InveSTAR Fact Sheet July 2011

8/4/2019 InveSTAR Fact Sheet July 2011

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Fac t Sheet

July 2011

InveSTAR


2/23

Global Economic Scenario:

Along with US and European economies where signsof slowdown are visible, Chinas GDP growth for thesecond quarter also slowed down to 9.5 % ascompared to 9.7% in the previous quarter. Further,to contain inflation, Peoples Bank of China hasfurther raised lending rates to 6.56% and reservesrequirement for the banks to 21.5%.

Euro zone debt crisis is spreading to much largercountries like Italy and Spain. While the EuropeanUnion is struggling to contain the crisis, Irelandjoined Portugal and Greece as the third Euro-areanation to have its credit rating reduced to belowinvestment grade by the Rating Agency, Moodys.

Global Crude Oil Prices

After release emergency oil reserves by theInternational Energy Agency (IEC), Crude Oil priceswitnessed sharp fall in June, but recovered in July,despite slow-down in global industrial growth and

are continuing to be at an elevated level.

Indian Economy:

Industrial Production (IIP)

IIP in May2011 has dropped to nine-month low of5.6% as against 8.5% registered during the sameperiod a year ago.

User- Based Segmental Growth (YoY)

BasicGoods

CapitalGoods

IntermediateGoods

ConsumerGoods Aggregate

Feb-11 5.6% - 4.1% 5.8% 13.4% 6.5%

Mar-11 6.3% 15.4% 1.9% 11.3% 8.8%

Apr-11 6.9% 7.3% 4.5% 4.3% 5.8%

May-11 7.3% 5.9% 1.0% 5.4% 5.6%

April-May-11 7.0% 6.6% 2.6% 4.9% 5.7%

Dismal performance of IIP was due to drop in growthof Capital and Intermediate goods, while growthrate of consumer goods, which dropped sharply inApril2011, is continuing to be low. Slow YoY growthof these segments and MoM contraction is indicatingslow-down in the industrial activity.

Inflation (Based on WPI)

For Month-ended Y o Y % Increase

June 2011 9.45

May 2011 9.06

WPI inflation continues to be well above RBIscomfort level and to curb Inflationary expectations,RBI hiked policy rate by 50 bps in the first quartermonetary policy review and further hikes may notbe ruled out.

Foreign Trade

In quarter ending June2011, Indias exports haveregistered healthy growth but due to highcommodity prices, imports have also increased

sharply, giving rise to 17% increase in trade deficitover the corresponding period of the previous year.

In bn.US$

Q1'FY 12 Q1'FY 11YoYGrowth

1 Imports 110.6 81.2 36.2%

2 Exports 79.0 54.2 45.7%

3TradeDeficits (1-2) 31.6 26.98 17.1%

MONTHLY REPORT July 2011

UPDATE OF ECONOMY AND FINANCIAL MARKETS

IIP Growth Rate (As per New Series; Base: 2004-05 )


3/23

First-Quarter Review of Monetary Policy 2011-2012:

Highlights Increase in Repo rate by 50 basis points from

7.5% to 8%. Reverse Repo rate with a spread of 100 bps

adjusts to 7% and the Marginal Standing Facility(MSF) rate, with spread of 100 bps above theRepo rate, stands recalibrated at 9%.

Projection of real GDP growth for the currentyear retained at 8%.

Projection for WPI inflation for March 2012revised upward to 7% from 6%.

Non-food bank credit growth projection reviseddownwards from 19% to 18%.

Indicative projection of M3 growth for 2011-12revised from 16.0% to 15.5%.

Monsoon

During July2011, monsoon remained weak withcumulative rainfall for the country as a whole at86% of Long Period Average (LPA) against the IMDforecast of 93%. Cumulative rainfall during thismonsoon season, for the country as a whole, has sofar been 6% below the LPA. Region-wise departurefrom LPA is -5%.-2%,-1% and -18% for North West,Central, South Peninsula and East / North East Indiarespectively.

