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Invest Wisely To Make Your Dreams Come True: July, 2010
Invest Wisely To Make Your Dreams Come True: July, 2010
July, 2010
(As on June 30, 2010)
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ULIP Funds
Pension Funds
Performance Summary
Glossary of Terms
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ULIP Funds Pension Funds InvestShield Funds
Performance Summary
As on June 30, 2010
18,000 5,500 7%
Preserver 8.75% 8.04% 7.49% 6.12% 6.20% 5.85% 4.98 1.33 17-May-04 17,500 5,000
6%
Protector* 8.80% 7.25% 7.11% 6.95% 5.63% 5.93% 0.50 0.12 15-Nov-01 17,000 4,500
16,500 4,000 5%
Balancer* 10.61% 13.02% 14.20% 8.59% 11.61% 11.93% 0.76 0.60 15-Nov-01 16,000 3,500 4%
10-Jun
11-Jun
14-Jun
15-Jun
16-Jun
17-Jun
18-Jun
21-Jun
22-Jun
23-Jun
24-Jun
25-Jun
28-Jun
29-Jun
30-Jun
6m 1y 2y 3y 4y 5y 6y 10y 30y
1-Jun
2-Jun
3-Jun
4-Jun
7-Jun
8-Jun
9-Jun
Maximiser 10.15% 20.47% 24.52% 7.47% 19.95% 21.34% 0.73 0.65 15-Nov-01 Maturity
Balancer
As on June 30, 2010
DEBT 58.63%
ANNUALIZED RETURNS OTHER CURRENT ASSETS AND EQUIVALENT 3.16%
16.00%
TOTAL 100.00%
14.00% Allocation as a
Top 5 Sectors In Equity
% in Equity
12.00% OIL & GAS 17.28%
10.00% BANKING 16.44%
Risk TECHNOLOGY 10.27%
8.00% CAPITAL GOODS 9.24%
APPLICABLE PRODUCTS 6.00% FINANCE 8.93%
Protector
As on June 30, 2010
13.00
ASSET ALLOCATION
Indicative Portfolio Allocation Max (%) Min (%) 12.00
Equity & equity related securities 0 0
11.00
Debt, Money Market & Cash 100 100 Apr-02 Aug-03 Jan-05 May-06 Sep-07 Feb-09 Jun-10
Maximiser
As on June 30, 2010
EQUITY 98.52%
DEBT AND OTHER CURRENT ASSETS &
ANNUALIZED RETURNS EQUIVALENT 1.48%
TOTAL 100.00%
30.00%
Allocation as a
Sector Allocation % in Equity
25.00%
BANKING 17.77%
Risk OIL & GAS 16.06%
20.00%
CAPITAL GOODS 10.25%
APPLICABLE PRODUCTS TECHNOLOGY 10.00%
15.00% AUTO 8.83%
Product Maximiser METALS & MINERALS 8.46%
LifeStage Regular Premium IV 10.00% CONSUMER 7.92%
LifeTime Plus II FINANCE 5.43%
LifeTime Super I 5.00% CEMENT 3.43%
LifeTime II I TELECOM 2.87%
LifeTime I 0.00% PHARMA & HEALTHCARE 2.57%
PremierLife Gold II EPC 1.81%
PremierLife II 3 Year 5 Year Since inception
REAL ESTATE 1.76%
LifeLink Super III Maximiser Benchmark RETAIL 1.63%
LifeLink II II OTHERS 0.91%
LifeLink I NAV GROWTH INFRASTRUCTURE 0.27%
SmartKid New Unit Linked Regular Premium II
MEDIA 0.04%
SmartKid Unit Linked Regular Premium Plan II I 72.00
SmartKid Unit Linked Regular Premium Plan I Allocation as a
Top 20 Equity stocks
SmartKid New Unit Linked Single Premium II 64.00 % in Equity
SmartKid Single Premium II I RELIANCE INDUSTRIES LTD. 9.28%
SmartKid Single Premium I 56.00 H D F C BANK LTD. 9.22%
Golden Years II BHARAT HEAVY ELECTRICALS LTD. 8.64%
