ AND EQUIVALENT AA EQUIVALENT AND BELOW CORPORATE MONEY MARKET SECURITIES COMMERCIAL PAPER (P1+ AND EQUIVALENT) CERTIFICATE OF DEPOSIT (P1+ AND EQUIVALENT) FIXED DEPOSITS WITH BANKS
Pinnacle
Pinnacle
Average Maturity of Debt Portfolio (Months) Yield to Maturity of Debt Portfolio *** Last declared NAV (31-Oct-2011)
179.15 8.94%
Click Here
Pension Balancer
As on October 31, 2011
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.
PORTFOLIO
AUM (Rs. Million): 14,397.37
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & equity related securities Debt, Money Market & Cash
Max (%)
40 100
Min (%)
0 60
Asset Allocation
EQUITY DEBT OTHER CURRENT ASSET & EQUIVALENT TOTAL
Allocation in Fund
37.05% 54.89% 8.06% 100.00%
RISK PROFILE Expected return BENCHMARK 35% BSE 100 & 65% CRISIL Composite Bond Index
Allocation as a % in Equity
26.60% 14.31% 12.54% 10.31% 9.31%
Allocation as a % in Equity
8.72% 8.65% 7.16% 5.61% 5.52% 5.10% 4.99% 4.95% 4.54% 4.42%
ANNUALIZED RETURNS
14.00% 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% 3 Year 5 Year Since inception
NAV GROWTH
34.00 32.00 30.00 28.00 26.00 24.00 22.00 20.00 18.00 16.00 14.00 12.00 10.00 8.00 May-02 Sep-03 Feb-05 Jun-06 Oct-07 Feb-09 Jun-10 Oct-11
Allocation in Fund
10.27% 25.79% 16.97% 1.80% 7.02% 2.65% 2.65% 0.00% 16.18%
Pension Balancer
Benchmark
Pension Balancer
Benchmark
Average Maturity of Debt Portfolio (Months) 42.91 Average Maturity of Debt Benchmark (Months) 44.43 Yield to Maturity of Debt Portfolio 9.71%
Click Here
Pension Protector
As on October 31, 2011
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.
PORTFOLIO
AUM (Rs. Million): 21,590.19
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & equity related securities Debt, Money Market & Cash
Max (%)
0 100
Min (%)
0 100
Asset Allocation
GOVERNMENT SECURITIES/ T BILLS CORPORATE SECURITIES AAA AND EQUIVALENT AA+ AND EQUIVALENT AA EQUIVALENT AND BELOW CORPORATE MONEY MARKET SECURITIES COMMERCIAL PAPER (P1+ AND EQUIVALENT) CERTIFICATE OF DEPOSIT (P1+ AND EQUIVALENT) FIXED DEPOSITS WITH BANKS OTHER CURRENT ASSETS AND EQUIVALENT TOTAL
Allocation in Fund
15.65% 42.40% 32.01% 5.83% 4.56% 5.48% 5.48% 0.00% 23.45% 13.02% 100.00%
Portfolio by Maturity
< 1 year 1-5 years 5-7 years 7-10 years > 10 years TOTAL
Allocation in Fund
38.95% 34.29% 0.96% 25.53% 0.27% 100.00%
ANNUALIZED RETURNS
8.00% 7.00% 6.00% 5.00% 4.00%
NAV GROWTH
19.00 18.00 17.00 16.00 15.00 14.00
Average Maturity of Debt Portfolio (Months) 39.89 Average Maturity of Debt Benchmark (Months) 44.43 Yield to Maturity of Debt Portfolio 9.77%
13.00 12.00 11.00 10.00 May-02 Apr-04 Mar-06 Jan-08 Dec-09 Oct-11
Pension Protector
Benchmark
Pension Protector
Benchmark
Click Here
Pension Maximiser
As on October 31, 2011
FUND OBJECTIVE To generate long-term capital appreciation through investment primarily in equity and equity-related instruments.
