TATA AIA Annual Report March 2020

Annual Investment Report
March, 2020
Annual Investment Report 2019-2020
The Annual Investment Report for 2019-2020 has a section on the Fixed Income and Equity Market Outlook as of March 2020, investment strategy going forward and
highlights the key risks to be understood while investing in the equity and fixed income markets.
The Annual Investment Report gives details of fund’s Portfolio, Sectoral exposure, Asset allocation, Rating Profile, Maturity profile, Duration as well as Performance
(Returns) of the funds against the relevant benchmarks across various time horizons.
Fixed Income Market

Debt market in the month of March 2020 saw the benchmark 10-year Government security (G-sec) close the month at 6.14%, easing by 23 bps. The 30 year G-sec
closed the month at 6.75%, easing by 6 bps. On the corporate bond side, the 10-year AAA corporate bond closed the month at around 7.13%, easing by 7 bps over
the month.
The fixed income market in the month of March saw an easing of yields on the back of an outsized repo rate cut as well as extraordinary liquidity measures from the
RBI as a response to the coronavirus pandemic. Moreover, a synchronized fall in global yields on central bank action offered a constructive backdrop for the Indian
fixed income market. However, the FPIs were net sellers in the Indian fixed income space over the month.
The MPC of the RBI advanced its first Bi-monthly monetary policy review meeting for FY 2021 and reduced the repo rate by an outsized 75 bps to 4.4%. It also widened
the policy corridor to 65 bps as the reverse repo rate was reduced by 90 bps to 4%. The RBI also undertook measures to infuse additional liquidity in the system. The
RBI introduced the Targeted LTRO (TLTRO) auctions of up to three-year tenor for a total amount of `1 tn which would need to be deployed in CPs, investment-grade
corporate bonds and NCDs. This was a key measure which helped support the corporate bond market by providing more sources of liquidity specifically directed at
this segment. Additionally, the RBI reduced the CRR by 100 bps to 3% for one year to infuse liquidity worth `1.37 tn and reduced the requirement of minimum daily
CRR balance maintenance from 90% to 80% till June 26th, 2020. The RBI raised the MSF to 3% from 2% which will remain applicable until June 30th, 2020. The RBI’s
liquidity measures would inject around `3.74 tn of liquidity with around `1.37 tn each through CRR and MSF relaxations and Rs1 tn of TLTROs.
Meanwhile, the government has meaningfully reduced interest rates on small saving schemes following the large policy rate cuts by the RBI. While a reduction in
small savings schemes would not prompt a shift of retail investors immediately to banks, such cuts enable a level-playing field for the banking sector to accelerate the
overall transmission of repo rate cuts in the system.
The RBI announced the government borrowing programme for H1 FY21 to the tune of Rs.4.88 tn, with the issuances front-ended, as 62.6% of full year issuance
would be conducted in the first half. There were market expectations that the issuance in the month of April would be kept light given the lockdown but the government
borrowing has been scheduled in the usual way in April. Net borrowings in the first half FY21 is placed at around `3.50 tn. In a change from last year the number of
Government securities issued will be reduced to 7 with maturities ranging from 2 years to 40 years of which 3 will be eligible for the ‘Fully Accessible Route’ (FAR)
for investment by foreign investors, under which no restrictions will be placed. The FAR securities are part of the steps announced in the Union Budget for inclusion
in global bond indices. The share of longer dated securities is at around 29% for 30-year and 40-year maturities, while around 46% of total issuances will be in the
liquid 5 year and 10-year maturity segments.
A section of the fixed income market expects FY 2021 to be a challenging year for government finances on account of a possibility of lower tax revenue generation
and lower non-debt capital receipts due to the weak market conditions. Moreover, the fund requirements of both the Centre and the States is likely to be higher in
FY21 as the government may look at stimulating demand after the lock-down period without compromising on any other expenditure. The government has taken the
first step towards addressing this by announcing higher T-bill issuance for Q1FY21 and a higher WMA limit for H1FY21. Moreover, the Debt ETF, expected to be rolled
out in H2FY21, is likely to enhance demand for Government securities.
There would still be some lingering market concerns on the G-sec demand given the weak global risk conditions and consequently lower levels of FPI demand. In an
effort to bridge the funding gap and cushion yields there is a growing expectation of large scale OMO purchases by RBI or maybe even private placements of G-secs
with the RBI.
We remain constructive on the Indian fixed income space on the back of expectation of continued monetary policy action as well as the sustained efforts of the RBI
to improve liquidity and support the weak domestic demand conditions.
Equity Market
The month of March 2020 saw the benchmark indices S&P BSE Sensex and Nifty 50 shed around 23%. The Mid-cap index, Nifty Mid-cap100 shed around 30%
during the same period.
In the month of March, Indian equities participated in a global sell off on the back of the intensification of the coronavirus situation into a global pandemic which has
resulted in a lockdown of a large part of the world economy in an effort to contain the spread of the virus. Global central banks reacted to the ongoing pandemic by
effecting outsized rate cuts and infusing ample liquidity even as many governments unveiled large fiscal stimulus packages to protect the vulnerable sections of the
society as well as support economic activity. The RBI, on its part, slashed the repo rate by 75 bps to 4.4% and committed to maintaining adequate liquidity in the
economy. FIIs were net sellers in Indian equities to the tune of around US$7.9 bn in the month of March while DIIs were net buyers of around US$7.5 bn in the same
period.
The Government of India unveiled a Rs1.7 tn fiscal stimulus package focused on providing food security, direct cash transfers to vulnerable sections of the society,
employment support through payment of the PF contribution for three months for low-wage workers in smaller firms, transfers to construction workers, and enhanced
credit support to low-income households through women self-help groups.
The RBI, on its part noted the broad based impact of the coronavirus pandemic on the Indian economy, the extent depending on the intensity, spread and duration
of the pandemic. They expected many sectors to be at risk of not able to meet their obligations to the financial system on account of the lockdown impacting their
cashflow. Hence, the RBI decided to permit all financial institutions to allow a moratorium on term loans and a deferment on payment of interest in lieu of working
capital facilities to ease the financial stress building up in the economy and offset to an extent the system wide dislocations. Moreover, in an effort to improve market
sentiment, the RBI has assured that it will do whatever is necessary to shield the economy from the impact of the pandemic.
Agriculture activity has remained reasonably insulated from the lockdown despite experiencing some labour and transportation related disruptions even as activity at
major agriculture wholesale markets seem to be returning to a degree of normalcy. The All India daily electricity demand and rail freight have fallen sharply on a year
on year basis in the lockdown period thus far on expected lines indicating muted economic activity.
There had been green shoots seen in the rural economy before the coronavirus pandemic as in some improvement in tractor sales, recovery in food prices along with
the positive sentiment from the expectation of a strong Rabi (winter crop) harvest. While rural demand would be comparatively more insulated even now as compared
to urban consumption, there is a possibility of migrant labour exodus and lack of employment opportunities adversely impacting rural consumption sentiment to some
extent. Overall most of the consumption indicators are expected to be weak in the near term with the discretionary consumption such as airline ticket sales, vehicle
sales and air-conditioner sales expected to be severely impacted.
The equity market with take near term cues from the data points around the emerging trajectory of coronavirus cases in India which as of now seems to be in
manageable proportions. Moreover, there is an expectation of a partial lifting of lockdown in a staggered manner and a gradual opening up of economic activity. News
flow around the expected relaxation of the lock-down to some extent and a possible second round of fiscal stimulus from the government to support some of the most
affected sectors of the economy can be the possible triggers for the relative performance of the Indian equity market in the near term.
We believe that the significant correction seen in the Indian equity market will present an attractive entry point for a long-term investor with a 3-5 year view as the
rebound in the economic activity and consequently the recovery in earnings would be sharp in the medium term once the uncertainty of the coronavirus pandemic is
behind us.
01
Fund Facts
Fixed Income Strategy:
The fixed income market in India has had many tailwinds going for it over the last year in the form of a series of repo rate reduction from the RBI coupled with
extraordinary liquidity measures undertaken by the RBI to maintain the liquidity in surplus. These actions of the RBI has been in a backdrop of benign interest rates
maintained by the global central banks to support sub-par growth and muted inflationary pressures across large economies of the world.
On the domestic front, we believe that over the fiscal FY 2021 we would see more easing in the repo rate from the RBI to support the weak economic growth,
especially as the inflationary pressures are expected to remain tepid on the back of a slowdown in domestic demand, bumper food grain production and low oil prices.
Moreover, we could see the RBI augment liquidity and improve transmission of the interest rate reductions with a range of conventional and unconventional tools at
their disposal. We opine that these measures would keep the interest rates in the economy lower for longer.
While there is a risk of fiscal slippage and the relentless supply of Government securities and State Development Loans which could impart some pressure in the fixed
income space, we remain constructive on the Indian fixed income space on the back of an expectation of continued monetary policy action as well as the sustained
efforts of the RBI to improve liquidity and support the weak domestic demand conditions.
Equity Strategy:
The current situation pertaining to the spread of the Covid-19 as a global pandemic as well as the subsequent lockdown of a large part of the world economy as a
response to contain the spread of the virus, both have resulted in unprecedented times across the globe. India has not been immune to the demand destruction seen
across the world of a magnitude not witnessed in decades.
In India, the banking sector that was just emerging out of the long and painful corporate NPA cycle may see a build-up of stress from the retail/MSME space, given
that the small businesses are expected to bear the brunt of lockdown situation.
While the slew of measures announced by the government in its stimulus package will help most industries bear the immediate impact of slowdown, the timing and
extent of a medium to long term recovery remains uncertain as yet, given the severity of lockdown in the key demand regions.
The government has also taken the opportunity to unleash long term reforms across agriculture and industry and so a host of sectors should benefit from them in the
long run. Moreover, the initiatives undertaken by the government and the domestic industries would be key to tap the opportunity of businesses moving out of China.
We believe that as the world opens to the new normal, there would be large churn in the prospects of many sectors as there could be long term structural damage
to some sectors even as there could be a surge in some sectors linked to the theme of increased digitization driving economic activity.
While the equity market correction in recent times have presented significant opportunities for investment, we would evaluate stocks based on the company’s inherent
strength to withstand slowdown and benefit from the long-term opportunity thereafter.
We believe that the significant correction seen in the Indian equity market will present an attractive entry point for a long-term investor with a 3-5 year view as the
rebound in the economic activity and consequently the recovery in earnings would be sharp in the medium term once the uncertainty of the coronavirus pandemic
is behind us. We reiterate that we are positive about the Indian economy in the long term and would suggest that the policy holders stay invested for the long term
for wealth creation.
Risks
Fixed Income-Key risks
The key risks in the fixed income portfolio are:
Credit Risk: Bonds / debentures as well as other money market instruments issued by corporate run the risk of down grading by the rating agencies and even
default in the worst case scenario. Securities issued by central/state governments have lesser to zero probability of credit/ default risk in view of the sovereign status
of the issuer. To reduce the risk of default, we follow the credit category allocation limit, with limit for maximum investment in each rating category.
Liquidity Risk: The Indian debt market is such that a large percentage of the total traded volumes on certain days are concentrated in a few securities. Traded
volumes for particular securities differ significantly on a daily basis. Consequently, the fund may have to incur a significant “impact cost” while transacting large
volumes in a particular security. To mitigate the impact cost for large transactions, the schemes will invest a higher proportion in liquid and traded debt instruments
including government securities. The fund’s investments are long term in nature and hence it is not required to maintain high level of liquidity. The fund keeps
sufficient liquid instruments to ensure that it can manage liquidity risk in a reasonable manner.
Risk due to concentration: We diversify the portfolio to reduce the concentration risk. The concentration limits for a single corporate credit is also well defined.
Industry / sector exposure is restricted as a percentage of the portfolio.
Equity-Key risks
The key risks in the equity portfolio are:
Risk of loss of value: Investments in equity and equity related securities involve a degree of risks and investors should not invest in equity schemes unless they
can afford to take the risk of losing the value of the investment.
Concentration Risk in equity: In order to ensure that the portfolio is well diversified and to mitigate the risk of concentration, exposure to a single stock would be
restricted to 10% of the value of the equity part of the portfolio at the time of purchase of the share. Exposure to a single sector is also capped to the total value of
the portfolio to minimize the concentration risk.
03
Life Product
Equity Funds
Equity Fund (ULIF 001 04/02/04 TEL 110) Large Cap Equity Fund Select Equity Fund
(ULIF 017 07/01/08 TLC 110) (ULIF 024 06/10/08 TSE 110)
Portfolio
Portfolio Portfolio
Instrument % to NAV
Equity 97.33% Instrument % to NAV Instrument % to NAV
Equity 90.83% Equity 88.66%
Reliance Industries Ltd. 9.60%
Reliance Industries Ltd. 8.64% Infosys Technologies Ltd. 8.72%
HDFC Bank Ltd. 7.87% Infosys Technologies Ltd. 7.39%
Nippon India ETF Bank BeES 6.91% Hindustan Unilever Ltd. 7.81%
HDFC Bank Ltd. 5.87% Britannia Industries Ltd. 4.50%
ICICI Bank Ltd. 6.47% Hindustan Unilever Ltd. 4.50% Titan Company Ltd. 3.96%
Infosys Technologies Ltd. 6.42% Bharti Airtel Ltd. 4.34% MRF Ltd. 3.89%
Hindustan Unilever Ltd. 5.13% ICICI Bank Ltd. 4.20% Asian Paints Ltd. 3.08%
Larsen and Toubro Ltd. 4.82% Nippon India ETF Bank BeES 3.96% Alkem Laboratories Ltd. 2.94%
Asian Paints Ltd. 4.31% Axis Bank Ltd. 3.75% Havells India Ltd. 2.83%
Tata Consultancy Services Ltd. 4.08% Tata Consultancy Services Ltd. 3.72% Tata Steel Ltd. 2.68%
Bharti Airtel Ltd. 3.02% Abbott India Ltd. 2.84% Dr. Reddys Laboratories Ltd. 2.27%
Other Equity 38.71% Other Equity 41.62% Other Equity 45.96%
MMI & Others 2.67% MMI & Others 9.17% MMI & Others 11.34%
Total 100.00% Total 100.00% (Non Interest Bearing)
Total 100.00%
Asset Mix Asset Mix
Asset Mix
Portfolio % to NAV Portfolio % to NAV
Equity 97% Equity 91% Portfolio % to NAV
Money Market & Others * 3% Debt - Equity 89%
*Money Market & Others includes current assets. Money Market & Others * 9% Money Market & Others * 11%
*Money Market & Others includes current assets *Money Market & Others includes current assets
Sector Allocation
Sector % to NAV Sector Allocation Sector Allocation
Financial service activities, except 29.95% Sector % to NAV Sector % to NAV
insurance and pension funding Financial service activities, except
Computer programming, consultancy 24.06% Computer programming, consultancy
11.50% insurance and pension funding 13.37%
and related activities and related activities
Manufacture of coke and refined Computer programming, consultancy Manufacture of chemicals and
11.32% 12.10% 13.17%
petroleum products and related activities chemical products
Manufacture of chemicals and 9.44% Manufacture of Manufacture of
chemical products pharmaceuticals,medicinal chemical 8.85% pharmaceuticals,medicinal chemical 11.34%
Civil engineering 4.82% and botanical products and botanical products
Manufacture of food products 4.21% Manufacture of coke and refined Manufacture of rubber and plastics
8.64% 7.11%
petroleum products products
Telecommunications 3.02% Manufacture of chemicals and Manufacture of electrical equipment 4.80%
4.50%
Manufacture of chemical products Manufacture of food products 4.50%
pharmaceuticals,medicinal chemical 2.46% Telecommunications 4.34% Retail trade, except of motor vehicles
Manufacture of Basic Metals 3.40% 4.47%
and botanical products and motorcycles
Manufacture of other non-metallic Retail trade, except of motor vehicles Manufacture of other non-metallic
2.44% 2.81% 4.22%
mineral products and motorcycles mineral products
Manufacture of tobacco products 2.42% Civil engineering 2.47% Civil engineering 3.53%
Manufacture of electrical equipment 2.31% Manufacture of other transport
Others 18.41% Others 26.52% 3.26%
equipment
Whole Life Mid Cap Equity Fund Others 30.22%
(ULIF 009 04/01/07 WLE 110) Future Equity Pension Fund
(ULIF 020 04/02/08 FEP 110) Future Select Equity Fund
Portfolio (ULIF 023 06/10/08 FSE 110)
Portfolio
Instrument % to NAV Portfolio
Equity 88.53% Instrument % to NAV
Torrent Pharmaceuticals Ltd. 2.54% Equity 92.85% Instrument % to NAV
ICICI Lombard General Insurance Co. Reliance Industries Ltd. 8.27% Equity 89.55%
2.42% HDFC Bank Ltd. 7.57% Infosys Technologies Ltd. 7.70%
Ltd.
IPCA Laboratories Ltd. 2.35% Infosys Technologies Ltd. 7.21% Hindustan Unilever Ltd. 7.18%
Divi's Laboratories Ltd. 2.28% Tata Consultancy Services Ltd. 6.94% Titan Company Ltd. 5.18%
Alkem Laboratories Ltd. 2.21% Nippon India ETF Bank BeES 6.90% Alkem Laboratories Ltd. 4.64%
Natco Pharma Ltd. 2.15% ICICI Bank Ltd. 5.69% MRF Ltd. 3.63%
Bharti Airtel Ltd. 4.47% Britannia Industries Ltd. 3.23%
Indraprastha Gas Ltd. 2.09%
Colgate Palmolive (India) Ltd. 3.03%
Crompton Greaves Consumer Electricals Axis Bank Ltd. 4.16%
1.92% Natco Pharma Ltd 2.99%
Ltd. Abbott India Ltd. 3.74% Hero Motocorp Ltd. 2.97%
Astral Poly Technik Ltd. 1.89% Larsen and Toubro Ltd. 3.72% Havells India Ltd. 2.88%
PI Industries Ltd. 1.79% Other Equity 34.18% Other Equity 46.11%
Other Equity 66.88% MMI & Others 7.15% MMI & Others
MMI & Others 11.47% 10.45%
Total 100.00% (Non Interest Bearing)
Total 100.00% Total 100.00%
Asset Mix
Asset Mix Asset Mix
Portfolio % to NAV
Equity 93%
Equity 89% Money Market & Others * 7% Equity 90%
Debt - Money Market & Others * 10%
Money Market & Others * 11% *Money Market & Others includes current assets
*Money Market & Others includes current assets
*Money Market & Others includes current assets Sector Allocation Sector Allocation
Sector Allocation Sector % to NAV Sector % to NAV
Sector % to NAV Financial service activities, except Manufacture of
26.15%
insurance and pension funding pharmaceuticals,medicinal chemical 13.44%
Manufacture of
pharmaceuticals,medicinal chemical and 13.68% Computer programming, consultancy and botanical products
14.15%
botanical products and related activities Manufacture of chemicals and
Manufacture of 12.61%
chemical products
Financial service activities, except 11.73% pharmaceuticals,medicinal chemical 10.05% Computer programming, consultancy
insurance and pension funding 11.06%
and botanical products and related activities
Manufacture of chemicals and chemical 10.93% Manufacture of coke and refined
products 8.27% Civil engineering 6.27%
petroleum products Manufacture of other non-metallic
Manufacture of electrical equipment 6.27% Telecommunications 4.47% 6.00%
Central Government Securities 6.09% mineral products
Retail trade, except of motor vehicles Manufacture of other transport
3.74% 5.58%
Manufacture of food products 4.61% and motorcycles equipment
Retail trade, except of motor vehicles 3.84% Civil engineering 3.72% Retail trade, except of motor vehicles
and motorcycles 5.18%
Manufacture of leather and related and motorcycles
Insurance, reinsurance and pension 2.96% Manufacture of rubber and plastics
3.65% products 5.16%
funding, except Manufacture of motor vehicles, products
compulsory social security 3.38% 2.80% Manufacture of food products 3.23%
trailers and semi-trailers
Electricity, gas, steam and air 3.28% Manufacture of rubber and plastics
conditioning supply 2.41% Manufacture of electrical equipment 2.88%
products
Others 32.53% Others 21.28% Others 28.58%
04
Life Product
Top 50 Fund (ULIF 026 12/01/09 ITF 110) Infrastructure Fund Super Select Equity Pension Fund
(ULIF 034 16/10/09 TIS 110) (ULIF 037 04/01/10 FSS 110)
Portfolio
Portfolio Portfolio
Instrument % to NAV
Reliance Industries Ltd. 8.91% Equity 95.83% Equity 95.99%
Reliance Industries Ltd. 9.36% Infosys Technologies Ltd. 9.11%
Nippon India ETF Bank BeES 6.86%
Shree Cements Ltd. 8.23% Hindustan Unilever Ltd. 7.68%
Bharti Airtel Ltd. 6.46%
Asian Paints Ltd. 6.52% Britannia Industries Ltd. 5.22%
Infosys Technologies Ltd. 6.30%
ICICI Bank Ltd. 6.27% Titan Company Ltd. 4.72%
HDFC Bank Ltd. 6.04% MRF Ltd. 4.47%
SKF India Ltd. 5.75%
Hindustan Unilever Ltd. 5.41% Havells India Ltd. 3.42%
HDFC Bank Ltd. 5.39%
Tata Consultancy Services Ltd. 5.29% Alkem Laboratories Ltd. 3.21%
Larsen and Toubro Ltd. 4.03%
Titan Company Ltd. 3.84% Tata Steel Ltd. 3.12%
Power Grid Corporation of India Ltd. 3.73%
ICICI Bank Ltd. 3.66% Asian Paints Ltd. 2.65%
Voltas Ltd. 3.73%
Larsen and Toubro Ltd. 3.52% Dr. Reddys Laboratories Ltd. 2.61%
Orient Electric Ltd. 3.33%
Other Equity 38.14% Other Equity 49.77%
Other Equity 39.48%
MMI & Others 5.57% MMI & Others
MMI & Others 4.17% 4.01%
Total 100.00% (Non Interest Bearing)
Total 100.00%
Total 100.00%
Asset Mix
Asset Mix
Portfolio % to NAV Asset Mix Portfolio % to NAV
Equity 94% Equity 96%
Money Market & Others * 6% Portfolio % to NAV Money Market & Others * 4%
Equity 96%
Debt, Money Market & Others * 4%