48.00 INFOSYS TECHNOLOGIES LTD. 6.80%
AXIS BANK LTD. 5.55%
40.00
MAHINDRA & MAHINDRA LTD. 5.18%
32.00
I T C LTD. 4.79%
DATE OF INCEPTION: Nov 16, 2001 OIL & NATURAL GAS CORPN. LTD. 4.43%
24.00 STERLITE INDUSTRIES (INDIA) LTD. 4.41%
ASSET ALLOCATION BHARTI AIRTEL LTD. 2.87%
Indicative Portfolio Allocation Max (%) 16.00 JINDAL STEEL & POWER LTD. 2.78%
Min (%)
Equity & equity related securities 100 75 DABUR INDIA LTD. 2.69%
8.00 TATA CONSULTANCY SERVICES LTD. 2.63%
Debt, Money Market & Cash 25 0 Nov-01 Apr-03 Oct-04 Mar-06 Aug-07 Jan-09 Jun-10 LUPIN LTD. 2.57%
SHRIRAM TRANSPORT FINANCE CO. LTD. 2.36%
BENCHMARK Maximiser Benchmark HERO HONDA MOTORS LTD. 2.09%
BSE 100 A C C LTD. 1.94%
BAJAJ HOLDINGS & INVST. LTD. 1.69%
PANTALOON RETAIL (INDIA) LTD. 1.63%
RURAL ELECTRIFICATION CORPN. LTD. 1.38%
Preserver
As on June 30, 2010
11.50
ASSET ALLOCATION 11.00
Indicative Portfolio Allocation Max (%) Min (%) 10.50
Equity & equity related securities 0 0
10.00
Debt instruments 50 0 Aug-04 Jul-05 Jul-06 Jul-07 Jul-08 Jul-09 Jun-10
Money Market & Cash 100 50
Preserver Benchmark
BENCHMARK
CRISIL Liquid Index
Multiplier
As on June 30, 2010
EQUITY 97.89%
DEBT AND OTHER CURRENT ASSETS & EQUIVALENT 2.11%
ANNUALIZED RETURNS TOTAL 100.00%
30.00% Allocation as a
Sector Allocation % in Equity
25.00% OIL & GAS 18.23%
BANKING 16.23%
20.00%
Risk TECHNOLOGY 12.64%
15.00% CAPITAL GOODS 9.26%
METALS & MINERALS 7.27%
APPLICABLE PRODUCTS
10.00% CONSUMER 7.20%
Product Multiplier FINANCE 6.85%
LifeStage Regular Premium IV 5.00% AUTO 6.84%
LifeStage Assure IV INFRASTRUCTURE 2.68%
LifeTime Plus II 0.00% EPC 2.64%
LifeTime Gold I TELECOM 2.52%
LifeTime Super I -5.00%
1 Year Since inception CEMENT 2.35%
LifeTime II I PHARMA & HEALTHCARE 2.22%
LifeTime I OTHERS 1.51%
Multiplier Benchmark
PremierLife Gold II MEDIA 1.49%
PremierLife II REAL ESTATE 0.06%
Wealth Advantage II NAV GROWTH
LifeLink Super III
LifeLink II II 12.00 Allocation as a
Top 20 Equity Stocks
LifeLink I % in Equity
SmartKid New Unit Linked Regular Premium II 11.00
INFOSYS TECHNOLOGIES LTD. 8.33%
SmartKid Unit Linked Regular Premium Plan II II H D F C BANK LTD. 8.13%
10.00
SmartKid Unit Linked Regular Premium Plan II RELIANCE INDUSTRIES LTD. 8.10%
SmartKid New Unit Linked Single Premium II 9.00 BHARAT HEAVY ELECTRICALS LTD. 7.45%
SmartKid Single Premium II II I T C LTD. 6.37%
SmartKid Single Premium I 8.00
AXIS BANK LTD. 5.62%
Golden Years II
7.00 OIL & NATURAL GAS CORPN. LTD. 5.45%
STERLITE INDUSTRIES (INDIA) LTD. 3.89%
DATE OF INCEPTION: Nov 26, 2007 6.00 TATA CONSULTANCY SERVICES LTD. 3.30%
HOUSING DEVELOPMENT FINANCE CORPN. LTD. 3.24%
5.00
ASSET ALLOCATION MAHINDRA & MAHINDRA LTD. 2.94%
Indicative Portfolio Allocation Max (%) Min (%) 4.00 BHARTI AIRTEL LTD. 2.32%
