JUNE 2021 IN-DEPTH INVESTMENT BULLETIN OF AEGON LIFE INSURANCE COMPANY LTD

AEGON, toh tension gone. INDEX

Description Page No.

Enhanced Equity Fund 6

Accelerator Fund 7

Pension Enhanced Equity Fund 8

Pension Index Fund 9

Group Equity Fund 10

Blue Chip Equity Fund 11

Opportunity Fund 12

Debt Fund 14

Pension Debt Fund 15

Secure Fund 16

Pension Secure Fund 17

Conservative Fund 18

Balanced Fund 20

Pension Balanced Fund 22

Stable Fund 24

NAVPF Fund 26

Indepth | June 2021 | 2 Commentary on the Indian Securities Market for May 2021

Nifty (up 6.5%) was strong in May as the covid situation started improving in second half of May. While the lockdowns continued in most states, there were hints of slow unlocking being planned. The vaccination program for the age group of 18-44 years has started at a slow pace. However, it is expected that it will pick up pace in June and July.

The 10Y benchmark government bond was largely rangebound during may and ended the month lower by 1 basis point. While most part of the yield curve was largely stable, long end bonds did see some rise in yields which went on the make the yield curve steeper. The RBI conducted simultaneous purchase and sale of government bonds worth INR 10,000 crores in addition to the pure purchase program (GSAP) of INR 35,000 crores. Upcoming trigger for the market remains the next policy review of the RBI wherein rates are expected to remain unchanged.

The dollar index continued its correction for second month. It was down 1.59% and closed at 89.83 level. The rupee was strong and appreciated by 147 paise to close at 72.61 level.

Brent Crude continued its up move and was up by 3.3% during the month. Gold was strong and was up by 7.8% and closed at $1907.

Foreign institutional investors (FIIs) investment continued to be negative in May. They sold about $0.4bn worth of equity in May.

Domestic institutional investors (DIIs) investment continued to be positive for the third month in a row. Equity mutual funds received net inflows in April although a little lower than March (received inflows of 3437 crores in April)

Consumer price Index (CPI) eased in April led by fall in food prices. The CPI came at 4.29% in April vs 5.52% in March.

India’s GDP growth numbers for FY2021 were released. A contraction of 7.3% was reg- istered for the full year while Q4 showed a growth of 1.6% as the economy picked up

Indepth | June 2021 | 3 steam. The uptick in the fourth quarter was driven mainly by the manufacturing sector even as services remained comparatively sluggish.

The Index of Industrial Production (IIP) was up by 22.35% in March after contracting Nifty (up 6.5%) was strong in May as the covid situation started improving in second by 3.43% in February. The IIP had a favourable base this month and will continue to half of May. While the lockdowns continued in most states, there were hints of slow have favourable base for the next few months. unlocking being planned. The vaccination program for the age group of 18-44 years has started at a slow pace. However, it is expected that it will pick up pace in June and Going forward, markets will react to the pace of reopening and vaccination in . July.

The 10Y benchmark government bond was largely rangebound during may and ended the month lower by 1 basis point. While most part of the yield curve was largely stable, long end bonds did see some rise in yields which went on the make the yield curve steeper. The RBI conducted simultaneous purchase and sale of government bonds worth INR 10,000 crores in addition to the pure purchase program (GSAP) of INR 35,000 crores. Upcoming trigger for the market remains the next policy review of the RBI wherein rates are expected to remain unchanged.

The dollar index continued its correction for second month. It was down 1.59% and closed at 89.83 level. The rupee was strong and appreciated by 147 paise to close at 72.61 level.

Brent Crude continued its up move and was up by 3.3% during the month. Gold was strong and was up by 7.8% and closed at $1907.

Foreign institutional investors (FIIs) investment continued to be negative in May. They sold about $0.4bn worth of equity in May.

Domestic institutional investors (DIIs) investment continued to be positive for the third month in a row. Equity mutual funds received net inflows in April although a little lower than March (received inflows of 3437 crores in April)

Consumer price Index (CPI) eased in April led by fall in food prices. The CPI came at 4.29% in April vs 5.52% in March.

India’s GDP growth numbers for FY2021 were released. A contraction of 7.3% was reg- istered for the full year while Q4 showed a growth of 1.6% as the economy picked up

Indepth | June 2021 | 4 FUND MANAGEMENT TEAM

FUND MANAGER

AVINASH AGARWAL

Qualification : MBA (IIM-L) Experience : 15 years Number of funds : 10

Lovelesh Manocha

Qualification : B.E (Chemical), PGDM (IIML) Experience : 12 years Number of funds : 1

Karan Jhaveri

Qualification : Chartered Accountant, Chartered Financial Analyst (CFA Institute, USA) Experience : 5 years Number of funds : 9

Indepth | June 2021 | 5 ENHANCED EQUITY FUND SFIN: ULIF00105/07/08EEF0138 Inception Date 24 - 7 - 2008

Fund Manager : Avinash Agarwal Investment Objective : This fund will aim to invest in a well-diversified portfolio of equity instruments, and generate attractive returns in the long term. NAV : 37.3078 AUM : 105.65 Cr Benchmark : NIFTY 50

EQUITY HOLDINGS % of AUM EQUITY HOLDINGS % of AUM

RELIANCE INDUSTRIES LIMITED 8.27 DIVIS LABORATORIES LIMITED 1.42 LIMITED 8.13 LIMITED 1.25 ICICI BANK LIMITED 7.04 ULTRATECH CEMENT LIMITED 1.17 HDFC BANK LIMITED 5.84 LIMITED 1.12 STATE 4.13 SUN PHARMACEUTICAL INDUSTRIES LIMITED 1.08 HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED 3.96 JSW STEEL LIMITED 1.02 SBI-ETF NIFTY BANK 3.32 LIMITED 0.96 LIMITED 3.15 LIMITED 0.93 LARSEN & TOUBRO LIMITED 2.97 LIMITED 0.87 DR REDDYS LABORATORIES LIMITED 2.93 (INDIA) LIMITED 0.82 NIPPON INDIA MUTUAL FUND - NIPPON INDIA ETF NIFTY IT 2.85 LIMITED 0.69 NIPPON INDIA ETF BANKBEES EXCHANGE TRADED SCHEME 2.84 BALRAMPUR CHINI MILLS LIMITED 0.64 TATA CONSULTANCY SERVICES LIMITED 2.33 LIMITED 0.60 LIMITED 2.24 HONEYWELL AUTOMATION INDIA LIMITED 0.58 LIMITED 2.21 SBI LIFE INSURANCE COMPANY LIMITED 0.57 LIMITED 2.21 CORPORATION LIMITED 0.50 BOSCH LIMITED 2.12 INDIAN RAILWAY CATERING AND TOURISM CORPORATION LIMITED 1.98 LIMITED 0.49 NESTLE INDIA LIMITED 1.93 L&T TECHNOLOGY SERVICES LIMITED 0.49 CORPORATION LIMITED 1.74 GUJARAT STATE PETRONET LIMITED 0.47 LARSEN & TOUBRO INFOTECH LIMITED 1.69 LIMITED 0.46 SRF LIMITED 1.68 LIMITED 0.46 LIMITED 1.61 LIMITED 1.43 CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED 1.42

INDUSTRY % of AUM INDUSTRY % of AUM

FINANCIAL AND INSURANCE ACTIVITIES 23.99 EQUIPMENTS 2.21 COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES 13.57 MANUFACTURE OF ELECTRICAL EQUIPMENTS 1.42 INFRASTRUCTURE 11.95 MANUFACTURE OF COMPUTER, ELECTRONIC AND OPTICAL PRODUCTS 1.27 MFG OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL 7.63 MANUFACTURE OF OTHER NON-METALLIC MINERAL PRODUCTS 1.17 MANUFACTURE OF BASIC METALS 7.48 REAL ESTATE ACTIVITIES 0.87 MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS 4.04 INFORMATION SERVICE ACTIVITIES 0.82 MANUFACTURE OF FOOD PRODUCTS 4.00 FOOD & BEVERAGE SERVICE ACTIVITIES 0.49 MANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERS 3.74 CIVIL ENGINEERING 2.97 MFG OF FABRICATED METAL PRODUCTS, EXCEPT MACHINERY &

ASSET ALLOCATION PERFORMANCE Period Fund Benchmark F&U ACTUAL Return 1 Month 5.82% 6.50% EQUITIES 75% TO 100% 96.64% Return 6 Month 20.69% 20.15% FIXED INCOME SECURITIES 0 % TO 25% 3.36% Returns 1 Year 58.25% 62.65% MONEY MARKET INSTRUMENT Returns 2 Year 11.86% 14.28%

Returns 3 Year 11.62% 13.20%

Inception 10.78% 10.27%

Indepth | June 2021 | 6 ACCELERATOR FUND SFIN: ULIF01203/09/10ACCELERATE0138 Inception Date 16 - 9 - 2010

Fund Manager : Lovelesh Manocha Investment Objective : This fund will aim at investing in equities of various sectors, to diversify the portfolio and to generate attractive returns in long term. This fund will also have the flexibility to invest in fixed interest assets and money market instruments up to 20%. NAV : 25.6841 AUM : 187.39 Cr Benchmark : S&P BSE 100