Debt Markets:

In line with the policy stance, RBI maintained tightliquidity conditions in the markets and the CallMoney rates during the month by and largeremained close to the Repo rate (7.50% / 8%)

Till announcement of monetary policy on 26th July,Bond Yields remained range bound. Againstexpectations of 25bps, hike in policy rate by 50 bpswas a negative surprise, giving rise to a sharp spikein the Bond Yields, across maturities. As at July end,10 Year benchmark yield closed at 8.45% ascompared to 8.33% as at June end.

Going forward, due to hawkish policy stance of RBI,Bond Yields are expected to remain hard. Yieldmovements will depend on the inflation levels andfurther rate actions by RBI.

Stock Markets:

During July, due to combination of domestic &international factors, equity markets remainedvolatile. On domestic front, signs of slowdown inCapex cycle, downgrades of GDP growth forecast forFY 12 and pressure on corporate margins added tothe continuing worries of high Inflation and elevatedlevel of Crude Oil prices. Debt crisis in Europe, slowdown of global economic growth rates and delayedincrease of debt ceiling by US Congress triggeredcorrection in the global markets. Global factors andhike in the policy rates by RBI, triggered correction

in our markets towards the end of the month.

During the month, Nifty and Sensex lost about 2.9%and 3.4% respectively. Amongst major sectoralindices Consumer Durables, FMCG, Reality andHealthcare sectors gained over the levels ofprevious month (between 0.4% and 1.5%). Metals,Capital Goods, Power, Oil & Gas, IT, Banking andAuto sectors lost over the levels of previous month(between 5% and 6.9%).

1QFY12 results, declared so far, are by and large onexpected lines with some margin compression and

slow down in Corporate earnings growth. Goingforward, Global developments, 1QFY12 results,commodity prices, interest rates movements, policyaction by Government and spread of monsoon mayinfluence trends in the market.

Equity Indices

Sensex Nifty

Close as on 31.07.11 18,197 5,482

Close as on 30.06.11 18,846 5,647

Change during Period -3.4% -2.9%


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PerformanceSummaryasonJuly29,2011

6 Months 1 Year 2 YearSince

NAVReturnsScheme Name Ince tion date AUM Rs. Cr NAV Rs.

InveSTAR

Inception

EquityFund 25/02/2009 94.10 19.64 1.18% 2.01% 7.43% 31.91%

GrowthFund* 25/02/2009 78.74 18.04 0.79% 3.00% 7.74% 27.28%

BalancedFund 18/02/2009 55.10 13.92 1.77% 2.39% 6.34% 14.49%

BondFund 25/02/2009 22.16 11.33 3.21% 4.46% 5.12% 5.50%

IndividualPensionFund Equity 31/03/2009 70.58 16.52 0.89% 2.11% 8.02% 24.06%

Absolute CAGR

Individual

Life@

InveSTAR

n v u a ens on un rowt . . . . . .

IndividualPensionFund Balanced 31/03/2009 47.49 13.22 1.52% 3.12% 6.60% 12.74%

IndividualPensionFund Bond 31/03/2009 11.95 11.30 3.18% 4.37% 5.71% 5.38%

ApexEquityFund 20/01/2010 232.58 10.73 0.66% 2.80% N.A 4.74%

ApexGrowthFund 20/01/2010 205.35 10.79 0.48% 4.50% N.A 5.12%

ApexBalancedFund 20/01/2010 117.92 10.89 1.48% 4.04% N.A 5.78%

ApexBondFund 20/01/2010 21.58 10.79 2.83% 4.61% N.A 5.15%

Individual

Apex

$

Pens onL e

@@

InveSTAR

n v ua ens on un pex qu y . . . . . .

