InveSTAR - sudlife.in Fact Sheet January 2012.… · In January’2012, unemployment rate dropped...

Fact Sheet January – 2012

InveSTAR

Global Economic Scenario: US, European and Japanese economies have shown signs of improvement while growth in China and India are slowing down and debt problems of Greece remain unresolved. In January’2012, unemployment rate dropped to near three year low of 8.3% (from peak level of about 10%). For the quarter ended December’ 2011, growth of US economy accelerated to 2.8% (QoQ) as against 1.8% in the third quarter. The growth rate was fastest in the last 6 quarters. Sharp increase in US services Index in January suggests likelihood of continued growth in the ensuing quarter. In the third quarter of 2011, QoQ GDP growth rates Germany and France accelerated to 0.5% (Q2: 0.3%) and 0.3% (Q2: -1%). GDP Growth of U.K contracted by 0.2% in fourth against positive growth of 0.6% in Q3. After 4 months of decline, PMI of Euro-Zone expanded in January, suggesting that the recession, if any, may be mild. While the floundering economy of Euro-Zone has perked up, Greece is yet to reach an agreement on austerity measures needed to secure a second international rescue package. After contracting for 2 quarters, Japanese economy registered QoQ growth of 1.70% in the third quarter. For quarter ended December YoY GDP growth rate in China has slowed down to 8.9% from 9.1% (QoQ 2% from 2.3%). On the back of loose monetary policy in US and release of sizable amount though European Financial Stability Fund (EFSF), Global markets are flush with liquidity giving rise to rallies in the Financial markets and increase in commodity prices. Spike in crude oil price to some extent is also due to US sanctions on Iran and build-up of geo-political tensions.

International Commodities Prices Month Ended Dec Jan Change% Gold (US $ / ounce) 1566 1740 11.1% Silver (US $ /ounce) 27.9 33.6 20.4% Copper (US $ / T) 7372 8399 13.9%

Aluminum (US$/T) 1976 2210.5 11.9%

Brent Crude(US$/ bl) 107.2 111.9 4.4% Indian Economy: Index of Industrial Production (IIP)

After contraction for the month of October, IIP growth has sharply rebounded to 5.9% for the month of November. The growth was led by sharp increase in consumption, though growth of capital goods continues to be negative.

Monthly IIP Growth (YoY)

IIP- User- Based Segmental Growth (YoY)

Basic Goods

Capital Goods

Intermediate Goods

Consumer Goods

Aggregate

Aug-11 5.2% 4.1% 1.9% 2.3% 3.6% Sept-11 4.0% -6.5% 1.3% 4.3% 2.0% Oct-11 -0.1% -25.5% -4.7% -0.8% -5.1% Nov-11 6.3% -4.6% 0.2% 13.1% 5.9% April-Nov-11 6.2% -1.0% -0.3% 4.9% 3.8%

MONTHLY REPORT – January’2012

UPDATE OF ECONOMY AND FINANCIAL MARKETS

Inflation (Based on WPI) For Month-ended Y o Y % Increase December’ 2011 7.47 November’ 2011 9.11

WPI inflation for December, 2011 dropped sharply on the back of MoM contraction in food inflation. However, Core inflation (Ex Food & Energy) continues to be at elevated level of about 7.5% YoY. Economic Growth & Government Finances

As per the first estimate of CSO, Indian economic growth rate is expected to slow down to a 3 year low in FY11-12 to 6.9% as against 8.5% in the previous year, mainly due to slowdown in growth of Agriculture and manufacturing sectors to 2.5% and 3.9% as compared to 7% and 7.6% in the last fiscal respectively . International rating agency Standard & Poor’s has indicated High inflation, slower economic growth, and weak fiscal position may affect India’s sovereign rating. High subsidies, political uncertainty, slowing credit growth of Banks and high current account deficit are also causing concerns to the rating agency. Third Quarter Review of Monetary Policy-Highlights

In the third quarter review of Monetary Policy, RBI has reiterated end of rate increase cycle, but considers it premature to begin reduction in policy rates as core inflation is high and there is upside risks to inflation from global crude oil prices, Rupee depreciation, and slippage in the fiscal deficit. Due to tight liquidity conditions and to address growth risk from persisting tight liquidity conditions, RBI has cut Cash Reserve Ratio (CRR) by 50 bps from 6% to 5.5%, while the policy rate has been kept unchanged (at 8.5%). CRR cut has injected liquidity of about Rs.32,000 crore into the system but the liquidity conditions continues to be tight.

Foreign Trade Data:

After recording healthy growth till September’2011 in the current financial year, exports growth rate has sharply fallen, though returned to double digits in January’2012.

( in bn USD)

Dec-11

Dec-10

YoY Gr.

April to November

YoY Gr. 2011 2010

1 Imports 37.8 31.5 20% 350.9 269.2 30% a

Oil Imports 10.3 9.2 11% 105.6 75.2 40%

b Non-Oil Imports 27.5 22.3 23% 245.3 194.0 26%

2 Exports 25.0 23.4 7% 217.7 173.0 26%

3

Trade Balance (1-2) -12.7 -8.1 58%

-133.3 -96.2 39%

Slowdown in Exports has led to sharp increase in Trade deficit. INR vs. US$: During January’2012, INR strengthened sharply gaining 6.8% to close at Rs. 49.44 against US$, as compared to Rs. 53.06 as at December end. Strengthening of Rupee was result of calibrated restrictions in forward markets, policy changes, reported intervention in the spot markets and robust FIIs inflows in the equity and debt markets. Institutional Flows

FII Flows (Rs. Crore)

Jan’12 Dec’11 Total in CY 2012 Equity 10,358 98 10,358 Debt 15,971 21,775 15,971

Total 26,329 21,873 26,329

Mutual Funds Flow (Rs. Crore)

Jan’12 Dec’11 Total in CY 2012 Equity -1,858 580 -1,858 Debt 9,441 50,979 9,441 Total 7,582 51,559 7,582

34

5746

82

44 41

114 7 10

Export growth-FY 11-12 (yoy %)

Debt Markets: Despite sale of G-Securities by RBI through Open Market Operations (OMOs), liquidity in the money market remained tight with average daily borrowings from RBI under LAF remaining way above RBI comfort level, at about Rs,1,20,000 crore. To bridge large structural deficit, RBI injected permanent primary liquidity by cutting CRR. Due to tight liquidity conditions, call rates remained above Repo rate (8.5%) touching a high of about 10%. With expectations of the end of tightening of policy rate by RBI and falling inflation, sentiments in the debt market continued to be bullish. Further, helped by the Open Market Operation (OMO) by RBI and increasing appetite for debt papers, Bond Yields eased, across the maturities. However, high interest rates at short end have resulted in inversion of yield curve. After announcement of cut in CRR, bond yield dropped sharply in a knee-jerk reaction, but recovered based on the perception that the OMOs will be discontinued by RBI. 10 year Benchmark G-sec closed at 8.27% as against 8.56% at December end.

With the expectations of inflation cooling down and change in the stance of RBI, bond yields are likely to ease further. Pace of drop in yields will, however, depend on the rate action by RBI and liquidity conditions in the market. Stock Markets: After a sharp fall in December’2011, Indian markets witnessed sharp rally in January’2012, supported by increased FII inflows, outperforming most of the Global markets. Rally in the market was also aided by drop in inflation, better IIP numbers and signs of resolution of payment crisis in Greece.

Equity Indices The Rally was led by the beaten down sector viz. Metals, Banking, Reality and Power, while the defensive sectors (IT, FMCG and healthcare) underperformed in relation to the broader benchmarks indices.