PORTFOLIO
AUM (Rs. Million): 28,848.30
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & equity related securities Debt, Money Market & Cash
Max (%)
100 25
Min (%)
75 0
Asset Allocation
EQUITY DEBT AND OTHER CURRENT ASSET & EQUIVALENT TOTAL
Allocation in Fund
90.51% 9.49% 100.00%
Allocation as a % in Equity
19.25% 15.25% 11.72% 10.87% 9.32% 8.04% 6.62% 5.69% 3.54% 2.43% 2.31% 2.12% 1.13% 1.04% 0.35% 0.32%
ANNUALIZED RETURNS
25.00%
NAV GROWTH
80.00 74.00
Allocation as a % in Equity
9.46% 9.32% 6.90% 6.83% 6.74% 6.62% 5.65% 5.34% 4.22% 3.78% 3.22% 2.78% 2.65% 2.06% 2.00% 1.86% 1.66% 1.64% 1.31% 1.30%
20.00%
15.00%
50.00 44.00
10.00%
5.00%
20.00 14.00
Pension Maximiser
Benchmark
Pension Maximiser
Benchmark
Click Here
Pension Preserver
As on October 31, 2011
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.
PORTFOLIO
AUM (Rs. Million): 4,640.61
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & equity related securities Debt instruments Money Market & Cash
Max (%)
0 50 100
Min (%)
0 0 50
Asset Allocation
GOVERNMENT SECURITIES/ T BILLS CORPORATE SECURITIES AAA AND EQUIVALENT AA+ AND EQUIVALENT AA EQUIVALENT AND BELOW CORPORATE MONEY MARKET SECURITIES COMMERCIAL PAPER (P1+ AND EQUIVALENT) CERTIFICATE OF DEPOSIT (P1+ AND EQUIVALENT) FIXED DEPOSITS WITH BANKS OTHER CURRENT ASSETS AND EQUIVALENT TOTAL
Allocation in Fund
0.00% 4.97% 4.97% 0.00% 0.00% 59.71% 59.71% 0.00% 28.23% 7.08% 100.00%
Portfolio by Maturity
< 1 year 1-5 years 5-7 years 7-10 years > 10 years TOTAL
Allocation in Fund
92.90% 7.10% 0.00% 0.00% 0.00% 100.00%
ANNUALIZED RETURNS
10.00%
NAV GROWTH
18.00 17.00
8.00%
16.00 15.00 14.00
Average Maturity of Debt Portfolio (Months) 4.46 Average Maturity of Debt Benchmark (Months) 2.23 Yield to Maturity of Debt Portfolio 9.65%
6.00%
4.00%
13.00 12.00
2.00%
11.00
Pension Preserver
Benchmark
Pension Preserver
Benchmark
Click Here
Pension Multiplier
As on October 31, 2011
FUND OBJECTIVE To provide long-term capital appreciation from equity portfolio predominantly invested in NIFTY scrips.
PORTFOLIO
AUM (Rs. Million): 11,278.00
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & equity related securities Debt, Money Market & Cash
Max (%)
100 20
Min (%)
80 0
Asset Allocation
EQUITY DEBT AND OTHER CURRENT ASSET & EQUIVALENT TOTAL
Allocation in Fund
99.15% 0.85% 100.00%
RISK PROFILE Sector Allocation Expected return BENCHMARK S&P CNX Nifty
BANK TECHNOLOGY OIL & GAS FINANCE METALS & MINERALS CONSUMER TELECOM EPC AUTO CEMENT RETAIL INFRASTRUCTURE PHARMA & HEALTHCARE OTHERS
Allocation as a % in Equity
23.78% 15.44% 11.90% 10.35% 8.80% 8.57% 5.89% 4.87% 4.01% 3.24% 1.35% 1.21% 0.44% 0.15%
ANNUALIZED RETURNS
30.00%
NAV GROWTH
13.00 12.00
Allocation as a % in Equity
9.28% 8.57% 8.31% 5.78% 5.47% 4.99% 4.87% 4.51% 3.72% 3.30% 3.00% 2.97% 2.79% 2.59% 2.45% 2.39% 2.35% 2.18% 2.15% 1.89%
20.00%
11.00 10.00
10.00%
0.65 -0.25
0.00%
-10.00%
4.00 Feb-08 Jul-08 Nov-08 Apr-09 Aug-09 Dec-09 May-10 Sep-10 Feb-11 Jun-11 Oct-11
Pension Multiplier
Benchmark
Pension Multiplier
Benchmark
Click Here
Pension RICH
As on October 31, 2011
FUND OBJECTIVE To generate superior long-term returns from a diversified portfolio of equity and equity related instruments of companies operating in four important types of industries viz., Resources, Investment-realted, Consumption-related and Human Capital leveraged industries.
