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

During the month equity markets fell ~2.5% after touching all-time highs. Globally, Government and Central Banks are providing additional stimulus measures and Covid-19 vaccine roll outs are underway. Among the sectors, Auto, Telecom and IT outperformed while Pharma, Metals and Energy underperformed the Nifty during the month. According to Bloomberg, during the month, FIIs were net buyers to the tune of about Rs 145bn, while domestic mutual funds sold around Rs130bn .

Index of Industrial Production contracted 1.9% in November compared to an expansion of 3.6% in October. CPI inflation moderated to 4.6% in December as against 6.9% in November. WPI inflation cooled to 1.2% in December against 1.6% in November.

The bond market traded in a narrow range in during the month. The 10 year benchmark G-Sec (5.85% GOI 2030) closed 1 bps higher at 5.91% as against 5.90% last month .

EQUITY

The Government’s clear focus in the Budget has been pro-growth and a higher outlay for capital expenditure would likely act as a catalyst to kick start the investment cycle. Impending economic recovery would be further supplemented by likely improvement in overall lending environment and cleaning-up of PSU bank’s balance sheet. With corporate earnings already witnessing a normalisation/improvement, equity market sentiment would be further buoyed by execution of major budget reforms. Investors should use this opportunity to build a long term portfolio of quality stocks.

FIXED INCOME

With Union Budget giving more weightage to growth over fiscal consolidation, projected fiscal deficit came higher than market expectation. However, RBI’s assurance towards maintaining accommodative policy stance till FY 2022 and conduct of non-disruptive Government Borrowing programme is likely to support the market. Moreover, expectation of falling inflation owing to economic normalisation and likely cool off in food prices will further support market sentiment. Sizeable liquidity infusion and softer interest policy of global central banks will continue to help domestic market. Going forward over the medium term, market trend is likely to be guided by evolving demand supply dynamics, currency movement and FPI flows.

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 26-Feb-2021

  • Sr. No.1

  • Fund

  • Segregated Fund Identification No.

  • NAV

1 Balanced fundULIF 001 18/02/09 SUD-LI-BL1 14228.7667SD001
2 Equity FundULIF 002 25/02/09 SUD-LI-EQ1 14250.8380SD002
3 Bond FundULIF 004 25/02/09 SUD-LI-BN1 14223.2190SD003
4 Growth FundULIF 003 25/02/09 SUD-LI-GR1 14245.3324SD004
5 Individual Pension Fund - EquityULIF 005 31/03/09 SUD-PI-EQ1 14243.5741SD005
6 Individual Pension Fund - BondULIF 008 31/03/09 SUD-PI-BN1 14223.0155SD006
7 Individual Pension Fund - GrowthULIF 006 31/03/09 SUD-PI-GR1 14236.5221SD007
8 Individual Pension Fund - BalancedULIF 007 31/03/09 SUD-PI-BL1 14227.8215SD008
9 Apex Equity FundULIF 009 20/01/10 SUD-LA-EQ1 14228.5431SD009
10 Apex Bond FundULIF 012 20/01/10 SUD-LA-BN1 14222.0940SD010
11 Apex Growth FundULIF 010 20/01/10 SUD-LA-GR1 14227.4331SD011
12 Apex Balanced FundULIF 011 20/01/10 SUD-LA-BL1 14226.4006SD012
13 Individual Pension Fund - Apex EquityULIF 013 20/01/10 SUD-PA-EQ1 14228.7980SD013
14 Individual Pension Fund - Apex BondULIF 016 20/01/10 SUD-PA-BN1 14221.4342SD014
15 Individual Pension Fund - Apex GrowthULIF 014 20/01/10 SUD-PA-GR1 14227.2575SD015
16 Individual Pension Fund - Apex BalancedULIF 015 20/01/10 SUD-PA-BL1 14225.6210SD016
17 Express Balanced FundULIF 017 29/04/11 SUD-LX-BL1 14222.0194SD017
18 Discontinued FundULIF 018 03/06/11 SUD-UL-DP1 14218.8703SD018
19 Individual Life - Bluechip Equity FundULIF 019 11/12/13 SUD-LI-EQ2 14221.9066SD019
20 Individual Life - Income FundULIF 020 11/12/13 SUD-LI-BN2 14216.4858SD020
21 Individual Life - Growth Plus FundULIF 023 11/12/13 SUD-LI-GR2 14220.7559SD023
22 Individual Life - Balanced Plus FundULIF 024 11/12/13 SUD-LI-BL2 14218.8532SD024
23 Unclaimed Policies Unit Linked FundULIF 025 09/11/16 SUD-LN-UUF14212.8989SD029
24 Group Debt FundULGF 003 20/03/15 SUD-GN-BN1 14214.6061SD027
25 Group Money Market FundULGF 004 20/03/15 SUD-GN-MM1 14210.6829SD028
26 Group Balanced FundULGF 002 20/03/15 SUD-GN-BL1 14211.1781SD026
27 Individual Life - Mid Cap FundULIF 026 14/10/19 SUD-LI-MID 14211.2609SD030
28 Individual Life - Gilt FundULIF 027 14/10/19 SUD-LI-GLT 14210.4558SD031
Fund Philosophy

FUND
MANAGEMENT
TEAM

Get to know the
fund management team
at our company
01

Mr. Y. Venkata Rao

CHIEF INVESTMENT OFFICER

Qualifications: M.B.A

Experience: Over three decades of experience in the life insurance industry across verticals - investment, marketing, H.R, training and operations. Managed various assignments in equity, fixed income, and credit rating. Prior to joining the company, he was the Chief Investment Officer at LIC Mutual Fund.

Guest speaker at various Management and Training institutes, including National Insurance Academy (NIA).

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. Dwaipayan Poddar

DEALER- EQUITY

Qualifications: MBA in Financial Markets from ITM Business School.

Experience:​ Over 9 years of experience in capital markets specializing in investment research, technical analysis, equity & fixed income.​

Prior to joining the company​, he was managing proprietary trading book in a foreign bank for more than 3 years. He was also associated with large equity brokerages in the past.

08

Mr. Asijit Sen

CREDIT ANALYST

he was working with Government of India- Department for Promotion of Industry and Internal Trade for 5 years.

09

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.

10

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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