EQUITY HOLDINGS % of AUM EQUITY HOLDINGS % of AUM

INFOSYS LIMITED 8.33 HINDUSTAN PETROLEUM CORPORATION LIMITED 0.76 LIMITED 6.31 STEEL AUTHORITY OF INDIA LIMITED 0.72 ICICI BANK LIMITED 5.90 ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED 0.70 NIPPON INDIA ETF BANKBEES EXCHANGE TRADED SCHEME 4.09 SBI LIFE INSURANCE COMPANY LIMITED 0.64 HDFC BANK LIMITED 3.58 CIPLA LIMITED 0.63 3.42 BATA INDIA LIMITED 0.58 SBI-ETF NIFTY BANK 3.30 THE INDIAN HOTELS COMPANY LIMITED 0.56 HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED 3.15 INDIAN RAILWAY CATERING AND TOURISM CORPORA- TATA CONSULTANCY SERVICES LIMITED 2.81 TION LIMITED 0.51 KOTAK MAHINDRA BANK LIMITED 2.38 MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED 0.50 DIVIS LABORATORIES LIMITED 2.38 INDUSIND BANK LIMITED 0.49 TATA STEEL LIMITED 2.34 CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED 0.49 BHARAT FORGE LIMITED 2.19 LIMITED 0.47 AXIS BANK LIMITED 2.01 DR REDDYS LABORATORIES LIMITED 1.84 TATA MOTORS LIMITED 1.82 INDUSTRY % of AUM HINDALCO INDUSTRIES LIMITED 1.81 NESTLE INDIA LIMITED 1.61 FINANCIAL AND INSURANCE ACTIVITIES 24.28 PVR LIMITED 1.60 BOSCH LIMITED 1.54 COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES 13.11 SRF LIMITED 1.53 INFRASTRUCTURE 11.21 TATA CONSUMER PRODUCTS LIMITED 1.53 MANUFACTURE OF BASIC METALS 5.85 HINDUSTAN UNILEVER LIMITED 1.26 MFG OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL 5.78 CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED 1.23 MANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERS 5.49 SUNDRAM FASTENERS LIMITED 1.21 MANUFACTURE OF FOOD PRODUCTS 5.32 CONTAINER CORPORATION OF INDIA LIMITED 1.20 MFG OF FABRICATED METAL PRODUCTS, EXCEPT MACHINERY & NIPPON INDIA MUTUAL FUND - NIPPON INDIA ETF NIFTY IT 1.17 EQUIPMENTS 3.40 AVANTI FEEDS LIMITED 1.14 MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS 2.79 ULTRATECH CEMENT LIMITED 1.14 ENDURANCE TECHNOLOGIES LIMITED 1.10 Motion Picture & Video Producton/ Distribution 1.60 HONEYWELL AUTOMATION INDIA LIMITED 1.09 MANUFACTURE OF ELECTRICAL EQUIPMENTS 1.23 BHARAT PETROLEUM CORPORATION LIMITED 1.06 MANUFACTURE OF OTHER NON-METALLIC MINERAL PRODUCTS 1.14 BALRAMPUR CHINI MILLS LIMITED 1.04 MANUFACTURE OF COMPUTER, ELECTRONIC AND OPTICAL PRODUCTS 1.09 UTI ASSET MANAGEMENT COMPANY LIMITED 1.04 CIVIL ENGINEERING 0.99 LIMITED 1.03 MANUFACTURE OF OTHER TRANSPORT EQUIPMENT 0.95 LARSEN & TOUBRO INFOTECH LIMITED 0.99 MFG OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL LARSEN & TOUBRO LIMITED 0.99 PRODUCTS 0.90 JSW STEEL LIMITED 0.99 MANUFACTURE OF MACHINERY AND EQUIPMENT N.E.C. 0.87 L&T TECHNOLOGY SERVICES LIMITED 0.98 GUJARAT STATE PETRONET LIMITED 0.98 INFORMATION SERVICE ACTIVITIES 0.83 TVS MOTOR COMPANY LIMITED 0.95 MANUFACTURE OF LEATHER AND RELATED PRODUCTS 0.58 LIMITED 0.93 ACCOMMODATION 0.56 SEQUENT SCIENTIFIC LIMITED 0.90 FOOD & BEVERAGE SERVICE ACTIVITIES 0.51 BHARTI AIRTEL LIMITED 0.89 MANUFACTURE OF BEVERAGES 0.47 JOHNSON CONTROLS - HITACHI AIR CONDITIONING INDIA LIMITED 0.87 PERFORMANCE INFO EDGE (INDIA) LIMITED 0.83 Period Fund Benchmark ASSET ALLOCATION Return 1 Month 6.18% 6.66% F&U ACTUAL Return 6 Month 17.56% 21.24%

EQUITIES 80% – 100% 97.50% Returns 1 Year 52.70% 63.15%

Returns 2 Year 15.74% 14.57%

FIXED INCOME Returns 3 Year 12.89% 12.72% SECURITIES

0% TO 20% 2.50% Inception 9.24% 9.47% MONEY MARKET INSTRUMENT

Indepth | June 2021 | 7 PENSION ENHANCED EQUITY FUND SFIN: ULIF00605/01/09PEEQUITY0138 Inception Date 19 - 1 - 2009

Fund Manager : Avinash Agarwal Investment Objective : This fund will aim to invest in a well-diversified portfolio of equity instruments, and generate attractive returns in the long term. NAV : 59.6796 AUM : 15.42 Cr Benchmark : NIFTY 50

EQUITY HOLDINGS % of AUM EQUITY HOLDINGS % of AUM

RELIANCE INDUSTRIES LIMITED 8.30 CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED 1.39 INFOSYS LIMITED 8.09 ULTRATECH CEMENT LIMITED 1.22 ICICI BANK LIMITED 7.31 HINDUSTAN UNILEVER LIMITED 1.17 HDFC BANK LIMITED 5.77 DEEPAK NITRITE LIMITED 1.11 NIPPON INDIA ETF BANKBEES EXCHANGE TRADED SCHEME 4.39 SUN PHARMACEUTICAL INDUSTRIES LIMITED 1.09 STATE BANK OF INDIA 4.15 TATA CONSUMER PRODUCTS LIMITED 1.03 HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED 4.01 BHARTI AIRTEL LIMITED 1.01 TATA STEEL LIMITED 3.12 JSW STEEL LIMITED 1.00 LARSEN & TOUBRO LIMITED 2.95 OBEROI REALTY LIMITED 0.86 DR REDDYS LABORATORIES LIMITED 2.84 WIPRO LIMITED 0.85 NIPPON INDIA MUTUAL FUND - NIPPON INDIA ETF NIFTY IT 2.66 INFO EDGE (INDIA) LIMITED 0.79 HINDALCO INDUSTRIES LIMITED 2.27 BALRAMPUR CHINI MILLS LIMITED 0.61 CIPLA LIMITED 2.23 BHARAT ELECTRONICS LIMITED 0.58 TATA CONSULTANCY SERVICES LIMITED 2.23 STEEL AUTHORITY OF INDIA LIMITED 0.56 BHARAT FORGE LIMITED 2.21 SBI LIFE INSURANCE COMPANY LIMITED 0.54 BOSCH LIMITED 2.18 INDIAN RAILWAY CATERING AND TOURISM CORPORATION SBI-ETF NIFTY BANK 2.06 LIMITED 0.49 AXIS BANK LIMITED 1.97 L&T TECHNOLOGY SERVICES LIMITED 0.49 NESTLE INDIA LIMITED 1.84 HINDUSTAN PETROLEUM CORPORATION LIMITED 0.48 BHARAT PETROLEUM CORPORATION LIMITED 1.68 HINDUSTAN ZINC LIMITED 0.47 SRF LIMITED 1.60 GUJARAT STATE PETRONET LIMITED 0.46 TATA MOTORS LIMITED 1.59 KOTAK MAHINDRA BANK LIMITED 0.35 LARSEN & TOUBRO INFOTECH LIMITED 1.58 HONEYWELL AUTOMATION INDIA LIMITED 0.33 DIVIS LABORATORIES LIMITED 1.42

INDUSTRY % of AUM INDUSTRY % of AUM

FINANCIAL AND INSURANCE ACTIVITIES 24.10 MFG OF FABRICATED METAL PRODUCTS, EXCEPT MACHINERY & COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES 13.25 EQUIPMENTS 2.21 INFRASTRUCTURE 11.93 MANUFACTURE OF ELECTRICAL EQUIPMENTS 1.39 MFG OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL 7.58 MANUFACTURE OF OTHER NON-METALLIC MINERAL PRODUCTS 1.22 MANUFACTURE OF BASIC METALS 7.41 MANUFACTURE OF COMPUTER, ELECTRONIC AND OPTICAL PRODUCTS 0.92 MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS 3.89 REAL ESTATE ACTIVITIES 0.86 MANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERS 3.76 INFORMATION SERVICE ACTIVITIES 0.79 MANUFACTURE OF FOOD PRODUCTS 3.48 FOOD & BEVERAGE SERVICE ACTIVITIES 0.49 CIVIL ENGINEERING 2.95

ASSET ALLOCATION PERFORMANCE Period Fund Benchmark F&U ACTUAL Return 1 Month 5.87% 6.50% EQUITIES 75% - 100% 95.35% Return 6 Month 20.63% 20.15%

FIXED INCOME Returns 1 Year 58.16% 62.65% SECURITIES 0% TO 25% 4.65% Returns 2 Year 11.97% 14.28% MONEY MARKET INSTRUMENT Returns 3 Year 11.69% 13.20%

Inception 15.53% 14.73%

Indepth | June 2021 | 8 PENSION INDEX FUND SFIN: ULIF01005/01/09PINDEX0138 Inception Date 22 - 1 - 2009

Fund Manager : Avinash Agarwal Investment Objective : This fund aims at investing in equities, but does not take stock-specific risks. Replicating the market performance at low cost. The fund is indexed to Nifty 50. NAV : 56.2659 AUM : 9.02 Cr Benchmark : NIFTY 50

EQUITY HOLDINGS % of AUM EQUITY HOLDINGS % of AUM

RELIANCE INDUSTRIES LIMITED 10.15 LIMITED 0.94 HDFC BANK LIMITED 9.59 HINDALCO INDUSTRIES LIMITED 0.87 INFOSYS LIMITED 7.50 POWER GRID CORPORATION OF INDIA LIMITED 0.86 HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED 6.68 INDUSIND BANK LIMITED 0.85 ICICI BANK LIMITED 6.66 TATA MOTORS LIMITED 0.85 TATA CONSULTANCY SERVICES LIMITED 4.75 ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED 0.84 KOTAK MAHINDRA BANK LIMITED 3.85 LIMITED 0.84 HINDUSTAN UNILEVER LIMITED 3.04 LIMITED 0.81 ITC LIMITED 2.75 HDFC LIFE INSURANCE COMPANY LIMITED 0.81 AXIS BANK LIMITED 2.74 DIVIS LABORATORIES LIMITED 0.80 LARSEN & TOUBRO LIMITED 2.57 NTPC LIMITED 0.78 STATE BANK OF INDIA 2.37 CIPLA LIMITED 0.71 LIMITED 2.17 UPL LIMITED 0.67 LIMITED 1.95 OIL & NATURAL GAS CORPORATION LIMITED 0.61 BHARTI AIRTEL LIMITED 1.88 BHARAT PETROLEUM CORPORATION LIMITED 0.61 HCL TECHNOLOGIES LIMITED 1.53 LIMITED 0.61 INDIA LIMITED 1.40 TATA CONSUMER PRODUCTS LIMITED 0.59 TATA STEEL LIMITED 1.31 HERO MOTOCORP LIMITED 0.58 WIPRO LIMITED 1.19 SBI LIFE INSURANCE COMPANY LIMITED 0.57 ULTRATECH CEMENT LIMITED 1.15 LIMITED 0.56 MAHINDRA & MAHINDRA LIMITED 1.15 LIMITED 0.55 SUN PHARMACEUTICAL INDUSTRIES LIMITED 1.07 LIMITED 0.46 LIMITED 1.06 LIMITED 0.39 JSW STEEL LIMITED 1.04 LIMITED 0.04 LIMITED 0.99 DR REDDYS LABORATORIES LIMITED 0.95 NESTLE INDIA LIMITED 0.94