IndividualPensionFund ApexGrowth 20/01/2010 106.10 10.49 0.26% 1.74% N.A 3.18%

IndividualPensionFund ApexBalanced 20/01/2010 48.07 10.57 0.68% 2.75% N.A 3.71%

IndividualPensionFund ApexBond 20/01/2010 15.38 10.79 3.04% 4.35% N.A 5.12%Individual

Life* ExpressBalancedFund 29/04/2011 3.95 10.26 N.A N.A N.A #2.62%

Pension

Apex $$

InveSTAR

@ ForDhanSuraksha,DhanSurakshaPremium,PrabhatTaraProducts #AbsoluteReturn

@@

For

Dhruv

Tara

Products

$ ForNewDhanSuraksha, NewDhanSurakshaPremium, NewPrabhatTara,

DhanSuraksha3,DhanSurakshaPremium3Products.

$$ ForNewDhruvTaraProducts* ForDhanSurakshaExpress

InveSTARInveSTAR


5/23

InvestmentObjective:

DateofInception:

February25,2009

Portfolio %toAUM

`

Equity 86.54% M inimum M aximum

Larsen&ToubroLimited 6.07% 80% 100% 86.54%RelianceIndustriesLtd 5.21% 0% 20% 13.46%StateBankofIndia 4.80%TataConsultancyServicesLimited 4.66%ITCLtd. 4.61%InfosysLtd 4.56%HousingDevelopmentFinanceCorporationLtd. 3.70%HDFCBankLtd 3.07%ICICIBankLtd 2.94%Dr.ReddysLaboratoriesLtd. 2.80%BajajAutoLimited 2.44%Mahindra&MahindraLtd. 2.25%GAIL(India)Limited 2.18%SterliteIndustries(India)Limited 2.14%HindustanUnileverLimited 2.13%SunPharmaceuticalsIndustriesLtd 2.08%HCLTechnologiesLtd 2.05%GrasimIndustriesLtd. 1.97%BhartiAirtelLimited 1.95%CiplaLtd. 1.89%

CRISILLiquidFundIndex 10%

Totapgrowthopportunitiesforlongtermcapitalappreciationthroughinvestmentsprimarilyinequityand

equityrelatedinstruments.

InvestmentPatternActual

AssetMixParticulars

Equity

MM&Others

EQUITY FUN D - JULY, 2011

Benchmark:

S&PCNXNifty 90%

Equity

86.54%

MM&Others

13.46%

AssetAllocation(%toAUM)

.TataMotorsLimited 1.81%HindalcoIndustriesLtd. 1.67%Oil&NaturalGasCorpnLtd 1.60%AdityaBirlaNuvoLimited 1.59%GodrejConsumerProductsLimited 1.53%Crompton GreavesLtd 1.46%TataSteelLimited 1.39%AxisBankLimited 1.35%BharatPetroleumCorpn.Ltd 1.26%TheIndianHotelsCompanyLimited 1.18%NTPCLimited 1.02%HindustanPetroleumCorporationLtd. 1.02%Others(with


6/23


DateofInception:

February25,2009

Portfolio %toAUM

`

Equity 58.06% Minimum Maximum

Larsen&ToubroLimited 4.37% 40% 100% 58.06%RelianceIndustriesLtd 3.84% 0% 60% 41.94%ITCLtd. 3.12%StateBankofIndia 2.90%TataConsultancyServicesLimited 2.88%InfosysLtd 2.87%HDFCBankLtd 2.50%BajajAutoLimited 2.26%HCLTechnologiesLtd 2.10%Oil&NaturalGasCorpnLtd 2.04%Dr.ReddysLaboratoriesLtd. 1.99%HindalcoIndustriesLtd. 1.93%CoalIndiaLimited 1.92%HousingDevelopmentFinanceCorporation Ltd. 1.91%ICICIBankLtd 1.90%HindustanUnileverLimited 1.71%GAIL(India)Limited 1.63%GrasimIndustriesLtd. 1.55%AxisBankLimited 1.44%AdityaBirlaNuvoLimited 1.43%RanbaxyLaboratoriesLtd 1.35%Mahindra&MahindraLtd. 1.11%SunPharmaceuticalsIndustriesLtd 1.06%

Equity

Debt,MM&Others

Toaimformediumtolongtermcapitalappreciationbymaintainingadiversifiedportfolioofequityand

equityrelatedinstrumentsandfairexposuretohighcreditqualityportfolioofdebtandmoneymarket

instruments.

