an analysis on ulip funds of tata aig

INTRODUCTION

Insurance may be described as a social device to reduce or eliminate risk

of loss to life and property Insurance is a collective bearing of risk Insurance is a

financial device to spread the risks and losses of few people among a large number

of people as people prefer small fixed liability instead of big uncertain and

changing liability

Insurance can be defined as a ldquolegal contract between two parties where by

one party called insurer undertakes to pay a fixed amount of money on the

happening of a particular event which may be certain or uncertainrdquo The other

party called insured pays in exchange a fixed sum known as premium Insurance is

desired to safeguard oneself and onersquos family against possible losses on account of

risks and perils It provides financial compensation for the losses suffered due to

the happening of any unforeseen events

CHARACTERSTICS OF INSURANCE

1 Sharing of risks

2 Cooperative device

3 Evaluation of risk

4 Payment on happening of a special event

1

UNIT LINKED INSURANCE PLAN

ULIP stands for Unit Linked Insurance Plans As we know that insurance is

for protecting our life from the any uncertain events like death or accident The

purpose of the normal insurance plan is just protecting the life but not ensuring any

savings for the future Many

People wanted plan which gives protection also gives the returns for their

investment So

Insurance companies come up with the ULIP plan where the premium about is

invested in the

Share market and returns better income on the maturity period

A policy which provides for life insurance where the policy value at

time varies according to the underlying assets at the time

Unit linked insurance plans (ULIP) is life insurance solution that

Provides client with the benefits of flexibility in investment

The investment is denoted as units and is represented by the value that

it has attained called as NET ASSET VALUE (NAV)

In todayrsquos times ndashULIP provides solutions for all the needs of a client

like insurance planning financial needs financial needs for childrenrsquos future and

retirement planning

BENEFITS OF UNIT LINKED PLAN

2

ULIP distinguishes itself through the multiple benefits that it provides

to the consumer The plan is a one stop solution providing

1 Life protection

2 Investment and Savings

Market linked fund based on risk profile

Switch option

Premium redirection

Automatic transfer plan (ATP)

3 Flexibility of cover continuance

4 Transparency

5 Extra protection with riders

NEED FOR THE STUDY

3

Insurance is desired to safeguard oneself and onersquos family against

possible losses on account of risks and perils It provides financial compensation

for the losses suffered due to the happening of any unforeseen events

By taking life insurance a person can have peace of mind and cot

worry about the financial consequences in case of any untimely death

In spite of all these the insurance companies are now a dayrsquos offering

the schemes which are marker linked which are otherwise popular as ULIPrsquoS

1 The study is to know what are linked insurance plans and the various

ULIPrsquoS schemes offered by RELIANCE LIFE INSURANCE

2 To study the different fund options available is all the ULIPrsquoS

offered by RELIANCE LIFE INSURANCE

3 The study is to evaluate and know the performance of marked funds

4 To suggest any measures if any based of NAV with regard to

diversification in the fundrsquos portfolio

SCOPE OF THE STUDY

4

The study was taken up to Evaluate Performance of ULIPrsquoS in life

insurance businesses which are now a dayrsquos popular The scope of the study is

restricted to the ULIPrsquoS performance along with the fundrsquos performance in

RELIANCE LIFE INSURANCE

OBJECTIVES OF THE STUDY

5

1 To discuss the relevance of insurance and private life insurance

companies

2 To identify various ULIPrsquoS offered by RELIANCE LIFE INSURANCE

3 To know the advantages and disadvantages of ULIPrsquoS at different

circumstance in the Bouncing market

4 To evaluate the performance of all the ULIPrsquoS in RELIANCE LIFE

INSURANCE

5 To know the different fund options available in ULIPrsquoS

6 To evaluate the performance of funds and itrsquos NAVrsquoS based on returns

and risk

METHODOLOGY

6

The study has been conducted by making use of both primary and

secondary data

Primary Data

The primary data has been collected by interaction with the officials of

RELIANCE LIFE INSURANCE palasa ndashkasibugga

Secondary Data

Secondary data has been collected from RELIANCE LIFE INSURANCE

broachers from internet web site wwwRLScom and news papers and magazines

LIMITATIONS OF THE STUDY

7

In spite of honest and sincere efforts there are some limitations as stated

below

There is no depth information given in the investment options by the branch

The company has not disclosed the total statistical information with regard

to the fund performance

INDUSTRY PROFILE

8

11 MEANING OF INSURANCE

Insurance may be described as a social device to reduce or eliminate risk of loss to

life and property Insurance is a collective bearing of risk Insurance is a financial

device to spread the risks and losses of few people among a large number of

people as people prefer small fixed liability instead of big uncertain and changing

liability Insurance can be defined as a ldquolegal contract between two parties where

by one party called insurer undertakes to pay a fixed amount of money on the






12 IMPORTANCE OF INSURANCE

Insurance constitutes one of the major segments of the financial market Insurance

services play predominant role in the process of financial intermediary Today

insurance industry is one of the most growing sectors in India There is lot of

potential in the Indian Insurance Industry There are many issues which require

study The scope of the study of insurance industry of India would be very great as

there are ongoing developments in the industry after the opening of the sector The

major issue right now is the hike in FDI (Foreign Direct Investment) limit from

26 to 49 in the insurance sector Government may in near future allow 49

FDI in Insurance This would lead to more capital inflow by foreign partners

Another major issue is the effects on LIC after the entry of private players in the

9

market Though market share of LIC has been affected it has improved There are

number of other hot topics like penetration of Health Insurance Rural marketing of

insurance new distribution channels new product ranges insurance brokersrsquo

regulation incentive scheme of development officers of LIC etc So it offers lot of

scope for studying the insurance industry Right now the insurance industry has

great opportunities in a country like India or China which huge population Also

the penetration of insurance in India is very low in both life and non-life segment

so there is lot potential tube tapped Before starting the discussion on insurance

industry and related issues we have to start with the basics of insurance

So first we understand what is insurance How the word lsquoinsurancersquo is different

from the word

lsquoAssurancersquo etc

LIFE INSURANCE

As is evident from its very name it deals with insurance of human life ldquoLife

insurance corporation of Indiardquo- a public sector undertaking has the monopoly in

this sector since its nationalization In our wordily life whenever there is

uncertainty there is an involvement of risk The instinct for security against such

risk is one of the basic motivating forces determining human attitudes As a squeal

to this quest for Security the concept of insurance must have been born The urge

to provide insurance or protection against the loss of life amp property must have

prompted people to make some sort of sacrifice willingly in order to achieve

security through ldquoCOLLECTIVE CO-OPERATIONrdquo in this sense story of

insurance is probably as old as the story of mankind All life insurance companies

in India have to comply with the strict regulations laid out by Insurance Regulatory

and Development Authority of India (IRDA) Therefore there is no risk in going in

10

for private insurance players In terms of being rated for financial strength like

international players only ICICI Prudential is rated by Fitch India at National

Insurer Financial Strength Rating of AAA (Indi) with stable outlook indicating the

highest claims paying ability

50

10

4

5

5

6

42

13

1 8

MARKET SHARE

LIC-50ICICI PRODENTIAL-10BAJAJALLIANZ-4SBI LIFE-5RELIANCE-5HDFC STANDARD LIFE-6BIRLA SUN LIFE-4TATA-2MET-1MAX NEWYORK-3KOTAK MAGINDRA-2OTHER-8

