Fund Fact Sheet Unit Linked Insurance Plans – Individual policyholders October 2019

Disclaimer: Past performance may or may not be sustained in future and is not a guarantee of future performance. Some of the contents of this document may contain statements / estimates / expectations / predictions, which may be 'forward looking'. The actual outcomes could differ materially from those expressed /implied in this document. These statements, do not intend to provide personal recommendation to any specific individual or any investment needs of an individual. The recommendations / statements / estimates / expectations / predictions are of general in nature and may not take into account the specific investment needs or risk appetite or financial situations of individual clients. Therefore, before acting on any advice or recommendations contained in this document, readers, in their own interest, should consider seeking advice from any authorized and professional investment advisors or financial consultants.’ MarketFirst Monthly Report October 2019

The month witnessed a sharp rise in the equity market indices UK PM Boris Johnson agreed to a new Brexit deal with the EU. whereas the 10 – year government bond yields remained range However, members of the British parliament didn’t approve of rushing bound. Equity markets continued their momentum of the previous through the legislation process for Britain to leave the EU by the 31 month backed by RBI’s continued monetary easing, expectations October deadline, thus extending the departure deadline to 31 January of a relief on the personal income tax front and strong global cues 2020. In the interim, general elections will be held in the UK in whereas fixed income markets were impacted by concerns of December. potential fiscal slippage on account of the recently announced Macro-economic data emanating from the US was mixed with labour corporate tax rate cuts. market (payrolls) data coming below market expectations, Institute for Below are some key pointers which impacted the markets during Supply Management’s (ISM) manufacturing purchasing managers’ the month: index (PMI) indicating a contraction in manufacturing whereas Real GDP growth coming above expectations and the unemployment rate • ’s rank jumped to 63rd position in World Bank's ‘Ease of Doing remaining at multi-decade lows. Business 2020’ report. Domestically, equity market indices built on the momentum gained last • Retail inflation, as measured by the CPI, grew 3.99 percent in month. On the monetary policy front, the RBI continued its monetary September 2019 vs 3.21 percent in August 2019, almost at the RBI's easing as economic data remained subdued with industrial production medium-term target of 4 per cent, after being below the target for data for the previous month as also the core sector data for September thirteen straight months. month showing a de-growth whereas inflation inched up to RBI’ • Factory output, as measured by the IIP, de-grew 1.1 percent in medium term target. Government continued its efforts to spur domestic August vs 4.3 percent growth in July. demand by announcing a 5% hike in dearness allowance for central • Ltd stock price fell ~16 percent in a single trading session government employees and pensioners. after the company disclosed that it received an anonymous whistle GST collection for September stood at ~ INR 95380 crore (vs ~ INR blower complaint. 91916 crore in August), third straight month of remaining below the • BJP along with its allies retained power in the state of Maharashtra INR 1 lakh crore mark. The revenue figure represents a 5.3 percent and emerged as the single largest party in Haryana in the recently YoY fall. concluded state elections. Movement / Trends in key market variables: Performance of Sectoral indices during October 2019

Present Price Change Particulars Level 3M 6M 1 Year Crude ($ / bbl.) 60.23 -7.58% -17.27% -20.19% Gold ($ / ounce) 1512.99 7.02% 17.88% 24.55% USD / INR 70.9287 3.10% 1.96% -4.09% MSCI Emerging Market Index 1041.98 0.48% -3.45% 9.00% MSCI World Market Index 2233.53 2.10% 2.50% 10.50% Nifty 50 11877.45 6.83% 1.10% 14.35% Equity Market Valuation: Sensex @ 40247 FY19 FY20E FY21E EPS 1390 1975 2320 PE 28.95 20.3 17.34 Source: Select Brokerage Average. Debt Market Data Points: Present Basis Point Change With regards to the institutional flows, FPI were net buyers of equities Particulars Level (%) 3M 6M 1 Year (cash market) worth INR 14656 Cr (USD 2062 mn) and debt worth INR 5055 Cr (USD 713 mn). DIIs too remained buyers of equities worth India 10 year bond yield 6.45 8 (96) (143) INR 4675 Cr (USD 650 mn).

AAA – 10 year Spread 1.39 11 26 38 Market Outlook: Spread (India 10 year – US 4.76 40 (14) 5 10 year) Equity Market Outlook:

Market Overview: At current levels of approx. 40247, SENSEX is trading at 20.3x Mar 2020 earnings estimate (Select brokerage estimates) of INR 1975. Global equities continued their rise in October supported by rising hopes of a trade deal between the US & China, indications of easing of In light of lower economic growth expectations for major global geopolitical tensions and continued accommodative monetary policy economies alongside negative interest rate scenario, India remains a stance of global central banks. bright spot. Factors such as; strong government with a reformist mindset at the center, fiscal prudence, attractive interest rates vis-à-vis A preliminary trade deal, between the two largest economies, meant to global peers, surplus monsoons for the season, lower crude / be signed in Chile is now expected to be signed at an alternate location commodity prices make India stand out from the rest. Several growth as indicated by US President Trump. The US Fed cut interest rates for oriented economic reform measures would eventually translate into a thirdtimeinarowwiththeFedChairmanstronglyhintingabout‘standing higher economic growth trajectory. pat’ for the time being and at the same time acknowledging the risks facing the global economy. In the near term, global uncertainties and risks such as an escalation of The government has stayed with the borrowing plan for the fiscal, as geopolitical tensions in the Middle East and the ongoing trade war, no- announced in the budget, sending a strong signal that it will try and deal UK Brexit & potential economic slowdown in major global meet the fiscal deficit target despite a sharp cut in corporate tax rate economies would weigh on market sentiments. On the other hand, that is expected to cost Rs 1.45 lakh crore. continued accommodative monetary policy path of global central banks The Federal Reserve in its meeting held this month cut the policy rates accompanied by quantitative easing & fiscal stimulus measures could by 25bps (3rd rate cut in last 4 months) aimed at supporting the remain supportive of markets sentiments. economy due to weakening global growth and trade tensions. Rupee Domestically, recent government announced measures aimed at has been stable during the month trading in the range of around Rs. 71- accelerating domestic demand and expected monetary transmission Rs.71.50. augur well for the domestic aggregate demand in the medium term. Oil prices which have been volatile during the previous month post This along with the recent reduction in corporate taxes could spur attack on the Saudi Arabia Aramco’s oil facilities are now stabilized after private corporate investments. A combination of rising consumer restoration of full oil outputs. Extended monsoon till end of October and demand, private capex and government expenditure may spur cyclone in the western coastal areas have raised concerns about its economic growth in the medium term but maintaining the fiscal balance impact on the food prices and its impact on the inflation going ahead. could remain a challenge for the government. The ongoing Q2FY20 corporate earnings season will also be keenly watched. Gross tax collection continued to be a concern with the impact of corporate tax cut and decline in indirect tax collections as a result of Considering the steep correction witnessed in the broader markets vis- reduction in GST rates and MSME sector refunds. RBI has signaled à-vis large cap peers, an increase in allocation towards quality names accommodative stance going forward aimed at aiding the growth and from the broader markets can be considered. Investments in Dynamic the market can expect further rate cuts in the policy rates By RBI going Asset Allocation Fund would also be a good option. Equity as an asset forward. Impact of Normal monsoon, direct tax & GST collections, final class has proven its ability to deliver superior returns in the long term decision on the issue of overseas sovereign bonds, US & China trade and investors should approach the equity markets with a horizon of at war, oil prices and expected fiscal slippages as a result of cut in the least 5 years. corporate tax might impact bond yields in the near future. We are keeping a modified duration of around 4 years in our Funds Debt Market Outlook: keeping a very close watch on the data points and the investments are The 10-year G-Sec yields closed at the levels of 6.65% against the concentrated in the medium end of the yield curve in the present previous month close of 6.70% and remained rangebound throughout scenario. the month amid fears of extra government borrowings mainly on account of lower tax collections (post corporate tax cut). India’s retail price inflation rate increased to the levels of 3.99% year on year in September 2019 from 3.21% in the previous month. It was the highest inflation rate since July last year as food prices rose to 3 year high. With the inflation below the medium-term target, the Monetary PolicyCommittee(MPC)ofRBIwithanaimofaidingthegrowthhas cumulatively cut the policy rates by 135 bps in the policy rates (5 consecutive rate cuts) maintaining the policy stance to accommodative.

Disclaimer Some of the contents of this document may contain statements/ estimates/ expectations/ predictions, which may be 'forward looking'. The actual outcomes could differ materially from those expressed / implied in this document. These statements, do not intend to provide personal recommendation to any specific individual or any investment needs of an individual. The recommendations/ statements/ estimates/ expectations / predictions are of general in nature and may not take into account the specific investment needs or risk appetite or financial situations of individual clients. Therefore, before acting on any advice or recommendations contained in this document, readers, in their own interest, should consider seeking advice from any authorized and professional investment advisors or financial consultants.' The above data has been generated from sources in public domain. IndiaFirst Life Insurance Company Limited. IRDAI Reg. No. 143. Address: 12th and 13th Floor, North [C] wing, Tower 4, Nesco IT Park, Nesco Center, Western Express Highway, Goregaon (East), Mumbai – 400063 CIN: U66010MH2008PLC183679. Fund Manager’s Comments October 2019

Fund Manager's Comments on Debt Portfolio

The 10 year G-Sec yields closed at the levels of 6.65% against the previous month close of 6.70% and remained range bound throughout the month amid fears of extra government borrowings mainly on account of lower tax collections (post corporate tax cut). India’s retail price inflation rate increased to the levels of 3.99% year on year in September 2019 from 3.21% in the previous month. It was the highest inflation rate since July last year as food prices rose to 3 year high. With the inflation below the medium term target, the Monetary Policy Committee (MPC) of RBI with an aim of aiding the growth has cumulatively cut the policy rates by 135 bps in the policy rates (5 consecutive rate cuts) maintaining the policy stance to accommodative. The Federal Reserve in its meeting held this month cut the policy rates by 25bps (3rd rate cut in last 4 months) aimed at supporting the economy due to weakening global growth and trade tensions. Rupee has been stable during the month trading in the range of around Rs. 71- Rs.71.50. Oil prices which have been volatile during the previous month post attack on the Saudi Arabia Aramco’s oil facilities are now stabilized after restoration of full oil outputs. Extended monsoon till end of October and cyclone in the western coastal areas have raised concerns about its impact on the food prices and its impact on the inflation going ahead. Gross tax collection continued to be a concern with the impact of corporate tax cut and decline in indirect tax collections as a result of reduction in GST rates and MSME sector refunds. RBI has signaled accommodative stance going forward aimed at aiding the growth and the market can expect further rate cuts in the policy rates By RBI going forward. Impact of Normal monsoon, direct tax & GST collections, final decision on the issue of overseas sovereign bonds, US & China trade war, oil prices and expected fiscal slippages as a result of cut in the corporate tax might impact bond yields in the near future. We are keeping a modified duration of around 4 years in our Funds keeping a very close watch on the data points and the investments are concentrated in the medium end of the yield curve in the present scenario.

Fund Manager's Comments on Equity Portfolio

In the month of Oct 2019, Indian markets witnessed sharp gains with the Sensex and Nifty closing +3.78% and +3.51% respectively. The BSE Midcap (+5.39%) ended positively outperforming the headline indices. The performance of the key Global indices was positive on the back of US and China authorities moving closer to agreeing a partial trade deal & US Fed’s third interest rate cut this year to spur the economic growth. On the domestic front factors such as positive global cues, 25 bps rate cut by RBI, governments effort to bring back consumer demand and the expectations of individual income tax rate cut cheered sentiments. The ongoing Q2FY20 earnings season has been a mixed bag on expected lines.On the Economy front, the data was negative with the CPI inflation inching higher to 3.9% in Sept-19 as against 3.2% in Aug-19, while the IIP growth softened to 0.3% in Sept-19 as against 1.1% in Aug-19. FPIs bought equity worth US$ 2.0 bn while DIIs bought equity worth US$ 0.65 bn in cash segment. Going ahead, globally, US-China trade deal, impact of Brexit, economic slowdown in major economies and key central banks stance on monetary policy would be key factors in determining market directions. On the domestic front the outcome of ongoing Q2FY20 earnings season and governments measures to improve the consumer demand and transmission of lower interest rates by banks would be keenly watched. Broader markets have witnessed steep correction vis-a-vis headline indices thus providing investment opportunities in quality stocks at attractive valuations. We would prefer a tilt towards broader markets with a long-term view. In light of the changing dynamics, we prefer Rural & selective Consumer themes, corporate banking space, selective auto stocks and Capital goods to which we have realigned our portfolio. Going ahead, we may tactically take a call on cash levels based on market movement and attractiveness of individual sectors/ companies. Summary of performance of Funds vs. Benchmark (As on October 31, 2019) Unit Linked Insurance Plans - Individual policyholders Returns in % Funds Name & Benchmark 1 year 3 years 5 years Since Inception

Equity Fund 16.18 8.36 6.41 8.72 Benchmark (90% Nifty 50 Index & 10% CBLO Index* ) 13.52 10.68 7.28 8.66 Nifty 50 Index 14.35 11.20 7.37 8.86

Equity1 Fund 15.98 10.13 7.68 8.69 Benchmark (90% Nifty 50 Index & 10% CBLO Index*) 13.52 10.68 7.28 7.95 Nifty 50 Index 14.35 11.20 7.37 8.04

Equity Pension Fund 14.19 9.57 7.33 9.29 Benchmark (90% Nifty 50 Index & 10% CBLO Index*) 13.52 10.68 7.28 8.66 Nifty 50 Index 14.35 11.20 7.37 8.86

Index Tracker Fund 14.07 10.73 7.16 7.74 Benchmark (95% Nifty 50 Index & 5% CBLO Index*) 13.94 10.94 7.33 7.77 Nifty 50 Index 14.35 11.20 7.37 7.80

Value Fund 14.30 8.82 8.13 9.37 Benchmark (90% S&P BSE 100 Index & 10% CBLO Index*) 11.89 9.93 7.34 7.82 S&P BSE 100 Index 12.54 10.37 7.43 7.89

Dynamic Asset Allocation Fund 12.24 6.29 6.37 10.93 Benchmark (60% Nifty 50 Index, 10% CBLO Index* & 30% IISL – Composite Debt Index) 13.32 9.48 7.66 9.95

Balanced Fund 15.12 8.21 7.03 8.02 Benchmark (60% Nifty 50 Index, 10% CBLO Index* & 30% IISL – Composite Debt Index) 13.32 9.48 7.66 8.42

Balanced 1 Fund 13.06 7.77 6.96 7.68 Benchmark (60% Nifty 50 Index, 10% CBLO Index* & 30% IISL – Composite Debt Index) 13.32 9.48 7.66 8.11

Balanced Pension Fund 13.32 8.72 7.43 8.38 Benchmark (60% Nifty 50 Index, 10% CBLO Index* & 30% IISL – Composite Debt Index) 13.32 9.48 7.66 8.42

Debt Fund 7.77 4.56 6.80 7.07 Benchmark (85% IISL – Composite Debt Index & 15% CBLO Index*) 12.54 7.01 8.30 7.88

Debt1 Fund 2.64 2.91 5.70 6.65 Benchmark (85% IISL – Composite Debt Index & 15% CBLO Index*) 12.54 7.01 8.30 8.16

Debt Fund Pension 8.41 4.74 6.77 6.97 Benchmark (85% IISL – Composite Debt Index & 15% CBLO Index*) 12.54 7.01 8.30 7.88

Liquid Fund 4.36 4.39 4.93 5.45 Benchmark (100% CBLO Index*) 6.03 6.04 6.49 6.99

Liquid Pension Fund 4.10 4.12 4.70 5.50 Benchmark (100% CBLO Index*) 6.03 6.04 6.49 6.88

Note: 1. The above summary is based on the data as on October 31, 2019 2. Equity Fund - Returns less than year are Absolute & Returns over one year are CAGR (Compound Annual Growth Rate) 3. Debt Fund - Returns less than year are simple annualised & Returns over one year are CAGR (Compound Annual Growth Rate) 4. Past performance may or may not be sustained in future and is not a guarantee of future performance 5. *CBLO Index - Nifty 1D Rate Index provided by NSE-India Index Services and Products Ltd. Funds at a Glance

Name of the FundEquity Fund/Equity Pension Fund Name of the Fund Balanced Fund/Balanced Pension Fund Balanced Fund with exposure to equity and debt Nature of the Fund Equity Growth Fund - Primarily invested in equity Nature of the Fund investments

To provide high growth opportunities with an objective To provide higher growth with reasonable security, by Investment Objective of long term capital appreciation through investments Investment Objective investing primarily in equity instruments and moderate primarily in equity and equity related instruments. allocation in debt securities/ bonds.