Equity & equity related securities 100 80 Nov-07 Jul-08 Mar-09 Nov-09 Jun-10 LARSEN & TOUBRO LTD. 1.91%
Debt, Money Market & Cash 20 0 A B B LTD. 1.74%
Multiplier Benchmark
HERO HONDA MOTORS LTD. 1.70%
JINDAL STEEL & POWER LTD. 1.66%
BENCHMARK
MARUTI SUZUKI INDIA LTD. 1.62%
S&P CNX Nifty SHRIRAM TRANSPORT FINANCE CO. LTD. 1.52%
GAIL (INDIA) LTD. 1.46%
JAGRAN PRAKASHAN LTD 1.45%
RICH
As on June 30, 2010
Flexi Balanced
As on June 30, 2010
DEBT 42.10%
ANNUALIZED RETURNS OTHER CURRENT ASSETS AND EQUIVALENT 5.47%
TOTAL 100.00%
20.00%
Allocation as a
Top 5 SectorsIn Equity
% in Equity
15.00%
OIL & GAS 18.62%
BANKING 13.64%
Risk OTHERS 10.14%
10.00% CAPITAL GOODS 8.43%
APPLICABLE PRODUCTS INFRASTRUCTURE 7.90%
Product Flexi Balanced 5.00% Allocation as a
LifeStage Regular Premium IV Top 10 Equity Stocks
% in Equity
LifeStage Assure IV
LifeTime Plus II OIL & NATURAL GAS CORPN. LTD. 8.90%
0.00% H D F C BANK LTD. 6.88%
LifeTime Gold I
1 Year 3 Year Since inception RELIANCE INDUSTRIES LTD. 6.10%
LifeTime Super I
LifeTime II I MARUTI SUZUKI INDIA LTD. 4.35%
LifeTime I Flexi Balanced Benchmark AXIS BANK LTD. 3.76%
PremierLife Gold II GUJARAT STATE PETRONET LTD. 3.75%
PremierLife II N T P C LTD. 3.66%
Wealth Advantage II NAV GROWTH LUPIN LTD. 3.49%
LifeLink Super III 15.00 TATA CONSULTANCY SERVICES LTD. 3.19%
LifeLink II II 14.50 I T C LTD. 2.92%
LifeLink I
14.00
SmartKid New Unit Linked Regular Premium II
13.50 Debt Asset Allocation Allocation in Fund
SmartKid Unit Linked Regular Premium Plan II I
SmartKid Unit Linked Regular Premium Plan I 13.00 GOVERNMENT SECURITIES/ T BILLS 8.20%
SmartKid New Unit Linked Single Premium II 12.50 CORPORATE SECURITIES 18.43%
SmartKid Single Premium II II 12.00 AAA AND EQUIVALENT 15.42%
SmartKid Single Premium I 11.50 AA+ AND EQUIVALENT 2.05%
Golden Years II 11.00
AA EQUIVALENT AND BELOW 0.96%
10.50
CORPORATE MONEY MARKET SECURITIES 12.63%
DATE OF INCEPTION: Mar 20, 2007 COMMERCIAL PAPER (P1+ AND
10.00
EQUIVALENT) 12.63%
9.50
ASSET ALLOCATION CERTIFICATE OF DEPOSIT (P1+ AND
9.00
EQUIVALENT) 0.00%
Indicative Portfolio Allocation Max (%) Min (%) 8.50 FIXED DEPOSITS WITH BANKS 2.84%
Equity & equity related securities 60 0 8.00
Debt, Money Market & Cash 100 40 Mar-07 Jan-08 Nov-08 Sep-09 Jun-10
Average Maturity of Debt Portfolio (Months) 46.06
Flexi Balanced Benchmark Average Maturity of Debt Benchmark (Months) 39.2
BENCHMARK
55% CNX 500 & 45% CRISIL Composite Bond Index Yield to Maturity of Debt Portfolio 7.09%
Flexi Growth
As on June 30, 2010
Pension Balancer
As on June 30, 2010
14.00% Allocation as a
Top 5 Sectors in Equity
% in Equity
12.00%
OIL & GAS 15.71%
10.00% BANKING 14.99%
Risk TECHNOLOGY 11.62%
8.00% FINANCE 9.65%
