A

PROJECT REPORT
ON
FUND PERFORMANCE MANAGEMENT
AT
"SBI LIFE INSURANCE"
SUBMITTED
To
UNIVERSITY OF PUNE
IN PARTIAL FULFILLMENT OF MASTER IN BUSINESS
ADMINISTRATION
BY,
KIRAN LOYA
MBA-II (FINANCE)
DR. MOONJE INSTITUTE OF
MANAGEMENT AND COMPUTER STUDIES, NASHIK-
ACKNOWLEDGEMENT:-

The internship opportunity I had with SBI LIFE INSURANCE was

a great chance for learning and professional development.
I take this opportunity to thank a SBI life for giving me permission for
the internship.

I would especially like to thank Mr. Sachin Sonwane, (Branch

Manager) & Mr. Deepak Wani, (Development Manager) SBI Life
Insurance Co. Ltd, Nasik, I acknowledge the fact that SBI Life
Insurance CO, Ltd., Nasik Provide me an insight into the functioning of
a Life Insurance Company.

Finally I express my gratitude towards my project guide and the

Director of my institute Dr. Preeti Kulkarni ma’am, and all the faculty
and staff member of Dr. Moonje Institute of Management & Computer
Studies for their support and guidance, without which this project
would not have been successfully completed.
 DECLARATION

I hereby declare that the project is a result of my own work and the
same has not been previously submitted by anybody for any examination of
this university or any other university.

,
 INDEX OF CHAPTERS

Content No. of
Pages
Chapter 1 Introduction 1

Chapter 2 Scope And Objective 2-3

Chapter 3 Organization profile 4-7

Chapter 4 Research Methodology 8-11

Chapter 5 Data analysis 12-31

Chapter 6 Learning of the student through the project 32-46

* Bibliography
 CHPTER 1

INTRODUCTION

Insurance Sector
The insurance sector after privatization is expected to grow by leaps and
bounds. The market pundits predict that the life insurance sector from present
level of Rs. 25 thousand crore per annum will reach to business volume of Rs. 100
thousand crore by 2010. Potential for general insurance is estimated to be Rs. 40
thousand corers. Per annum as against present level of Rs. 30 crores.

Insurance today is not sold. It is bought where a customer expects to be

treated in a much better manner. The awareness levels must increase so that the
product reaches the customer at his door-step. The break up of joint family
system has created a greater need for security of nuclear family. The
consumerism has further generated need to save the family from loss on untimely
demise of the bread earner. The diversified growth of economy calls for a new
mind-set for appreciation of element of risk in every activity of life.

The existing companies as well as companies seeking entry in the market in

near future have a good potential business and they need well qualified and
trained personnel at managerial and marketing levels. This sector has solid
economic presence and is expected to grow very fast in the coming years.
 CHAPTER 2

OBJECTIVES AND SCOPE OF STUDY

1. Objectives of project:-

 To study the risk management and compensation of financial loses.

 To analyze the performance of SBI life insurance in money market.

 To compare and study the business earn by SBI and other insurance
companies.

 To examine the role of IRDA as a sole regulatory body for all insurance
companies in India.
 2. Scope of the Project:-

Insurance is a sunrise industry. Instead of such good scope insurance as a

subject has not gained prominence and acceptance in the academic curriculum.
From last four-five years few universities and other management and financial
institutes have started offering some specialized courses in the field after it was
privatized in the late 1999.

Therefore looking at the potential opportunities and scope of growth in

insurance sector I decided to pursue a summer project in an insurance company.
It helped me to get a deep insight into the working and culture of an insurance
company and immense knowledge about the insurance sector. This knowledge
and experience would be of great help to me in my future career prospects.
 CHAPTER 3
ORGANIZATION PROFILE

Vision
"To be the most trusted and preferred life insurance provider"

Mission

"To emerge as the leading company offering a comprehensive range of life

insurance and pension products at competitive prices, ensuring high standards of
customer satisfaction and world class operating efficiency thereby becoming a
model life insurance company in India in the post liberalization period."
History of SBI Life Insurance Company Ltd.

