FUND PHILOSOPHY

Contained headline inflation and slower growth is positive for fixed income market. It will not only help RBI to infuse necessary durable system liquidity but also opens up the possibility of further rate cuts. Global growth inflation dynamics also prompted other key central banks to maintain their growth supportive stance. All these factors are favourable for the domestic fixed income market. Hence, in the near term interest rate movement is likely to be range bound with softer bias. However, over the medium term, Government’s commitment towards fiscal deficit target, crude price movement, progress of monsoon and FII flows are likely to impact the market sentiment.

OVERVIEW OF MARKET

Nifty fell 3% in the month of May, with global supply constraints and geo political tensions outweighing a strong domestic recovery. During the first half of the month, external headwinds continued to dent the economic outlook. The US Fed hiked its policy rate by 50 bps, in line with market expectations, with focus on containing multi-decade high inflation. Domestically, the economy consolidated its path towards recovery notwithstanding global uncertainities. To address rising inflationary situation, the government cut duties on fuel, steel, coal and other commodities. Mobility indicators continued to improve and labour participation has picked-up in both urban and rural constituents. Among the sectors, Auto, FMCG & Financials outperformed while Metals, Realty, IT & Pharma underperformed Nifty during the month. As per bloomberg data, during the month, FIIs sold ~Rs 543 bn, while domestic mutual funds bought ~Rs 274 bn.

EQUITY

Global equity markets are likely to track central bank actions, inflation trajectory, geopolitical developments & economic growth outlook. Domestically, policy measures such as interest rate hikes, excise cut & export duties are likely to aid in curbing inflation. Q4FY22 corporate earnings were resilient & a steady demand environment coupled with input cost stabilization may support earnings going forward. Normal monsoon forecast is likely to bolster the rural economy while keeping food inflation under check. While policy tightening may impact short term growth outlook, medium term growth drivers such as government thrust on infrastructure & manufacturing, robust balance sheets of corporates & banks, improving real estate demand & gradual recovery in private capex, remain intact. Continuing FII outflows & elevated energy costs are key near-term concerns, leading to volatile equity markets in short term. From a long-term perspective, equity markets continue to remain attractive with structural improvements underpinning strong corporate earnings outlook.

FIXED INCOME

Economic recovery, as represented by the recent GDP growth, reflects underlying strength despite external headwinds. While credit off-take accelerated across the sectors, continued headwinds from slump in global demand, higher domestic infaltion, elevated crude prices and faster than expected policy normalisation could halt this momentum in the coming months. Though the RBI has shifted its focus from supporting economic recovery to controlling inflation, the market has already priced-in lot of adverse developments including some of the upcoming tightening in the policy rates. The near-term market movement will be primarily guided by upcoming RBI MPC and US Fed policy meetings, and the medium-term outlook will track the evolving geopolitical developments, crude prices, currency movement, fiscal trend of the Government and pace of policy normalisation by global central banks and RBI.

INVESTOR PHILOSOPHY

Provide customers with the best solutions & services

Vision
To be the preferred Life Insurer; to ensure Safety, Liquidity and Profitability of funds, encompassing integrity and transparency in its operations, with an overall objective to meet the Reasonable Expectations of Policyholders.

Objectives

  • To invest the funds in matching assets, to the extent possible, so as to meet the liabilities as and when due
  • To effectively manage the portfolio of investments to yield optimum return
  • To be compliant with all Regulatory norms and to follow prudent practices in operations
  • To carry out the fund management activities in a cost efficient manner

COMPANY INITIATIVE

Constant growth and development

Attract and retain talent and imparts training to the manpower to develop the needed skill sets; In-house Research team and framework for informed fund management decisions. State of the art Investment Management System seamlessly integrating the Front, Mid and Back offices, to effectively manage risks, investment accounting, MIS etc

MODIFIED NAVCOMPUTATION

As per IRDA Circulars ref: IRDA/F&I/CIR/INV/173/08/2011 dated July 29, 2011 and IRDA/F&I/CIR/INV/187/08/2011 dated August 17, 2011, computation of Net Asset Value stands modified with effect from August 18, 2011, as below:

OLD METHOD NEW METHOD

Fund Nav

NAVs (in Rs) as on 29-Jun-2022

  • Sr. No.1

  • Fund

  • Segregated Fund Identification No.