CONSUMER 8.03%
APPLICABLE PRODUCTS 6.00%
Product Pension Balancer 4.00% Allocation as a
LifeStage Pension I Top 10 Equity Stocks
% in Equity
LifeTime Super Pension II 2.00%
RELIANCE INDUSTRIES LTD. 9.27%
LifeTime Pension II II
0.00% INFOSYS TECHNOLOGIES LTD. 9.01%
LifeTime Pension I
3 Year 5 Year Since inception H D F C BANK LTD. 7.75%
PremierLife Pension II
LARSEN & TOUBRO LTD. 5.53%
LifeLink Super Pension II
Pension Balancer Benchmark OIL & NATURAL GAS CORPN. LTD. 4.87%
LifeLink Pension II II
LifeLink Pension I NAV GROWTH I T C LTD. 4.75%
HOUSING DEVELOPMENT FINANCE CORPN. LTD. 4.37%
32 ALLAHABAD BANK 4.00%
DATE OF INCEPTION: May 30, 2002 30 BHARAT HEAVY ELECTRICALS LTD. 3.93%
LUPIN LTD. 3.37%
28
ASSET ALLOCATION
26
Indicative Portfolio Allocation Max (%) Min (%) Debt Asset Allocation Allocation in Fund
Equity & equity related securities 40 0 24
GOVERNMENT SECURITIES/ T BILLS 11.84%
Debt, Money Market & Cash 100 60 22 CORPORATE SECURITIES 33.21%
20
AAA AND EQUIVALENT 28.25%
BENCHMARK AA+ AND EQUIVALENT 3.22%
18 AA EQUIVALENT AND BELOW 1.73%
35% BSE 100 & 65% CRISIL Composite Bond Index
16 CORPORATE MONEY MARKET SECURITIES 6.68%
COMMERCIAL PAPER (P1+ AND
14
EQUIVALENT) 6.68%
12 CERTIFICATE OF DEPOSIT (P1+ AND
10 EQUIVALENT) 0.00%
FIXED DEPOSITS WITH BANKS 4.52%
8
May-02 Sep-03 Feb-05 Jun-06 Oct-07 Feb-09 Jun-10
Average Maturity of Debt Portfolio (Months) 53.08
Pension Balancer Benchmark Average Maturity of Debt Benchmark (Months) 39.2
Yield to Maturity of Debt Portfolio 7.32%
Pension Protector
As on June 30, 2010
ANNUALIZED RETURNS
AA+ AND EQUIVALENT 6.48%
10.00% AA EQUIVALENT AND BELOW 2.72%
CORPORATE MONEY MARKET
SECURITIES 17.09%
8.00% COMMERCIAL PAPER (P1+ AND
EQUIVALENT) 17.09%
6.00% CERTIFICATE OF DEPOSIT (P1+
Risk AND EQUIVALENT) 0.00%
FIXED DEPOSITS WITH BANKS 7.86%
4.00% OTHER CURRENT ASSETS AND
APPLICABLE PRODUCTS
EQUIVALENT 4.74%
Product Pension Protector TOTAL 100.00%
LifeStage Pension I 2.00%
LifeTime Super Pension II Allocation in
LifeTime Pension II II
Portfolio by Maturity
0.00% Fund
LifeTime Pension I < 1 year 31.49%
PremierLife Pension II 3 Year 5 Year Since inception
1-5 years 42.88%
LifeLink Super Pension II
Pension Protector Benchmark 5-7 years 1.37%
LifeLink Pension II II
7-10 years 11.43%
LifeLink Pension I
> 10 years 12.83%
NAV GROWTH
TOTAL 100.00%
DATE OF INCEPTION: May 31, 2002 18.50
18.00 Average Maturity of Debt Portfolio (Months) 50.31
ASSET ALLOCATION 17.50 Average Maturity of Debt Benchmark (Months) 39.2
17.00
Indicative Portfolio Allocation Max (%) Min (%)
Yield to Maturity of Debt Portfolio 7.25%
16.50
Equity & equity related securities 0 0 16.00
Debt, Money Market & Cash 100 100 15.50
15.00 *** Last Declared NAV (June 30, 2010)
14.50