This fund is positioned as a balanced mix of debt and This Fund is positioned as a diversified equity fund with equity, with the asset allocation pattern providing a a moderate exposure to mid-cap stocks. The aim of the good opportunity to provide consistent and sustainable Fund is to provide a stable and sustainable relative out returns. The equity portion will have a highly diversified performance vis-à-vis the benchmark. The Fund will portfolio with high liquidity while the debt portion will Fund Positioning stick to the theme of discipline, diligence and dividend Fund Positioning comprise of high rated debt instruments with low to yield while selecting equity stocks. The Fund will have moderate liquidity. The asset allocation will follow a an exposure of upto 30 percent to mid-cap companies. macro level market scenario and the individual stock The remaining exposure will continue to be in large-cap selection will be with micro level performance companies. expectations of the stocks and securities.

Asset Allocation Equity Debt Money market Asset Allocation Equity Debt Money market Minimum 80 0 0 Minimum 50 30 0 Maximum 100 0 20 Maximum 70 50 20 Chief Investment Officer Shri A.K.Sridhar, B.Sc, ACA Chief Investment Office Shri A.K.Sridhar, B.Sc, ACA Fund Manager Viraj Nadkarni- Fund Manager Debt - Sandeep Shirsat - B.Com, ICWA M.Com, C.S. ( Company Secretary), MBA ( Finance) Equity - Viraj Nadkarni Date of Launch November 25, 2009 M.Com, C.S. ( Company Secretary), MBA ( Finance) Net Asset Value Declared every business day Fund's Fact Sheet Published monthly Date of Launch November 9, 2011 Benchmark Composition (90% Nifty 50 Index & 10% Net Asset Value Declared every business day Benchmark CBLO Index*) Fund's Fact Sheet Published monthly Benchmark Composition (60% Nifty 50 Index, 10% Benchmark CBLO Index* & 30% IISL – Composite Debt Index Name of the Fund Debt Fund/Debt Pension Fund Index) Nature of the Fund Primarily invested in debt instruments

To generate a good level of income and prospects for Name of the Fund Liquid Pension Fund capital growth through diversified investment in Investment Objective corporate debt instruments, government securities and Nature of the Fund Investment in liquid and money market instruments money market investments.

To provide capital protection with growth at short-term This fund is positioned as a pure debt oriented fund, Investment Objective with asset allocation pattern providing a good interest rates while providing a high level of liquidity. opportunity to provide consistent and sustainable returns. The debt portfolio will comprise of high rated debt instruments with a low to moderate liquidity, This Fund is positioned as a pure debt oriented short government securities and money market investments term liquid fund with the asset allocation pattern giving Fund Positioning with very high safety and easy liquidity. The asset a reasonable opportunity to provide consistent and allocation between corporate debt and government sustainable returns, with very high liquidity. The securities/money market investments and the portfolio Fund Positioning investment portfolio will primarily comprise of high rated duration of the fund, will follow a macro level economic short term money market investments with very high scenario while the individual corporate debt safety and easy liquidity. The maturity profile and the investments will follow with a micro level credit portfolio duration will follow a macro level economic worthiness and debt servicing capacity of companies. scenario and the expected liquidity needs of the fund. Asset Allocation Equity Debt Money market Minimum 0 70 0 Asset Allocation Equity Debt Money market Maximum 0 100 30 Minimum 0 0 80 Chief Investment Officer Shri A.K.Sridhar, B.Sc, ACA Maximum 0 20 100 Head – Fixed Income Dr. Poonam Tandon Chief Investment Office Shri A.K.Sridhar, B.Sc, ACA

B.Com ( Hons.), PGDBM( XLRI, Jamshedpur) , CAIIB , Ph.D ( Head – Fixed Income Dr. Poonam Tandon Financial Management) B.Com ( Hons.), PGDBM( XLRI, Jamshedpur) , CAIIB , Ph.D ( Fund Manager Sandeep Shirsat- B.Com, ICWA Financial Management) Date of Launch November 25, 2009 Fund Manager Sandeep Shirsat- B.Com, ICWA Net Asset Value Declared every business day Date of Launch November 25, 2009 Fund's Fact Sheet Published monthly Net Asset Value Declared every business day Benchmark Composition (85% IISL – Composite Debt Fund's Fact Sheet Published monthly Benchmark Index & 15% CBLO Index*) Benchmark 100% CBLO Index* Funds at a Glance

Name of the FundValue Fund Name of the Fund Dynamic Asset Allocation Fund

Nature of the Fund Growth Fund Nature of the Fund Equity Fund- proportion varies with P/E model

To provide long-term capital appreciation with relatively To provide high growth opportunities with an objective lower volatility by dynamically adjusting the capital Investment Objective of long term capital appreciation through investments Investment Objective allocation between equity and fixed income primarily in equity and equity related instruments. instruments. This fund will be positioned as a multi-cap pure value This Fund would be positioned as a dynamic equity fund with clearly defined investment criteria for fund aiming to provide a stable and sustainable relative investing in value stocks. The fund will invest in stocks Fund Positioning Fund Positioning out performance vis-àvis the benchmark. The asset that are relatively undervalued to their intrinsic value allocation between equity and fixed income instruments and will create wealth for investors in the medium to will be based on the PE level of the index (Sensex). long term. Asset Allocation Equity Debt Money market Asset Allocation Equity Debt Money market Minimum 70 0 0 Minimum 0 0 0 Maximum 100 0 30 Maximum 80 80 40 Chief Investment Officer Shri A.K.Sridhar, B.Sc, ACA Chief Investment Office Shri A.K.Sridhar, B.Sc, ACA Fund Manager Viraj Nadkarni Fund Manager Viraj Nadkarni M.Com, C.S. (Company Secretary), MBA (Finance) M.Com, C.S. (Company Secretary), MBA (Finance) Date of Launch September 16, 2010 Date of Launch September 09, 2011 Net Asset Value Declared every business day Net Asset Value Declared every business day Fund's Fact Sheet Published monthly Fund's Fact Sheet Published monthly

Benchmark Composition (90% S&P BSE 100 Index & Benchmark Composition (60% Nifty 50 Index, 10% Benchmark Benchmark 10% CBLO Index*) CBLO Index* & 30% IISL – Composite Debt Index)

Name of the Fund Index Tracker Fund # Nifty 50/ S&P BSE 100 Index Equity Fund, Equity Fund Pension, Balanced Fund, Balanced Fund Pension and Nature of the Fund Equity Index Fund Index Tracker Fund are benchmarked to Nifty 50 Index which is not sponsored endorsed, sold or promoted by India Index Services & Products Limited (IISL). IISL is not responsible for any errors or omissions or the results obtained from the The principal investment objective of the scheme is to use of such index and in no event shall IISL have any liability to any party forany invest in stocks of companies comprising large cap damages of whatsoever nature (including lost profits) resulted to such party due to Investment Objective Index stocks and endeavour to achieve return purchase or sale or otherwise of such product benchmarked to such index. equivalent to large cap index. “Standard & Poor's® and “S&P® are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by (BSE). The S&P BSE 100 Index is not compiled, calculated or distributed by Standard & Poor's and Major portion of this Fund will be invested only in large Standard & Poor's and BSE make no representation regarding the advisability of cap index equity stocks. The exposure / weightages of investing in products that utilize any such Index as a component. All rightsinthe Fund Positioning S&P SENSEX/ S&P BSE 100 vest in Bombay Stock Exchange Ltd. (“BSE”). BSE investment stocks will, however be subject to and SENSEX are trademarks of BSE and are used by IndiaFirst Life Insurance regulatory investment guidelines and exposure norms. Company Limited. BSE shall not be liable in any manner whatsoever (including in negligence) for any loss arising to any person whosoever out of use of or reliance on the SENSEX by any person. Asset Allocation Equity Debt Money market Minimum 90 0 0 Maximum 100 0 10 Chief Investment Officer Shri A.K.Sridhar, B.Sc, ACA Fund Manager Viraj Nadkarni- M.Com, C.S. ( Company Secretary), MBA ( Finance) Date of Launch September 22, 2010 Net Asset Value Declared every business day Fund's Fact Sheet Published monthly Benchmark Composition (95% Nifty 50 Index & 5% Benchmark CBLO Index*) Fund Options under IndiaFirst ULIP Products - Individual Policyholders & Group Policyholders As on October 31, 2019 Group Individual Products Products

IndiaFirs IndiFirst IndiaFirs IndiaFirs IndiaFirst IndiaFirs IndiaFirst IndiFirst IndiaFirst IndiaFirst t Money t t Life IndiaFirst t Young Happy Fund Name Education Future Smart Back Health Money High Wealth Employee Savings India India Plan @ Plan@ Save Insurance Balance Life maximizer Benefit Plan Plan @ Plan @ Plan Plan Plan@ Plan Plan@ Plan

Equity Fund YY NNNNN NNN N Debt Fund YY NNNNN NNN N Balanced Fund YY NNNNN NNN N Liquid Fund YY NNNNN NNN N Equity Fund Pension NN NYNNN NNN N Debt Fund Pension NN NYNNN NNN N Balanced Fund Pension NN NYNNN NNN N Liquid Fund Pension NN NYNNN NNN N Equity1 Fund NN YNYY Y YN Y N Balanced1 Fund NN YNYY Y NNY N Debt1 Fund NN YNYY Y YY Y N Index Tracker Fund NN YNNN Y NNY N Value Fund NN YNYY Y NNY N Dynamic Asset Allocation Fund NN NNNNN NY Y N Equity Elite Opportunities Fund NN NNNNN NNY Liquid1 Fund # NN YNYY Y NY N N

Cash Fund NN NNNNN NNN Y Bond Fund NN NNNNN NNN Y Equity Advantage Fund NN NNNNN NNN Y Dynamic Moderator Fund NN NNNNN NNN Y

#Only available for Settlement Options for the Systematic Transfer of Fund benefit

@Closed for New business - only renewal premiums now

*The earlier IndiaFirst Smart save Plan and IndiaFirst Money Balance Plan had Index Tracker Fund option. However, they were relaunched without this option Equity 1 Fund (SFIN:ULIF009010910EQUTY1FUND143)

Fact Sheet for October 2019 ( based on portfolio as on 31.10.2019 ) Investment Objective Portfolio Nature of Security/Security Name Percentage To provide high growth opportunities with an objective of long term capital appreciation through investments primarily in equity and equity related instruments. Equity Top 20 Equity Securities Ltd 8.36 Name Date of Inception NAV as on October 31, 2019 ICICI Bank Ltd 5.66 Equity 1 Fund15-Sep-10 Rs. 21.4077 ITC Ltd 5.55 Larsen & Toubro Limited 5.28 AUM Fund Manager Funds managed by the Fund Manager HDFC Bank Ltd 4.89 Rs. 1896 croreViraj Nadkarni Equity - 7, Debt - 0, Balanced - 5 Infosys Technologies Ltd 4.78 Reliance ETF Bank BeES 3.99 Kotak Banking ETF 3.97 Targeted Asset Allocation Pattern in Percentage HDFC 3.52 Minimum Maximum Actual Tata Consultancy Services Ltd 3.45 Equity Shares 80 100 98 Ltd 3.28 Debt Securities and Bonds 0 10 0 State 2.80 Cash and Money Market Investments 0 20 2 Ltd 2.70 The actual asset allocation will remain within the 'minimum' and 'maximum' range based on market Titan Industries Ltd 2.24 opportunities and future outlook of the markets Mahindra & Mahindra 2.15 Hero Motocorp Limited 1.92 Fund Positioning Ltd 1.91 This Fund is positioned as a highly diversified equity fund aiming to provide a stable and NTPC Ltd 1.86 sustainable relative out performance visà-vis the benchmark. The fund will stick to the theme Manappuram Finance Ltd. 1.61 of discipline, diligence and dividend yield while selecting equity stocks. It will invest at least 70 UPL Ltd 1.37 percent of its exposure to equity in large cap stocks (from Nifty 50 Index or BSE 100 Index) Others (See Annexure 1 for details) 26.38 and the remaining may be invested in mid/ small-cap equity stocks. Total - Equity Securities 97.67