SBI Life Insurance Company Limited (SBI Life) was established in 2001 and a
joint venture life insurance company between STATE BANK OF INDIA (SBI), the
largest state-owned bank and financial service in India and BNP Paribas Cardiff.
BNP Paribas is French multinational bank and financial service company with
global Headquarter in Paris.
SBI has an unrivalled strength of over 22000 branches across the country
making it the largest banking group in India. SBI Life offers a comprehensive range
of life insurance and pension products. The company offers individual and group
products which include savings and protection plans to address the insurance
needs of diverse customer segments. SBI Life has a multi-channel distribution
network comprising of an expansive Bancassurance channel with SBI and agent
network comprising of 1.13 lakh agents as on September 30, 2018. The company's
other distribution channels include direct sales and sales through corporate
agents brokers insurance marketing firms and other intermediaries. As on
September 30, 2018 the company had a widespread network of 848 offices across
the Country.SBI Life Insurance Company Limited was incorporated as a public
limited company at Mumbai on October 11, 2000 and received certificate of
commencement of business from the RoC on November 20 2000. The Company is
registered with the IRDA for carrying out the business of life insurance pursuant
to the registration certificate dated March 29 2001.
During the financial year 2017-18 SBI Life achieved AUM milestone of Rs 1
lakh crore. State Bank of India offloaded 8 crore shares and BNP Paribas Cardiff
S.A. offloaded 4 crore share of SBI Life Insurance Company via an initial public
offering (IPO) during the period from 20 September 2017 to 22 September 2017.
 CHAPTER 4
RESEARCH METHODOLOGY

2.1 Objectives Of Research

 To gain familiarity with a phenomenon or to achieve new insights into it.

 To portray accurately the characteristics of a particular individual,

situation or a group.

 To determine the frequency with which something occurs or with which it

is associated with something else.

 To test a hypothesis of a causal relationship between variables.

 To define the focus on the study.

2.2 Type of Research

I used a descriptive type of research. It is one which includes survey and

fact finding enquiries of different kinds. The major purpose of research is
description of the state of affairs as it exists at present.

Methodology or involving in the research followed during the course of

summer training is as follows-
 2.3 Data Required and its Sources:
Data is unprocessed information, which is required to take decision pertaining
growth of business and can be collected by two ways

Primary data
Secondary data

1. Primary Data:-

This is the original form of data first hand in nature where the researcher
himself goes to different people covered under the sample and collected data
himself by following methods

Personal interviews
Group interviews
Questionnaires
Telephonic interview
Survey.

2. Secondary Data: -

It is the data which is derived by any other person or body or institute. It

already exist and processed the researchers has only to decides that how it will
be handy to appraise my project.

Various sources of collecting secondary data are

 Books
 Magazines
 Internet
 Pamphlets of various co.
  Insurance manual and organizations project detail brochure.

2.4 Research Instrument:-

I used questionnaire as research instrument to collect the requisite

information for the research. Questionnaire method was chosen because of its
veracity. Almost every market problems involves people. Therefore ideas
relative to people and its solution can be obtained by asking them about their
problems. This type has the advantage that the respondents do not know
exactly what is being measured and hence are not biased their answer to some
extent.

Sampling Plan

A proper sampling plan is very important in the research process and it also
makes the research process easy. It includes the sampling element, sample
size and sample area.

SAMPLE ELEMENT

It includes those respondents who are going to fill up and answer the
questionnaire.

2.5 Limitations

 Limited time for project.

 Study was limited.
 Limited information collected.
Questionnaire

1. Are you insured?

. a. Yes

b. No

2. From which sector you insured?

a. Public sector

b. Private sector

3. What do you mean by life insurance?

a. Protection of human asset value against uncertainty.

b. A sum received after death

c. Both

d. None of the above

4. Do you think life insurance is essential for everyone?

a. Yes
 b. No

5. What is your qualification?

a. Post graduation

b. Graduation

c.Higher secondary

6. Do you come under?

a. 18-25

b. 25-35

c. 35-45

d. Above 46

7. Would you like to know about career in life insurance?

a. Yes

b. No

8. Do you perceive that life insurance business is the nobel service

oriented business?