InvestmentPattern Actual

AssetMixParticulars

GROW TH FUND - JULY, 2011

Benchmark:

S&PCNXNifty 70%

CRISILCompositeBondIndex 30%

Debt

29.11%

Equity

58.06%

MM&Others

12.84%


Gilt

5.61%AA

0.24%AA+

4.06%

DebtRatingProfile(%ofDebt)

NTPCLimited 1.04%Others(with


7/23


DateofInception:

February18,2009

Portfolio %toAUM

`


RelianceIndustriesLtd 2.82% 0% 60% 27.19%

InfosysLtd 2.42% 40% 100% 72.81%

Larsen&ToubroLimited 2.32%

StateBankofIndia 1.77%

ITCLtd. 1.66%

HousingDevelopmentFinanceCorporationLtd. 1.62%

Dr.ReddysLaboratoriesLtd. 1.41%

BajajAutoLimited 1.33%

ICICIBankLtd 1.13%

AdityaBirlaNuvoLimited 1.08%

Others(with


8/23


DateofInception:

February25,2009

Portfolio %toAUM

`

Debt 91.74% Minimum Maximum

Gilts&SDL 22.42% 80% 100% 91.74%

GOI 20.49% 0% 20% 8.26%

SDL Gujarat 1.30%

SDL(with


9/23


DateofInception:

March31,2009

Portfolio %toAUM

`


Larsen&ToubroLimited 6.85% 80% 100% 87.99%

StateBankofIndia 5.42% 0% 20% 12.01%

RelianceIndustriesLtd 5.38%

TataConsultancy ServicesLimited 5.31%

ITCLtd. 4.78%


InfosysLtd 3.42%


HCLTechnologies Ltd 2.76%

GAIL(India)Limited 2.61%HDFCBankLtd 2.57%


ICICIBankLtd 2.38%

SunPharmaceuticalsIndustriesLtd 2.15%

HindustanUnileverLimited 2.11%

GrasimIndustriesLtd. 2.03%

Mahindra&MahindraLtd. 1.99%


Godre Consumer Products Limited 1.82%

MM&Others

Toseekconsistentlongtermcapitalappreciationthroughinvestmentsprimarilyinequityandequityrelated

instrumentsbyfocusingpredominantlyonwellestablishedcompanies.

AssetMix

ParticularsInvestmentPattern

Actual

INDIVIDUAL PENSION FUND EQUITY - JULY, 2011

Benchmark:

S&PCNXNifty 90%


Equity

Equity

87.99%

MM&Others

12.01%


.

PunjabNationalBank 1.81%

HindustanPetroleumCorporationLtd. 1.79%

HindalcoIndustriesLtd. 1.78%

TataMotorsLimited 1.71%

Oil&NaturalGasCorpnLtd 1.58%

CoalIndiaLimited 1.55%

BhartiAirtelLimited 1.55%SterliteIndustries(India)Limited 1.54%

NTPCLimited 1.44%

Crompton GreavesLtd 1.41%

IdeaCellularLimited 1.20%

TheIndianHotelsCompanyLimited 1.15%

TataSteelLimited 1.14%

Others(with


10/23


Toseekconsistentgrowthovermediumto longterm byfocusingpredominantly onwellestablished

companiesthroughinvestments primarilyinequityandequityrelatedinstruments andfairexposureto

highcreditqualityportfolioofdebtandmoneymarketinstruments.

INDIVIDUAL PENSION FUND GROWTH - JULY, 2011

a eo ncep on:

March31,2009

Portfolio %toAUM

`


Larsen&ToubroLimited 5.43% 40% 100% 63.64%RelianceIndustriesLtd 4.38% 0% 60% 36.36%TataConsultancyServicesLimited 3.76%

Equity

Debt,MM&Others

AssetMixParticulars Investment

Pattern Actual

enc mar :

S&PCNXNifty 70%


. .StateBankofIndia 3.15%InfosysLtd 2.97%HousingDevelopmentFinanceCorporationLtd. 2.57%HDFCBankLtd 2.39%Dr.ReddysLaboratoriesLtd. 2.07%AdityaBirlaNuvoLimited 1.98%ICICIBankLtd 1.93%Oil&NaturalGasCorpnLtd 1.93%HCLTechnologiesLtd 1.88%BajajAutoLimited 1.84%