  • NAV

1 Balanced fundULIF 001 18/02/09 SUD-LI-BL1 14230.2366SD001
2 Equity FundULIF 002 25/02/09 SUD-LI-EQ1 14253.8794SD002
3 Bond FundULIF 004 25/02/09 SUD-LI-BN1 14223.8515SD003
4 Growth FundULIF 003 25/02/09 SUD-LI-GR1 14248.2693SD004
5 Individual Pension Fund - EquityULIF 005 31/03/09 SUD-PI-EQ1 14246.1068SD005
6 Individual Pension Fund - BondULIF 008 31/03/09 SUD-PI-BN1 14223.7031SD006
7 Individual Pension Fund - GrowthULIF 006 31/03/09 SUD-PI-GR1 14238.3839SD007
8 Individual Pension Fund - BalancedULIF 007 31/03/09 SUD-PI-BL1 14229.6945SD008
9 Apex Equity FundULIF 009 20/01/10 SUD-LA-EQ1 14230.5243SD009
10 Apex Bond FundULIF 012 20/01/10 SUD-LA-BN1 14223.3008SD010
11 Apex Growth FundULIF 010 20/01/10 SUD-LA-GR1 14229.4164SD011
12 Apex Balanced FundULIF 011 20/01/10 SUD-LA-BL1 14228.0859SD012
13 Individual Pension Fund - Apex EquityULIF 013 20/01/10 SUD-PA-EQ1 14230.7882SD013
14 Individual Pension Fund - Apex BondULIF 016 20/01/10 SUD-PA-BN1 14222.5518SD014
15 Individual Pension Fund - Apex GrowthULIF 014 20/01/10 SUD-PA-GR1 14228.8452SD015
16 Individual Pension Fund - Apex BalancedULIF 015 20/01/10 SUD-PA-BL1 14227.4307SD016
17 Express Balanced FundULIF 017 29/04/11 SUD-LX-BL1 14223.1525SD017
18 Discontinued FundULIF 018 03/06/11 SUD-UL-DP1 14219.7136SD018
19 Individual Life - Bluechip Equity FundULIF 019 11/12/13 SUD-LI-EQ2 14223.2597SD019
20 Individual Life - Income FundULIF 020 11/12/13 SUD-LI-BN2 14217.1581SD020
21 Individual Life - Growth Plus FundULIF 023 11/12/13 SUD-LI-GR2 14221.9878SD023
22 Individual Life - Balanced Plus FundULIF 024 11/12/13 SUD-LI-BL2 14219.8223SD024
23 Unclaimed Policies Unit Linked FundULIF 025 09/11/16 SUD-LN-UUF14213.4588SD029
24 Group Debt FundULGF 003 20/03/15 SUD-GN-BN1 14215.1275SD027
25 Group Money Market FundULGF 004 20/03/15 SUD-GN-MM1 14211.1695SD028
26 Group Balanced FundULGF 002 20/03/15 SUD-GN-BL1 14211.8655SD026
27 Individual Life - Mid Cap FundULIF 026 14/10/19 SUD-LI-MID 14212.5835SD030
28 Individual Life - Gilt FundULIF 027 14/10/19 SUD-LI-GLT 14210.6315SD031
29 Dynamic FundULIF 028 11/06/21 SUD-LI-DYN 1429.8458SD032
30 Money Market FundULIF 029 11/06/21 SUD-LI-MMF 14210.2014SD033
Fund Philosophy

FUND
MANAGEMENT
TEAM

Get to know the
fund management team
at our company
01

Mr. Prashant Sharma

CHIEF INVESTMENT OFFICER

Qualifications: CA, CFA

Experience: More than two decades of experience of handling Investments. Prashant has been responsible for overall investment portfolios, formulating investment policies, generating reasonable returns and appropriate risk management. He has been also responsible for Corporate Strategy, Products, MIS and Assurance services in his previous roles and has been an active member of Executive Committee and Steering committees. Prior to joining the company, he was Chief Investment Officer at Aviva Life Insurance. He was also associated with Max Life Insurance in the capacity of Chief Investment Officer in the past

02

Mr. Ram Kamal Samanta

HEAD OF FIXED INCOME AND FUND MANAGER

Qualifications: Post--graduation in Economics from JNU, PGDBA with specialisation in Finance, Chartered Financial Analyst (CFA – ICFAI India), certified Financial Risk Manager (FRM from GARP USA) and Certified Associate of Indian Institute of Bankers (CAIIB).

Experience: More than 18 years of experience in financial markets (both fixed income and equity) as a research analyst and fund manager. Prior to joining SUD Life, he was with SBI DFHI LTD as Vice President, Investment for 13 years.

Guest speaker at various reputed institutes including Indian Institute of Management (IIM) Kolkata, National Institute of Securities Market (NISM) and National Institute of Bank Management (NIBM) Pune.

03

Mr. Sumit Poddar

HEAD OF EQUITY AND FUND MANAGER

Qualifications: Chartered Accountant Rank holder in Intermediate CA.

Experience: More than 17 years of experience in financial markets as fund manager, equity research analyst and business analyst. Prior to joining SUD Life, he was with Aditya Birla Sunlife Insurance Co Ltd. as a fund manager and senior equity analyst in their investments department for over 11 years. He has managed funds with diverse mandates and has beaten the benchmark consistently.

Guest speaker at various reputed institutes including Sinhgad Institute of Management, Chartered Accountants associations

04

Mr. Jagdish Bhanushali

FUND MANAGER - EQUITY

Qualifications: CFA (CFA Institute) & FRM (Global Association of Risk Professional)

Experience: More than nine years’ experience as a fund manager and equity Research Analyst in Indian Equity market. Prior to joining SUD Life he was a senior equity analyst with Florintree Advisors Pvt. Ltd.

Earlier associated as guest faculty with Mithibai College of Science & Commerce and SIES College of Commerce & Economics.

05

Mr. Lakshman Chettiar

FUND MANAGER – FIXED INCOME

Qualifications: MBA in Finance from IES College of Management Studies​.

Experience:​ Over 11 years of experience as Fixed Income Fund manager, Senior Research Analyst (Valuation of Fixed Income) and in Banking.​

Prior to joining the company, he was working with CRISIL limited. He was also associated with Mata Securities Ltd. and Indusind Bank Ltd. in the past.

06

Mr. Ankit Shah

EQUITY RESEARCH ANALYST

Qualifications: BE Electronics (Mumbai University)

Experience:​ Over 9 years of total experience across Equity Research, Investment Banking and Information Technology.

07

Mr. Adam Rosario

RESEARCH ANALYST

A qualified Chartered Accountant, he started his career with SUD Life in March 2016 and has worked across investment verticals in the back office as well as with front office for equities.

08

Mr. Anirudh Venkatraman

FIXED INCOME DEALER

A qualified Chartered Accountant, he began working with SUD Life in May 2016 and has worked across functions - back office, mid office, and is currently with the front office on fixed income.

11

Mr. Hasmukh Vishariya

EQUITY RESEARCH ANALYST​

A qualified Chartered Accountant started his career with the company in October 2017

CHANGE IN VALUATION OF EQUITY

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