INDUSTRY % of AUM INDUSTRY % of AUM

FINANCIAL AND INSURANCE ACTIVITIES 37.37 MANUFACTURE OF FOOD PRODUCTS 2.15 INFRASTRUCTURE 16.12 MANUFACTURE OF OTHER NON-METALLIC MINERAL PRODUCTS 1.70 COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES 15.91 MANUFACTURE OF OTHER TRANSPORT EQUIPMENT 1.39 MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS 5.65 MANUFACTURE OF MACHINERY AND EQUIPMENT N.E.C. 1.15 MFG OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL 3.55 OTHER MANUFACTURING 0.99 MANUFACTURE OF BASIC METALS 3.21 MANUFACTURE OF TEXTILES 0.84 MANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERS 2.81 MINING OF COAL AND LIGNITE 0.46 MANUFACTURE OF TOBACCO PRODUCTS 2.75 CIVIL ENGINEERING 2.57

ASSET ALLOCATION PERFORMANCE Period Fund Benchmark F&U ACTUAL Return 1 Month 6.45% 6.50% EQUITIES 98% - 100% 98.62% Return 6 Month 19.62% 20.15%

FIXED INCOME Returns 1 Year 61.63% 62.65% SECURITIES 0% TO 2% 1.38% Returns 2 Year 13.89% 14.28% MONEY MARKET INSTRUMENT Returns 3 Year 12.84% 13.20%

Inception 14.98% 15.18%

Indepth | June 2021 | 9 GROUP EQUITY FUND SFIN: ULGF00228/03/11GEQUITY0138 Inception Date 28 - 3 - 2011

Fund Manager : Avinash Agarwal Investment Objective : This Fund will aim at investing in equities of various sectors to diversify the portfolio and to generate attractive returns in the long term. The Fund will also have the flexibility to invest in Fixed Interest Assets and Money Market instruments up to 20%. NAV : 30.7519 AUM : 14.92 Cr Benchmark : NIFTY 50

EQUITY HOLDINGS % of AUM EQUITY HOLDINGS % of AUM

RELIANCE INDUSTRIES LIMITED 8.37 CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED 1.43 INFOSYS LIMITED 8.08 ULTRATECH CEMENT LIMITED 1.27 ICICI BANK LIMITED 6.64 HINDUSTAN UNILEVER LIMITED 1.26 HDFC BANK LIMITED 5.93 DEEPAK NITRITE LIMITED 1.15 NIPPON INDIA ETF BANKBEES EXCHANGE TRADED SCHEME 4.42 SUN PHARMACEUTICAL INDUSTRIES LIMITED 1.13 STATE BANK OF INDIA 4.24 JSW STEEL LIMITED 1.09 HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED 4.08 TATA CONSUMER PRODUCTS LIMITED 1.07 TATA STEEL LIMITED 3.20 BHARTI AIRTEL LIMITED 0.99 DR REDDYS LABORATORIES LIMITED 2.96 OBEROI REALTY LIMITED 0.89 LARSEN & TOUBRO LIMITED 2.93 WIPRO LIMITED 0.87 NIPPON INDIA MUTUAL FUND - NIPPON INDIA ETF NIFTY IT 2.75 INFO EDGE (INDIA) LIMITED 0.82 BHARAT FORGE LIMITED 2.29 BALRAMPUR CHINI MILLS LIMITED 0.63 CIPLA LIMITED 2.28 BHARAT ELECTRONICS LIMITED 0.60 HINDALCO INDUSTRIES LIMITED 2.27 STEEL AUTHORITY OF INDIA LIMITED 0.58 BOSCH LIMITED 2.25 SBI LIFE INSURANCE COMPANY LIMITED 0.56 TATA CONSULTANCY SERVICES LIMITED 2.25 INDIAN RAILWAY CATERING AND TOURISM CORPORA- SBI-ETF NIFTY BANK 2.16 TION LIMITED 0.51 AXIS BANK LIMITED 2.15 L&T TECHNOLOGY SERVICES LIMITED 0.51 NESTLE INDIA LIMITED 1.97 HINDUSTAN PETROLEUM CORPORATION LIMITED 0.50 BHARAT PETROLEUM CORPORATION LIMITED 1.80 HINDUSTAN ZINC LIMITED 0.48 TATA MOTORS LIMITED 1.71 GUJARAT STATE PETRONET LIMITED 0.47 SRF LIMITED 1.66 KOTAK MAHINDRA BANK LIMITED 0.36 LARSEN & TOUBRO INFOTECH LIMITED 1.64 DIVIS LABORATORIES LIMITED 1.45

INDUSTRY % of AUM INDUSTRY % of AUM

FINANCIAL AND INSURANCE ACTIVITIES 23.97 EQUIPMENTS 2.29 COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES 13.34 MANUFACTURE OF ELECTRICAL EQUIPMENTS 1.43 INFRASTRUCTURE 12.14 MANUFACTURE OF OTHER NON-METALLIC MINERAL PRODUCTS 1.27 MFG OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL 7.82 REAL ESTATE ACTIVITIES 0.89 MANUFACTURE OF BASIC METALS 7.61 INFORMATION SERVICE ACTIVITIES 0.82 MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS 4.07 MANUFACTURE OF COMPUTER, ELECTRONIC AND OPTICAL PRODUCTS 0.60 MANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERS 3.96 FOOD & BEVERAGE SERVICE ACTIVITIES 0.51 MANUFACTURE OF FOOD PRODUCTS 3.67 CIVIL ENGINEERING 2.93 MFG OF FABRICATED METAL PRODUCTS, EXCEPT MACHINERY &

ASSET ALLOCATION PERFORMANCE Period Fund Benchmark F&U ACTUAL Return 1 Month 6.06% 6.50%

EQUITIES 80% TO 100% 96.70% Return 6 Month 21.40% 20.15%

Returns 1 Year 59.88% 62.65% FIXED INCOME SECURITIES Returns 2 Year 12.43% 14.28%

0 % – 20% 3.30% Returns 3 Year 12.43% 13.20% MONEY MARKET INSTRUMENT Inception 11.66% 10.40%

Indepth | June 2021 | 10 BLUE CHIP EQUITY FUND ULIF01511/02/14BLUECHIPEQ0138 Inception Date 22 - 12 - 2014

Fund Manager : Avinash Agarwal Investment Objective : This Fund will aim at investing in equities of various sectors to diversify the portfolio and to generate attractive returns in the long term. The Fund will also have the flexibility to invest in Fixed Interest Assets and Money Market instruments up to 20%. NAV : 18.0148 AUM : 163.48 Cr Benchmark : NIFTY 50

EQUITY HOLDINGS % of AUM EQUITY HOLDINGS % of AUM

RELIANCE INDUSTRIES LIMITED 8.49 DEEPAK NITRITE LIMITED 1.14 INFOSYS LIMITED 8.02 SUN PHARMACEUTICAL INDUSTRIES LIMITED 1.06 ICICI BANK LIMITED 7.22 TATA CONSUMER PRODUCTS LIMITED 1.04 HDFC BANK LIMITED 5.76 BHARTI AIRTEL LIMITED 1.00 STATE BANK OF INDIA 4.19 JSW STEEL LIMITED 1.00 HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED 3.96 WIPRO LIMITED 0.96 SBI-ETF NIFTY BANK 3.41 OBEROI REALTY LIMITED 0.91 TATA STEEL LIMITED 3.19 INFO EDGE (INDIA) LIMITED 0.85 NIPPON INDIA MUTUAL FUND - NIPPON INDIA ETF NIFTY IT 3.18 BHARAT ELECTRONICS LIMITED 0.64 LARSEN & TOUBRO LIMITED 3.02 BALRAMPUR CHINI MILLS LIMITED 0.63 DR REDDYS LABORATORIES LIMITED 2.81 STEEL AUTHORITY OF INDIA LIMITED 0.62 NIPPON INDIA ETF BANKBEES EXCHANGE TRADED SCHEME 2.68 HONEYWELL AUTOMATION INDIA LIMITED 0.58 TATA CONSULTANCY SERVICES LIMITED 2.30 SBI LIFE INSURANCE COMPANY LIMITED 0.56 CIPLA LIMITED 2.26 HINDUSTAN PETROLEUM CORPORATION LIMITED 0.51 HINDALCO INDUSTRIES LIMITED 2.25 KOTAK MAHINDRA BANK LIMITED 0.49 BHARAT FORGE LIMITED 2.21 L&T TECHNOLOGY SERVICES LIMITED 0.49 BOSCH LIMITED 2.17 GUJARAT STATE PETRONET LIMITED 0.49 AXIS BANK LIMITED 1.97 INDIAN RAILWAY CATERING AND TOURISM CORPORATION NESTLE INDIA LIMITED 1.85 LIMITED 0.49 LARSEN & TOUBRO INFOTECH LIMITED 1.75 HINDUSTAN ZINC LIMITED 0.480 SRF LIMITED 1.74 ASHOK LEYLAND LIMITED 0.340 BHARAT PETROLEUM CORPORATION LIMITED 1.62 INDIAN OIL CORPORATION LIMITED 0.004 TATA MOTORS LIMITED 1.47 BAJAJ FINANCE LIMITED 0.003 CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED 1.45 EICHER MOTORS LIMITED 0.003 DIVIS LABORATORIES LIMITED 1.43 MARUTI SUZUKI INDIA LIMITED 0.003 ULTRATECH CEMENT LIMITED 1.23 COAL INDIA LIMITED 0.002 HINDUSTAN UNILEVER LIMITED 1.17 SHREE CEMENT LIMITED 0.002