Sector Allocation *Money Market & Others includes current assets Sector Allocation
Sector % to NAV Sector % to NAV
Financial service activities, except Sector Allocation
25.46% Computer programming, consultancy
insurance and pension funding Sector % to NAV 13.66%
and related activities
Computer programming, consultancy Financial service activities, except Manufacture of
14.09% 15.89%
and related activities insurance and pension funding pharmaceuticals,medicinal chemical 13.10%
Manufacture of coke and refined Manufacture of coke and refined and botanical products
8.91% 12.19%
petroleum products petroleum products Manufacture of chemicals and chemi-
Manufacture of chemicals and Manufacture of other non-metallic 12.86%
7.26% 10.85% cal products
chemical products mineral products
Manufacture of electrical equipment 9.65% Manufacture of rubber and plastics
Telecommunications 6.46% 8.14%
Manufacture of Electricity, gas, steam and air condi- products
8.74% Manufacture of food products 5.22%
pharmaceuticals,medicinal chemical 5.30% tioning supply
and botanical products Civil engineering 7.22% Manufacture of other non-metallic
Manufacture of chemicals and 4.96%
Manufacture of Basic Metals 4.72% 6.52% mineral products
chemical products Retail trade, except of motor vehicles
Retail trade, except of motor vehicles Manufacture of machinery and 4.72%
3.84% 6.45% and motorcycles
and motorcycles equipment n.e.c.
Civil engineering 3.52% Manufacture of fabricated metal Civil engineering 4.30%
Manufacture of other non-metallic products, except machinery and 3.92% Manufacture of electrical equipment 4.08%
3.19% equipment
mineral products Manufacture of other transport
Others 17.25% Specialized construction activities 3.73% 3.79%
equipment
Others 14.85%
Others 25.16%
Top 200 Fund (ULIF 027 12/01/09 ITT 110)
Super Select Equity Fund India Consumption Fund
Portfolio (ULIF 035 16/10/09 TSS 110) (ULIF 061 15/07/14 ICF 110)
Instrument % to NAV Portfolio Portfolio
Reliance Industries Ltd. 7.90% Equity 84.56% Equity 81.87%
Infosys Technologies Ltd. 6.62% Hindustan Unilever Ltd. 9.26% ICICI Bank Ltd. 4.79%
HDFC Bank Ltd. 5.09% Infosys Technologies Ltd. 8.22% Bharti Airtel Ltd. 4.62%
Bharti Airtel Ltd. 4.31% Britannia Industries Ltd. 3.66% Reliance Industries Ltd. 4.03%
Tata Consultancy Services Ltd. 3.42% Titan Company Ltd. 3.63% HDFC Bank Ltd. 3.76%
Axis Bank Ltd. 3.09% MRF Ltd. 3.15% Hindustan Unilever Ltd. 3.44%
ICICI Bank Ltd. 2.77% Alkem Laboratories Ltd. 2.74% Ultratech Cement Ltd. 2.44%
Abbott India Ltd. 2.65% Havells India Ltd. 2.62% Dabur India Ltd. 2.16%
Natco Pharma Ltd. 2.45% Asian Paints Ltd. 2.55% Titan Company Ltd. 2.06%
Nippon India ETF Bank BeES 2.38% Tata Steel Ltd. 2.19% ICICI Lombard General Insurance
Other Equity 47.59% 1.85%
Dr. Reddys Laboratories Ltd. 2.09% Co. Ltd.
MMI & Others 11.73% Other Equity 44.44% IPCA Laboratories Ltd. 1.83%
Total 100.00% MMI & Others Other Equity 50.90%
15.44% MMI & Others 18.13%
(Non Interest Bearing)
Asset Mix Total 100.00% Total 100.00%
Asset Mix Asset Mix

