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Group Gratuity Growth Fund

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

Funds Overview as of December 31, 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.) : 22.53

Rs. 11.36Cr.

  • 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Withdrawn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 10.2% 10.3%
Five Year Rolling Return 10.9% 9.3%
Three Year Rolling Return 16.9% 15.5%
One Year Rolling Return 27.2% 22.0%
YTD (Financial Year) 20.5% 16.9%
Last Quarter 4.6% 4.2%

* Returns less than one year are absolute returns.

Risk Attributes Fund Benchmark
Beta 0.8 1.0
Standard Deviation 11.4% 13.9%
Sharpe ratio 0.3 0.2
Treynor ratio 0.0 0.0
Risk Free Rate assumed 7%    
Fixed Income
Average Maturity in years 7.3
M- Duration 4.7
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 25%
Financial And Insurance Activities** 24%
Housing 8%
IT Services 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 25%
Housing Development Finance Corp.Limited 9%
HDFC Bank Ltd 5%
Infosys Technologies Limited 5%
ICICI Bank Limited 5%
ITC Ltd 4%
Larsen & Turbo Limited 4%
Reliance Industries Limited 4%
Shriram Transport Finance Limited 3%
Tata Consultancy Services Limited 3%
Rating bucket %
AAA & equivalent 93%
AA & equivalent 7%
A & equivalent 0%
- -
Total 100%
Maturity bucket %
Less than 1year 5%
1 year to 3 years 21%
3 years to 7 years 8%
Over 7 years 66%
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