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Pension Conservative Fund

ULIF00725/11/05PENSCONSER104-Pension Conservative

Funds Overview as of March 31, 2015

Fund's Objective: The investment objective of this fund is to provide stable return by investing in assets of relatively low to moderate level of risk. The fund will invest primarily in fixed interest securities such as Government Securities, Corporate bonds etc.


Inception Date Funds size Benchmarks Products Applicable Status

27 Jan 2006
NAV (p.u.):21.55

Rs. 19.78Cr.

  • NSE Nifty(10%)
  • I Sec Gilt Index (60%)
  • Crisil Bond Index (23%)
  • Crisil Liquid Index (8%)
  • 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  • Withdrawn
  • Withdrawn
  • Withdrawn
  • Withdrawn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 returns
Since inception 8.7% 8.4%
Five Year Rolling Return 9.4% 8.8%
Three Year Rolling Return 11.7% 10.6%
One Year Rolling Return 16.6% 15.3%
YTD (Financial Year) 16.6% 15.3%
Last Quarter 3.0% 2.9%

* Returns less than one year are absolute returns.

Risk Attributes Fund Benchmark
Beta 0.7 1.0
Standard Deviation 3.8% 4.3%
Sharpe ratio 0.5 0.3
Treynor ratio 0.0 0.0
Risk Free Rate assumed 7%    
Fixed Income
Average Maturity in years 11.8
M- Duration 6.8
of the NON Equity Portfolio  
Approved Asset Allocation
G-sec 50-80%
Corporate Bonds 0-50%
Short Term investment 0-40%
Equity 0-15%
Industry Exposure (Top 10)
Central & State Government 65%
Financial And Insurance Activities** 18%
Housing 10%
Gas Transmission cos 4%
IT Services 2%
Consumer Staples 2%
Construction & Engineering 2%
MFG of Motor vehicle 1%
Manfr of pharmaceuticals 1%
Manfr OF petroleum products 1%

**Including CD & FD investments

Issuer / Company Exposure (Top 10) %
Central & State Government 65%
Housing Development Finance Corp.Limited 7%
Konkan Railways Corp.Limited 4%
Axis Bank Limited 4%
LIC Housing Finance Limited 3%
Shriram Transport Finance Limited 2%
Oriental Bank of Commerce 2%
Sundaram Finance Ltd 2%
IL & FS Financial Services Limited 1%
HDFC Bank Ltd 1%
Rating bucket %
AAA & equivalent 95%
AA & equivalent 5%
A & equivalent 0%
- -
Total 100%
Maturity bucket %
Less than 1year 4%
1 year to 3 years 7%
3 years to 7 years 6%
Over 7 years 84%
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