Portfolio % to NAV
Equity 88% Portfolio % to NAV
Money Market & Others * 12% Portfolio % to NAV Equity 82%
*Money Market & Others includes current assets Equity 85% Debt -
Money Market & Others * 15% Money Market & Others * 18%
Sector Allocation *Money Market & Others includes current assets *Money Market & Others includes current assets
Sector % to NAV
Financial service activities, except Sector Allocation Sector Allocation
20.07%
insurance and pension funding Sector % to NAV Sector % to NAV
Computer programming, consultancy Manufacture of chemicals and Financial service activities, except
10.96% 13.86% 18.62%
and related activities chemical products insurance and pension funding
Manufacture of Computer programming, consultancy Manufacture of chemicals and
pharmaceuticals,medicinal chemical 9.25% 12.47% 8.73%
and related activities chemical products
and botanical products Manufacture of Manufacture of electrical equipment 7.04%
Manufacture of chemicals and chemi- pharmaceuticals,medicinal chemical 10.22% Manufacture of
9.14%
cal products and botanical products pharmaceuticals,medicinal chemical 5.67%
Manufacture of coke and refined Manufacture of rubber and plastics and botanical products
7.90% 6.12%
petroleum products products Manufacture of coke and refined
4.90%
Manufacture of electrical equipment 5.79% petroleum products
Telecommunications 4.31% Manufacture of food products 4.50% Telecommunications 4.62%
Manufacture of leather and related Retail trade, except of motor vehicles Insurance, reinsurance and pension
3.03% 4.24%
products and motorcycles funding, except compulsory social 3.02%
Manufacture of electrical equipment 2.58% Manufacture of other non-metallic security
3.96% Retail trade, except of motor vehicles
mineral products 2.95%
Retail trade, except of motor vehicles and motorcycles
2.57% Civil engineering 3.02%
and motorcycles Manufacture of food products 2.89%
Manufacture of other transport
Manufacture of Basic Metals 2.51% 2.58% Electricity, gas, steam and air
equipment 2.86%
Others 33.24% conditioning supply
Others 27.68% Others 38.71%
05
Life Product
Hybrid Funds
Multi Cap Fund Aggressive Growth Fund Stable Growth Fund
(ULIF 060 15/07/14 MCF 110) (ULIF 006 01/07/06 TAL 110) (ULIF 007 01/07/06 TSL 110)
Portfolio Portfolio Portfolio
Instrument % to NAV Instrument % to NAV Instrument % to NAV
Equity 83.19% Equity 57.97% Government Securities 41.19%
Bharti Airtel Ltd. 4.83% Reliance Industries Ltd. 6.78% 7.37% GOI 16-Apr-23 13.90%
ICICI Bank Ltd. 4.72% HDFC Bank Ltd 5.38% 7.63% GOI 17-Jun-59 13.79%
Reliance Industries Ltd. 4.48% Infosys Technologies Ltd. 4.58% 7.61% GOI 09-May-30 3.47%
Infosys Technologies Ltd. 3.64% ICICI Bank Ltd. 4.28% 7.26% GOI 14-Jan-29 2.87%
HDFC Bank Ltd. 3.21% Bharti Airtel Ltd. 2.62% 8.79% GOI 08-Nov-21 2.60%
Hindustan Unilever Ltd. 2.95% Kotak Mahindra Bank Ltd. 2.43% 8.17% GOI 01-Dec-44 1.72%
Torrent Pharmaceuticals Ltd. 2.07% Tata Consultancy Services Ltd. 2.30% 0.00% GOI 02-Jul-27 1.07%
IPCA Laboratories Ltd. 1.96% Larsen and Toubro Ltd. 2.23% 0.00% GOI 02-Jan-28 1.03%
Dabur India Ltd. 1.93% Axis Bank Ltd. 1.83% 7.17% GOI 08-Jan-28 0.72%
Hindustan Unilever Ltd. 1.74% Equity 33.71%
Titan Company Ltd. 1.92%
Other Equity 23.80% Reliance Industries Ltd. 3.91%
Other Equity 51.48%
Government Securities 25.28% HDFC Bank Ltd 3.08%
MMI & Others 16.81% 7.37% GOI 16-Apr-23 10.91% ICICI Bank Ltd. 2.60%
Asset
Total Mix 100.00% 7.63% GOI 17-Jun-59 7.31% Infosys Technologies Ltd. 2.56%
Portfolio % to NAV 7.26% GOI 14-Jan-29 1.85% Bharti Airtel Ltd. 1.49%
8.17% GOI 01-Dec-44 1.32% Kotak Mahindra Bank Ltd. 1.39%
Equity 83%
8.79% GOI 08-Nov-21 1.08% Tata Consultancy Services Ltd. 1.33%
Debt -
7.17% GOI 08-Jan-28 0.78% Larsen and Toubro Ltd. 1.26%
Money Market & Others * 17% 0.00% GOI 02-Jul-27 0.69% Axis Bank Ltd. 1.05%
*Money Market & Others includes current assets 0.00% GOI 02-Jan-28 0.66% Hindustan Unilever Ltd. 0.98%
8.83% GOI 25-Nov-23 0.34% Other Equity 14.07%
Sector Allocation 8.97% GOI 05-Dec-30 0.26% MMI & Others 13.44%
Other Government Securities 0.08% Corporate Bonds 11.66%
Sector % to NAV Corporate Bonds 10.02% 8.22% NABARD 13-Dec-28 (GOI S) 5.31%
Financial service activities, except
17.25% 8.45% IRFC Ltd. 04-Dec-28 3.46% 8.45% IRFC Ltd. 04-Dec-28 3.20%
insurance and pension funding 8.22% NABARD 13-Dec-28 (GOI S) 2.75% 7.95% HDFC Bank Ltd. 21-Sep-26 3.15%
Manufacture of electrical equipment 7.42% 7.95% HDFC Bank Ltd. 21-Sep-26 1.97% Total 100.00%
Manufacture of 9.70% GE Shipping 02-Feb-21 0.73%
pharmaceuticals,medicinal chemical 6.68% 7.74% LIC Housing Finance Ltd. Asset Mix
and botanical products 0.71%
Manufacture of chemicals and chemi- 05-Jun-20 Option I
6.62% 9.09% IRFC Ltd. 29-Mar-26 0.40% Portfolio % to NAV
cal products
Computer programming, consultancy MMI & Others 6.73% Equity 34%
5.22%
and related activities Total 100.00% Debt , Money Market & Others * 66%
Telecommunications 4.83%
Manufacture of coke and refined Asset Mix *Money Market & Others includes current assets
4.48%
petroleum products
Manufacture of Basic Metals 3.43% Portfolio % to NAV Rating Profile
Insurance, reinsurance and pension
Equity 58%
funding, except compulsory social 3.07%
security Debt , Money Market & Others * 42%
Electricity, gas, steam and air
3.05% *Money Market & Others includes current assets 18.01%
conditioning supply
Others 37.95%
Rating Profile
22.64% 81.99%
1.78% Sovereign AAA & Equivalent
Sector Allocation
75.58%
Sector % to NAV
Central Government Securities 41.19%
Sovereign AAA & Equivalent AA+
18.43%
insurance and pension funding
Computer programming, consultancy
Sector Allocation 4.33%
Manufacture of coke and refined
Sector % to NAV 3.91%
petroleum products
Central Government Securities 25.28% Infrastructure - Long Term Bonds
Financial service activities, except 3.15%
24.33% - BFSI
insurance and pension funding Manufacture of chemicals and
Computer programming, consultancy 2.49%
7.64% chemical products
and related activities Manufacture of
Manufacture of coke and refined pharmaceuticals,medicinal chemical 1.61%
6.78%
petroleum products and botanical products
Manufacture of chemicals and Telecommunications 1.49%
4.36%
chemical products Manufacture of other non-metallic
Manufacture of 1.29%
mineral products
pharmaceuticals,medicinal chemical 2.85% Civil engineering 1.26%
and botanical products Others 20.87%
Manufacture of other non-metallic
mineral products
2.23% Modified Duration 5.69
Civil engineering 2.23%
Infrastructure - Long Term Bonds
1.97%
- BFSI
Others 19.72%
Modified Duration 5.35
06
Life Product
Whole Life Aggressive Growth Fund Whole Life Stable Growth Fund Growth Maximiser Fund
(ULIF 010 04/01/07 WLA 110) (ULIF 011 04/01/07 WLS 110) (ULIF 016 17/10/07 TGM 110)
Equity 60.92% Government Securities 47.31% Equity 55.15%
Reliance Industries Ltd. 6.24% 7.37% GOI 16-Apr-23 18.75% Reliance Industries Ltd. 6.28%
Infosys Technologies Ltd. 4.94% 7.63% GOI 17-Jun-59 10.87% HDFC Bank Ltd 5.04%
HDFC Bank Ltd 3.31% 7.26% GOI 14-Jan-29 7.81% ICICI Bank Ltd. 4.24%
Tata Consultancy Services Ltd. 3.29% 8.17% GOI 01-Dec-44 3.22% Infosys Technologies Ltd. 3.45%
Axis Bank Ltd. 3.24% 7.61% GOI 09-May-30 1.71% Kotak Mahindra Bank Ltd. 3.31%
ICICI Bank Ltd. 3.00% 8.79% GOI 08-Nov-21 1.10% Tata Consultancy Services Ltd. 2.59%
Bharti Airtel Ltd. 2.54% 7.17% GOI 08-Jan-28 1.05% Bharti Airtel Ltd. 2.44%
Kotak Mahindra Bank Ltd. 1.94% 8.27% GOI 09-Jun-20 0.93% Larsen and Toubro Ltd. 2.07%
Larsen and Toubro Ltd. 1.80% 0.00% GOI 02-Jul-27 0.93% PI Industries Ltd. 1.67%
IPCA Laboratories Ltd. 1.80% 0.00% GOI 02-Jan-28 0.89% Hindustan Unilever Ltd. 1.56%
Other Equity 28.82% Other Government Securities 0.05% Other Equity 22.50%
Government Securities 21.32% Equity 32.31% Government Securities 28.82%
7.37% GOI 16-Apr-23 8.78% Reliance Industries Ltd. 3.19% 7.26% GOI 14-Jan-29 16.90%
7.63% GOI 17-Jun-59 6.22% Infosys Technologies Ltd. 2.49% 7.17% GOI 08-Jan-28 3.22%
8.79% GOI 08-Nov-21 1.14% Bharti Airtel Ltd. 1.78% 8.40% GOI 28-Jul-24 3.06%
8.17% GOI 01-Dec-44 1.00% HDFC Bank Ltd 1.75% 7.72% GOI 25-May-25 2.52%
6.68% GOI 17-Sep-31 0.87% ICICI Bank Ltd. 1.74% 8.83% GOI 25-Nov-23 1.54%
6.79% GOI 15-May-27 0.72% Tata Consultancy Services Ltd. 1.56% 6.79% GOI 15-May-27 0.87%
0.00% GOI 02-Jul-27 0.66% Kotak Mahindra Bank Ltd. 1.52% 7.61% GOI 09-May-30 0.50%
0.00% GOI 02-Jan-28 0.64% Axis Bank Ltd. 1.27% 6.68% GOI 17-Sep-31 0.23%
7.26% GOI 14-Jan-29 0.53% Avenue Supermarts Ltd. 1.04% MMI & Others 12.67%
7.61% GOI 09-May-30 0.51% Natco Pharma Ltd 1.02% Corporate Bonds 3.36%
Other Government Securities 0.23% Other Equity 14.94% 8.45% IRFC Ltd. 04-Dec-28 3.36%
Corporate Bonds 12.94% Corporate Bonds 10.98% Total 100.00%
8.45% IRFC Ltd. 04-Dec-28 2.56% 8.22% NABARD 13-Dec-28 (GOI S) 3.56%
7.95% HDFC Bank Ltd. 21-Sep-26 2.31% 8.45% IRFC Ltd. 04-Dec-28 2.88%
Asset Mix
8.22% NABARD 13-Dec-28 (GOI S) 2.30% 7.95% HDFC Bank Ltd. 21-Sep-26 2.39%
9.05% Reliance Industries Ltd. 9.05% Reliance Industries Ltd.
2.19% 2.15% Portfolio % to NAV
17-Oct-28 17-Oct-28
9.48% REC Ltd. 10-Aug-21 1.86% MMI & Others 9.40% Equity 55%
8.49% NTPC Ltd. 25-Mar-25 1.05% Total 100.00%
8.79% IRFC Ltd 04-May-30 0.32% Debt , Money Market & Others * 45%
9.09% IRFC Ltd. 29-Mar-26 0.32% Asset Mix *Money Market & Others includes current assets
9.35% PGC Ltd. 29-Aug-30 0.03%
MMI & Others 4.82% Portfolio % to NAV Rating Profile
Total 100.00%
Equity 32%
Asset Mix Debt 58%
Portfolio % to NAV Money Market & Others * 10%
Equity 61% *Money Market & Others includes current assets

7.65%
Debt 34%
Rating Profile
Money Market & Others * 5%
92.35%
Rating Profile
34.18%
Sector Allocation
83.31% Sector % to NAV
Sovereign AAA & Equivalent Financial service activities, except
20.44%
65.82% 6.76%
Sector Allocation Manufacture of coke and refined
6.28%
Sovereign AAA & Equivalent petroleum products
Sector % to NAV Manufacture of chemicals and
4.78%
Central Government Securities 47.31% chemical products
Sector Allocation Financial service activities, except Manufacture of
15.00% pharmaceuticals,medicinal chemical 2.66%
Sector % to NAV Manufacture of coke and refined and botanical products
Financial service activities, except 5.33% Telecommunications 2.44%
24.97% petroleum products
insurance and pension funding Computer programming, consultancy Civil engineering 2.07%
Central Government Securities 21.32% 4.35%
and related activities Manufacture of electrical equipment 1.63%
Computer programming, consultancy Manufacture of Human health activities 1.35%
8.89%
and related activities pharmaceuticals,medicinal chemical 3.01% Others 22.77%
Manufacture of coke and refined and botanical products
8.43%
petroleum products Infrastructure - Long Term Bonds
Manufacture of 2.39% Modified Duration 4.17
- BFSI
pharmaceuticals,medicinal chemical 5.88% Telecommunications 1.78%
and botanical products Retail trade, except of motor vehicles
Manufacture of electrical equipment 2.61% 1.56%
and motorcycles
Telecommunications 2.54% Manufacture of chemicals and
1.46%
Infrastructure - Long Term Bonds chemical products
2.31% Manufacture of electrical equipment 1.18%
- BFSI
Retail trade, except of motor vehicles Others 16.61%
2.27%
and motorcycles
conditioning supply
Others 18.64%
07
Life Product
Growth Enabler Fund Capital Guarantee Fund Future Capital Guarantee Pension
(ULIF 015 17/10/07 TGE 110) (ULIF 014 17/10/07 TCG 110) Fund (ULIF 019 04/02/08 FCG 110)
Government Securities 58.97% Government Securities 73.35% Government Securities 71.75%
7.26% GOI 14-Jan-29 45.22% 7.26% GOI 14-Jan-29 42.13% 7.26% GOI 14-Jan-29 34.43%
8.40% GOI 28-Jul-24 5.76% 7.61% GOI 09-May-30 9.06% 7.61% GOI 09-May-30 10.56%
6.79% GOI 15-May-27 5.42% 8.40% GOI 28-Jul-24 7.27% 8.40% GOI 28-Jul-24 7.74%
6.68% GOI 17-Sep-31 2.57% 8.83% GOI 25-Nov-23 5.56% 8.83% GOI 25-Nov-23 5.71%
Equity 34.21% 7.72% GOI 25-May-25 4.69% 6.68% GOI 17-Sep-31 4.73%
HDFC Bank Ltd 3.31% 7.17% GOI 08-Jan-28 2.75% 7.72% GOI 25-May-25 4.27%
ICICI Bank Ltd. 2.96% 6.79% GOI 15-May-27 1.89% 6.79% GOI 15-May-27 3.83%
Reliance Industries Ltd. 2.72% MMI & Others 12.15% 7.17% GOI 08-Jan-28 0.49%
Infosys Technologies Ltd. 2.11% Corporate Bonds 8.71% MMI & Others 10.63%
Tata Consultancy Services Ltd. 1.73% 8.45% IRFC Ltd. 04-Dec-28 5.74% Corporate Bonds 10.37%
PI Industries Ltd. 1.45% 9.05% Reliance Industries Ltd. 9.05% Reliance Industries Ltd.
2.97% 5.27%
Kotak Mahindra Bank Ltd. 1.36% 17-Oct-28 17-Oct-28
Bharti Airtel Ltd. 1.36% Equity 5.79% 8.45% IRFC Ltd. 04-Dec-28 5.10%
Larsen and Toubro Ltd. 1.23% HDFC Bank Ltd 0.67% Equity 7.25%
Axis Bank Ltd. 1.02% Reliance Industries Ltd. 0.60% HDFC Bank Ltd 0.81%
Other Equity 14.98% ICICI Bank Ltd. 0.48% Reliance Industries Ltd. 0.74%
MMI & Others 6.82% Infosys Technologies Ltd. 0.41% ICICI Bank Ltd. 0.60%
Total 100.00% Tata Consultancy Services Ltd. 0.28% Infosys Technologies Ltd. 0.51%
Bharti Airtel Ltd. 0.27% Tata Consultancy Services Ltd. 0.34%
Asset Mix Kotak Mahindra Bank Ltd. 0.26% Bharti Airtel Ltd. 0.33%
Larsen and Toubro Ltd. 0.26% Kotak Mahindra Bank Ltd. 0.33%
Portfolio % to NAV Axis Bank Ltd. 0.20% Larsen and Toubro Ltd. 0.31%
Hindustan Unilever Ltd. 0.19% Hindustan Unilever Ltd. 0.29%
Equity 34%
Other Equity 2.16% Axis Bank Ltd. 0.24%
Debt , Money Market & Others * 66% Total 100.00% Other Equity 2.74%
Total 100.00%
Asset Mix
Asset Mix
Rating Profile
Portfolio % to NAV
Equity 6%
Portfolio % to NAV
Equity 7%
Debt , Money Market & Others * 94%
Rating Profile
100.00% Rating Profile
Sovereign 9.44%
11.48%
Sector Allocation
10.67%
insurance and pension funding Sovereign AAA & Equivalent
Manufacture of chemicals and
3.59% Sector Allocation
chemical products Sector Allocation
Manufacture of coke and refined Sector % to NAV
2.72%
petroleum products Central Government Securities 73.35% Sector % to NAV
Manufacture of Financial service activities, except Central Government Securities 71.75%
pharmaceuticals,medicinal chemical 1.64% 7.76% Financial service activities, except
and botanical products Manufacture of coke and refined insurance and pension funding
Telecommunications 1.36% 3.57% Manufacture of coke and refined
petroleum products 6.01%
Civil engineering 1.23% Computer programming, consultancy petroleum products
Electricity, gas, steam and air condi- 0.77% Computer programming, consultancy
1.17% and related activities 0.94%
tioning supply Manufacture of chemicals and and related activities
Retail trade, except of motor vehicles 0.54% Manufacture of chemicals and
0.93% chemical products 0.73%
and motorcycles Manufacture of chemical products
Others 13.04% pharmaceuticals,medicinal chemical 0.29% Manufacture of
and botanical products pharmaceuticals,medicinal chemical 0.35%
Modified Duration 5.84 Telecommunications 0.27% and botanical products
Civil engineering 0.26% Telecommunications 0.33%
Manufacture of Basic Metals 0.15% Civil engineering 0.31%
Manufacture of rubber and plastics Manufacture of Basic Metals 0.18%
0.14% Manufacture of rubber and plastics
products 0.18%
Others 12.91% products
Others 11.60%
08
Life Product
Future Growth Pension Fund Future Balanced Pension Fund 110% Capital Guarantee Fund
(ULIF 021 04/02/08 FGP 110) (ULIF 018 04/02/08 FBP 110) (ULIF 025 10/11/08 UCX 110)
8.40% GOI 28-Jul-24 11.49% 7.26% GOI 14-Jan-29 22.58% 7.26% GOI 14-Jan-29 29.63%
6.79% GOI 15-May-27 10.39% 6.79% GOI 15-May-27 15.85% 7.61% GOI 09-May-30 12.93%
7.72% GOI 25-May-25 8.89% 6.68% GOI 17-Sep-31 14.82% 8.83% GOI 25-Nov-23 12.60%
8.17% GOI 01-Dec-44 7.10% 8.40% GOI 28-Jul-24 14.31% 8.40% GOI 28-Jul-24 8.35%
7.26% GOI 14-Jan-29 5.46% 7.72% GOI 25-May-25 7.76% 6.68% GOI 17-Sep-31 7.66%
7.37% GOI 16-Apr-23 5.15% Corporate Bonds 12.61% 7.17% GOI 08-Jan-28 6.32%
7.17% GOI 08-Jan-28 2.81% 8.45% IRFC Ltd. 04-Dec-28 8.32% 7.72% GOI 25-May-25 2.08%
Equity 23.60% 9.05% Reliance Industries Ltd. 6.79% GOI 15-May-27 0.77%
Reliance Industries Ltd. 3.06% 4.30%
17-Oct-28 Corporate Bonds 8.25%
HDFC Bank Ltd 2.18% Equity 8.56% 8.45% IRFC Ltd. 04-Dec-28 8.25%
Infosys Technologies Ltd. 2.18% Reliance Industries Ltd. 1.04% Equity 5.88%
ICICI Bank Ltd. 1.83% HDFC Bank Ltd 0.78% HDFC Bank Ltd 0.70%
Bharti Airtel Ltd. 1.24% Infosys Technologies Ltd. 0.76% Reliance Industries Ltd. 0.58%
Tata Consultancy Services Ltd. 1.21% ICICI Bank Ltd. 0.65% ICICI Bank Ltd. 0.49%
Larsen and Toubro Ltd. 1.18% Kotak Mahindra Bank Ltd. 0.41% Infosys Technologies Ltd. 0.38%
Kotak Mahindra Bank Ltd. 1.16% Larsen and Toubro Ltd. 0.39% Tata Consultancy Services Ltd. 0.28%
Axis Bank Ltd. 1.02% Bharti Airtel Ltd. 0.39% Bharti Airtel Ltd. 0.27%
Hindustan Unilever Ltd. 0.92% Tata Consultancy Services Ltd. 0.36% Kotak Mahindra Bank Ltd. 0.27%
Other Equity 7.63% Axis Bank Ltd. 0.35% Hindustan Unilever Ltd. 0.26%
Corporate Bonds 17.25% PI Industries Ltd. 0.33% Larsen and Toubro Ltd. 0.25%
7.95% HDFC Bank Ltd. 21-Sep-26 6.51% Other Equity 3.08% Axis Bank Ltd. 0.19%
9.05% Reliance Industries Ltd. MMI & Others 3.52% Other Equity 2.22%
5.46%
17-Oct-28 Total 100.00% MMI & Others 5.53%
8.45% IRFC Ltd. 04-Dec-28 5.28% Total 100.00%
MMI & Others 7.88% Asset Mix
Total 100.00% Asset Mix
Portfolio % to NAV
Asset Mix Portfolio % to NAV
Equity 9%
Portfolio % to NAV Debt , Money Market & Others * 91% Equity 6%
Equity 24% *Money Market & Others includes current assets Debt , Money Market & Others * 94%
Debt , Money Market & Others * 76% *Money Market & Others includes current assets
Rating Profile
Rating Profile
Rating Profile
14.08%
23.18% 9.01%
85.92%
90.99%
Sovereign AAA & Equivalent