INDUSTRY % of AUM INDUSTRY % of AUM

FINANCIAL AND INSURANCE ACTIVITIES 24.14 MFG OF FABRICATED METAL PRODUCTS, EXCEPT MACHINERY & COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES 13.53 EQUIPMENTS 2.21 INFRASTRUCTURE 12.11 MANUFACTURE OF ELECTRICAL EQUIPMENTS 1.45 MFG OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL 7.56 MANUFACTURE OF OTHER NON-METALLIC MINERAL PRODUCTS 1.23 MANUFACTURE OF BASIC METALS 7.54 MANUFACTURE OF COMPUTER, ELECTRONIC AND OPTICAL PRODUCTS 1.22 MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS 4.04 REAL ESTATE ACTIVITIES 0.91 MANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERS 3.98 INFORMATION SERVICE ACTIVITES 0.85 MANUFACTURE OF FOOD PRODUCTS 3.51 FOOD & BEVERAGE SERVICE ACTIVITIES 0.49 CIVIL ENGINEERING 3.02 MINING OF COAL AND LIGNITE 0.002

ASSET ALLOCATION PERFORMANCE Period Fund Benchmark F&U ACTUAL Return 1 Month 5.93% 6.50%

EQUITIES 80% – 100% 97.08% Return 6 Month 20.60% 20.15%

Returns 1 Year 58.11% 62.65% FIXED INCOME SECURITIES 0% - Returns 2 Year 11.66% 14.28%

Returns 3 Year 11.51% 13.20% MONEY MARKET 0 % – 20% 2.92% INSTRUMENT Inception 9.56% 10.22%

Indepth | June 2021 | 11 OPPORTUNITY FUND ULIF01627/06/16OPPORTUN0138 Inception Date 27 - 02 - 2017

Fund Manager : Avinash Agarwal Investment Objective : This Fund will aim at investing in equities of various sectors to diversify the portfolio and to generate attractive returns in the long term. The Fund will also have the flexibility to invest in Fixed Interest Assets and Money Market instruments up to 20%. NAV : 17.8980 AUM : 154.16 Cr Benchmark : NIFTY MIDCAP 100 INDUSTRY % of AUM

NAME % of AUM EQUITY HOLDINGS % of AUM EQUITY HOLDINGS % of AUM

BHARAT FORGE LIMITED 4.21 POLYCAB INDIA LIMITED 1.37 SRF LIMITED 4.07 HINDUSTAN ZINC LIMITED 1.26 THE LIMITED 3.08 AVANTI FEEDS LIMITED 1.24 DEEPAK NITRITE LIMITED 2.99 LIMITED 1.24 LIMITED 2.85 PI INDUSTRIES LIMITED 1.13 CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED 2.77 LIMITED 1.12 OBEROI REALTY LIMITED 2.76 LIMITED 1.11 IPCA LABORATORIES LIMITED 2.71 LIMITED 1.10 GUJARAT STATE PETRONET LIMITED 2.66 JINDAL STEEL & POWER LIMITED 1.07 LIMITED 2.63 BOSCH LIMITED 1.05 INDIAN RAILWAY CATERING AND TOURISM CORPORATION LIMITED 2.52 UTI ASSET MANAGEMENT COMPANY LIMITED 0.99 ASHOK LEYLAND LIMITED 2.36 AARTI DRUGS LIMITED 0.96 MAX FINANCIAL SERVICES LIMITED 2.31 LIMITED 0.94 THE LIMITED 2.26 TUBE INVESTMENTS OF INDIA LIMITED 0.93 LIMITED 2.25 SEQUENT SCIENTIFIC LIMITED 0.90 CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED 2.16 ADITYA BIRLA CAPITAL LIMITED 0.63 LIMITED 2.15 WHIRLPOOL OF INDIA LIMITED 0.62 L&T TECHNOLOGY SERVICES LIMITED 2.14 RALLIS INDIA LIMITED 0.61 GRAPHITE INDIA LIMITED 2.13 0.52 LIMITED 2.11 CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED 0.52 STEEL AUTHORITY OF INDIA LIMITED 2.10 SHRIRAM TRANSPORT FINANCE COMPANY LIMITED 0.46 LIC HOUSING FINANCE LIMITED 2.10 LIMITED 0.46 SYNGENE INTERNATIONAL LIMITED 1.92 NATIONAL ALUMINIUM COMPANY LIMITED 0.44 TVS MOTOR COMPANY LIMITED 1.88 LIMITED 1.86 NIPPON LIFE INDIA ASSET MANAGEMENT LIMITED 1.77 LIMITED 1.67 SUNDRAM FASTENERS LIMITED 1.65 BAYER CROPSCIENCE LIMITED 1.63 BATA INDIA LIMITED 1.63 BALRAMPUR CHINI MILLS LIMITED 1.60 SUDARSHAN CHEMICAL INDUSTRIES LIMITED 1.56 LARSEN & TOUBRO INFOTECH LIMITED 1.46 VARUN BEVERAGES LIMITED 1.38

INDUSTRY % of AUM INDUSTRY % of AUM

FINANCIAL AND INSURANCE ACTIVITIES 17.16 MANUFACTURE OF RUBBER AND PLASTICS PRODUCTS 2.63 MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS 13.09 FOOD & BEVERAGE SERVICE ACTIVITIES 2.52 COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES 10.56 MANUFACTURE OF MACHINERY AND EQUIPMENT N.E.C. 2.11 INFRASTRUCTURE 6.02 SCIENTIFIC RESEARCH AND DEVELOPMENT 1.92 MFG OF FABRICATED METAL PRODUCTS, EXCEPT MACHINERY & MANUFACTURE OF LEATHER AND RELATED PRODUCTS 1.63 EQUIPMENTS 5.87 MANUFACTURE OF BEVERAGES 1.38 MFG OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL 5.74 MFG OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL MANUFACTURE OF BASIC METALS 4.87 PRODUCTS 0.90 MANUFACTURE OF ELECTRICAL EQUIPMENTS 4.76 FINANCIAL INTERMEDIATION, EXCEPT INSURANCE AND PENSION MANUFACTURE OF OTHER NON-METALLIC MINERAL PRODUCTS 4.38 FUNDING 0.63 MANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERS 3.41 MANUFACTURE OF FOOD PRODUCTS 2.84 MANUFACTURE OF OTHER TRANSPORT EQUIPMENT 2.81 REAL ESTATE ACTIVITIES 2.76

Indepth | June 2021 | 12 ASSET ALLOCATION PERFORMANCE Period Fund Benchmark F&U ACTUAL Return 1 Month 5.37% 6.53%

EQUITIES 80% – 100% 97.96% Return 6 Month 26.74% 30.74%

Returns 1 Year 74.85% 94.19% FIXED INCOME 0% - SECURITIES Returns 2 Year 21.49% 19.74%

MONEY MARKET 0% TO 20% 2.04% Returns 3 Year 14.78% 10.87% INSTRUMENT Inception 14.64% 11.23%

Indepth | June 2021 | 13 DEBT FUND SFIN: ULIF00405/07/08DB0138 Inception Date 20 - 8 - 2008

Fund Manager : Karan Jhaveri Investment Objective : This fund will aim to generate attractive returns by investing in a diversified portfolio of government debt, corporate debt, money market instruments and other fixed income securities of varying maturities. NAV : 30.6535 AUM : 137.63 Cr Portfolio Duration : 5.28 Benchmark : CRISIL COMPOSITE BOND FUND

RATING PROFILE MATURITY PROFILE SECTORAL PROFILE

GOVT BONDS 39.08 0 - 5 YEARS 27.51 SOVEREIGN 39.08 AAA 57.16 5 - 10 YEARS 56.71 FINANCIAL AND INSURANCEA CTIVITIES 21.52 CASH & CASH EQUIVALENTS 3.75 THAN 10 YEARS 15.78 INFRASTRUCTURE 22.21 Total 100.00 Total 100.00 HOUSING SECTOR 13.43 OTHERS 3.75 TOTAL 100.00

DEBT HOLDINGS % of AUM DEBT HOLDINGS % of AUM

7.17% GSEC MD 08/01/2028 14.68 7.90% NCD HOUSING DEVELOPMENT FINANCE CORPORATION LTD 6.22% GSEC MD 16/03/2035 9.14 MD.24/08/2026 2.34 8.65% RELIANCE INDUSTRIES LTD 11/12/2028 7.86 6.64% GSEC MD 16/06/2035 2.00 9.37% TATA CAPITAL FINANCIAL SERVICES LTD. MD 31/03/2025 7.74 8.79% NCD INDIAN RAILWAY FINANCE CORPORATION LTD. MD 04/05/2030 1.24 8.70% NCD LIC HOUSING FINANCE LTD. MD 23/03/2029 7.50 8.95% RELIANCE INDUSTRIES LIMITED MD 09/11/2028 0.83 10.20% NCD HDB FINANCIAL SERVICES LTD. MD 17/10/2023 6.40 8.49% NCD LNT INFRA DEBT FUND LTD MD.28/01/2025 0.60 6.45% GSEC MD 07/10/2029 5.84 7.72% GSEC MD 26/102055 0.32 8.56% NCD RURAL ELECTRIFICATION CORPORATION LTD. MD 29/11/2028 3.94 9.45% NCD POWER FINANCE CORPORATION LTD. MD 01/09/2026 0.25 7.98% NCD NATIONAL HIGHWAYS AUTHORITY OF INDIA 23/12/2049 3.87 7.79% NCD RURAL ELECTRIFICATION CORPORATION LTD. MD 21/05/2030 0.08 10.21% NCD BAJAJ FINANCE LTD. MD 22/08/2022 3.71 9.23% GSEC MD 23/12/2043 0.03 10.15% NCD BAJAJ FINANCE LTD. MD 19/09/2024 3.67 6.67% GSEC MD 17/12/2050 0.01 7.25% NCD HOUSING DEVELOPMENT FINANCE CORPORATION LTD MD 7.63% GSEC MD 17/06/2059 0.002 17/06/2030 3.59 7.08% STATE GOVT OF GUJARAT MD 10/03/2031 3.56 7.85% NCD POWER FINANCE CORPORATION LTD. MD 03/04/2028 3.54 5.63% GSEC MD 12/04/2026 3.49