Sensex Nifty

Close as on 31.12.11 15,455 4,624 Close as on 31.01.12 17,194 5,199 Monthly change% 11.2% 12.4%

Sectors Index Nos. Abs

G/L % Jan-12 Dec-11

Information Technology Index 5,778 5,752 0.4%

Fmcg Index 4,074 4,035 1.0%

Healthcare Index 6,336 5,871 7.9%

Consumer Durables Index 5,906 5,284 11.8%

Oil & Gas Index 8,500 7,529 12.9%

Auto Index 9,242 8,144 13.5%

Power Index 2,076 1,796 15.6% Capital Goods Index 9,865 8,068 22.3%

Realty Index 1,708 1,376 24.2%

Bankex 11,391 9,153 24.4%

Metal Index 11,499 9,239 24.5% Even after a sharp run, valuation of Nifty and Sensex at about 13.7 X of FY13 consensus earnings estimates are cheaper than the historical averages. Momentum driven by strong FII inflows may drive the market levels upwards.

7.20

7.70

8.20

8.70

9.20

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29

YTM

TENOR (YEARS)

YIELD CHANGES

31-Mar-11 30-Dec-11 31-Jan-12

Performance Summary as on January 31, 2012

InveSTAR

6 Months 1 Year 2 Year Since

Inception

SFIN

Equity Fund

ULIF 002 25/02/09 SUD‐LI‐EQ1 142

Growth Fund *

ULIF 003 25/02/09 SUD LI GR1 142I di id l

NAV Returns

Inception date AUM (Rs. Cr) NAV (Rs.)

Absolute CAGR

Scheme Name

‐4.89% ‐6.01% 2.05% 23.58%

‐2.73% ‐1.96% 3.44% 20.90%

25/02/2009 99.21 18.6782

25/02/2009 107.74 17.5454

InveSTAR

ULIF 003 25/02/09 SUD‐LI‐GR1 142

Balanced Fund

ULIF 001 18/02/09 SUD‐LI‐BL1 142

Bond Fund

ULIF 004 25/02/09 SUD‐LI‐BN1 142

Individual Pension Fund ‐ Equity

ULIF 005 31/03/09 SUD‐PI‐EQ1 142

Individual Pension Fund ‐ Growth

ULIF 006 31/03/09 SUD‐PI‐GR1 142

Individual Pension Fund ‐ Balanced

Individual

Life @

Pension Life

@@

‐3.00% ‐2.60% 2.60%

18/02/2009 59.91 14.1550

31/03/2009 78.42 15.6557

31/03/2009 54 75

31/03/2009 86.29 14.6621

1.68% 3.48% 4.37% 12.48%

25/02/2009 24.92 11.8310 4.39% 7.74% 5.92% 6.07%

13 4126 1 44% 2 98% 4 58% 10 90%

‐5.24% ‐6.09% 1.92% 17.11%

14.43%

InveSTAR

ULIF 007 31/03/09 SUD‐PI‐BL1 142

Individual Pension Fund ‐ Bond

ULIF 008 31/03/09 SUD‐PI‐BN1 142

Apex Equity Fund

ULIF 009 20/01/10 SUD‐LA‐EQ1 142

Apex Growth Fund

ULIF 010 20/01/10 SUD‐LA‐GR1 142

Apex Balanced Fund

ULIF 011 20/01/10 SUD‐LA‐BL1 142

Individual

Apex $

31/03/2009 54.75 13.4126 1.44% 2.98% 4.58% 10.90%

7.74% 6.07% 5.99%

20/01/2010 10.1907 ‐5.02% ‐5.64% 2.23% 0.93%

31/03/2009 14.39 11.7962 4.42%

316.57

303.8920/01/2010 10.4997 ‐2.68% ‐2.22% 3.46% 2.43%

20/01/2010 10.8276 ‐0.58% 0.89% 4.41% 3.99%181.76

InveSTAR

Apex Bond Fund

ULIF 012 20/01/10 SUD‐LA‐BN1 142

Individual Pension Fund ‐ Apex Equity

ULIF 013 20/01/10 SUD‐PA‐EQ1 142

Individual Pension Fund ‐ Apex Growth

ULIF 014 20/01/10 SUD‐PA‐GR1 142

Individual Pension Fund ‐ Apex Balanced

ULIF 015 20/01/10 SUD‐PA‐BL1 142

Individual Pension Fund ‐ Apex Bond

ULIF 016 20/01/10 SUD‐PA‐BN1 142

Pension

Apex $$

41.7820/01/2010 11.3230 4.90% 7.88% 6.11% 6.31%

‐6.12% 1.22% 0.12%96.86

20/01/2010 10.2191 ‐2.57% ‐2.32% 2.29% 1.07%

20/01/2010 10.0246 ‐4.88%

109.97

0.54% 3.49% 2.70%

20‐01‐2010 11.2901 4.65% 7.83% 5.95% 6.16%

20/01/2010 10.5549 ‐0.14%51.20

18.03

InveSTAR

ULIF 016 20/01/10 SUD‐PA‐BN1 142

Express Balanced Fund

ULIF 017 29/04/11 SUD‐LX‐BL1 142

Discontinued Policies Fund

ULIF 018 03/06/11 SUD‐UL‐DP1 142

Total AUM 1667.16

@ For Dhan Suraksha, Dhan Suraksha Premium, Prabhat Tara Products # Absolute Return

@@ For Dhruv Tara Products

$ For New Dhan Suraksha New Dhan Suraksha Premium New Prabhat Tara

Individual

Life *N.A N.A # 2.28%29/04/2011 17.93 10.2279 ‐0.33%

03/06/2011 3.58 10.1959 N.A N.A N.A # 1.96%

InveSTAR

$ For New Dhan Suraksha, New Dhan Suraksha Premium, New Prabhat Tara, Dhan Suraksha 3, Dhan Suraksha Premium 3 Products.

$$ For New Dhruv Tara Products

* For Dhan Suraksha Express

InveSTAR InveSTAR

Investment Objective:

Date of Inception : SFIN No.

February 25, 2009 ULIF 002 25/02/09 SUD‐LI‐EQ1 142

Products : AUM:

Rs. 99.21 Cr

Portfolio % to AUM

`

Equity 85.48% Minimum Maximum

Reliance Industries Ltd 6.92% 80% 100% 85.48%

Larsen & Toubro Limited 5.61% 0% 20% 14.52%

ITC Ltd. 4.49%

State Bank of India 4.46%

Tata Consultancy Services Limited 4.23%

Infosys Ltd 3.94%

ICICI Bank Ltd 3.93%

Housing Development Finance Corporation Ltd. 3.55%

HDFC Bank Ltd 3.39%

Bajaj Auto Limited 2.97%

Bharti Airtel Limited 2.95%

Cipla Ltd. 2.83%

Hindustan Unilever Limited 2.64%

Coal India Limited 2.50%

Grasim Industries Ltd. 2.22%

Sun Pharmaceuticals Industries Ltd 2 20%

To tap growth opportunities for long term capital appreciation through investments primarily in equity and

equity‐related instruments.

Investment PatternActual

Asset Mix

Particulars

Equity

MM & Others

EQUITY FUND - JANUARY, 2012

Benchmark :

S & P CNX Nifty ‐ 90%

For Dhan Suraksha, Dhan Suraksha Premium, Prabhat

Tara.