Figure 2 The market share of the Indian Life Insurance industry (figures are

approximate) (Source As per a report published in 2010 by Ms Pinky Walia-

Financial Advisor

11DIFFERENCE BEETWEN INSURANCE AND ASSURANCE

Assurance is older in history and it was used to describe all types of insurances

From 1826 the term assurance came to be used only for the risks covered by life

insurance and the term insurance was exclusively used to denote the risks covered

by marine fire etc The word assurance indicated certainty In life insurance there

is an assurance from the insurance company to make payment under the policy

11

either on the maturity or at earlier death On the other hand the word insurance was

used to denote indemnity type of insurances where the insurance company was

liable to pay only in case of the loss damage the property The insured event was

bound to happen sooner or later under assurance but the event insured against may

or may not happen under insurance The principle of ldquoindemnityrdquo applies to

ldquoinsurance contractsrdquo(non-life) only The scope of the word insurance is wider

12PRINCIPLES OF INSURANCE

An insurance contract is based on some basic principles of insurance

(1) Principle of ldquoUberrima Fidesrdquo or Principle of utmost good faith

It means ldquomaximum truthrdquo Both the parties should disclose all material

information regarding the subject matter of insurance

(2) Principle of indemnity

This means that if the insured suffers a loss against which the policy has been

made he shall be fully indemnified only to the extent of loss In other words the

insured is not entitled to make a profit on his loss

(3) Principle of subrogation

This means the insurer has the right to stand in the place of the insured after

settlement of claims in so far as the insuredrsquos right of recovery from an alternative

source is involved The insurer before the settlement of the claim may exercise the

right In other words the insurer is entitled to

recover from a negligent third party any loss payments made to the insured The

purposes of subrogation are to hold the negligent person responsible for the loss

12

and prevent the insured from collecting twice for the same loss The concept of

lsquoThird Party Claimsrsquo is based on the same principle

(4) Principle of cause proximate

The cause of loss must be direct and an insured one in order to claim of

compensation

(5) Principle of insurable interest

The assured must have insurance interest in the life or property insured Insurable

interest is that interest which considerably alters the position of the assured in the

event of loss taking place and if the event does not take placed he remains in the

same old position

15 HISTORY OF INSURANCE

The concept of insurance is believed to have emerged almost 4500 years ago in the

ancient land of Babylonia where traders used to bear risk of the caravan by giving

loans which were later repaid with interest when the goods arrived safely The

concept of insurance as we know today took shape in 1688 at a place called

Lloydrsquos Coffee House in London where risk bearers used to meet to transact

business This coffee house became so popular that Lloydrsquos became the one of the

first modern insurance companies by the end of the eighteenth century Marine

insurance companies came into existence by the end of the eighteenth century

These companies were empowered to write fire and life insurance as well as

marine The Great Fire of London in 1966 caused huge loss of property and life

With a view to providing fire insurance facilities Dr Nicholas Barbon set up in

1967 the first fire insurance company known as the Fire office

13

The early history of insurance in India can be traced back to the Vedas The

Sanskrit term lsquoYogakshemarsquo (meaning well being) the name of Life Insurance

Corporation of Indiarsquos corporate headquarters is found in the Rig Veda The

Aryans practiced some form of lsquocommunity insurancersquo around 1000 BC Life

insurance in its modern form came to India from England in 1818 The Oriental

Life Insurance Company was the first insurance company to be set up in India to

help the widows of European community The insurance companies which came

into existence between 1818 and 1869 treated Indian lives as subnormal and

charged an extra premium of 15 to 20 per cent The first Indian insurance

company the Bombay Mutual Life Assurance Society came into existence in 1870

to cover Indian lives at normal rates The Insurance Act 1938 the first

comprehensive legislation governing both life and non-life branches of insurance

were enacted to provide strict state control over insurance business This amended

insurance Act looked into investments expenditure and management of these

companies By the mid- 1950s there were 154 Indian insurers 16 foreign insurers

and 75 provident societies carrying on life insurance business in India Insurance

business flourished and so did scams irregularities and dubious investment

practices by scores of companies As a result the government decided to

nationalize the life assurance business in India The Life Insurance Corporation of

India (LIC) was set up in 1956 The nationalization of life insurance was followed

by general insurance in 1972

16 TIME LINE IN INSURANCE HISTORY (MAJOR LANDMARKS)

14

1048766 1818 British introduced the life insurance to India with the establishment of the

Oriental Life Insurance Company in Calcutta

1048766 1850 Non life insurance started with Triton Insurance Company

1048766 1870 Bombay Mutual Life Assurance Society is the first India owned life

insurer

1048766 1912 The Indian Life Assurance Company Act enacted to regulate the life

insurance business

1048766 1938 The Insurance Act was enacted

1048766 1956 Nationalization took place Government took over 245 Indian and foreign

insurers and provident societies

1048766 1972 Non-life business nationalized General Insurance Corporation (GIC)

came into being

1048766 1993 Malhotra committee was constituted under the chairmanship of former

RBI chief R N Malhotra to draw a blue print for insurance sector reforms

1048766 1994 Malhotra committee recommended reentry of private players

1048766 1997 IRDA (Insurance Regulatory and Development Authority) was set up as a

regulator of the insurance market in India

15

1048766 2000 IRDA started giving license to private insurers ICICI Prudential HDFC

were first private players to sell insurance Policies

1048766 2002 Bank allowed to sell insurance plans as TPAs enter the scene insurers

start setting non life claims in the cashless mode

17 MEANING OF LIFE INSURANCE

There are three parties in a life insurance transaction the insurer the insured and

the owner of the policy (policyholder) although the owner and the insured are

often the same person

Another important person involved in a life insurance policy is the beneficiary The

beneficiary is the person or persons who will receive the policy proceeds upon the

death of the insured

Life insurance may be divided into two basic classes ndash term and permanent

bull Term life insurance provides for life insurance coverage for a specified term of

years for a specified premium The policy does not accumulate cash value

bull Permanent life insurance is life insurance that remains in force until the policy

matures unless the owner fails to pay the premium when due

bull Whole life insurance provides for a level premium and a cash value table

included in the policy guaranteed by the company The primary advantages of

whole life are guaranteed death benefits guaranteed cash values fixed and known

annual premiums and mortality and expense charges will not reduce the cash value

shown in the policy

16

bull Universal life insurance (UL) is a relatively new insurance product intended to

provide permanent insurance coverage with greater flexibility in premium payment

and the potential for a higher internal rate of return A universal life policy includes

a cash account Premiums increase the cash account If you want insurance

protection only and not a savings and investment product buy a term life

insurance policy If you want to buy a whole life universal life or other cash value

policy plan to hold it for at least 15 years Canceling these policies after only a