76.82%
Sector Allocation
Sector % to NAV Sector Allocation
Sector Allocation Central Government Securities 75.32% Sector % to NAV
Sector % to NAV 10.89% Central Government Securities 80.34%
Central Government Securities 51.27% Manufacture of coke and refined 10.31%
Financial service activities, except 5.34% insurance and pension funding
12.47% petroleum products Computer programming, consultancy
insurance and pension funding Computer programming, consultancy 0.73%
1.23% and related activities
Manufacture of coke and refined and related activities Manufacture of chemicals and
8.52% Manufacture of chemicals and 0.63%
petroleum products 0.73% chemical products
Infrastructure - Long Term Bonds chemical products Manufacture of coke and refined
6.51% Manufacture of 0.58%
- BFSI petroleum products
Computer programming, consultancy pharmaceuticals,medicinal chemical 0.46% Manufacture of
3.69% and botanical products
and related activities pharmaceuticals,medicinal chemical 0.29%
Manufacture of chemicals and Civil engineering 0.39%
1.81% and botanical products
chemical products Telecommunications 0.39% Telecommunications 0.27%
Telecommunications 1.24% Manufacture of Basic Metals 0.23% Civil engineering 0.25%
Manufacture of Manufacture of rubber and plastics
0.21% Manufacture of Basic Metals 0.15%
pharmaceuticals,medicinal chemical 1.22% products Manufacture of rubber and plastics
and botanical products Others 4.82% 0.14%
products
Civil engineering 1.18% Others 6.30%
Manufacture of Basic Metals 0.53% Modified Duration 5.65
Others 11.56% Modified Duration 5.53
09
Life Product
Aggressive Flexi Fund Stable Flexi Fund Super 110% Capital Guarantee
(ULIF 028 12/01/09 IAF 110) (ULIF 029 12/01/09 ISF 110) (ULIF 036 23/11/09 UCS 110)
6.68% GOI 17-Sep-31 14.15% 7.26% GOI 14-Jan-29 22.33% 8.83% GOI 25-Nov-23 30.75%
7.17% GOI 08-Jan-28 14.02% 8.83% GOI 25-Nov-23 10.22% 7.26% GOI 14-Jan-29 29.04%
8.40% GOI 28-Jul-24 8.40% 8.17% GOI 01-Dec-44 9.99% 8.40% GOI 28-Jul-24 8.15%
6.79% GOI 15-May-27 7.06% 8.40% GOI 28-Jul-24 8.47% 7.61% GOI 09-May-30 5.96%
7.26% GOI 14-Jan-29 3.46% 7.61% GOI 09-May-30 8.25% 7.17% GOI 08-Jan-28 5.79%
Equity 34.70% 6.79% GOI 15-May-27 3.10% 6.79% GOI 15-May-27 5.67%
Reliance Industries Ltd. 3.89% 6.68% GOI 17-Sep-31 1.43% 7.72% GOI 25-May-25 3.58%
HDFC Bank Ltd 3.26% MMI & Others 14.58% Equity 6.01%
ICICI Bank Ltd. 2.72% Corporate Bonds 11.28% HDFC Bank Ltd 0.70%
Infosys Technologies Ltd. 2.64% 8.45% IRFC Ltd. 04-Dec-28 7.44% Reliance Industries Ltd. 0.62%
Bharti Airtel Ltd. 1.55% 9.05% Reliance Industries Ltd. ICICI Bank Ltd. 0.49%
Kotak Mahindra Bank Ltd. 1.49% 3.84%
17-Oct-28 Infosys Technologies Ltd. 0.43%
Tata Consultancy Services Ltd. 1.36% Equity 10.35% Kotak Mahindra Bank Ltd. 0.29%
Larsen and Toubro Ltd. 1.29% Reliance Industries Ltd. 1.13% Tata Consultancy Services Ltd. 0.27%
Axis Bank Ltd. 1.21% HDFC Bank Ltd 1.01% Bharti Airtel Ltd. 0.27%
Hindustan Unilever Ltd. 1.01% ICICI Bank Ltd. 0.84% Larsen and Toubro Ltd. 0.26%
Other Equity 14.27% Infosys Technologies Ltd. 0.81% Hindustan Unilever Ltd. 0.21%
MMI & Others 9.96% Bharti Airtel Ltd. 0.47% Bajaj Finance Ltd 0.21%
Corporate Bonds 8.24% Kotak Mahindra Bank Ltd. 0.46% Other Equity 2.26%
8.45% IRFC Ltd. 04-Dec-28 4.88% Tata Consultancy Services Ltd. 0.42% MMI & Others 5.05%
9.05% Reliance Industries Ltd. Larsen and Toubro Ltd. 0.38% Total 100.00%
3.36%
17-Oct-28 Axis Bank Ltd. 0.37%
Total 100.00% PI Industries Ltd. 0.31% Asset Mix
Other Equity 4.16%
Asset Mix Total 100.00% Portfolio % to NAV
Portfolio % to NAV Asset Mix Equity 6%

Equity 35% Debt , Money Market & Others * 94%
Portfolio % to NAV
Debt 55% *Money Market & Others includes current assets
Equity 10%
Debt 75% Rating Profile
Rating Profile *Money Market & Others includes current assets
Rating Profile
12.83%
100.00%
12.55%
Sovereign
87.17%
87.45%
Sovereign AAA & Equivalent Sector Allocation
Sector % to NAV
Sector Allocation Financial service activities, except
2.13%
Sector % to NAV insurance and pension funding
Sector Allocation Computer programming, consultancy
Financial service activities, except Sector % to NAV Manufacture of coke and refined
15.32% 0.62%
insurance and pension funding Central Government Securities 63.79% petroleum products
Manufacture of coke and refined Financial service activities, except Manufacture of chemicals and
7.25% 10.64% 0.61%
petroleum products insurance and pension funding chemical products
Computer programming, consultancy Manufacture of coke and refined Manufacture of
4.46% 4.97%
and related activities petroleum products pharmaceuticals,medicinal chemical 0.29%
Manufacture of chemicals and Computer programming, consultancy
2.56% 1.37% and botanical products
chemical products and related activities
Manufacture of Telecommunications 0.27%
Manufacture of chemicals and Civil engineering 0.26%
pharmaceuticals,medicinal chemical 1.73% 0.61%
chemical products Manufacture of rubber and plastics
and botanical products Manufacture of 0.16%
Telecommunications 1.55% products
pharmaceuticals,medicinal chemical 0.49% Manufacture of Basic Metals 0.15%
Civil engineering 1.29% and botanical products
Manufacture of other non-metallic Others 5.82%
1.17% Telecommunications 0.47%
mineral products Manufacture of other non-metallic
Manufacture of electrical equipment 1.04% mineral products
Others 16.55% Civil engineering 0.38%
Manufacture of electrical equipment 0.32%
Modified Duration 5.19 Others 16.57%
10
Life Product
Apex Plus Return Lock-in-Fund Apex Pension Return Lock-in Fund Apex Pension 10 Return Lock-in Fund
(ULIF 047 01/02/10 RA1 110) (ULIF 042 20/01/10 PR1 110) (ULIF 043 20/01/10 PR2 110)
0.00% GOI 02-Jul-20 32.96% 7.80% GOI 03-May-20 67.62% 7.80% GOI 03-May-20 122.29%
7.80% GOI 03-May-20 30.22% 8.27% GOI 09-Jun-20 25.48% Corporate Bonds 22.30%
Corporate Bonds 53.74% MMI & Others 5.23% 7.74% LIC Housing Finance Ltd.
7.60%
9.35% PGC Ltd. 29-Aug-20 9.68% Equity 1.67% 05-Jun-20 Option I
HDFC Bank Ltd 0.22% 8.93% NTPC Ltd. 19-Jan-21 6.20%
9.57% IRFC Ltd. 31-May-21 8.28% 9.50% SBI 04-Nov-25
Ultratech Cement Ltd. 0.18% 5.41%
7.74% LIC Housing Finance Ltd. Infosys Technologies Ltd. 0.16% (Put-N.A Call-04-11-2020)
7.99% 9.48% REC Ltd. 10-Aug-21 1.58%
05-Jun-20 Option I Hindalco Industries Ltd. 0.16%
Reliance Industries Ltd. 0.16% 8.75% Reliance Industries Ltd.
9.48% REC Ltd. 10-Aug-21 7.75% 1.52%
ICICI Bank Ltd. 0.15% 07-May-20
9.50% SBI 04-Nov-25 HDFC Ltd. 0.09% Equity 8.28%
6.08% Reliance Industries Ltd. 1.18%
(Put-N.A Call-04-11-2020) Sun Pharmaceuticals Industries Ltd. 0.09%
8.75% Reliance Industries Ltd. Hindustan Unilever Ltd. 0.06% ICICI Bank Ltd. 0.92%
5.85%
07-May-20 Mahindra and Mahindra Ltd. 0.06% HDFC Bank Ltd 0.88%
8.93% NTPC Ltd. 19-Jan-21 5.43% Other Equity 0.32% Infosys Technologies Ltd. 0.80%
7.07% Reliance Industries Ltd HDFC Ltd. 0.59%
2.67% Total 100.00%
24-Dec-20 Hindustan Unilever Ltd. 0.54%
Equity 6.78% Asset Mix Tata Consultancy Services Ltd. 0.53%
Reliance Industries Ltd. 1.00% Kotak Mahindra Bank Ltd. 0.52%
HDFC Bank Ltd 0.75% Larsen and Toubro Ltd. 0.29%
Portfolio % to NAV
HDFC Ltd. 0.58% Axis Bank Ltd. 0.29%
Tata Consultancy Services Ltd. 0.47% Equity 2% Other Equity 1.74%
ICICI Bank Ltd. 0.46% Debt , Money Market & Others * 98% MMI & Others -52.87%
Hindustan Unilever Ltd. 0.46% Total 100.00%
Infosys Technologies Ltd. 0.45% *Money Market & Others includes current assets
Kotak Mahindra Bank Ltd. 0.39% Asset Mix
ITC Ltd. 0.31% Rating Profile
Axis Bank Ltd. 0.28% Portfolio % to NAV
Other Equity 1.65%
MMI & Others -23.70% Equity 8%
Total 100.00% Debt , Money Market & Others * 92%
Asset Mix *Money Market & Others includes current assets
Portfolio % to NAV Rating Profile