CRISIL Liquid Fund Index ‐ 10%

Equity85.48%

MM & Others14.52%

Asset Allocation (% to AUM)

Sun Pharmaceuticals Industries Ltd 2.20%

Mahindra & Mahindra Ltd. 2.06%

Dr. Reddys Laboratories Ltd. 1.98%

Axis Bank Limited 1.95%

Chambal Fertilizers & Chemicals Ltd 1.67%

The Indian Hotels Company Limited 1.51%

Hindustan Petroleum Corporation Ltd. 1.49%

Godrej Consumer Products Limited 1.48%

Tata Motors Limited 1.47%

Idea Cellular Limited 1.36%

Aditya Birla Nuvo Limited 1.30%

Sterlite Industries ( India ) Limited 1.08%

Others (with < 1% exposure) 9.34%

MM & Others 14.52%

Total 100.00%

`

14.90%

9.70%

8.47%

7.41%

5.61%

4.49%

4.30%

4.12%

Banking Services

Computer software

Refinery

Drugs & pharmaceuticals

Industrial Construction

Tobacco products

Telecommunication services

Cosmetics, toiletries, soaps & detergents

Top 10 Industry Exposure (% to AUM)

Equity85.48%

MM & Others14.52%


9

11

13

15

17

19

21

23

25

Feb‐09

Mar‐09

Apr‐09

May‐09

Jun‐09

Jul‐09

Aug‐09

Sep‐09

Oct‐09

Nov‐09

Dec‐09

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

May‐11

Jun‐11

Jul‐11

Aug‐11

Sep‐11

Oct‐11

Nov‐11

Dec‐11

Jan‐12

NAV/U

NIT (Rs)

NAV Performance (Since Inception)

Equity Fund Benchmark

14.90%

9.70%

8.47%

7.41%

5.61%

4.49%

4.30%

4.12%

3.55%

2.97%

Banking Services

Computer software

Refinery



Tobacco products



Housing Finance Services

Two & three wheelers

Top 10 Industry Exposure (% to AUM)

Equity85.48%

MM & Others14.52%


9

11

13

15

17

19

21

23

25

Feb‐09

Mar‐09

Apr‐09

May‐09

Jun‐09

Jul‐09

Aug‐09

Sep‐09

Oct‐09

Nov‐09

Dec‐09

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

May‐11

Jun‐11

Jul‐11

Aug‐11

Sep‐11

Oct‐11

Nov‐11

Dec‐11

Jan‐12

NAV/U

NIT (Rs)


Equity Fund Benchmark

Investment Objective :


February 25, 2009 ULIF 003 25/02/09 SUD‐LI‐GR1 142

Products : AUM:

Rs. 107.74 Cr

Portfolio % to AUM

`






ITC Ltd. 2.99%





HDFC Bank Ltd 2.44%


Infosys Ltd 2.23%







Mahindra & Mahindra Ltd 1 25%

Equity

Debt, MM & Others

To aim for medium to long term capital appreciation by maintaining a diversified portfolio of equity and

equity related instruments and fair exposure to high credit quality portfolio of debt and money market

instruments.


Asset Mix

Particulars

GROWTH FUND - JANUARY, 2012

Benchmark :


CRISIL Composite Bond Index ‐ 30%


Tara & Dhan Suraksha Express.

Debt25.38%

Equity62.10%

MM & Others12.53%


AA+

Debt Rating Profile (% of Debt)Mahindra & Mahindra Ltd. 1.25%

Cipla Ltd. 1.15%

GAIL (India) Limited 1.10%


Power Grid Corporation of India Limited 1.02%


Debt 25.38%

Gilts & SDL 1.21%

GOI 1.21%

Corporate Bonds 24.17%


LIC Housing Finance Ltd 3.07%

Power Finance Corporation Limited 2.49%

Reliance Ports & Terminals Ltd. 1.98%

Reliance Capital Limited 1.30%

Indian Oil Corporation Ltd 1.18%

Steel Authority of India Ltd. 1.08%

The Great Eastern Shipping Co. Limited 1.04%Tech Mahindra Limited 1.03%


MM & Others 12.53%

Total 100.00%

`

11.52%

9.09%

7.42%

6.56%

5.70%

4.82%

4.62%

4.02%

Banking Services


Refinery

Computer software


Infrastructure finance …


Telecommunication …

Top 10 Industry Exposure ( % to AUM)< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years

9.84%

45.89%

11.88%

31.38%

1.01%

Debt Maturity Profile ( % of Debt)

Debt25.38%

Equity62.10%

MM & Others12.53%


Gilt4.75%

AAA91.14%

AA0.73%

AA+3.37%

Debt Rating Profile (% of Debt)

10

11

12

13

14

15

16

17

18

19

20

NAV/U

NIT (Rs)

NAV Performance (Since Inception)Growth Fund Benchmark

11.52%

9.09%

7.42%

6.56%

5.70%

4.82%

4.62%

4.02%

3.31%

2.99%

Banking Services


Refinery

Computer software


Infrastructure finance …


Telecommunication …


Tobacco products


9.84%

45.89%

11.88%

31.38%

1.01%


Debt25.38%

Equity62.10%

MM & Others12.53%


Gilt4.75%

AAA91.14%

AA0.73%

AA+3.37%


9

10

11

12

13

14

15

16

17

18

19

20

Feb‐09

Mar‐09

Apr‐09

May‐09

Jun‐09

Jul‐09

Aug‐09

Sep‐09

Oct‐09

Nov‐09

Dec‐09

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

May‐11

Jun‐11

Jul‐11

Aug‐11

Sep‐11

Oct‐11

Nov‐11

Dec‐11

Jan‐12

NAV/U

NIT (Rs)

NAV Performance (Since Inception)Growth Fund Benchmark



February 18, 2009 ULIF 001 18/02/09 SUD‐LI‐BL1 142

Products : AUM :

Rs. 59.91 Cr

% to AUM

`


Infosys Ltd 3.26% 0% 60% 27.38%





ITC Ltd. 1.67%

Larsen & Toubro Limited 1.40%



HDFC Bank Ltd 1.07%


Debt 62.94%

Gilts & SDL 5.87%

GOI 4.88%

SDL (with < 1% exposure) 0.99%


Housing Development Finance Corporation Ltd. 5.85%LIC Housing Finance Ltd 5 32%

BALANCED FUND - JANUARY, 2012

To aim for stable returns over medium to long term through investments in high quality fixed income and

money market instruments and enhance returns through a fair exposure to equity investments.


Asset Mix

Particulars


Tara.

Equity

Debt, MM & Others

Benchmark :



Debt62.94%

Equity27.38%

MM & Others9.68%


Debt Rating Profile (% of Debt)LIC Housing Finance Ltd 5.32%Power Finance Corporation Limited 5.07%Reliance Capital Limited 3.67%Larsen & Toubro Limited 3.44%




Reliance Gas Transportation Infrastucture Limited 2.73%

Dr. Reddy's Laboratories Ltd. 2.50%

Tech Mahindra Limited 2.03%

ACC Limited 1.96%

Tata Communications Limited 1.83%

National Housing Bank 1.80%

The Great Eastern Shipping Co. Limited 1.71%

Indian Railway Financial Corporation Ltd. 1.67%

TATA Sons 1.66%



Rural Electrification Corporation Limited 1.01%


MM & Others 9.68%

Total 100.00%

`

14.44%

10.62%

6.50%

5.85%

4.86%

4.84%

4.80%

3.96%


Infrastructure finance services

Refinery

Computer software

Banking Services



Steel

Top 10 Industry Exposure ( % to AUM)

< 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years

7.92%

51.74%

12.79%

25.91%

1.64%

Debt Maturity Profile (% of Debt)