Money Market Instruments 2.33 MF Units – Liquid Funds 0.00 Grand Total 100.00 Asset Allocation in crore as on October 31, 2019 44.21 Fund Manager's Comments 2% In the month of Oct 2019, Indian markets witnessed sharp gains with the Sensex and Nifty closing +3.78% and +3.51% respectively. The BSE Midcap (+5.39%) ended positively outperforming the headline indices. The performance of the key Global indices was positive on the back of US and China authorities moving closer toagreeing a partial trade deal & US Fed’s third interest rate cut this year to spur the economic growth. On the domestic front factors such as positive global cues, 25 bps rate cut by RBI, governments effort to bring back consumer demand and the expectationsof 1851.34 individual income tax rate cut cheered sentiments. The ongoing Q2FY20 earnings 98% season has been a mixed bag on expected lines.On the Economy front, the data was negative with the CPI inflation inching higher to 3.9% in Sept-19 as against3.2%in Equity Money Market Instruments Aug-19, while the IIP growth softened to 0.3% in Sept-19 as against 1.1% in Aug-19. FPIs bought equity worth US$ 1.8 bn while DIIs bought equity worth US$ 0.65 bnin cash segment. Returns (%) Composite Period Equity 1 Fund Going ahead, globally, US-China trade deal, impact of Brexit, economic slowdown in Benchmark* major economies and key central banks stance on monetary policy would be key 1 Month 3.34 3.20 factors in determining market directions. On the domestic front the outcome of ongoing 6 Months 3.81 1.27 Q2FY20 earnings season and governments measures to improve the consumer demand and transmission of lower interest rates by banks would be keenly 13.52 1 Year 15.98 watched. Broader markets have witnessed steep correction vis-a-vis headline 2 Years 7.32 7.08 indices thus providing investment opportunities in quality stocks at attractive valuations. 3 Years 10.13 10.68 We would prefer a tilt towards broader markets with a long-term view. 5 Years 7.68 7.28 Since Inception 8.69 7.95 In light of the changing dynamics, we prefer Rural & selective Consumer themes, *For details please refer "Fund at a Glance; # Annualised Retuns corporate banking space, selective auto stocks and Capital goods to which we have Industry -wise Exposure realigned our portfolio. Going ahead, we may tactically take a call on cash levels based on market movement and attractiveness of individual sectors/ companies. Drugs & pharmaceuticals 2.87%

Natural Gas Trading & Distribution 3.20%

Miscellaneous 3.97%

Asset Management Services (Mutual Funds) 3.99%

Cosmetics, toiletries, soaps & detergents 4.76%

Tobacco Products 5.55%

Industrial construction 6.09%

Refinery 9.46%

Computer software 9.92%

Financial and Insurance Activities 24.70%

Others 25.49%

0% 5% 10% 15% 20% 25% 30%

Quantitative Indicators (Equity) Std Dev (Annualised) Sharpe Ratio Portfolio Beta 13.96% 0.76 1.07 Equity Fund (SFIN:ULIF001161109EQUITYFUND143)

Fact Sheet for October 2019 ( based on portfolio as on 31.10.2019 ) Investment Objective Portfolio Nature of Security/Security Name Percentage To provide high growth opportunities with an objective of long term capital appreciation through investments primarily in equity and equity related instruments. Equity Top 20 Equity Securities HDFC Bank Ltd 5.82 Name Date of Inception NAV as on October 31, 2019 ICICI Bank Ltd 5.52 Equity Fund25-Nov-09 Rs. 22.9573 Reliance Industries Ltd 4.65 ITC Ltd 4.59 AUM Fund Manager Funds managed by the Fund Manager Larsen & Toubro Limited 4.11 Rs. 254 croreViraj Nadkarni Equity - 7, Debt - 0, Balanced - 5 Infosys Technologies Ltd 3.80 Kotak Banking ETF 3.78 Reliance ETF Bank BeES 3.52 Targeted Asset Allocation Pattern in Percentage Tata Consultancy Services Ltd 3.29 Minimum Maximum Actual Titan Industries Ltd 2.55 Equity Shares 80 100 97 Axis Bank Ltd 2.23 Debt Securities and Bonds 0 10 0 2.20 Cash and Money Market Investments 0 20 3 Manappuram Finance Ltd. 2.18 The actual asset allocation will remain within the 'minimum' and 'maximum' range based on market Mahindra & Mahindra 2.14 opportunities and future outlook of the markets Bajaj Finance Ltd 2.06 NTPC Ltd 1.77 Fund Positioning Britannia Industries Ltd 1.75 This Fund is positioned as a highly diversified equity fund aiming to provide a stable and Glaxosmithkline Pharma Ltd 1.57 sustainable relative out performance visà- vis the benchmark.The Fund will stick to the theme Hero Motocorp Limited 1.52 of discipline, diligence and dividend yield while selecting equity stocks. It will invest at least 70 Hindustan Unilever Ltd 1.49 percent of its exposure to equity in large cap stocks and the remaining may beinvestedin Others (See Annexure 1 for details) 36.10 mid/ small-cap equity stocks. Total - Equity Securities 96.64

Money Market Instruments 3.36 MF Units – Liquid Funds 0.00 Grand Total 100.00 Asset Allocation in crore as on October 31, 2019 8.53 Fund Manager's Comments 3% In the month of Oct 2019, Indian markets witnessed sharp gains with the Sensex and Nifty closing +3.78% and +3.51% respectively. The BSE Midcap (+5.39%) ended positively outperforming the headline indices. The performance of the key Global indices was positive on the back of US and China authorities moving closer toagreeing a partial trade deal & US Fed’s third interest rate cut this year to spur the economic growth. On the domestic front factors such as positive global cues, 25 bps rate cut by 245.34 RBI, governments effort to bring back consumer demand and the expectationsof individual income tax rate cut cheered sentiments. The ongoing Q2FY20 earnings 97% season has been a mixed bag on expected lines.On the Economy front, the data was negative with the CPI inflation inching higher to 3.9% in Sept-19 as against3.2%in Equity Money Market Instruments Aug-19, while the IIP growth softened to 0.3% in Sept-19 as against 1.1% in Aug-19. FPIs bought equity worth US$ 1.8 bn while DIIs bought equity worth US$ 0.65 bnin cash segment. Returns (%) Composite Period Equity Fund Going ahead, globally, US-China trade deal, impact of Brexit, economic slowdown in Benchmark* major economies and key central banks stance on monetary policy would be key 1 Month 2.96 3.20 factors in determining market directions. On the domestic front the outcome of ongoing 6 Months 3.74 1.27 Q2FY20 earnings season and governments measures to improve the consumer demand and transmission of lower interest rates by banks would be keenly 13.52 1 Year 16.18 watched. Broader markets have witnessed steep correction vis-a-vis headline 2 Years 5.13 7.08 indices thus providing investment opportunities in quality stocks at attractive valuations. 3 Years 8.36 10.68 We would prefer a tilt towards broader markets with a long-term view. 5 Years 6.41 7.28 Since Inception 8.72 8.66 In light of the changing dynamics, we prefer Rural & selective Consumer themes, *For details please refer "Fund at a Glance; # Annualised Retuns corporate banking space, selective auto stocks and Capital goods to which we have Industry -wise Exposure realigned our portfolio. Going ahead, we may tactically take a call on cash levels based on market movement and attractiveness of individual sectors/ companies. Cement 3.32%

Natural Gas Trading & Distribution 3.38%

Drugs & pharmaceuticals 3.44%

Asset Management Services (Mutual Funds) 3.52%

Miscellaneous 3.78%

Industrial construction 4.11%

Tobacco Products 4.59%

Refinery 5.83%

Computer software 9.54%

Financial and Insurance Activities 24.53%

Others 33.96%

0% 5% 10% 15% 20% 25% 30% 35% 40%

Quantitative Indicators (Equity) Std Dev (Annualised) Sharpe Ratio Portfolio Beta 14.41% 0.76 1.09 Equity Fund - Pension (SFIN:ULIF002161109EQUFUNDPEN143)

Fact Sheet for October 2019 ( based on portfolio as on 31.10.2019 ) Investment Objective Portfolio Nature of Security/Security Name Percentage To provide higher growth with reasonable security, by investing primarilyinequity instruments and moderate allocation in debt securities/ bonds. Equity Top 20 Equity Securities Reliance Industries Ltd 9.23 Name Date of Inception NAV as on October 31, 2019 HDFC Bank Ltd 6.12 Equity Fund - 25-Nov-09 Rs. 24.1711 HDFC 5.94 Pension Infosys Technologies Ltd 5.51 AUM Fund Manager Funds managed by the Fund Manager Tata Consultancy Services Ltd 5.15 Rs. 103 croreViraj Nadkarni Equity - 7, Debt - 0, Balanced - 5 ITC Ltd 5.14 Larsen & Toubro Limited 4.28 Reliance ETF Bank BeES 4.01 Targeted Asset Allocation Pattern in Percentage Kotak Banking ETF 4.00 Minimum Maximum Actual Hindustan Unilever Ltd 3.67 Equity Shares 80 100 98 ICICI Bank Ltd 3.30 Debt Securities and Bonds 0 10 0 Ltd 2.64 Cash and Money Market Investments 0 20 2 India Ltd 2.42 The actual asset allocation will remain within the 'minimum' and 'maximum' range based on market Ltd 1.93 opportunities and future outlook of the markets Ltd 1.65 Axis Bank Ltd 1.50 Fund Positioning Bajaj Finance Ltd 1.50 This Fund is positioned as a diversified equity fund with a moderate exposure to mid-cap HCL Technologies Ltd 1.39 stocks. The aim of the Fund is to provide a stable and sustainable relative out performance Mahindra & Mahindra 1.35 vis-àvis the benchmark. The Fund will stick to the theme of discipline, diligence and dividend Titan Industries Ltd 1.32 yield while selecting equity stocks. The Fund will have an exposure of upto 30 percent to mid- Others (See Annexure 1 for details) 25.53 cap companies. The remaining exposure will continue to be in largecap companies. Total - Equity Securities 97.60

Money Market Instruments 2.40 MF Units – Liquid Funds 0.00 Grand Total 100.00 Asset Allocation in crore as on October 31, 2019 2.47 Fund Manager's Comments 2% In the month of Oct 2019, Indian markets witnessed sharp gains with the Sensex and Nifty closing +3.78% and +3.51% respectively. The BSE Midcap (+5.39%) ended positively outperforming the headline indices. The performance of the key Global indices was positive on the back of US and China authorities moving closer toagreeing a partial trade deal & US Fed’s third interest rate cut this year to spur the economic growth. On the domestic front factors such as positive global cues, 25 bps rate cut by RBI, governments effort to bring back consumer demand and the expectationsof 100.46 individual income tax rate cut cheered sentiments. The ongoing Q2FY20 earnings 98% season has been a mixed bag on expected lines.On the Economy front, the data was negative with the CPI inflation inching higher to 3.9% in Sept-19 as against3.2%in Equity Money Market Instruments Aug-19, while the IIP growth softened to 0.3% in Sept-19 as against 1.1% in Aug-19. FPIs bought equity worth US$ 1.8 bn while DIIs bought equity worth US$ 0.65 bnin cash segment. Returns (%) Equity Fund - Composite Period Going ahead, globally, US-China trade deal, impact of Brexit, economic slowdown in Pension Benchmark* major economies and key central banks stance on monetary policy would be key 1 Month 3.44 3.20 factors in determining market directions. On the domestic front the outcome of ongoing 6 Months 1.43 1.27 Q2FY20 earnings season and governments measures to improve the consumer demand and transmission of lower interest rates by banks would be keenly 13.52 1 Year 14.19 watched. Broader markets have witnessed steep correction vis-a-vis headline 2 Years 7.00 7.08 indices thus providing investment opportunities in quality stocks at attractive valuations. 3 Years 9.57 10.68 We would prefer a tilt towards broader markets with a long-term view. 5 Years 7.33 7.28 Since Inception 9.29 8.66 In light of the changing dynamics, we prefer Rural & selective Consumer themes, *For details please refer "Fund at a Glance; # Annualised Retuns corporate banking space, selective auto stocks and Capital goods to which we have Industry -wise Exposure realigned our portfolio. Going ahead, we may tactically take a call on cash levels based on market movement and attractiveness of individual sectors/ companies. Drugs & pharmaceuticals 2.50%

Two & Three Wheelers 2.54%

Cosmetics, toiletries, soaps & detergents 3.67%

Miscellaneous 4.00%

Asset Management Services (Mutual Funds) 4.01%

Industrial construction 4.28%

Tobacco Products 5.14%

Refinery 11.07%

Computer software 13.92%

Financial and Insurance Activities 24.23%

Others 24.65%

0% 5% 10% 15% 20% 25% 30%

Quantitative Indicators (Equity) Std Dev (Annualised) Sharpe Ratio Portfolio Beta 13.71% 0.66 1.06 Equity Elite Opportunities (SFIN:ULIF020280716EQUELITEOP143)

Fact Sheet for October 2019 ( based on portfolio as on 31.10.2019 ) Investment Objective Portfolio Nature of Security/Security Name Percentage To provide growth opportunities with an objective of long term capital appreciation through investments primarily in equity and equity related instruments and an active Equity management of asset allocation between Equity and Money Market instruments. Top 20 Equity Securities ICICI Bank Ltd 6.38 Name Date of Inception NAV as on October 31, 2019 Reliance Industries Ltd 5.68 Equity Elite 27-Oct-16 Rs. 13.0476 ITC Ltd 4.99 Opportunities Larsen & Toubro Limited 4.34 AUM Fund Manager Funds managed by the Fund Manager Infosys Technologies Ltd 4.22 Rs. 16 croreViraj Nadkarni Equity - 7, Debt - 0, Balanced - 5 Tata Consultancy Services Ltd 3.92 HDFC Bank Ltd 3.71 Kotak Banking ETF 3.25 Targeted Asset Allocation Pattern in Percentage Reliance ETF Bank BeES 3.25 Minimum Maximum Actual State Bank of India 2.94 Equity Shares 60 100 96 NTPC Ltd 2.71 Debt Securities and Bonds 0 0 0 Mahindra & Mahindra 2.30 Cash and Money Market Investments 0 40 4 Titan Industries Ltd 2.20 The actual asset allocation will remain within the 'minimum' and 'maximum' range based on market Axis Bank Ltd 1.94 opportunities and future outlook of the markets Manappuram Finance Ltd. 1.80 Bajaj Finance Ltd 1.63 Fund Positioning Hindustan Unilever Ltd 1.59 This Fund is positioned as a diversified equity fund aiming to provide a stable and sustainable UPL Ltd 1.53 relative out performance vis-à-vis the benchmark. The fund would stick to the theme of Hero Motocorp Limited 1.48 discipline, diligence and dividend yield while selecting the equity stocks. It would invest at Polycab India Limited 1.19 least 70 % of its exposure to equity in the large cap stocks and the remaining could be in mid Others (See Annexure 1 for details) 35.08 / small cap equity stocks. Total - Equity Securities 96.14