few years can more than double your life insurance costs Check the National

Association of Insurance Commissioners website (wwwnaicorgcis) or your local

library for information on the financial soundness of insurance companies

18 HISTORY OF LIFE INSURANCE

Risk protection has been a primary goal of humans and institutions throughout

history Protecting against risk is what insurance is all about Over 5000 years ago

in China insurance was seen as a preventative measure against piracy on the sea

Piracy in fact was so prevalent that as a way of spreading the risk a number of

ships would carry a portion of another ships cargo so that if one ship was captured

the entire shipment would not be lost In another part of the world nearly 4500

years ago in the ancient land of Babylonia traders used to bear risk of the caravan

trade by giving loans that had to be later repaid with interest when the goods

arrived safely In 2100 BC the Code of Hammurabi granted legal status to the

practice It formalized concepts of ldquobottomryrdquo referring to vessel bottoms and

ldquorespondentiardquo referring to cargo These provided the underpinning for marine

insurance contracts Such contracts contained three elements a loan on the vessel

cargo or freight an interest rate and a surcharge to cover the possibility of loss In

effect ship owners were the insured and lenders were the underwriters

17

Life insurance came about a little later in ancient Rome where burial clubs were

formed to cover the funeral expenses of its members as well as help survivors

monetarily With Romes fall around 450 AD most of the concepts of insurance

were abandoned but aspects of it did continue through the Middle Ages

particularly with merchant and artisan guilds These provided forms of member

insurance covering risks like fire flood theft disability death and even

imprisonment During the feudal period early forms of insurance ebbed with the

decline of travel and long-distance trade But during the 14th to 16th centuries

transportation commerce and insurance would again reemerge Insurance in India

can be traced back to the Vedas For instance yogakshema the name of Life

Insurance Corporation of Indias corporate headquarters is derived from the Rig

Veda The term suggests that a form of community insurance was prevalent

around 1000 BC and practiced by the Aryans And similar to ancient Rome burial

societies were formed in the Buddhist period to help families build houses and to

protect widows and children

1048766 Modern Insurance

Illegal almost everywhere else in Europe life insurance in England was vigorously

promoted in the three decades following the Glorious Revolution of 1688 The type

of insurance we see today owes its roots to 17th century England Lloyds of

London or as they were known then Lloyds Coffee House was the location

where merchants ship owners and underwriters met to discuss and transact

business deals

18

While serving as a means of risk-avoidance life insurance also appealed strongly

to the gambling instincts of Englands burgeoning middle class Gambling was so

rampant in fact that when newspapers published names of prominent people who

were seriously ill bets were placed at Lloydrsquos on their anticipated dates of death

Reacting against such practices 79 merchant underwriters broke away in 1769 and

two years later formed a ldquoNew Lloydrsquos Coffee Houserdquo that became known as the

ldquoreal Lloydrsquosrdquo Making wagers on peoples deaths ceased in 1774 when parliament

forbade the practice

1048766 Final Thoughts

Even though the American insurance industry was greatly influenced by Britain

the US market developed somewhat differently from that of the United Kingdom

Contributing to that was Americas size land diversity and the overwhelming

desire to be independent As America moved from a colonial outpost to an

independent force from a farming country to an industrial nation the insurance

business developed from a small number of companies to a large industry

Insurance became more sophisticated offering new types of coverage and

diversified services for an increasingly complex country

19 KEY FEATURES OF LIFE INSURANCE

1) Nomination -

19

When one makes a nomination as the policyholder you continue to be the owner

of the policy and the nominee does not have any right under the policy so long as

you are alive The nominee has only the right to receive the policy monies in case

of your death within the term of the policy

2) Assignment -

If your intention is that your policy monies should go only to a particular person

you need to assign the policy in favor of that person

3) Death Benefit -

The primary feature of a life insurance policy is the death benefit it provides

Permanent policies provide a death benefit that is guaranteed for the life of the

insured provided the premiums have been paid and the policy has not been

surrendered

4) Cash Value -

The cash value of a permanent life insurance policy is accumulated throughout the

life of the policy It equals the amount a policy owner would receive after any

applicable surrender charges if the policy were surrendered before the insureds

death

5) Dividends -

Many life insurance companies issue life insurance policies that entitle the policy

owner to share in the companys divisible surplus

6) Paid-Up Additions -

20

Dividends paid to a policy owner of a participating policy can be used in numerous

ways one of which is toward the purchase of additional coverage called paid-up

additions

7) Policy Loans -

Some life insurance policies allow a policy owner to apply for a loan against the

value of their policy Either a fixed or variable rate of interest is charged This

feature allows the policy owner an easily accessible loan in times of need or

opportunity

8) Conversion from Term to Permanent -

When in need of temporary protection individuals often purchase term life

insurance If one owns a term policy sometimes a provision is available that will

allow her to convert her policy to a permanent one without providing additional

proof of insurability

9) Disability Waiver of Premium

Waiver of Premium is an option or benefit that can be attached to a life insurance

policy at an additional cost It guarantees that coverage will stay in force and

continue to grow

110 BENEFITS OF LIFE INSURANCE

1) Risk cover -

Life Insurance contracts allow an individual to have a risk cover against any

unfortunate event of the future

2) Tax Deduction -

21

Under section 80C of the Income Tax Act of 1961 one can get tax deduction on

premiums up to one lakh rupees Life Insurance policies thus decrease the total

taxable income of an individual

3) Loans -

An individual can easily access loans from different financial institutions by

pledging his insurance policies

4) Retirement Planning -

What had provided protection against the financial consequences of premature

death may now be used to help them enjoy their retirement years Moreover the

cash value can be used as an additional income in the old age

5) Educational Needs -

Similar to retirement planning the cash values that flow from ones life insurance

schemes can be utilized for educational needs of the insurer or his children

111 ROLE OF LIFE INSURANCE IN THE GROWTH OF THE

ECONOMY

The Life Insurance Industry has an enviable track record among public sector

units It has a Consistent profit and dividend paying record accompanied by a

steady growth in its financial resources Through investments in the Government

sector and socially- oriented sectors the

Industry has contributed immensely to the nations development

The industry is recognized as one of the largest financial Institutions in the

country The ventures initiated by the industry in the areas of Mutual Fund

Housing Finance has done exceedingly well in recent years To protect the

22

countrys foreign exchange reserves the reinsurance arrangement are so organized

that maximum retention is made possible within the country while at the same time

protecting interests of the policy holders

EVALUATION OF IRDA

The Malhotra committee felt the need to provide greater autonomy to insurance

companies in order to improve their performance and enable them to ant as

independent companies with economic motives For this purpose it had propose

setting up an independent regulatory body the insurance regulatory and

development authority reforms in the insurance sector were initiated with the

passage of the IRDA bill in parliament in December 1999 The IRDA since its

incorporation as a statutory body in April 2000 has fastidiously stuck to its

schedule of framing regulations and registering the private sector insurances

companies The other decision taken simultaneously to provide the supporting

systems to the insurances sector and in particular the life insurance company was

the launch of the IRDArsquos online service for issue and renewal of licenses to agents