PORTFOLIO
AUM (Rs. Million): 43,389.53
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & equity related securities Debt, Money Market & Cash
Max (%)
100 20
Min (%)
80 0
Asset Allocation
EQUITY DEBT AND OTHER CURRENT ASSET & EQUIVALENT TOTAL
Allocation in Fund
89.92% 10.08% 100.00%
Allocation as a % in Equity
14.51% 13.62% 13.01% 9.49% 7.73% 7.52% 7.12% 6.71% 4.95% 4.14% 4.10% 2.93% 1.61% 1.25% 1.18% 0.12%
ANNUALIZED RETURNS
30.00%
NAV GROWTH
16.00 15.00
Allocation as a % in Equity
7.72% 7.21% 5.65% 4.94% 4.55% 4.44% 4.19% 3.34% 2.69% 2.44% 2.36% 2.26% 2.25% 2.06% 1.87% 1.86% 1.62% 1.41% 1.38% 1.30%
20.00%
14.00 13.00
10.00%
0.00%
9.00 8.00
-10.00%
7.00 6.00
Pension R.I.C.H
Benchmark
Pension R.I.C.H
Benchmark
Click Here
PORTFOLIO
AUM (Rs. Million): 2,773.30
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & equity related securities Debt, Money Market & Cash
Max (%)
60 100
Min (%)
0 40
Asset Allocation
EQUITY DEBT OTHER CURRENT ASSET & EQUIVALENT TOTAL
Allocation in Fund
50.56% 34.21% 15.22% 100.00%
RISK PROFILE Expected return BENCHMARK 55% CNX 500 & 45% CRISIL Composite Bond Index
Allocation as a % in Equity
13.24% 13.12% 11.07% 10.85% 10.58%
Allocation as a % in Equity
7.70% 7.41% 6.98% 5.41% 4.66% 4.13% 4.02% 3.59% 2.93% 2.64%
ANNUALIZED RETURNS
20.00% 15.00% 10.00% 5.00% 0.00% -5.00% -10.00%
NAV GROWTH
16.00 15.00 14.00
Allocation in Fund
7.24% 12.90% 11.11% 0.89% 0.90% 2.52% 2.52% 0.00% 11.55%
1 Year
3 Year
Since inception
GOVERNMENT SECURITIES/ T BILLS CORPORATE SECURITIES AAA AND EQUIVALENT AA+ AND EQUIVALENT AA EQUIVALENT AND BELOW CORPORATE MONEY MARKET SECURITIES COMMERCIAL PAPER (P1+ AND EQUIVALENT) CERTIFICATE OF DEPOSIT (P1+ AND EQUIVALENT) FIXED DEPOSITS WITH BANKS
Benchmark
Benchmark
Average Maturity of Debt Portfolio (Months) 41.30 Average Maturity of Benchmark (Months) 44.43 Yield to Maturity of Debt Portfolio 9.72%
Click Here
PORTFOLIO
AUM (Rs. Million): 58,311.02
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & equity related securities Debt, Money Market & Cash
Max (%)
100 20
Min (%)
80 0
Asset Allocation
EQUITY DEBT AND OTHER CURRENT ASSET & EQUIVALENT TOTAL
Allocation in Fund
92.14% 7.86% 100.00%
RISK PROFILE Sector Allocation Expected return BENCHMARK S&P CNX 500
BANK OIL & GAS TECHNOLOGY CONSUMER INFRASTRUCTURE METALS & MINERALS AUTO OTHERS CEMENT CAPITAL GOODS TELECOM FINANCE PHARMA & HEALTHCARE REAL ESTATE EPC MEDIA
Allocation as a % in Equity
18.37% 15.28% 9.74% 9.17% 8.69% 8.49% 7.91% 5.28% 4.11% 3.74% 3.62% 2.82% 2.44% 0.19% 0.16% 0.01%
ANNUALIZED RETURNS
30.00%
NAV GROWTH
19.00 18.00 17.00
Allocation as a % in Equity
7.29% 6.36% 6.26% 4.83% 4.80% 4.41% 3.62% 3.55% 3.52% 2.81% 2.58% 2.50% 2.42% 2.17% 2.03% 1.66% 1.64% 1.54% 1.53% 1.37%
20.00%
16.00 15.00
10.00%
0.00%
11.00 10.00
-10.00%
Benchmark
Benchmark
Click Here
Pension Bluechip
As on October 31, 2011
FUND OBJECTIVE To provide long-term capital appreciation from equity portfolio predominantly invested in large cap stocks.
