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Group Gratuity Growth Fund

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

Funds Overview as of September 30, 2015

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.) : 23.06

Rs. 08.05Cr.

  • 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Withdrawn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 9.6% 9.6%
Five Year Rolling Return 9.0% 7.6%
Three Year Rolling Return 12.7% 10.8%
One Year Rolling Return 7.1% 5.9%
YTD (Financial Year) -0.3% -1.0%
Last Quarter -0.9% -0.8%

* Returns less than one year are absolute returns.

Risk Attributes Fund Benchmark
Beta 0.8 1.0
Standard Deviation 11.2% 13.5%
Sharpe ratio 0.2 0.2
Treynor ratio 0.0 0.0
Risk Free Rate assumed 7%    
Fixed Income
Average Maturity in years 11.5
M- Duration 5.6
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)
Central & State Government 24%
Financial And Insurance Activities** 19%
Civil Engineering 9%
Housing 8%
Petroleum Products 7%
Automobiles 6%
Pharmaceuticals 4%
Consumer Staples 2%
Chemicals & Chemical Products 2%
IT Services 9%

**Including CD & FD investments

Issuer / Companies % of fund
Central & State Government 24%
Housing Development Finance Corp.Limited 8%
Infosys Technologies Limited 7%
Larsen & Turbo Limited 7%
Maruity Udyog Limited 5%
HDFC Bank Ltd 5%
Shriram Transport Finance Limited 5%
Reliance Industries Limited 4%
Dr.Reddy's Labortaries Limited 3%
ITC Ltd 2%
Rating bucket %
AAA & equivalent 89%
AA & equivalent 11%
A & equivalent 0%
- -
Total 100%
Maturity bucket %
Less than 1year 5%
1 year to 3 years 22%
3 years to 7 years 9%
Over 7 years 64%
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