Money Market Instruments 3.86 MF Units – Liquid Funds 0.00 Grand Total 100.00 Asset Allocation in crore as on October 31, 2019 0.60 Fund Manager's Comments 4% In the month of Oct 2019, Indian markets witnessed sharp gains with the Sensex and Nifty closing +3.78% and +3.51% respectively. The BSE Midcap (+5.39%) ended positively outperforming the headline indices. The performance of the key Global indices was positive on the back of US and China authorities moving closer toagreeing a partial trade deal & US Fed’s third interest rate cut this year to spur the economic growth. On the domestic front factors such as positive global cues, 25 bps rate cut by 14.97 RBI, governments effort to bring back consumer demand and the expectationsof individual income tax rate cut cheered sentiments. The ongoing Q2FY20 earnings 96% season has been a mixed bag on expected lines.On the Economy front, the data was negative with the CPI inflation inching higher to 3.9% in Sept-19 as against3.2%in Equity Money Market Instruments Aug-19, while the IIP growth softened to 0.3% in Sept-19 as against 1.1% in Aug-19. FPIs bought equity worth US$ 1.8 bn while DIIs bought equity worth US$ 0.65 bnin cash segment. Returns (%) Equity Elite Composite Period Going ahead, globally, US-China trade deal, impact of Brexit, economic slowdown in Opportunities Benchmark* major economies and key central banks stance on monetary policy would be key 1 Month 3.09 2.27 factors in determining market directions. On the domestic front the outcome of ongoing 6 Months 3.84 1.77 Q2FY20 earnings season and governments measures to improve the consumer demand and transmission of lower interest rates by banks would be keenly 11.02 1 Year 14.80 watched. Broader markets have witnessed steep correction vis-a-vis headline 2 Years 6.43 6.73 indices thus providing investment opportunities in quality stocks at attractive valuations. 3 Years 9.25 9.14 We would prefer a tilt towards broader markets with a long-term view. 5 Years - - Since Inception 9.24 9.16 In light of the changing dynamics, we prefer Rural & selective Consumer themes, *For details please refer "Fund at a Glance; # Annualised Retuns corporate banking space, selective auto stocks and Capital goods to which we have Industry -wise Exposure realigned our portfolio. Going ahead, we may tactically take a call on cash levels based on market movement and attractiveness of individual sectors/ companies. Conventional Electricity 2.71%

Drugs & pharmaceuticals 3.20%

Asset Management Services (Mutual Funds) 3.25%

Miscellaneous 3.25%

Natural Gas Trading & Distribution 4.31%

Tobacco Products 4.99%

Industrial construction 5.81%

Refinery 6.63%

Computer software 10.26%

Financial and Insurance Activities 24.00%

Others 31.60%

0% 5% 10% 15% 20% 25% 30% 35%

Quantitative Indicators (Equity) Std Dev (Annualised) Sharpe Ratio Portfolio Beta 13.10% 0.73 1.48 Balanced Fund (SFIN:ULIF005161109BALANCEDFN143) Fact Sheet for October 2019 ( based on portfolio as on 31.10.2019 ) Investment Objective Portfolio Nature of Security/Security Name Rating Percentage To provide higher growth with reasonable security, by investing primarilyinequity Equity instruments and moderate allocation in debt securities/ bonds. Top 10 Equity Securities HDFC Bank Ltd 5.29 Name Date of Inception NAV as on October 31, 2019 ICICI Bank Ltd 4.33 Balanced Fund 25-Nov-09 Rs. 21.5302 Reliance Industries Ltd 3.29 ITC Ltd 3.08 AUM Fund Manager Funds managed by the Fund Manager Larsen & Toubro Limited 2.79 Sandeep Shirsat Equity - 0, Debt - 7, Balanced - 5 Tata Consultancy Services Ltd 2.22 Rs. 147 crore Viraj Nadkarni Equity - 7, Debt - 0, Balanced - 5 Infosys Technologies Ltd 2.21 Axis Bank Ltd 1.98 Targeted Asset Allocation Pattern in Percentage State Bank of India 1.84 Minimum Maximum Actual Titan Industries Ltd 1.66 Equity Shares 50 70 66 Others (See Annexure 1 for details) 36.82 Debt Securities and Bonds 30 50 31 Total - Equity Securities 65.53 Cash and Money Market Investments 0204 The actual asset allocation will remain within the 'minimum' and 'maximum' range based on market Debt opportunities and future outlook of the markets Top Sovereign Securities 8.17% Government of India 2044 3.04 Fund Positioning 8.3% Government of India 2040 1.34 This Fund is positioned as a balanced mix of debt and equity, with the asset allocation 7.26% Government of India 2029 1.24 pattern providing a good opportunity to provide consistent and sustainable returns. The 8.83% Government of India 2041 0.81 equity portion will have a highly diversified portfolio with high liquidity while the debt portion Total - Sovereign Securities 6.42 will comprise of high rated debt instruments with a low to moderate liquidity. The asset allocation will follow a macro level market scenario and the individual stock selection will be Top 10 Corporate bonds with micro level performance expectations of the stocks and securities. 7.17% National Highways Authority of India 2021 AAA 7.90 9.95% Food Corporation of India 2022 AAA 2.18 9.35% Rural Electrification Corp 2022 AAA 2.17 8.48% LIC Housing Finance Ltd 2020 AAA 2.05 Asset Allocation in crore as on October 31, 2019 9.22% LIC Housing Finance Ltd 2024 AAA 1.85 5.33 7.95% India Infradebt Limited 2024 AAA 1.41 4% 7.71% L&T Finance 2022 AAA 1.39 9.29% Power Finance Corporation Ltd 2022 AAA 1.39 45.46 8.5% HDFC 2020 AAA 1.38 31% 10.02% Mahindra & Mahindra Fin. Serv. 2022 AA+ 0.92 96.57 Others (See Annexure 1 for details) 1.81 65% Total - Corporate bonds 24.43

Money Market Instruments 3.62 MF Units – Liquid Funds 0.00 Equity Debt Money Market Instruments Grand Total 100.00

Returns (%) Balanced Composite Period Fund Benchmark* 1 Month 2.49 2.46 6 Months 5.03 3.23 1 Year 15.12 13.32 2 Years 6.22 7.18 Credit Profile of Debt and Money Market Investments 3 Years 8.21 9.48 Nature Percentage 5 Years 7.03 7.66 GSEC & T Bills 18.62 Since Inception 8.02 8.42 AAA & P1+ & PR1+ & A1+ 65.58 *For details please refer "Fund at a Glance AA+ & AA 4.79 Industry -wise Exposure (%) AA- 0.00

Natural Gas Trading & Distribution 2.35% A & Below 0.52 Fixed Deposits with Banks 0.00 Industrial construction 2.79% CBLO/TREPS/ Other Money Market Investments 10.49 Tobacco Products 3.08% Total 100.00 Refinery 3.99% Maturity Profile of Debt Portfolio Infrastructure Finance Services 5.32% Period Exposure in Percentage Housing finance services 5.81% 0 - 3 Months 10.49 Computer software 6.16% 3 - 12 Months 9.94 1 - 3 Years 50.97 Sovereign 6.42% 3 - 5 Years 9.98 Business Services & Consultancy 8.40% 5 - 10 Years 3.59 Financial and Insurance Activities 23.33% > 10 Years 15.03

Others 32.35% Total 100.00

0% 5% 10% 15% 20% 25% 30% 35%

Quantitative Indicators (Equity) Std Dev (Annualised) Sharpe Ratio Portfolio Beta 9.02% 1.04 1.02

Quantitative Indicators (Debt) Average Maturity (Years) Modified Duration (Years) Fund Manager's Comments 5.37 3.30 Please refer to the page “Fund Manager's Comments” Balanced 1 Fund (SFIN:ULIF011010910BALAN1FUND143) Fact Sheet for October 2019 ( based on portfolio as on 31.10.2019 ) Investment Objective Portfolio Nature of Security/Security Name Rating Percentage To provide higher growth with reasonable security, by investing primarilyinequity Equity instruments and moderate allocation in debt securities/ bonds. Top 10 Equity Securities HDFC Bank Ltd 5.49 Name Date of Inception NAV as on October 31, 2019 Reliance Industries Ltd 5.32 Balanced 1 Fund 14-Sep-10 Rs. 19.6596 ICICI Bank Ltd 5.09 ITC Ltd 3.46 AUM Fund Manager Funds managed by the Fund Manager Larsen & Toubro Limited 3.40 Sandeep Shirsat Equity - 0, Debt - 7, Balanced - 5 Infosys Technologies Ltd 2.89 Rs. 369 crore Viraj Nadkarni Equity - 7, Debt - 0, Balanced - 5 Axis Bank Ltd 2.70 State Bank of India 2.63 Targeted Asset Allocation Pattern in Percentage Tata Consultancy Services Ltd 2.11 Minimum Maximum Actual Hindustan Unilever Ltd 2.00 Equity Shares 50 70 65 Others (See Annexure 1 for details) 30.39 Debt Securities and Bonds 30 50 30 Total - Equity Securities 65.47 Cash and Money Market Investments 0205 The actual asset allocation will remain within the 'minimum' and 'maximum' range based on market Debt opportunities and future outlook of the markets Top Sovereign Securities 8.08% Government of India 2022 4.28 Fund Positioning 7.26% Government of India 2029 1.41 This Fund is positioned as a balanced mix of debt and equity, with the asset allocation 6.79% Government of India 2027 1.36 pattern providing a good opportunity to provide consistent and sustainable returns. The 7.72% Government of India 2025 0.90 equity portion will have a highly diversified portfolio with high liquidity while the debt portion 6.68% Government of India 2031 0.80 will comprise of high rated debt instruments with a low to moderate liquidity. The asset 8.97% Government of India 2030 0.31 allocation will follow a macro level market scenario and the individual stock selection will be Total - Sovereign Securities 9.06 with micro level performance expectations of the stocks and securities. Top 10 Corporate bonds 8.57% Rural Electrification Corp 2024 AAA 4.31 9.95% Food Corporation of India 2022 AAA 3.12 Asset Allocation in crore as on October 31, 2019 9.05% JK Lakshmi Cement Ltd 2021 AA- 2.75 17.29 9.35% Rural Electrification Corp 2022 AAA 1.76 5% 7.95% India Infradebt Limited 2024 AAA 1.41 7.8% Ltd 2022 AA+ 1.11 110.29 7.8066% Kotak Mahindra Prime Ltd 2020 AAA 0.95 30% 8.6% LIC Housing Finance Ltd 2020 AAA 0.82 241.92 9.39% LIC Housing Finance Ltd 2024 AAA 0.65 65% 8.5% HDFC 2020 AAA 0.55 Others (See Annexure 1 for details) 3.37 Total - Corporate bonds 20.79

Equity Debt Money Market Instruments Money Market Instruments 4.68 MF Units – Liquid Funds 0.00 Returns (%) Grand Total 100.00 Balanced 1 Composite Period Fund Benchmark* 1 Month 2.92 2.46 6 Months 3.51 3.23 1 Year 13.06 13.32 2 Years 5.61 7.18 Credit Profile of Debt and Money Market Investments 3 Years 7.77 9.48 Nature Percentage 5 Years 6.96 7.66 GSEC & T Bills 26.23 Since Inception 7.68 8.11 AAA & P1+ & PR1+ & A1+ 45.01 *For details please refer "Fund at a Glance AA+ & AA 3.62 Industry -wise Exposure (%) AA- 11.14

Housing finance services 3.00% A & Below 0.44 Fixed Deposits with Banks 0.00 Tobacco Products 3.46% CBLO/TREPS/ Other Money Market Investments 13.55 Industrial construction 3.88% Total 100.00 Cement 4.18% Maturity Profile of Debt Portfolio Trading 4.21% Period Exposure in Percentage Refinery 6.04% 0 - 3 Months 15.12 Computer software 6.05% 3 - 12 Months 8.32 1 - 3 Years 44.29 Infrastructure Finance Services 8.31% 3 - 5 Years 5.97 Sovereign 9.06% 5 - 10 Years 23.10 Financial and Insurance Activities 24.83% > 10 Years 3.21

Others 26.98% Total 100.00

0% 5% 10% 15% 20% 25% 30%

Quantitative Indicators (Equity) Std Dev (Annualised) Sharpe Ratio Portfolio Beta 9.60% 0.79 1.09

Quantitative Indicators (Debt) Average Maturity (Years) Modified Duration (Years) Fund Manager's Comments 3.23 2.46 Please refer to the page “Fund Manager's Comments” Balanced Fund - Pension (SFIN:ULIF006161109BALFUNDPEN143) Fact Sheet for October 2019 ( based on portfolio as on 31.10.2019 ) Investment Objective Portfolio Nature of Security/Security Name Rating Percentage To provide higher growth with reasonable security, by investing primarilyinequity Equity instruments and moderate allocation in debt securities/ bonds. Top 10 Equity Securities Reliance Industries Ltd 5.67 Name Date of Inception NAV as on October 31, 2019 Reliance ETF Bank BeES 4.82 Balanced Fund - 25-Nov-09 Rs. 22.2486 HDFC Bank Ltd 3.82 Pension HDFC 3.71 AUM Fund Manager Funds managed by the Fund Manager Infosys Technologies Ltd 3.45 Sandeep Shirsat Equity - 0, Debt - 7, Balanced - 5 Tata Consultancy Services Ltd 3.24 Rs. 71 crore Viraj Nadkarni Equity - 7, Debt - 0, Balanced - 5 ITC Ltd 3.11 Larsen & Toubro Limited 2.59 Targeted Asset Allocation Pattern in Percentage Hindustan Unilever Ltd 2.23 Minimum Maximum Actual ICICI Bank Ltd 2.07 Equity Shares 50 70 60 Others (See Annexure 1 for details) 25.34 Debt Securities and Bonds 30 50 33 Total - Equity Securities 60.04 Cash and Money Market Investments 0207 The actual asset allocation will remain within the 'minimum' and 'maximum' range based on market Debt opportunities and future outlook of the markets Top Sovereign Securities 8.17% Government of India 2044 3.16 Fund Positioning 7.26% Government of India 2029 1.84 This Fund is positioned as a balanced mix of debt and equity, with the asset allocation 8.83% Government of India 2041 1.68 pattern providing a good opportunity to provide consistent and sustainable returns. The 8.3% Government of India 2040 0.95 equity portion will have a highly diversified portfolio with high liquidity while the debt portion Total - Sovereign Securities 7.64 will comprise of high rated debt instruments with low to moderate liquidity. The asset allocation will follow a macro level market scenario and the individual stock selection will be Top 10 Corporate bonds with micro level performance expectations of the stocks and securities. 9.43% LIC Housing Finance Ltd 2022 AAA 5.24 9.29% Power Finance Corporation Ltd 2022 AAA 4.33 7.17% National Highways Authority of India 2021 AAA 3.58 10.15% Mahindra & Mahindra Fin. Serv. 2022 AA+ 3.05 Asset Allocation in crore as on October 31, 2019 9.95% Food Corporation of India 2022 AAA 2.65 5.23 10.02% Mahindra & Mahindra Fin. Serv. 2022 AA+ 1.92 7% 10.15% Bajaj Finance Ltd 2024 AAA 1.60 8.5% HDFC 2020 AAA 1.44 9.3% LIC Housing Finance Ltd 2022 AAA 1.13 23.04 8% Britannia Industries Ltd 2022 AAA 0.01 33% 42.47 60% Total - Corporate bonds 24.93 Money Market Instruments 7.39 MF Units – Liquid Funds 0.00 Grand Total 100.00 Equity Debt Money Market Instruments