Debt

29.64%

Equity

63.64%

MM&Others

6.71%


HindustanUnileverLimited 1.70%AxisBankLimited 1.51%GAIL(India)Limited 1.47%GrasimIndustriesLtd. 1.42%Mahindra&MahindraLtd. 1.38%CoalIndiaLimited 1.38%SunPharmaceuticalsIndustriesLtd 1.34%RanbaxyLaboratoriesLtd 1.31%HindalcoIndustriesLtd. 1.23%TataSteelLimited 1.13%GodrejConsumerProductsLimited 1.13%

Debt

29.64%

Equity

63.64%

MM&Others

6.71%


Gilt

4.92%AA

1.13%

AA+

8.57%


SterliteIndustries(India)Limited 1.12%Others(with


11/23


DateofInception:

March31,2009

Portfolio %toAUM

`

Equity 26.73% M inimum Maxi mum

InfosysLtd 2.75% 0% 60% 26.73%

RelianceIndustriesLtd 2.65% 40% 100% 73.27%

ITCLtd. 2.30%

Larsen&ToubroLimited 2.06%


ICICIBankLtd 1.53%




Others(with


12/23


DateofInception:

March31,2009

Portfolio %toAUM

`

Debt 92.70% M inimum M aximum

Gilts&SDL 13.75% 80% 100% 92.70%

GOI 7.79% 0% 20% 7.30%

SDL AP 2.32%

SDL Gujarat 1.60%

SDL Kerala 1.57%

SDL(with


13/23


DateofInception:

January20,2010

Portfolio %toAUM

`

Equity 85.48% Minim um Max im um


TataConsultancyServicesLimited 5.04% 0% 20% 14.52%

ITCLtd. 4.18%




InfosysLtd 3.90%

HDFCBankLtd 3.52%


AxisBankLimited 3.08%



ICICIBankLtd 2.51%


HCLTechnologiesLtd 2.37%





APEX EQUITY FUND - JULY, 2011

Totapgrowthopportunitiesforlongtermcapitalappreciation throughinvestmentsprimarilyinequityand

equityrelatedinstruments.


AssetMix

Particulars

Equity

MM&Others

Benchmark:

S&PCNXNifty 90%


Equity

85.48%

MM&Others

14.52%


a n ra a n ra . .


SterliteIndustries(India)Limited 1.67%


BhartiAirtelLimited 1.64%


GAIL(India)Limited 1.17%

HindustanPetroleumCorporationLtd. 1.12%

TataPowerCo.Ltd. 1.07%


CadilaHealthcareLimited 1.04%

GodrejConsumerProductsLimited 1.00%

Others(with


14/23


DateofInception:

January20,2010

Portfolio %toAUM

`



TataConsultancy ServicesLimited 3.58% 15% 45% 37.26%



ITCLtd. 2.81%



InfosysLtd 2.52%


HDFCBankLtd 2.34%




ICICIBankLtd 1.87%







Grasim Industries Ltd. 1.40%

APEX GROWTH FUND - JULY, 2011

Toaimformediumtolongtermcapitalappreciationbymaintainingadiversifiedportfolioofequityand

equityrelatedinstrumentsandfairexposuretohighcreditqualityportfolioofdebtandmoneymarket

instruments.


AssetMix

Particulars

Equity

Debt,MM&Others

Benchmark:

S&PCNXNifty 70%


Debt

26.26%

Equity62.74%

MM&Others

11.00%


Gilt

19.67%

AA+

2.75%


. .