The approval of institutions for imparting training to agents has also ensured

that the insurance companies would have a trained workforce of insurance agents

in place to sell their products which are expected to ne introduced by early next

year Since being set op as an independent statutory body the IRDA has put in a

framework if globally compatible regulations In the private sector 12 life

insurance and 6 general insurance companies have been registered

23

IRDA

Itrsquos statutory autonomous board create to perform the role of an effective

regulator for the the purpose of the act

IRDA is constituted with one chairperson whole time members and 4 part-

time members all with tenure of years

There will be an advisory insurance sector in India It is vested with the

power to make regulations consistent with the act carry out committee

consisting of 25 members to advise IRDA in its day-to-day activities

representing commerce agriculture consumers employeersquos etc

Objectives of IRDA

TO provide for the establishment of an authority ro protect the interests of holders

of insurance policies to regulate promote and ensure orderly growth of the

insurances industry

Important changes brought through IRDA act

Insurance business is opened up the private sector thus ending the monopoly

of LIC

Participation of foreign companies in collaboration with Indian instance

companies is

allowed subject to the condition that the foreign companyrsquos share capital

shall not exceed 26 of the paid-up capital of the Indian insured

24

Controllers of insurance ceases of exist and all functions are vested with

IRDA

Appointment of chief agents and special agents is revived

The concept of insurance brokers is introduced

Duties Powers and Functions of IRDA

Issue to the applicant a certificate of registration renew modify withdraw

suspend or cancel such registration

protection of the interests of the policy holders in matters concerning

assigning of policy nomination by policy holders insurable interest

settlement of insurance claim surrender value of policy and other terms

and conditions of contracts of insurance

Specifying requisite qualifications code of conduct and practical training

for intermediary or insurance intermediaries and agents

Specifying the code of conduct for surveyors and loss assessors

Promoting efficiency in the conduct of insurance business

Promoting and regulating professional organizations connected with the

insurance and re-insurance business

Levying fees and other charges for carrying out the purposes of this Act

25

Calling for information from undertaking inspection of conducting

enquiries and investigations including audit of the insurers intermediaries

insurance intermediaries and other organizations connected with the

insurance business

control and regulation of the rates advantages terms and conditions that

may be offered by insurers in respect of general insurance business not so

controlled and regulated by the Tariff Advisory Committee under section

64U of the Insurance Act 1938 (4 of 1938)

Specifying the form and manner in which books of account shall be

maintained and statement of accounts shall be rendered by insurers and

other insurance intermediaries

Regulating investment of funds by insurance companies

Regulating maintenance of margin of solvency

Adjudication of disputes between insurers and intermediaries or insurance

intermediaries

Supervising the functioning of the Tariff Advisory Committee

Specifying the percentage of premium income of the insurer to finance

schemes for promoting and regulating professional organisations referred

to in clause

26

COMPANY PROFILE

21 ABOUT RELIANCE LIFE INSURANCE

Reliance Life Insurance Company Limited is a part of Reliance Capital Ltd of the

Reliance - Anil Dhirubhai Ambani Group Reliance Capital is one of Indiarsquos

leading private sector financial services companies and ranks among the top 3

private sector financial services and banking companies in terms of net worth

Reliance Capital has interests in asset management and mutual

funds stock broking life and general insurance proprietary investments private

equity and other activities in financial services Reliance Capital Limited (RCL) is

a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of

India under section 45-IA of

the Reserve Bank of India Act 1934

Reliance Capital sees immense potential in the rapidly growing financial services

sector in India and aims to become a dominant player in this industry and offer

fully integrated financial services Reliance Life Insurance is another steps forward

for Reliance Capital Limited to offer need based Life Insurance solutions to

individuals and Corporate

27

22 HISTORY

Reliance Capital Limited announced the launch of its life insurance business on

February 1 2006 This was after obtaining the required regulatory approvals from

the Registrar Of Companies and the Insurance Regulatory and Development

Authority It was in August 2005 that the ball was set rolling when Reliance

Capital Limited the financial arm of Reliance ndash Anil Dhirubhai Ambani Group

(ADAG) ndash announced the requisition of 100 shareholding in AMP Sanmar Life

Insurance Company Limited and the formal transfer of shares took place in

October 2005 The company will issue all policy contracts under the Reliance Life

Insurance Company limited name All the existing policy contracts also stand

transferred to the Reliance Life Insurance entity with all

the original contractual terms and commitments intact

BOARD OF DIRECTORS

Gautam Doshi Non Executive Director

Satya Pal Talwar Independent Director

Rajendra Chitale Independent Director

Soumen Ghosh Non Executive Directo

Malay Ghosh Executive Director amp President

28

Top Management Team-Reliance Life Insurance

Malay Ghosh ndash Executive Director amp President

S V Sunder Krishnan Chief Risk Officer

Sunil Agrawal Chief Financial Office Saroj K Panigrahi

Head ndash Legal Compliance amp Company Secretary

Pournima Gupte Appointed Actuary

R Rangarajan Chief Investment Officer

Manoranjan Sahoo Head- Agenc

Maneesha Thakur Chief Human Resources Officer

C Mohan Chief Technology Officers

23 JOURNEY SO FARhellip

1048766 2005 August Anil Dhirubhai Ambani Group (ADAG) announces the

acquisition of 100 percent shareholding in AMP Sanmar Life Insurance

1048766 2006 January 17 Mr Nandgopal participates in a one-day conference on

lsquoOptimising growth opportunities through Distribution Matrix lsquoEmerging

Bancassurancersquo organized by the Asia Insurance Post at the Taj President

Mumbai

February 1 Rliance Life Insurance officially launched

29

February 16 17 18 Strategy meet at the Reliance Management Institute

Amongst those who participate are the CEO COO Functional Heads Regional

Managers and Regional Sales Managers

February 26 A Puja held at the Churchgate office situated in Express Building

4th Floor 14 lsquoErsquo Road Mumbai

March 1 Churchgate office inaugurated by Mr Amitabh Jhunjhunwala Mr

Amitabh Chaturvedi and Mr Nandgopal

March 6 Shifting to the new premises at Churchgate commences

March 7 The new office at Chennai at the Trapezium First Floor 39 Nelson

Manickam Road inaugurated by their CEO Mr Nandgopal Mr KV Srinivasan

and Mr Sureshbabu also graced the occasion

24 ROLE OF IT AT RELIANCE LIFEINSURANCE

1) World Class Data Centre -

They plan to establish a Primary Data Centre at Navi Mumbai (Dhirubhai Ambani

Knowledge City) which will cater to their company needs across India with fail-

over capability to their Chennai Data Centre within the same business day in

occurance if an incident or Disaster happens

30

2) Inter Office Connectivity -

All their Branch Area and Regional offices will be interconnected to their Data

Centre with a 24x7 access to Core Applications like Lotus Mail Life-Asia and

Internet Applications This

will enable their associates to work faster and better with high-speed Internet

connectivity and also ensure faster Turn Around Time for their customers

3) Customer Care Centre -

They will host a centralized Customer Care Centre at Dhirubhai Ambani

Knowledge City at Navi Mumbai which cater services to internal and external

queries and complications A customer Relationship Management Tool (CRM) and

Lead Management System

LMS) are in progress

4) Web Portal -

This portal will be an interface between both internal employees and their external