a. Yes

b. No

9. Do you agree that life insurance business is growing in industry

and will grow rapid and pace in future?

a. Yes

b. No
10. How many insurance policies you have?

a. 0

b. 1

c. 2

d. 3

11. Which of the following policy or policies you have?

a. Endowment policy

b. Single premium policy

c. Pension plan policy

d. Children policy

e. Money back policy

f. All of the above

12. What is the term of the policy?

a. Up to 5 years

b. 6-10 years

c. 11-15 years

d. 16-20 years

e. Above 20

13. Are you regular paying premium?

a. Yes
 b. No

14. Have you received survival benefits so for against money back
policy?

a. Yes

b. No

15. Are you aware about the insurance bonus of the policies?

a. Yes

b. No
 DATA ANALYSIS

1. Are you insured?

Respondence Yes No
50 38 12

YES
no

Interpretation:-
From the above data it is seen that 76% of resonance are insured.
While 24% haven't insured yet.

2. From which sector you are insured?

Respondent Public Private Not insured

50 24 14 12

PUBLIC
PRIVATE
Not Insured

Interpretation:-

From the above data 48% are insured in public sector, 28% are insured in
private sector and 24% haven't insured.
3. What do you mean by insurance?

Respondent Protection of A some Both None of the

human asset received above
value against after death
uncertainly
50 25 13 10 2

prtection of human asset value

against uncetainy
A some received after death

Both

None of above
Interpretation:-

From the above it is seen that 50% responded for Protection of human
asset value against uncertainty’26% responded for a some received after
death, 20% responded for both and 4% for none of the above.
4. Do you think life insurance is essential for everyone?

Respondent Yes No
50 40 10

Yes
No

Interpretation:-
From the above data 80% are think insurance is essential and 20% are
think that insurance is not essential.

5. What is your qualification?

Respondent Post graduate Graduate Higher Secondary

50 18 25 7

Post graduate
Gradute
Higher secondary

Interpretation:-
From the above it is seen that 36% are post graduate, 50% are graduate
and 14% are higher secondary.

6. Do you come under?

Respondent 18-25 25-35 35-45 Above 45

50 20 13 12 4

18-25
25-35
35-45
Above 45
Interpretation:-

From the above data, 40% comes under 18-25, 26% comes under 25-35,
24% comes under 35-45 & 8% are above 45.

7. Would you like to know about career life insurance?

Respondent Yes No
50 40 10

Yes
No
Interpretation:-

From the above it is seen that 80% are interested and 20% was not
interested to know career in life insurance.

8. Do you perceive that life insurance business is the noble service

oriented?

Respondent Yes No
50 36 14

Yes
No
Interpretation:-

It is seen that about 72% are agree that life insurance business is the
Nobel service oriented.
While 28% are not perceived that life insurance business is the Nobel
service oriented.

9. Do you agree that life insurance business is growing industry and

will grow rapid and pace in future?

Respondent Yes No
50 45 5

Yes
No
Interpretation:-

About 90% agreed that life insurance business is grow rapid and pace in
future while 10% does not agreed.

10. How many insurance policies you have?

Respondent 0 1 2 3
50 12 20 10 8

0
1
2
3
Interpretation:-

It is seen that 24% haven't any policy, 40% have 1 insurance policy, 20%
have 2 policies and 16% have 3 insurance policies.

11. Which of the following policy or policies do you have?

Respondent Endowment Single Pension plan Children plan

policy premium policy policy
policy
50 10 12 9 15

Endowment
Single premium policy
Pension policy
Children plan policy
Interpretation:-

From the above data 20% have Endowment policy, 24% have Single
premium policy, 18% have pension plan policy, 30% have children plan
policy and 8% have money back policy.

12. What is the term of the policy?

Responde Up to 5 6-10 year 11-15 16-20 Above 20

nt years years years years
50 20 13 11 5 1

Up to 5 years
6-10 years
11-15 years
16-20 years
Interpretation:

40% responded that have up to 5 years policy, 26% have 6-10 years policy,
22% have 11-15 years policy, 10% have 16-20 years policy and only 2%
have above 20 years policy.