Debt62.94%

Equity27.38%

MM & Others9.68%


Gilt9.32%

AAA81.71%

AA+8.96%


9

10

11

12

13

14

15

16

NAV/U

NIT (Rs)


Balance Fund Benchmark

14.44%

10.62%

6.50%

5.85%

4.86%

4.84%

4.80%

3.96%

3.67%

3.19%



Refinery

Computer software

Banking Services



Steel

Investment services

Electricity distribution



7.92%

51.74%

12.79%

25.91%

1.64%

Debt Maturity Profile (% of Debt)

Debt62.94%

Equity27.38%

MM & Others9.68%


Gilt9.32%

AAA81.71%

AA+8.96%


9

10

11

12

13

14

15

16

Feb‐09

Mar‐09

Apr‐09

May‐09

Jun‐09

Jul‐09

Aug‐09

Sep‐09

Oct‐09

Nov‐09

Dec‐09

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

May‐11

Jun‐11

Jul‐11

Aug‐11

Sep‐11

Oct‐11

Nov‐11

Dec‐11

Jan‐12

NAV/U

NIT (Rs)


Balance Fund Benchmark



February 25, 2009 ULIF 004 25/02/09 SUD‐LI‐BN1 142

Products : AUM :

Rs. 24.92 Cr

Portfolio % to AUM

`

Debt 91.93% Minimum Maximum

Gilts & SDL 20.18% 80% 100% 91.93%

GOI 18.43% 0% 20% 8.07%

SDL ‐ Gujarat 1.18%







ACC Limited 4.34%



National Bank For Agriculture And Rural Development 3.23%




MRF Ltd. 2.92%

BOND FUND - JANUARY, 2012

To aim for stable returns over medium to long term by judicious mix of investments in Government securities and

high quality corporate debt of varying maturities and also in money market instruments.


Asset Mix

Particulars


Tara.

Debt

MM & Others



Benchmark :

Debt91.93%

MM & Others8.07%


AA+



TATA Sons 2.81%

The Great Eastern Shipping Co. Limited 2.46%






Reliance Industries Ltd 1.24%

IDFC 1.19%


MM & Others 8.07%

Total 100.00%

`

13.63%

10.39%

5.41%

4.96%

4.35%

4.34%

4.33%

3.49%

3.28%




LNG storage & distribution


Cement

Diversified

Steel

Refinery



8.68%

36.61%

12.56%

36.71%

5.43%


Debt91.93%

MM & Others8.07%


Gilt21.95%

AAA67.55%

AA0.44%

AA+10.06%


10.3

10.8

11.3

11.8

12.3

NAV/U

NIT (Rs)


Bond Fund Benchmark

13.63%

10.39%

5.41%

4.96%

4.35%

4.34%

4.33%

3.49%

3.28%

3.20%






Cement

Diversified

Steel

Refinery

Investment services



8.68%

36.61%

12.56%

36.71%

5.43%


Debt91.93%

MM & Others8.07%


Gilt21.95%

AAA67.55%

AA0.44%

AA+10.06%


9.8

10.3

10.8

11.3

11.8

12.3

Feb‐09

Mar‐09

Apr‐09

May‐09

Jun‐09

Jul‐09

Aug‐09

Sep‐09

Oct‐09

Nov‐09

Dec‐09

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

May‐11

Jun‐11

Jul‐11

Aug‐11

Sep‐11

Oct‐11

Nov‐11

Dec‐11

Jan‐12

NAV/U

NIT (Rs)


Bond Fund Benchmark



March 31, 2009 ULIF 005 31/03/09 SUD‐PI‐EQ1 142

Products : AUM :

Rs. 78.42 Cr

Portfolio % to AUM

`







ITC Ltd. 3.56%





HDFC Bank Ltd 2.84%

Infosys Ltd 2.84%




INDIVIDUAL PENSION FUND EQUITY - JANUARY, 2012

Benchmark :



Equity

For Dhruv Tara Products

MM & Others

To seek consistent long term capital appreciation through investments primarily in equity and equity‐related

instruments by focusing predominantly on well established companies.

Asset Mix

ParticularsInvestment Pattern

Actual

Equity84 61%

MM & Others15.39%











Punjab National Bank 1.36%

NTPC Limited 1.27%





MM & Others 15.39%

Total 100.00%

`

14.59%

9.25%

8.50%

6.74%

5.38%

4.26%

4.22%

4.16%

3.56%

3.02%

Banking Services

Computer software

Refinery






Tobacco products



Equity84.61%

MM & Others15.39%


10

11

12

13

14

15

16

17

18

19

20

21

22

Mar‐09

May‐09

Jun‐09

Jul‐09

Aug‐09

Sep‐09

Oct‐09

Nov‐09

Dec‐09

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

May‐11

Jun‐11

Jul‐11

Aug‐11

Sep‐11

Oct‐11

Nov‐11

Dec‐11

Jan‐12

NAV/U

NIT (Rs)


Pen Equity Benchmark

14.59%

9.25%

8.50%

6.74%

5.38%

4.26%

4.22%

4.16%

3.56%

3.02%

Banking Services

Computer software

Refinery






Tobacco products



Equity84.61%

MM & Others15.39%


10

11

12

13

14

15

16

17

18

19

20

21

22

Mar‐09

May‐09

Jun‐09

Jul‐09

Aug‐09

Sep‐09

Oct‐09

Nov‐09

Dec‐09

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

May‐11

Jun‐11

Jul‐11

Aug‐11

Sep‐11

Oct‐11

Nov‐11

Dec‐11

Jan‐12

NAV/U

NIT (Rs)


Pen Equity Benchmark


To seek consistent growth over medium to long term by focusing predominantly on well established

companies through investments primarily in equity and equity‐related instruments and fair exposure to high

credit quality portfolio of debt and money market instruments.

INDIVIDUAL PENSION FUND GROWTH - JANUARY, 2012


March 31, 2009 ULIF 006 31/03/09 SUD‐PI‐GR1 142

Products : AUM :

Rs. 86.29 Cr

Portfolio % to AUM

`


Reliance Industries Ltd 4 99% 40% 100% 62 09%Equity

Asset Mix


Actual

Benchmark :











ITC Ltd. 2.54%


HDFC Bank Ltd 2.40%

Infosys Ltd 2.37%


Equity

Debt, MM & Others

Debt27.16%

MM & Others10.76%








Tata Steel Limited 1.18%





P G id C i f I di Li i d 1 04%

Debt27.16%

Equity62.09%

MM & Others10.76%


Gilt4.73%

AA0.86%

AA+8.16%




Debt 27.16%

Gilts & SDL 1.28%

GOI 1.21%





Steel Authority of India Ltd 2 34%

Debt27.16%

Equity62.09%

MM & Others10.76%


Gilt4.73%

AAA86.25%

AA0.86%

AA+8.16%











ACC Limited 1.03%

Aditya Birla Nuvo Limited 1.03%Others (with < 1% exposure) 3.27%

54.95%


Debt27.16%

Equity62.09%

MM & Others10.76%


Gilt4.73%

AAA86.25%

AA0.86%

AA+8.16%


MM & Others 10.76%

Total 100.00%

11.12%

9.18%

Banking Services

Computer software

Top 10 Industry Exposure ( % to AUM) < 1 year 1‐3 years 3‐5 years 5‐10 years > 10 years