users Some of the functions included in their portal are Policy Tracking Systems

Corporate News Quality Checking System Under Writing Medical System and

Agent Management System etc

31

5) R World -

Reliance Mobile R-World will provide online information about their Company

Products and Policy Services to their existing customers AgentsAdvisors and

Lead Generators

6) SMS Alerts -

SMS Alerts will be provided to their Sales Managers about the latest happenings

like Contests and Campaigns Employee Alerts will include Company News and

WelcomeBirthday Anniversary message etc Customer Alerts will include

WelcomeBirthdayAnniversary message Policy Dispatch Details Policy

Servicing SMS like Premium Receipt and Renewal Premium reminders etc

7) Life and Group Asia -

Single Life and Group Life details will be captured and managed by Life and

Group Asia A common middleware between these applications will enable Group

Life Customers to view their individual Single Life Insurance Plan details taken

with Reliance Life Insurance and vice versa

8) Advisor Lounge -

It is a dedicated area for Reliance Life Insurance AgentsAdvisors in all the

branches across India This Lounge will be equipped with desktops and printers

with Internet connectivity where

32

their Advisors can bring in the prospects and can have discussions across the table

and they can create and print quotes The AgentsAdvisors can buse this area to

service their existing customers

9) Document Management System -

DMS will enable both policy issuance and contract servicing through an automated

workflow which yields a faster Turn around Time to both internal and external

users This application will enable them to have a paperless office and thus

mitigate the risk of losing vital recordspapers

10) Wireless Data Access -

This will enable identified Top Sales Managers and Top Advisors to access real

time data for both LMS and CRM on the fly through Handheld PDA device

11) SAP ndash ERP Modules -

SAP (Finance and HR Modules) will automate the Expense Travel and Leave

Management Systems

25 MISSION

The mission of Reliance Life Insurance Company Limited is to be the best in

every sphere- business results customer care and employee focus The aim

of the company is to Think Bigger and Think Better

33

26 CORE VALUES

Reliance Life Insurance Company Limited has some core values which are

listed as follows

1) Result Oriented

2) Performance Driven

3) Customer Focused

4) Learning and Development Oriented

5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS

1048766 Forty-four new branches to be opened across the country in the

coming months and a pan India presence with 162 branches in the

coming year

1048766 A state-of-the-art customer care centre will provide continuous

responsive services to the caller and promptly address queries collate

feedback and suggestions from the caller who may be both

prospective and existing clientele and from channel partners in Chennai and

Mumbai

34

GLOSSARY

Accidental Death Insurance

Insurance that provides coverage in the event of death due to accidental injuries

but not illness In he event of death payment is made to the insuredrsquos beneficiary

if bodily injury occurs the insured receives a sum specified by the contract

ANNUITY

A policy under which an insurance company promises to make a series of periodic

payments to a named individual in exchange for a premium of a series of

premiums called the purchase price

ASSIGHMENT

A life insurance policy is regarded under the law under the law as a form of

personal property Its owner can retain the policy transfer it to someone else

mortgage or charge it or use it as the bases of a trust Assignments are actions

taken which affect ownership of the policy There are severs types of assignments

A notice must follow a legal assignment to the insurance company To protect the

person who is assigned a life insurance policy a notice of assignment must be

given to the insurance company Once notice is given the person to whom the

policy has been assigned to has precedence over all other interests except for four

cases

35

Trustees in bankruptcy

Voluntary assignments between assignor and assignee

Evidence of willful business on the part of the assignee

Mortgage for unlimited amounts

BENEFICIARY

An individual designated in a well to receive an inheritance or the individual

designated to receive the proceeds of an insurance policy retirements account

trust or other asset In an insurance policy the person who is nominated is

normally the beneficiary

CASH SURRENDER VALUE

The amount that is available to the owner if a life insurance policy is surrendered

any time before the maturity dtd The amount represents the cash value minus

surrender charges and any outstanding loans due upon cancellation of the policy

COLLATERAL

A Temporary assignment of the monetary value of a life insurance policy as

security for a loan In the event of default the creditor would receive proceeds or

values only to the extent of his interest

CRITICAL ILLNESS REDER

A rider added to a life insurance policy to protect the insured against financial loss

in the event of terminal illness A critical illness rider makes living benefits

payable to the insured for medical expenses prior to death Accelerated(or living)

benefits paid reduce the death benefit payable to the beneficiary (ie) upon death

36

DATE OF COMMENCEMENT

The date on which cover begins following acceptance of the risk by the insurer

DATING BACK

For non-investment linked policies the commencement date of the policy can be

backdated within the same financial year This enables the life assured to take

advantage of the lower premium applicable to a younger age as the premiums is

calculated with reference to the date of commencement The insurance cover will

however begin only from the date of acceptance The extra premium on account of

dating back has to be paid up front

DEATH BENEFIT

An annuity contract under which periodic benefits are scheduled to begin at some

designated future date after the date on which the annuity was purchased

ENDOWMENT

Endowment insurance pays the sum assured upon the death of the life insured

during the policy term or on survival to the end of the policy term

EMTENDED TERM INSURANCE

A provision in some policies which provides the option of continuing the

insurance for a particular insured amount as per the policy condition as term

insurance

GRACE PERIOND

37

This provision offers the policyholder additional period of time after the due date

during which the premium can be paid The policy continues to remain in force

during this grace period and the premium continues to be payable

IMMEDIATE ANNUITY

An annuity that begins to make income payments immediately after the first

premium is paid as opposed to a deferred annuity

INSURANCE

Insurance is a policy a person buys and upon that personrsquos death the family will be

able to ger a certain sum of money

LAPSE

Termination of a life insurance contract because of non-payment of premiums If

there are no forfeiture values the policy lapses but may remain effective reduced

paid-up insurance

LIFE ANNUITY An annuity the makes regular income payments for the life of a

person The annuitant cannot outlive the payments Upon hisher death all income

payments cease and there are no beneficiary benefits

LIFE EXPECTANCY

The number of years a person is expected to lives determined by actuaries uaing

mortality tables this information is used to calculate annuity payments life

insurance premiums and annual minimum distributions form IRAs

LIFE ANNUITY

38

A person whose life is covered under a life insurance policy

LIFE EXPACTANCE TABLES

Mortality tables that are used to calculate life expectancy figures

MATURITY DATE

The date on which an endowment insurance policyrsquos face amount will be paid to

the policy-owner if the insured is still living

POLOCU BONUSES

In participating policies the company gives the policyholders a share in the profits

of the company in the form of bonuses Generally there are two types of bonuses

for insurance policies Reversionary bonus is guarantee addition to your insured

amount and is paid when the policy matures or when the life assured dies Cash

bonuses are paid out at periodical intervals

PREMIUM

A specified amount of money of money that the insurer receives in exchange for its

promise to provide the policy proceeds when a specific loss occurs

RENEWAL PREMIUMS

Premiums that are payable after the initial premium and that are a condition for the

continuation of the policy

39

TAXATION AND INSURANCE

Sections that deal with insurance are

1SECTION 10(10 D)

