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Group Gratuity Balanced Fund

ULGF00217/04/06GRATBALANC104-Group Gratuity Balanced

Funds Overview as of September 30, 2014

Fund's Objective: The investment objective of the Balanced Fund is to provide balanced returns from investing in both fixed income securities (to target stability of returns) as well as in equities (to target growth in capital value of assets).


Inception Date Funds size Benchmarks Products Applicable Status

28 Aug 2006
NAV (p.u.):22.50

Rs. 19.50Cr.

  • NSE Nifty(25%)
  • I Sec Gilt Index (35%)
  • Crisil Bond Index (30%)
  • Crisil Liquid Index (10%)
  • Max Life Unit Linked Group Gratuity Plan- 104L030V01
  • Withdrawn
  • Funds Performance
  • Asset Allocation
Annualized Returns* Fund Benchmark returns
Since inception 10.5% 9.0%
Five Year Rolling Return 10.5% 8.2%
Three Year Rolling Return 12.6% 11.0%
One Year Rolling Return 22.1% 17.4%
YTD (Financial Year) 12.9% 9.0%
Last Quarter 2.6% 3.0%

* Returns less than one year are absolute returns.

Risk Attributes Fund Benchmark
Beta 0.8 1.0
Standard Deviation 6.6% 7.5%
Sharpe ratio 0.5 0.3
Treynor ratio 0.0 0.0
Risk Free Rate assumed 7%    
Fixed Income
Average Maturity in years 7.7
M- Duration 4.1
of the NON Equity Portfolio  
Approved Asset Allocation
G-sec 20-50%
Corporate Bonds 20-40%
Short Term investment 0-20%
Equity 10-40%
Industry Exposure (Top 10)
Central & State Government 42%
Financial And Insurance Activities** 19%
Housing 12%
Construction & Engineering 4%
Manfr OF petroleum products 3%
MFG of Motor vehicle 2%
Manfr of pharmaceuticals 2%
Electricity Production 2%
Consumer Staples 2%
Extraction of Crud Oil & Gas 1%

**Including CD & FD investments

Issuer / Company Exposure (Top 10) % of fund
Central & State Government 42%
Housing Development Finance Corp.Limited 7%
LIC Housing Finance Limited 7%
India Infrastructure Finance Company Limited 5%
Larsen & Turbo Limited 4%
Reliance Industries Limited 3%
Sundaram Finance Ltd 3%
IDFC Ltd 2%
Infrastructure Leasing & Finance Services Limited 2%
State Bank of India 2%
Rating bucket %
AAA & equivalent 94%
AA & equivalent 6%
A & equivalent 0%
- -
Total 100%
Maturity bucket %
Less than 1year 31%
1 year to 3 years 7%
3 years to 7 years 13%
Over 7 years 50%
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