BENCHMARK 14.00
CRISIL Composite Bond Index 13.50
13.00
12.50
12.00
11.50
11.00
10.50
10.00
May-02 Sep-03 Feb-05 Jun-06 Oct-07 Feb-09 Jun-10
Pension Maximiser
As on June 30, 2010
Pension Preserver
As on June 30, 2010
12.50
BENCHMARK
CRISIL Liquid Index 12.00
11.50
11.00
10.50
10.00
May-04 Nov-05 Jun-07 Dec-08 Jun-10
Pension Multiplier
As on June 30, 2010
Pension RICH
As on June 30, 2010
Allocation as a
Top 5 Sectors in Equity
% in Equity
15.00%
OIL & GAS 16.16%
OTHERS 11.58%
Risk CAPITAL GOODS 11.17%
10.00% BANKING 11.13%
APPLICABLE PRODUCTS INFRASTRUCTURE 8.55%
Product Pension Flexi Balanced
LifeStage Pension I 5.00% Allocation as a
Top 10 Equity Stocks
LifeTime Super Pension II % in Equity
LifeTime Pension II II BHARAT HEAVY ELECTRICALS LTD. 7.29%
LifeTime Pension I 0.00% OIL & NATURAL GAS CORPN. LTD. 7.04%
PremierLife Pension II 1 Year 3 Year Since inception RELIANCE INDUSTRIES LTD. 6.17%
LifeLink Super Pension II H D F C BANK LTD. 5.09%
LifeLink Pension II II Pension Flexi Balanced Benchmark RALLIS INDIA LTD. 4.56%
LifeLink Pension I N T P C LTD. 3.88%
AXIS BANK LTD. 3.79%
NAV GROWTH LUPIN LTD. 3.12%
DATE OF INCEPTION: Mar 20, 2007 TATA CONSULTANCY SERVICES LTD. 2.86%
15.00
TATA POWER CO. LTD. 2.65%
ASSET ALLOCATION 14.50
Indicative Portfolio Allocation Max (%) Min (%) 14.00
Debt Asset Allocation Allocation in Fund
Equity & equity related securities 60 0 13.50
GOVERNMENT SECURITIES/ T BILLS 7.97%
Debt, Money Market & Cash 100 40 13.00
CORPORATE SECURITIES 14.81%
12.50 AAA AND EQUIVALENT 12.30%
BENCHMARK 12.00 AA+ AND EQUIVALENT 2.02%
55% CNX 500 & 45% CRISIL Composite Bond Index 11.50 AA EQUIVALENT AND BELOW 0.50%
11.00
CORPORATE MONEY MARKET SECURITIES 10.30%
COMMERCIAL PAPER (P1+ AND
10.50
EQUIVALENT) 10.30%
10.00 CERTIFICATE OF DEPOSIT (P1+
9.50 AND EQUIVALENT) 0.00%
9.00 FIXED DEPOSITS WITH BANKS 7.56%
8.50
8.00 Average Maturity of Debt Portfolio (Months) 45.09
Mar-07 Jan-08 Nov-08 Sep-09 Jun-10 Average Maturity of Benchmark (Months) 7.19
Pension Flexi Balanced Benchmark Yield to Maturity of Debt Portfolio 7.19%
InvestShield Cash
As on June 30, 2010
12.00
11.00
10.00
Jan-05 Feb-06 Mar-07 Apr-08 May-09 Jun-10
InvestShield Cash Benchmark
InvestShield Life
As on June 30, 2010
TOTAL 100.00%
14.00%
Allocation as a
Top 5 Sectors in Equity
12.00% % in Equity
BANKING 16.36%
10.00%
OIL & GAS 14.71%
8.00%
TECHNOLOGY 10.59%
CAPITAL GOODS 10.22%
Risk FINANCE 9.63%
6.00%
InvestShield Pension
As on June 30, 2010
TOTAL 100.00%
14.00%
Allocation as a
12.00% Top 5 Sectors in Equity
% in Equity
10.00%
BANKING 17.80%
OIL & GAS 16.94%
8.00% CAPITAL GOODS 12.87%
FINANCE 8.76%
Risk 6.00% TECHNOLOGY 7.66%
New InvestShield
As on June 30, 2010
TOTAL 100.00%
18.00%
Allocation as a