Final payments made by the insurer are fully exempted from income tax

2SECTION 80 (CCC)

Up to Rs 10000 per annum paid towards premium under pension plan is fully

exempted

3SECTION 80 (DD)

Up to Rs 40000 per annum paid towards premium tor the benefit of physically

handicapped dependent children is fully exempted

4SECTION 80 (C)

For approved savings by government of indie there is exemption from tax For life

insurance up to Rs 70000 per annum is exempted from tax

40

THEORITICAL FRAME WORK

BASICS OF UNIT LINDED INSURANCE PLANS

Introduction To ULIP

In India ULIP insurance policies are on the top in the popularity chart because it

offers more benefits than traditional life insurance plans There are many benefits

are available such as higher returns on investment partial withdrawal flexibility to

choose life cover wider fund options top up facility free switches tax benefits

etc

If you are looking for long term investment and better returns ULIP is a right

option to achieve your goal But you may find difficulties while purchasing the

ULIP because there are single and regular premium option You have to choose

the right option for you In single premium ULIP you need to pay a single

payment and you will enjoy the benefits throughout the policy term In case of

regular premium you need to pay premium on regular basis it can be paid by

annual half annual quarterly and monthly mode In terms of investment both

products offers similar options like equity debt and liquid Under regular premium

option you may ask for commitment to pay more But under single premium

product nobody will ask you to pay more as a matter of commitment In the initial

years of ULIP single premium product offer better returns than regular premium

product But its balance power shifts down latter But this is not in effect the

product is sold very aggressively due to IRDA norms Regular premium ULIP

41

products are also good in various factors such as affordability tax benefit and large

return

There are also ULIP charges to consider than single and regular premium It is also

important

to take a overview of different charges are under ULIP plans It includes premium

allocation

charge risk cover charges policy administration charges fund management

charges service

tax charge miscellaneous charge etc

At the end ULIP is a good mixture of life cover and investment But dont buy it

for

investment purpose only there are another good options available for the

investment Unit

linked insurance plan (ULIP) is a life insurance solution that provides the client

with the

benefits of protection and flexibility in investment It is a solution which provides

for life

insurance where the policy value at any time varies according to the value of the

underlying

assets at the time

The investment is denoted as unit and is represented by the value that it has

attained called as

Net Asset Value (NAV) ULIP came into play in 1960s and became very popular

in Western

42

Europe and America The reason that is attributed to the wide spread popularity of

ULIP is

because of the transparency and the flexibility which it offers to the clients

As time progressed the plans were also successfully mapped along with life

insurance needs

to retirement planningIn todayrsquos times ULIP provides solution for all the needs of

a client

like insurance planning financial needs financial planning for childrenrsquos future

and

retirement planning

What Is ULIP

ULIP stands for Unit Linked Insurance Plans As we know that insurance is for

protecting

our life from the any uncertain events like death or accident The purpose of the

normal

insurance plan is just protecting the life but not ensuring any savings for the future

Many

people wanted plan which gives protection also gives the returns for their

investment So

insurance companies come up with the ULIP plan where the premium about is

invested in the

share market and returns better income on the maturity period

Unit-linked insurance plans ULIPs are distinct from the more familiar lsquowith

profitsrsquo policies

43

sold for decades by the Life Insurance Corporation lsquoWith profitsrsquo policies are

called so

because investment gains (profits) are distributed to policyholders in the form of a

bonus

announced every year ULIPs also serve the same function of providing insurance

protection

against death and provision of long-term savings but they are structured

differently

In lsquowith profitsrsquo policies the insurance company credits the premium to a common

pool

called the lsquolife fundrsquo after setting aside funds for the risk premium on life

insurance and

management expenses

Every year the insurer calculates how much has to be paid to settle death and

maturity

claims The surplus in the life fund left after meeting these liabilities is credited to

policyholdersrsquo accounts in the form of a bonus In a ULIP too the insurer deducts

charges

towards life insurance (mortality charges) administration charges and fund

management

charges The rest of the premium is used to invest in a fund that invests money in

stocks or

bonds The policyholderrsquos share in the fund is represented by the number of units

The value of the unit is determined by the total value of all the investments made

by the fund

44

divided by the number of units If the insurance company offers a range of funds

the insured

can direct the company to invest in the fund of his choice Insurers usually offer

three choices

an equity (growth) fund balanced fund and a fund which invests in bonds

In both lsquowith profitsrsquo policies as well as unit-linked policies a large part of the first

year

Premium goes towards paying the agentsrsquo commissions

Benefits Of Unit Linked Plan

ULIP distinguishes itself through the multiple benefits that it provides to the

consumer The

plan is a one stop solution providing

1 Life protection



Switch option

Premium redirection

Automatic transfer plan(ATP)


4 Transparency

45


Death due to accident

Disability

Critical illness

6 Liquidity

during the term partial withdrawals

at Maturity

7 Tax planning

FLOW CHART OF A UNIT LINKED PLAN

46

LESS 20 20000-4000=160000

16000-750=15250

For the age 30-mortality

At 150-per thousand

15000-invested in debt fund

At a NAV of 16-

953125 units allocated

MEASURES OF RUND PERFORMANCE

47

CONTRIBUTION CONTRIBUTION RELATED CHARGES DEDUCTED

MORTALITY amp RIDER

CHARGES DIDUCTED

THE CLIENT INCESTS RESULTANT

REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION

INVESTED IN FOUNDS DEBT EQUITYBALANCED

FUND CHARGES DEDUCTED

SHARPErsquoS PERFORMANCE INDEX

Sahrpersquos performance index gives a single value to be used for the performance

ranking of various founds or portfolios Sharpe index measures the risk premium of

the portfolio relative to the total amount of risk in the portfolio This risk premium

is the difference between the portfoliorsquos average rate of return and the risk less rate

less rate of return the standard deviation of the portfolio indicates the risk The

index assigns the highest values to assets that have best risk-adjusted average rate

of return

Rp ndash Rf

St =

σ

Portfolio average return ndash Risk free rate of interest

sharpe index =

Standard deviation of the portfolio return

TRENORrsquoS PERFORMANCE INDEX

48

To understand the treynor index an investor should know the concept of

characteristic line The relationship between a given marker return and the fundrsquos

return is given by the characteristic live The fundrsquos performance is measured in

relation to the marker performance is measured in relation to market performance

the ideal fundrsquos return rises at a faster rate of return declines slowly than the

marker return in the decline The ideal fund may place its fund in the treasury bills

or short sell the stock during the decline and earn positive return

Portfolio average return ndash risk less rate of interest

Tn =

Beta ndash efficient of portfolio

TATA AIG PRODUCTS

49

ULIP Products

bull Tata AIG Life InvestAssure Flexi Supreme

bull Tata AIG Life Lakshya Supreme

bull Tata AIG Life Insurance Gyan Kosh

bull Tata AIG Life InvestAssure Plus Supreme

bull Tata AIG Life Insurance Swarna Pratigya

bull Tata AIG Life Insurance InvestAssure Gold Supreme amp Tata AIG Life Insurance InvestAssure Maximizer

