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Group Gratuity Growth Fund

(ULGF00117/04/06GRATGROWTH104-Group Gratuity Growth)

Funds Overview as on Sep 30, 2016

Fund's Objective: The investment objective of the Growth Fund is to provide potentially higher returns to unit holders by investing primarily in Equities (to target growth in capital value of assets); however, the fund will also invest in Government securities, corporate bonds and money market instruments.


Inception Date Funds size Benchmarks Products Applicable Status

28 Aug 2006
NAV (p.u.) : 26.02

Rs. 4.67 Cr.

  • NSE Nifty (50%)
  • I Sec Gilt Index (20%)
  • Crisil Bond Index (20%)
  • Crisil Liquid Index (10%)
  • Max Life Unit Linked Group Gratuity Plan- 104L030V01
Withdrawn
  • Funds Performance
  • Asset Allocation
Annualized Returns* Fund Benchmark returns
Since inception 9.9% 9.6%
Five Year Rolling Return 12.2% 11.0%
Three Year Rolling Return 15.5% 13.1%
One Year Rolling Return 12.8% 9.8%
YTD (Financial Year) 13.0% 8.9%
Last Quarter 7.7% 4.0%

* Returns less than one year are absolute returns.

Risk Attributes Fund Benchmark
Beta 0.8 1.0
Standard Deviation 10.9% 12.9%
Sharpe ratio 0.3 0.2
Treynor ratio 0.0 0.0
Risk Free Rate assumed 7%    
Fixed Income
Average Maturity in years 6.3
M- Duration 3.8
of the NON Equity Portfolio  
Approved Asset Allocation
G-sec 0-30%
Corporate Bonds 0-30%
Short Term investment 0-20%
Equity 20-60%
Industry Exposure (Top 10)
Financial And Insurance Activities ** 25%
Central & State Government 12%
Ele Gas Steam & Air Condition Suply 12%
Petroleum Products 8%
Civil Engineering 6%
Housing 4%
Automobiles 3%
Food Products 3%
Pharmaceuticals 3%
Construction Material 2%

**Excluding CD & FD investments

Issuer / Company Exposure (Top 10) % of fund
Central & State Government 12%
East North Interconnection Company Limited 9%
HDFC Bank Ltd 6%
Larsen & Turbo Limited 5%
LIC Housing Finance Limited 4%
State Bank of India 3%
Reliance Industries Limited 3%
Indusind Bank Limited 3%
Sun Pharmaceutical Industries Limited 3%
Shriram Transport Finance Limited 2%
Rating bucket %
AAA & equivalent 94%
AA & equivalent 6%
A & equivalent 0%
- -
Total 100%
Maturity bucket %
Less than 1year 9%
1 year to 3 years 0%
3 years to 7 years 36%
Over 7 years 54%
Total 100%

Of Rated Fixed Income

Did you Know?

Our aggregate Traditional portfolio witnessed a growth of 34.51%, and overall portfolio grew by 25% over the last one year till June 2014