ASSET ALLOCATION PERFORMANCE

F&U ACTUAL Period Fund Benchmark Return 1 Month 0.63% 0.59%

EQUITIES 0% - Return 6 Month 1.31% 1.29%

Returns 1 Year 4.88% 6.24% FIXED INCOME 60% - 100% 96.25% SECURITIES Returns 2 Year 8.99% 9.55%

Returns 3 Year 9.74% 9.93% MONEY MARKET 0% – 40% 3.75% INSTRUMENT Inception 9.15% 8.38%

Indepth | June 2021 | 14 PENSION DEBT FUND SFIN: ULIF00805/01/09PDEBT0138 Inception Date 20 - 1 - 2009

Fund Manager : Karan Jhaveri Investment Objective : This fund aims at generating attractive investment income by taking interest rate views and investing in a diversified portfolio of government debt, corporate debt and money market instruments of varying maturities. NAV : 24.5547 AUM : 6.53 Cr Portfolio Duration : 5.17 Benchmark : CRISIL COMPOSITE BOND FUND

RATING PROFILE MATURITY PROFILE SECTORAL PROFILE

GOVT BONDS 39.86 0 - 5 YEARS 28.50 SOVEREIGN 39.86 AAA 55.08 5 - 10 YEARS 54.96 FINANCIAL AND INSURANCE ACTIVITIES 22.19 CASH & CASH EQUIVALENTS 5.06 MORE THAN 10 YEARS 16.54 INFRASTRUCTURE 22.78 Total 100.00 Total 100.00 HOUSING 10.11 OTHERS 5.06 TOTAL 100.00

DEBT HOLDINGS % of AUM DEBT HOLDINGS % of AUM

7.17% GSEC MD 08/01/2028 12.90 10.21% NCD BAJAJ FINANCE LTD. MD 22/08/2022 3.26 10.20% NCD HDB FINANCIAL SERVICES LTD. MD 17/10/2023 8.54 7.25% NCD HOUSING DEVELOPMENT FINANCE CORPORATION LTD 6.45% GSEC MD 07/10/2029 8.05 MD 17/06/2030 3.16 6.22% GSEC MD 16/03/2035 7.36 7.08% STATE GOVT OF GUJARAT MD 10/03/2031 3.13 8.70% NCD LIC HOUSING FINANCE LTD. MD 23/03/2029 6.95 5.63% GSEC MD 12/04/2026 3.07 8.65% RELIANCE INDUSTRIES LTD 11/12/2028 6.91 9.30% NCD POWER GRID CORPORATION MD 28/06/2027 2.19 9.37% TATA CAPITAL FINANCIAL SERVICES LTD. MD 31/03/2025 6.88 8.95% RELIANCE INDUSTRIES LIMITED MD 09/11/2028 1.75 6.64% GSEC MD 16/06/2035 5.36 8.79% NCD INDIAN RAILWAY FINANCE CORPORATION LTD. MD 10.15% NCD BAJAJ FINANCE LTD. MD 19/09/2024 3.52 04/05/2030 1.75 8.56% NCD RURAL ELECTRIFICATION CORPORATION LTD. MD 29/11/2028 3.46 7.98% NCD NATIONAL HIGHWAYS AUTHORITY OF INDIA 23/12/2049 3.40 7.85% NCD POWER FINANCE CORPORATION LTD. MD 03/04/2028 3.32

ASSET ALLOCATION PERFORMANCE Period Fund Benchmark F&U ACTUAL Return 1 Month 0.60% 0.59%

EQUITIES 0% - Return 6 Month 1.30% 1.29%

Returns 1 Year 4.77% 6.24% FIXED INCOME SECURITIES Returns 2 Year 8.94% 9.55%

100% 100% Returns 3 Year 9.56% 9.93% MONEY MARKET INSTRUMENT Inception 7.52% 7.92%

Indepth | June 2021 | 15 SECURE FUND SFIN: ULIF00505/07/08SF0138 Inception Date 5 - 9 - 2008

Fund Manager : Karan Jhaveri Investment Objective : This fund aims at investing in a diversified portfolio of debt and money market instruments of short to medium term maturities. The main objective will be to generate investment income with very low volatility risk since asset durations would be reasonably small. NAV : 22.2489 AUM : 37.60 Cr Portfolio Duration : 2.16 Benchmark : CRISIL LIQUID FUND

RATING PROFILE MATURITY PROFILE SECTORAL PROFILE

GOVT BONDS 66.83 MORE THAN 6 MONTHS 88.58 SOVEREIGN 66.83 AAA 22.19 LESS THAN 6 MONTHS 11.42 FINANCIAL AND INSURANCE ACTIVITIES 13.96 A1+ 0.66 Total 100.00 INFRASTRUCTURE 8.72 CASH & CASH EQUIVALENTS 10.32 OTHERS 10.49 Total 100.00 TOTAL 100.00

DEBT HOLDINGS % of AUM DEBT HOLDINGS % of AUM

5.15% GSEC MD 09/11/2025 25.23 10.20% NCD HDB FINANCIAL SERVICES LTD. MD 17/10/2023 4.74 7.68% GSEC MD 15/12/2023 15.23 364 DAYS TREASURY BILL MD 22/07/2021 2.12 7.89% STATE GOVT OF MD 31/01/2024 11.83 CP HDB FINANCIAL SERVICES LTD MD 06/08/2021 0.66 8.49% NCD LNT INFRA DEBT FUND LTD MD.28/01/2025 8.72 9.37% TATA CAPITAL FINANCIAL SERVICES LTD. MD 31/03/2025 0.30 7.35% NCD BAJAJ FINANCE LTD. MD 10/11/2022 8.26 8% NCD BRITANNIA INDUSTRIES LTD. MD 28/08/2022 0.17 8.78% STATE GOVT OF GUJARAT MD 21/12/2021 7.33 364 DAYS TREASURY BILL MD 16/12/2021 5.09

ASSETASSET ALLOCATION ALLOCATION PERFORMANCE Period Fund Benchmark F&U ACTUAL Return 1 Month 0.49% 0.30%

EQUITIES 0% - Return 6 Month 1.13% 1.78%

Returns 1 Year 3.62% 3.82% FIXED INCOME 60% -100% 89.02% SECURITIES Returns 2 Year 5.80% 4.89%

Returns 3 Year 3.24% 5.82% MONEY MARKET 0% – 40% 10.98% INSTRUMENT Inception 6.48% 7.14%

Indepth | June 2021 | 16 PENSION SECURE FUND SFIN: ULIF00905/01/09PSECURE0138 Inception Date 20 - 01 - 2009

Fund Manager : Karan Jhaveri Investment Objective : This fund aims at investing in a diversified portfolio of debt and money market instruments of short to medium term maturities. The main objective will be to generate investment income with very low volatility risk since asset durations would be reasonably small. NAV : 22.7859 AUM : 1.42 Cr Portfolio Duration : 2.21 Benchmark : CRISIL LIQUID FUND

RATING PROFILE MATURITY PROFILE SECTORAL PROFILE

GOVT BONDS 82.27 MORE THAN 6 MONTHS 91.81 SOVEREIGN 82.27 AAA 7.62 LESS THAN 6 MONTHS 8.19 HOUSING SECTOR 7.62 10.11 CASH & CASH EQUIVALENTS 10.11 Total 100.00 OTHERS TOTAL 100.00 Total 100.00

DEBT HOLDINDS % of AUM

5.15% GSEC MD 09/11/2025 26.50 7.89% STATE GOVT OF MAHARASHTRA MD 31/01/2024 26.47 8.78% STATE GOVT OF GUJARAT MD 21/12/2021 14.50 7.68% GSEC MD 15/12/2023 11.33 7.99% NCD HOUSING DEVELOPMENT FINANCE CORPORATION LTD. MD 11/07/2024 7.62 364 DAYS TREASURY BILL MD 16/12/2021 3.46

ASSET ALLOCATION PERFORMANCE Period Fund Benchmark F&U ACTUAL Return 1 Month 0.46% 0.30%

EQUITIES 0% - Return 6 Month 1.26% 1.78%

Returns 1 Year 4.65% 3.82% FIXED INCOME SECURITIES Returns 2 Year 5.33% 4.89%

100% 100% Returns 3 Year 5.53% 5.82% MONEY MARKET INSTRUMENT Inception 6.81% 7.04%

Indepth | June 2021 | 17 CONSERVATIVE FUND SFIN: ULIF00310/07/08CONSERVATE0138 Inception Date 31 - 7 - 2009

Fund Manager : Avinash Agarwal Fund Manager : Karan Jhaveri Investment Objective : The aim of this fund is to invest not only into secured instruments but also to invest into equities, to ensure attractive returns. This fund will primarily invest into government debt, corporate debt and money market instruments. NAV : 27.3570 AUM : 0.37 Cr Portfolio Duration : 4.77 Benchmark : CRISIL COMPOSITE BOND FUND (80%) + Large-cap Equity Index(20%)

RATING PROFILE MATURITY PROFILE SECTORAL PROFILE

GOVT BONDS 66.06 0 - 5 YEARS 25.37 SOVEREIGN 66.06 CASH & CASH EQUIVALENTS 33.94 5 - 10 YEARS 25.32 OTHERS 33.94 Total 100.00 MORE THAN 10 YEARS 49.32 Total 100.00 Total 100.00