13. Are you regular paying premium?

Respondent Yes No
50 38 12

yes
No
Interpretation:-

76% are regularly paying premium while 24% are not paying regular
premium.

14. Have you received several benefits of the policy?

Respondent Yes No
50 35 15

Yes
No
Interpretation:

From the above data it is seen that 70% have received policy benefits while
15% haven't received any benefits’.

15. Have you aware about the insurance bonus of the policy?

Respondent Yes No
50 39 11

Sales

Yes
No
Interpretation:-

It is seen that 78% are aware about insurance bonus of the policy and 22%
are not aware about this.
 CHAPTER-5

FUND PERFORMANCE OF SBI LIFE INSURANCE.CO.IN

1. INTRODUCTION OF THE TOPIC :-

SBI Life Insurance Co.Ltd the subsidiary of country largest public sector
launched an innovative unit like product smart ULIP. The smart ulip
product provides Net Asset Value (NAV) guarantee of the highest of 168
fortnightly NAVs during first seven years or NAV at maturity whichever
is higher in case of the unfortunate event of the death of life insured
during the policy term the nominee received the higher of fund value or
sum assured a company release said
Some rate of return at 4% and 8% P.A are only illustrative
scenarios at these rates after considering all applicable charges. This
are not guarantee and they are not higher or lower limits of returns.
Unit link life insured product are subject to market risk the various fund
offer under this contract are the name of the fund and do not in any
way indicate the quality of this plans and the future prospects or
returns
Unit link life insurance Products are different from the
traditional products are subject to market risk. The premium paid in
unit link policies are subject to investment risk associated with capital
market and the NAVs of the units may go up or down best on
performance of fund and factors influencing the capital market.

2. UNIT LINK PRODUCT FROM SBI LIFE INSURANCE CO. LTD

SBI life has a variety of unit link products with different funds
which comes flexibility to choose investment pattern to general
market link return according to rick appetite
INDIAN ECONOMY

The Indian economy with domestic product (GDP) at current prices in the year
fiscal year 2017 is estimated at 151.84 trillion showing growth rates 11.0% over
the estimates of GDP for fiscal 2016 of RS 136.82 trillion.

GLOBAL LIFE INSURANCE

Growth in the global life insurance industry has been almost stages after the
financial crisis in 2008. Before the crisis the total premium of the industry grew at
4% CAGR (in nominal dollar terms) during 2003 to 2007. However, there was a
revive in growth from 2014 onwards, as the global life insurance industry
recorded 3.5% CAGR growth during 2013-2016 on revive premium basis. Growth
was premium driven by China, where premium grew over 15% CAGR during the
period.
Growth in the post-crisis era has been primarily driven by emerging markets,
where premiums grew 6.6%CAGR during 2001 to 2016. Growth in the Indian life
insurance industry has been in-line with the emerging market average during the
period. (Source: CRISIL Report)
Asia is the largest market for life insurance, according for 38% of the premium
collected. India’s share in the global market was 2%.
Africa

Asia

Europ

America

Oceania
INDIAN LIFE INSURANCE INDUSTRY

The size of the Indian life insurance industry is Rs 4.2 trillion on a total-premium
basis as of fiscal 2017. In terms of total premium, the Indian life insurance
industry is the 10th largest market in the world and the fifth largest in Asia based
on Re, sigma No 3/2017 report. New premium constituted 42%of the total
premium as of fiscal 2017. The industry’s assets under management (AUM) grew
at a compound annual rate (CAGR) of 19% during fiscal 2001 to fiscal 2017 to Rs
30 trillion. Total premium has grown at a stupendous 17% CAGR during fiscal 2001
to fiscal 2017, after the privatization in 2004.
Within the premium bucket, new business premium (NBP) GREW AR 9% CAGR
during fiscal 2007 to f2017 to Rs 1.8 trillion with fiscal 2017 seeing a sharp 26%
year-on-year rise. Group business premium grew at 22% CAGR during the period
over a relatively low base, whereas individual premium rose at a tepid 2% CAGR.
DEBT MARKET IN INDIA

 Money Market: Money market refers to the market where the requirement or
arrangement of funds is for a period of less than one year.

