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Group Gratuity Conservative Fund

ULGF00317/04/06GRATCONSER104-Group Gratuity Conservative

Funds Overview as of June 30, 2015

Fund's Objective: The investment objective of this fund is to provide stable return by investing in relatively low risk assets. The fund will invest exclusively in fixed interest securities such as Government Securities, Corporate bonds etc


Inception Date Funds size Benchmarks Products Applicable status

28 Aug 2006
NAV (p.u.):20.75

Rs. 35.79Cr.

  • NSE Nifty (0%)
  • I Sec Gilt Index (65%)
  • Crisil Bond Index (25%)
  • Crisil Liquid Index (10%)
  • Max Life Unit Linked Group Gratuity Plan- 104L030V01
  • Withdrawn
  • Funds Performance
  • Asset Allocation
Annualized Returns* Fund Benchmark returns
Since inception 8.6% 7.9%
Five Year Rolling Return 9.1% 8.3%
Three Year Rolling Return 10.1% 9.0%
One Year Rolling Return 10.9% 11.1%
YTD (Financial Year) -0.5% 0.8%
Last Quarter -0.5% 0.8%

* Returns less than one year are absolute returns.

Risk Attributes Fund Benchmark
Beta 0.6 1.0
Standard Deviation 3.0% 3.3%
Sharpe ratio 0.5 0.3
Treynor ratio 0.0 0.0
Risk Free Rate assumed 7%    
Fixed Income
Average Maturity in years 11.9
M- Duration 6.2
of the NON Equity Portfolio  
Approved Asset Allocation
G-sec 50-80%
Corporate Bonds 0-50%
Short Term investment 0-20%
Equity 0-0%
Industry Exposure (Top 10)
Central & State Government 73%
Financial And Insurance Activities** 14%
Ele Gas Steam & Air Condition Suply 8%
Land Trans & Transpot 3%
Housing 0%

**Including CD & FD investments

Issuer / Company Exposure (Top 10) %
Central & State Government 73%
Power Grid Corporation of india Limited 8%
Axis Bank Limited 4%
Shriram Transport Finance Limited 3%
Konkan Railways Corp.Limited 3%
IL & FS Financial Services Limited 3%
ICICI Bank Limited 1%
Oriental Bank of Commerce 1%
Power Finance Corporation Limited 1%
Tata Sons 1%
Rating bucket %
AAA & equivalent 95%
AA & equivalent 5%
A & equivalent 0%
- -
Total 100%
Maturity bucket %
Less than 1year 4%
1 year to 3 years 5%
3 years to 7 years 9%
Over 7 years 83%
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