Equity 7%
100.00%
*Money Market & Others includes current assets 10.24%
Sovereign
Rating Profile
Sector Allocation
32.83% Sector % to NAV 89.76%
0.23%
Manufacture of Basic Metals 0.21% Sector Allocation
Manufacture of other non-metallic Sector % to NAV
67.17% 0.18%
mineral products
Manufacture of coke and refined Central Government Securities 122.29%
Sovereign AAA & Equivalent 0.16% Financial service activities, except
Manufacture of insurance and pension funding
pharmaceuticals,medicinal chemical 0.12% Electricity, gas, steam and air
6.20%
Sector Allocation and botanical products conditioning supply
Manufacture of chemicals and Manufacture of coke and refined
Sector % to NAV 0.06% 2.69%
chemical products petroleum products
Central Government Securities 63.18% Manufacture of machinery and Computer programming, consultancy
0.06% 1.47%
Financial service activities, except equipment n.e.c. and related activities
32.77% Manufacture of chemicals and
insurance and pension funding Manufacture of other transport 0.69%
Electricity, gas, steam and air 0.06% chemical products
15.11% equipment
conditioning supply Others 5.30% Civil engineering 0.29%
Manufacture of coke and refined Manufacture of tobacco products 0.27%
9.53% Manufacture of motor vehicles, trail-
petroleum products Modified Duration 0.07 0.24%
Computer programming, consultancy ers and semi-trailers
1.02%
and related activities Manufacture of Basic Metals 0.24%
Manufacture of chemicals and Others -52.36%
0.68%
chemical products
Manufacture of tobacco products 0.31% Modified Duration 0.19
Manufacture of motor vehicles,
0.26%
trailers and semi-trailers
Manufacture of
pharmaceuticals,medicinal chemical 0.24%
and botanical products
Manufacture of Basic Metals 0.23%
Others -23.33%
11
Life Product
Apex Pension 15 Return Lock-in Fund Apex Pension 20 Return Lock-in Fund Apex Plus Return Lock-in-Fund II
(ULIF 044 20/01/10 PR3 110) (ULIF 045 20/01/10 PR4 110) (ULIF 052 01/07/10 RA2 110)
8.20% GOI 24-Sep-25 39.07% 8.97% GOI 05-Dec-30 35.91% 0.00% GOI 02-Jul-20 33.02%
7.72% GOI 25-May-25 12.73% 8.28% GOI 15-Feb-32 7.91% 7.80% GOI 03-May-20 24.33%
8.20% GOI 10-Nov-23 7.96% 10.18% GOI 11-Sep-26 0.70% 10.70% GOI 22-Apr-20 0.12%
9.15% GOI 14-Nov-24 7.29% Equity 26.31% Corporate Bonds 27.82%
7.95% GOI 18-Jan-25 5.80% Reliance Industries Ltd. 3.26% 8.50% IRFC Ltd. 22-Jun-20 7.05%
Equity 13.16% HDFC Bank Ltd 3.20% 7.07% Reliance Industries Ltd 24-
4.71%
HDFC Bank Ltd 1.51% Infosys Technologies Ltd. 2.38% Dec-20
Reliance Industries Ltd. 1.46% ICICI Bank Ltd. 1.99% 9.30% PGC LTD. 28-Jun-20 4.70%
Infosys Technologies Ltd. 1.12% Hindustan Unilever Ltd. 1.63% 7.74% LIC Housing Finance Ltd. 05-
4.69%
Tata Consultancy Services Ltd. 1.00% Kotak Mahindra Bank Ltd. 1.61% Jun-20 Option I
ICICI Bank Ltd. 0.98% ITC Ltd. 1.57% 8.10% NTPC Ltd. 27-May-21 2.39%
Asian Paints Ltd. 0.73% Tata Consultancy Services Ltd. 1.56% 9.35% PGC Ltd. 29-Aug-20 1.89%
ITC Ltd. 0.72% HDFC Ltd. 1.39% 9.48% REC Ltd. 10-Aug-21 0.97%
HDFC Ltd. 0.69% State Bank of India 1.00% 6.98% NABARD 30-Sep-20 0.94%
Larsen and Toubro Ltd. 0.53% Other Equity 6.73% 9.38% EXIM BANK 29-Sep-21 0.49%
Axis Bank Ltd. 0.44% MMI & Others 24.61% MMI & Others 8.80%
Other Equity 3.98% Corporate Bonds 4.56% Equity 5.91%
MMI & Others 8.01% 9.35% PGC Ltd. 29-Aug-30 4.56% Reliance Industries Ltd. 0.81%
Corporate Bonds 5.99% Total 100.00% HDFC Bank Ltd 0.76%
6.98% NABARD 30-Sep-20 5.99% HDFC Ltd. 0.57%
Total 100.00% Asset Mix Infosys Technologies Ltd. 0.49%
ICICI Bank Ltd. 0.48%
Asset Mix Portfolio % to NAV Hindustan Unilever Ltd. 0.47%
Tata Consultancy Services Ltd. 0.37%
Equity 26% Axis Bank Ltd. 0.27%
Portfolio % to NAV
Debt , Money Market & Others * 74% Asian Paints Ltd. 0.26%
Equity 13% Larsen and Toubro Ltd. 0.24%
*Money Market & Others includes current assets Other Equity 1.19%
Total 100.00%
*Money Market & Others includes current assets Rating Profile
Asset Mix
Rating Profile
Portfolio % to NAV
Equity 6%
6.34% Debt , Money Market & Others * 94%
7.00% *Money Market & Others includes current assets
Rating Profile
93.66%
93.00%
Sovereign AAA & Equivalent 30.29%
Sector Allocation
Sector Allocation Sector % to NAV
Sector % to NAV Central Government Securities 44.52%
Financial service activities, except Electricity, gas, steam and air
10.37% 4.56% Sovereign AAA & Equivalent
insurance and pension funding conditioning supply
Computer programming, consultancy Computer programming, consultancy
2.25% 4.03%
and related activities and related activities
Manufacture of coke and refined Manufacture of coke and refined Sector Allocation
1.57% 3.43%
petroleum products petroleum products
Manufacture of Sector % to NAV
pharmaceuticals,medicinal chemical 1.20% 2.45% Central Government Securities 57.47%
chemical products
and botanical products Manufacture of tobacco products 1.57% Financial service activities, except
16.45%
Manufacture of chemicals and Manufacture of insurance and pension funding
0.96% Electricity, gas, steam and air
chemical products pharmaceuticals,medicinal chemical 1.49% 8.98%
Manufacture of tobacco products 0.72% and botanical products conditioning supply
Civil engineering 0.53% Civil engineering 0.86% Manufacture of coke and refined
5.55%
Manufacture of Basic Metals 0.47% Manufacture of motor vehicles, trail- petroleum products
Manufacture of other transport 0.82% Computer programming, consultancy
0.47% ers and semi-trailers 0.86%
equipment Others 26.13% and related activities
Others 8.62% Manufacture of chemicals and
0.73%
chemical products
Modified Duration 4.77 Civil engineering 0.24%
Modified Duration 3.53 Manufacture of tobacco products 0.23%
Manufacture of motor vehicles, trail-
0.18%
ers and semi-trailers
Manufacture of
Others 9.16%
12
Life Product
Apex Pension Return Lock-in Fund II Apex Pension 10 Return Lock-in Fund Apex Pension 15 Return Lock-in Fund
(ULIF 048 01/07/10 PR5 110) II (ULIF 049 01/07/10 PR6 110) II (ULIF 050 01/07/10 PR7 110)
7.80% GOI 03-May-20 32.52% 7.80% GOI 03-May-20 31.54% 8.20% GOI 24-Sep-25 34.59%
8.27% GOI 09-Jun-20 9.80% 8.27% GOI 09-Jun-20 20.50% 7.72% GOI 25-May-25 17.91%
Corporate Bonds 31.40% Corporate Bonds 24.47% 6.90% GOI 04-Feb-26 10.13%
9.50% SBI 04-Nov-25 7.74% LIC Housing Finance Ltd. 7.95% GOI 18-Jan-25 5.35%
7.37% 7.48% 8.20% GOI 10-Nov-23 3.58%
(Put-N.A Call-04-11-2020) 05-Jun-20 Option I
8.75% Reliance Industries Ltd. 7.07% Reliance Industries Ltd 10.18% GOI 11-Sep-26 1.19%
7.23% 6.01%
07-May-20 24-Dec-20 Equity 18.99%
9.35% PGC Ltd. 29-Aug-20 5.48% 9.38% EXIM BANK 29-Sep-21 4.68% HDFC Bank Ltd 2.26%
7.74% LIC Housing Finance Ltd. 9.48% REC Ltd. 10-Aug-21 2.33% Reliance Industries Ltd. 2.12%
5.43%
05-Jun-20 Option I 9.35% PGC Ltd. 29-Aug-20 2.27% Infosys Technologies Ltd. 1.99%
8.50% IRFC Ltd. 22-Jun-20 3.63% 9.30% PGC LTD. 28-Jun-20 0.94% HDFC Ltd. 1.56%
9.30% PGC LTD. 28-Jun-20 2.27% 8.10% NTPC Ltd. 27-May-21 0.76% Kotak Mahindra Bank Ltd. 1.54%
MMI & Others 20.49% MMI & Others 17.68% ICICI Bank Ltd. 1.16%
Equity 5.79% Equity 5.81% Hindustan Unilever Ltd. 1.12%
Reliance Industries Ltd. 0.69% Asian Paints Ltd. 0.76% Tata Consultancy Services Ltd. 1.08%
HDFC Bank Ltd 0.65% Reliance Industries Ltd. 0.70% ITC Ltd. 0.82%
HDFC Ltd. 0.50% HDFC Bank Ltd 0.62% State Bank of India 0.68%
Infosys Technologies Ltd. 0.44% Kotak Mahindra Bank Ltd. 0.48% Other Equity 4.66%
ICICI Bank Ltd. 0.44% Infosys Technologies Ltd. 0.45% MMI & Others 8.25%
Tata Consultancy Services Ltd. 0.40% ICICI Bank Ltd. 0.40% Total 100.00%
Kotak Mahindra Bank Ltd. 0.39% HDFC Ltd. 0.37%
Larsen and Toubro Ltd. 0.31% Hindustan Unilever Ltd. 0.32% Asset Mix
Asian Paints Ltd. 0.31% Tata Consultancy Services Ltd. 0.29%
ITC Ltd. 0.26% ITC Ltd. 0.24% Portfolio % to NAV
Other Equity 1.38% Other Equity 1.18% Equity 19%
Total 100.00% Total 100.00%
Asset Mix Asset Mix
Rating Profile
Equity 6% Equity 6%
Debt , Money Market & Others * 94% Debt , Money Market & Others * 94%
Rating Profile Rating Profile
34.70%
100.00%
26.79%
Sovereign
Sector Allocation
65.30% 73.21% Sector % to NAV
Sovereign AAA & Equivalent Central Government Securities 72.76%
Sovereign AAA & Equivalent Financial service activities, except
7.68%
Sector Allocation and related activities
Sector % to NAV Manufacture of coke and refined
Central Government Securities 42.32% petroleum products
Central Government Securities 52.04% Manufacture of chemicals and
Financial service activities, except Financial service activities, except 1.63%
18.85% 16.67% chemical products
insurance and pension funding insurance and pension funding
Manufacture of coke and refined Manufacture of tobacco products 0.82%
8.09% Manufacture of coke and refined Manufacture of
petroleum products pharmaceuticals,medicinal chemical 0.80%
Electricity, gas, steam and air Electricity, gas, steam and air
7.75% 3.97% and botanical products
conditioning supply conditioning supply
Computer programming, consultancy Manufacture of Basic Metals 0.72%
0.85% Manufacture of chemicals and Manufacture of other non-metallic
and related activities 1.08% 0.62%
chemical products mineral products
Manufacture of chemicals and Computer programming, consultancy
0.39% 0.74% Civil engineering 0.59%
chemical products and related activities
Civil engineering 0.31% Others 9.20%
Manufacture of tobacco products 0.24%
Manufacture of motor vehicles, trail- Manufacture of motor vehicles, trail-
0.29%
ers and semi-trailers ers and semi-trailers
Manufacture of tobacco products 0.26% Civil engineering 0.17%
Manufacture of
Others 17.97%
Others 20.74%
13
Life Product
Apex Pension 20 Return Lock-in Fund Apex Supreme Return Lock-in-Fund Apex Supreme Return Lock-in Fund II
II (ULIF 051 01/07/10 PR8 110) (ULIF 055 01/02/11 ASR 110) (ULIF 057 01/07/11 SR2 110)
Government Securities 51.44% Corporate Bonds 48.67% Corporate Bonds 51.02%
8.97% GOI 05-Dec-30 35.37% 9.48% REC Ltd. 10-Aug-21 6.70% 8.65% LIC Housing Finance Ltd.
8.47%
8.28% GOI 15-Feb-32 16.06% 6.99% HDFC Ltd. 25-Nov-21 5.62% 29-Sep-20
Equity 30.61% 8.65% LIC Housing Finance Ltd. 9.30% PGC Ltd. 28-Jun-21 7.55%
4.94% 9.38% EXIM BANK 29-Sep-21 6.85%
Reliance Industries Ltd. 3.74% 29-Sep-20
HDFC Bank Ltd 3.70% 9.30% PGC Ltd. 28-Jun-21 4.60% 6.99% HDFC Ltd. 25-Nov-21 5.53%
Asian Paints Ltd. 2.49% 9.50% SBI 04-Nov-25 9.48% REC Ltd. 10-Aug-21 5.31%
4.53% 9.50% SBI 04-Nov-25
Hindustan Unilever Ltd. 2.07% (Put-N.A Call-04-11-2020) 3.72%
ICICI Bank Ltd. 2.01% 9.38% EXIM BANK 29-Sep-21 3.48% (Put-N.A Call-04-11-2020)
Infosys Technologies Ltd. 1.99% 6.98% NABARD 30-Sep-20 3.35% 6.98% NABARD 30-Sep-20 3.66%
Kotak Mahindra Bank Ltd. 1.85% 8.50% IRFC Ltd. 22-Jun-20 3.12% 8.75% Reliance Industries Ltd.
3.65%
Tata Consultancy Services Ltd. 1.65% 8.10% NTPC Ltd. 27-May-21 2.95% 07-May-20
ITC Ltd. 1.42% 9.64% PGC Ltd. 31-May-20 2.23% 8.10% NTPC Ltd. 27-May-21 3.35%
Larsen and Toubro Ltd. 1.26% Other Corporate Bonds 7.15% 8.50% IRFC Ltd. 22-Jun-20 2.93%
Other Equity 8.42% Government Securities 38.72% Government Securities 33.92%
MMI & Others 17.95% 8.79% GOI 08-Nov-21 12.67% 8.79% GOI 08-Nov-21 17.32%
Total 100.00% 7.80% GOI 11-Apr-21 11.43% 7.80% GOI 11-Apr-21 13.92%
0.00% GOI 02-Jul-20 8.98% 8.27% GOI 09-Jun-20 2.68%
Asset Mix 8.27% GOI 09-Jun-20 5.64% MMI & Others 15.06%
MMI & Others 8.10% Total 100.00%
Portfolio % to NAV Equity 4.51%
Reliance Industries Ltd. 0.60% Asset Mix
Equity 31% HDFC Bank Ltd 0.54%
Debt , Money Market & Others * 69% HDFC Ltd. 0.44% Portfolio % to NAV
Infosys Technologies Ltd. 0.40% Equity -
*Money Market & Others includes current assets ICICI Bank Ltd. 0.39%
Tata Consultancy Services Ltd. 0.30% Debt , Money Market & Others * 100%
Rating Profile Hindustan Unilever Ltd. 0.28% *Money Market & Others includes current assets
ITC Ltd. 0.26%
Maruti Suzuki India Ltd. 0.20%
Rating Profile
State Bank of India 0.17%
Other Equity 0.94%
Total 100.00% 46.89%
Asset Mix
Portfolio % to NAV
100.00%
Equity 5%
Debt , Money Market & Others * 95% 53.11%
Sovereign
AAA & Equivalent Sovereign
Sector Allocation Rating Profile
Sector % to NAV
Central Government Securities 51.44% Sector Allocation
Financial service activities, except 46.98% Sector % to NAV
10.10%
Manufacture of chemicals and 36.47%
4.56% insurance and pension funding
chemical products Central Government Securities 33.92%
and related activities 10.90%
Manufacture of coke and refined conditioning supply
4.13% 53.02% Manufacture of coke and refined
Manufacture of petroleum products
pharmaceuticals,medicinal chemical 1.80% Others 15.06%
and botanical products AAA & Equivalent Sovereign
Manufacture of tobacco products 1.42% Modified Duration 1.00
Manufacture of motor vehicles, trail- Sector Allocation
1.12%
ers and semi-trailers Sector % to NAV
0.81% Central Government Securities 38.72%
mineral products
Others 19.18% 35.74%
Modified Duration 5.55 conditioning supply
10.68%
4.38%
petroleum products
0.78%
0.39%
chemical products
Manufacture of motor vehicles, trail-
0.24%
ers and semi-trailers
Others 8.48%
14
Life Product
Apex Supreme Return Lock-in Fund III Growth Fund Balanced Fund
(ULIF 059 01/11/11 SR3 110) (ULIF 004 04/02/04 TGL 110) (ULIF 005 04/02/04 TBL 110)
Corporate Bonds 47.49% Equity 62.40% Equity 40.42%
9.48% REC Ltd. 10-Aug-21 7.60% Reliance Industries Ltd. 7.56% Reliance Industries Ltd. 4.55%
8.10% NTPC Ltd. 27-May-21 6.56% HDFC Bank Ltd 5.42% HDFC Bank Ltd 3.55%
7.74% LIC Housing Finance Ltd. Infosys Technologies Ltd. 5.11% Infosys Technologies Ltd. 3.16%
4.97% ICICI Bank Ltd. 2.99%
05-Jun-20 Option I ICICI Bank Ltd. 4.35%
8.75% Reliance Industries Ltd. Bharti Airtel Ltd. 2.93% Bharti Airtel Ltd. 1.78%
4.09%
07-May-20 Tata Consultancy Services Ltd. 2.57% Kotak Mahindra Bank Ltd. 1.70%
8.50% IRFC Ltd. 22-Jun-20 3.23% Larsen and Toubro Ltd. 2.48% Tata Consultancy Services Ltd. 1.63%
6.98% NABARD 30-Sep-20 3.22% Kotak Mahindra Bank Ltd. 2.04% Larsen and Toubro Ltd. 1.55%
9.38% EXIM BANK 29-Sep-21 3.05% Ultratech Cement Ltd. 1.77% Axis Bank Ltd. 1.34%
9.30% PGC Ltd. 28-Jun-21 3.02% IPCA Laboratories Ltd. 1.76% Hindustan Unilever Ltd. 1.21%
9.50% SBI 04-Nov-25 Other Equity 26.42% Other Equity 16.96%
2.98%
(Put-N.A Call-04-11-2020) Government Securities 21.56% Government Securities 32.95%
6.99% HDFC Ltd. 25-Nov-21 2.95% 7.37% GOI 16-Apr-23 8.22% 7.37% GOI 16-Apr-23 13.21%
Other Corporate Bonds 5.82% 7.63% GOI 17-Jun-59 6.61% 7.63% GOI 17-Jun-59 9.83%
Government Securities 36.70% 8.83% GOI 25-Nov-23 1.46% 7.26% GOI 14-Jan-29 2.40%
8.79% GOI 08-Nov-21 21.12% 8.79% GOI 08-Nov-21 1.16% 8.79% GOI 08-Nov-21 2.27%
7.80% GOI 11-Apr-21 8.20% 8.17% GOI 01-Dec-44 0.99% 8.17% GOI 01-Dec-44 1.70%
8.27% GOI 09-Jun-20 7.38% 0.00% GOI 02-Jul-27 0.89% 0.00% GOI 02-Jul-27 1.56%
MMI & Others 15.81% 0.00% GOI 02-Jan-28 0.86% 0.00% GOI 02-Jan-28 1.51%
Total 100.00% 7.17% GOI 08-Jan-28 0.79% 7.17% GOI 08-Jan-28 0.48%
7.26% GOI 14-Jan-29 0.49% Corporate Bonds 18.72%
Asset Mix 8.22% NABARD 13-Dec-28 (GOI S) 6.30%
8.40% GOI 28-Jul-24 0.09%
Corporate Bonds 10.42% 8.45% IRFC Ltd. 04-Dec-28 4.75%
Portfolio % to NAV 8.45% IRFC Ltd. 04-Dec-28 3.89% 9.05% Reliance Industries Ltd.
3.93%
Equity - 8.22% NABARD 13-Dec-28 (GOI S) 3.13% 17-Oct-28
7.95% HDFC Bank Ltd. 21-Sep-26 2.01% 7.95% HDFC Bank Ltd. 21-Sep-26 3.75%
Debt , Money Market & Others * 100% 7.74% LIC Housing Finance Ltd. MMI & Others 7.91%
0.86% Total 100.00%
*Money Market & Others includes current assets 05-Jun-20 Option I
9.43% LIC Housing Finance Ltd.
0.54% Asset Mix
10-Feb-22
Rating Profile
MMI & Others 5.62%
Total 100.00% Portfolio % to NAV
50.50% Equity 40%
Asset Mix
Portfolio % to NAV *Money Market & Others includes current assets
Equity 62%
Debt , Money Market & Others * 38% Rating Profile
49.50%
32.14%
AAA & Equivalent Sovereign Rating Profile
Sector Allocation
28.38%
Sector % to NAV
insurance and pension funding Sovereign AAA & Equivalent
Electricity, gas, steam and air 13.62%
conditioning supply
Manufacture of coke and refined 71.62%
4.09% Sector Allocation
petroleum products
Others 15.82% Sovereign AAA & Equivalent Sector % to NAV
Modified Duration 0.89 Financial service activities, except
Sector % to NAV Manufacture of coke and refined
8.47%
Financial service activities, except petroleum products
25.20% Computer programming, consultancy
Central Government Securities 21.56% Infrastructure - Long Term Bonds
Computer programming, consultancy 3.75%
8.49% - BFSI
and related activities Manufacture of chemicals and
Manufacture of coke and refined 3.04%
7.56% chemical products
petroleum products Manufacture of
Manufacture of chemicals and pharmaceuticals,medicinal chemical 1.97%
4.46%
chemical products and botanical products
Manufacture of
pharmaceuticals,medicinal chemical 3.27% Manufacture of other non-metallic
and botanical products 1.56%
mineral products
Telecommunications 2.93% Civil engineering 1.55%
2.49% Others 16.83%
mineral products
Infrastructure - Long Term Bonds Modified Duration 5.73
2.01%
- BFSI
Others 19.55%
15
Life Product
Whole Life Short Term Fixed Income