16.00% Top 5 Sectors in Equity
% in Equity
14.00%
OIL & GAS 18.14%
12.00% BANKING 13.95%
CAPITAL GOODS 11.33%
10.00%
TECHNOLOGY 9.92%
Risk 8.00% CONSUMER 7.83%
APPLICABLE PRODUCTS 6.00%
Allocation as a
4.00% Top 10 Equity Stocks
Product New InvestShield % in Equity
InvestShield Life New 2.00% RELIANCE INDUSTRIES LTD. 9.09%
INFOSYS TECHNOLOGIES LTD. 7.30%
0.00%
H D F C BANK LTD. 6.95%
1 Year 3 Year Since inception
DATE OF INCEPTION: Aug 21, 2006 LARSEN & TOUBRO LTD. 5.56%
New InvestShield Benchmark BHARAT HEAVY ELECTRICALS LTD. 4.82%
ASSET ALLOCATION AXIS BANK LTD. 4.65%
OIL & NATURAL GAS CORPN. LTD. 4.44%
Indicative Portfolio Allocation Max (%) Min (%) NAV GROWTH I T C LTD. 4.32%
Equity & equity related securities 40 0
CUMMINS INDIA LTD. 3.09%
Debt, Money Market & Cash 100 60 16.00
HOUSING DEVELOPMENT FINANCE CORPN. LTD. 2.98%
15.50
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Balancer IV IV II I I I I II II II III II I II II I II I I II
Protector IV IV II I I I I II II II III II I II II I II I I II
Maximiser IV II I I I II II III II I II II I II I I II
Preserver IV IV I I I I I II I I III I I I I I I I I I
Multipiler IV IV II I I I I II II II III II I II II II II II I II
RICH IV IV II I I I I II II II III II I II II I II I I II
Flexi Balanced IV IV II I I I I II II II III II I II II I II II I II
Flexi Growth IV IV II I I I I II II II III II I II II I II II I II
Pension Balancer I II II I II II II I II II
Pension Protector I II II I II II II I II II
Pension Maximiser I II II I II II II I
Pension Preserver I I I I I I I I I I
Pension Multiplier I II II I II II II I II II
Pension RICH I II II I II II II I II II
Pension Flexi Balanced I II II I II II II I II II
Pension Flexi Growth I II II I II II II I II II
InvestShield Life - New
InvestShield Life
InvestShield Cash
InvestShield Pension
I, II, III, IV refer to the fund series of the respective fund applicable to the product
ULIP Funds Pension Funds InvestShield Funds
• With volatility expected to continue in the near future, ATS may be used for any new • We are one of the market leaders in the Indian private life insurance space
investments.
• We currently have over Rs. 59,000 cr (as on June 30, 2010) in assets under management.
• For existing investments, determine your risk profile and optimal asset allocation if not
already done so. Determine the current asset allocation of your overall investment • We are capitalized at Rs. 4,780 cr (as on June 30,2010) making us one of India's highest
portfolio. Make suitable adjustment to your portfolio to bring it in line with your capitalized companies across sectors
optimal asset allocation. You can use Switch or ATS facilities to easily adjust your
asset allocation.
