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Group Gratuity Balanced Fund

ULGF00217/04/06GRATBALANC104-Group Gratuity Balanced

Funds Overview as of March 31, 2015

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.):24.51

Rs. 21.74 Cr.

  • 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  • Withdrawn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 11.0% 9.3%
Five Year Rolling Return 11.5% 9.1%
Three Year Rolling Return 14.2% 11.7%
One Year Rolling Return 23.0% 17.0%
YTD (Financial Year) 23.0% 17.0%
Last Quarter 2.9% 2.8%

* Returns less than one year are absolute returns.

Risk Attributes Fund Benchmark
Beta 0.8 1.0
Standard Deviation 6.5% 7.3%
Sharpe ratio 0.6 0.3
Treynor ratio 0.1 0.0
Risk Free Rate assumed 7%    
Fixed Income
Average Maturity in years 9.1
M- Duration 5.4
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 46%
Financial And Insurance Activities** 24%
Housing 9%
IT Services 3%
MFG of Motor vehicle 3%
Manfr of pharmaceuticals 2%
Manfr OF petroleum products 2%
Manfr of Tobacco Products 1%
Manfr of defense equipment 1%
Mfg of Electric Equipment 1%

**Including CD & FD investments

Issuer / Company Exposure (Top 10) % of fund
Central & State Government 46%
Housing Development Finance Corp.Limited 5%
India Infrastructure Finance Company Limited 5%
Axis Bank Limited 4%
LIC Housing Finance Limited 3%
Kotak Mahindra Bank 3%
Shriram Transport Finance Limited 3%
Sundaram Finance Ltd 2%
State Bank of India 2%
Shriram Transport Finance Limited 2%
IL & FS Financial Services Limited 2%
Rating bucket %
AAA & equivalent 93%
AA & equivalent 7%
A & equivalent 0%
- -
Total 100%
Maturity bucket %
Less than 1year 7%
1 year to 3 years 15%
3 years to 7 years 12%
Over 7 years 77%
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