5.92%

54.95%

13.77%21.31%

4.05%


Debt27.16%

Equity62.09%

MM & Others10.76%


Gilt4.73%

AAA86.25%

AA0.86%

AA+8.16%


19


Pen Growth Benchmark`

11.12%

9.18%

7.87%

7.67%

5.31%

5.19%

3.99%

3.76%

Banking Services

Computer software


Refinery




Steel


5.92%

54.95%

13.77%21.31%

4.05%


Debt27.16%

Equity62.09%

MM & Others10.76%


Gilt4.73%

AAA86.25%

AA0.86%

AA+8.16%


12

13

14

15

16

17

18

19

NAV/U

NIT (Rs)


Pen Growth Benchmark

11.12%

9.18%

7.87%

7.67%

5.31%

5.19%

3.99%

3.76%

3.48%

3.43%

Banking Services

Computer software


Refinery




Steel




5.92%

54.95%

13.77%21.31%

4.05%


Debt27.16%

Equity62.09%

MM & Others10.76%


Gilt4.73%

AAA86.25%

AA0.86%

AA+8.16%


10

11

12

13

14

15

16

17

18

19

Mar‐09

May‐09

Jun‐09

Jul‐09

Aug‐09

Sep‐09

Oct‐09

Nov‐09

Dec‐09

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

May‐11

Jun‐11

Jul‐11

Aug‐11

Sep‐11

Oct‐11

Nov‐11

Dec‐11

Jan‐12

NAV/U

NIT (Rs)


Pen Growth Benchmark



March 31, 2009 ULIF 007 31/03/09 SUD‐PI‐BL1 142

Products : AUM :

Rs. 54.75 Cr

Portfolio % to AUM

`


Infosys Ltd 3.07% 0% 60% 27.02%



ITC Ltd. 1.96%

Larsen & Toubro Limited 1.84%Housing Development Finance Corporation Ltd. 1.77%






Debt 63.44%

Gilts & SDL 4.90%GOI 4.00%SDL (with < 1% exposure) 0.90%

Corporate Bonds 58.53%Housing Development Finance Corporation Ltd. 6.29%Reliance Capital Limited 4 56%

INDIVIDUAL PENSION FUND BALANCED - JANUARY, 2012

Benchmark :



Equity


Debt, MM & Others

To aim for stable returns over medium to long term through investments in high quality fixed income and

money market instruments and enhance returns through a fair exposure to equity investments.

Asset Mix


Actual

Debt63.44%

Equity27.02%

MM & Others9.54%


Gilt7.73%

AA1 73%

AA+11.01%


Reliance Capital Limited 4.56%LIC Housing Finance Ltd 4.53%




ACC Limited 3.05%








TATA Sons 1.46%





MM & Others 9.54%

Total 100.00%

`

14.31%

8.73%

8.28%

6.27%

4.96%

4.71%

4.70%

4.56%


Refinery


Computer software

Banking Services

Steel


Investment services



14.03%

42.96%

16.55%22.12%

4.34%


Debt63.44%

Equity27.02%

MM & Others9.54%


Gilt7.73%

AAA79.53%

AA1.73%

AA+11.01%


11

12

13

14

15

NAV/U

NIT (R

s)


Pen Bal Benchmark

14.31%

8.73%

8.28%

6.27%

4.96%

4.71%

4.70%

4.56%

4.14%

4.01%


Refinery


Computer software

Banking Services

Steel


Investment services





14.03%

42.96%

16.55%22.12%

4.34%


Debt63.44%

Equity27.02%

MM & Others9.54%


Gilt7.73%

AAA79.53%

AA1.73%

AA+11.01%


10

11

12

13

14

15

Mar‐09

May‐09

Jun‐09

Jul‐09

Aug‐09

Sep‐09

Oct‐09

Nov‐09

Dec‐09

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

May‐11

Jun‐11

Jul‐11

Aug‐11

Sep‐11

Oct‐11

Nov‐11

Dec‐11

Jan‐12

NAV/U

NIT (R

s)


Pen Bal Benchmark



March 31, 2009 ULIF 008 31/03/09 SUD‐PI‐BN1 142

Products : AUM :

Rs. 14.39 Cr

Portfolio % to AUM

`


Gilts & SDL 11.59% 80% 100% 86.68%

GOI 6.55% 0% 20% 13.32%

SDL ‐ AP 1.95%


SDL ‐ Kerala 1.33%










Reliance Capital Limited 4 16%

INDIVIDUAL PENSION FUND BOND - JANUARY, 2012

Benchmark :



Debt


MM & Others

To aim for stable returns over medium to long term by judicious mix of investments in Government securities

and high quality corporate debt of varying maturities and also in money market instruments.

Asset Mix


Actual

Debt86.68%

MM & Others13.32%




ACC Limited 3.46%


MRF Ltd. 2.89%



TATA Sons 2.10%


IDFC 2.07%





MM & Others 13.32%

Total 100.00%

`

14.18%

12.47%

7.55%

6.92%

6.09%

5.82%

5.01%

4.16%





Steel

Refinery


Investment services



10.35%

33.60%

17.15%

34.87%

4.03%


Debt86.68%

MM & Others13.32%


Gilt13.37%

AAA74.54%

AA1.61%

AA+10.48%


10 0

10.2

10.4

10.6

10.8

11.0

11.2

11.4

11.6

NAV/U

NIT (Rs)

NAV Performance (Since Inception)Pen Bond Benchmark

14.18%

12.47%

7.55%

6.92%

6.09%

5.82%

5.01%

4.16%

4.12%

3.46%





Steel

Refinery


Investment services

Diversified

Cement



10.35%

33.60%

17.15%

34.87%

4.03%


Debt86.68%

MM & Others13.32%


Gilt13.37%

AAA74.54%

AA1.61%

AA+10.48%


9.8

10.0

10.2

10.4

10.6

10.8

11.0

11.2

11.4

11.6

Mar‐09

May‐09

Jun‐09

Jul‐09

Aug‐09

Sep‐09

Oct‐09

Nov‐09

Dec‐09

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

May‐11

Jun‐11

Jul‐11

Aug‐11

Sep‐11

Oct‐11

Nov‐11

Dec‐11

Jan‐ 12

NAV/U

NIT (Rs)

NAV Performance (Since Inception)Pen Bond Benchmark



January 20, 2010 ULIF 009 20/01/10 SUD‐LA‐EQ1 142

Products: AUM :

Rs. 316.57 Cr

Portfolio % to AUM

`




ITC Ltd. 4.26%


Infosys Ltd 3.70%



HDFC Bank Ltd 3.33%










APEX EQUITY FUND - JANUARY, 2012

To tap growth opportunities for long term capital appreciation through investments primarily in equity and

equity‐related instruments.


Asset Mix

Particulars

For New Dhan Suraksha, New Dhan Suraksha Premium,

New Prabhat Tara, Dhan Suraksha 3 & Dhan Suraksha

Premium 3.