Traditional Products

bull Tata AIG Life Raksha

bull Tata AIG Life Health Investor

bull Tata AIG Life Health Protector

bull Tata AIG Life Health First

bull Tata AIG Life MahaGurantee

bull Tata AIG Life MahaLife Gold

bull Tata AIG Life Assure Security amp Growth Plans

bull Tata AIG Life Assure Golden Years

bull Tata AIG Life Maha Guarantee Flexi

bull Tata AIG Life Star Kid

ANALYSIS AND INTERPRETATION

ANALYSIS OF THE ULIP EQUITY FUND

50

Fund Objective provide high real rate of return in the long-term through high

exposure to equity investments while recognizing that there is significant

probabitility of negative return in the short-term the risk appetite is lsquohighrsquo

Inception Date 15-MAY-10

Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8

ALLOCATIONEquitybank deposits

Table showing return on fund and return on market

51

Year RETURN ON FUND RETURN ON MARKET

AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676

o Average return on fund Rp 833o Standard deviation on fund σ 1344o Variance of marker 12418o Covariance 14268o Bata β 095o Risk free rate of return Rf 12o Sharpe index St -011o Treynor index Tn 3863

GRAPH OF ULIP EQUITY

52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION

From above graph the actual performance of the equity fund is moving along with

the benchmark ndash BSE 100 since inception till Aug10

As the fund 9236 allocation is into equity market the changes in the market

conditions have the maximum influence on the increase amp decrease of the returns

ANALYSIS OF THE ULIP GROUTH FUND

53

Fund objective provide investment returns that exceed the rate of inflation in the

long-term while maintaining moderate probability of negative returns in the short-

term The risk appetite is defined as lsquomoderatersquo

Inception date 16-05-06

Benchmark 65 CRISIL composite bond index+35 BSE 100

ASSET ALLOCATION

3859

3403

2218

209

EquityDebenturesDeposits with banksgilts


54

ALLOCATION TOTAL

Equity 3859

Debentures 3403

Deposits with banks 2218

gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891

o Average return on fund Rp 302

o Standard deviation on fund σ 716

o Variance of marker 4706

o Covariance 2768

o Bata β 101

o Risk free rate of return Rf 12

o Sharpe index St 0142

o Trey nor index Tn 1009

55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION

From the above graph the return on fund and return on the marker move together

since the inception of the fund

The risk on the fund is 12 and average return is 3 this is because of

approximately 62 of fund is in the capital marker The change in the market

return has an impact with the return on fund

56

ANALYSIS OF THE ULIP BALANCED FUND

Fund Objective provide investment returns that exceed the rate of inflation in the

long-term while maintaining a low probability of negative returns in the short-

term The risk appetite is defined as lsquolow to moderatersquo

Inception Date 17-05-08

Benchmark 65CRISIL composite bond +BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57


Year RETURN ON FUND RETURN ON MARKER

Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329

o Acreage return on fund Rp 166



o Covariance 009

o Bata β 101


o Sharpe index St -1230

Trey nor index Tn -1023

58

GRAPH OF ULIP BALANCED

Year 8-Oct 9-Jan 9-Apr 9-Jul 10-Oct 10-Apr 10-Jul 10-Oct 10-Dec

-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION

From the above graph the actual performance of the ulip balanced fund is moving

along with the benchmark line which is setup with 65 CRISIL composite bond

index =65 BSE 100

As the fund ulip balanced investment is in the debt market it yields less returns

with less risk The allocation to gilts was decreased to 322 from 805 On

expectations of hardening of yield curve

59

ANALYSIS OF CORPORATE BOND

Fund Objection provide returns that exceed the inflation rate while taking some

credit risk and maintaining a moderate probability of negative return in the short-

term The risk appetite is lsquolow to moderatersquo


Benchmark CRISIL composite bond index

ASSET ALLOCATION

3414

6277

309

Govt securitiesDebentures Gilts

60

ALLOCATION TOTAL

Govt securities 3414

Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0

o Average return on fund Rp 208o Standard deviation on fund σ 502o Variance of marker 1041o Covariance 786o Bata β 101o Risk free rate of return Rf 12o Sharpe index St -1564o Trey nor index Tn -802

61

GRAPH OF CORPORATE BOND

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION

The return on the funs corporate band has started gearing up the returns from August

2006 which it has decreased to 309 during April 2007 and has crossed to

negative figures in April 2008 amp slightly increased to 14 in year 2010 and finally

stood 2 at the end the year

During the year 2010 even though the market return is negative the funds return is

positive which indicated that the fund managers fund allocation is dynamically

maintained

62

ANALYSIS OF ULIP GILT FUND

Fund Objective provide returns that exceed the inflation rate without taking any

credit risk and maintaining a low probability of a negative return in the short-term

The risk appetite is lsquolow to moderatersquo


Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362

o Average return on fund Rp 873 o Standard deviation on fund σ 1446o Variance of marker 9421o Covariance 16246o Bata β 027121o Risk free rate of return Rf 12o Sharpe index St -0226

64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION

The return on the fund ulip gilt had good return from August 2006 as 909 and

increased to 25 April 2007 which continued to increase to 40 at the end of

2003 During 2004 there is fall in the return and even crossed to negative returns

but recovered at the end to the year 2008 which is at 15 return

The average return is 11 and the risk corresponding to it is 13 is because 97

of the fund invested in equity

The Average return and the risk of fund gilt are higher than the other funds

65

ANALYSIS OF THE MONEY MARKET FUND

Fund Objective maintain the capital value of all contribution and all interest

additions at all times The risk appetite is lsquolowrsquo


Benchmark 65CRISIL composure bond index+35 BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Other money market 9318

Certificate of deposits6 682

Grand total 100

9318

682

Other money marketCertificate of deposits6

66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621

o Acreage return on fund Rp 553o Standard deviation on fund σ 621o Variance of marker 6219o Covariance 4794o Bata β 102o Risk free rate of return Rf 12o Sharpe index St 136o Trey nor index Tn -426o

67

GRAPH OF ULIP MONEY MARKET

Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION

From the above graph the actual performance of the fund money market is moving

along with the benchmark since inception that is from May 2006

The return of the fund money market has started gearing up the return from May

2006 has slightly increased during the year 2007 and in the next year 2008 it is at

