Fund Fact Sheet Unit Linked Insurance Plans – Individual Policyholders June 2020

Fund Fact Sheet Unit Linked Insurance Plans – Individual policyholders June 2020

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 June 2020

Indian equity market indices rose sharply during the month Crude Oil prices rose, continuing its comeback from record lows mainly outperforming most global markets. Market rally was driven by led by output cuts. Gold prices continued to rise, driven by safe haven optimism surrounding opening of the economy post easing of the demand. lockdown measures and the continued economic support provided Domestically, geopolitical tensions rose as the Indo-China military by the government and central bank. Fixed income markets standoff continued along the Line of Actual Control (LAC) near remained rangebound during the month. Eastern Ladakh. Government of India also banned certain Chinese Below are some key pointers which impacted the markets during apps citing cybersecurity concerns. the month: Government initiated the process of phased opening of the economy • Central Government began the process of ‘unlock down’ i.e. phase known as ‘unlock down’. Key economic data such industrial production, wise opening of the economy. core sector data (for May) & manufacturing PMI remained subdued, reflecting the economic impact of the lockdown measures to combat • India-China border tensions intensified amid military standoff along the virus spread. The future trajectory of economic data continues to the Line of Actual Control (LAC) in Eastern Ladakh. remain uncertain. RBI announced open market operations (OMO) of • Credit Rating Agency Moody’s downgraded India’s sovereign credit government securities whereby it aims simultaneous purchase and rating by one notch and maintained their negative outlook. sale of government securities of different tenors. • Key economic parameters such as factory output (IIP de-growth of With regards to the institutional flows, FPI were net buyers of equities 55.5 percent in April vs de-growth 16.7 percent in March), (cash market) worth INR 18684 Cr (USD 2473 Mn) and sellers of debt manufacturing PMI (PMI of 47.2 in June vs 30.8 in May) have been worth INR 1714 Cr (USD 226 Mn). DIIs were buyers of equities worth reflecting the economic impact of COVID 19 outbreak. Meanwhile, INR 2434 Cr (USD 320 Mn). the headline retail inflation data wasn’t released given limited availability of data.

Performance of Sectoral indices during June 2020 Movement / Trends in key market variables:

Present Price Change Particulars Level 3M 6M 1 Year Generic 1st 'CO' Future 41.15 80.96% -37.65% -38.17% Gold Spot $/Oz 1780.96 12.92% 17.38% 26.35% Indian Rupee Spot 75.5075 -0.16% 5.78% 9.39% MSCI EM 995.1 17.27% -10.73% -5.67% MSCI WORLD 2201.79 18.84% -6.64% 1.08% Nifty 50 10302.1 19.82% -15.34% -12.61%

Equity Market Valuation: Sensex @ 34915 FY20 FY21E FY22E EPS 1640 1660 2160 PE 21.3 21 16.2 Source: Select Brokerage Estimates. Market Outlook: Debt Market Data Points: Equity Market Outlook: Present Basis Point Change Particulars Level (%) 3M 6M 1 Year At current levels of 34915, SENSEX is trading at 21.3x trailing 12-

India 10 year bond yield 5.88 (25) (67) (99) month earnings of INR 1640. Over the past few years, market rally had been primarily driven by AAA – 10 year Spread 1.17 (20) 9 (1) multiple expansion without accompanying earnings growth. COVID-19 Spread (India 10 year – US acted as a trigger for the expensive valuations to correct and mean 5.22 (23) 59 35 10 year) revert. Based on historical data (past 20-years) for the domestic markets, PE multiple greater than 21x has been considered as Market Overview: expensiveandthemarketshadbeenhoveringinthatzoneforpast3-4 years. Despite the recent rebound, the markets are down ~15 percent Global equity markets continued to rise during the month even as from the peak. COVID-19 infections mounted in some geographies such as the US & certain emerging markets. Market participants remained focused on Some of sectors such as (BFSI, Auto, Consumer Durables), which economic indicators post easing of the lockdown measures, looking for were trading at stretched valuation multiples, bore the brunt of the fall. signs of an early economic rebound. Governments and global central Historically, post such a tectonic shift, new sectors typically emerge as banks continued to provide fiscal and liquidity support. Macroeconomic market leaders. Considering the above, some sectors such as rural, data was mixed as retail sales in the US rose sequentially where US consumption themes (Select FMCG and Agri), IT and utilities have jobless claims rose (topping 47 million in last fourteen weeks) and the favourable risk-reward. unemployment rate for May came at ~13 percent. Going ahead, growth revival would be dependent on how the un- To remain accommodative on the policy side to revive growth, RBI in its lockdown evolves. There remains considerable uncertainty since policy announced in May 20 cut repo rates by 40 bps and announced COVID-19 infections continue to rise and in the absence of any vaccine several measures to support economy in the light of COVID 19 approval till date, could lead to further social distancing measures. This pandemic effect of lockdowns. RBI in the last week of June 20 could have a lasting economic impact. Some other risks such as trade conducted a special OMO of simultaneous purchase and sale of war & geo political tensions continue to linger. In the interim, impact of Government securities. All these measures along with the measures the recent policy responses, reopening of supply chain linkages, announced in the previous months would help the yields remain soft in corporate earnings trajectory / shock and crude / commodity price the near future. trajectory would also be keenly watched. Government of India post announcement of a comprehensive package Considering the risks looming on the horizon and the uncertain of Rs. 1.70 lakh crores in March 2020, which covered cash transfers trajectory of economic growth in the near term, market correction and food security for vulnerable sections of society including farmers, cannot be ruled out from current levels. Increase in market volatility can migrant workers, urban and rural poor extended the food security also be expected but it could also provide attractive opportunities to measures till end of November 2020 indicating additional expenditure of accumulate quality stocks. A gradual increase in allocation towards around 90000 Crores. This is in addition to the fiscal stimulus package equity can be considered with a 3 – 5 year perspective. Equity as an of Rs. 20 Lakh crores announced in the previous month with the focus asset class has proven its ability to deliver superior returns in the long on providing support to MSMEs and also NBFCs that have been hit term. hard by the lock downs. The rupee has been range bound throughout the month reaching the Debt Market Outlook: levels of Rs. 76.21 to close at the levels of Rs. 75.56 by month end. The 10-year G-Sec yields closed at the levels of 5.99% against the The Indian Debt markets have experienced huge FPI outflows in the previous month close of 6.01%. The bond yields were range bound last 3-4 months as a result of heightened fears of coronavirus induced throughout the month post announcement of RBI policy on May 22, global recession. With FPIs opting for withdrawal from riskier 2020. The new 10-year G-Sec issued by RBI, with an cut off yield of investment destinations and investment in safe heavens of dollar driven 5.79% in May 2020 closed at the levels of 5.89% as on June 30, 2020. assets. Growth outlook for economic activity is expected to remain depressed in With systemic liquidity likely to remain in surplus post implementation of H1 2021 with recovery expected only in the second half of the year 20. RBI’s measures we expect bond yields to remain soft in the near term. RBI gave directional guideline on the inflation than giving a specific RBI is also likely to continue with its measures to ease liquidity in the level with availability of limited data for the month of April 20, indicating market. The only concern for the market could be front loading and that the headline inflation might ease in the second half of the year once increase in the borrowings announced by the Government which might the agriculture supply chains get restored in the coming months with lead to moving the rates higher. gradual relaxation of lockdown. Core inflation is likely to ease further Keeping a close watch on the economic data points and the factors due to lower demand as a result of impact on the consumer sentiment. discussed above, we have marginally increased the duration in our Debt Funds and will continue to remain invested in the medium segment of the yield curve in the present scenario mostly in sovereign and AAA corporate bonds only.

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/13th Floor, North [C] Wing, Tower 4, NESCO IT Park, Nesco Center Western Express Highway, Goregaon (East), Mumbai - 400 063. CIN: U66010MH2008PLC183679. Fund Manager’s Comments June 2020

Fund Manager's Comments on Debt Portfolio

The 10 year G-Sec yields closed at the levels of 5.99% against the previous month close of 6.01%. The bond yields were range bound throughout the month post announcement of RBI policy on May 22, 2020. The new 10 year G-Sec issued by RBI, with an cut off yield of 5.79% in May 2020 closed at the levels of 5.89% as on June 30, 2020. To remain accommodative on the policy side to revive growth, RBI in its policy announced in May 20 cut repo rates by 40 bps and announced several measures to support economy in the light of COVID 19 pandemic effectoflockdowns.RBIinthelastweekofJune20conductedaspecial OMO of simultaneous purchase and sale of Government securities. All these measures along with the measures announced in the previous months would help the yields remain soft in the near future. Growth outlook for economic activity is expected to remain depressed in H1 2021 with recovery expected only in the second half of the year 20. RBI gave directional guideline on the inflation than giving a specific level with availability of limited data for the month of April 20, indicating that the headline inflation might ease in the second half of the year once the supply lines get restored in the coming months with gradual relaxation of lockdown. Government of India post announcement of a comprehensive package of Rs. 1.70 lakh crores in March 2020, which covered cash transfers and food security for vulnerable sections of society including farmers, migrant workers, urban and rural poor extended the food security measures till end of November 2020 indicating additional expenditure of around 90000 Crores. This is in addition to the fiscal stimulus package of Rs. 20 Lakh crores announced in the previous month with the focus on providing support to MSMEs and also NBFCs that have been hit hard by the lock downs. International Oil prices have remained range bound throughout the month after falling by almost by around 60% since the start of 2020 on the concerns of demand. The rupee has been range bound throughout the month reaching the levels of Rs. 76.21 to close at the levels of Rs. 75.56 by month end. With systemic liquidity likely to remain in surplus post implementation of RBI’s measures we expect bond yields to remain soft in the near term. RBI is also likely to continue with its measures to ease liquidity in the market. Keeping a close watch on the economic data points and the factors discussed above, we have marginally increased the duration in our Debt Funds and will continue to remain invested in the medium segment of the yield curve in the present scenario mostly in sovereign and AAA corporate bonds only.

Fund Manager's Comments on Equity Portfolio

In the month of June 2020, the Indian headline indices ended on a positive note with the Sensex (+7.6%) and Nifty (+7.5%) outperforming other key global indices. The BSE Midcap (+10.2%) and BSE Smallcap (+13.6%) have outperformed the headline indices. Markets ended in green on the back of Governments directions to unlock in a phased manner, IMD forecast of normal monsoon and SC giving clarification on loan moratorium case. The markets were resilient for the month despite India-China face-off. On the Economy front, IIP growth plummeted by -55% in April-20 as against -18.3% in Mar-20 due to the implementation of nationwide lockdown. CPI food inflation moderated to 9.3% in May-20 as against 10.5% in April-20 led by softer vegetable prices. Key global indices have ended in green on the back of monetary measures by key central banks and improving economic activity. FPIs bought equity worth US$ 2.47 bn and DIIs bought equity worth US$ 0.32 bn in cash segment for the month. Globally, continuity in governments providing fiscal stimulus, gradual recovery in economic activity and geopolitical tensions across the globe including the rift between India-China would be the key factors in determining the market direction going ahead. On the domestic front significant uncertainties persist over the recovery of economy in the near term due to raising infection rates and continued social distancing norms. As the lockdown has resulted in income devastation, deterioration of corporate balance sheets and unemployment, the economic recovery is unlikely to be V-Shaped in the near term. Given the inherent uncertainties in the near term we would approach the markets with a cautious view and stick to companies which have stronger balance sheets. In light of the changing dynamics, we prefer rural & consumption themes (Select FMCG and Agri), IT and utilities to which we have realigned our portfolio. Going ahead, with the ever-changing dynamics we may take call on specific sector/companies. Summary of performance of Funds vs. Benchmark (As on June 30, 2020) Unit Linked Insurance Plans - Individual policyholders Returns in % Funds Name & Benchmark 1 year 3 years 5 years Since Inception

Equity Fund -13.64 -0.55 2.52 6.38 Benchmark (90% Nifty 50 Index & 10% Nifty 1 day Rate Index ) -10.90 2.95 4.41 6.83 Nifty 50 Index -12.61 2.66 4.24 6.84

Equity1 Fund -12.51 1.37 3.94 6.30 Benchmark (90% Nifty 50 Index & 10% Nifty 1 day Rate Index) -10.90 2.95 4.41 6.03 Nifty 50 Index -12.61 2.66 4.24 5.93

Equity Pension Fund -11.99 1.60 4.28 7.26 Benchmark (90% Nifty 50 Index & 10% Nifty 1 day Rate Index) -10.90 2.95 4.41 6.83 Nifty 50 Index -12.61 2.66 4.24 6.84

Equity Elite Opportunities -11.80 0.98 - 3.14 Benchmark (60% Nifty 50 Index & 40% Nifty 1 day Rate Index) -5.76 3.83 - 5.25 Nifty 50 Index -12.61 2.66 - 4.98