PORTFOLIO
AUM (Rs. Million): 1,622.25
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & Equity Related Securities Debt, Money Market & Cash
Max (%)
100 20
Min (%)
80 0
Asset Allocation
EQUITY DEBT AND OTHER CURRENT ASSET & EQUIVALENT TOTAL
Allocation in Fund
99.95% 0.05% 100.00%
Allocation as a % in Equity
23.03% 16.11% 13.05% 9.60% 9.15% 7.91% 4.70% 4.67% 3.99% 3.83% 1.29% 1.24% 1.03% 0.41%
ANNUALIZED RETURNS
5.00%
NAV GROWTH
12.50 12.00
Allocation as a % in Equity
9.19% 9.15% 8.93% 5.65% 4.70% 4.69% 4.67% 4.32% 4.19% 4.10% 3.78% 2.75% 2.53% 2.40% 2.24% 2.12% 2.07% 1.99% 1.70% 1.69%
0.81% 0.00%
11.50 11.00
-5.00%
10.50 10.00
-10.00%
9.50 9.00
Pension Bluechip
Benchmark
Pension Bluechip
Benchmark
Click Here
Pension Income
As on October 31, 2011
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.
PORTFOLIO
AUM (Rs. Million): 5,092.28
ASSET ALLOCATION
Indicative Portfolio Allocation
Debt Instruments, Money Market & Cash
Max (%)
100
Min (%)
100
Asset Allocation
GOVERNMENT SECURITIES/ T BILLS CORPORATE SECURITIES AAA AND EQUIVALENT AA+ AND EQUIVALENT AA EQUIVALENT AND BELOW CORPORATE MONEY MARKET SECURITIES COMMERCIAL PAPER (P1+ AND EQUIVALENT) CERTIFICATE OF DEPOSIT (P1+ AND EQUIVALENT) FIXED DEPOSITS WITH BANKS OTHER CURRENT ASSETS AND EQUIVALENT TOTAL
Allocation in Fund
19.14% 36.67% 26.93% 3.48% 6.26% 14.39% 14.39% 0.00% 17.73% 12.07% 100.00%
Portfolio by Maturity
< 1 year 1-5 years 5-7 years 7-10 years > 10 years TOTAL
Allocation in Fund
35.79% 32.58% 0.80% 30.56% 0.28% 100.00%
ANNUALIZED RETURNS
7.00% 6.00% 5.00% 4.00%
NAV GROWTH
11.25
42.64 9.7%
11.00
10.75
10.50
3.00%
10.25
Pension Income
Benchmark
Pension Income
Benchmark
Click Here
PORTFOLIO
AUM (Rs. Million): 1,574.77
ASSET ALLOCATION
Indicative Portfolio Allocation
Debt Instruments Money Market & Cash
Max (%)
50 100
Min (%)
0 50
Asset Allocation
GOVERNMENT SECURITIES/ T BILLS CORPORATE SECURITIES AAA AND EQUIVALENT AA+ AND EQUIVALENT AA EQUIVALENT AND BELOW CORPORATE MONEY MARKET SECURITIES COMMERCIAL PAPER (P1+ AND EQUIVALENT) CERTIFICATE OF DEPOSIT (P1+ AND EQUIVALENT) FIXED DEPOSITS WITH BANKS OTHER CURRENT ASSETS AND EQUIVALENT TOTAL
Allocation in Fund
0.00% 3.16% 3.16% 0.00% 0.00% 68.92% 68.92% 0.00% 21.64% 6.28% 100.00%
Portfolio by Maturity
< 1 year 1-5 years 5-7 years 7-10 years > 10 years TOTAL
Allocation in Fund
94.96% 5.04% 0.00% 0.00% 0.00% 100.00%
ANNUALIZED RETURNS
10.00%
NAV GROWTH
11.40 11.20
5.10 9.6%
8.00%
11.00
6.00%
4.00%
2.00%
10.20
Benchmark
Benchmark
Click Here
Pension Opportunity
As on October 31, 2011
FUND OBJECTIVE To generate superior long-term returns from a diversified portfolio of equity and equity related instruments of companies operating in four important types of industries viz., Resources, Investment-related, Consumption-related and Human Capital leveraged industries.
