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Group Gratuity Conservative Fund

ULGF00317/04/06GRATCONSER104-Group Gratuity Conservative

Funds Overview as of September 30, 2014

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.):19.14

Rs. 32.56Cr.

  • 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  • Withdrawn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 8.3% 7.6%
Five Year Rolling Return 8.4% 7.5%
Three Year Rolling Return 9.7% 8.7%
One Year Rolling Return 11.1% 10.7%
YTD (Financial Year) 5.7% 5.8%
Last Quarter 2.4% 2.4%

* Returns less than one year are absolute returns.

Risk Attributes Fund Benchmark
Beta 0.6 1.0
Standard Deviation 3.0% 3.4%
Sharpe ratio 0.5 0.2
Treynor ratio 0.0 0.0
Risk Free Rate assumed 7%    
Fixed Income
Average Maturity in years 9.0
M- Duration 4.7
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 63%
Financial And Insurance Activities** 13%
Housing 12%
Electricity Production 6%
Construction & Engineering 5%
Gas Transmission cos 3%
   
   
   
   
   
   

**Including CD & FD investments

Issuer / Company Exposure (Top 10) %
Central & State Government 63%
LIC Housing Finance Limited 7%
Power Grid Corporation of india Limited 6%
Housing Development Finance Corp.Limited 5%
Larsen & Turbo Limited 5%
Power Finance Corporation Limited 5%
Konkan Railways Corp.Limited 3%
Infrastructure Leasing & Finance Services Limited 3%
ICICI Bank Limited 2%
Shriram Transport Finance Limited 1%
Rating bucket %
AAA & equivalent 97%
AA & equivalent 3%
A & equivalent 0%
- -
Total 100%
Maturity bucket %
Less than 1year 10%
1 year to 3 years 10%
3 years to 7 years 33%
Over 7 years 47%
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