Index Tracker Fund -11.77 2.52 4.13 5.70 Benchmark (95% Nifty 50 Index & 5% Nifty 1 day Rate Index) -11.75 2.81 4.33 5.76 Nifty 50 Index -12.61 2.66 4.24 5.70

Value Fund -13.20 -0.20 4.32 6.87 Benchmark (90% S&P BSE 100 Index & 10% Nifty 1 day Rate Index) -10.87 2.22 4.40 5.91 S&P BSE 100 Index -12.59 1.85 4.22 5.79

Dynamic Asset Allocation Fund -5.51 1.84 4.28 9.07 Benchmark (60% Nifty 50 Index, 10% Nifty 1 day Rate Index & 30% NIFTY Composite Debt Index) -3.23 4.69 5.86 8.45

Balanced Fund -5.96 2.58 4.58 6.56 Benchmark (60% Nifty 50 Index, 10% Nifty 1 day Rate Index & 30% NIFTY Composite Debt Index) -3.23 4.69 5.86 7.29

Balanced 1 Fund -6.28 2.54 4.49 6.21 Benchmark (60% Nifty 50 Index, 10% Nifty 1 day Rate Index & 30% NIFTY Composite Debt Index) -3.23 4.69 5.86 6.92

Balanced Pension Fund -2.75 4.64 6.09 7.36 Benchmark (60% Nifty 50 Index, 10% Nifty 1 day Rate Index & 30% NIFTY Composite Debt Index) -3.23 4.69 5.86 7.29

Debt Fund 7.63 5.37 7.19 7.38 Benchmark (85% NIFTY Composite Debt Index & 15% Nifty 1 day Rate Index) 11.69 8.03 8.61 8.14

Debt1 Fund 8.30 3.96 5.99 6.90 Benchmark (85% NIFTY Composite Debt Index & 15% Nifty 1 day Rate Index) 11.69 8.03 8.61 8.42

Debt Fund Pension 7.40 5.50 7.12 7.24 Benchmark (85% NIFTY Composite Debt Index & 15% Nifty 1 day Rate Index) 11.69 8.03 8.61 8.14

Liquid Fund 2.90 3.95 4.38 5.18 Benchmark (100% Nifty 1 day Rate Index) 4.52 5.58 5.96 6.72

Liquid Pension Fund 2.76 3.70 4.15 5.30 Benchmark (100% Nifty 1 day Rate Index) 4.52 5.58 5.96 6.70

Note: 1. The above summary is based on the data as on June 30, 2020 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 Funds at a Glance

Name of the FundEquity Fund/Equity Pension Fund/Equity1 Fund Name of the Fund Balanced Fund/Balanced Pension Fund/Balance1 Fund

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

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

This Fund is positioned as a diversified equity fund with a This fund is positioned as a balanced mix of debt and equity, with moderate exposure to mid-cap stocks. The aim of the Fund is to the asset allocation pattern providing a good opportunity to provide a stable and sustainable relative out performance vis-à- provide consistent and sustainable returns. The equity portion will vis the benchmark. The Fund will stick to the theme of discipline, have a highly diversified portfolio with high liquidity while the debt Fund Positioning Fund Positioning diligence and dividend yield while selecting equity stocks. The portion will comprise of high rated debt instruments with low to Fund will have an exposure of upto 30 percent to mid-cap moderate liquidity. The asset allocation will follow a macro level companies. The remaining exposure will continue to be in large- market scenario and the individual stock selection will be with cap companies. micro level performance 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% Nifty 1 day Net Asset Value Declared every business day Benchmark Rate Index) Fund's Fact Sheet Published monthly

Benchmark Composition (60% Nifty 50 Index, 10% Nifty 1 day Benchmark Name of the Fund Debt Fund/Debt Pension Fund/Debt1 Fund Rate Index & 30% NIFTY Composite Debt Index) Nature of the Fund Primarily invested in debt instruments

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

To provide capital protection with growth at short-term interest Investment Objective This fund is positioned as a pure debt oriented fund, with asset rates while providing a high level of liquidity. allocation pattern providing a good opportunity to provide consistent and sustainable returns. The debt portfolio will comprise of high rated debt instruments with a low to moderate liquidity, government securities and money market investments This Fund is positioned as a pure debt oriented short term liquid Fund Positioning with very high safety and easy liquidity. The asset allocation fund with the asset allocation pattern giving a reasonable between corporate debt and government securities/money market opportunity to provide consistent and sustainable returns, with very high liquidity. The investment portfolio will primarily comprise investments and the portfolio duration of the fund, will follow a Fund Positioning macro level economic scenario while the individual corporate debt of high rated short term money market investments with very high investments will follow with a micro level credit worthiness and safety and easy liquidity. The maturity profile and the portfolio debt servicing capacity of companies. duration will follow a macro level economic 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 ( Financial Head – Fixed Income Dr. Poonam Tandon Management) B.Com ( Hons.), PGDBM( XLRI, Jamshedpur) , CAIIB , Ph.D ( Financial Fund Manager Sandeep Shirsat- B.Com, ICWA 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% NIFTY Composite Debt Index & Fund's Fact Sheet Published monthly Benchmark 15% Nifty 1 day Rate Index) Benchmark 100% Nifty 1 day Rate 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 high growth opportunities with an objective of long To provide long-term capital appreciation with relatively lower Investment Objective term capital appreciation through investments primarily in equity Investment Objective volatility by dynamically adjusting the capital allocation between and equity related instruments. equity and fixed income instruments.

This fund will be positioned as a multi-cap pure value fund with This Fund would be positioned as a dynamic equity fund aiming to clearly defined investment criteria for investing in value stocks. provide a stable and sustainable relative out performance vis-àvis Fund Positioning The fund will invest in stocks that are relatively undervalued to Fund Positioning the benchmark. The asset allocation between equity and fixed their intrinsic value and will create wealth for investors in the income instruments will be based on the PE level of the index medium to long term. (Sensex).

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 & 10% Nifty 1 Benchmark Composition (60% Nifty 50 Index, 10% Nifty 1 day Benchmark Benchmark day Rate Index) Rate Index & 30% NIFTY Composite Debt Index)

Name of the FundIndex Tracker Fund Name of the Fund Equity Elite Opportunities Fund

Nature of the Fund Equity Index Fund Nature of the Fund Equity Growth Fund - Primarily invested in equity

To provide growth opportunities with an objective of long term The principal investment objective of the scheme is to invest in capital appreciation through investments primarily in equity and Investment Objective stocks of companies comprising large cap Index stocks and Investment Objective equity related instruments and an active management of asset endeavour to achieve return equivalent to large cap index. allocation between Equity and Money Market instruments.

Major portion of this Fund will be invested only in large cap index This Fund is positioned as a diversified equity fund aiming to equity stocks. The exposure / weightages of investment stocks provide a stable and sustainable relative out performance vis-à- Fund Positioning will, however be subject to regulatory investment guidelines and vis the benchmark. The fund would stick to the theme of exposure norms. Fund Positioning discipline, diligence and dividend yield while selecting the equity stocks. It would invest at least 70 % of its exposure to equity in the large cap stocks (from CNX Nifty Index or BSE 100 Index ) and Asset Allocation Equity Debt Money market the remaining could be in mid / small cap equity stocks. Minimum 90 0 0 Maximum 100 0 10 Asset Allocation Equity Debt Money market Chief Investment Officer Shri A.K.Sridhar, B.Sc, ACA Minimum 60 0 0 Fund Manager Viraj Nadkarni- Maximum 100 0 40 M.Com, C.S. ( Company Secretary), MBA ( Finance) Chief Investment Office Shri A.K.Sridhar, B.Sc, ACA Date of Launch September 22, 2010 Fund Manager Viraj Nadkarni- Net Asset Value Declared every business day M.Com, C.S. ( Company Secretary), MBA ( Finance) Fund's Fact Sheet Published monthly Date of Launch October 27, 2016 Benchmark Composition (95% Nifty 50 Index & 5% Nifty 1 day Net Asset Value Declared every business day Benchmark Rate Index) Fund's Fact Sheet Published monthly Benchmark Compostion (60% Nifty 50 Index & 40% Nifty 1 Day Benchmark Index)

# Nifty 50/ S&P BSE 100 Index Equity Fund, Equity Fund Pension, Balanced Fund, Balanced Fund Pension and 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 use of such index and in no event shall IISL have any liability to any party for any damages of whatsoever nature (including lost profits) resulted to such party due to purchase or sale or otherwise of such product benchmarked to such index.

“Standard & Poor's® and “S&P® are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Bombay Stock Exchange (BSE). The S&P BSE 100 Index is not compiled, calculated or distributed by Standard & Poor's and Standard & Poor's and BSE make no representation regarding the advisability of investing in products that utilize any such Index as a component. All rights in the S&P SENSEX/ S&P BSE 100 vest in Bombay Stock Exchange Ltd. (“BSE”). BSE and SENSEX are trademarks of BSE and are used by IndiaFirst Life Insurance 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. Fund Options under IndiaFirst ULIP Products - Individual Policyholders & Group Policyholders As on June 30, 2020 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 June 2020 ( based on portfolio as on 30.06.2020 ) 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 Infosys Technologies Ltd 7.35 Name Date of Inception NAV as on June 30, 2020 Reliance Industries Ltd 7.11 Equity 1 Fund15-Sep-10 Rs. 18.2017 HDFC 5.87 HDFC Bank Ltd 5.65 AUM Fund Manager Funds managed by the Fund Manager ITC Ltd 4.66 Rs. 1802 croreViraj Nadkarni Equity - 7, Debt - 0, Balanced - 5 ICICI Bank Ltd 4.37 Bharti Airtel Ltd 4.25 Reliance ETF Bank BeES 3.97 Targeted Asset Allocation Pattern in Percentage Kotak Banking ETF 3.96 Minimum Maximum Actual Tata Consultancy Services Ltd 3.81 Equity Shares 80 100 95 Hindustan Unilever Ltd 3.61 Debt Securities and Bonds 0 10 0 Larsen & Toubro Limited 2.92 Cash and Money Market Investments 0 20 5 State Bank of India 1.99 The actual asset allocation will remain within the 'minimum' and 'maximum' range based on market Axis Bank Ltd 1.83 opportunities and future outlook of the markets Britannia Industries Ltd 1.77 Sun Pharmaceutical Inds Ltd 1.66 Fund Positioning NTPC Ltd 1.56 This Fund is positioned as a highly diversified equity fund aiming to provide a stable and Hero Motocorp Limited 1.30 sustainable relative out performance visà-vis the benchmark. The fund will stick to the theme HCL Technologies Ltd 1.26 of discipline, diligence and dividend yield while selecting equity stocks. It will invest at least 70 Dr Reddys Laboratories Ltd 1.17 percent of its exposure to equity in large cap stocks (from Nifty 50 Index or BSE 100 Index) Others (See Annexure 1 for details) 24.97 and the remaining may be invested in mid/ small-cap equity stocks. Total - Equity Securities 95.04

Money Market Instruments 4.96 MF Units – Liquid Funds 0.00 Grand Total 100.00 Asset Allocation in crore as on June 30, 2020 89.48 Fund Manager's Comments 5% In the month of June 2020, the Indian headline indices ended on a positive note with the Sensex (+7.6%) and Nifty (+7.5%) outperforming other key global indices. The BSE Midcap (+10.2%) and BSE Smallcap (+13.6%) have outperformed the headline indices. Markets ended in green on the back of Governments directions to unlock in a phased manner, IMD forecast of normal monsoon and SC giving clarification on loan moratorium case. The markets were resilient for the month despite India-China face- 1712.93 off. On the Economy front, IIP growth plummeted by -55% in April-20 as against - 95% 18.3% in Mar-20 due to the implementation of nationwide lockdown. CPI food inflation moderated to 9.3% in May-20 as against 10.5% in April-20 led by softer vegetable Equity Money Market Instruments prices. Key global indices have ended in green on the back of monetary measures by key central banks and improving economic activity. FPIs bought equity worth US$ 2.47 bn and DIIs bought equity worth US$ 0.32 bn in cash segment for the month. Returns (%) Composite Globally, continuity in governments providing fiscal stimulus, gradual recovery in Period Equity 1 Fund economic activity and geopolitical tensions across the globe including the rift between Benchmark* India-China would be the key factors in determining the market direction going ahead. 1 Month 6.84 6.81 On the domestic front significant uncertainties persist over the recoveryofeconomyin 6 Months -15.51 -13.62 the near term due to raising infection rates and continued social distancing norms. As 1 Year -12.51 -10.90 the lockdown has resulted in income devastation, deterioration of corporate balance 2 Years -1.91 -1.21 sheets and unemployment, the economic recovery is unlikely to be V-Shaped in the near term. Given the inherent uncertainties in the near term we would approach the 2.95 3 Years 1.37 markets with a cautious view and stick to companies which have stronger balance 5 Years 3.94 4.41 sheets. Since Inception 6.30 6.03 *For details please refer "Fund at a Glance; # Annualised Retuns In light of the changing dynamics, we prefer rural & consumption themes (Select FMCG Industry -wise Exposure and Agri), IT and utilities to which we have realigned our portfolio. Going ahead, with the ever-changing dynamics we may take call on specific sector/companies. Industrial construction 2.92%