EQUITY HOLDINDS % of AUM EQUITY HOLDINDS % of AUM

RELIANCE INDUSTRIES LIMITED 1.83 TATA MOTORS LIMITED 0.22 HDFC BANK LIMITED 1.70 HINDALCO INDUSTRIES LIMITED 0.22 INFOSYS LIMITED 1.33 GRASIM INDUSTRIES LIMITED 0.20 ICICI BANK LIMITED 1.27 INDUSIND BANK LIMITED 0.19 HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED 1.26 MARUTI SUZUKI INDIA LIMITED 0.19 TATA CONSULTANCY SERVICES LIMITED 0.86 POWER GRID CORPORATION OF INDIA LIMITED 0.19 KOTAK MAHINDRA BANK LIMITED 0.69 ULTRATECH CEMENT LIMITED 0.18 ITC LIMITED 0.58 CIPLA LIMITED 0.18 AXIS BANK LIMITED 0.51 UPL LIMITED 0.16 HINDUSTAN UNILEVER LIMITED 0.51 DR REDDYS LABORATORIES LIMITED 0.15 BAJAJ FINANCE LIMITED 0.46 BHARAT PETROLEUM CORPORATION LIMITED 0.14 STATE BANK OF INDIA 0.45 NTPC LIMITED 0.14 LARSEN & TOUBRO LIMITED 0.44 OIL & NATURAL GAS CORPORATION LIMITED 0.12 ASIAN PAINTS LIMITED 0.41 BAJAJ AUTO LIMITED 0.11 HCL TECHNOLOGIES LIMITED 0.36 HDFC LIFE INSURANCE COMPANY LIMITED 0.09 BHARTI AIRTEL LIMITED 0.34 INDIAN OIL CORPORATION LIMITED 0.08 BAJAJ FINSERV LIMITED 0.32 HERO MOTOCORP LIMITED 0.08 WIPRO LIMITED 0.31 COAL INDIA LIMITED 0.07 TATA STEEL LIMITED 0.31 TATA CONSUMER PRODUCTS LIMITED 0.07 MAHINDRA & MAHINDRA LIMITED 0.29 SBI LIFE INSURANCE COMPANY LIMITED 0.05 SUN PHARMACEUTICAL INDUSTRIES LIMITED 0.27 YES BANK LIMITED 0.01 JSW STEEL LIMITED 0.27 TECH MAHINDRA LIMITED 0.25 TITAN COMPANY LIMITED 0.22

DEBT HOLDINGS % of AUM

6.64% GSEC MD 16/06/2035 21.84 8.15% GSEC MD 24/11/2026 15.06 7.40% GSEC MD 09/09/2035 14.58 6.45% GSEC MD 07/10/2029 5.52 5.15% GSEC MD 09/11/2025 5.40 6.22% GSEC MD 16/03/2035 2.62 9.23% GSEC MD 23/12/2043 1.04

Indepth | June 2021 | 18 INDUSTRY % of AUM

FINANCIAL AND INSURANCE ACTIVITIES 7.01 COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES 3.12 INFRASTRUCTURE 2.84 MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS 1.07 MANUFACTURE OF BASIC METALS 0.79 MFG OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL 0.60 MANUFACTURE OF TOBACCO PRODUCTS 0.58 CIVIL ENGINEERING 0.44 MANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERS 0.41 MANUFACTURE OF MACHINERY AND EQUIPMENT N.E.C. 0.29 OTHER MANUFACTURING 0.22 MANUFACTURE OF TEXTILES 0.20 MANUFACTURE OF OTHER TRANSPORT EQUIPMENT 0.20 MANUFACTURE OF OTHER NON-METALLIC MINERAL PRODUCTS 0.18 MINING OF COAL AND LIGNITE 0.07 MANUFACTURE OF FOOD PRODUCTS 0.07 SOVERIGN 66.06

ASSET ALLOCATION PERFORMANCE

Period Fund Benchmark F&U ACTUAL Return 1 Month 1.42% 1.77% EQUITIES 0% – 20% 18.10% Return 6 Month 3.92% 5.07%

FIXED INCOME 50% – 100% Returns 1 Year 12.95% 17.52% SECURITIES 66.06% Returns 2 Year 9.11% 10.50% MONEY MARKET INSTRUMENT 0 % – 40% 15.84% Returns 3 Year 9.25% 10.58%

Inception 8.87% 8.65%

Indepth | June 2021 | 19 BALANCED FUND SFIN: ULIF00205/07/08BF0138 Inception Date 20 - 8 - 2008

Fund Manager : Avinash Agarwal Fund Manager : Karan Jhaveri Investment Objective : This fund will aim to maintain a balance between equity and debt. NAV : 30.8140 AUM : 22.50 Cr Portfolio Duration : 5.59 Benchmark : CRISIL COMPOSITE BOND FUND (35%) + Large-cap Equity Index(65%)

RATING PROFILE

GOVT BONDS 34.74 AAA 7.27 A1+ 0.66 CASH & CASH EQUIVALENTS 57.33 Total 100.00

EQUITY HOLDINGS % of AUM EQUITY HOLDINGS % of AUM

RELIANCE INDUSTRIES LIMITED 5.76 TECH MAHINDRA LIMITED 0.52 HDFC BANK LIMITED 5.36 NESTLE INDIA LIMITED 0.52 INFOSYS LIMITED 4.21 INDUSIND BANK LIMITED 0.49 HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED 3.88 GRASIM INDUSTRIES LIMITED 0.48 ICICI BANK LIMITED 3.88 POWER GRID CORPORATION OF INDIA LIMITED 0.48 TATA CONSULTANCY SERVICES LIMITED 2.74 HINDALCO INDUSTRIES LIMITED 0.48 KOTAK MAHINDRA BANK LIMITED 1.80 TATA MOTORS LIMITED 0.47 HINDUSTAN UNILEVER LIMITED 1.72 BAJAJ AUTO LIMITED 0.45 ITC LIMITED 1.56 HDFC LIFE INSURANCE COMPANY LIMITED 0.45 LARSEN & TOUBRO LIMITED 1.48 NTPC LIMITED 0.44 STATE BANK OF INDIA 1.38 DIVIS LABORATORIES LIMITED 0.44 AXIS BANK LIMITED 1.32 CIPLA LIMITED 0.40 BAJAJ FINANCE LIMITED 1.26 UPL LIMITED 0.37 ASIAN PAINTS LIMITED 1.11 OIL & NATURAL GAS CORPORATION LIMITED 0.34 BHARTI AIRTEL LIMITED 1.07 HERO MOTOCORP LIMITED 0.32 HCL TECHNOLOGIES LIMITED 0.85 SBI LIFE INSURANCE COMPANY LIMITED 0.32 MARUTI SUZUKI INDIA LIMITED 0.78 BHARAT PETROLEUM CORPORATION LIMITED 0.31 TATA STEEL LIMITED 0.70 EICHER MOTORS LIMITED 0.31 WIPRO LIMITED 0.66 SHREE CEMENT LIMITED 0.31 MAHINDRA & MAHINDRA LIMITED 0.64 COAL INDIA LIMITED 0.26 ULTRATECH CEMENT LIMITED 0.64 INDIAN OIL CORPORATION LIMITED 0.23 BAJAJ FINSERV LIMITED 0.60 TATA CONSUMER PRODUCTS LIMITED 0.22 SUN PHARMACEUTICAL INDUSTRIES LIMITED 0.60 YES BANK LIMITED 0.02 JSW STEEL LIMITED 0.58 TITAN COMPANY LIMITED 0.55 DR REDDYS LABORATORIES LIMITED 0.53

DEBT HOLDINDS % of AUM DEBT HOLDINDS % of AUM

7.95% FERTILISER BOND MD 18/02/2026 14.03 8.70% NCD LIC HOUSING FINANCE LTD. MD 23/03/2029 0.50 6.22% GSEC MD 16/03/2035 12.81 7.85% NCD POWER FINANCE CORPORATION LTD. MD 03/04/2028 0.48 8.49% NCD LNT INFRA DEBT FUND LTD MD.28/01/2025 3.64 8.15% GSEC MD 24/11/2026 0.25 6.45% GSEC MD 07/10/2029 3.50 8.83% GSEC MD 12/12/2041 0.16 6.64% GSEC MD 16/06/2035 3.42 10.15% NCD BAJAJ FINANCE LTD. MD 19/09/2024 1.53 9.41% NCD INDIA INFRASTRUCTURE FINANCE COMPANY LTD. MD 27/07/2037 1.11 CP HDB FINANCIAL SERVICES LTD MD 06/08/2021 0.66 8.03% FOOD CORPORATION OF INDIA SPCIAL BOND MD 15/12/2024 0.58

Indepth | June 2021 | 20 INDUSTRY % of AUM

FINANCIAL AND INSURANCE ACTIVITIES 22.96 COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES 8.98 INFRASTRUCTURE 13.86 MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS 3.21 MFG OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL 1.97 MANUFACTURE OF BASIC METALS 1.76 MANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERS 1.56 MANUFACTURE OF TOBACCO PRODUCTS 1.56 CIVIL ENGINEERING 1.48 MANUFACTURE OF OTHER NON-METALLIC MINERAL PRODUCTS 0.95 MANUFACTURE OF OTHER TRANSPORT EQUIPMENT 0.77 MANUFACTURE OF FOOD PRODUCTS 0.74 MANUFACTURE OF MACHINERY AND EQUIPMENT N.E.C. 0.64 OTHER MANUFACTURING 0.55 MANUFACTURE OF TEXTILES 0.48 MINING OF COAL AND LIGNITE 0.26 HOUSING SECTOR 0.50 SOVERIGN 34.74

ASSET ALLOCATION PERFORMANCE Period Fund Benchmark F&U ACTUAL Return 1 Month 3.75% 4.44%

EQUITIES 30% – 70% 54.30% Return 6 Month 10.32% 13.55%

Returns 1 Year 32.54% 42.91% FIXED INCOME SECURITIES Returns 2 Year 10.77% 12.63% 30% – 70% 45.70% Returns 3 Year 10.44% 12.05% MONEY MARKET INSTRUMENT Inception 9.20% 9.67%

Indepth | June 2021 | 21 PENSION BALANCED FUND SFIN: ULIF00705/01/09PBALANCE0138 Inception Date 22 - 1 - 2009

Fund Manager : Avinash Agarwal Fund Manager : Karan Jhaveri Investment Objective : This fund will aim to maintain a balance between equity and debt. NAV : 33.8667 AUM : 3.63 Cr Portfolio Duration : 5.69 Benchmark : CRISIL COMPOSITE BOND FUND (35%) + Large-cap Equity Index(65%)