Debt Funds Rating Profile Fund (ULIF 013 04/01/07 WLF 110)
Portfolio
Liquid Fund (ULIF 003 04/02/04 TLL 110) 21.44% Instrument % of NAV
Corporate Bonds 52.85%
Portfolio 8.595% LIC Housing Finance Ltd.
5.88%
Instrument % of NAV 1.94% 14-Jan-22
MMI & Others 100.00% 1.48% 8.50% NABARD 31-Jan-23 5.85%
8.5383% Bajaj Finance Ltd. 07-Jun-22 5.79%
Total 100.00%
7.87% Larsen & Toubro Ltd 18-Apr-22 5.71%
75.15% 8.80% Tata Capital Financial Services
Asset Mix 5.58%
Ltd. 27-Sep-21
8.30% Reliance Industries Ltd 08-Mar-22 5.35%
Sovereign AAA & Equivalent B AA+
Portfolio % to NAV 8.90% HDFC Ltd. 18-Aug-20 3.17%
Equity - 9.64% PGC Ltd. 31-May-20 2.53%
Maturity Profile 8.58% HDFC Ltd. 18-Mar-22 2.43%
9.30% PGC LTD. 28-Jun-20 1.82%
Years Percentage
*Money Market & Others includes current assets Other Corporate Bonds 8.73%
Less than 1 Year 12.41%
1-3 Years 1.92% Government Securities 35.31%
Sector Allocation 3-6 Years 14.20% 6.84% GOI 19-Dec-22 11.47%
8.13% GOI 16-Oct-21 11.12%
Sector % to NAV 6 Years and Above 71.47% 8.15% GOI 11-Jun-22 5.84%
Central Government Securities 60.61% 0.00% GOI 02-Jul-20 5.27%
Modified Duration 4.57 6.65% GOI 09-Apr-20 0.95%
20.89% 8.79% GOI 08-Nov-21 0.66%
Manufacture of coke and refined Short Term Fixed Income Fund MMI & Others 11.84%
7.49% Total 100.00%
petroleum products (ULIF 008 01/07/06 TFL 110)
Others 11.01%
Portfolio Asset Mix
Rating Profile Instrument % of NAV
Corporate Bonds 45.95% Portfolio % to NAV
8.30% Reliance Industries Ltd 08-Mar-22 7.76% Equity -
28.47% 8.58% HDFC Ltd. 18-Mar-22 7.09% Debt 88%
8.80% Tata Capital Financial Services
6.49% Money Market & Others * 12%
Ltd. 27-Sep-21
8.50% IRFC Ltd. 22-Jun-20 6.15% *Money Market & Others includes current assets
8.50% NABARD 31-Jan-23 5.03%
8.5383% Bajaj Finance Ltd. 07-Jun-22 4.98% Sector Allocation
8.595% LIC Housing Finance Ltd. Sector % to NAV
4.24%
71.53% 14-Jan-22 Central Government Securities 35.31%
7.87% Larsen & Toubro Ltd 18-Apr-22 4.21% Financial service activities, except
Government Securities 30.06% 32.88%
Sovereign A1+ insurance and pension funding
8.13% GOI 16-Oct-21 13.28% Manufacture of coke and refined
6.62%
Maturity Profile 6.84% GOI 19-Dec-22 10.43% petroleum products
8.15% GOI 11-Jun-22 5.43% Electricity, gas, steam and air
Years Percentage 5.88%
0.00% GOI 02-Jul-20 0.92% conditioning supply
Less than 1 Year 100.00% Civil engineering 5.71%
MMI & Others 23.99%
Total 100.00% Manufacture of food products 1.76%
Income Fund (ULIF 002 04/02/04 TIL 110) Asset Mix Rating Profile
Portfolio Portfolio % to NAV

Instrument % of NAV 45.09%
Equity -
Government Securities 68.16%
7.26% GOI 14-Jan-29 36.84%
6.65% GOI 09-Apr-20 7.79% * Exposure to Debt includes Cash & Money Market
6.35% GOI 23-Dec-24 5.82% ** Cash & Money Market includes current assets
6.45% GOI 07-Oct-29 4.20%
0.00% GOI 02-Jan-24 2.43%
0.00% GOI 02-Jul-24 2.42% Sector Allocation
54.91%
0.00% GOI 26-Apr-26 2.02% Sector % to NAV
0.00% GOI 26-Oct-26 1.94% Financial service activities, except
0.00% GOI 26-Apr-27 1.87% 33.99% AAA & Equivalent Sovereign
0.00% GOI 26-Oct-27 1.80% Central Government Securities 30.06%
Other Government Securities 1.05% Manufacture of coke and refined Maturity Profile
Corporate Bonds 28.27% 7.76%
petroleum products
9.05% Reliance Industries Ltd. 17-Oct-28 7.10% Years Percentage
8.24% PGC Ltd. 14-Feb-29 (GOI S) 5.69% Less than 1 Year 30.08%
Others 23.99%
7.85% IRFC Ltd. 01-Jul-34 2.94% 1-3 Years 68.96%
8.54% REC Ltd. 15-Nov-28 (GOI S) 2.89% 3-6 Years 0.96%
7.40% HDFC Ltd. 28-Feb-30 2.52% Rating Profile
8.85% Yes Bank Ltd. 24-Feb-25 2.20% Modified Duration 1.41
8.85% Tata AIG Gen.Ins.Co.Ltd.
19-Dec-29 (Call-19-12-2024)
1.68% Whole Life Income Fund
8.49% NTPC Ltd. 25-Mar-25 1.33%
47.12% (ULIF 012 04/01/07 WLI 110)
MMI & Others 3.57% Portfolio
Total 100.00%
Instrument % of NAV
Asset Mix Government Securities 66.68%
7.26% GOI 14-Jan-29 38.70%
Portfolio % to NAV 6.65% GOI 09-Apr-20 7.41%
52.88% 6.35% GOI 23-Dec-24 4.70%
Equity - 6.45% GOI 07-Oct-29 4.09%
Debt,Money Market & Others * 100% 0.00% GOI 02-Jan-24 1.88%
0.00% GOI 02-Jul-24 1.82%
*Money Market & Others includes current assets 0.00% GOI 26-Apr-26 1.59%
0.00% GOI 26-Oct-26 1.53%
Sector Allocation Maturity Profile 0.00% GOI 26-Apr-27 1.47%
0.00% GOI 26-Oct-27 1.42%
Sector % to NAV Years Percentage Other Government Securities 2.06%
Central Government Securities 68.16% Less than 1 Year 31.06% Corporate Bonds 24.73%
Financial service activities, except 9.05% Reliance Industries Ltd. 17-Oct-28 6.35%
12.24% 1-3 Years 68.94%
insurance and pension funding 8.24% PGC Ltd. 14-Feb-29 (GOI S) 5.08%
Manufacture of coke and refined 7.10% 8.54% REC Ltd. 15-Nov-28 (GOI S) 2.60%
petroleum products Modified Duration 1.30 7.40% HDFC Ltd. 28-Feb-30 2.55%
Electricity, gas, steam and air 7.01% 7.85% IRFC Ltd. 01-Jul-34 2.54%
conditioning supply
Civil engineering 1.92% 8.85% Yes Bank Ltd. 24-Feb-25 1.57%
Others 3.57% 8.85% Tata AIG Gen.Ins.Co.Ltd.
1.56%
19-Dec-29 (Call-19-12-2024)
8.49% NTPC Ltd. 25-Mar-25 1.00%
MMI & Others 8.59%
Total 100.00%
16
Life Product
Whole Life Income Fund Future Income Pension Fund Discontinued Policy Fund
(ULIF 012 04/01/07 WLI 110) (ULIF 022 04/02/08 FIP 110) (ULIF 053 07/01/11 DCF 110)
Asset Mix Rating Profile Portfolio
Portfolio % to NAV Instrument % of NAV
Equity - 25.92% MMI & Others 100.00%
Debt 91% Total 100.00%
2.12% Asset Mix
*Money Market & Others includes current assets 2.04%

Sector Allocation Portfolio % to NAV
Sector % to NAV Equity -
69.93%
Central Government Securities 66.68% Debt , Money Market & Others * 100%
Financial service activities, except Sovereign AAA & Equivalent B AA+ *Money Market & Others includes current assets
10.83%
6.35% Maturity Profile
petroleum products Sector Allocation
Electricity, gas, steam and air Years Percentage Sector % to NAV
6.08%
conditioning supply Less than 1 Year 13.28% Central Government Securities 85.45%
Civil engineering 1.48% 1-3 Years 2.07% Financial service activities, except
3-6 Years 15.61% 8.81%
Others 8.59% insurance and pension funding
6 Years and Above 69.05% Manufacture of coke and refined
2.94%
petroleum products
Rating Profile
Bond Fund (ULIF 030 12/01/09 IBF 110)
Rating Profile
Portfolio
19.18%
Instrument % of NAV
1.40% 7.26% GOI 14-Jan-29 38.25%
1.38% 6.65% GOI 09-Apr-20 7.61%
11.73%
6.35% GOI 23-Dec-24 5.57%
6.45% GOI 07-Oct-29 4.21%
78.05% 0.00% GOI 02-Jan-24 3.04%
0.00% GOI 02-Jul-24 2.95%
0.00% GOI 26-Apr-26 1.98%
Sovereign AAA & Equivalent B AA+ 0.00% GOI 26-Oct-26 1.90% 88.27%
0.00% GOI 26-Apr-27 1.83%
0.00% GOI 26-Oct-27 1.77% Sovereign A1+
Maturity Profile Other Government Securities 0.99%
Years Percentage Corporate Bonds 26.40%
Less than 1 Year 16.96% 9.05% Reliance Industries Ltd. Maturity Profile
7.41%
1-3 Years 1.48% 17-Oct-28
8.24% PGC Ltd. 14-Feb-29 (GOI S) 5.72% Years Percentage
3-6 Years 10.98% 8.54% REC Ltd. 15-Nov-28 (GOI S) 2.91% Less than 1 Year 100.00%
6 Years and Above 70.57% 7.85% IRFC Ltd. 01-Jul-34 2.80%
8.85% Yes Bank Ltd. 24-Feb-25 1.99%
Modified Duration 4.49 8.85% Tata AIG Gen.Ins.Co.Ltd. Modified Duration 0.54
1.44%
Future Income Pension Fund 19-Dec-29 (Call-19-12-2024)
8.49% NTPC Ltd. 25-Mar-25 1.42%
(ULIF 022 04/02/08 FIP 110) 7.87% Larsen & Toubro Ltd 18-Apr-22 1.37% Policyholders Unclaimed Fund
Portfolio 7.40% HDFC Ltd. 28-Feb-30 1.35% (ULIF 063 01/04/16 UCF 110)
MMI & Others 3.50%
Instrument % of NAV Total 100.00% Portfolio
7.26% GOI 14-Jan-29 30.59% Instrument % of NAV
6.65% GOI 09-Apr-20 8.16% Asset Mix MMI & Others 100.00%
6.35% GOI 23-Dec-24 6.03% Total 100.00%
Portfolio % to NAV
6.45% GOI 07-Oct-29 4.20%
0.00% GOI 02-Jan-24 3.02% Equity -
0.00% GOI 02-Jul-24 2.69% Asset Mix
0.00% GOI 26-Apr-26 2.16%
0.00% GOI 26-Oct-26 2.08% *Money Market & Others includes current assets Portfolio % to NAV
0.00% GOI 26-Apr-27 2.00%
0.00% GOI 26-Oct-27 1.94% Sector Allocation Equity -
Other Government Securities 1.06% Sector % to NAV Debt Money Market & Others * 100%
Corporate Bonds 32.00%
9.05% Reliance Industries Ltd. Central Government Securities 70.10%
7.84%
17-Oct-28 Financial service activities, except *Money Market & Others includes current assets
8.24% PGC Ltd. 14-Feb-29 (GOI S) 6.49% 10.48%
7.85% IRFC Ltd. 01-Jul-34 4.23% Manufacture of coke and refined
8.54% REC Ltd. 15-Nov-28 (GOI S) 3.30% 7.41% Sector Allocation
petroleum products
8.85% Yes Bank Ltd. 24-Feb-25 2.25% Electricity, gas, steam and air Sector % to NAV
8.85% Tata AIG Gen.Ins.Co.Ltd. 7.15%
2.17% conditioning supply Central Government Securities 74.58%
19-Dec-29 (Call-19-12-2024) Financial service activities, except
7.87% Larsen & Toubro Ltd 18-Apr-22 2.07% Civil engineering 1.37% 14.89%
7.40% HDFC Ltd. 28-Feb-30 2.04% insurance and pension funding
Others 3.51% Manufacture of coke and refined
8.49% NTPC Ltd. 25-Mar-25 1.61% 4.45%
MMI & Others 4.06% petroleum products
Total 100.00% Others 6.08%
Rating Profile
Asset Mix
Rating Profile
Portfolio % to NAV 20.01%
Equity -
Debt , Money Market & Others * 100% 1.73% 19.27%
1.25%
* Exposure to Debt includes Cash & Money Market
** Cash & Money Market includes current assets
77.01%
Sector Allocation
Sector % to NAV Sovereign AAA & Equivalent B AA+
80.73%
Sovereign A1+
Financial service activities, except Maturity Profile
13.99%
insurance and pension funding Years Percentage
Electricity, gas, steam and air Maturity Profile
8.10% Less than 1 Year 12.11%
conditioning supply 1-3 Years 1.37% Years Percentage
Manufacture of coke and refined Less than 1 Year 100.00%
7.84% 3-6 Years 14.96%
petroleum products 6 Years and Above 71.56%
Civil engineering 2.07% Modified Duration 0.47
Others 4.05% Modified Duration 4.54
17
Life Product
Pension Funds Short Term Fixed Income Fund