Miscellaneous 3.96%

Asset Management Services (Mutual Funds) 3.97%

Telecommunication Services 4.25%

Drugs & pharmaceuticals 4.49%

Tobacco Products 4.66%

Cosmetics, toiletries, soaps & detergents 4.81%

Refinery 7.82%

Computer software 12.42%

Financial and Insurance Activities 23.48%

Others 27.21%

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

Quantitative Indicators (Equity) Std Dev (Annualised) Sharpe Ratio Portfolio Beta 28.75% -0.44 1.02 Equity Fund (SFIN:ULIF001161109EQUITYFUND143)

Fact Sheet for June 2020 ( based on portfolio as on 30.06.2020 ) 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 Reliance Industries Ltd 7.20 Name Date of Inception NAV as on June 30, 2020 Infosys Technologies Ltd 6.91 Equity Fund25-Nov-09 Rs. 19.2733 Tata Consultancy Services Ltd 4.40 Kotak Banking ETF 4.27 AUM Fund Manager Funds managed by the Fund Manager Bharti Airtel Ltd 4.02 Rs. 158 croreViraj Nadkarni Equity - 7, Debt - 0, Balanced - 5 Reliance ETF Bank BeES 3.98 ITC Ltd 3.76 HDFC Bank Ltd 3.59 Targeted Asset Allocation Pattern in Percentage HDFC 3.44 Minimum Maximum Actual ICICI Bank Ltd 3.34 Equity Shares 80 100 96 Hindustan Unilever Ltd 2.59 Debt Securities and Bonds 0 10 0 State Bank of India 2.42 Cash and Money Market Investments 0 20 4 Larsen & Toubro Limited 2.34 The actual asset allocation will remain within the 'minimum' and 'maximum' range based on market Axis Bank Ltd 2.11 opportunities and future outlook of the markets Sun Pharmaceutical Inds Ltd 2.06 NTPC Ltd 1.76 Fund Positioning Kansai Nerolac Paints Ltd 1.55 This Fund is positioned as a highly diversified equity fund aiming to provide a stable and Lupin Ltd 1.41 sustainable relative out performance visà- vis the benchmark.The Fund will stick to the theme Britannia Industries Ltd 1.36 of discipline, diligence and dividend yield while selecting equity stocks. It will invest at least 70 HCL Technologies Ltd 1.29 percent of its exposure to equity in large cap stocks and the remaining may beinvestedin Others (See Annexure 1 for details) 32.37 mid/ small-cap equity stocks. Total - Equity Securities 96.17

Money Market Instruments 3.83 MF Units – Liquid Funds 0.00 Grand Total 100.00 Asset Allocation in crore as on June 30, 2020 6.04 Fund Manager's Comments 4% In the month of June 2020, the Indian headline indices ended on a positive note with the Sensex (+7.6%) and Nifty (+7.5%) outperforming other key global indices. The BSE Midcap (+10.2%) and BSE Smallcap (+13.6%) have outperformed the headline indices. Markets ended in green on the back of Governments directions to unlock in a phased manner, IMD forecast of normal monsoon and SC giving clarification on loan moratorium case. The markets were resilient for the month despite India-China face- 151.75 off. On the Economy front, IIP growth plummeted by -55% in April-20 as against - 96% 18.3% in Mar-20 due to the implementation of nationwide lockdown. CPI food inflation moderated to 9.3% in May-20 as against 10.5% in April-20 led by softer vegetable Equity Money Market Instruments prices. Key global indices have ended in green on the back of monetary measures by key central banks and improving economic activity. FPIs bought equity worth US$ 2.47 bn and DIIs bought equity worth US$ 0.32 bn in cash segment for the month. Returns (%) Composite Globally, continuity in governments providing fiscal stimulus, gradual recovery in Period Equity Fund economic activity and geopolitical tensions across the globe including the rift between Benchmark* India-China would be the key factors in determining the market direction going ahead. 1 Month 7.96 6.81 On the domestic front significant uncertainties persist over the recoveryofeconomyin 6 Months -16.55 -13.62 the near term due to raising infection rates and continued social distancing norms. As 1 Year -13.64 -10.90 the lockdown has resulted in income devastation, deterioration of corporate balance sheets and unemployment, the economic recovery is unlikely to be V-Shaped in the -2.93 -1.21 2 Years near term. Given the inherent uncertainties in the near term we would approach the 3 Years -0.55 2.95 markets with a cautious view and stick to companies which have stronger balance 5 Years 2.52 4.41 sheets. Since Inception 6.38 6.83 *For details please refer "Fund at a Glance; # Annualised Retuns In light of the changing dynamics, we prefer rural & consumption themes (Select FMCG Industry -wise Exposure and Agri), IT and utilities to which we have realigned our portfolio. Going ahead, with the ever-changing dynamics we may take call on specific sector/companies. Natural Gas Trading & Distribution 2.70%

Cosmetics, toiletries, soaps & detergents 3.23%

Tobacco Products 3.76%

Asset Management Services (Mutual Funds) 3.98%

Telecommunication Services 4.02%

Miscellaneous 4.27%

Drugs & pharmaceuticals 5.58%

Refinery 8.91%

Computer software 12.60%

Financial and Insurance Activities 21.87%

Others 29.08%

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

Quantitative Indicators (Equity) Std Dev (Annualised) Sharpe Ratio Portfolio Beta 29.86% -0.46 1.05 Equity Fund - Pension (SFIN:ULIF002161109EQUFUNDPEN143)

Fact Sheet for June 2020 ( based on portfolio as on 30.06.2020 ) 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 9.48 Name Date of Inception NAV as on June 30, 2020 HDFC Bank Ltd 7.57 Equity Fund - 25-Nov-09 Rs. 21.0171 HDFC 6.10 Pension Infosys Technologies Ltd 6.00 AUM Fund Manager Funds managed by the Fund Manager Tata Consultancy Services Ltd 4.90 Rs. 87 croreViraj Nadkarni Equity - 7, Debt - 0, Balanced - 5 Hindustan Unilever Ltd 4.74 ITC Ltd 4.39 Reliance ETF Bank BeES 4.08 Targeted Asset Allocation Pattern in Percentage Kotak Banking ETF 4.07 Minimum Maximum Actual Bharti Airtel Ltd 3.47 Equity Shares 80 100 99 ICICI Bank Ltd 3.35 Debt Securities and Bonds 0 10 0 Kotak Mahindra Bank Ltd 3.04 Cash and Money Market Investments 0 20 1 Larsen & Toubro Limited 2.96 The actual asset allocation will remain within the 'minimum' and 'maximum' range based on market Maruti Suzuki India Ltd 2.00 opportunities and future outlook of the markets Asian Paints Ltd 1.97 Nestle India Ltd 1.53 Fund Positioning HCL Technologies Ltd 1.37 This Fund is positioned as a diversified equity fund with a moderate exposure to mid-cap Bajaj Finance Ltd 1.35 stocks. The aim of the Fund is to provide a stable and sustainable relative out performance Sun Pharmaceutical Inds Ltd 1.32 vis-àvis the benchmark. The Fund will stick to the theme of discipline, diligence and dividend Mahindra & Mahindra 1.27 yield while selecting equity stocks. The Fund will have an exposure of upto 30 percent to mid- Others (See Annexure 1 for details) 23.74 cap companies. The remaining exposure will continue to be in largecap companies. Total - Equity Securities 98.70

Money Market Instruments 1.30 MF Units – Liquid Funds 0.00 Grand Total 100.00 Asset Allocation in crore as on June 30, 2020 1.14 Fund Manager's Comments 1% In the month of June 2020, the Indian headline indices ended on a positive note with the Sensex (+7.6%) and Nifty (+7.5%) outperforming other key global indices. The BSE Midcap (+10.2%) and BSE Smallcap (+13.6%) have outperformed the headline indices. Markets ended in green on the back of Governments directions to unlock in a phased manner, IMD forecast of normal monsoon and SC giving clarification on loan moratorium case. The markets were resilient for the month despite India-China face- 86.16 off. On the Economy front, IIP growth plummeted by -55% in April-20 as against - 99% 18.3% in Mar-20 due to the implementation of nationwide lockdown. CPI food inflation moderated to 9.3% in May-20 as against 10.5% in April-20 led by softer vegetable Equity Money Market Instruments prices. Key global indices have ended in green on the back of monetary measures by key central banks and improving economic activity. FPIs bought equity worth US$ 2.47 bn and DIIs bought equity worth US$ 0.32 bn in cash segment for the month. Returns (%) Equity Fund - Composite Globally, continuity in governments providing fiscal stimulus, gradual recovery in Period economic activity and geopolitical tensions across the globe including the rift between Pension Benchmark* India-China would be the key factors in determining the market direction going ahead. 1 Month 6.91 6.81 On the domestic front significant uncertainties persist over the recoveryofeconomyin 6 Months -14.26 -13.62 the near term due to raising infection rates and continued social distancing norms. As 1 Year -11.99 -10.90 the lockdown has resulted in income devastation, deterioration of corporate balance sheets and unemployment, the economic recovery is unlikely to be V-Shaped in the -1.64 -1.21 2 Years near term. Given the inherent uncertainties in the near term we would approach the 3 Years 1.60 2.95 markets with a cautious view and stick to companies which have stronger balance 5 Years 4.28 4.41 sheets. Since Inception 7.26 6.83 *For details please refer "Fund at a Glance; # Annualised Retuns In light of the changing dynamics, we prefer rural & consumption themes (Select FMCG Industry -wise Exposure and Agri), IT and utilities to which we have realigned our portfolio. Going ahead, with the ever-changing dynamics we may take call on specific sector/companies. Industrial construction 2.96%

Drugs & pharmaceuticals 3.42%

Telecommunication Services 3.98%

Miscellaneous 4.07%

Asset Management Services (Mutual Funds) 4.08%

Tobacco Products 4.39%

Cosmetics, toiletries, soaps & detergents 4.74%

Refinery 10.82%

Computer software 13.77%

Others 23.23%

Financial and Insurance Activities 24.54%

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

Quantitative Indicators (Equity) Std Dev (Annualised) Sharpe Ratio Portfolio Beta 29.34% -0.40 1.04 Equity Elite Opportunities (SFIN:ULIF020280716EQUELITEOP143)

Fact Sheet for June 2020 ( based on portfolio as on 30.06.2020 ) 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 Reliance Industries Ltd 7.17 Name Date of Inception NAV as on June 30, 2020 Infosys Technologies Ltd 6.00 Equity Elite 27-Oct-16 Rs. 11.2045 HDFC 5.91 Opportunities HDFC Bank Ltd 4.65 AUM Fund Manager Funds managed by the Fund Manager ITC Ltd 4.32 Rs. 16 croreViraj Nadkarni Equity - 7, Debt - 0, Balanced - 5 Reliance ETF Bank BeES 4.00 Kotak Banking ETF 3.97 Tata Consultancy Services Ltd 3.70 Targeted Asset Allocation Pattern in Percentage ICICI Bank Ltd 3.65 Minimum Maximum Actual Bharti Airtel Ltd 3.61 Equity Shares 60 100 95 Hindustan Unilever Ltd 2.52 Debt Securities and Bonds 0 0 0 State Bank of India 2.37 Cash and Money Market Investments 0 40 5 Britannia Industries Ltd 2.26 The actual asset allocation will remain within the 'minimum' and 'maximum' range based on market NTPC Ltd 1.91 opportunities and future outlook of the markets Sun Pharmaceutical Inds Ltd 1.76 Axis Bank Ltd 1.63 Fund Positioning Hero Motocorp Limited 1.42 This Fund is positioned as a diversified equity fund aiming to provide a stable and sustainable Dr Reddys Laboratories Ltd 1.36 relative out performance vis-à-vis the benchmark. The fund would stick to the theme of Kansai Nerolac Paints Ltd 1.34 discipline, diligence and dividend yield while selecting the equity stocks. It would invest at HCL Technologies Ltd 1.32 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) 30.41 / small cap equity stocks. Total - Equity Securities 95.30