PORTFOLIO
AUM (Rs. Million): 4,875.67
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & Equity Related Securities Debt, Money Market & Cash
Asset Allocation
Max (%)
100 20
Min (%)
80 0
Allocation in Fund
83.50% 16.50% 100.00%
Sector Allocation
OIL & GAS BANK TECHNOLOGY CONSUMER METALS & MINERALS OTHERS TELECOM FINANCE CAPITAL GOODS INFRASTRUCTURE EPC AUTO CEMENT PHARMA & HEALTHCARE REAL ESTATE MEDIA RETAIL
Allocation as a % in Equity
16.13% 13.65% 11.40% 10.81% 9.67% 6.13% 5.50% 5.42% 4.25% 4.07% 3.50% 3.44% 2.55% 1.65% 1.03% 0.78% 0.01%
ANNUALIZED RETURNS
5.00%
NAV GROWTH
12.50 12.00
Allocation as a % in Equity
7.28% 7.25% 7.09% 5.96% 4.65% 4.31% 4.30% 4.15% 3.86% 3.56% 2.08% 1.85% 1.80% 1.78% 1.73% 1.71% 1.67% 1.64% 1.56% 1.49%
0.00%
11.50 11.00 10.50
-5.00%
-10.00%
10.00 9.50
-15.00%
9.00
Pension Opportunity
Benchmark
Pension Opportunity
Benchmark
Click Here
PORTFOLIO
AUM (Rs. Million): 13,395.40
ASSET ALLOCATION
Indicative Portfolio Allocation
Debt Instruments and Derivaties Equity and Equity related securities
Max (%)
100 100
Min (%)
0 0
Asset Allocation
EQUITY DEBT OTHER CURRENT ASSET & EQUIVALENT TOTAL
Allocation in Fund
94.65% 3.18% 2.17% 100.00%
Allocation as a % in Equity
18.69% 14.53% 13.80% 9.04% 8.50%
Allocation as a % in Equity
9.01% 8.87% 7.94% 6.76% 5.89% 4.90% 4.65% 3.55% 2.89% 2.86%
ANNUALIZED RETURNS
4.00% 2.00% 0.00% -2.00% -4.00% -6.00% -8.00% -10.00% 1 Year Since inception
NAV GROWTH
12.50 12.00 11.50 11.00 10.50 10.00 9.50 9.00 Jan-10 Dec-10 Oct-11
Allocation in Fund
3.16% 0.02% 0.00% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00%
Benchmark
Benchmark
Average Maturity of Debt Portfolio (Months) Yield to Maturity of Debt Portfolio *** Last declared NAV (31-Oct-2011)
71.24 8.87%
Click Here
PORTFOLIO
AUM (Rs. Million): 1,581.01
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & Equity Related Securities Debt, Money Market & Cash
Max (%)
60 100
Min (%)
0 40
Asset Allocation
EQUITY DEBT OTHER CURRENT ASSET & EQUIVALENT TOTAL
Allocation in Fund
53.07% 25.57% 21.36% 100.00%
RISK PROFILE Expected return BENCHMARK CNX 500 - 55% CRISIL Composite Bond Index - 45%
Allocation as a % in Equity
20.32% 10.19% 9.59% 9.38% 8.15%
Allocation as a % in Equity
5.97% 5.53% 4.38% 4.37% 3.77% 3.47% 3.40% 3.11% 3.06% 2.96%
ANNUALIZED RETURNS
2.00%
NAV GROWTH
11.45
0.00%
10.95
Allocation in Fund
6.57% 7.09% 6.29% 0.38% 0.42% 3.32% 3.32% 0.00% 8.59%
-4.00%
9.95
-6.00%
GOVERNMENT SECURITIES/ T BILLS CORPORATE SECURITIES AAA AND EQUIVALENT AA+ AND EQUIVALENT AA EQUIVALENT AND BELOW CORPORATE MONEY MARKET SECURITIES COMMERCIAL PAPER (P1+ AND EQUIVALENT) CERTIFICATE OF DEPOSIT (P1+ AND EQUIVALENT) FIXED DEPOSITS WITH BANKS
Benchmark
Benchmark
Average Maturity of Debt Portfolio (Months) Yield to Maturity of Debt Portfolio *** Last declared NAV (31-Oct-2011)
44.95 9.68%
Click Here
PORTFOLIO
AUM (Rs. Million): 11,239.28
ASSET ALLOCATION
Indicative Portfolio Allocation
Equity & Equity Related Securities Debt, Money Market & Cash
