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Group Gratuity Conservative Fund

ULGF00317/04/06GRATCONSER104-Group Gratuity Conservative

Funds Overview as of December 31, 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.):21.70

Rs. 37.50Cr.

  • 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  • Withdrawn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% 8.0%
Five Year Rolling Return 9.5% 8.8%
Three Year Rolling Return 9.7% 9.2%
One Year Rolling Return 6.9% 9.0%
YTD (Financial Year) 4.0% 5.9%
Last Quarter 0.0% 1.6%

* Returns less than one year are absolute returns.

Risk Attributes Fund Benchmark
Beta 0.6 1.0
Standard Deviation 2.9% 3.2%
Sharpe ratio 0.6 0.3
Treynor ratio 0.0 0.0
Risk Free Rate assumed 7%    
Fixed Income
Average Maturity in years 12.7
M- Duration 6.0
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 95%
Financial And Insurance Activities** 9%
Land Trans & Transpot 3%
Housing 0%

**Including CD & FD investments

Issuer / Company Exposure (Top 10) %
Central & State Government 95%
Shriram Transport Finance Limited 3%
Konkan Railways Corp.Limited 3%
IL & FS Financial Services Limited 2%
ICICI Bank Limited 1%
Oriental Bank of Commerce 1%
Tata Sons 1%
LIC Housing Finance Limited 0%
Rating bucket %
AAA & equivalent 96%
AA & equivalent 4%
A & equivalent 0%
- -
Total 100%
Maturity bucket %
Less than 1year 17%
1 year to 3 years 3%
3 years to 7 years 21%
Over 7 years 59%
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