Equity

MM & Others

Benchmark :



Equity82.76%

MM & Others17.24%




Cipla Ltd. 1.45%


Oil & Natural Gas Corpn Ltd 1.37%






Hindalco Industries Ltd. 1.11%

Tata Power Co. Ltd. 1.10%

Tata Global Beverages Ltd. 1.07%

Wipro Ltd 1.05%

Petronet LNG Limited 1.04%

Cadila Healthcare Limited 1.01%Others (with < 1% exposure) 6.29%

MM & Others 17.24%

Total 100.00%

`

13.65%

9.24%

8.04%

7.90%

4.49%

4.26%

4.18%

3.48%

Banking Services

Computer software


Refinery


Tobacco products




Equity82.76%

MM & Others17.24%


8.5

9.0

9.5

10.0

10.5

11.0

11.5

12.0

12.5

13.0

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

May‐11

Jun‐11

Jul‐11

Aug‐11

Sep‐11

Oct‐11

Nov‐11

Dec‐11

Jan‐12

NAV/U

NIT (Rs)


Apex Equity Benchmark

13.65%

9.24%

8.04%

7.90%

4.49%

4.26%

4.18%

3.48%

2.71%

2.58%

Banking Services

Computer software


Refinery


Tobacco products




Other Financial Services


Equity82.76%

MM & Others17.24%


8.5

9.0

9.5

10.0

10.5

11.0

11.5

12.0

12.5

13.0

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

May‐11

Jun‐11

Jul‐11

Aug‐11

Sep‐11

Oct‐11

Nov‐11

Dec‐11

Jan‐12

NAV/U

NIT (Rs)


Apex Equity Benchmark



January 20, 2010 ULIF 010 20/01/10 SUD‐LA‐GR1 142

Products : AUM :

Rs. 303.89 Cr

Portfolio % to AUM

`




ITC Ltd. 3.00%



Infosys Ltd 2.58%





HDFC Bank Ltd 2.16%








Cipla Ltd. 1.25%

Wipro Ltd 1.16%

Grasim Industries Ltd 1 12%

APEX GROWTH FUND - JANUARY, 2012

To aim for medium to long term capital appreciation by maintaining a diversified portfolio of equity and equity

related instruments and fair exposure to high credit quality portfolio of debt and money market instruments.


Asset Mix

Particulars

For New Dhan Suraksha, New Dhan Suraksha

Premium, New Prabhat Tara, Dhan Suraksha 3 &

Dhan Suraksha Premium 3.

Equity

Debt, MM & Others

Benchmark :



Debt22.83%

Equity61.80%

MM & Others15.37%


AA+6 47%





Petronet LNG Limited 1.08%






Debt 22.83%

Gilts & SDL 3.86%

GOI 3.51%








MM & Others 15.37%

Total 100.00%

`

10.21%

8.08%

6.99%

6.81%

6.42%

4.81%

3.39%

Banking Services


Computer software

Refinery





5.03%

49.00%

9.59%

26.36%

10.03%


Debt22.83%

Equity61.80%

MM & Others15.37%


Gilt16.91%

AAA76.63%

AA+6.47%


10.0

10.5

11.0

11.5

12.0

NAV/U

NIT (Rs)


Apex Growth Benchmark

10.21%

8.08%

6.99%

6.81%

6.42%

4.81%

3.39%

3.39%

3.00%

2.95%

Banking Services


Computer software

Refinery





Tobacco products



5.03%

49.00%

9.59%

26.36%

10.03%


Debt22.83%

Equity61.80%

MM & Others15.37%


Gilt16.91%

AAA76.63%

AA+6.47%


9.0

9.5

10.0

10.5

11.0

11.5

12.0

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

May‐11

Jun‐11

Jul‐11

Aug‐11

Sep‐11

Oct‐11

Nov‐11

Dec‐11

Jan‐12

NAV/U

NIT (Rs)


Apex Growth Benchmark



January 20, 2010 ULIF 011 20/01/10 SUD‐LA‐BL1 142

Products : AUM :

Rs. 181.76 Cr

Portfolio % to AUM

`



Infosys Ltd 2.45% 35% 65% 56.13%


Bajaj Auto Limited 2.05%ITC Ltd. 1.93%ICICI Bank Ltd 1.86%




HDFC Bank Ltd 1.69%Axis Bank Limited 1.66%







Cipla Ltd. 1.06%


Debt 39.90%

APEX BALANCED FUND - JANUARY, 2012


Asset Mix

Particulars

Equity

Debt, MM & Others

To optimize returns over medium to long term, by aiming balance between risk and return, through

investments in high quality equity and debt instruments.

Benchmark :






Debt39.90%

Equity43.87%

MM & Others16.23%

Asset Allocation( % to AUM)

AA+4.71%


Gilts & SDL 5.60%

GOI 4.48%







UltraTech Cement Limited 2.33%

Infrastructure Leasing & Financial Services Ltd. 2.01%



TATA Sons 1.31%




MM & Others 16.23%

Total 100.00%

`

11.45%

7.52%

7.08%

5.13%

4.89%

4.08%

3.81%

3.17%


Banking Services


Computer software

Refinery



Cement



6.32%

44.67%

12.18%

32.09%

4.73%


Debt39.90%

Equity43.87%

MM & Others16.23%


Gilt14.04%

AAA81.24%

AA+4.71%


10

10.5

11

11.5

12

NAV/U

NIT (R

s)


Apex Balance Benchmark

11.45%

7.52%

7.08%

5.13%

4.89%

4.08%

3.81%

3.17%

2.89%

2.35%


Banking Services


Computer software

Refinery



Cement


Shipping transport infrastructure services



6.32%

44.67%

12.18%

32.09%

4.73%


Debt39.90%

Equity43.87%

MM & Others16.23%


Gilt14.04%

AAA81.24%

AA+4.71%


9

9.5

10

10.5

11

11.5

12

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

May‐11

Jun‐11

Jul‐11

Aug‐11

Sep‐11

Oct‐11

Nov‐11

Dec‐11

Jan‐12

NAV/U

NIT (R

s)


Apex Balance Benchmark



January 20, 2010 ULIF 012 20/01/10 SUD‐LA‐BN1 142

Products : AUM :

Rs. 41.78 Cr

Portfolio % to AUM

`

Minimum Maximum

Debt 83.12% 80% 100% 83.12%

Gilts & SDL 19.64% 0% 20% 16.88%

GOI 18.11%







Infrastructure Leasing & Financial Services Ltd. 3.75%

L & T Finance Ltd. 3.61%


TATA Sons 3.10%

APEX BOND FUND - JANUARY, 2012




Asset Mix




DEBT

MM & Others

Particulars

Benchmark :



Debt83.12%

MM & Others16.88%


Debt Rating Profile (% of Debt)TATA Sons 3.10%








UltraTech Cement Limited 1.65%

MRF Ltd. 1.24%

IDFC 1.19%


MM & Others 16.88%

Total 100.00%

`

15.23%

11.92%

6.70%

3.75%

3.61%

3.52%

3.10%

3.07%

%




Other Fund Base Financial Services



Securities investment services


R fi



4.30%

28.05%

18.59%

28.10%

20.96%


Debt83.12%

MM & Others16.88%


Gilt23.63%

AAA64.57%

AA+11.80%


10 0

10.2

10.4

10.6

10.8

11.0

11.2

11.4

11.6

NAV/U

NIT (Rs)


Apex Bond Benchmark

15.23%

11.92%

6.70%

3.75%

3.61%

3.52%

3.10%

3.07%

2.79%

2.61%




Other Fund Base Financial Services





Refinery




4.30%

28.05%

18.59%

28.10%

20.96%


Debt83.12%

MM & Others16.88%


Gilt23.63%

AAA64.57%

AA+11.80%


9.8

10.0

10.2

10.4

10.6

10.8

11.0

11.2

11.4

11.6

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

May‐11

Jun‐11

Jul‐11

Aug‐11

Sep‐11

Oct‐11

Nov‐11

Dec‐11

Jan‐12

NAV/U

NIT (Rs)


Apex Bond Benchmark



January 20, 2010 ULIF 013 20/01/10 SUD‐PA‐EQ1 142

Products : AUM :

Rs. 96.86 Cr

Portfolio % to AUM

`








HDFC Bank Ltd 3.68%

ITC Ltd. 3.64%



Infosys Ltd 2.76%








INDIVIDUAL PENSION FUND APEX EQUITY - JANUARY, 2012

Benchmark :



Equity

For New Dhruv Tara Products

MM & Others

To seek consistent long term capital appreciation through investments primarily in equity and equity‐related

instruments by focusing predominantly on well established companies.