Max (%)
100 20
Min (%)
80 0
Asset Allocation
EQUITY DEBT AND OTHER CURRENT ASSET & EQUIVALENT TOTAL
Allocation in Fund
86.91% 13.09% 100.00%
Allocation as a % in Equity
19.99% 18.60% 10.43% 9.82% 7.94% 6.46% 5.71% 4.53% 4.17% 3.84% 3.10% 2.79% 1.60% 0.87% 0.16%
ANNUALIZED RETURNS
5.00%
NAV GROWTH
12.50
Allocation as a % in Equity
7.51% 6.92% 5.06% 5.00% 4.51% 4.17% 4.14% 4.13% 4.05% 3.84% 3.66% 2.86% 2.81% 2.81% 2.63% 2.63% 2.49% 2.41% 2.38% 2.29%
0.00%
11.50
-5.00%
10.50
-10.00%
9.50
-15.00%
Benchmark
Benchmark
Click Here
Sm
e Lif Sta ge Pre Re eSt Lif ag mi um lar gu Lif eTi LIf me mi eTi LIf eTi LIf re er Lif Pre Lif me eA eTi me eT eG Su ssu me Go ld Plu s im pe r II e Sm al We th Ad e Lif Pre mi er old eLi Lif nk Su pe r tag e
Lif
Kid art
cle na Pin ma axi eM im ier eT rem Lif eP P im hS eT alt Lif We II ink th eL eal Lif eW a tag xim eS Ma Lif e Kid art sur As Sm Kid h art alt Sm We er mi th Pre eal eW ag r pe eSt Su Lif th s eal Plu eW th sur eal As e Ac eW sur As SP ed ink it L s Un ear Kid nY art lde II Sm Go SP UL Kid SP art ed Sm ink it L RP Un UL I
w Ne
art
Sm
art
RP
Kid
van
LIf
eLi nk
Pla
eLi
UL RP
nI
nk
II
Balancer Protector Maximiser Preserver Multiplier RICH Flexi Balanced Flexi Growth Bluechip Income Money Market Opportunity Dynamic P/E Multi Cap Balanced Multi Cap Growth Pinnacle Fund
IV IV IV IV IV IV IV IV
IV IV IV IV IV IV IV
II II II I II II II II
I I I I I I
I I I I I I I
II II II I II II II
I I I I I I I
I I I I I I I
II II II I
II II I II II II II
II II
II II II I II II II
I I I I I I I
II II II I II II II II
II II II I II II II
I I I I I I I
II II II I II II II II
II II II I II I I
II II II I II II II
I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I
UIN Nos. LifeStage Regular Premium - 105L073V01, LifeStage Assure - 105L083V01, LIfeTime Plus - 105L054V01, LIfeTime Gold - 105L077V01, LifeTime Super - 105L056V01, LIfeTime II 105L031V01, Life Time - 105L013V01, Premier Life Gold - 105L061V01, Premier Life - 105L037V01, Wealth Advantage - 105L085V01, LifeLink Super - 105L053V01, LifeLink II 105L033V01, LIfeLink - 105N003V01, SmartKid New ULRP - 105L058V01, SmartKid ULRP Plan II - 105L036V01 , SmartKid ULRP - 105L028V01, SmartKid New Unit Linked SP - 105L059V01, SmartKid ULSP II - 105L035V01, Golden Years - 105L047V01, SmartKid Unit Linked SP - 105L029V01, Ace - 105L105V01, Assure Wealth Plus - 105L098V01, Assure Wealth Super 105L098V01, LifeStage Wealth - 105L103V01, Premier Wealth - 105L097V01, SmartKid Assure - 105L106V01, SmartKid Maxima - 105L104V01, Life Stage Wealth II - 105L118V01, Life Link Wealth SP - 105L111V01, Life Time Premier - 105L112V01, Life Time Maxima - 105L096V01, Pinnacle - 105L097V01
Click Here
ag eSt Lif
I nI sio Pen te Eli ma axi nM sio Pen e tag me an eTi dv Lif nA sio en n sio eP en eP
eS Lif
tag
eTi Lif
eLi Lif