 Bank and Corporate Deposits: While bank fixed deposits (FDs) are very common
amongst the investors as a traditional investment avenue for decades, corporate
deposits are nothing but fixed deposits where the issuer is a company or an
institution other than a bank.

 Government Securities: G-Secs or Government Securities are Sovereign rated

debt papers issued by the Government with a face value of a fixed denomination. In
India, G-secs are issued by Government of India and State Government at face
value of Rupees One Hundred in lieu of their borrowings from the market.

 Corporate & PSU Bond Market: Corporate Bonds are issued by Public Sector
Undertakings (PSUs) and private corporations. These bonds are issued for a wide
range of tenor normally; say for a period of 1 year to 15 years or even more. As
compared to Government Securities which are nearly free of default risk; corporate
bonds may turn out to be risky.
 FUND PERFORMANCE OF SBI LIFE INSURANCE.CO.IN

Products Invested in Various Funds

SBI Life – SBI Life - SBI Life -

SBI Life – SBI Life – SBI Life – SBI Life – SBI Life – SBI Life – SBI Life –
SBI Life – Smart Smart SaralInsure
Smart Smart Retire Smart SaralMaha eWealth Smart
Smart Elite Wealth InsureWeal Wealth
Power Scholar Smart Wealth Anand Insurance Privilege
Assure th Plus Plus
Insurance Builder
(UIN: (UIN: (UIN: (UIN : (UIN :
(UIN: (UIN: (UIN: (UIN: (UIN: (UIN:
111L072V0 111L070V0 111L107V0 111L125V0 111L124V0
111L090V0 111L073V0 111L094V0 111L095V0 111L077V0 111L100V0
2) 2) 1) 1) 1)
1) 2) 1) 1) 2) 2)

Equity         
Equity Elite II 
Bond        
Money
     
Market
Growth      
Balanced        
Equity
     
Optimizer
Top 300    
Equity

Pension II
Bond

Pension II
Money
Market 
Pension II
Pure Fund   
Midcap Fund   
Bond
 
Optimizer
Corporate
 
Bond
 Returns in %
Returns
(Greater than in % Returns) **
1 yr : CAGR
AUM as (Greater than 1 yr : CAGR Returns) **
Bench
Bench
Inception AUM
on Apr as Since
Funds Inception marks
marks 1 yr 2 yrs 3 yrs 4 yrs 5 yrs
Date on Apr
30,2019 Inception
Funds (BM))
Date (` inCr)
30,2019 (BM
(` inCr)
Fund BM Fund BM Fund BM Fund BM Fund BM Fund BM

Equity 10-Jan-05 13,366.54 4.18 9.39 9.70 12.37 12.95 14.39 9.09 9.47 12.89 11.90 16.87 13.24

Equity
15-Jan-07 573.78 NIFTY 50 4.97 9.39 10.59 12.37 14.17 14.39 9.82 9.47 13.27 11.90 10.34 8.36
Pension

Equity
03-Jan-14 1,180.71 5.50 9.39 10.77 12.37 14.18 14.39 9.97 9.47 13.32 11.90 13.40 12.90
Pension II

Equity
21-Jan-08 1,425.50 6.79 9.17 9.91 11.44 13.14 13.02 9.79 9.20 12.25 11.20 8.94 6.50
Optimiser
Equity
Optimizer 21-Jan-08 167.37 7.67 9.17 10.94 11.44 14.01 13.02 10.35 9.20 12.56 11.20 9.11 6.50
Pension
Nifty 50
Equity Elite 25-Feb-08 10.85 (80%) 8.59 9.17 12.05 11.44 14.79 13.02 11.31 9.20 13.79 11.20 11.87 6.57
Liquefy
Equity Elite (20%)
10-Feb-10 3,004.01 5.71 9.17 9.91 11.44 13.13 13.02 9.89 9.20 12.57 11.20 10.63 10.00
Fund II

Top 300 07-Jan-10 771.73 7.34 9.17 11.01 11.44 13.86 13.02 10.34 9.20 12.06 11.20 10.87 8.95