Returns (%) Balanced Composite Period Fund - Benchmark* 1 Month 2.67 2.46 6 Months 3.04 3.23 1 Year 13.32 13.32 2 Years 6.98 7.18 Credit Profile of Debt and Money Market Investments 3 Years 8.72 9.48 Nature Percentage 5 Years 7.43 7.66 GSEC & T Bills 19.12 Since Inception 8.38 8.42 AAA & P1+ & PR1+ & A1+ 49.97 *For details please refer "Fund at a Glance AA+ & AA 12.42 Industry -wise Exposure (%) AA- 0.00

Trading 2.65% A & Below 0.00 Fixed Deposits with Banks 0.00 Tobacco Products 3.11% CBLO/TREPS/ Other Money Market Investments 18.50 Business Services & Consultancy 3.58% Total 100.00 Infrastructure Finance Services 4.33% Maturity Profile of Debt Portfolio Asset Management Services (Mutual Funds) 4.82% Period Exposure in Percentage Refinery 6.78% 0 - 3 Months 18.50 Sovereign 7.64% 3 - 12 Months 3.59 1 - 3 Years 54.79 Housing finance services 7.81% 3 - 5 Years 4.00 Computer software 8.76% 5 - 10 Years 4.61 Financial and Insurance Activities 21.75% > 10 Years 14.51

Others 28.80% Total 100.00

0% 5% 10% 15% 20% 25% 30% 35%

Quantitative Indicators (Equity) Std Dev (Annualised) Sharpe Ratio Portfolio Beta 8.42% 0.92 0.98

Quantitative Indicators (Debt) Average Maturity (Years) Modified Duration (Years) Fund Manager's Comments 5.62 3.19 Please refer to the page “Fund Manager's Comments” Debt Fund (SFIN:ULIF003161109DEBTFUND00143) Fact Sheet for October 2019 ( based on portfolio as on 31.10.2019 ) Investment Objective Portfolio Nature of Security/Security Name Rating Percentage To generate a good level of income and rospects for capital growth through Debt diversified investment in corporate debt instruments, government securities and money market investments. Top Sovereign Securities 8.17% Government of India 2044 16.55 Name Date of Inception NAV as on October 31, 2019 7.26% Government of India 2029 13.35 Debt Fund 25-Nov-09 Rs. 19.7171 7.17% Government of India 2028 8.10 8.3% Government of India 2040 7.76 AUM Fund Manager Funds managed by the Fund Manager 8.83% Government of India 2041 4.68 Rs. 25 crore Sandeep Shirsat Equity - 0, Debt - 7, Balanced - 5 8.42% State Government of Andhra Pradesh 2028 2.12 8.8% State Government of Kerala 2022 2.10 Total - Sovereign Securities 54.67 Targeted Asset Allocation Pattern in Percentage Minimum Maximum Actual Top 10 Corporate bonds Equity Shares 0008.48% Uttar Pradesh Power Corporation Ltd 2021 AA8.12 Debt Securities and Bonds 70 100 9810.09% MRF Ltd 2021 AAA 6.21 Cash and Money Market Investments 0 30 210.15% Bajaj Finance Ltd 2024 AAA 4.46 The actual asset allocation will remain within the 'minimum' and 'maximum' range based on market 10.15% Mahindra & Mahindra Fin. Serv. 2022 AA+ 4.25 opportunities and future outlook of the markets 9.05% LIC Housing Finance Ltd 2022 AAA 4.20 9.5% Infrastructure Leasing & Financial Serv. 2024 D2.96 Fund Positioning 9.37% Power Finance Corporation Ltd 2024 AAA 2.16 This Fund is positioned as a pure debt oriented fund, with asset allocation pattern providing 9.34% HDFC 2024 AAA 2.16 a good opportunity to provide consistent and sustainable returns. The debt portfolio will 8.43% HDFC 2025 AAA 2.06 comprise of high rated debt instruments with a low to moderate liquidity, government 10.09% MRF Ltd 2020 AAA 2.01 securities and money market investments with very high safety and easy liquidity. The asset Others (See Annexure 1 for details) 4.89 allocation between corporate debt and government securities/ money market investments Total - Corporate bonds 43.49 and the portfolio duration of the fund, will follow a macro level economic scenario while the individual corporate debt investments will follow with a micro level credit worthiness and Money Market Instruments 1.85 debt servicing capacity of companies. MF Units – Liquid Funds 0.00 Grand Total 100.00 Asset Allocation in crore as on October 31, 2019 0.47 2%

Credit Profile of Debt and Money Market Investments Nature Percentage GSEC & T Bills 54.67 AAA & P1+ & PR1+ & A1+ 25.62 24.89 AA+ & AA 13.43 98% AA- 0.00 Debt Money Market Instruments A & Below 4.44 Fixed Deposits with Banks 0.00 Returns (%) CBLO/TREPS/ Other Money Market Investments 1.85 Composite Period Debt Fund Total 100.00 Benchmark* # 1 Month -2.61 11.05 GSEC & T Bills 6 Months# 2.85 13.73 1 Year 7.77 12.54 AAA & P1+ & PR1+ & A1+ 2 Years 3.65 7.29 3 Years 4.56 7.01 AA+ & AA 5 Years 6.80 8.30 Since Inception 7.07 7.88 *For details please refer "Fund at a Glance; # Annualised Retuns A & Below Industry - wise Exposure (%) CBLO/TREPS/ Other Money Others 1.85% Market Investments

Infrastructure Finance Services 5.12% Maturity Profile of Debt Portfolio Period Exposure in Percentage Housing finance services 7.66% 0 - 3 Months 1.85 3 - 12 Months 2.01 Electricity Transmission & Distribution 8.12% 1 - 3 Years 27.42 3 - 5 Years 14.10 Tyres & Tubes 8.22% 5 - 10 Years 25.63

Financial and Insurance Activities 14.36% > 10 Years 29.00 Total 100.00

Sovereign 54.67%

0% 10% 20% 30% 40% 50% 60% 0-3 Months Quantitative Indicators (Debt) 3-12 Months Average Maturity (Years) Modified Duration (Years) 1-3 Years 10.02 5.69 3-5 Years 5-10 Years Fund Manager's Comments > 10 Years Please refer to the page “Fund Manager's Comments” Debt 1 Fund (SFIN:ULIF010010910DEBT01FUND143) Fact Sheet for October 2019 ( based on portfolio as on 31.10.2019 ) Investment Objective Portfolio Nature of Security/Security Name Rating Percentage To generate a good level of income and rospects for capital growth through Debt diversified investment in corporate debt instruments, government securities and money market investments. Top 10 Sovereign Securities 7.26% Government of India 2029 15.50 Name Date of Inception NAV as on October 31, 2019 7.17% Government of India 2028 4.65 Debt 1 Fund 17-Sep-10 Rs. 17.9963 6.79% Government of India 2029 4.13 7.16% Government of India 2023 2.85 AUM Fund Manager Funds managed by the Fund Manager 7.72% Government of India 2025 2.02 Rs. 1015 crore Sandeep Shirsat Equity - 0, Debt - 7, Balanced - 5 6.97% Government of India 2026 2.01 7.2% State Government of Maharashtra 2027 1.48 6.68% Government of India 2031 1.16 Targeted Asset Allocation Pattern in Percentage 8.59% State Government of Karnataka 2025 1.07 Minimum Maximum Actual 7.73% Government of India 2034 1.05 Equity Shares 000Others (See Annexure 1 for details) 1.23 Debt Securities and Bonds 70 100 97 Total - Sovereign Securities 37.15 Cash and Money Market Investments 0303 The actual asset allocation will remain within the 'minimum' and 'maximum' range based on market Top 10 Corporate bonds opportunities and future outlook of the markets 8.48% Uttar Pradesh Power Corporation Ltd 2021 AA 3.95 9.05% JK Lakshmi Cement Ltd 2021 AA- 3.01 Fund Positioning 9.95% Food Corporation of India 2022 AAA 2.64 This Fund is positioned as a pure debt oriented fund, with asset allocation pattern providing 8.22% National Bank For Agricultural Devlopment 2028 AAA 2.58 a good opportunity to provide consistent and sustainable returns. The debt portfolio will 8.07% Energy Efficiency Services Ltd 2020 AA- 2.46 comprise of high rated debt instruments with a low to moderate liquidity, government 7.95% India Infradebt Limited 2024 AAA 2.36 securities and money market investments with very high safety and easy liquidity. The asset 7.63% Power Finance Corporation Ltd 2026 AAA 1.88 allocation between corporate debt and government securities/ money market investments 8.57% Rural Electrification Corp 2024 AAA 1.78 and the portfolio duration of the fund, will follow a macro level economic scenario while the 8.48% Uttar Pradesh Power Corporation Ltd 2023 AA 1.74 individual corporate debt investments will follow with a micro level credit worthiness and 7.8% LIC Housing Finance Ltd 2022 AAA 1.52 debt servicing capacity of companies. Others (See Annexure 1 for details) 35.74 Total - Corporate bonds 59.65 Asset Allocation in crore as on October 31, 2019 32.55 Money Market Instruments 3.21 3% MF Units – Liquid Funds 0.00 Grand Total 100.00

Credit Profile of Debt and Money Market Investments Nature Percentage GSEC & T Bills 37.15 AAA & P1+ & PR1+ & A1+ 38.06 981.97 AA+ & AA 11.97 97% AA- 6.66 Debt Money Market Instruments A & Below 2.96 Fixed Deposits with Banks 0.00 Returns (%) CBLO/TREPS/ Other Money Market Investments 3.21 Composite Period Debt 1 Fund Total 100.00 Benchmark* 1 Month# 1.46 11.05 GSEC & T Bills 6 Months# 5.04 13.73 1 Year 2.64 12.54 AAA & P1+ & PR1+ & A1+ 2 Years 1.77 7.29 3 Years 2.91 7.01 AA+ & AA 5 Years 5.70 8.30 A & Below Since Inception 6.65 8.16 # *For details please refer "Fund at a Glance; Annualised Retuns AA- Industry - wise Exposure (%)

Business Services & Consultancy 0.10% CBLO/TREPS/ Other Money Market Investments Tyres & Tubes 2.47%

Cement 3.01% Maturity Profile of Debt Portfolio Period Exposure in Percentage Others 3.21% 0 - 3 Months 4.25 Electricity Transmission & Distribution 6.41% 3 - 12 Months 4.92 Trading 7.36% 1 - 3 Years 30.08 3 - 5 Years 14.80 Housing finance services 9.84% 5 - 10 Years 39.03 Financial and Insurance Activities 11.59% > 10 Years 6.92 Infrastructure Finance Services 18.86% Total 100.00

Sovereign 37.15%

0% 5% 10% 15% 20% 25% 30% 35% 40% 0-3 Months Quantitative Indicators (Debt) 3-12 Months Average Maturity (Years) Modified Duration (Years) 1-3 Years 5.22 3.83 3-5 Years 5-10 Years Fund Manager's Comments > 10 Years Please refer to the page “Fund Manager's Comments” Debt Fund - Pension (SFIN:ULIF004161109DEBFUNDPEN143) Fact Sheet for October 2019 ( based on portfolio as on 31.10.2019 ) Investment Objective Portfolio Nature of Security/Security Name Rating Percentage To generate a good level of income and rospects for capital growth through Debt diversified investment in corporate debt instruments, government securities and money market investments. Top Sovereign Securities 8.17% Government of India 2044 17.27 Name Date of Inception NAV as on October 31, 2019 7.26% Government of India 2029 12.18 Debt Fund - 25-Nov-09 Rs. 19.5403 8.3% Government of India 2040 10.17 Pension 7.17% Government of India 2028 6.40 AUM Fund Manager Funds managed by the Fund Manager 8.83% Government of India 2041 3.70 Rs. 32 crore Sandeep Shirsat Equity - 0, Debt - 7, Balanced - 5 8.42% State Government of Andhra Pradesh 2028 1.68 Total - Sovereign Securities 51.40

Targeted Asset Allocation Pattern in Percentage Top 10 Corporate bonds Minimum Maximum Actual 8.48% Uttar Pradesh Power Corporation Ltd 2021 AA 9.63 Equity Shares 0 0 010.15% Mahindra & Mahindra Fin. Serv. 2022 AA+ 6.72 Debt Securities and Bonds 70 100 9810.09% MRF Ltd 2020 AAA 5.56 Cash and Money Market Investments 0 30 29.39% Power Finance Corporation Ltd 2024 AAA 4.28 The actual asset allocation will remain within the 'minimum' and 'maximum' range based on market 10.15% Bajaj Finance Ltd 2024 AAA 3.52 opportunities and future outlook of the markets 9.5% Infrastructure Leasing & Financial Serv. 2024 D3.51 9.05% LIC Housing Finance Ltd 2022 AAA 3.32 Fund Positioning 9.3% LIC Housing Finance Ltd 2022 AAA 2.50 This Fund is positioned as a pure debt oriented fund, with asset allocation pattern providing 8.43% HDFC 2025 AAA 2.44 a good opportunity to provide consistent and sustainable returns. The debt portfolio will 10.09% MRF Ltd 2021 AAA 2.13 comprise of high rated debt instruments with a low to moderate liquidity, government Others (See Annexure 1 for details) 3.11 securities, money market investments with avery high safety and easy liquidity. The asset Total - Corporate bonds 46.73 allocation between corporate debt and government securities/ money market investments and the portfolio duration of the fund, will follow a macro level economic scenario while the Money Market Instruments 1.87 individual corporate debt investments will follow with a micro level credit worthiness and MF Units – Liquid Funds 0.00 debt servicing capacity of companies. Grand Total 100.00

Asset Allocation in crore as on October 31, 2019 0.60 2%

Credit Profile of Debt and Money Market Investments Nature Percentage GSEC & T Bills 51.40 AAA & P1+ & PR1+ & A1+ 26.28 31.48 AA+ & AA 16.35 98% AA- 0.00 Debt Money Market Instruments A & Below 4.09 Fixed Deposits with Banks 0.00 Returns (%) CBLO/TREPS/ Other Money Market Investments 1.87 Debt Fund - Composite Period Total 100.00 Pension Benchmark* # 1 Month -1.01 11.05 GSEC & T Bills 6 Months# 3.85 13.73 1 Year 8.41 12.54 AAA & P1+ & PR1+ & A1+ 2 Years 4.03 7.29 3 Years 4.74 7.01 AA+ & AA 5 Years 6.77 8.30 Since Inception 6.97 7.88 *For details please refer "Fund at a Glance; # Annualised Retuns A & Below Industry - wise Exposure (%) CBLO/TREPS/ Other Money Others 1.87% Market Investments

