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Group Gratuity Growth Fund

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

Funds Overview as of September 30, 2014

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.) : 21.54

Rs. 11.35Cr.

  • 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Withdrawn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 9.9% 10.1%
Five Year Rolling Return 10.3% 8.8%
Three Year Rolling Return 13.8% 13.2%
One Year Rolling Return 27.6% 24.3%
YTD (Financial Year) 15.2% 12.2%
Last Quarter 5.0% 3.5%

* Returns less than one year are absolute returns.

Risk Attributes Fund Benchmark
Beta 0.8 1.0
Standard Deviation 11.5% 14.1%
Sharpe ratio 0.3 0.2
Treynor ratio 0.0 0.0
Risk Free Rate assumed 7%    
Fixed Income
Average Maturity in years 6.1
M- Duration 4.0
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 23%
Financial And Insurance Activities** 22%
IT Services 10%
Housing 8%
Manfr OF petroleum products 5%
MFG of Motor vehicle 4%
Manfr of Tobacco Products 4%
Construction & Engineering 4%
Electricity Production 3%
Manfr of pharmaceuticals 3%

**Including CD & FD investments

Issuer / Companies % of fund
Central & State Government 23%
Housing Development Finance Corp.Limited 8%
HDFC Bank Ltd 5%
Infosys Technologies Limited 5%
Power Finance Corporation Limited 4%
ITC Ltd 4%
Reliance Industries Limited 4%
ICICI Bank Limited 4%
Larsen & Turbo Limited 4%
Tata Consultancy Services Limited 3%
Rating bucket %
AAA & equivalent 97%
AA & equivalent 3%
A & equivalent 0%
- -
Total 100%
Maturity bucket %
Less than 1year 12%
1 year to 3 years 19%
3 years to 7 years 26%
Over 7 years 43%
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