Asset Mix


Actual

Equity84.31%

MM & Others15.69%



Cipla Ltd. 1.55%



Glenmark Pharmaceuticals Ltd. 1.43%

GAIL (India) Limited 1.42%




Hindalco Industries Ltd. 1.21%

Mahindra & Mahindra Ltd. 1.07%HCL Technologies Ltd 1.07%

Power Grid Corporation of India Limited 1.02%Punjab National Bank 1.00%



MM & Others 15.69%

Total 100.00%

`

14.22%

8.45%

8.14%

7.83%

5.55%

4.35%

4.26%

4.14%

Banking Services

Computer software

Refinery







Equity84.31%

MM & Others15.69%


8.5

9.0

9.5

10.0

10.5

11.0

11.5

12.0

12.5

13.0

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

May‐11

Jun‐11

Jul‐11

Aug‐11

Sep‐11

Oct‐11

Nov‐11

Dec‐11

Jan‐12

NAV/U

NIT (Rs)


Pen Apex Equity Benchmark

14.22%

8.45%

8.14%

7.83%

5.55%

4.35%

4.26%

4.14%

4.04%

3.64%

Banking Services

Computer software

Refinery







Tobacco products


Equity84.31%

MM & Others15.69%


8.5

9.0

9.5

10.0

10.5

11.0

11.5

12.0

12.5

13.0

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

May‐11

Jun‐11

Jul‐11

Aug‐11

Sep‐11

Oct‐11

Nov‐11

Dec‐11

Jan‐12

NAV/U

NIT (Rs)


Pen Apex Equity Benchmark



January 20, 2010 ULIF 014 20/01/10 SUD‐PA‐GR1 142

Products : AUM :

Rs. 109.97 Cr

Portfolio % to AUM

`




ITC Ltd. 3.55%




Infosys Ltd 2.86%



HDFC Bank Ltd 2.13%



Cipla Ltd. 1.74%







Punjab National Bank 1.24%

Id C ll l Li i d 1 24%

INDIVIDUAL PENSION FUND APEX GROWTH - JANUARY, 2012

Benchmark :



Equity


Debt, MM & Others

To seek consistent growth over medium to long term by focusing predominantly on well established

companies through investments primarily in equity and equity‐related instruments and fair exposure to high

credit quality portfolio of debt and money market instruments.

Asset Mix


Actual

Debt29.45%

Equity63.41%

MM & Others7.14%


Gilt

AA+6.19%




Glenmark Pharmaceuticals Ltd. 1.15%

Oil & Natural Gas Corpn Ltd 1.03%Dr. Reddys Laboratories Ltd. 1.01%



Debt 29.45%

Gilts & SDL 5.25%

GOI 4.67%SDL (with < 1% exposure) 0.58%

Corporate Bonds 24.20%Power Finance Corporation Limited 4.78%Housing Development Finance Corporation Ltd. 4.02%Reliance Ports & Terminals Ltd. 1.94%

Dr. Reddy's Laboratories Ltd. 1.82%LIC Housing Finance Ltd 1.69%



TATA Sons 1.18%



MM & Others 7.14%

Total 100.00%

`

9.52%

8.69%

8.08%

7.64%

7.60%

6.46%

4.74%

Banking Services



Computer software


Refinery


l i i i



1.85%

42.20%

23.96% 25.22%

6.78%


Debt29.45%

Equity63.41%

MM & Others7.14%


Gilt17.83%

AAA75.98%

AA+6.19%


9 5

10.0

10.5

11.0

11.5

12.0

NAV/U

NIT (Rs)


Pen Apex Growth Benchmark

9.52%

8.69%

8.08%

7.64%

7.60%

6.46%

4.74%

3.93%

3.55%

3.01%

Banking Services



Computer software


Refinery



Tobacco products




1.85%

42.20%

23.96% 25.22%

6.78%


Debt29.45%

Equity63.41%

MM & Others7.14%


Gilt17.83%

AAA75.98%

AA+6.19%


9.0

9.5

10.0

10.5

11.0

11.5

12.0

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

May‐11

Jun‐11

Jul‐11

Aug‐11

Sep‐11

Oct‐11

Nov‐11

Dec‐11

Jan‐12

NAV/U

NIT (Rs)


Pen Apex Growth Benchmark



January 20, 2010 ULIF 015 20/01/10 SUD‐PA‐BL1 142

Products : AUM :

Rs. 51.2 Cr

Portfolio % to AUM

`




HDFC Bank Ltd 2.31%

Infosys Ltd 2.23%Housing Development Finance Corporation Ltd. 2.18%State Bank of India 2.05%




Godrej Consumer Products Limited 1.39%Mahindra & Mahindra Ltd. 1.37%

Cipla Ltd. 1.37%ITC Ltd. 1.35%









INDIVIDUAL PENSION FUND APEX BALANCED - JANUARY, 2012

Benchmark :



Equity


Debt, MM & Others



Asset Mix


Actual

Debt50.05%Equity

44.62%

MM & Others5.32%


Gilt22 54%

AA+7.19%


Tata Motors Limited 1.05%Others (with < 1% exposure) 10.72%

Debt 50.05%

Gilts & SDL 11.28%

GOI 8.75%


SDL ‐ Other States (with < 1% exposure) 0.62%









Infrastructure Leasing & Financial Services Ltd. 2.04%TATA Sons 1.95%Indian Railway Financial Corporation Ltd. 1.15%Reliance Gas Transportation Infrastucture Limited 1.00%


MM & Others 5.32%

Total 100.00%

`

10.44%

7.64%

7.49%

7.39%

7.37%

4.68%

4.11%

4.00%


Banking Services

Refinery



Computer software


Diversified


1.16%

33.79%

24.10%

34.39%

6.55%


Debt50.05%Equity

44.62%

MM & Others5.32%


Gilt22.54%

AAA70.27%

AA+7.19%


9.5

10.0

10.5

11.0

11.5

12.0

NAV/U

NIT (Rs)


Pen Apex Bal Benchmark

`

10.44%

7.64%

7.49%

7.39%

7.37%

4.68%

4.11%

4.00%

3.13%

2.87%


Banking Services

Refinery



Computer software


Diversified




1.16%

33.79%

24.10%

34.39%

6.55%


Debt50.05%Equity

44.62%

MM & Others5.32%


Gilt22.54%

AAA70.27%

AA+7.19%


9.0

9.5

10.0

10.5

11.0

11.5

12.0

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

May‐11

Jun‐11

Jul‐11

Aug‐11

Sep‐11

Oct‐11

Nov‐11

Dec‐11

Jan‐12

NAV/U

NIT (Rs)


Pen Apex Bal Benchmark



January 20, 2010 ULIF 016 20/01/10 SUD‐PA‐BN1 142

Products : AUM :

For New Dhruv Tara Products Rs. 18.03 Cr

Portfolio % to AUM

`


Gilts & SDL 27.66% 80% 100% 87.59%

GOI 17.21% 0% 20% 12.41%


State Govt ‐ Maharashtra 4.00%

SDL ‐ AP 1.41%







IDFC 4.95%

TATA Sons 3.31%

MRF Ltd. 2.88%


Reliance Gas Transportation Infrastucture Limited 2 27%

INDIVIDUAL PENSION FUND APEX BOND -JANUARY, 2012

Benchmark :