Housing finance services 7.53% Maturity Profile of Debt Portfolio Period Exposure in Percentage Tyres & Tubes 7.69% 0 - 3 Months 1.87 3 - 12 Months 5.56 Infrastructure Finance Services 8.60% 1 - 3 Years 25.70 3 - 5 Years 13.02 Electricity Transmission & Distribution 9.63% 5 - 10 Years 22.70

Financial and Insurance Activities 13.27% > 10 Years 31.15 Total 100.00

Sovereign 51.40%

0% 10% 20% 30% 40% 50% 60% 0-3 Months Quantitative Indicators (Debt) 3-12 Months Average Maturity (Years) Modified Duration (Years) 1-3 Years 10.21 5.69 3-5 Years 5-10 Years Fund Manager's Comments > 10 Years Please refer to the page “Fund Manager's Comments” Liquid Fund (SFIN:ULIF007161109LIQUIDFUND143) Fact Sheet for October 2019 ( based on portfolio as on 31.10.2019 ) Investment Objective Portfolio Nature of Security/Security Name Percentage To provide capital protection with growth at short-term interest rates while providing Money Market Instruments 100.00 a high level of liquidity. MF Units – Liquid Funds 0.00 Grand Total 100.00 Name Date of Inception NAV as on October 31, 2019

Liquid Fund 09-Jan-13 Rs. 14.3552

AUM Fund Manager Funds managed by the Fund Manager Rs. 0.08 crore Sandeep Shirsat Equity - 0, Debt - 7, Balanced - 5

Targeted Asset Allocation Pattern in Percentage Minimum Maximum Actual Equity Shares 000Fund Manager's Comments Debt Securities and Bonds 0200 Cash and Money Market Investments 80 100 100 Fund Manager's Comments The funds under the Liquid Fund category continued The actual asset allocation will remain within the 'minimum' and 'maximum' range based on market to be invested in highly liquid short term papers having very high safety and opportunities and future outlook of the markets liquidity, as per the investment mandates, set out for this fund.

Fund Positioning This Fund is positioned as a pure debt oriented short term liquid fund with the asset allocation pattern giving a reasonable opportunity to provide consistent and sustainable returns, with very high liquidity. The investment portfolio will primarily comprise of high rated short term money market investments with very high safety and easy liquidity. The maturity profile and the portfolio duration will follow a macro level economic scenario and the expected liquidity needs of the fund.

Asset Allocation in crore as on October 31, 2019

Credit Profile of Debt and Money Market Investments Nature Percentage GSEC & T Bills 0.00 AAA & P1+ & PR1+ & A1+ 0.00 0.08 AA+ & AA 0.00 100% AA- 0.00 A & Below 0.00 Money Market Instruments Fixed Deposits with Banks 0.00 CBLO/TREPS/ Other Money Market Investments 100.00 Returns (%) Total 100.00 Composite Period Liquid Fund Benchmark* 1 Month# 3.27 4.84 6 Months# 3.90 5.51 1 Year 4.36 6.03 CBLO/TREPS/ Other 4.36 6.03 2 Years Money Market 3 Years 4.39 6.04 Investments 5 Years 4.93 6.49 Since Inception 5.45 6.99 *For details please refer "Fund at a Glance; # Annualised Retuns Industry - wise Exposure (%)

Maturity Profile of Debt Portfolio Period Exposure in Percentage 0 - 3 Months 100.00 3 - 12 Months 0.00 1 - 3 Years 0.00 others 100.00% 3 - 5 Years 0.00 5 - 10 Years 0.00 > 10 Years 0.00 Total 100.00

0% 20% 40% 60% 80% 100% 120%

Quantitative Indicators (Debt) Average Maturity (Years) Modified Duration (Years) 0-3 Months -- -- Liquid Fund - Pension (SFIN:ULIF008161109LIQFUNDPEN143) Fact Sheet for October 2019 ( based on portfolio as on 31.10.2019 ) Investment Objective Portfolio Nature of Security/Security Name Percentage To provide capital protection with growth at short-term interest rates while providing Money Market Instruments 100.00 a high level of liquidity. MF Units – Liquid Funds 0.00 Grand Total 100.00 Name Date of Inception NAV as on October 31, 2019 Liquid Fund - 25-Nov-09 Rs. 17.0277 Pension

AUM Fund Manager Funds managed by the Fund Manager Rs. 0.19 crore Sandeep Shirsat Equity - 0, Debt - 7, Balanced - 5

Targeted Asset Allocation Pattern in Percentage Minimum Maximum Actual Equity Shares 000Fund Manager's Comments Debt Securities and Bonds 0200 Cash and Money Market Investments 80 100 100 Fund Manager's Comments The funds under the Liquid Fund category continued The actual asset allocation will remain within the 'minimum' and 'maximum' range based on market to be invested in highly liquid short term papers having very high safety and opportunities and future outlook of the markets liquidity, as per the investment mandates, set out for this fund.

Fund Positioning This Fund is positioned as a pure debt oriented short term liquid fund with the asset allocation pattern giving a reasonable opportunity to provide consistent and sustainable returns, with very high liquidity. The investment portfolio will primarily comprise of high rated short term money market investments with very high safety and easy liquidity. The maturity profile and the portfolio duration will follow a macro level economic scenario and the expected liquidity needs of the fund.

Asset Allocation in crore as on October 31, 2019

Credit Profile of Debt and Money Market Investments Nature Percentage GSEC & T Bills 0.00 AAA & P1+ & PR1+ & A1+ 0.00 0.19 AA+ & AA 0.00 100% AA- 0.00 A & Below 0.00 Money Market Instruments Fixed Deposits with Banks 0.00 CBLO/TREPS/ Other Money Market Investments 100.00 Returns (%) Total 100.00 Liquid Fund - Composite Period Pension Benchmark* 1 Month# 3.05 4.84 6 Months# 3.66 5.51 1 Year 4.10 6.03 CBLO/TREPS/ Other 4.09 6.03 2 Years Money Market 3 Years 4.12 6.04 Investments 5 Years 4.70 6.49 Since Inception 5.50 6.88 *For details please refer "Fund at a Glance; # Annualised Retuns Industry - wise Exposure (%)

Maturity Profile of Debt Portfolio Period Exposure in Percentage 0 - 3 Months 100.00 3 - 12 Months 0.00 1 - 3 Years 0.00 others 100.00% 3 - 5 Years 0.00 5 - 10 Years 0.00 > 10 Years 0.00 Total 100.00

0% 20% 40% 60% 80% 100% 120%

Quantitative Indicators (Debt) Average Maturity (Years) Modified Duration (Years) 0-3 Months -- -- Dynamic Asset Allocation Fund (SFIN:ULIF015080811DYAALLFUND143) Fact Sheet for October 2019 ( based on portfolio as on 31.10.2019 ) Investment Objective Portfolio Nature of Security/Security Name Rating Percentage To provide higher growth with reasonable security, by investing primarilyinequity Equity instruments and moderate allocation in debt securities/ bonds. Top 10 Equity Securities Reliance Industries Ltd 5.55 Name Date of Inception NAV as on October 31, 2019 HDFC Bank Ltd 4.22 Dynamic Asset 09-Sep-11 Rs. 23.2767 HDFC 3.79 Allocation Fund Tata Consultancy Services Ltd 2.57 AUM Fund Manager Funds managed by the Fund Manager Reliance ETF Bank BeES 2.56 Sandeep Shirsat Equity - 0, Debt - 7, Balanced - 5 Kotak Banking ETF 2.56 Rs. 199 crore Viraj Nadkarni Equity - 7, Debt - 0, Balanced - 5 ITC Ltd 2.54 Infosys Technologies Ltd 2.50 Targeted Asset Allocation Pattern in Percentage ICICI Bank Ltd 2.23 Minimum Maximum Actual Larsen & Toubro Limited 2.05 Equity Shares 08056Others (See Annexure 1 for details) 25.63 Debt Securities and Bonds 08025Total - Equity Securities 56.20 Cash and Money Market Investments 04019 The actual asset allocation will remain within the 'minimum' and 'maximum' range based on market Debt opportunities and future outlook of the markets Top Sovereign Securities 7.26% Government of India 2029 8.89 Fund Positioning 8.17% Government of India 2044 1.12 This Fund is positioned as a balanced mix of debt and equity, with the asset allocation 7.16% Government of India 2023 1.04 pattern providing a good opportunity to provide consistent and sustainable returns. The 8.3% Government of India 2040 0.56 equity portion will have a highly diversified portfolio withhigh liquidity while the debt portion 8.2% Government of India 2025 0.54 will comprise of high rated debt instruments with a low to moderate liquidity. The asset Total - Sovereign Securities 12.16 allocation will follow a macro level market scenario and the individual stock selection will be with micro level performance expectations of the stocks and securities. Top 10 Corporate bonds 7.71% L&T Finance 2022 AAA 1.55 7.42% LIC Housing Finance Ltd 2022 AAA 1.54 8.8% IDFC First Bank Limited 2020 AA+ 1.52 Asset Allocation in crore as on October 31, 2019 7.6% HDFC 2020 AAA 1.52 37.57 9.05% LIC Housing Finance Ltd 2022 AAA 1.07 19% 8.57% Rural Electrification Corp 2024 AAA 1.06 8.01% Rural Electrification Corp 2028 AAA 1.04 8.48% Uttar Pradesh Power Corporation Ltd 2021 AA 1.03 111.94 7.964% Sundaram Finance Ltd 2021 AAA 0.89 49.67 56% 9.3% L&T Infra Debt Fund Ltd 2023 AAA 0.54 25% Others (See Annexure 1 for details) 1.02 Total - Corporate bonds 12.78

Money Market Instruments 18.86 Equity Debt Money Market Instruments MF Units – Liquid Funds 0.00 Grand Total 100.00 Returns (%) Dynamic Composite Period Asset Benchmark* 1 Month 2.45 2.46 6 Months 3.83 3.23 1 Year 12.24 13.32 2 Years 5.53 7.18 Credit Profile of Debt and Money Market Investments 3 Years 6.29 9.48 Nature Percentage 5 Years 6.37 7.66 GSEC & T Bills 27.76 Since Inception 10.93 9.95 AAA & P1+ & PR1+ & A1+ 22.18 *For details please refer "Fund at a Glance AA+ & AA 7.00 Industry -wise Exposure (%) AA- 0.00

Industrial construction 2.05% A & Below 0.00 Fixed Deposits with Banks 0.00 Tobacco Products 2.54% CBLO/TREPS/ Other Money Market Investments 43.07 Miscellaneous 2.56% Total 100.00 Asset Management Services (Mutual Funds) 2.56% Maturity Profile of Debt Portfolio Infrastructure Finance Services 2.65% Period Exposure in Percentage Housing finance services 4.12% 0 - 3 Months 43.07 Refinery 6.53% 3 - 12 Months 8.08 1 - 3 Years 15.06 Computer software 6.72% 3 - 5 Years 3.60 Sovereign 12.16% 5 - 10 Years 26.34 Financial and Insurance Activities 21.13% > 10 Years 3.86

Others 36.97% Total 100.00

0% 5% 10% 15% 20% 25% 30% 35% 40%

Quantitative Indicators (Equity) Std Dev (Annualised) Sharpe Ratio Portfolio Beta 7.39% 0.91 0.85

Quantitative Indicators (Debt) Average Maturity (Years) Modified Duration (Years) Fund Manager's Comments 3.76 2.51 Please refer to the page “Fund Manager's Comments” Index Tracker Fund (SFIN:ULIF012010910INDTRAFUND143) Fact Sheet for October 2019 ( based on portfolio as on 31.10.2019 ) Investment Objective Portfolio Nature of Security/Security Name Percentage The principal investment objective of the scheme is to invest in stocks of companies Equity comprising large cap Index stocks and endeavour to achieve return equivalent to Top 20 Equity Securities large cap index. Reliance Industries Ltd 9.38 Name Date of Inception NAV as on October 31, 2019 Reliance ETF Bank BeES 7.92 Index Tracker 22-Sep-10 Rs. 19.7314 HDFC Bank Ltd 6.17 Fund HDFC 5.99 AUM Fund Manager Funds managed by the Fund Manager Infosys Technologies Ltd 5.43 Rs. 14 croreViraj Nadkarni Equity - 7, Debt - 0, Balanced - 5 ITC Ltd 5.17 Tata Consultancy Services Ltd 5.07 Larsen & Toubro Limited 4.29 Targeted Asset Allocation Pattern in Percentage Hindustan Unilever Ltd 3.67 Minimum Maximum Actual ICICI Bank Ltd 3.36 Equity Shares 90 100 98 Kotak Mahindra Bank Ltd 2.66 Debt Securities and Bonds 0 0 0 Maruti Suzuki India Ltd 2.42 Cash and Money Market Investments 0 10 2 Asian Paints Ltd 1.93 The actual asset allocation will remain within the 'minimum' and 'maximum' range based on market Bharti Airtel Ltd 1.66 opportunities and future outlook of the markets Bajaj Finance Ltd 1.54 Axis Bank Ltd 1.53 Fund Positioning Mahindra & Mahindra 1.36 Major portion of this Fund will be invested only in large cap index equity stocks. The HCL Technologies Ltd 1.36 exposure / weightages of investment stocks will, however be subject to regulatory Titan Industries Ltd 1.33 investment guidelines and exposure norms. State Bank of India 1.26 Others (See Annexure 1 for details) 24.04 Total - Equity Securities 97.54

Money Market Instruments 2.46 MF Units – Liquid Funds 0.00 Grand Total 100.00 Asset Allocation in crore as on October 31, 2019 0.36 2%

14.14 98% Equity Money Market Instruments

Returns (%) Index Tracker Composite Period Fund Benchmark* 1 Month 3.46 3.36 6 Months 1.50 1.18 1 Year 14.07 13.94 2 Years 6.93 7.14 3 Years 10.73 10.94 5 Years 7.16 7.33 Since Inception 7.74 7.77 *For details please refer "Fund at a Glance Industry -wise Exposure

Passenger Vehicles 2.42%

Drugs & pharmaceuticals 2.50%

Two & Three Wheelers 2.57%

Cosmetics, toiletries, soaps & detergents 3.67%

Industrial construction 4.29%

Tobacco Products 5.17%

Asset Management Services (Mutual Funds) 7.92%

Refinery 11.22%

Computer software 13.70%

Others 22.32%

Financial and Insurance Activities 24.22%

0% 5% 10% 15% 20% 25% 30%

Quantitative Indicators (Index Fund) Index Tracking Error 1.36% Value Fund (SFIN:ULIF013010910VALUEFUND0143)