UIN Nos. LifeStage Pension - 105L100V01, LifeTime Super Pension - 105L055V01, LifeTime Pension II - 105L032V01, LifeTime Pension - 105L015V01, PremierLife Pension - 105L074V01, LifeLink Super Pension - 105L057V01, LifeLink Pension II - 105L034V01, LifeLink Pension - 105N003V01, Elite Pension - 105L094V01, LifeStage Assure Pension - 105L092V01, Assure Pension - 105L102V01, LifeStage Pension Advantage - 105L100V01, LifeTime Pension Maxima - 105L101V01, Elite Pension II - 105L099V01
Lif eSt ag
S nk
eA
Lif eTi me
mi erL
Lif eLi
As
ssu
me Pen
e up
sur
Eli
Pen nk
ife
nk
re
te
en eP
en rP sio n
en rP
Pen
Pen
Pen
Pen
Pen sio n
II II II I II II II
sio
Click Here
sio
II II I II II II II
sio
sio
sio
sio
sio
nI
nI I
n
I I I I I I I
n
II II II I II II II II
I
II II II I II II II II II II II I II II II
I I I I I I I
II II I II II II II
II II I II II II II I I I I I I I I I I I I I I I I I I I I I I I I I I I I
Investment Team
Mr. Manish Kumar Executive Vice President Mr. Arun Srinivasan Senior Vice President Ms. Meghana Baji Senior Vice President Mr. Jitendra Arora Senior Vice President Mr. Lakshmikanth Reddy Executive Vice President
Regular Investments
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.
Asset Allocation
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.
Process-driven approach to investments: Every fund has a defined investment objective, a benchmark suitable to the objective and predecided 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 specific fund manager's skill or competence who may or may not be consistent over the long-term.
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.
Safety is paramount: One of our primary objectives is the safety of your investments and stability of returns. We ensure that our 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 as holding poor quality credit or under diversified portfolios, etc.
Regulatory guidelines: Life insurance companies in India are regulated by Insurance Regulatory Development Authority (IRDA), and these regulations focus on: (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.
Glossary of Terms
As on October 31, 2011
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 investors instructions. The investor is free to change the allocation of investments at any time during the term of the policy. 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 1000020=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. 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 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. 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, Maximisera 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. 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. 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). 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
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.
Contact Us
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
For more details please contact your financial advisors or log on to our website www.iciciprulife.com or email us at lifeline@iciciprulife.com