DEBT

MM & Others



Asset Mix


Actual

Debt87.59%

MM & Others12.41%


AA+8 28%

Debt Rating Profile (% of Debt)Reliance Gas Transportation Infrastucture Limited 2.27%





ACC Limited 1.62%




MM & Others 12.41%

Total 100.00%

`

15.79%

8.49%

8.15%

6.50%

4.33%

3.31%

2.88%

2.27%

2.20%





Refinery


Tyres and Tubes





5.65%

25.66%26.72% 27.19%

14.78%


Debt87.59%

MM & Others12.41%


Gilt31.58%

AAA60.14%

AA+8.28%


10.010.110.210.310.410.510.610.710.810.911.011.111.211.311.4

NAV/U

NIT (Rs)


Pen Apex Bond Benchmark

15.79%

8.49%

8.15%

6.50%

4.33%

3.31%

2.88%

2.27%

2.20%

2.17%





Refinery


Tyres and Tubes



Diversified



5.65%

25.66%26.72% 27.19%

14.78%


Debt87.59%

MM & Others12.41%


Gilt31.58%

AAA60.14%

AA+8.28%


9.89.9

10.010.110.210.310.410.510.610.710.810.911.011.111.211.311.4

Jan‐10

Feb‐10

Mar‐10

Apr‐10

May‐10

Jun‐10

Jul‐10

Aug‐10

Sep‐10

Oct‐10

Nov‐10

Dec‐10

Jan‐11

Feb‐11

Mar‐11

Apr‐11

May‐11

Jun‐11

Jul‐11

Aug‐11

Sep‐11

Oct‐11

Nov‐11

Dec‐11

Jan‐12

NAV/U

NIT (Rs)


Pen Apex Bond Benchmark



April 29, 2011 ULIF 017 29/04/11 SUD‐LX‐BL1 142

Products : AUM :

For Dhan Suraksha Express Rs. 17.93 Cr

Portfolio % to AUM

`


Infosys Ltd 2.40% 0% 60% 29.61%




Axis Bank Limited 1.44%Larsen & Toubro Limited 1.39%ITC Ltd. 1.37%


Mangalore Refinery and Petrochemicals Ltd. 1.28%

Cipla Ltd. 1.27%

Tata Global Beverages Ltd. 1.20%

Tata Power Co. Ltd. 1.16%

HDFC Bank Ltd 1.10%




Debt 48.00%

Gilts & SDL 1.09%

GOI 1.09%

Equity

Debt, MM & Others

EXPRESS BALANCED FUND - JANUARY, 2012



Asset Mix

Benchmark :




Actual

Debt48.00%

Equity29.61%

MM & Others22.39%


Gilt2.27%AA+

12.69%








LIC Housing Finance Ltd 3.91%Larsen & Toubro Limited 3.28%Infrastructure Leasing & Financial Services Ltd. 2.91%L & T Finance Ltd. 2.81%


TATA Sons 1.13%



MM & Others 22.39%

Total 100.00%

`

12.55%

9.05%

7.84%

7.74%

4.84%

4.67%

4.00%

3.81%





Banking Services


Computer software




5.80%

18.52%

23.34%

40.73%

11.61%


Debt48.00%

Equity29.61%

MM & Others22.39%


Gilt2.27%

AAA85.04%

AA+12.69%


9.8

9.9

10.0

10.1

10.2

10.3

10.4

NAV/U

NIT (R

s)


Exp Bal Benchmark

12.55%

9.05%

7.84%

7.74%

4.84%

4.67%

4.00%

3.81%

3.51%

3.41%





Banking Services


Computer software


Refinery




5.80%

18.52%

23.34%

40.73%

11.61%


Debt48.00%

Equity29.61%

MM & Others22.39%


Gilt2.27%

AAA85.04%

AA+12.69%


9.6

9.7

9.8

9.9

10.0

10.1

10.2

10.3

10.4

Apr‐11 May‐11 Jun‐11 Jul‐11 Aug‐11 Sep‐11 Oct‐11 Nov‐11 Dec‐11 Jan‐12

NAV/U

NIT (R

s)


Exp Bal Benchmark



June 03, 2011 ULIF 018 03/06/11 SUD‐UL‐DP1 142

Products : AUM :

For all Unit Linked products Rs. 3.58 Cr

Portfolio % to AUM

`

Minimum Maximum

MM & Others 100.00%

DISCONTINUED POLICIES FUND - JANUARY, 2012

To ensure safety and liquidity of funds and to generate the returns over and above defined regulatory

minimum rate of return. (Presently it is saving bank interest rate of SBI)

Benchmark :

Asset Mix


MM & Others 0% 100% 100.00%


Actual

MM & Others100.00%


10.00

10.02

10.04

10.06

10.08

10.10

10.12

10.14

10.16

10.18

10.20

10.22

NAV/U

NIT (Rs)

NAV Performance (Since Nov 01, 2011)

Discontinued Fund Benchmark

MM & Others100.00%


9.98

10.00

10.02

10.04

10.06

10.08

10.10

10.12

10.14

10.16

10.18

10.20

10.22

NAV/U

NIT (Rs)

NAV Performance (Since Nov 01, 2011)

Discontinued Fund Benchmark

Risk Factors

• This document has been prepared for the purpose of providing general information

only.

• Unit Linked Life Insurance products are different from the traditional insurance

products and are subject to various risk factors.

• Customers should take into account their personal investment objectives, risk

appetite and other aspects of their financial situation before making an investment

decision.

• Unit linked policies are subject to market risks associated with capital markets and

NAVs of units may go up or down based on the performance of fund and factors

influencing the capital market and the customers have to consider this aspect while

taking any decision.

• SUD Life shall not be responsible for any losses caused or any claims that arise due to

investments made based on this document.

• Customers are advised to note that the details are based on past performance and

are not indicative of its future prospects or returns.

• All efforts have been made to ensure accuracy of the contents of this document,

however, SUD Life shall not be held responsible for any errors or omissions.

Disclaimers related to Benchmark Indices

CRISIL Composite Bond Index and CRISIL Liquid Fund Index

CRISIL has taken due care and caution in compilation of data. Information has been obtained by CRISIL

from sources it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or

completeness of the information and is not responsible for any errors or omissions or for the results

obtained from the use of such information. CRISIL is not responsible for any errors in data

reproduction. CRISIL especially states that it has no financial liability whatsoever to the subscribers/

users/ transmitters/ distributors of this bulletin.

S&P CNX NIFTY

“The Individual Life, Pension Life, Individual Apex Life and Pension Apex Life funds related to Equity, Balanced and Growth schemes; and also Individual Life Express Balanced Fund, offered by SUD Life Insurance Co. Ltd are not sponsored, endorsed, sold or promoted by India Index Services & Products Limited ("IISL") or S&P and its affiliates.

“S&P®” and “Standard and Poor’s®” are trademarks of Standard & Poor’s Financial Services LLC, and have been licensed for use by India Index Services & Products Limited in connection with the S&P CNX Nifty Index.

Neither IISL nor S&P and its affiliates makes any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) to the owners of aforesaid schemes or any member of the public regarding the advisability of investing in securities generally or in aforesaid schemes linked to S&P CNX Nifty Index or particularly in the ability of the said Index to track general stock market performance in India”.

InveSTAR - sudlife.in Fact Sheet January 2012.… · In January’2012, unemployment rate dropped...

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Transcript of InveSTAR - sudlife.in Fact Sheet January 2012.… · In January’2012, unemployment rate dropped...