Fact Sheet for October 2019 ( based on portfolio as on 31.10.2019 ) Investment Objective Portfolio Nature of Security/Security Name Percentage To provide high growth opportunities with an objective of long term capital appreciation through investments primarily in equity and equity related instruments. Equity Top 20 Equity Securities ICICI Bank Ltd 6.41 Name Date of Inception NAV as on October 31, 2019 Reliance Industries Ltd 5.67 Value Fund16-Sep-10 Rs. 22.6500 ITC Ltd 4.99 Reliance ETF Bank BeES 4.47 AUM Fund Manager Funds managed by the Fund Manager Larsen & Toubro Limited 4.35 Rs. 57 croreViraj Nadkarni Equity - 7, Debt - 0, Balanced - 5 Infosys Technologies Ltd 4.25 Tata Consultancy Services Ltd 3.93 HDFC Bank Ltd 3.68 Targeted Asset Allocation Pattern in Percentage State Bank of India 2.93 Minimum Maximum Actual NTPC Ltd 2.91 Equity Shares 70 100 96 Mahindra & Mahindra 2.31 Debt Securities and Bonds 0 0 0 Titan Industries Ltd 2.19 Cash and Money Market Investments 0 30 4 Axis Bank Ltd 2.00 The actual asset allocation will remain within the 'minimum' and 'maximum' range based on market Manappuram Finance Ltd. 1.74 opportunities and future outlook of the markets Bajaj Finance Ltd 1.62 Kotak Banking ETF 1.60 Fund Positioning Hindustan Unilever Ltd 1.57 The Fund will be positioned as a multi-cap pure value fund with clearly defined investment Hero Motocorp Limited 1.49 criteria for investing in value stocks. The Fund will invest in stocks that are relatively UPL Ltd 1.46 undervalued to their intrinsic value and which will create wealth for shareholders in the Polycab India Limited 1.20 medium to long term. Others (See Annexure 1 for details) 34.91 Total - Equity Securities 95.66

Money Market Instruments 4.34 MF Units – Liquid Funds 0.00 Grand Total 100.00 Asset Allocation in crore as on October 31, 2019 2.49 Fund Manager's Comments 4% In the month of Oct 2019, Indian markets witnessed sharp gains with the Sensex and Nifty closing +3.78% and +3.51% respectively. The BSE Midcap (+5.39%) ended positively outperforming the headline indices. The performance of the key Global indices was positive on the back of US and China authorities moving closer toagreeing a partial trade deal & US Fed’s third interest rate cut this year to spur the economic growth. On the domestic front factors such as positive global cues, 25 bps rate cut by 54.84 RBI, governments effort to bring back consumer demand and the expectationsof individual income tax rate cut cheered sentiments. The ongoing Q2FY20 earnings 96% season has been a mixed bag on expected lines.On the Economy front, the data was negative with the CPI inflation inching higher to 3.9% in Sept-19 as against3.2%in Equity Money Market Instruments Aug-19, while the IIP growth softened to 0.3% in Sept-19 as against 1.1% in Aug-19. FPIs bought equity worth US$ 1.8 bn while DIIs bought equity worth US$ 0.65 bnin cash segment. Returns (%) Composite Period Value Fund Going ahead, globally, US-China trade deal, impact of Brexit, economic slowdown in Benchmark* major economies and key central banks stance on monetary policy would be key 1 Month 3.11 3.29 factors in determining market directions. On the domestic front the outcome of ongoing 6 Months 3.28 1.27 Q2FY20 earnings season and governments measures to improve the consumer demand and transmission of lower interest rates by banks would be keenly 11.89 1 Year 14.30 watched. Broader markets have witnessed steep correction vis-a-vis headline 2 Years 5.04 5.57 indices thus providing investment opportunities in quality stocks at attractive valuations. 3 Years 8.82 9.93 We would prefer a tilt towards broader markets with a long-term view. 5 Years 8.13 7.34 Since Inception 9.37 7.82 In light of the changing dynamics, we prefer Rural & selective Consumer themes, *For details please refer "Fund at a Glance; # Annualised Retuns corporate banking space, selective auto stocks and Capital goods to which we have Industry -wise Exposure realigned our portfolio. Going ahead, we may tactically take a call on cash levels based on market movement and attractiveness of individual sectors/ companies. Diversified automobile 2.31%

Conventional Electricity 2.91%

Drugs & pharmaceuticals 3.26%

Natural Gas Trading & Distribution 4.32%

Asset Management Services (Mutual Funds) 4.47%

Tobacco Products 4.99%

Industrial construction 5.80%

Refinery 6.60%

Computer software 10.28%

Financial and Insurance Activities 23.95%

Others 31.10%

0% 5% 10% 15% 20% 25% 30% 35%

Quantitative Indicators (Equity) Std Dev (Annualised) Sharpe Ratio Portfolio Beta 13.77% 0.67 1.05 Annexure Break up of Other Investments is as given below

Equity Fund - Pension Equity 1 Fund Security Name Percentage Security Name Percentage Equity Equity State Bank of India 1.26 Bharti Airtel Ltd 1.37 NTPC Ltd 1.25 Britannia Industries Ltd 1.30 Nestle India Ltd 1.19 HCL Technologies Ltd 1.25 Sun Pharmaceutical Inds Ltd 1.12 Ltd 1.10 Power Grid Corporation Ltd 1.11 Ltd 1.03 ONGC Ltd 1.07 India Ltd 0.98 Ultratech Cement Limited 1.01 Ltd 0.93 Ltd 1.01 Ltd 0.85 Corpn Ltd 1.00 The Indian Hotels Co. Ltd 0.84 Ltd 0.99 Glaxosmithkline Pharma Ltd 0.84 Britannia Industries Ltd 0.93 Petronet LNG Ltd 0.83 Ltd 0.89 Ultratech Cement Limited 0.82 Ltd 0.86 Engineers India Ltd 0.81 Ltd 0.85 Ltd 0.80 Indian Oil Corporation Ltd 0.84 Ltd 0.79 Hero Motocorp Limited 0.83 GAIL (India) Ltd 0.79 Dr Reddys Laboratories Ltd 0.81 Ltd 0.76 UPL Ltd 0.79 Ltd 0.74 Ltd 0.76 Crompton Greaves Consumer Electricals Limited0.73 Indusind Bank Ltd 0.74 Cholamandalam Investment and Finance Company Ltd 0.73 Ltd 0.72 India Ltd 0.64 Grasim Industries Ltd 0.70 Ltd 0.57 Ltd 0.69 Torrent Pharma Ltd 0.56 Hindalco Industries Ltd 0.65 Ltd 0.56 Vedanta Ltd 0.64 Thermax Ltd 0.56 GAIL (India) Ltd 0.57 MRF Ltd 0.50 Ltd 0.57 Zydus Wellness Ltd 0.50 Bharti Infratel Ltd 0.41 Sun Pharmaceutical Inds Ltd 0.47 Zee Entertainment Ent Ltd 0.37 Tech Mahindra Ltd 0.45 0.32 Limited 0.45 Adani Ports & Special Economic Zone Ltd. 0.31 ACC Ltd 0.44 JSW Steel Ltd 0.23 Ltd 0.43 Ltd 0.05 Tata Motors Ltd 0.39 Total - Equity Securities 25.53 Dr Reddys Laboratories Ltd 0.34 Kansai Nerolac Paints Ltd 0.33 Equity Fund Bank of Baroda 0.31 Security Name Percentage Cipla Ltd 0.22 Equity Zee Entertainment Ent Ltd 0.22 UPL Ltd 1.47 Asian Paints Ltd 0.17 Ultratech Cement Limited 1.47 Tata Steel Ltd 0.00 Indraprastha Gas Ltd 1.43 Total - Equity Securities 26.38 Dabur India Ltd 1.41 Crompton Greaves Consumer Electricals Limited 1.29 Havells India Ltd 1.24 Indian Oil Corporation Ltd 1.18 Ambuja Cements Ltd 1.14 Atul Limited 1.11 Ashok Leyland Ltd 1.09 City Union Bank Ltd 1.07 Shriram Transport Finance Co. Ltd. 1.07 Container Corporation of India 1.06 Bharti Airtel Ltd 1.03 The Indian Hotels Co. Ltd 1.02 MRF Ltd 1.01 Apollo Tyres Ltd 1.00 HCL Technologies Ltd 0.99 Polycab India Limited 0.98 Petronet LNG Ltd 0.98 GAIL (India) Ltd 0.98 Hindalco Industries Ltd 0.95 Limited 0.94 Torrent Pharma Ltd 0.94 Cholamandalam Investment and Finance Company Ltd 0.77 National Aluminium Co. Ltd 0.75 NESCO Ltd 0.74 Tech Mahindra Ltd 0.73 Thermax Ltd 0.73 Larsen & Toubro Infotech Ltd 0.73 ACC Ltd 0.71 Ujjivan Financial Services Limited 0.60 Motherson Sumi Systems Ltd 0.55 Heritage Foods Ltd 0.52 AIA Engineering Ltd 0.50 Tata Steel Ltd 0.48 NMDC Ltd 0.44 Bank of Baroda 0.40 Bajaj Finserv Ltd 0.32 Ltd 0.26 United Bank of India 0.04 Total - Equity Securities 36.10 Annexure Break up of Other Investments is as given below

Balanced Fund Equity Elite Opportunities Security Name Percentage Security Name Percentage Equity Equity Bajaj Finance Ltd 1.54 Glaxosmithkline Pharma Ltd 1.17 Manappuram Finance Ltd. 1.47 Bharti Airtel Ltd 1.13 Mahindra & Mahindra 1.43 NESCO Ltd 1.10 Britannia Industries Ltd 1.21 HCL Technologies Ltd 1.09 NTPC Ltd 1.19 Engineers India Ltd 1.05 Hindustan Unilever Ltd 1.07 Britannia Industries Ltd 1.05 Ultratech Cement Limited 1.01 Mahanagar Gas Ltd 1.03 UPL Ltd 1.00 Shriram Transport Finance Co. Ltd. 1.01 Hero Motocorp Limited 1.00 HDFC 0.99 Indraprastha Gas Ltd 0.99 Cholamandalam Investment and Finance Company Ltd 0.98 Dabur India Ltd 0.98 Indian Oil Corporation Ltd 0.95 Glaxosmithkline Pharma Ltd 0.96 Crompton Greaves Consumer Electricals Limited 0.93 Kotak Banking ETF 0.92 Petronet LNG Ltd 0.92 Reliance ETF Bank BeES 0.92 City Union Bank Ltd 0.92 Crompton Greaves Consumer Electricals Limited 0.87 GAIL (India) Ltd 0.91 Havells India Ltd 0.85 Havells India Ltd 0.89 Ambuja Cements Ltd 0.80 Ambuja Cements Ltd 0.86 Ashok Leyland Ltd 0.77 MRF Ltd 0.84 City Union Bank Ltd 0.75 Ultratech Cement Limited 0.84 Bharti Airtel Ltd 0.74 Torrent Pharma Ltd 0.81 Atul Limited 0.73 Ujjivan Financial Services Limited 0.77 MRF Ltd 0.71 Federal Bank Ltd 0.77 Indian Oil Corporation Ltd 0.70 Garware Technical Fibres Ltd. 0.77 HCL Technologies Ltd 0.68 Ashok Leyland Ltd 0.76 Petronet LNG Ltd 0.68 The Indian Hotels Co. Ltd 0.74 GAIL (India) Ltd 0.68 Aegis Logistics Limited 0.74 Thermax Ltd 0.67 Gujarat State Fert & Chem. Ltd 0.73 Apollo Tyres Ltd 0.67 Dabur India Ltd 0.71 Shriram Transport Finance Co. Ltd. 0.66 Indraprastha Gas Ltd 0.70 Polycab India Limited 0.66 Ajanta Pharma Limited 0.67 Torrent Pharma Ltd 0.65 KNR Constructions Limited 0.62 Container Corporation of India 0.64 Thermax Ltd 0.62 The Indian Hotels Co. Ltd 0.60 ONGC Ltd 0.61 Hindalco Industries Ltd 0.58 Ltd 0.53 Ajanta Pharma Limited 0.58 Motherson Sumi Systems Ltd 0.53 Cholamandalam Investment and Finance Company Ltd 0.53 Larsen & Toubro Infotech Ltd 0.52 Larsen & Toubro Infotech Ltd 0.52 Hindalco Industries Ltd 0.51 Tech Mahindra Ltd 0.52 Tech Mahindra Ltd 0.51 NESCO Ltd 0.51 Heritage Foods Ltd 0.48 ACC Ltd 0.49 Apollo Tyres Ltd 0.45 National Aluminium Co. Ltd 0.46 ACC Ltd 0.45 Bank of Baroda 0.37 Ahluwalia Contracts (India) Limited 0.42 Ujjivan Financial Services Limited 0.37 NMDC Ltd 0.40 AIA Engineering Ltd 0.36 Sun Pharmaceutical Inds Ltd 0.37 Motherson Sumi Systems Ltd 0.33 AIA Engineering Ltd 0.33 Tata Steel Ltd 0.32 Tata Motors Ltd 0.32 Heritage Foods Ltd 0.31 Zee Entertainment Ent Ltd 0.25 NMDC Ltd 0.30 Emami Limited 0.17 Federal Bank Ltd 0.23 Bank of Baroda 0.16 0.22 Tata Steel Ltd 0.00 Bajaj Finserv Ltd 0.20 Total - Equity Securities 35.08 Syndicate Bank 0.15 Andhra Bank 0.12 Bharat Heavy Electricals Ltd 0.11 United Bank of India 0.06 Total - Equity Securities 36.82

Debt 10.15% Mahindra & Mahindra Fin. Serv. 2022 0.73 9.43% LIC Housing Finance Ltd 2022 0.54 9.15% Axis Bank Ltd 2022 0.18 9.98% Infrastructure Leasing & Financial Serv. 2021 0.18 9.61% Power Finance Corporation Ltd 2021 0.18 8% Britannia Industries Ltd 2022 0.00 Total - Corporate bonds 1.81 Annexure Break up of Other Investments is as given below