Money Market Instruments 4.70 MF Units – Liquid Funds 0.00 Grand Total 100.00 Asset Allocation in crore as on June 30, 2020 0.78 Fund Manager's Comments 5% In the month of June 2020, the Indian headline indices ended on a positive note with the Sensex (+7.6%) and Nifty (+7.5%) outperforming other key global indices. The BSE Midcap (+10.2%) and BSE Smallcap (+13.6%) have outperformed the headline indices. Markets ended in green on the back of Governments directions to unlock in a phased manner, IMD forecast of normal monsoon and SC giving clarification on loan moratorium case. The markets were resilient for the month despite India-China face- 15.71 off. On the Economy front, IIP growth plummeted by -55% in April-20 as against - 95% 18.3% in Mar-20 due to the implementation of nationwide lockdown. CPI food inflation moderated to 9.3% in May-20 as against 10.5% in April-20 led by softer vegetable Equity Money Market Instruments prices. Key global indices have ended in green on the back of monetary measures by key central banks and improving economic activity. FPIs bought equity worth US$ 2.47 bn and DIIs bought equity worth US$ 0.32 bn in cash segment for the month. Returns (%) Equity Elite Composite Globally, continuity in governments providing fiscal stimulus, gradual recovery in Period economic activity and geopolitical tensions across the globe including the rift between Opportunities Benchmark* India-China would be the key factors in determining the market direction going ahead. 1 Month 6.91 4.62 On the domestic front significant uncertainties persist over the recoveryofeconomyin 6 Months -14.98 -8.47 the near term due to raising infection rates and continued social distancing norms. As 1 Year -11.80 -5.76 the lockdown has resulted in income devastation, deterioration of corporate balance 2 Years -1.88 0.99 sheets and unemployment, the economic recovery is unlikely to be V-Shaped in the near term. Given the inherent uncertainties in the near term we would approach the 3.83 3 Years 0.98 markets with a cautious view and stick to companies which have stronger balance 5 Years sheets. Since Inception 3.14 5.25 *For details please refer "Fund at a Glance; # Annualised Retuns In light of the changing dynamics, we prefer rural & consumption themes (Select FMCG Industry -wise Exposure and Agri), IT and utilities to which we have realigned our portfolio. Going ahead, with the ever-changing dynamics we may take call on specific sector/companies. Bakery products 2.27%

Telecommunication Services 3.61%

Miscellaneous 3.97%

Asset Management Services (Mutual Funds) 4.00%

Cosmetics, toiletries, soaps & detergents 4.11%

Tobacco Products 4.32%

Drugs & pharmaceuticals 6.31%

Refinery 7.91%

Computer software 12.28%

Financial and Insurance Activities 23.97%

Others 27.25%

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

Quantitative Indicators (Equity) Std Dev (Annualised) Sharpe Ratio Portfolio Beta 26.84% -0.46 1.41 Balanced Fund (SFIN:ULIF005161109BALANCEDFN143) Fact Sheet for June 2020 ( based on portfolio as on 30.06.2020 ) 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 Infosys Technologies Ltd 4.76 Name Date of Inception NAV as on June 30, 2020 Reliance Industries Ltd 4.66 Balanced Fund 25-Nov-09 Rs. 19.6083 HDFC Bank Ltd 3.52 Tata Consultancy Services Ltd 2.93 AUM Fund Manager Funds managed by the Fund Manager ICICI Bank Ltd 2.92 Sandeep Shirsat Equity - 0, Debt - 7, Balanced - 5 Bharti Airtel Ltd 2.63 Rs. 103 crore Viraj Nadkarni Equity - 7, Debt - 0, Balanced - 5 ITC Ltd 2.45 HDFC 2.22 Targeted Asset Allocation Pattern in Percentage Axis Bank Ltd 1.96 Minimum Maximum Actual State Bank of India 1.93 Equity Shares 50 70 63 Others (See Annexure 1 for details) 33.43 Debt Securities and Bonds 30 50 32 Total - Equity Securities 63.41 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 8.17% Government of India 2044 4.61 Fund Positioning 8.3% Government of India 2040 2.01 This Fund is positioned as a balanced mix of debt and equity, with the asset allocation 8.83% Government of India 2041 1.21 pattern providing a good opportunity to provide consistent and sustainable returns. The Total - Sovereign Securities 7.84 equity portion will have a highly diversified portfolio with high liquidity while the debt portion will comprise of high rated debt instruments with a low to moderate liquidity. The asset Top 10 Corporate bonds allocation will follow a macro level market scenario and the individual stock selection will be 7.17% National Highways Authority of India 2021 AAA 3.50 with micro level performance expectations of the stocks and securities. 9.35% Rural Electrification Corp 2022 AAA 3.15 9.95% Food Corporation of India 2022 AAA 3.14 9.22% LIC Housing Finance Ltd 2024 AAA 2.73 7.95% India Infradebt Limited 2024 AAA 2.09 Asset Allocation in crore as on June 30, 2020 7.71% L&T Finance 2022 AAA 2.05 4.67 9.29% Power Finance Corporation Ltd 2022 AAA 1.94 5% 8.5% HDFC 2020 AAA 1.94 10.02% Mahindra & Mahindra Fin. Serv. 2022 AA+ 1.34 33.17 10.15% Mahindra & Mahindra Fin. Serv. 2022 AA+ 1.06 32% Others (See Annexure 1 for details) 1.30 65.58 Total - Corporate bonds 24.24 63% Money Market Instruments 4.51 MF Units – Liquid Funds 0.00 Grand Total 100.00 Equity Debt Money Market Instruments

Returns (%) Balanced Composite Period Fund Benchmark* 1 Month 5.42 4.94 6 Months -9.50 -6.68 1 Year -5.96 -3.23 2 Years 2.14 3.05 Credit Profile of Debt and Money Market Investments 3 Years 2.58 4.69 Nature Percentage 5 Years 4.58 5.86 GSEC & T Bills 21.42 Since Inception 6.56 7.29 AAA & P1+ & PR1+ & A1+ 58.99 *For details please refer "Fund at a Glance AA+ & AA 6.55 Industry -wise Exposure (%) AA- 0.00

Telecommunication Services 2.63% A & Below 0.69 Fixed Deposits with Banks 0.00 Trading 3.14% CBLO/TREPS/ Other Money Market Investments 12.34 Business Services & Consultancy 3.50% Total 100.00 Drugs & pharmaceuticals 3.67% Maturity Profile of Debt Portfolio Housing finance services 5.45% Period Exposure in Percentage Refinery 5.74% 0 - 3 Months 17.64 Infrastructure Finance Services 7.43% 3 - 12 Months 0.00 1 - 3 Years 47.76 Sovereign 7.84% 3 - 5 Years 13.17 Computer software 8.53% 5 - 10 Years 0.00 Financial and Insurance Activities 22.44% > 10 Years 21.42

Others 29.63% Total 100.00

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

Quantitative Indicators (Equity) Std Dev (Annualised) Sharpe Ratio Portfolio Beta 19.10% -0.40 0.99

Quantitative Indicators (Debt) Average Maturity (Years) Modified Duration (Years) Fund Manager's Comments 6.45 3.60 Please refer to the page “Fund Manager's Comments” Balanced 1 Fund (SFIN:ULIF011010910BALAN1FUND143) Fact Sheet for June 2020 ( based on portfolio as on 30.06.2020 ) 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 5.20 Name Date of Inception NAV as on June 30, 2020 Infosys Technologies Ltd 4.64 Balanced 1 Fund 14-Sep-10 Rs. 18.0429 Reliance Industries Ltd 4.51 HDFC 3.72 AUM Fund Manager Funds managed by the Fund Manager ICICI Bank Ltd 3.49 Sandeep Shirsat Equity - 0, Debt - 7, Balanced - 5 ITC Ltd 2.96 Rs. 338 crore Viraj Nadkarni Equity - 7, Debt - 0, Balanced - 5 Bharti Airtel Ltd 2.70 Tata Consultancy Services Ltd 2.54 Targeted Asset Allocation Pattern in Percentage Hindustan Unilever Ltd 2.29 Minimum Maximum Actual Larsen & Toubro Limited 1.92 Equity Shares 50 70 61 Others (See Annexure 1 for details) 27.35 Debt Securities and Bonds 30 50 32 Total - Equity Securities 61.31 Cash and Money Market Investments 0206 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 4.77 Fund Positioning 6.19% Government of India 2034 2.94 This Fund is positioned as a balanced mix of debt and equity, with the asset allocation 6.45% Government of India 2029 1.45 pattern providing a good opportunity to provide consistent and sustainable returns. The 6.68% Government of India 2031 0.92 equity portion will have a highly diversified portfolio with high liquidity while the debt portion 7.57% Government of India 2033 0.65 will comprise of high rated debt instruments with a low to moderate liquidity. The asset 7.72% Government of India 2025 0.38 allocation will follow a macro level market scenario and the individual stock selection will be 8.97% Government of India 2030 0.36 with micro level performance expectations of the stocks and securities. Total - Sovereign Securities 11.47

Top 10 Corporate bonds 8.57% Rural Electrification Corp 2024 AAA 4.93 Asset Allocation in crore as on June 30, 2020 9.95% Food Corporation of India 2022 AAA 3.44 21.89 9.05% JK Lakshmi Cement Ltd 2021 AA- 3.02 7% 9.35% Rural Electrification Corp 2022 AAA 1.96 7.95% India Infradebt Limited 2024 AAA 1.60 108.97 7.8% Apollo Tyres Ltd 2022 AA+ 1.24 8.6% LIC Housing Finance Ltd 2020 AAA 0.89 32% 207.38 9.39% LIC Housing Finance Ltd 2024 AAA 0.74 61% 8.07% Energy Efficiency Services Ltd 2021 AA- 0.61 9.75% Rural Electrification Corp 2021 AAA 0.60 Others (See Annexure 1 for details) 1.74 Total - Corporate bonds 20.75 Equity Debt Money Market Instruments Money Market Instruments 6.47 Returns (%) MF Units – Liquid Funds 0.00 Balanced 1 Composite Grand Total 100.00 Period Fund Benchmark* 1 Month 4.71 4.94 6 Months -8.68 -6.68 1 Year -6.28 -3.23 2 Years 1.54 3.05 Credit Profile of Debt and Money Market Investments 3 Years 2.54 4.69 Nature Percentage 5 Years 4.49 5.86 GSEC & T Bills 29.64 Since Inception 6.21 6.92 AAA & P1+ & PR1+ & A1+ 40.21 *For details please refer "Fund at a Glance AA+ & AA 3.62 Industry -wise Exposure (%) AA- 9.38

Drugs & pharmaceuticals 2.92% A & Below 0.43 Fixed Deposits with Banks 0.00 Tobacco Products 2.96% CBLO/TREPS/ Other Money Market Investments 16.73 Cosmetics, toiletries, soaps & detergents 3.10% Total 100.00 Trading 4.05% Maturity Profile of Debt Portfolio Cement 4.21% Period Exposure in Percentage Refinery 4.96% 0 - 3 Months 20.56 Computer software 7.97% 3 - 12 Months 8.68 1 - 3 Years 34.70 Infrastructure Finance Services 9.24% 3 - 5 Years 19.73 Sovereign 11.47% 5 - 10 Years 3.75 Financial and Insurance Activities 20.16% > 10 Years 12.58

Others 28.96% Total 100.00

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

Quantitative Indicators (Equity) Std Dev (Annualised) Sharpe Ratio Portfolio Beta 18.42% -0.44 0.96

Quantitative Indicators (Debt) Average Maturity (Years) Modified Duration (Years) Fund Manager's Comments 3.60 2.66 Please refer to the page “Fund Manager's Comments” Balanced Fund - Pension (SFIN:ULIF006161109BALFUNDPEN143) Fact Sheet for June 2020 ( based on portfolio as on 30.06.2020 ) 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 5.89 Name Date of Inception NAV as on June 30, 2020 HDFC Bank Ltd 4.89 Balanced Fund - 25-Nov-09 Rs. 21.2253 Reliance ETF Bank BeES 4.17 Pension HDFC 3.75 AUM Fund Manager Funds managed by the Fund Manager Infosys Technologies Ltd 3.71 Sandeep Shirsat Equity - 0, Debt - 7, Balanced - 5 Hindustan Unilever Ltd 3.10 Rs. 67 crore Viraj Nadkarni Equity - 7, Debt - 0, Balanced - 5 Tata Consultancy Services Ltd 3.04 ITC Ltd 2.70 Targeted Asset Allocation Pattern in Percentage ICICI Bank Ltd 2.22 Minimum Maximum Actual Bharti Airtel Ltd 2.13 Equity Shares 50 70 61 Others (See Annexure 1 for details) 25.33 Debt Securities and Bonds 30 50 35 Total - Equity Securities 60.93 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 3.54 Fund Positioning 6.45% Government of India 2029 1.92 This Fund is positioned as a balanced mix of debt and equity, with the asset allocation 8.83% Government of India 2041 1.87 pattern providing a good opportunity to provide consistent and sustainable returns. The 8.3% Government of India 2040 1.06 equity portion will have a highly diversified portfolio with high liquidity while the debt portion Total - Sovereign Securities 8.39 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 5.57 9.29% Power Finance Corporation Ltd 2022 AAA 4.48 7.17% National Highways Authority of India 2021 AAA 3.84 10.15% Mahindra & Mahindra Fin. Serv. 2022 AA+ 3.26 Asset Allocation in crore as on June 30, 2020 9.95% Food Corporation of India 2022 AAA 2.82 2.83 10.02% Mahindra & Mahindra Fin. Serv. 2022 AA+ 2.06 4% 10.15% Bajaj Finance Ltd 2024 AAA 1.73 8.5% HDFC 2020 AAA 1.49 23.45 9.3% LIC Housing Finance Ltd 2022 AAA 1.22 8% Britannia Industries Ltd 2022 AAA 0.01 35% 41.00 Total - Corporate bonds 26.47 61% Money Market Instruments 4.21 MF Units – Liquid Funds 0.00 Grand Total 100.00 Equity Debt Money Market Instruments