RATING PROFILE SECTORAL PROFILE

GOVT BONDS 28.44 SOVEREIGN 28.44 AAA 12.15 INFRASTRUCTURE 5.91 CASH & CASH EQUIVALENTS 59.42 HOUSING SECTOR 6.24 Total 100.00 OTHERS 59.42 TOTAL 100.00

EOUITY HOLDINGS % of AUM EOUITY HOLDINGS % of AUM

RELIANCE INDUSTRIES LIMITED 5.15 TECH MAHINDRA LIMITED 0.47 HDFC BANK LIMITED 5.00 INDUSIND BANK LIMITED 0.44 INFOSYS LIMITED 3.76 GRASIM INDUSTRIES LIMITED 0.44 ICICI BANK LIMITED 3.47 POWER GRID CORPORATION OF INDIA LIMITED 0.43 HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED 3.47 HINDALCO INDUSTRIES LIMITED 0.42 TATA CONSULTANCY SERVICES LIMITED 2.44 HDFC LIFE INSURANCE COMPANY LIMITED 0.42 KOTAK MAHINDRA BANK LIMITED 2.01 TATA MOTORS LIMITED 0.42 HINDUSTAN UNILEVER LIMITED 1.54 DIVIS LABORATORIES LIMITED 0.40 AXIS BANK LIMITED 1.44 BAJAJ AUTO LIMITED 0.40 ITC LIMITED 1.39 NTPC LIMITED 0.39 LARSEN & TOUBRO LIMITED 1.32 CIPLA LIMITED 0.39 STATE BANK OF INDIA 1.24 UPL LIMITED 0.33 BAJAJ FINANCE LIMITED 1.15 OIL & NATURAL GAS CORPORATION LIMITED 0.31 ASIAN PAINTS LIMITED 1.02 SHREE CEMENT LIMITED 0.30 BHARTI AIRTEL LIMITED 0.95 HERO MOTOCORP LIMITED 0.30 HCL TECHNOLOGIES LIMITED 0.78 SBI LIFE INSURANCE COMPANY LIMITED 0.29 MARUTI SUZUKI INDIA LIMITED 0.72 BHARAT PETROLEUM CORPORATION LIMITED 0.28 TATA STEEL LIMITED 0.63 EICHER MOTORS LIMITED 0.27 WIPRO LIMITED 0.59 COAL INDIA LIMITED 0.23 MAHINDRA & MAHINDRA LIMITED 0.59 INDIAN OIL CORPORATION LIMITED 0.22 ULTRATECH CEMENT LIMITED 0.57 TATA CONSUMER PRODUCTS LIMITED 0.19 BAJAJ FINSERV LIMITED 0.55 YES BANK LIMITED 0.02 SUN PHARMACEUTICAL INDUSTRIES LIMITED 0.55 JSW STEEL LIMITED 0.54 TITAN COMPANY LIMITED 0.51 NESTLE INDIA LIMITED 0.49 DR REDDYS LABORATORIES LIMITED 0.47

DEBT HOLDINDS % of AUM

6.22% GSEC MD 16/03/2035 10.57 7.95% FERTILISER BOND MD 18/02/2026 7.17 6.64% GSEC MD 16/06/2035 6.87 8.70% NCD LIC HOUSING FINANCE LTD. MD 23/03/2029 6.24 7.40% GSEC MD 09/09/2035 3.82 7.85% NCD POWER FINANCE CORPORATION LTD. MD 03/04/2028 2.98 7.79% NCD RURAL ELECTRIFICATION CORPORATION LTD. MD 21/05/2030 2.93

Indepth | June 2021 | 22 INDUSTRY % of AUM

FINANCIAL AND INSURANCE ACTIVITIES 19.50 COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES 8.04 INFRASTRUCTURE 13.63 MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS 2.89 MFG OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL 1.81 MANUFACTURE OF BASIC METALS 1.59 MANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERS 1.41 MANUFACTURE OF TOBACCO PRODUCTS 1.39 CIVIL ENGINEERING 1.32 MANUFACTURE OF OTHER NON-METALLIC MINERAL PRODUCTS 0.88 MANUFACTURE OF OTHER TRANSPORT EQUIPMENT 0.70 MANUFACTURE OF FOOD PRODUCTS 0.68 MANUFACTURE OF MACHINERY AND EQUIPMENT N.E.C. 0.59 OTHER MANUFACTURING 0.51 MANUFACTURE OF TEXTILES 0.44 MINING OF COAL AND LIGNITE 0.23 HOUSING SECTOR 6.24 SOVEREIGN 28.44

ASSET ALLOCATION PERFORMANCE Period Fund Benchmark F&U ACTUAL Return 1 Month 3.40% 4.44%

EQUITIES 30%-70% 49.71% Return 6 Month 9.88% 13.55%

Returns 1 Year 33.44% 42.91% FIXED INCOME SECURITIES Returns 2 Year 10.67% 12.63%

30% -70% 50.29% Returns 3 Year 10.41% 12.05% MONEY MARKET INSTRUMENT Inception 10.29% 12.66%

Indepth | June 2021 | 23 STABLE FUND SFIN: ULIF01303/09/10STABLE0138 Inception Date 24 - 9 - 2010

Fund Manager : Avinash Agarwal Fund Manager : Karan Jhaveri Investment Objective : This fund will aim to maintain a balance between equity and debt exposure so that the client has a stable and attractive long term return. The fund will also shift allocation between debt and equity to gain from asset price movements over medium to long term. NAV : 22.9119 AUM : 23.20 Cr Portfolio Duration : 5.74 Benchmark : CRISIL COMPOSITE BOND FUND (35%) + Large-cap Equity Index(65%)

RATING PROFILE SECTORAL PROFILE

GOVT BONDS 32.19 SOVEREIGN 32.19 AAA 5.21 FINANCIAL AND INSURANCE ACTIVITIES 2.63 A1+ 2.14 INFRASTRUCTURE 3.74 CASH & CASH EQUIVALENTS 60.46 HOUSING SECTOR 0.98 Total 100.00 OTHERS 60.46 Total 100.00

EQUITY HOLDINGS % of AUM EQUITY HOLDINGS % of AUM

RELIANCE INDUSTRIES LIMITED 6.01 NESTLE INDIA LIMITED 0.53 HDFC BANK LIMITED 5.16 INDUSIND BANK LIMITED 0.51 INFOSYS LIMITED 4.40 GRASIM INDUSTRIES LIMITED 0.49 ICICI BANK LIMITED 4.05 POWER GRID CORPORATION OF INDIA LIMITED 0.49 HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED 3.58 HINDALCO INDUSTRIES LIMITED 0.49 TATA CONSULTANCY SERVICES LIMITED 2.81 TATA MOTORS LIMITED 0.48 ULTRATECH CEMENT LIMITED 2.04 BAJAJ AUTO LIMITED 0.46 LARSEN & TOUBRO LIMITED 1.99 HDFC LIFE INSURANCE COMPANY LIMITED 0.46 KOTAK MAHINDRA BANK LIMITED 1.88 NTPC LIMITED 0.45 HINDUSTAN UNILEVER LIMITED 1.77 DIVIS LABORATORIES LIMITED 0.45 ITC LIMITED 1.60 CIPLA LIMITED 0.41 STATE BANK OF INDIA 1.42 UPL LIMITED 0.39 AXIS BANK LIMITED 1.36 OIL & NATURAL GAS CORPORATION LIMITED 0.35 BAJAJ FINANCE LIMITED 1.30 HERO MOTOCORP LIMITED 0.33 ASIAN PAINTS LIMITED 1.14 SBI LIFE INSURANCE COMPANY LIMITED 0.33 BHARTI AIRTEL LIMITED 1.09 BHARAT PETROLEUM CORPORATION LIMITED 0.32 HCL TECHNOLOGIES LIMITED 0.87 EICHER MOTORS LIMITED 0.32 MARUTI SUZUKI INDIA LIMITED 0.80 SHREE CEMENT LIMITED 0.31 TATA STEEL LIMITED 0.72 COAL INDIA LIMITED 0.26 WIPRO LIMITED 0.68 INDIAN OIL CORPORATION LIMITED 0.23 MAHINDRA & MAHINDRA LIMITED 0.65 TATA CONSUMER PRODUCTS LIMITED 0.22 BAJAJ FINSERV LIMITED 0.62 YES BANK LIMITED 0.02 SUN PHARMACEUTICAL INDUSTRIES LIMITED 0.61 JSW STEEL LIMITED 0.60 TITAN COMPANY LIMITED 0.56 DR REDDYS LABORATORIES LIMITED 0.54 TECH MAHINDRA LIMITED 0.53

Indepth | June 20211 | 24 DEBT HOLDINGS % of AUM

6.22% GSEC MD 16/03/2035 12.38 7.95% FERTILISER BOND MD 18/02/2026 8.31 6.64% GSEC MD 16/06/2035 3.45 6.45% GSEC MD 07/10/2029 3.13 8.49% NCD LNT INFRA DEBT FUND LTD MD.28/01/2025 2.35 7.89% STATE GOVT OF MAHARASHTRA MD 31/01/2024 2.31 CP HDB FINANCIAL SERVICES LTD MD 06/08/2021 2.14 7.72% GSEC MD 26/102055 1.67 8.70% NCD LIC HOUSING FINANCE LTD. MD 23/03/2029 0.98 7.40% GSEC MD 09/09/2035 0.94 10.15% NCD BAJAJ FINANCE LTD. MD 19/09/2024 0.49 7.85% NCD POWER FINANCE CORPORATION LTD. MD 03/04/2028 0.47 7.79% NCD RURAL ELECTRIFICATION CORPORATION LTD. MD 21/05/2030 0.46 7.75% POWER FINANCE CORPORATION LIMITED 11/06/2030 0.46