(ULGF 004 01/07/06 S1 110)
Maturity Profile
Years Percentage
Less than 1 Year 14.53%
Equity Fund (ULGF 001 02/03/04 E1 110) Rating Profile
1-3 Years 1.59%
Portfolio
3-6 Years 13.57%
Instrument % to NAV 6 Years and Above 70.32%
Equity 87.49% 46.44%
Reliance Industries Ltd. 8.53%
HDFC Bank Ltd. 7.03% Modified Duration 4.52
Nippon India ETF Bank BeES 5.66%
Infosys Technologies Ltd. 5.27% Liquid Fund (ULGF 003 02/03/04 L1 110)
ITC Ltd. 4.50% Portfolio
Larsen and Toubro Ltd. 3.77% 53.56% Instrument % of NAV
Asian Paints Ltd. 3.69% MMI & Others 100.00%
Tata Consultancy Services Ltd. 3.61% Sovereign AAA & Equivalent Total 100.00%
Hindustan Unilever Ltd. 3.56%
Other Equity 37.69% Asset Mix
Maturity Profile
MMI & Others 12.51%
Total 100.00% Years Percentage Portfolio % to NAV
Less than 1 Year 32.52% Equity -
1-3 Years 67.48% Money Market & Others * 100%
Modified Duration 1.29 *Money Market & Others includes current assets
Income Fund (ULGF 002 02/03/04 I1 110) Sector Allocation

Portfolio Sector % to NAV
Asset Mix Central Government Securities 52.90%
Instrument % of NAV Financial service activities, except
Government Securities 66.24% 17.68%
Portfolio % to NAV Manufacture of coke and refined
7.26% GOI 14-Jan-29 36.16% 5.81%
Equity 87% petroleum products
6.65% GOI 09-Apr-20 7.70%
Others 23.61%
Money Market & Others * 13% 6.35% GOI 23-Dec-24 5.45%
6.45% GOI 07-Oct-29 4.17%
*Money Market & Others includes current assets Rating Profile
0.00% GOI 02-Jan-24 2.48%

0.00% GOI 02-Jul-24 2.41%
Sector Allocation
0.00% GOI 26-Apr-26 1.81%
Sector % to NAV 0.00% GOI 26-Oct-26 1.74% 23.54%
Financial service activities, except 0.00% GOI 26-Apr-27 1.67%
25.99%
Manufacture of coke and refined 0.00% GOI 26-Oct-27 1.61%
10.00%
petroleum products Other Government Securities 1.05%
Computer programming, consultancy Corporate Bonds 27.98%
8.89%
Manufacture of chemicals and 9.05% Reliance Industries Ltd.
7.25% 7.28%
chemical products 17-Oct-28 76.46%
Manufacture of tobacco products 4.50% 8.24% PGC Ltd. 14-Feb-29 (GOI S) 5.85%
Civil engineering 3.77% 8.54% REC Ltd. 15-Nov-28 (GOI S) 2.95% Sovereign A1+
Manufacture of food products 2.99% 7.85% IRFC Ltd. 01-Jul-34 2.71%
Telecommunications 2.77% 7.40% HDFC Ltd. 28-Feb-30 2.64% Maturity Profile
Electricity, gas, steam and air 8.85% Yes Bank Ltd. 24-Feb-25 2.11%
2.63% Years Percentage
conditioning supply 8.85% Tata AIG Gen.Ins.Co.Ltd.
Manufacture of 1.74% Less than 1 Year 100.00%
pharmaceuticals,medicinal chemical 2.37% 19-Dec-29 (Call-19-12-2024)
and botanical products 7.87% Larsen & Toubro Ltd 18-Apr-22 1.59%
Others 28.85% 8.49% NTPC Ltd. 25-Mar-25 1.12% Modified Duration 0.41
MMI & Others 5.77%
Bond Fund (ULGF 005 17/08/07 BO 110)
Short Term Fixed Income Fund Total 100.00%
(ULGF 004 01/07/06 S1 110) Portfolio
Instrument % of NAV
Portfolio Government Securities 67.97%
Instrument % of NAV Asset Mix 7.26% GOI 14-Jan-29 37.37%
Corporate Bonds 45.32% 6.65% GOI 09-Apr-20 7.86%
Portfolio % to NAV
6.35% GOI 23-Dec-24 5.52%
8.30% Reliance Industries Ltd 08-Mar-22 7.73%
7.87% Larsen & Toubro Ltd 18-Apr-22 6.59% Equity - 6.45% GOI 07-Oct-29 4.16%
8.50% IRFC Ltd. 22-Jun-20 6.42% Debt , Money Market & Others * 100% 0.00% GOI 02-Jan-24 2.56%
8.50% NABARD 31-Jan-23 5.63% 0.00% GOI 02-Jul-24 2.49%
8.80% Tata Capital Financial Services *Money Market & Others includes current assets
5.61% 0.00% GOI 26-Apr-26 1.84%
Ltd. 27-Sep-21
8.5383% Bajaj Finance Ltd. 07-Jun-22 5.57% Sector Allocation 0.00% GOI 26-Oct-26 1.77%
8.595% LIC Housing Finance Ltd. Sector % to NAV 0.00% GOI 26-Apr-27 1.70%
4.43%
14-Jan-22 Central Government Securities 66.24% 0.00% GOI 26-Oct-27 1.64%
8.58% HDFC Ltd. 18-Mar-22 3.33% Other Government Securities 1.06%
Government Securities 32.59% 12.15% Corporate Bonds 27.44%
8.13% GOI 16-Oct-21 12.21% Manufacture of coke and refined 9.05% Reliance Industries Ltd.
7.28% 7.18%
6.84% GOI 19-Dec-22 10.73% petroleum products 17-Oct-28
8.15% GOI 11-Jun-22 5.64% Electricity, gas, steam and air 8.24% PGC Ltd. 14-Feb-29 (GOI S) 6.00%
6.97%
conditioning supply
0.00% GOI 02-Jul-20 4.01% 8.54% REC Ltd. 15-Nov-28 (GOI S) 2.98%
MMI & Others 22.09% 7.85% IRFC Ltd. 01-Jul-34 2.87%
Total 100.00% Others 5.77% 7.40% HDFC Ltd. 28-Feb-30 2.64%
8.85% Tata AIG Gen.Ins.Co.Ltd.
1.74%
Asset Mix 19-Dec-29 (Call-19-12-2024)
Rating Profile 7.87% Larsen & Toubro Ltd 18-Apr-22 1.66%
Portfolio % to NAV 8.85% Yes Bank Ltd. 24-Feb-25 1.20%
Equity - 8.49% NTPC Ltd. 25-Mar-25 1.19%
Debt , Money Market & Others * 100% 21.46% MMI & Others 4.59%
Total 100.00%

1.54%
Asset Mix
Sector % to NAV
Central Government Securities 32.59% Portfolio % to NAV
Financial service activities, except Equity -
31.00% 75.11%
Manufacture of coke and refined Debt , Money Market & Others * 100%
7.73%
petroleum products Sovereign AAA & Equivalent B AA+
Civil engineering 6.59% *Money Market & Others includes current assets
Others 22.09%
18
Life Product
Bond Fund (ULGF 005 17/08/07 BO 110) Asset Mix Sector Allocation
Sector % to NAV
Sector Allocation Portfolio % to NAV Financial service activities, except
17.94%
Sector % to NAV Equity 9% Manufacture of chemicals and chemical
10.63%
Central Government Securities 67.97% Debt , Money Market & Others * 91% products
Financial service activities, except Computer programming, consultancy
11.42% *Money Market & Others includes current assets 9.44%
insurance and pension funding and related activities
Electricity, gas, steam and air Manufacture of coke and refined
7.19% Sector Allocation 5.97%
conditioning supply petroleum products
Manufacture of coke and refined Sector % to NAV Manufacture of electrical equipment 5.97%
7.18% Manufacture of
petroleum products Central Government Securities 56.52%
Civil engineering 1.66% Financial service activities, except pharmaceuticals,medicinal chemical and 5.28%
16.91% botanical products
Others 4.59% Manufacture of coke and refined Manufacture of rubber and plastics
8.18% 5.02%
petroleum products products
Infrastructure - Long Term Bonds - BFSI 5.29% Manufacture of food products 4.82%
Computer programming, consultancy Telecommunications 3.54%
1.27%
Rating Profile and related activities Air transport 2.86%
Manufacture of chemicals and chemical Others 28.53%
0.89%
products
21.63% Manufacture of other non-metallic GROUP INCOME ADVANTAGE FUND
0.41% (ULGF 010 28/03/18 GRP INC ADVT 110)
mineral products
Portfolio
0.32% Instrument % of NAV
1.06% conditioning supply
Others 9.35% Government Securities 76.79%
7.72% GOI 15-Jun-49 27.57%
75.78% Rating Profile 7.80% GOI 03-May-20 25.61%
7.26% GOI 14-Jan-29 23.60%
Sovereign AAA & Equivalent AA+ B MMI & Others 23.21%
29.04% Total 100.00%
Asset Mix
Maturity Profile Portfolio % to NAV

Years Percentage
Less than 1 Year 13.52% Equity -
70.96%
1-3 Years 1.66% Debt , Money Market & Others * 100%
3-6 Years 12.96% Sovereign AAA & Equivalent *Money Market & Others includes current assets
6 Years and Above 71.87%
Modified Duration 6.22 Maturity Profile

Modified Duration 4.55 Years Percentage
GROUP PREMIER EQUITY FUND Less than 1 Year 48.82%
(ULGF 009 28/03/18 GRP PREM EQU 110) 6 Years and Above 51.18%
Balanced Fund
(ULGF 006 17/08/07 BL 110) Portfolio
Portfolio
Instrument % of NAV Modified Duration 6.32
Equity 79.74%
Instrument % of NAV HDFC Bank Ltd. 6.93%
Government Securities 56.52% Hindustan Unilever Ltd. 6.16% Sector Allocation
7.63% GOI 17-Jun-59 16.83% Reliance Industries Ltd. 5.97% Sector % to NAV
7.37% GOI 16-Apr-23 13.22% Siemens Ltd. 5.97% Central Government Securities 76.79%
0.00% GOI 02-Jul-27 9.67% Torrent Pharmaceuticals Ltd. 5.28% Others 23.21%
0.00% GOI 02-Jan-28 9.35% Astral Poly Technik Ltd. 5.02%
8.83% GOI 25-Nov-23 3.02% Tata Consultancy Services Ltd. 4.89%
8.40% GOI 28-Jul-24 2.88% Rating Profile
Dabur India Ltd. 4.82%
7.26% GOI 14-Jan-29 0.70% Tech Mahindra Ltd. 4.55%
8.79% GOI 08-Nov-21 0.50% Asian Paints Ltd. 4.47%
7.17% GOI 08-Jan-28 0.36% Other Equity 25.67%
Corporate Bonds 25.78% MMI & Others 20.26%
8.22% NABARD 13-Dec-28 (GOI S) 7.28% Total 100.00%
9.05% Reliance Industries Ltd.
6.72%
17-Oct-28
7.95% HDFC Bank Ltd. 21-Sep-26 5.29% 100.00%
Asset Mix
9.09% IRFC Ltd. 29-Mar-26 2.54%
8.45% IRFC Ltd. 04-Dec-28 2.44%
7.74% LIC Housing Finance Ltd. Portfolio % to NAV
1.51%
05-Jun-20 Option I Equity 80% Sovereign
Equity 9.42%
Reliance Industries Ltd. 1.30% Money Market & Others * 20%
HDFC Bank Ltd 1.29% *Money Market & Others includes current assets
Infosys Technologies Ltd. 0.61%
Hindustan Unilever Ltd. 0.52%
Kotak Mahindra Bank Ltd. 0.47%
ITC Ltd. 0.46%
Tata Consultancy Services Ltd. 0.41%
Larsen and Toubro Ltd. 0.39%
Asian Paints Ltd. 0.38%
Other Equity 3.10%
MMI & Others 8.28%
Total 100.00%
19
Life Product
Returns Note: The investment income and prices may go down as well as up. “2 Year”, “3 Year”, “4 Year”, “5 Year” and “Since
Inception” period returns are calculated as per CAGR.
Change (%)
Scheme Name 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 Since