Returns (%) Balanced Composite Period Fund - Benchmark* 1 Month 4.65 4.94 6 Months -5.70 -6.68 1 Year -2.75 -3.23 2 Years 3.36 3.05 Credit Profile of Debt and Money Market Investments 3 Years 4.64 4.69 Nature Percentage 5 Years 6.09 5.86 GSEC & T Bills 21.47 Since Inception 7.36 7.29 AAA & P1+ & PR1+ & A1+ 54.15 *For details please refer "Fund at a Glance AA+ & AA 13.61 Industry -wise Exposure (%) AA- 0.00

Trading 2.82% A & Below 0.00 Fixed Deposits with Banks 0.00 Cosmetics, toiletries, soaps & detergents 3.10% CBLO/TREPS/ Other Money Market Investments 10.78 Business Services & Consultancy 3.84% Total 100.00 Asset Management Services (Mutual Funds) 4.17% Maturity Profile of Debt Portfolio Infrastructure Finance Services 4.48% Period Exposure in Percentage Refinery 6.71% 0 - 3 Months 14.60 Housing finance services 8.28% 3 - 12 Months 0.00 1 - 3 Years 59.51 Sovereign 8.39% 3 - 5 Years 4.42 Computer software 8.51% 5 - 10 Years 4.91 Financial and Insurance Activities 22.96% > 10 Years 16.56

Others 26.75% Total 100.00

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

Quantitative Indicators (Equity) Std Dev (Annualised) Sharpe Ratio Portfolio Beta 16.95% -0.28 0.89

Quantitative Indicators (Debt) Average Maturity (Years) Modified Duration (Years) Fund Manager's Comments 5.46 3.28 Please refer to the page “Fund Manager's Comments” Debt Fund (SFIN:ULIF003161109DEBTFUND00143) Fact Sheet for June 2020 ( based on portfolio as on 30.06.2020 ) 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 22.57 Name Date of Inception NAV as on June 30, 2020 7.57% Government of India 2033 11.16 Debt Fund 25-Nov-09 Rs. 21.2735 8.3% Government of India 2040 10.52 8.83% Government of India 2041 6.34 AUM Fund Manager Funds managed by the Fund Manager 5.79% Government of India 2030 2.51 Rs. 20 crore Sandeep Shirsat Equity - 0, Debt - 7, Balanced - 5 Total - Sovereign Securities 53.09

Top 10 Corporate bonds Targeted Asset Allocation Pattern in Percentage 10.09% MRF Ltd 2021 AAA 7.96 Minimum Maximum Actual 8.48% Uttar Pradesh Power Corporation Ltd 2021 AA 6.59 Equity Shares 0 0 010.15% Bajaj Finance Ltd 2024 AAA 5.87 Debt Securities and Bonds 70 100 10310.15% Mahindra & Mahindra Fin. Serv. 2022 AA+ 5.54 Cash and Money Market Investments 0303 9.05% LIC Housing Finance Ltd 2022 AAA 5.50 The actual asset allocation will remain within the 'minimum' and 'maximum' range based on market 9.5% Infrastructure Leasing & Financial Serv. 2024 D3.79 opportunities and future outlook of the markets 9.37% Power Finance Corporation Ltd 2024 AAA 2.86 9.34% HDFC 2024 AAA 2.86 Fund Positioning 8.43% HDFC 2025 AAA 2.80 This Fund is positioned as a pure debt oriented fund, with asset allocation pattern providing 10.3% Il&FS Financial Services Ltd 2021 D1.89 a good opportunity to provide consistent and sustainable returns. The debt portfolio will Others (See Annexure 1 for details) 4.45 comprise of high rated debt instruments with a low to moderate liquidity, government Total - Corporate bonds 50.10 securities and money market investments with very high safety and easy liquidity. The asset allocation between corporate debt and government securities/ money market investments Money Market Instruments -3.19 and the portfolio duration of the fund, will follow a macro level economic scenario while the MF Units – Liquid Funds 0.00 individual corporate debt investments will follow with a micro level credit worthiness and Grand Total 100.00 debt servicing capacity of companies.

Asset Allocation in crore as on June 30, 2020 -0.63 -3%

Credit Profile of Debt and Money Market Investments Nature Percentage GSEC & T Bills 53.09 AAA & P1+ & PR1+ & A1+ 30.93 20.44 AA+ & AA 13.48 97% AA- 0.00 Debt Money Market Instruments A & Below 5.68 Fixed Deposits with Banks 0.00 Returns (%) CBLO/TREPS/ Other Money Market Investments -3.19 Composite Period Debt Fund Total 100.00 Benchmark* # 1 Month 9.71 13.28 GSEC & T Bills 6 Months# 14.44 13.84 1 Year 7.63 11.69 AAA & P1+ & PR1+ & A1+ 2 Years 7.88 11.22 3 Years 5.37 8.03 AA+ & AA 5 Years 7.19 8.61 Since Inception 7.38 8.14 *For details please refer "Fund at a Glance; # Annualised Retuns A & Below Industry - wise Exposure (%) CBLO/TREPS/ Other Money -3.19%Others Market Investments

Electricity Transmission & Distribution 6.59% Maturity Profile of Debt Portfolio Period Exposure in Percentage Infrastructure Finance Services 6.64% 0 - 3 Months -3.19 3 - 12 Months 14.54 Tyres & Tubes 7.96% 1 - 3 Years 15.67 3 - 5 Years 19.89 Housing finance services 12.87% 5 - 10 Years 2.51

Financial and Insurance Activities 16.04% > 10 Years 50.59 Total 100.00

Sovereign 53.09%

-10% 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 11.54 6.52 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 June 2020 ( based on portfolio as on 30.06.2020 ) 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 7.57% Government of India 2033 14.15 Name Date of Inception NAV as on June 30, 2020 6.45% Government of India 2029 8.19 Debt 1 Fund 17-Sep-10 Rs. 19.2247 6.19% Government of India 2034 7.43 7.26% Government of India 2029 6.31 AUM Fund Manager Funds managed by the Fund Manager 6.79% Government of India 2029 3.78 Rs. 1110 crore Sandeep Shirsat Equity - 0, Debt - 7, Balanced - 5 6.97% Government of India 2026 2.90 5.79% Government of India 2030 2.24 7.59% Government of India 2026 2.22 Targeted Asset Allocation Pattern in Percentage 7.73% Government of India 2034 1.92 Minimum Maximum Actual 7.2% State Government of Maharashtra 2027 1.41 Equity Shares 000Others (See Annexure 1 for details) 3.49 Debt Securities and Bonds 70 100 100 Total - Sovereign Securities 54.03 Cash and Money Market Investments 0300 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 3.75 9.05% JK Lakshmi Cement Ltd 2021 AA- 2.76 Fund Positioning 8.22% National Bank For Agricultural Devlopment 2028 AAA 2.49 This Fund is positioned as a pure debt oriented fund, with asset allocation pattern providing 7.95% India Infradebt Limited 2024 AAA 2.24 a good opportunity to provide consistent and sustainable returns. The debt portfolio will 7.63% Power Finance Corporation Ltd 2026 AAA 1.82 comprise of high rated debt instruments with a low to moderate liquidity, government 8.57% Rural Electrification Corp 2024 AAA 1.70 securities and money market investments with very high safety and easy liquidity. The asset 8.48% Uttar Pradesh Power Corporation Ltd 2023 AA 1.67 allocation between corporate debt and government securities/ money market investments 8.11% Rural Electrification Corp 2025 AAA 1.45 and the portfolio duration of the fund, will follow a macro level economic scenario while the 7.8% Apollo Tyres Ltd 2022 AA+ 1.42 individual corporate debt investments will follow with a micro level credit worthiness and 8.95% Food Corporation of India 2029 AAA 1.04 debt servicing capacity of companies. Others (See Annexure 1 for details) 25.64 Total - Corporate bonds 45.97 Asset Allocation in crore as on June 30, 2020 0.01 Money Market Instruments 0.00 0% MF Units – Liquid Funds 0.00 Grand Total 100.00

Credit Profile of Debt and Money Market Investments Nature Percentage GSEC & T Bills 54.03 AAA & P1+ & PR1+ & A1+ 28.57 1109.61 AA+ & AA 10.80 100% AA- 3.90 Debt Money Market Instruments A & Below 2.70 Fixed Deposits with Banks 0.00 Returns (%) CBLO/TREPS/ Other Money Market Investments 0.00 Composite Period Debt 1 Fund Total 100.00 Benchmark* 1 Month# 6.20 13.28 GSEC & T Bills 6 Months# 12.49 13.84 1 Year 8.30 11.69 AAA & P1+ & PR1+ & A1+ 2 Years 5.24 11.22 3 Years 3.96 8.03 AA+ & AA 5 Years 5.99 8.61 A & Below Since Inception 6.90 8.42 # *For details please refer "Fund at a Glance; Annualised Retuns AA- Industry - wise Exposure (%)

Others 0.00% CBLO/TREPS/ Other Money Market Investments Business Services & Consultancy 0.84%

Tyres & Tubes 2.05% Maturity Profile of Debt Portfolio Period Exposure in Percentage Trading 2.18% 0 - 3 Months 0.45 Cement 2.76% 3 - 12 Months 9.92 Housing finance services 5.62% 1 - 3 Years 14.37 3 - 5 Years 13.58 Electricity Transmission & Distribution 6.10% 5 - 10 Years 36.50 Financial and Insurance Activities 10.50% > 10 Years 25.19 Infrastructure Finance Services 15.94% Total 100.00

Sovereign 54.03%

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 7.24 5.14 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 June 2020 ( based on portfolio as on 30.06.2020 ) 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 17.70 Name Date of Inception NAV as on June 30, 2020 7.57% Government of India 2033 10.78 Debt Fund - 25-Nov-09 Rs. 20.9867 8.3% Government of India 2040 10.35 Pension 5.79% Government of India 2030 7.45 AUM Fund Manager Funds managed by the Fund Manager 8.83% Government of India 2041 3.76 Rs. 33 crore Sandeep Shirsat Equity - 0, Debt - 7, Balanced - 5 7.73% Government of India 2034 3.36 6.45% Government of India 2029 3.10 6.19% Government of India 2034 2.98 Targeted Asset Allocation Pattern in Percentage 8.42% State Government of Andhra Pradesh 2028 1.68 Minimum Maximum Actual Total - Sovereign Securities 61.16 Equity Shares 000 Debt Securities and Bonds 70 100 100 Top 10 Corporate bonds Cash and Money Market Investments 0 30 08.48% Uttar Pradesh Power Corporation Ltd 2021 AA 8.61 The actual asset allocation will remain within the 'minimum' and 'maximum' range based on market 10.15% Mahindra & Mahindra Fin. Serv. 2022 AA+ 6.58 opportunities and future outlook of the markets 9.39% Power Finance Corporation Ltd 2024 AAA 4.25 10.15% Bajaj Finance Ltd 2024 AAA 3.49 Fund Positioning 9.5% Infrastructure Leasing & Financial Serv. 2024 D3.37 This Fund is positioned as a pure debt oriented fund, with asset allocation pattern providing 9.05% LIC Housing Finance Ltd 2022 AAA 3.27 a good opportunity to provide consistent and sustainable returns. The debt portfolio will 8.43% HDFC 2025 AAA 2.49 comprise of high rated debt instruments with a low to moderate liquidity, government 9.3% LIC Housing Finance Ltd 2022 AAA 2.46 securities, money market investments with avery high safety and easy liquidity. The asset 10.09% MRF Ltd 2021 AAA 2.05 allocation between corporate debt and government securities/ money market investments 9.34% HDFC 2024 AAA 1.70 and the portfolio duration of the fund, will follow a macro level economic scenario while the Others (See Annexure 1 for details) 0.56 individual corporate debt investments will follow with a micro level credit worthiness and Total - Corporate bonds 38.82 debt servicing capacity of companies. Money Market Instruments 0.02 Asset Allocation in crore as on June 30, 2020 MF Units – Liquid Funds 0.00 0.01 Grand Total 100.00 0%