INDUSTRY % of AUM

FINANCIAL AND INSURANCE ACTIVITIES 23.33 COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES 9.28 INFRASTRUCTURE 12.69 MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS 3.30 MANUFACTURE OF OTHER NON-METALLIC MINERAL PRODUCTS 2.35 MFG OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL 2.02 CIVIL ENGINEERING 1.99 MANUFACTURE OF BASIC METALS 1.80 MANUFACTURE OF TOBACCO PRODUCTS 1.60 MANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERS 1.60 MANUFACTURE OF OTHER TRANSPORT EQUIPMENT 0.80 MANUFACTURE OF FOOD PRODUCTS 0.75 MANUFACTURE OF MACHINERY AND EQUIPMENT N.E.C. 0.65 OTHER MANUFACTURING 0.56 MANUFACTURE OF TEXTILES 0.49 MINING OF COAL AND LIGNITE 0.26 HOUSING SECTOR 0.98 SOVERIGN 32.19

ASSET ALLOCATION PERFORMANCE Period Fund Benchmark F&U ACTUAL Return 1 Month 3.84% 4.44%

EQUITIES 20%-80% 57.11% Return 6 Month 10.65% 13.55%

Returns 1 Year 33.21% 42.91% FIXED INCOME SECURITIES Returns 2 Year 10.48% 12.63% 20%-80% 42.89% Returns 3 Year 10.42% 12.05% MONEY MARKET INSTRUMENT Inception 8.06% 9.23%

Indepth | June 2021 | 25 NAVPF FUND SFIN: ULIF01124/08/09NAVPF0138 Inception Date 8 - 9 - 2009

Fund Manager : Karan Jhaveri Investment Objective : This fund aims at restricting the fall in NAV at any point of time below 80% of the highest NAV recorded from the date of inception of this fund. NAV : 21.6232 AUM : 26.59 Cr Portfolio Duration : 0.16

RATING PROFILE SECTORAL PROFILE Current NAV 21.6232 GOVT BONDS 4.02 SOVEREIGN 4.02 CASH & CASH EQUIVALENTS 95.98 OTHERS 95.98 Max NAV 21.6232 Total 100.00 Total 100.00 80% of Max NAV 17.2986

EOUITY HOLDINGS % of AUM EOUITY HOLDINGS % of AUM

RELIANCE INDUSTRIES LIMITED 8.94 HINDALCO INDUSTRIES LIMITED 0.86 INFOSYS LIMITED 6.60 POWER GRID CORPORATION OF INDIA LIMITED 0.85 HDFC BANK LIMITED 6.21 TATA MOTORS LIMITED 0.84 HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED 4.32 ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED 0.83 TATA CONSULTANCY SERVICES LIMITED 4.32 BAJAJ AUTO LIMITED 0.80 ICICI BANK LIMITED 4.31 NTPC LIMITED 0.79 HINDUSTAN UNILEVER LIMITED 3.26 DIVIS LABORATORIES LIMITED 0.78 ITC LIMITED 2.50 TECH MAHINDRA LIMITED 0.72 KOTAK MAHINDRA BANK LIMITED 2.49 CIPLA LIMITED 0.71 LARSEN & TOUBRO LIMITED 2.28 BAJAJ FINSERV LIMITED 0.67 AXIS BANK LIMITED 1.77 UPL LIMITED 0.66 ASIAN PAINTS LIMITED 1.71 OIL & NATURAL GAS CORPORATION LIMITED 0.61 BHARTI AIRTEL LIMITED 1.65 HERO MOTOCORP LIMITED 0.57 STATE BANK OF INDIA 1.53 SHREE CEMENT LIMITED 0.56 BAJAJ FINANCE LIMITED 1.40 BHARAT PETROLEUM CORPORATION LIMITED 0.55 MARUTI SUZUKI INDIA LIMITED 1.25 EICHER MOTORS LIMITED 0.55 TATA STEEL LIMITED 1.24 INDUSIND BANK LIMITED 0.54 HCL TECHNOLOGIES LIMITED 1.16 TATA CONSUMER PRODUCTS LIMITED 0.52 ULTRATECH CEMENT LIMITED 1.14 HDFC LIFE INSURANCE COMPANY LIMITED 0.52 MAHINDRA & MAHINDRA LIMITED 1.14 COAL INDIA LIMITED 0.46 SUN PHARMACEUTICAL INDUSTRIES LIMITED 1.06 INDIAN OIL CORPORATION LIMITED 0.41 TITAN COMPANY LIMITED 0.98 SBI LIFE INSURANCE COMPANY LIMITED 0.36 DR REDDYS LABORATORIES LIMITED 0.94 YES BANK LIMITED 0.02 NESTLE INDIA LIMITED 0.93 WIPRO LIMITED 0.91 JSW STEEL LIMITED 0.88 GRASIM INDUSTRIES LIMITED 0.86

DEBT HOLDINGS % of AUM

364 DAYS TREASURY BILL MD 07/04/2022 3.65 364 DAYS TREASURY BILL MD 16/09/2021 0.37

Indepth | June 2021 | 26 INDUSTRY % of AUM

FINANCIAL AND INSURANCE ACTIVITIES 24.14 INFRASTRUCTURE 14.64 COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES 13.72 MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS 5.63 MFG OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL 3.50 MANUFACTURE OF BASIC METALS 2.97 MANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERS 2.64 MANUFACTURE OF TOBACCO PRODUCTS 2.50 CIVIL ENGINEERING 2.28 MANUFACTURE OF OTHER NON-METALLIC MINERAL PRODUCTS 1.70 MANUFACTURE OF FOOD PRODUCTS 1.46 MANUFACTURE OF OTHER TRANSPORT EQUIPMENT 1.38 MANUFACTURE OF MACHINERY AND EQUIPMENT N.E.C. 1.14 OTHER MANUFACTURING 0.98 MANUFACTURE OF TEXTILES 0.86 MINING OF COAL AND LIGNITE 0.46 SOVERIGN 4.02

ASSET ALLOCATION PERFORMANCE

F&U ACTUAL Period Fund Benchmark

Return 1 Month 4.96% 4.44% EQUITIES 0%-100% 79.98% Return 6 Month 12.72% 13.55%

Returns 1 Year 25.51% 42.91% FIXED INCOME SECURITIES Returns 2 Year 3.83% 12.63% 0%-100% 20.02% Returns 3 Year 5.23% 12.05% MONEY MARKET INSTRUMENT Inception 6.79% 9.74%

*T&C apply. Indepth | June 2021 | 27 An Aegon & Times Group Company www.aegonlife.com

NOW WITH THE NEW ITERM, HEADS, YOU WIN. TAILS, YOU WIN.

NEW AEGON LIFE ITERM INSURANCE PLAN

GET YOUR REGULAR MONTHLY INCOME TERM INSURANCE AFTER THE AGE OF 60

NEW-AGE BENEFITS InstaCover™ Quit Smoking Benefits Tax Benefits Health Benefits

Aegon Life Insurance

Give missed call on 1800-300-23466

AEGON, toh tension gone. ABOUT AEGON LIFE

Aegon Life Insurance Company Limited is focused on fulfilling its vision of creating tension-free lives. Pursuing the same goal, we provide a complete product suite, customized advice, and are constantly looking to enhance the overall customer experience. Aegon Life was formed with the coming together of Aegon N. V, an international provider of life insurance, pensions and asset management, and Bennett Coleman and Company, India's largest media conglomerate popularly known as the Times Group. This union brings together a local approach, with global expertise of launching products that cater to different sets of customers to meet their long-term financial goals. The company is headquartered in , India, with its branches across various cities. It serves 3 Lakh+ customers serving the vision- Aegon, toh tension gone.

ABOUT AEGON

Aegon’s roots date back to over 175 years ago. They operate in over 20 countries, including the United States, where they are known as Transamerica. Their head office, however, can still be found in The Hague, the Netherlands. Aegon is committed to helping their customers achieve a healthy and financially secure future. This commitment requires a sustainable, long-term-oriented business that takes their customers, the environment and the communities where they are active, into consideration.

ABOUT BENNETT, COLEMAN & COMPANY LIMITED

The Times Group is one of the leading media conglomerates in India having its presence in print, radio, TV, outdoor media, and the internet through Bennett, Coleman and Company Limited (BCCL), and its subsidiaries. The Times of India, the flagship brand of the company, is the top-selling English newspaper in India and the world by circulation. With a turnover exceeding a billion dollars, the group has the support of over 25,000 advertisers, 11,000 employees, and an audience spanning across all continents.

Indepth | June 2021 | 29 Disclaimers THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICY HOLDER. Funds do not offer guaranteed or assured returns. Investments are subject to market risk. For more details, please contact your Financial Advisors. Unit Link Life Insurance Products are different from the Traditional Insurance Products and are subject to the risk factors. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Aegon Life Insurance company Limited is only the name of the Insurance company and the specified Unit Linked funds do not in any way indicate the quality of the contract, its future prospects or returns. For more details on ALI products and respective risk factors, terms and conditions please read respective sales brochure documents carefully before concluding a sale. The respective sales brochure documents for various products are published in the website - www.aegonlife.com.This document is issued by Aegon Life Insurance Company Limited. While reasonable care has been taken in preparing this document, no responsibility or liability is accepted for errors of fact or for any opinion expressed herein. This document is for information purposes only. It does not constitute any offer, recommendation or solicitation to any person to enter into any transaction or adopt any investment strategy, nor does it constitute any prediction of likely future movements in NAVs. Past performance is not necessarily indicative of future performance. We have reviewed the report, and insofar as it includes current or historical information, it is believed to be reliable though its accuracy or completeness cannot be guaranteed. Neither Aegon Life Insurance Company Limited, nor any person connected with it, accepts any liability arising from the use of this document. You are advised to make your own independent judgment with respect to any matter contained herein. Insurance is the subject matter of the solicitation. Corporate Identity No.: U66010MH2007PLC169110. Website: www.aegonlife.com. Fax: 022-61180200/300. Email: [email protected]. Aegon Life Insurance Company Limited Registration No. 138. Registered office: A - 201, 2nd Floor, Leela Business Park, Andheri-Kurla Road, Andheri (E), Mumbai - 400059.

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/ FRAUDULENT OFFERS! IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Aegon Life Insurance Company Limited A - 201, 2nd Floor, Leela Business Park, Andheri-Kurla Road, Andheri (E), Mumbai - 400059. Tel: +91 2261180100 | Fax: 02261180200/300 E-mail: [email protected] Website : www.aegonlife.com

Indepth | June 2021 | 30