Others(with


15/23


DateofInception:

January20,2010

Portfolio %toAUM

`



InfosysLtd 2.53% 35% 65% 56.68%


ITCLtd. 2.29%


TataConsultancyServicesLimited 2.00%

HDFCBankLtd 1.84%







HindustanUnileverLimited 1.35%HindalcoIndustriesLtd. 1.18%


ICICIBankLtd 1.01%

Others(with


16/23


DateofInception:

January20,2010

Portfolio %toAUM

`

Debt 84.82% Minim um Max im um

Gilts&SDL 32.73% 80% 100% 84.82%

GOI 29.81% 0% 20% 15.18%

StateGovt Maharashtra 1.09%

SDL(with10years

29.63%

11.59%

31.66%

27.12%

DebtMaturityProfile(%ofDebt)

Debt

84.82%

MM&Others

15.18%


Gilt

38.58%

AAA

57.02%

AA+

4.40%


9.8

10.0

10.2

10.4

10.6

10.8

11.0

Jan10

Feb

10

Mar10

Apr10

May10

Jun10

Jul10

Aug10

Sep10

Oct10

Nov10

Dec10

Jan11

Feb

11

Mar11

Apr11

May11

Jun11

Jul11

NAV/UNIT(Rs)

NAVPerformance(SinceInception)

ApexBo nd Ben chm ar k


17/23


DateofInception:

January20,2010

Portfolio %toAUM

`



TataConsultancyServicesLimited 5.26% 0% 20% 12.10%




ITCLtd. 4.02%

InfosysLtd 3.56%

HDFCBankLtd 3.36%





ICICIBankLtd 2.54%







BhartiAirtelLimited 1.82%

MM&Others

Toseekconsistentlongtermcapitalappreciation throughinvestmentsprimarilyinequityandequity

relatedinstrumentsbyfocusingpredominantlyonwellestablishedcompanies.

AssetMix

ParticularsInvestmentPattern

Actual

INDIVIDUAL PENSION FUND APEX EQUITY - JULY, 2011

Benchmark:

S&PCNXNifty 90%


Equity

Equity

87.90%

MM&Others

12.10%







GlenmarkPharmaceuticalsLtd. 1.61%

HindustanPetroleumCorporationLtd. 1.54%SterliteIndustries(India)Limited 1.49%





CiplaLtd. 1.02%

Others(with


18/23


DateofInception:

January20,2010

Portfolio %toAUM

`

Equity 62.92% M inim um M ax im um


ITCLtd. 3.76% 15% 45% 37.08%



InfosysLtd 2.97%








HDFCBankLtd 1.90%

ICICIBankLtd 1.79%









Dr Redd s Laboratories Ltd 1 24%

Debt,MM&Others

Toseekconsistentgrowthovermediumtolongterm byfocusingpredominantlyonwellestablished

companiesthroughinvestmentsprimarilyinequityandequityrelatedinstrumentsandfairexposuretohigh

creditqualityportfolioofdebtandmoneymarketinstruments.

AssetMix

Particulars InvestmentPattern Actual

INDIVIDUAL PENSION FUND APEX GRO WTH - JULY, 2011

Benchmark:

S&PCNXNifty 70%


Equity

Debt

29.82%

Equity

62.92%

MM&Others

7.26%


Gilt

18.03%

AA+

6.34%


. . .






KotakMahindraBankLimited 1.06%

Others(with


19/23


DateofInception:

January20,2010

Portfolio %toAUM

`



InfosysLtd 2.69% 35% 65% 52.91%



HDFCBankLtd 2.13%







ITCLtd. 1.47%



ICICIBankLtd 1.40%

RanbaxyLaboratoriesLtd 1.19%




CiplaLtd. 1.02%

Others(with


20/23


DateofInception:

January20,2010

Portfolio %toAUM

`

Debt 90.12% Minim um Max im um

Gilts&SDL 31.94% 80% 100% 90.12%

GOI 19.96% 0% 20% 9.88%

SDL Gujarat 5.29%

StateGovt Maharashtra 4.58%

SDL AP 1.61%

SDL(with10years

26.99%

22.34%

44.06%

6.62%


Debt

90.12%

MM&Others

9.88%


Gilt

35.45%

AAA

58.04%

AA+

6.51%


9.8

9.9

10.0

10.1

10.2

10.3

10.4

10.5

10.6

10.7

10.8

10.9

11.0

Jan10

Feb

10

Mar10

Apr10

May10

Jun10

Jul10

Aug10

Sep10

Oct10

Nov10

Dec10

Jan11

Feb

11

Mar11

Apr11

May11

Jun11

Jul11

NAV/UNIT(Rs)