Credit Profile of Debt and Money Market Investments Nature Percentage GSEC & T Bills 61.16 AAA & P1+ & PR1+ & A1+ 19.70 33.33 AA+ & AA 15.18 100% AA- 0.00 Debt Money Market Instruments A & Below 3.94 Fixed Deposits with Banks 0.00 Returns (%) CBLO/TREPS/ Other Money Market Investments 0.02 Debt Fund - Composite Period Total 100.00 Pension Benchmark* # 1 Month 8.14 13.28 GSEC & T Bills 6 Months# 13.43 13.84 1 Year 7.40 11.69 AAA & P1+ & PR1+ & A1+ 2 Years 7.99 11.22 3 Years 5.50 8.03 AA+ & AA 5 Years 7.12 8.61 Since Inception 7.24 8.14 *For details please refer "Fund at a Glance; # Annualised Retuns A & Below Industry - wise Exposure (%) CBLO/TREPS/ Other Money Others 0.02% Market Investments

Tyres & Tubes 2.05% Maturity Profile of Debt Portfolio Period Exposure in Percentage Infrastructure Finance Services 7.62% 0 - 3 Months 0.02 3 - 12 Months 10.65 Electricity Transmission & Distribution 8.61% 1 - 3 Years 12.87 3 - 5 Years 15.30 Housing finance services 9.92% 5 - 10 Years 12.22

Financial and Insurance Activities 10.63% > 10 Years 48.93 Total 100.00

Sovereign 61.16%

0% 10% 20% 30% 40% 50% 60% 70% 0-3 Months Quantitative Indicators (Debt) 3-12 Months Average Maturity (Years) Modified Duration (Years) 1-3 Years 11.43 6.66 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 June 2020 ( based on portfolio as on 30.06.2020 ) 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 June 30, 2020

Liquid Fund 09-Jan-13 Rs. 14.5907

AUM Fund Manager Funds managed by the Fund Manager Rs. 0.05 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 June 30, 2020

Credit Profile of Debt and Money Market Investments Nature Percentage GSEC & T Bills 0.00 AAA & P1+ & PR1+ & A1+ 0.00 0.05 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# 1.43 2.94 6 Months# 2.16 3.67 1 Year 2.90 4.52 CBLO/TREPS/ Other 3.76 5.40 2 Years Money Market 3 Years 3.95 5.58 Investments 5 Years 4.38 5.96 Since Inception 5.18 6.72 *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 June 2020 ( based on portfolio as on 30.06.2020 ) 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 June 30, 2020 Liquid Fund - 25-Nov-09 Rs. 17.2948 Pension

AUM Fund Manager Funds managed by the Fund Manager Rs. 0.2 crore Sandeep Shirsat Equity - 0, Debt - 7, Balanced - 5

Asset Allocation in crore as on June 30, 2020

Credit Profile of Debt and Money Market Investments Nature Percentage GSEC & T Bills 0.00 AAA & P1+ & PR1+ & A1+ 0.00 0.20 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# 1.41 2.94 6 Months# 2.10 3.67 1 Year 2.76 4.52 CBLO/TREPS/ Other 3.54 5.40 2 Years Money Market 3 Years 3.70 5.58 Investments 5 Years 4.15 5.96 Since Inception 5.30 6.70 *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 June 2020 ( based on portfolio as on 30.06.2020 ) 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 4.71 Name Date of Inception NAV as on June 30, 2020 HDFC Bank Ltd 4.06 Dynamic Asset 09-Sep-11 Rs. 21.4901 HDFC 3.10 Allocation Fund Infosys Technologies Ltd 2.79 AUM Fund Manager Funds managed by the Fund Manager Tata Consultancy Services Ltd 2.19 Sandeep Shirsat Equity - 0, Debt - 7, Balanced - 5 ICICI Bank Ltd 2.00 Rs. 219 crore Viraj Nadkarni Equity - 7, Debt - 0, Balanced - 5 ITC Ltd 1.72 Reliance ETF Bank BeES 1.63 Targeted Asset Allocation Pattern in Percentage Kotak Banking ETF 1.63 Minimum Maximum Actual Hindustan Unilever Ltd 1.60 Equity Shares 08046Others (See Annexure 1 for details) 20.83 Debt Securities and Bonds 08031Total - Equity Securities 46.27 Cash and Money Market Investments 04023 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 6.18% Government of India 2024 11.93 Fund Positioning 7.26% Government of India 2029 4.91 This Fund is positioned as a balanced mix of debt and equity, with the asset allocation 7.57% Government of India 2033 3.02 pattern providing a good opportunity to provide consistent and sustainable returns. The 8.17% Government of India 2044 1.09 equity portion will have a highly diversified portfolio withhigh liquidity while the debt portion 6.45% Government of India 2029 0.94 will comprise of high rated debt instruments with a low to moderate liquidity. The asset 8.3% Government of India 2040 0.54 allocation will follow a macro level market scenario and the individual stock selection will be Total - Sovereign Securities 22.43 with micro level performance expectations of the stocks and securities. Top 10 Corporate bonds 7.71% L&T Finance 2022 AAA 1.45 7.42% LIC Housing Finance Ltd 2022 AAA 1.44 Asset Allocation in crore as on June 30, 2020 8.57% Rural Electrification Corp 2024 AAA 1.01 8.01% Rural Electrification Corp 2028 AAA 1.00 49.68 9.05% LIC Housing Finance Ltd 2022 AAA 0.99 23% 8.48% Uttar Pradesh Power Corporation Ltd 2021 AA 0.95 101.52 7.964% Sundaram Finance Ltd 2021 AAA 0.82 46% 9.3% L&T Infra Debt Fund Ltd 2023 AAA 0.51 7.8% Apollo Tyres Ltd 2022 AA+ 0.48 68.19 8% Britannia Industries Ltd 2022 AAA 0.00 31% Total - Corporate bonds 8.65

Money Market Instruments 22.64 Equity Debt Money Market Instruments MF Units – Liquid Funds 0.00 Grand Total 100.00 Returns (%) Dynamic Composite Period Asset Benchmark* 1 Month 3.65 4.94 6 Months -8.85 -6.68 1 Year -5.51 -3.23 2 Years 1.75 3.05 Credit Profile of Debt and Money Market Investments 3 Years 1.84 4.69 Nature Percentage 5 Years 4.28 5.86 GSEC & T Bills 41.75 Since Inception 9.07 8.45 AAA & P1+ & PR1+ & A1+ 13.44 *For details please refer "Fund at a Glance AA+ & AA 2.66 Industry -wise Exposure (%) AA- 0.00

Miscellaneous 1.63% A & Below 0.00 Fixed Deposits with Banks 0.00 Asset Management Services (Mutual Funds) 1.63% CBLO/TREPS/ Other Money Market Investments 42.15 Tobacco Products 1.72% Total 100.00 Cosmetics, toiletries, soaps & detergents 1.88% Maturity Profile of Debt Portfolio Housing finance services 2.43% Period Exposure in Percentage Infrastructure Finance Services 2.52% 0 - 3 Months 42.15 Refinery 5.31% 3 - 12 Months 3.29 1 - 3 Years 8.12 Computer software 6.30% 3 - 5 Years 25.04 Financial and Insurance Activities 16.18% 5 - 10 Years 12.75 Sovereign 22.43% > 10 Years 8.66

Others 37.96% Total 100.00

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

Quantitative Indicators (Equity) Std Dev (Annualised) Sharpe Ratio Portfolio Beta 15.63% -0.50 0.82

Quantitative Indicators (Debt) Average Maturity (Years) Modified Duration (Years) Fund Manager's Comments 3.83 2.71 Please refer to the page “Fund Manager's Comments” Index Tracker Fund (SFIN:ULIF012010910INDTRAFUND143) Fact Sheet for June 2020 ( based on portfolio as on 30.06.2020 ) 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 9.36 Name Date of Inception NAV as on June 30, 2020 Reliance ETF Bank BeES 8.14 Index Tracker 22-Sep-10 Rs. 17.1935 HDFC Bank Ltd 7.62 Fund HDFC 6.13 AUM Fund Manager Funds managed by the Fund Manager Infosys Technologies Ltd 6.07 Rs. 14 croreViraj Nadkarni Equity - 7, Debt - 0, Balanced - 5 Tata Consultancy Services Ltd 4.97 Hindustan Unilever Ltd 4.84 ITC Ltd 4.41 Targeted Asset Allocation Pattern in Percentage Bharti Airtel Ltd 3.49 Minimum Maximum Actual ICICI Bank Ltd 3.38 Equity Shares 90 100 99 Kotak Mahindra Bank Ltd 3.07 Debt Securities and Bonds 0 0 0 Larsen & Toubro Limited 2.97 Cash and Money Market Investments 0 10 1 Maruti Suzuki India Ltd 1.97 The actual asset allocation will remain within the 'minimum' and 'maximum' range based on market Asian Paints Ltd 1.96 opportunities and future outlook of the markets Nestle India Ltd 1.56 HCL Technologies Ltd 1.37 Fund Positioning Bajaj Finance Ltd 1.36 Major portion of this Fund will be invested only in large cap index equity stocks. The Sun Pharmaceutical Inds Ltd 1.32 exposure / weightages of investment stocks will, however be subject to regulatory Mahindra & Mahindra 1.26 investment guidelines and exposure norms. Dr Reddys Laboratories Ltd 1.23 Others (See Annexure 1 for details) 22.36 Total - Equity Securities 98.85

Money Market Instruments 1.15 MF Units – Liquid Funds 0.00 Grand Total 100.00 Asset Allocation in crore as on June 30, 2020 0.16 1%

13.59 99% Equity Money Market Instruments

Returns (%) Index Tracker Composite Period Fund Benchmark* 1 Month 6.87 7.17 6 Months -14.08 -14.48 1 Year -11.77 -11.75 2 Years -1.71 -1.57 3 Years 2.52 2.81 5 Years 4.13 4.33 Since Inception 5.70 5.76 *For details please refer "Fund at a Glance Industry -wise Exposure

Two & Three Wheelers 2.47%

Industrial construction 2.97%

Drugs & pharmaceuticals 3.41%

Telecommunication Services 3.99%

Tobacco Products 4.41%

Cosmetics, toiletries, soaps & detergents 4.84%

Asset Management Services (Mutual Funds) 8.14%

Refinery 10.71%

Computer software 13.92%

Others 20.55%

Financial and Insurance Activities 24.58%

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

Quantitative Indicators (Index Fund) Index Tracking Error 1.67% Value Fund (SFIN:ULIF013010910VALUEFUND0143)

Fact Sheet for June 2020 ( based on portfolio as on 30.06.2020 ) 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 Reliance Industries Ltd 7.16 Name Date of Inception NAV as on June 30, 2020 Infosys Technologies Ltd 5.98 Value Fund16-Sep-10 Rs. 19.164 HDFC 5.87 HDFC Bank Ltd 4.64 AUM Fund Manager Funds managed by the Fund Manager ITC Ltd 4.34 Rs. 59 croreViraj Nadkarni Equity - 7, Debt - 0, Balanced - 5 Reliance ETF Bank BeES 3.99 Kotak Banking ETF 3.96 Tata Consultancy Services Ltd 3.70 Targeted Asset Allocation Pattern in Percentage ICICI Bank Ltd 3.62 Minimum Maximum Actual Bharti Airtel Ltd 3.61 Equity Shares 70 100 95 Hindustan Unilever Ltd 2.51 Debt Securities and Bonds 0 0 0 State Bank of India 2.36 Cash and Money Market Investments 0 30 5 Britannia Industries Ltd 2.17 The actual asset allocation will remain within the 'minimum' and 'maximum' range based on market NTPC Ltd 1.91 opportunities and future outlook of the markets Sun Pharmaceutical Inds Ltd 1.77 Axis Bank Ltd 1.63 Fund Positioning Dr Reddys Laboratories Ltd 1.40 The Fund will be positioned as a multi-cap pure value fund with clearly defined investment Hero Motocorp Limited 1.36 criteria for investing in value stocks. The Fund will invest in stocks that are relatively Kansai Nerolac Paints Ltd 1.33 undervalued to their intrinsic value and which will create wealth for shareholders in the HCL Technologies Ltd 1.32 medium to long term. Others (See Annexure 1 for details) 30.27 Total - Equity Securities 94.90

