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Pension Balanced Fund

ULIF00625/11/05PENSBALANC104-Pension Balanced

Funds Overview as of September 30, 2014

Fund's Objective: The investment objective of this 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

27 Jan 2006
NAV (p.u.):20.86

Rs. 165.19Cr.

  • NSE Nifty(30%)
  • I Sec Gilt Index (30%)
  • Crisil Bond Index (30%)
  • Crisil Liquid Index (10%)
  • Max Life Life Maker Pension Plan- 104L026V01
  • Max Life SMART Invest Pension- 104L040V01
  • Max Life Smart Invest Pension Plus- 104L053V01
  • Max Life Smart Invest Pension Super- 104L056V01
  • Withdrawn
  • Withdrawn
  • Withdrawn
  • Withdrawn
  • Funds Performance
  • Asset Allocation
Annualized Returns* Fund Benchmark
Since inception 8.8% 9.3%
Five Year Rolling Return 8.5% 8.3%
Three Year Rolling Return 10.8% 11.4%
One Year Rolling Return 16.9% 18.8%
YTD (Financial Year) 8.6% 9.7%
Last Quarter 2.5% 3.1%

* Returns less than one year are absolute returns.

Risk Attributes Fund Benchmark
Beta 0.8 1.0
Standard Deviation 7.4% 9.0%
Sharpe ratio 0.2 0.3
Treynor ratio 0.0 0.0
Risk Free Rate assumed 7%    
Fixed Income
Average Maturity in years 6.4
M- Duration 3.9
of the NON Equity Portfolio  
Approved Asset Allocation
G-sec 20-50%
Corporate Bonds 20-40%
Short Term Investment 0-40%
Equity 10-40%
Industry Exposure (Top 10)
Central & State Government 44%
Financial And Insurance Activities** 17%
Housing 8%
IT Services 5%
MFG of Motor vehicle 2%
Manfr OF petroleum products 2%
Manfr of pharmaceuticals 2%
Construction & Engineering 2%
Manfr of Tobacco Products 2%
Electricity Trading 2%

**Including CD & FD investments

Issuer / Company Exposure (Top 10) % of fund
Central & State Government 44%
Housing Development Finance Corp.Limited 5%
LIC Housing Finance Limited 4%
Power Finance Corporation Limited 3%
HDFC Bank Ltd 3%
Infosys Technologies Limited 2%
Larsen & Turbo Limited 2%
IDFC Ltd 2%
Reliance Industries Limited 2%
ITC Ltd 2%
Rating bucket %
AAA & equivalent 97%
AA & equivalent 3%
A & equivalent 0%
- -
Total 100%
Maturity bucket %
Less than 1year 14%
1 year to 3 years 4%
3 years to 7 years 39%
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