NAVPerformance(SinceInception)

PenApexBo nd Ben ch mar k


21/23


DateofInception:

April29,2011

Portfolio %toAUM

`


BhartiAirtelLimited 2.77% 0% 60% 30.20%ICICIBankLtd 2.63% 40% 100% 69.80%BajajAutoLimited 2.61%TataConsultancyServicesLimited 2.59%HDFCBankLtd 2.47%CoalIndiaLimited 2.46%HCLTechnologiesLtd 2.29%Larsen&ToubroLimited 2.19%HindalcoIndustriesLtd. 2.13%Oil&NaturalGasCorpnLtd 2.05%Cadila

Healthcare

Limited 1.66%

AdityaBirlaNuvoLimited 1.21%SunPharmaceuticalsIndustriesLtd 1.15%Others(with10years

43.54%

21.93%

2.21%

32.31%


Debt

23.46%

Equity

30.20%

MM&Others

46.34%


Gilt

20.90%

AAA

79.10%


9.5

9.6

9.79.8

9.9

10.0

10.1

10.2

10.3

10.4

NAV/UNIT(Rs)

NAVPerformance(SinceInception)ExpressBalancedF und Be nchma rk


22/23

RiskFactors

Thisdocumenthasbeenpreparedforthepurposeofprovidinggeneralinformation

only. Unit Linked Life Insurance products are different from the traditional insurance

productsandaresubjecttovariousriskfactors. Customers should take into account their personal investment objectives, risk

appetiteandotheraspectsoftheirfinancialsituationbeforemakingan investmentdecision.

Unit linkedpoliciesaresubjecttomarketrisksassociatedwithcapitalmarketsandNAVs of units may go up or down based on the performance of fund and factorsinfluencingthecapitalmarketandthecustomershavetoconsiderthisaspectwhiletakinganydecision.

SUDLifeshallnotberesponsibleforanylossescausedoranyclaimsthatariseduetoinvestmentsmadebasedonthisdocument.

Customersareadvisedtonotethatthedetailsarebasedonpastperformanceandarenotindicativeofitsfutureprospectsorreturns.

All efforts have been made to ensure accuracy of the contents of this document,however,SUDLifeshallnotbeheldresponsibleforanyerrorsoromissions.


23/23

DisclaimersrelatedtoBenchmarkIndicesCRISILCompositeBondIndexandCRISILLiquidFundIndex

CRISILhastakenduecareandcautionincompilationofdata.InformationhasbeenobtainedbyCRISILfrom sources it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy orcompletenessoftheinformationandisnotresponsibleforanyerrorsoromissionsorfortheresultsobtained from the use of such information. CRISIL is not responsible for any errors in datareproduction.CRISILespeciallystatesthat ithasnofinancial liabilitywhatsoevertothesubscribers/users/

transmitters/

distributors

of

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S&PCNXNIFTYTheIndividualLife,PensionLife,IndividualApexLifeandPensionApexLife fundsrelatedtoEquity,BalancedandGrowthschemes;andalsoIndividualLifeExpressBalancedFund, offeredbySUDLifeInsuranceCo.Ltdarenotsponsored,endorsed,soldorpromotedbyIndiaIndexServices&ProductsLimited("IISL")orS&Panditsaffiliates.S&PandStandardandPoorsaretrademarksofStandard&PoorsFinancialServicesLLC,andhavebeenlicensedforusebyIndiaIndexServices&ProductsLimitedinconnectionwiththeS&PCNXNiftyIndex.Neither IISL nor S&P and its affiliates makes any representation or warranty, express or implied(including warranties of merchantability or fitness for particular purpose or use) to the owners ofaforesaid schemesoranymemberof thepublic regarding theadvisabilityof investing insecuritiesgenerallyorinaforesaidschemeslinkedtoS&PCNXNiftyIndexorparticularlyintheabilityofthesaidIndextotrackgeneralstockmarketperformanceinIndia.

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InveSTAR Fact Sheet July 2011