Money Market Instruments 5.10 MF Units – Liquid Funds 0.00 Grand Total 100.00 Asset Allocation in crore as on June 30, 2020 3.01 Fund Manager's Comments 5% In the month of June 2020, the Indian headline indices ended on a positive note with the Sensex (+7.6%) and Nifty (+7.5%) outperforming other key global indices. The BSE Midcap (+10.2%) and BSE Smallcap (+13.6%) have outperformed the headline indices. Markets ended in green on the back of Governments directions to unlock in a phased manner, IMD forecast of normal monsoon and SC giving clarification on loan moratorium case. The markets were resilient for the month despite India-China face- 56.11 off. On the Economy front, IIP growth plummeted by -55% in April-20 as against - 95% 18.3% in Mar-20 due to the implementation of nationwide lockdown. CPI food inflation moderated to 9.3% in May-20 as against 10.5% in April-20 led by softer vegetable Equity Money Market Instruments prices. Key global indices have ended in green on the back of monetary measures by key central banks and improving economic activity. FPIs bought equity worth US$ 2.47 bn and DIIs bought equity worth US$ 0.32 bn in cash segment for the month. Returns (%) Composite Globally, continuity in governments providing fiscal stimulus, gradual recovery in Period Value Fund economic activity and geopolitical tensions across the globe including the rift between Benchmark* India-China would be the key factors in determining the market direction going ahead. 1 Month 6.79 6.64 On the domestic front significant uncertainties persist over the recoveryofeconomyin 6 Months -16.23 -13.24 the near term due to raising infection rates and continued social distancing norms. As 1 Year -13.20 -10.87 the lockdown has resulted in income devastation, deterioration of corporate balance sheets and unemployment, the economic recovery is unlikely to be V-Shaped in the -3.02 -1.85 2 Years near term. Given the inherent uncertainties in the near term we would approach the 3 Years -0.20 2.22 markets with a cautious view and stick to companies which have stronger balance 5 Years 4.32 4.40 sheets. Since Inception 6.87 5.91 *For details please refer "Fund at a Glance; # Annualised Retuns In light of the changing dynamics, we prefer rural & consumption themes (Select FMCG Industry -wise Exposure and Agri), IT and utilities to which we have realigned our portfolio. Going ahead, with the ever-changing dynamics we may take call on specific sector/companies. Bakery products 2.17%

Telecommunication Services 3.61%

Miscellaneous 3.96%

Asset Management Services (Mutual Funds) 3.99%

Cosmetics, toiletries, soaps & detergents 4.08%

Tobacco Products 4.34%

Drugs & pharmaceuticals 6.37%

Refinery 7.89%

Computer software 12.28%

Financial and Insurance Activities 23.81%

Others 27.50%

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

Quantitative Indicators (Equity) Std Dev (Annualised) Sharpe Ratio Portfolio Beta 27.34% -0.51 0.98 Annexure Break up of Other Investments is as given below

Equity Elite Opportunities Equity Fund Security Name Percentage Security Name Percentage Equity Equity Tech Mahindra Ltd 1.27 Hindalco Industries Ltd 1.26 Manappuram Finance Ltd. 1.14 Dr Reddys Laboratories Ltd 1.23 ONGC Ltd 1.11 ONGC Ltd 1.12 Marico Ltd 1.02 Polycab India Limited 1.08 Lupin Ltd 0.99 Amara Raja Batteries Ltd 1.06 Amara Raja Batteries Ltd 0.97 ACC Ltd 1.06 Larsen & Toubro Limited 0.96 Petronet LNG Ltd 1.05 Titan Industries Ltd 0.93 Hindustan Petroleum Corp Ltd 1.04 Mahindra & Mahindra 0.92 Mahanagar Gas Ltd 1.03 ACC Ltd 0.90 Titan Industries Ltd 0.98 Hindalco Industries Ltd 0.90 Power Grid Corporation Ltd 0.94 Polycab India Limited 0.90 Mahindra & Mahindra 0.90 Colgate-Palmolive (India) Ltd 0.89 Ajanta Pharma Limited 0.88 LIC Housing Finance Ltd 0.87 Bajaj Finance Ltd 0.87 Ultratech Cement Limited 0.86 Cholamandalam Investment and Finance Company Ltd 0.87 Garware Technical Fibres Ltd. 0.85 Rallis India Ltd 0.86 Glaxosmithkline Pharma Ltd 0.80 Shriram Transport Finance Co. Ltd.0.84 Crompton Greaves Consumer Electricals Limited 0.77 Ultratech Cement Limited 0.83 Hindustan Petroleum Corp Ltd 0.74 Crompton Greaves Consumer Electricals Limited 0.83 Sanofi India Ltd 0.72 LIC Housing Finance Ltd 0.80 Thermax Ltd 0.70 Hero Motocorp Limited 0.79 Dabur India Ltd 0.70 Rail Vikas Nigam Limited 0.77 Petronet LNG Ltd 0.69 Motherson Sumi Systems Ltd 0.75 Cipla Ltd 0.68 Gujarat State Fert & Chem. Ltd 0.74 GAIL (India) Ltd 0.67 Heritage Foods Ltd 0.72 City Union Bank Ltd 0.66 UPL Ltd 0.69 Bajaj Finance Ltd 0.64 Ujjivan Financial Services Limited 0.67 Shriram Transport Finance Co. Ltd. 0.62 Tata Motors Ltd 0.67 Rail Vikas Nigam Limited 0.61 Indian Oil Corporation Ltd 0.67 Cholamandalam Investment and Finance Company Ltd 0.61 Atul Limited0.66 Rallis India Ltd 0.61 Dabur India Ltd 0.64 Power Grid Corporation Ltd 0.59 Development Credit Bank Ltd 0.62 Coromandel Fertilizers Ltd 0.57 GAIL (India) Ltd 0.62 Motherson Sumi Systems Ltd 0.53 Taj Gvk Hotels & Resorts Ltd 0.58 Ujjivan Financial Services Limited 0.51 Federal Bank Ltd 0.52 Tata Steel Ltd 0.46 Ashok Leyland Ltd 0.49 Gujarat State Fert & Chem. Ltd 0.46 Manappuram Finance Ltd. 0.45 The Indian Hotels Co. Ltd 0.39 Tata Steel Ltd 0.43 Federal Bank Ltd 0.37 City Union Bank Ltd 0.38 Bank of Baroda 0.33 Kotak Mahindra Bank Ltd 0.34 Tata Motors Ltd 0.32 Bank of Baroda 0.32 UPL Ltd 0.20 Indusind Bank Ltd 0.28 SBI Cards and Payment Services Limited 0.03 Total - Equity Securities 32.37 Total - Equity Securities 30.41 Equity 1 Fund Equity Fund - Pension Security Name Percentage Security Name Percentage Equity Equity Power Grid Corporation Ltd 1.17 Dr Reddys Laboratories Ltd 1.25 ONGC Ltd 1.16 NTPC Ltd 1.20 Titan Industries Ltd 1.15 Axis Bank Ltd 1.16 Mahindra & Mahindra 1.07 Ultratech Cement Limited 1.16 Marico Ltd 1.05 Power Grid Corporation Ltd 1.16 Ultratech Cement Limited 1.04 Britannia Industries Ltd 1.10 Kansai Nerolac Paints Ltd 1.02 Titan Industries Ltd 1.04 Lupin Ltd 0.97 Bajaj Auto Ltd 0.97 Hindalco Industries Ltd 0.90 State Bank of India 0.87 GAIL (India) Ltd 0.83 Hero Motocorp Limited 0.86 Mahanagar Gas Ltd 0.83 Cipla Ltd 0.86 Bajaj Finance Ltd 0.82 Bharat Petroleum Corpn Ltd 0.78 Kotak Mahindra Bank Ltd 0.81 ONGC Ltd 0.77 ACC Ltd 0.81 Shree Cements Ltd 0.77 Crompton Greaves Consumer Electricals Limited 0.74 Tech Mahindra Ltd 0.75 Colgate-Palmolive (India) Ltd 0.72 Wipro Ltd 0.75 Hindustan Petroleum Corp Ltd 0.71 Coal India Ltd 0.73 Ajanta Pharma Limited 0.69 Bajaj Finserv Ltd 0.65 Amara Raja Batteries Ltd 0.61 Eicher Motors Ltd 0.64 Rail Vikas Nigam Limited 0.60 Tata Steel Ltd 0.64 Tata Steel Ltd 0.55 Grasim Industries Ltd 0.62 Motherson Sumi Systems Ltd 0.55 UPL Ltd 0.58 City Union Bank Ltd 0.55 Hindalco Industries Ltd 0.56 Coromandel Fertilizers Ltd 0.53 Indian Oil Corporation Ltd 0.56 Gujarat Narmada Valley Fert 0.49 Bharti Infratel Ltd 0.51 Cholamandalam Investment and Finance Company Ltd 0.48 GAIL (India) Ltd 0.49 Dabur India Ltd 0.48 Vedanta Ltd 0.48 Manappuram Finance Ltd. 0.47 Tata Motors Ltd 0.44 Ujjivan Financial Services Limited 0.47 Zee Entertainment Ent Ltd 0.41 Thermax Ltd 0.46 Adani Ports & Special Economic Zone Ltd. 0.30 MRF Ltd 0.44 Indusind Bank Ltd 0.23 Tata Motors Ltd 0.38 JSW Steel Ltd 0.21 Gujarat State Fert & Chem. Ltd 0.36 Bank of Baroda 0.19 The Indian Hotels Co. Ltd 0.36 Yes Bank Ltd 0.02 Ashok Leyland Ltd 0.31 Total - Equity Securities 23.74 UPL Ltd 0.20 Bank of Baroda 0.16 SBI Cards and Payment Services Limited 0.01 Total - Equity Securities 24.97 Annexure Break up of Other Investments is as given below

Balanced 1 Fund Balanced Fund Security Name Percentage Security Name Percentage Equity Equity Axis Bank Ltd 1.68 Hindustan Unilever Ltd 1.64 State Bank of India 1.58 Larsen & Toubro Limited 1.56 Kotak Mahindra Bank Ltd 1.28 Sun Pharmaceutical Inds Ltd 1.39 Britannia Industries Ltd 1.14 Kansai Nerolac Paints Ltd 1.10 Sun Pharmaceutical Inds Ltd 1.08 NTPC Ltd 1.09 NTPC Ltd 1.03 Lupin Ltd 0.92 Hero Motocorp Limited 0.83 Britannia Industries Ltd 0.92 HCL Technologies Ltd 0.79 Kotak Banking ETF 0.92 ONGC Ltd 0.77 Reliance ETF Bank BeES 0.92 Titan Industries Ltd 0.76 HCL Technologies Ltd 0.84 Dr Reddys Laboratories Ltd 0.75 Hindalco Industries Ltd 0.84 Power Grid Corporation Ltd 0.75 Dr Reddys Laboratories Ltd 0.78 Marico Ltd 0.69 Kotak Mahindra Bank Ltd 0.75 Mahindra & Mahindra 0.68 Polycab India Limited 0.73 Ultratech Cement Limited 0.66 ONGC Ltd 0.71 Lupin Ltd 0.64 ACC Ltd 0.70 Hindalco Industries Ltd 0.59 Mahanagar Gas Ltd 0.69 Bharat Heavy Electricals Ltd 0.58 Amara Raja Batteries Ltd 0.62 GAIL (India) Ltd 0.54 Power Grid Corporation Ltd 0.62 ACC Ltd 0.53 Petronet LNG Ltd 0.62 Union Bank of India 0.53 Hindustan Petroleum Corp Ltd 0.61 Bajaj Finance Ltd 0.52 Titan Industries Ltd 0.60 Kansai Nerolac Paints Ltd 0.51 Mahindra & Mahindra 0.58 Bank of Baroda 0.50 Rallis India Ltd 0.58 Colgate-Palmolive (India) Ltd 0.50 Ajanta Pharma Limited 0.58 Crompton Greaves Consumer Electricals Limited 0.49 Ultratech Cement Limited 0.57 Mahanagar Gas Ltd 0.48 Bajaj Finance Ltd 0.57 Ajanta Pharma Limited 0.45 Crompton Greaves Consumer Electricals Limited 0.55 Hindustan Petroleum Corp Ltd 0.44 Hero Motocorp Limited 0.52 Amara Raja Batteries Ltd 0.40 Cholamandalam Investment and Finance Company Ltd 0.52 Rail Vikas Nigam Limited 0.38 Motherson Sumi Systems Ltd 0.51 City Union Bank Ltd 0.37 Shriram Transport Finance Co. Ltd. 0.51 Motherson Sumi Systems Ltd 0.36 Rail Vikas Nigam Limited 0.50 Tata Steel Ltd 0.35 LIC Housing Finance Ltd 0.48 Gujarat Narmada Valley Fert 0.32 Gujarat State Fert & Chem. Ltd 0.48 Dabur India Ltd 0.32 Indian Oil Corporation Ltd 0.46 Manappuram Finance Ltd. 0.31 UPL Ltd 0.46 MRF Ltd 0.31 Atul Limited 0.44 Ujjivan Financial Services Limited 0.29 Tata Motors Ltd 0.43 Cholamandalam Investment and Finance Company Ltd 0.28 Ashok Leyland Ltd 0.43 Tata Motors Ltd 0.25 Dabur India Ltd 0.43 Thermax Ltd 0.25 Ujjivan Financial Services Limited 0.43 The Indian Hotels Co. Ltd 0.24 GAIL (India) Ltd 0.42 Gujarat State Fert & Chem. Ltd 0.24 Heritage Foods Ltd 0.38 Coromandel Fertilizers Ltd 0.21 Development Credit Bank Ltd 0.38 Ashok Leyland Ltd 0.21 Taj Gvk Hotels & Resorts Ltd 0.37 Canara Bank 0.20 Federal Bank Ltd 0.35 UPL Ltd 0.13 Manappuram Finance Ltd. 0.32 Oil India Ltd 0.08 Tata Steel Ltd 0.28 Punjab National Bank 0.03 Bank of Baroda 0.27 SBI Cards and Payment Services Limited 0.02 Indusind Bank Ltd 0.23 Reliance ETF Bank BeES 0.01 Thermax Ltd 0.23 Total - Equity Securities 27.35 City Union Bank Ltd 0.22 Garware Technical Fibres Ltd. 0.10 Debt Union Bank of India 0.10 8.5% HDFC 2020 0.59 Bharat Heavy Electricals Ltd 0.10 10.09% MRF Ltd 2021 0.34 Punjab National Bank 0.04 9.43% LIC Housing Finance Ltd 2022 0.24 SBI Cards and Payment Services Limited 0.03 9.9% HDFC 2021 0.24 Total - Equity Securities 33.43 9.98% Infrastructure Leasing & Financial Serv. 2021 0.17 10.5% Mahindra & Mahindra Fin. Serv. 2021 0.16 Debt 8% Britannia Industries Ltd 2022 0.01 9.43% LIC Housing Finance Ltd 2022 0.78 8.49% NTPC Ltd 2025 0.00 9.15% Axis Bank Ltd 2022 0.26 Total - Corporate bonds 1.74 9.98% Infrastructure Leasing & Financial Serv. 2021 0.25 8% Britannia Industries Ltd 2022 0.01 Total - Corporate bonds 1.30 Annexure Break up of Other Investments is as given below