Investment Team
The 5 Mantras of
Financial Freedom Goal Based Investing
How we go about
Managing your Money
The cornerstone of our investment philosophy is the investment policy put in place by our board's investment committee keeping in mind policyholders' long-term interests and regulatory
norms. Following are some of the salient features of our investment philosophy as detailed in this charter:
Glossary of Terms
As on June 30, 2010
Fund: This is a collective pool of money created from the period. Generally when reporting for a period longer Equity: Equity investment means holding shares of
individual investments such that each individual shares risks than 1 year, the return is annualized (generally using the companies, meaning that the investor is taking part
and rewards in the proportion of their contribution. Since a CAGR method) for the purpose of comparison. For example ownership of a company rather that lending to the
fund is managed as a single investment vehicle, all the if in the last 1 year, the NAV of a fund has increased from Rs. company. As a part owner of a business, the shareholder
investors will face the same risks and rewards. A 20 to Rs. 25, then absolute return (and in this case the shares all the risks and rewards of the business. Several
professional fund manager invests the fund according to annualized return as well) is (25-20)÷20=25%. If over the factors lead to appreciation in equity investments - all of
the objective of the fund defined in the offer document or last 2 years, the NAV has grown from Rs. 15 to Rs. 30 then which in some way relate to current and future prospects of
policy document. In case of a policyholder who pays the absolute return in 2 years is (30-15)÷15=100%; the business of the company, also called fundamentals.
premium, a predetermined part of this is used to pay for life however the annualized return, or compound annual Because of the variable nature of these factors, equity
cover and other expenses. The remaining part of the growth rate is 41.4% per annum. investments are more risky than debt investments, but have
premium is the investment which is put in the various funds historically shown signifantly better returns in the long-run
(such as Maximiser and Balancer) as per the investor’s Benchmark: Every investment has to have a yardstick to (investment horizon greater than 5 years).
instructions. The investor is free to change the allocation of evaluate whether it has met the objective of investment. A
investments at any time during the term of the policy. benchmark is a standard against which the performance of Sharpe Ratio: This is a popular measure of risk adjusted
a fund can be compared. The benchmark for each fund is returns. This is an important measure because it is
NAV: Net Asset Value of a fund on a given day is the total predetermined based on the investment objective and inaccurate to compare the returns of funds that have
closing value of the securities held in the portfolio of the target asset allocation of the fund. At a macro level, a different risk profiles or objectives. For instance, fund A may
fund divided by the number of units outstanding. When a benchmark captures the average returns of all funds which perform better than fund B but this may be because it is
person invests a sum (say Rs. 10000) in a fund on a certain have the same objective and funds that perform better than investing in small cap companies that are more risky. Sharpe
day when the NAV was Rs. 20 per unit he is assigned the benchmark can be said to be better than the average. ratio helps to compare the returns of funds taking into
10000÷20=500 units. On any given day, the investor can Benchmarks can be either those that are readily available in account the riskiness of returns, and is defined as reward of
find the value of his investment in the fund by multiplying the market or synthetically created. For example, Maximiser- investing in a risky asset per unit risk taken. More accurately,
the units he holds by the NAV of the day. So if the NAV of the a pure equity fund uses an equity benchmark the BSE 100, it is measured as:
fund has become Rs. 30 per unit, the investor can calculate where as Balancer- a fund that invests 35% in equity and
the value of his holdings as 500x30=Rs. 15000. The NAV 65% in debt uses a synthetic benchmark Sharpe Ratio = Annualized Excess Return
changes with changes in value of investments in the fund. consisting of 35% BSE 100 and 65% CRISIL composite Annualized Std Deviation of Excess Returns
bond index.
Risk: Concept of risk of an investment essentially captures Excess Return is the difference between the fund return and
the possibility of loss in that investment. Risk, in terms of Debt: Debt or fixed income as an asset class refers to the risk free rate of return. Standard Deviation is a common
portfolio management, is defined as variability of the investment in securities that have well defined pay offs, and measure of risk. So a higher Sharpe Ratio means a fund has
returns of a fund or more correctly expected variability. So if mostly pf a fixed nature or a fixed rate of return for a fixed given superior returns (over an asset that has no risk such as
fund A and fund B both given 10% annualized returns, period. Because of the fixed nature of returns debts as an a government security) for every unit of risk.
however fund A gives this same 10% consistently every year asset class is less risky than equity. All securities where the
but fund B gives 3% in one year, 12% in another year and borrower is the government are classified as government ATS: Automatic Transfer Strategy helps to mitigate any risk
so on but still averages 10% per annum in the long run, securities or gifts and have a negligible level of risk of arising from market volatility by ensuring that you buy more
then fund B is said to be more risky than fund A. Risk is default, i.e., Non-payment. Other borrowers have varying units at lesser prices and fewer units when prices are high.