Top 300
18-Jan-10 238.76 7.52 9.17 11.01 11.44 13.86 13.02 10.35 9.20 12.14 11.20 10.49 8.96
Pension

Growth 24-Nov-05 912.51 Nifty 50 6.56 9.16 9.08 10.52 12.19 12.35 9.38 9.13 12.12 11.18 11.96 10.49
(70%)
CompBe
Growth
15-Feb-07 206.11 x (30%) 6.20 9.16 9.23 10.52 12.50 12.35 9.73 9.13 12.46 11.18 10.65 7.00
Pension

Balanced 5-Dec-05 6,743.94 Nifty 50 7.29 8.93 8.54 9.24 11.16 10.95 9.25 8.81 10.78 10.62 10.75 9.86
(50%)
CompBe
Balanced
21-Feb-07 101.83 x (50%) 8.19 8.93 9.44 9.24 12.04 10.95 9.99 8.81 11.49 10.62 11.42 8.36
Pension

Bond 10-Jan-05 17,299.47 8.17 8.06 5.57 5.87 6.96 7.25 7.22 7.70 8.62 8.88 8.59 7.05

CRISIL
Bond
16-Jan-07 408.51 CompBe 8.65 8.06 6.41 5.87 7.59 7.25 7.78 7.70 9.15 8.88 8.96 7.51
Pension
x
Bond
03-Jan-14 3,959.60 7.56 8.06 5.17 5.87 6.71 7.25 7.15 7.70 8.53 8.88 8.63 8.96
Pension II

FlexiProtect 8-Mar-09 0.46 5.09 NA 5.51 NA 6.38 NA 5.52 NA 8.65 NA 11.63 NA

Flexi
8-Jan-10 2,204.25 5.44 NA 6.47 NA 8.39 NA 6.85 NA 10.19 NA 9.09 NA
Protect(Se
ries II)
Daily NA
6-Sep-10 2,188.66 6.55 NA 6.67 NA 8.42 NA 7.15 NA 9.78 NA 6.99 NA
Protect

Daily
4-Mar-11 1,242.99 6.64 NA 6.77 NA 8.49 NA 6.91 NA 9.82 NA 8.56 NA
Protect II

Daily
1-Sep-11 5,375.81 6.64 NA 7.00 NA 8.90 NA 7.05 NA 10.57 NA 10.70 NA
Protect III
 2 yrs Since
1 yr 3 yrs 4 yrs 5 yrs
Inception

Fun
Fund BM BM Fund BM Fund BM Fund BM Fund BM
d

Index 07-Jan-10 1,274.80 7.12 9.39 11.12 12.37 13.09 14.39 10.34 9.47 11.19 11.90 8.90 9.00
Nifty 50
Index
18-Jan-10 40.96 7.30 9.39 11.21 12.37 13.16 14.39 8.82 9.47 11.23 11.90 9.42 9.00
Pension

Money
1-Feb-06 177.48 6.98 7.07 6.60 6.95 6.96 6.99 7.27 7.24 7.60 7.57 7.24 7.40
Market
Money CRISIL T-
Market 20-Mar-08 20.72 Bill Index 7.04 7.07 6.64 6.95 6.99 6.99 7.37 7.24 7.74 7.57 7.94 7.53
Pension #
Money
Market 03-Jan-14 208.84 6.69 7.07 6.33 6.95 6.73 6.99 7.08 7.24 7.28 7.57 7.30 7.68
Pension II
Guaranteed
PensionFund 9-Feb-11 10.52 8.75 NA 5.68 NA 7.39 NA 7.11 NA 7.12 NA 7.10 NA
(GPF070211)

RGF070311 9-Mar-11 160.51 8.26 NA 6.87 NA 7.48 NA 7.73 NA 8.67 NA 7.86 NA

RGF150611 21-Jun-11 81.92 7.95 NA 6.29 NA 7.10 NA 7.44 NA 8.46 NA 7.94 NA

P/E NA
8-Sep-10 407.40 3.69 NA 8.06 NA 10.64 NA 7.80 NA 10.77 NA 8.40 NA
Managed

Discontinued
11-Apr-11 3,377.72 7.94 NA 5.82 NA 6.26 NA 6.77 NA 7.59 NA 6.89 NA
Policy