Debt 1 Fund Balanced Fund - Pension Security Name Percentage Security Name Percentage Debt Equity 8.65% Power Finance Corporation Ltd 2024 1.00 Kotak Mahindra Bank Ltd 2.01 8.2% National Bank For Agricultural Devlopment 2028 0.99 Larsen & Toubro Limited 1.83 7.99% HDFC 2024 0.97 Maruti Suzuki India Ltd 1.23 8% India Infradebt Limited 2022 0.96 Asian Paints Ltd 1.20 8.25% IDFC First Bank Limited 2022 0.96 Nestle India Ltd 0.94 7.65% Infrastructure Leasing & Financial Serv. 2022 0.95 HCL Technologies Ltd 0.84 8.85% Shriram Transport Finance Co. Ltd. 2021 0.94 Axis Bank Ltd 0.83 8.51% India Infradebt Limited 2021 0.93 Bajaj Finance Ltd 0.83 8.43% HDFC 2025 0.87 Sun Pharmaceutical Inds Ltd 0.82 8.07% Energy Efficiency Services Ltd 2023 0.86 Mahindra & Mahindra0.78 7.17% National Highways Authority of India 2021 0.84 Dr Reddys Laboratories Ltd 0.76 10.3% Sundaram Finance Ltd 2022 0.78 NTPC Ltd 0.74 9.39% LIC Housing Finance Ltd 2024 0.77 Ultratech Cement Limited 0.73 9.22% LIC Housing Finance Ltd 2024 0.76 Power Grid Corporation Ltd0.72 9.5% Infrastructure Leasing & Financial Serv. 2024 0.71 Britannia Industries Ltd 0.68 7.35% Bajaj Finance Ltd 2022 0.71 Titan Industries Ltd 0.64 8.9% Infrastructure Leasing & Financial Serv. 2021 0.68 State Bank of India 0.64 7.964% Sundaram Finance Ltd 2021 0.65 Bajaj Auto Ltd 0.60 9.3% L&T Infra Debt Fund Ltd 2023 0.55 Cipla Ltd 0.53 9.34% Rural Electrification Corp 2024 0.51 Hero Motocorp Limited 0.53 9.23% LIC Housing Finance Ltd 2022 0.49 Bharat Petroleum Corpn Ltd0.47 7.33% LIC Housing Finance Ltd 2025 0.48 ONGC Ltd 0.47 7.9% India Infradebt Limited 2022 0.48 Wipro Ltd 0.46 8.44% Rural Electrification Corp 2021 0.47 Tech Mahindra Ltd 0.45 10.15% Bajaj Finance Ltd 2024 0.47 Shree Cements Ltd 0.45 9.05% Shriram Transport Finance Co. Ltd. 2021 0.47 Coal India Ltd 0.44 9.25% Shriram Transport Finance Co. Ltd. 2021 0.47 Bajaj Finserv Ltd 0.41 7.5% Apollo Tyres Ltd 2021 0.47 Eicher Motors Ltd 0.40 8.6% LIC Housing Finance Ltd 2020 0.45 Tata Steel Ltd 0.39 9.15% Axis Bank Ltd 2022 0.44 Grasim Industries Ltd 0.39 9.9% HDFC 2021 0.41 UPL Ltd 0.36 9.34% HDFC 2024 0.41 Hindalco Industries Ltd 0.35 8.7% Power Grid Corporation Ltd 2023 0.40 Indian Oil Corporation Ltd 0.34 9.39% Power Finance Corporation Ltd 2024 0.38 Bharti Infratel Ltd 0.32 9.37% Power Finance Corporation Ltd 2024 0.36 GAIL (India) Ltd 0.30 9.35% Rural Electrification Corp 2022 0.34 Vedanta Ltd 0.30 9.75% Rural Electrification Corp 2021 0.30 Tata Motors Ltd 0.27 8.93% Power Grid Corporation Ltd 2022 0.28 Zee Entertainment Ent Ltd 0.25 8.07% Energy Efficiency Services Ltd 2021 0.28 Indusind Bank Ltd 0.19 10.3% Il&FS Financial Services Ltd 2021 0.27 Adani Ports & Special Economic Zone Ltd. 0.17 10.02% Mahindra & Mahindra Fin. Serv. 2022 0.25 JSW Steel Ltd 0.12 10.15% Mahindra & Mahindra Fin. Serv. 2022 0.25 Bank of Baroda 0.11 7.65% Axis Bank Ltd 2027 0.19 SBI Cards and Payment Services Limited 0.02 10.5% Mahindra & Mahindra Fin. Serv. 2021 0.17 Yes Bank Ltd 0.01 10.09% MRF Ltd 2021 0.17 Thermax Ltd 0.00 9.98% Infrastructure Leasing & Financial Serv. 2021 0.10 Total - Equity Securities 25.33 Total - Corporate bonds 25.64

Debt 6.68% Government of India 2031 1.12 8.59% State Government of Karnataka 2025 1.02 8.42% State Government of Andhra Pradesh 2028 0.45 8.17% Government of India 2044 0.35 8.3% Government of India 2040 0.21 8.8% State Government of Kerala 2022 0.15 7.72% Government of India 2025 0.13 8.12% Government of India 2020 0.05 Total - Sovereign Securities 3.49 Annexure Break up of Other Investments is as given below

Value Fund Dynamic Asset Allocation Fund Security Name Percentage Security Name Percentage Equity Equity Tech Mahindra Ltd 1.29 Kotak Mahindra Bank Ltd 1.55 Manappuram Finance Ltd. 1.11 Larsen & Toubro Limited 1.22 ONGC Ltd 1.08 Bharti Airtel Ltd 1.18 Marico Ltd 1.01 Maruti Suzuki India Ltd 0.82 Lupin Ltd 0.99 Bajaj Finance Ltd 0.81 Amara Raja Batteries Ltd 0.96 Asian Paints Ltd 0.78 Larsen & Toubro Limited 0.96 Axis Bank Ltd 0.70 Mahindra & Mahindra 0.93 Nestle India Ltd 0.62 Hindalco Industries Ltd 0.91 HCL Technologies Ltd 0.59 LIC Housing Finance Ltd 0.91 Mahindra & Mahindra 0.50 Titan Industries Ltd 0.91 Sun Pharmaceutical Inds Ltd 0.50 ACC Ltd 0.90 State Bank of India 0.49 Polycab India Limited 0.90 Tata Steel Ltd 0.49 Colgate-Palmolive (India) Ltd 0.89 NTPC Ltd 0.47 Ultratech Cement Limited 0.86 Ultratech Cement Limited 0.47 Garware Technical Fibres Ltd. 0.86 Dr Reddys Laboratories Ltd 0.46 Glaxosmithkline Pharma Ltd 0.80 Manappuram Finance Ltd. 0.45 Crompton Greaves Consumer Electricals Limited 0.75 Power Grid Corporation Ltd 0.44 Sanofi India Ltd 0.73 Hindalco Industries Ltd 0.43 Hindustan Petroleum Corp Ltd 0.72 Titan Industries Ltd 0.42 Thermax Ltd 0.70 Britannia Industries Ltd 0.42 Dabur India Ltd 0.69 Bajaj Auto Ltd 0.38 Petronet LNG Ltd 0.68 Wipro Ltd 0.37 Cipla Ltd 0.68 Bajaj Finserv Ltd 0.37 GAIL (India) Ltd 0.66 Tech Mahindra Ltd 0.36 City Union Bank Ltd 0.65 Hero Motocorp Limited 0.35 Shriram Transport Finance Co. Ltd. 0.65 Petronet LNG Ltd 0.31 Rail Vikas Nigam Limited 0.64 ONGC Ltd 0.31 Rallis India Ltd 0.61 Bharat Petroleum Corpn Ltd 0.31 Bajaj Finance Ltd 0.60 Cipla Ltd 0.30 Power Grid Corporation Ltd 0.60 Coal India Ltd 0.30 Cholamandalam Investment and Finance Company Ltd 0.59 Zydus Wellness Ltd 0.27 Coromandel Fertilizers Ltd 0.57 UPL Ltd 0.27 Motherson Sumi Systems Ltd 0.51 Eicher Motors Ltd 0.25 Ujjivan Financial Services Limited 0.48 Grasim Industries Ltd 0.25 Gujarat State Fert & Chem. Ltd 0.47 Indraprastha Gas Ltd 0.23 Tata Steel Ltd 0.46 Indian Oil Corporation Ltd 0.23 The Indian Hotels Co. Ltd 0.37 Indusind Bank Ltd 0.21 Federal Bank Ltd 0.35 Tata Motors Ltd 0.19 Tata Motors Ltd 0.32 GAIL (India) Ltd 0.19 Bank of Baroda 0.31 Ambuja Cements Ltd 0.16 UPL Ltd 0.19 Tata Global Beverages Ltd 0.16 SBI Cards and Payment Services Limited 0.03 The Indian Hotels Co. Ltd 0.15 Total - Equity Securities 30.27 Zee Entertainment Ent Ltd 0.15 Bharti Infratel Ltd 0.15 Index Tracker Fund Adani Ports & Special Economic Zone Ltd. 0.14 Security Name Percentage Tata Chemicals Ltd 0.11 Equity Thermax Ltd 0.11 NTPC Ltd 1.21 Emami Limited 0.09 Ultratech Cement Limited 1.20 Bank of Baroda 0.09 Axis Bank Ltd 1.19 SBI Cards and Payment Services Limited 0.07 Power Grid Corporation Ltd 1.17 Hindustan Petroleum Corp Ltd 0.07 Britannia Industries Ltd 1.11 Sun TV Network Ltd 0.06 Titan Industries Ltd 1.04 Lupin Ltd 0.06 Bajaj Auto Ltd 0.96 Union Bank of India 0.02 State Bank of India 0.89 Total - Equity Securities 20.83 Cipla Ltd 0.86 Hero Motocorp Limited 0.85 Debt Fund - Pension Bharat Petroleum Corpn Ltd 0.78 Security Name Percentage ONGC Ltd 0.77 Debt Tech Mahindra Ltd 0.76 10.3% Il&FS Financial Services Ltd 2021 0.56 Wipro Ltd 0.75 Total - Corporate bonds 0.56 Coal India Ltd 0.73 Bajaj Finserv Ltd 0.69 Debt Fund Shree Cements Ltd 0.67 Security Name Percentage Eicher Motors Ltd 0.65 Debt Tata Steel Ltd 0.64 9.39% LIC Housing Finance Ltd 2024 1.72 Grasim Industries Ltd 0.63 9.15% Axis Bank Ltd 2022 1.38 UPL Ltd 0.58 10.5% Mahindra & Mahindra Fin. Serv. 2021 1.36 Indian Oil Corporation Ltd 0.56 Total - Corporate bonds 4.45 Hindalco Industries Ltd 0.56 Bharti Infratel Ltd 0.51 GAIL (India) Ltd 0.49 Vedanta Ltd 0.49 Tata Motors Ltd 0.44 Zee Entertainment Ent Ltd 0.41 Adani Ports & Special Economic Zone Ltd. 0.29 Indusind Bank Ltd 0.24 JSW Steel Ltd 0.20 Yes Bank Ltd 0.02 Total - Equity Securities 22.36 Toll Free No. 1800 209 8700 SMS to 5667735, SMS charges apply. Website: www.indiafirstlife.com