generally measured as standard deviation or variance of levels of risk of default, determined by a neutral third party Under ATS you can invest your entire premium in our money
returns. For similar levels of returns a rational investor will such as CRISIL or Moody by looking at the financial strength market funds (which are more conservative funds) and at
always choose the least risky asset. of the borrower and being described in the rating of the predefined regular monthly intervals, i.e. 1st or 15th of
security where AAA is the safest followed by AA+,AA and every month, a fixed amount chosen by you is transferred to
Returns: Return is the reward one has got for taking risk so on. Among debt securities there are various types of any one of the chosen equity based fund options available
and giving time. Absolute rate of return (or simply return) in instruments viz., money market instruments, Certificate of under the plan. This facility is available for customers opting
a period is the ratio of increase (or decrease) in the NAV of Deposits, Fixed Deposits, Corporate bonds, Gifts, Loans, for Fixed Portfolio Strategy and is FREE of charge.
the fund at the end of the period over the NAV at the start of etc., which have different maturity, risk and reward profiles.
ULIP Funds Pension Funds InvestShield Funds
Contact Us
Visit our website: Exclusive SMS Helpline: Email us at: Call toll-free on:
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IN THIS POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICY HOLDER. This document is for information purposes only. It does not constitute any
recommendation to any person to enter into any transaction or adopt any investment strategy, nor does it constitute any prediction of likely future movements in NAVs. All opinions given here
are general in nature and clients should take into account their personal investment objectives, risk appetite and other aspects of their financial situation before making an investment decision.
Please invest or make any decision regarding your financial activities only after consulting your financial advisor. ICICI Prudential shall not be responsible for any losses caused or any claims that
arise due to investments made based on this newsletter. All fund performances published in this newsletter are based on past performance and do not imply that future performance will be
similar. Please note that the funds are invested in capital markets and are hence exposed to the market risks inherent in such investments. While every effort has been made to ensure accuracy of
the contents of this newsletter the Company cannot be held responsible for any errors, opinions or projections published herein. © 2009, ICICI Prudential Life Insurance Company Ltd. Registered
Office: ICICI Prulife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025. Reg. No. 105, Insurance is the subject matter of the solicitation. Unlike traditional products, Unit
linked insurance products are subject to market risk, which affect the Net Asset Values and the customer shall be responsible for his/her decision. The name of the Company, or names of the
product or fund options do not indicate their quality or future guidance on returns. Funds do not offer guaranteed or assured returns. Investments are subject to market risk. Past performance
may not be guide to future performance, which may be different. Comp/doc/2009/VR1
UIN Nos. LifeStage Regular Premium - 105L073V01, LifeStage Assure - 105L083V01, Life Time plus - 105L054V01, LifeTime Gold - 105L077V01, LifeTime Super - 105L056V01,
LifeTime II - 105L031V01, LifeTime - 105L013V01, Premier Life Gold - 105L061V01, Premier Life - 105L037V01, Wealth Advantage - 105L085V01, LifeLink Super - 105L053V01,
LifeLink II - 105L033V01, LifeLink - 105L012V01, SmartKid New Unitlinked Regular Premium - 105L058V01, SmartKid Unitlinked Regular Premium Plan II - 105L036V01,
SmartKid Unitlinked Regular Premium Plan - 105L028V01, SmartKid New UnitLinked Single Premium - 105L059V01, SmartKid Single Premium II - 105L035V01,
SmartKid Single Premium - 105L029V01, Golden Years - 105L047V01, LifeStage Pension - 105L075V01, LifeTime Super Pension - 105L055V01, LifeTime Pension II - 105L032V01,
LifeTime Pension - 105L015V01, Premierlife Pension - 105L074V01, LifeLink Super Pension - 105L057V01, LifeLink Pension II - 105L034V01, LifeLink Pension - 105L016V01,
Elite Pension - 105L094V01, LifeStage Assure Pension - 105L092V01, InvestShield Life New - 105L063V01, InvestShield Life - 105L042V01, InvestShield Cash - 105L041V01,
InvestShield Pension - 105L043V01
For more details please contact your financial advisors or log on to our website www.iciciprulife.com or email us at lifeline@iciciprulife.com