Discontinued
03-Jan-14 395.47 8.00 NA 5.24 NA 6.25 NA 6.82 NA NA NA 7.88 NA
Pension

Pure Fund 15-Jun-16 158.25 (3.49) NA 3.36 NA NA NA NA NA NA NA 8.07 NA

NIFTY
Free
Midcap Fund 15-Jun-16 1,534.05 Float (6.27) (13.42) 4.90 (1.45) NA NA NA NA NA NA 13.59 9.74
Midcap
100
Bond
Optimizer 24-Jan-19 0.13 NA NA NA NA NA NA NA NA NA NA NA 12.40 NA
Fund
Corporate
24-Jan-19 0.55 NA NA NA NA NA NA NA NA NA NA NA 1.76 NA
Bond Fund
 Equity Fund

INVESTMENT OBJECTIVE
To provide high equity exposure
targeting higher returns in the long
term.
Assets Mix (In %) Min Max Actual (%) AUM (In Crs) Fund Description
Fund Manager Name Gopikrishna Shenoy
Equity 80 100 94.86 12,678.86
No of funds managed Equity Debt Balanced
Debt 0 20 0.00 0.00 by fund Manager 8 0 3
Money Market 0 20 5.14 687.68 Launch Date 10-Jan-05

TOTAL 100.00 13,366.54 Risk Profile High

Benchmark Nifty 50
NAV as on 30-Apr-19 93.1229
Modified Duration NA
FUND PERFORMANCE

Returns 1 Month 6 Months 1 yr 2 yrs 3 yrs Since Inception

Equity Fund -0.24% 11.91% 4.18% 9.70% 12.95% 16.87%

Benchmark 1.07% 13.11% 9.39% 12.37% 14.39% 13.24%
 Bond Fund

INVESTMENT OBJECTIVE
To provide relatively safe and less volatile
investment option mainly through debt
instruments and accumulation of income
through investment in fixed income securities. Fund Description
Assets Mix (In %) Min Max Actual (%) AUM (In Crs) Fund Manager Name Nirmal Gandhi
No of funds managed Equity Debt Balanced
Debt 60 100 91.02 15,746.07 by fund Manager 0 7 0
Money Market 0 40 8.98 1,553.40 Launch Date 10-Jan-05
TOTAL 100.00 17,299.47 Risk Profile Low to Medium
Benchmark Crisil CompBex
NAV as on 30-Apr-19 32.5466
Modified Duration 4.23
 Returns 1 Month 6 Months 1 yr 2 yrs 3 yrs Since Inception

Bond Fund -0.23% 5.60% 8.17% 5.57% 6.96% 8.59%

Benchmark -0.01% 5.49% 8.06% 5.87% 7.25% 7.05%
 Growth Fund

INVESTMENT OBJECTIVE
Long-term capital appreciation through
investment primarily in equity and equity
related instruments with a small part invested
in debt and money market for diversification
and risk reduction. Fund Description
Assets Mix (In %) Min Max Actual AUM (In Crs) Fund Manager Name Vineet Lakhotia
No of funds managed Equity Debt Balanced
Equity 40 90 70.36 642.09 by fund Manager 9 0 4
Debt 10 60 19.67 179.46 Launch Date 24-Nov-05
Money Market 0 40 9.97 90.96 Risk Profile Medium to High

TOTAL 100.00 912.51 Benchmark Nifty 50 (70%) CompBex (30%)

NAV as on 30-Apr-19 45.6704
Modified Duration 3.61
 FUND PERFORMANCE

Returns 1 Month 6 Months 1 yr 2 yrs 3 yrs Since Inception

Growth Fund 0.08% 9.59% 6.56% 9.08% 12.19% 11.96%

Benchmark 0.75% 10.84% 9.16% 10.52% 12.35% 10.49%
BIBLIOGRAPHY:-

BOOKS

 The Future Of Investment Management ( Ronald N kahn)

 Financial journals, magazine, Company sales report.

WEBSIDES

 www.google.com
 www.wikipedia.com
 www.sbilife.co.in