Balanced Fund - Pension Balanced 1 Fund Security Name Percentage Security Name Percentage Equity Equity Kotak Mahindra Bank Ltd 1.64 HDFC 1.83 Maruti Suzuki India Ltd 1.47 Titan Industries Ltd 1.45 Asian Paints Ltd 1.17 Mahindra & Mahindra 1.38 Bharti Airtel Ltd 0.99 Hero Motocorp Limited 1.28 Bajaj Finance Ltd 0.95 Bajaj Finance Ltd 1.23 Axis Bank Ltd 0.94 NTPC Ltd 1.21 HCL Technologies Ltd 0.88 Manappuram Finance Ltd. 1.07 Mahindra & Mahindra 0.82 Bank of Baroda 0.92 Titan Industries Ltd 0.80 UPL Ltd 0.89 State Bank of India 0.77 Bharti Airtel Ltd 0.89 Nestle India Ltd 0.76 0.88 NTPC Ltd 0.76 Bharat Heavy Electricals Ltd 0.85 Sun Pharmaceutical Inds Ltd 0.68 Britannia Industries Ltd 0.84 Power Grid Corporation Ltd 0.68 HCL Technologies Ltd 0.76 ONGC Ltd 0.65 Indian Oil Corporation Ltd 0.72 Tech Mahindra Ltd 0.63 Kotak Mahindra Bank Ltd 0.68 Ultratech Cement Limited 0.61 Dabur India Ltd 0.60 Bajaj Auto Ltd 0.60 Ambuja Cements Ltd 0.60 Bharat Petroleum Corpn Ltd 0.60 The Indian Hotels Co. Ltd 0.58 Britannia Industries Ltd 0.56 Indraprastha Gas Ltd 0.54 Wipro Ltd 0.55 Petronet LNG Ltd 0.54 Bajaj Finserv Ltd 0.55 Ashok Leyland Ltd 0.54 Coal India Ltd 0.54 Ultratech Cement Limited 0.54 Indian Oil Corporation Ltd 0.50 Glaxosmithkline Pharma Ltd 0.53 Hero Motocorp Limited 0.50 Grasim Industries Ltd 0.52 Dr Reddys Laboratories Ltd 0.49 Hindalco Industries Ltd 0.51 UPL Ltd 0.48 Engineers India Ltd 0.48 Indusind Bank Ltd 0.47 Tata Chemicals Ltd 0.48 Tata Motors Ltd 0.45 Pidilite Industries Ltd 0.45 Eicher Motors Ltd 0.43 Crompton Greaves Consumer Electricals Limited 0.45 Grasim Industries Ltd 0.42 Havells India Ltd 0.41 Tata Steel Ltd 0.41 Cholamandalam Investment and Finance Company Ltd 0.41 Hindalco Industries Ltd 0.39 City Union Bank Ltd 0.37 Vedanta Ltd 0.38 Canara Bank 0.37 GAIL (India) Ltd 0.35 Torrent Pharma Ltd 0.36 Cipla Ltd 0.34 Mahanagar Gas Ltd 0.36 Bharti Infratel Ltd 0.25 Thermax Ltd 0.34 Zee Entertainment Ent Ltd 0.23 MRF Ltd 0.34 Bank of Baroda 0.21 GAIL (India) Ltd 0.32 Adani Ports & Special Economic Zone Ltd. 0.19 Sun Pharmaceutical Inds Ltd 0.30 JSW Steel Ltd 0.14 Tech Mahindra Ltd 0.29 Yes Bank Ltd 0.05 ACC Ltd 0.29 Thermax Ltd 0.00 Motherson Sumi Systems Ltd 0.27 Total - Equity Securities 25.34 Tata Motors Ltd 0.25 Granules India Ltd 0.24 Dr Reddys Laboratories Ltd 0.22 Kansai Nerolac Paints Ltd 0.21 Zydus Wellness Ltd 0.18 Zee Entertainment Ent Ltd 0.15 Cipla Ltd 0.14 Ltd 0.13 Asian Paints Ltd 0.11 United Bank of India 0.07 Reliance ETF Bank BeES 0.02 Tata Steel Ltd 0.00 Total - Equity Securities 30.39

Debt 8.07% Energy Efficiency Services Ltd 2021 0.55 9.75% Rural Electrification Corp 2021 0.54 8.07% Energy Efficiency Services Ltd 2020 0.54 8.75% HDFC 2020 0.54 10.09% MRF Ltd 2021 0.31 9.9% HDFC 2021 0.22 9.43% LIC Housing Finance Ltd 2022 0.21 9.98% Infrastructure Leasing & Financial Serv. 2021 0.15 10.5% Mahindra & Mahindra Fin. Serv. 2021 0.15 9.36% Power Finance Corporation Ltd 2021 0.14 8% Britannia Industries Ltd 2022 0.00 8.49% NTPC Ltd 2025 0.00 Total - Corporate bonds 3.37 Annexure Break up of Other Investments is as given below

Dynamic Asset Allocation Fund Debt 1 Fund Security Name Percentage Security Name Percentage Equity Debt Hindustan Unilever Ltd 1.65 8.11% Rural Electrification Corp 2025 1.51 Kotak Mahindra Bank Ltd 1.50 7.8% Apollo Tyres Ltd 2022 1.51 Maruti Suzuki India Ltd 1.14 7.42% LIC Housing Finance Ltd 2022 1.51 Axis Bank Ltd 1.10 7.43% HDFC 2022 1.51 Bajaj Finance Ltd 1.02 8.95% Food Corporation of India 2029 1.07 State Bank of India 0.89 8.65% Power Finance Corporation Ltd 2024 1.06 Asian Paints Ltd 0.81 7.65% Infrastructure Leasing & Financial Serv. 2022 1.03 Titan Industries Ltd 0.68 8.2% National Bank For Agricultural Devlopment 2028 1.03 Mahindra & Mahindra 0.68 8.25% IDFC First Bank Limited 2022 1.02 HCL Technologies Ltd 0.67 8% India Infradebt Limited 2022 1.02 Bharti Airtel Ltd 0.67 8.85% Shriram Transport Finance Co. Ltd. 2021 1.02 Manappuram Finance Ltd. 0.64 8.51% India Infradebt Limited 2021 1.01 Bajaj Finserv Ltd 0.57 8.43% HDFC 2025 0.90 ONGC Ltd 0.56 8.07% Energy Efficiency Services Ltd 2023 0.89 NTPC Ltd 0.54 10.3% Sundaram Finance Ltd 2022 0.84 Tech Mahindra Ltd 0.51 9.39% LIC Housing Finance Ltd 2024 0.81 Ultratech Cement Limited 0.50 9.22% LIC Housing Finance Ltd 2024 0.80 Indusind Bank Ltd 0.50 9.5% Infrastructure Leasing & Financial Serv. 2024 0.78 Bajaj Auto Ltd 0.49 8.9% Reliance Jio Infocomm Limited 2020 0.74 Wipro Ltd 0.46 8.9% Infrastructure Leasing & Financial Serv. 20210.74 Power Grid Corporation Ltd 0.45 7.964% Sundaram Finance Ltd 2021 0.70 Sun Pharmaceutical Inds Ltd 0.45 9.3% L&T Infra Debt Fund Ltd 20230.58 Britannia Industries Ltd 0.45 9.34% Rural Electrification Corp 2024 0.54 Indian Oil Corporation Ltd 0.44 8.44% Rural Electrification Corp 2021 0.51 Bharat Petroleum Corpn Ltd 0.44 9.05% Shriram Transport Finance Co. Ltd. 2021 0.51 Coal India Ltd 0.43 7.9% India Infradebt Limited 2022 0.51 Tata Motors Ltd 0.41 9.25% Shriram Transport Finance Co. Ltd. 20210.51 Eicher Motors Ltd 0.40 8.2% HDFC 2021 0.51 Zydus Wellness Ltd 0.40 8.6% LIC Housing Finance Ltd 2021 0.51 Tata Steel Ltd 0.40 10.15% Bajaj Finance Ltd 2024 0.50 UPL Ltd 0.39 8.6% LIC Housing Finance Ltd 2020 0.50 Hero Motocorp Limited 0.38 7.5% Apollo Tyres Ltd 2021 0.50 Petronet LNG Ltd 0.38 8.68% LIC Housing Finance Ltd 2020 0.50 Grasim Industries Ltd 0.37 8.8% IDFC First Bank Limited 2020 0.50 Dr Reddys Laboratories Ltd 0.33 8.55% India Infradebt Limited 20200.49 The Indian Hotels Co. Ltd 0.32 9.15% Axis Bank Ltd 2022 0.47 Vedanta Ltd 0.32 9.36% Power Finance Corporation Ltd 2021 0.46 Hindalco Industries Ltd 0.30 9.9% HDFC 2021 0.44 GAIL (India) Ltd 0.30 9.34% HDFC 2024 0.43 Adani Ports & Special Economic Zone Ltd. 0.27 8.7% Power Grid Corporation Ltd 2023 0.42 Cipla Ltd 0.27 9.39% Power Finance Corporation Ltd 2024 0.41 Tata Chemicals Ltd 0.24 9.37% Power Finance Corporation Ltd 2024 0.38 JSW Steel Ltd 0.23 9.35% Rural Electrification Corp 2022 0.37 Indraprastha Gas Ltd 0.23 9.75% Rural Electrification Corp 2021 0.32 Marico Ltd 0.20 9.23% LIC Housing Finance Ltd 2022 0.32 Bank of Baroda 0.19 8.93% Power Grid Corporation Ltd 2022 0.30 Ambuja Cements Ltd 0.19 8.07% Energy Efficiency Services Ltd 2021 0.30 Thermax Ltd 0.18 8.75% HDFC 2020 0.30 Emami Limited 0.14 10.3% Il&FS Financial Services Ltd 2021 0.30 Bharti Infratel Ltd 0.14 10.09% MRF Ltd 2020 0.28 Zee Entertainment Ent Ltd 0.14 10.02% Mahindra & Mahindra Fin. Serv. 2022 0.27 Corp Ltd 0.11 10.15% Mahindra & Mahindra Fin. Serv. 2022 0.27 Sun TV Network Ltd 0.08 9.61% Power Finance Corporation Ltd 2021 0.26 Lupin Ltd 0.05 8.48% LIC Housing Finance Ltd 2020 0.20 Union Bank of India 0.04 10.5% Mahindra & Mahindra Fin. Serv. 20210.18 Total - Equity Securities 25.63 10.09% MRF Ltd 2021 0.18 9.98% Infrastructure Leasing & Financial Serv. 2021 0.11 Debt 7.17% National Highways Authority of India 2021 0.10 7.8% Apollo Tyres Ltd 2022 0.51 Total - Corporate bonds 35.74 7.8066% Kotak Mahindra Prime Ltd 2020 0.51 8% Britannia Industries Ltd 2022 0.00 Debt Total - Corporate bonds 1.02 8.17% Government of India 2044 0.36 7.59% Government of India 2026 0.25 8.42% State Government of Andhra Pradesh 2028 0.24 8.3% Government of India 2040 0.22 Debt Fund - Pension 8.8% State Government of Kerala 2022 0.10 Security Name Percentage 8.12% Government of India 2020 0.05 Debt Total - Sovereign Securities 1.23 9.34% HDFC 2024 1.71 9.61% Power Finance Corporation Ltd 2021 0.82 10.3% Il&FS Financial Services Ltd 2021 0.58 Debt Fund Total - Corporate bonds 3.11 Security Name Percentage Debt 10.3% Il&FS Financial Services Ltd 2021 1.48 9.39% LIC Housing Finance Ltd 2024 1.30 10.5% Mahindra & Mahindra Fin. Serv. 2021 1.06 9.15% Axis Bank Ltd 2022 1.06 Total - Corporate bonds 4.89 Annexure Break up of Other Investments is as given below

Value Fund Index Tracker Fund Security Name Percentage Security Name Percentage Equity Equity Glaxosmithkline Pharma Ltd 1.15 NTPC Ltd 1.25 Bharti Airtel Ltd 1.14 Nestle India Ltd 1.19 HCL Technologies Ltd 1.09 Sun Pharmaceutical Inds Ltd 1.13 NESCO Ltd 1.08 Power Grid Corporation Ltd 1.11 Engineers India Ltd 1.06 ONGC Ltd 1.07 Britannia Industries Ltd 1.04 Ultratech Cement Limited 1.01 Mahanagar Gas Ltd 1.04 Bharat Petroleum Corpn Ltd 1.00 Shriram Transport Finance Co. Ltd. 1.00 Tech Mahindra Ltd 0.99 HDFC 0.99 Bajaj Auto Ltd 0.98 Cholamandalam Investment and Finance Company Ltd 0.98 Britannia Industries Ltd 0.93 Indian Oil Corporation Ltd 0.94 Coal India Ltd 0.89 Crompton Greaves Consumer Electricals Limited 0.93 Bajaj Finserv Ltd 0.89 Petronet LNG Ltd 0.92 Wipro Ltd 0.84 GAIL (India) Ltd 0.91 Indian Oil Corporation Ltd 0.84 Havells India Ltd 0.89 Hero Motocorp Limited 0.82 City Union Bank Ltd 0.86 Dr Reddys Laboratories Ltd 0.81 Ambuja Cements Ltd 0.86 UPL Ltd 0.79 Ultratech Cement Limited 0.82 Eicher Motors Ltd 0.76 MRF Ltd 0.80 Indusind Bank Ltd 0.75 Federal Bank Ltd 0.78 Tata Motors Ltd 0.75 Ashok Leyland Ltd 0.77 Grasim Industries Ltd 0.71 Ujjivan Financial Services Limited 0.77 Tata Steel Ltd 0.69 Torrent Pharma Ltd 0.77 Hindalco Industries Ltd 0.64 Garware Technical Fibres Ltd. 0.76 Vedanta Ltd 0.64 Aegis Logistics Limited 0.74 GAIL (India) Ltd 0.58 The Indian Hotels Co. Ltd 0.73 Cipla Ltd 0.57 Gujarat State Fert & Chem. Ltd 0.73 Bharti Infratel Ltd 0.40 Indraprastha Gas Ltd 0.71 Zee Entertainment Ent Ltd 0.38 Dabur India Ltd 0.71 Adani Ports & Special Economic Zone Ltd. 0.30 Ajanta Pharma Limited 0.66 JSW Steel Ltd 0.23 Thermax Ltd 0.61 Yes Bank Ltd 0.08 ONGC Ltd 0.61 Total - Equity Securities 24.04 KNR Constructions Limited 0.60 Marico Ltd 0.53 Larsen & Toubro Infotech Ltd 0.51 Motherson Sumi Systems Ltd 0.51 Hindalco Industries Ltd 0.50 Tech Mahindra Ltd 0.50 Heritage Foods Ltd 0.47 ACC Ltd 0.45 Apollo Tyres Ltd 0.42 NMDC Ltd 0.40 Ahluwalia Contracts (India) Limited 0.40 Sun Pharmaceutical Inds Ltd 0.37 AIA Engineering Ltd 0.33 Tata Motors Ltd 0.32 Emami Limited 0.31 Zee Entertainment Ent Ltd 0.25 Bank of Baroda 0.18 Tata Steel Ltd 0.00 Total - Equity Securities 34.91 Toll Free No. 1800 209 8700 SMS to 5667735, SMS charges apply. Website: www.indiafirstlife.com

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