Life Funds Last 1 Year Last 2 Years Last 3 Years Last 4 Years Last 5 Years Inception
Equity Fund NAV 52.4663 -23.52% -6.45% -1.57% 3.23% 0.97% 10.84%
(ULIF 001 04/02/04 TEL 110) Index 29468.49 -23.80% -5.46% -0.17% 3.84% 1.06% 10.78%
Whole Life Mid Cap Equity Fund NAV 37.9048 -19.24% -9.64% -2.67% 5.34% 3.43% 10.60%
(ULIF 009 04/01/07 WLE 110) Index 11703.75 -35.90% -21.01% -12.04% -2.12% -2.08% 6.53%
Large Cap Equity Fund NAV 20.2897 -21.88% -5.02% -0.25% 4.29% 1.83% 5.96%
(ULIF 017 07/01/08 TLC 110) Index 8597.75 -26.03% -7.80% -2.14% 2.67% 0.25% 2.71%
Future Equity Pension Fund NAV 24.2249 -21.69% -5.18% 0.51% 5.93% 3.32% 7.56%
(ULIF 020 04/02/08 FEP 110) Index 8597.75 -26.03% -7.80% -2.14% 2.67% 0.25% 4.85%
Select Equity Fund NAV 37.8194 -20.67% -9.92% -1.62% 4.70% 2.36% 12.26%
(ULIF 024 06/10/08 TSE 110) Index 2461.79 -17.84% -8.90% -1.26% 4.06% 2.78% 10.16%
Future Select Equity Fund NAV 36.3573 -23.13% -11.46% -2.42% 4.22% 2.00% 11.90%
(ULIF 023 06/10/08 FSE 110) Index 2461.79 -17.84% -8.90% -1.26% 4.06% 2.78% 10.90%
Top 50 Fund NAV 28.0857 -26.34% -7.99% -2.18% 2.79% 0.89% 9.64%
(ULIF 026 12/01/09 ITF 110) Index 8597.75 -26.03% -7.80% -2.14% 2.67% 0.25% 10.61%
Top 200 Fund NAV 38.3530 -18.78% -4.56% 0.26% 5.49% 2.84% 12.73%
(ULIF 027 12/01/09 ITT 110) Index 3609.83 -26.44% -9.76% -3.30% 2.59% 0.41% 11.25%
Infrastructure Fund NAV 14.3002 -24.73% -12.57% -5.47% 1.33% -1.32% 3.48%
(ULIF 034 16/10/09 TIS 110) Index 8597.75 -26.03% -7.80% -2.14% 2.67% 0.25% 5.20%
Super Select Equity Fund NAV 26.1832 -18.88% -8.84% -0.62% 5.64% 3.21% 9.65%
(ULIF 035 16/10/09 TSS 110) Index 2461.79 -17.84% -8.90% -1.26% 4.06% 2.78% 7.05%
Super Select Equity Pension Fund NAV 23.6444 -22.96% -11.31% -2.35% 4.35% 1.98% 8.78%
(ULIF 037 04/01/10 FSS 110) Index 2461.79 -17.84% -8.90% -1.26% 4.06% 2.78% 6.60%
India Consumption Fund NAV 14.1105 -15.32% -2.38% 4.04% 9.78% - 7.97%
(ULIF 061 15/07/14 ICF 110) Index 3609.83 -26.44% -9.76% -3.30% 2.59% - 1.17%
Multi Cap Fund NAV 14.2144 -16.65% -1.98% 3.97% 10.00% - 8.15%
(ULIF 060 15/07/14 MCF 110) Index 3609.83 -26.44% -9.76% -3.30% 2.59% - 1.17%
Liquid Fund NAV 27.3813 5.35% 5.60% 5.52% 5.69% 5.98% 6.46%
(ULIF 003 04/02/04 TLL 110) Index 3285.92 6.39% 7.01% 6.95% 6.99% 7.20% 7.02%
Income Fund NAV 31.1021 11.63% 9.64% 8.05% 8.82% 8.50% 7.30%
(ULIF 002 04/02/04 TIL 110) Index 3564.11 12.65% 9.64% 8.11% 8.85% 8.73% 7.04%
Short Term Fixed Income Fund NAV 26.5986 8.13% 7.69% 7.05% 7.27% 7.35% 7.38%
(ULIF 008 01/07/06 TFL 110) Index 3611.60 9.82% 8.68% 7.84% 8.15% 8.22% 8.07%
Whole Life Short Term Fixed Income NAV 26.1935 8.25% 7.85% 7.24% 7.46% 7.56% 7.60%
Fund (ULIF 013 04/01/07 WLF 110) Index 3611.60 9.82% 8.68% 7.84% 8.15% 8.22% 8.18%
Whole Life Income Fund NAV 28.8399 12.23% 10.20% 8.55% 9.28% 8.89% 8.38%
(ULIF 012 04/01/07 WLI 110) Index 3564.11 12.65% 9.64% 8.11% 8.85% 8.73% 7.96%
Future Income Pension Fund NAV 26.2978 11.81% 9.93% 8.30% 9.07% 8.74% 8.30%
(ULIF 022 04/02/08 FIP 110) Index 3564.11 12.65% 9.64% 8.11% 8.85% 8.73% 8.00%
Bond Fund NAV 24.2007 11.57% 9.71% 8.06% 8.93% 8.54% 8.20%
(ULIF 030 12/01/09 IBF 110) Index 3564.11 12.65% 9.64% 8.11% 8.85% 8.73% 7.98%
Apex Pension 20 Investment Fund NAV
10.0000 -0.01% -0.02% 0.00% -0.04% -0.01% 0.00%
(ULIF 041 20/01/10 PI4 110) Index
Discontinued Policy Fund NAV
19.4668 5.75% 6.08% 6.16% 6.39% 6.74% 7.50%
(ULIF 053 07/01/11 DCF 110) Index
Apex Supreme Investment Fund II NAV
- - - - - - -
(ULIF 056 01/07/11 SI2 110) Index
Apex Supreme Investment Fund III NAV
- - - - - - -
(ULIF 058 01/11/11 SI3 110) Index
Aggressive Growth Fund NAV 30.9838 -11.85% -0.60% 2.94% 6.94% 5.06% 8.58%
(ULIF 006 01/07/06 TAL 110) Index - -11.04% -0.17% 2.73% 5.60% 3.74% 7.81%
Stable Growth Fund NAV 30.1449 -3.88% 2.92% 4.54% 7.11% 5.87% 8.36%
(ULIF 007 01/07/06 TSL 110) Index - -1.93% 3.60% 4.80% 6.85% 5.66% 7.82%
Whole Life Aggressive Growth Fund NAV 31.4914 -11.81% -0.99% 3.01% 7.49% 5.46% 9.06%
(ULIF 010 04/01/07 WLA 110) Index - -12.50% -1.69% 1.45% 4.83% 3.22% 6.58%
Whole Life Stable Growth Fund NAV 28.4744 0.28% 4.64% 5.78% 8.43% 6.85% 8.24%
(ULIF 011 04/01/07 WLS 110) Index - -2.83% 2.67% 4.01% 6.38% 5.34% 7.07%
Growth Maximiser Fund NAV 17.8749 -11.64% -0.35% 2.85% 5.95% 4.26% 4.78%
(ULIF 016 17/10/07 TGM 110) Index - -12.50% -1.69% 1.45% 4.83% 3.22% 4.98%
Growth Enabler Fund NAV 20.7369 -3.67% 3.14% 4.21% 6.22% 5.00% 6.05%
(ULIF 015 17/10/07 TGE 110) Index - -2.83% 2.67% 4.01% 6.38% 5.34% 6.04%
Capital Guarantee Fund NAV 22.7126 6.74% 7.17% 6.17% 7.39% 6.73% 6.83%
(ULIF 014 17/10/07 TCG 110) Index - 6.84% 7.03% 6.57% 7.92% 7.45% 7.27%
Future Capital Guarantee Pension NAV 22.0121 6.42% 6.92% 5.92% 7.15% 6.54% 6.73%
Fund (ULIF 019 04/02/08 FCG 110) Index - 6.84% 7.03% 6.57% 7.92% 7.45% 7.42%
Future Growth Pension Fund NAV 24.2569 0.89% 5.69% 6.08% 7.82% 6.58% 7.58%
(ULIF 021 04/02/08 FGP 110) Index - 1.04% 4.41% 5.04% 6.99% 6.18% 6.83%
Future Balanced Pension Fund NAV 24.3324 7.50% 7.98% 6.80% 7.86% 7.25% 7.61%
(ULIF 018 04/02/08 FBP 110) Index - 8.78% 7.90% 7.09% 8.23% 7.88% 7.61%
110% Capital Guarantee Fund NAV 19.4188 6.03% 5.97% 5.00% 6.29% 5.68% 6.00%
(ULIF 025 10/11/08 UCX 110) Index - 6.84% 7.03% 6.57% 7.92% 7.45% 8.72%
Aggressive Flexi Fund NAV 21.6670 -4.38% 2.98% 4.29% 6.50% 5.21% 7.13%
(ULIF 028 12/01/09 IAF 110) Index - -0.89% 3.54% 4.52% 6.69% 5.76% 8.91%
Stable Flexi Fund NAV 22.0637 4.80% 6.72% 6.08% 7.45% 6.76% 7.31%
(ULIF 029 12/01/09 ISF 110) Index - 6.84% 7.03% 6.57% 7.92% 7.45% 8.39%
Apex Return Lock-in-Fund NAV
- - - - - - -
(ULIF 032 18/02/09 ARL 110) Index
Apex Return Lock-in-Fund II NAV
- - - - - - -
(ULIF 033 03/08/09 AR2 110) Index
Super 110% Capital Guarantee Fund NAV 20.6209 6.85% 7.37% 6.41% 7.54% 6.87% 7.24%
(ULIF 036 23/11/09 UCS 110) Index - 6.84% 7.03% 6.57% 7.92% 7.45% 7.81%
20
Life Product
Returns Note: The investment income and prices may go down as well as up. “2 Year”, “3 Year”, “4 Year”, “5 Year” and “Since Incep-
tion” period returns are calculated as per CAGR.
Change (%)
31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 Since

Scheme Name Last 1 Year Last 2 Years Last 3 Years Last 4 Years Last 5 Years Inception
Life Funds
Apex Plus Return Lock-in-Fund NAV

21.2387 2.87% 5.73% 6.03% 7.46% 6.06% 7.91%
(ULIF 047 01/02/10 RA1 110) Index
Apex Pension Return Lock-in Fund NAV
20.9184 1.70% 4.91% 5.33% 6.91% 5.65% 7.74%
(ULIF 042 20/01/10 PR1 110) Index
Apex Pension 10 Return Lock-in Fund NAV
21.1657 2.25% 5.43% 5.74% 7.26% 5.89% 7.87%
(ULIF 043 20/01/10 PR2 110) Index
21.0263 -1.20% 5.57% 5.83% 7.64% 5.74% 7.80%
(ULIF 044 20/01/10 PR3 110) Index
20.8253 -5.65% 3.20% 4.57% 7.03% 4.81% 7.69%
(ULIF 045 20/01/10 PR4 110) Index
Apex Plus Return Lock-in-Fund II NAV
18.8385 2.43% 5.01% 5.57% 7.26% 5.81% 6.85%
(ULIF 052 01/07/10 RA2 110) Index
Apex Pension Return Lock-in Fund II NAV
19.0618 2.44% 5.00% 5.37% 7.02% 5.68% 6.98%
(ULIF 048 01/07/10 PR5 110) Index
18.7018 2.80% 4.74% 5.12% 6.72% 5.39% 6.77%
II (ULIF 049 01/07/10 PR6 110) Index
19.4381 -1.20% 5.45% 5.65% 7.54% 5.69% 7.20%
II (ULIF 050 01/07/10 PR7 110) Index
18.9158 -4.69% 3.89% 5.01% 7.18% 4.96% 6.89%
II (ULIF 051 01/07/10 PR8 110) Index
Apex Supreme Return Lock-in-Fund NAV
20.1251 3.46% 6.03% 6.24% 7.72% 5.99% 8.18%
(ULIF 055 01/02/11 ASR 110) Index
Apex Supreme Return Lock-in Fund NAV
22.0637 5.05% 7.33% 7.22% 8.47% 6.51% 9.78%
II (ULIF 057 01/07/11 SR2 110) Index
Apex Supreme Return Lock-in Fund NAV
21.3808 3.21% 6.52% 6.80% 8.38% 6.38% 9.78%
III (ULIF 059 01/11/11 SR3 110) Index
Growth Fund (ULIF 004 04/02/04 NAV 47.7420 -12.95% -1.58% 2.20% 6.23% 4.58% 10.20%
TGL 110) Index - -11.04% -0.17% 2.73% 5.60% 3.74% 9.47%
Balanced Fund (ULIF 005 04/02/04 NAV 39.2949 -5.89% 1.84% 3.75% 6.62% 5.48% 8.87%
TBL 110) Index - -1.93% 3.60% 4.80% 6.85% 5.66% 8.54%
Scheme Name Pension Funds
Equity Fund (ULGF 001 02/03/04 NAV 59.0958 -21.80% -4.98% -0.52% 4.51% 1.86% 11.73%
E1 110) Index 29468.49 -23.80% -5.46% -0.17% 3.84% 1.06% 10.96%
Short Term Fixed Income Fund NAV 26.0825 7.92% 7.57% 6.98% 7.20% 7.29% 7.26%
(ULGF 004 01/07/06 S1 110) Index 3611.60 9.82% 8.68% 7.84% 8.15% 8.22% 8.06%
Income Fund NAV 32.9169 12.00% 10.07% 8.46% 9.21% 8.82% 7.69%
(ULGF 002 02/03/04 I1 110) Index 3564.11 12.65% 9.64% 8.11% 8.85% 8.73% 7.04%
Liquid Fund NAV 27.9730 5.56% 5.70% 5.60% 5.74% 6.02% 6.69%
(ULGF 003 02/03/04 L1 110) Index 3285.92 6.39% 7.01% 6.95% 6.99% 7.20% 7.05%
Bond Fund NAV 28.1044 12.14% 10.11% 8.48% 9.18% 8.81% 8.58%
(ULGF 005 17/08/07 BO 110) Index 3564.11 12.65% 9.64% 8.11% 8.85% 8.73% 8.06%
Balanced Fund NAV 25.2007 7.02% 7.49% 6.56% 7.72% 7.05% 7.60%
(ULGF 006 17/08/07 BL 110) Index - 8.78% 7.90% 7.09% 8.23% 7.88% 7.84%
21
Disclaimer
1. The fund is managed by Tata AIA Life Insurance Company Ltd. (hereinafter the “Company”).
2. Past performance is not indicative of future performance. Returns are calculated on an absolute basis for a period of less than (or equal
to) a year, with reinvestment of dividends (if any)
3. All investments made by the Company are subject to market risks. The Company does not guarantee any assured returns. The
investment income and price may go down as well as up depending on several factors influencing the market.
4. Every effort is made to ensure that all information contained in this publication is accurate at the date of publication, however, the
Company shall not have any liability for any damages of any kind (including but not limited to errors and omissions) whatsoever relating
to this material.
5. Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein.
Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this document. Please
consult your own tax consultant to know the tax benefits available to you. Income Tax laws are subject to change from time to time.
6. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued
by the insurance company.
7. Various funds offered are the names of funds and do not, in any way, indicate the quality of the funds, their future prospects & returns.
8. Premium paid in ULIPs are subject to Investment risks associated with capital markets & the NAV of the units may go up or down based
on the performance of the fund and factors influencing capital markets & the insured is responsible for his/her decision.
9. Whilst every care has been taken in the preparation of this document, it is subject to correction and markets may not perform in a similar
fashion based on factors influencing the capital and debt markets; hence this review note does not individually confer any legal rights
or duties.
10. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
11. THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICY HOLDER. The Linked Insurance Product do not
offer any liquidity during the first five years of the contract. The policy holder will not be able to surrender/withdraw the monies invested
in Linked Insurance Products completely or partially till the end of the fifth year.
12. Unit Linked Life Insurance products are different from traditional insurance products and are subject to risk factors
13. Tata AIA Life Insurance Company Limited is only the name of the Insurance Company & any contract bearing the prefix ‘Tata AIA Life” is
only the name of the Unit Linked Life Insurance contract and does not in any way indicate the quality of the contract, its future prospects
or returns.
14. This publication is for general circulation only. This document is for information and illustrative purposes only and does not purport to
any financial or investment services and do not offer or form part of any offer or recommendation. This document is not, and should not
be regarded as investment advice or as a recommendation regarding any particular security or course of action.
15. Please make your own independent decision after consulting your financial or other professional advisor.
16. In line with IRDAI regulations, “Since inception” date will be effective from “First Unit Allocation” date instead of “First NAV declaration”
date.
17. The performance of the managed portfolios and funds is not guaranteed and the value may increase or decrease in accordance with the
future experience of the managed portfolios and funds.
22

TATA AIA Annual Report March 2020

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Annual Investment Report

Fixed Income Market

Asset Mix Asset Mix

1.78% Sovereign AAA & Equivalent

Modified Duration 5.35

Portfolio % to NAV Money Market & Others * 10%

Equity 61% *Money Market & Others includes current assets

Modified Duration 5.52

Sovereign AAA & Equivalent

Portfolio % to NAV Asset Mix Equity 6%

Modified Duration 5.20

Asset Mix *Money Market & Others includes current assets

Portfolio % to NAV Rating Profile

Modified Duration 0.40

Sovereign AAA & Equivalent

Modified Duration 0.24

Rating Profile Rating Profile

Modified Duration 0.95

Modified Duration 5.42

Whole Life Short Term Fixed Income

Portfolio Portfolio % to NAV

Pension Funds Short Term Fixed Income Fund

Income Fund (ULGF 002 02/03/04 I1 110) Sector Allocation

Sector Allocation 1.88%

Maturity Profile Portfolio % to NAV

Modified Duration 6.22 Maturity Profile

Scheme Name 31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 Since

31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 Since

Apex Plus Return Lock-in-Fund NAV

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