689 and increased to 909 in the year August 2009

In the year 2010 the return crossed to the negative figures showing negative return

of 5 and in the same year September 2010 it finally recovered and stood at

positive return of 789

This shows that the fund on an average return is only 553 with the risk of

621 As the fund 40allocation is into the equity market the changes in the

market condition had maximum influence on the increase and decrease of the

returns

68

Table showing return standard deviation bet Sharpe index and treynor index

on all the market funds of RELIANCE LIFE INSURANCE

FUND Rp SD BETA St Tn

Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69

Perforation Evaluation of RELIANCE LIFE INSURANCE marker fund

based on Sharpe performance index


Sharpersquos performance index gives a single value to be for the performance ranking

of various founds of portfolios Sharpe index measures the ris premium of the

portfolio relative to the total amount of risk in the portfolio This risk premium is

the difference between the portfoliorsquos average rate of return and the risk less rate of

return The standard deviation of the portfolio indicates the risk The index assigns

the highest values to assets that have best risk-adjusted average rate of return

RpH _ Rf

St = -------------

σ

Sharpe Index = portfolio average return ndash Risk free rate of interest


FUND RETUR SD BETA St Tn RISK RANK

70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION

Above funds in RELIANCE LIFE INSURANCE gilt fund ranked as better fund

because the Sharpe index is more than other funds The second best fund is equity

with an index of 019 the fund balance and the balancer ranked as third The larger

the Sharpe index better the fund has performed thus from all the and fourth

respectively with a moderate return and moderate risk

According to the shape index growth and corporate bond rankted as fifth and sixth

respectively with -302 and -343 Sharpe index

71

Performance Evaluation of RELIANCE LIF INSURANCE FUNDS BASED

ON Treynorsrsquo performance

TREYNORrsquoS PERFORMANCE INDEX


characteristic line the relationship between given marker return is given by the

characteristic lice The fundrsquos performance is measured The ideal fundrsquos return

rises at a faster rate declines slowly than the market return in the decline The ideal

fund may place its fund in treasury bills or short sell the stock during the decline

and earn positive return

Tn = portfolio average return ndash risk less rate of interest

Beta co-efficient of portfolio

Tn = Rp ndash Rf

Β

Treynorrsquos risk premium of the portfolio is the difference between the average

return and the risd less rate of return The risk premium depends on the systematic

risk assumed in a portfolio

72

FUND RETURN ON FUND

SD BETA St Tn RISK FREE RATE

OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION

According to treynor inex the fund eqity fund is more desirable than other fund

which was in first rand with 1103 the second best fund is equity with an index of

991 the funds then funds balancer and balancer ranked as third ampfourth

respectively

The funds growth and corporate ranked as fifth and sixth respectively with 52 and

-676

73

SUMMARY

The focus of the study was performance evaluation of ULIP funds in RELIANCE

LIFE INSURANCE with an objective to study and understand how the funds has

performance in marker RELIANCE life insurance company limited ser up in 24 th

November two thousand which is regulated by IRDA act

In the study 6 selected funds were taken into consideration that is Equity Growth

Balanced Corporate Bond Gilt Money Market

The main aim is to find the risk and return of each fund and compare their

performance with sharpe index and treynor index The past 4 years quarterly

market prices data of each selected fund have been collected The calculation of

risk has done based on tools of standard deviation and beta

The fund equity is performing well in the market the risk trader can optimize his

return from the funds equity fund which give which give high return with high risk

The risk averse can invest in Corporate Bond Gilt Money Market the normal

investor can invest in is Equity Growth Balanced Corporate Bond Gilt Money

Market with moderate return and moderate risk

Depending on the computation of return standard deviation Beta sharpe index

treynor index it made the investor easier to decide to invest in ULIPS and if they

invest which fund to opt for

This study makes the investors to understand clearly the performance of each fund

in RELIANCE life insurance it makes easier for them to rake the right decision

74

FINDING

1 Life insurance Corporation of India is the first public sector organization

under investment institutions because of unmapped life insurance marker in

india there is part of scope for private insurance companies to enter into

Indian marker which play a prominent role in selling insurance plans

2 The insurance companies are now a days selling the policies whose

performance is based on market conditions which once otherwise popular as

unit linked insurance plans

3 From among all the unit linked insurance plans life time money market plan

has unique feature of life time money market which accumulates savings and

creates a retirement by investing regularly in unit linked policy and to get

regular income post retirement

4 A unit linked plan provides an opportunity for the discerning investor to

benefit from the returns available in the capital market without going for

direct investment in the capital market

5 In the entire unit linked insurance policies the investment risk in investment

portfolio burned by the policy holders

6 These loans are grouped under different funds and these funds are invested

in capital market to yield high returns

75

7 The different fund options which are available in RELIANCE life insurance

are is Equity Growth Balanced Corporate Bond Gilt Money Market

8 According to the sharpe and treyonor index the funds Gilt amp Equity has

ranked first and second respectively with high return and risk According to

sharpe index and treynor index the funds corporate amp balanced as ranked

fifth and sixth respectively with comparatively less risk and less return

76

SUGGESTIONS

The unit linked insurance plans gives the return which are market based and are ricky So the companies should regulate the funds which give almost benefit to the investments

Since people are getting aware of capital markers and are showing interest in defferent financial investments other than traditional products RELIANCE life insurance should take almost care to inform the investor in detail about their ULIPS and all the fund options available for each plan

Among all the funds in RELIANCE life insurance the funds gilt amp equity funds ranked first second respectively which can be optimistic investors and the company should manage these funds in spite of high fluctuations in market

The funds ulip balanced can be most likely investors which yield moderate return and risk and company should notice that the fund yields constant returns The other funds like Equity Growth Balanced Corporate Bond Gilt Money Market yield very low return compare to other funds so the company should take almost care in managing the funds portfolio with the moving marker conditions to have constant returns

Except equity of the funds are performing negatively according to shrpe and treynor index It can be suggested to turn out the negative performance into positive performance by managing the portfolio of the efficiently and effectively

77

BIBLIOGRAPHY

BOODS

1 Security analysis and portfolio management - Puunithavathi Pandian

2 Investment management - VK Bhalla

3 Security analysis and portfolio management - VA Avadhani

BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES

1 www Irdaindia-orgwwwirda onlineorg

2 www Reliance lifecom

3 wwwmoneycontrolcom

4 wwwinsurance amp lifecom

NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78

UNIT LINKED INSURANCE PLAN

ULIP stands for Unit Linked Insurance Plans As we know that insurance is

for protecting our life from the any uncertain events like death or accident The

purpose of the normal insurance plan is just protecting the life but not ensuring any

savings for the future Many

People wanted plan which gives protection also gives the returns for their

investment So

Insurance companies come up with the ULIP plan where the premium about is

invested in the

Share market and returns better income on the maturity period

A policy which provides for life insurance where the policy value at

time varies according to the underlying assets at the time

Unit linked insurance plans (ULIP) is life insurance solution that

Provides client with the benefits of flexibility in investment

The investment is denoted as units and is represented by the value that

it has attained called as NET ASSET VALUE (NAV)

In todayrsquos times ndashULIP provides solutions for all the needs of a client

like insurance planning financial needs financial needs for childrenrsquos future and

retirement planning

BENEFITS OF UNIT LINKED PLAN

2



1 Life protection



Switch option

Premium redirection



4 Transparency


NEED FOR THE STUDY

3















SCOPE OF THE STUDY

4






5


companies





INSURANCE



and risk

METHODOLOGY

6


secondary data

Primary Data



Secondary Data




7


below




INDUSTRY PROFILE

8
























9











from the word


LIFE INSURANCE













10





50

10

4

5

5

6

42

13

1 8

MARKET SHARE




Financial Advisor







11























12





compensation





same old position














13























14





insurer


insurance business





came into being






15





















shown in the policy

16


























17






















business deals

18



















1) Nomination -

19





2) Assignment -



3) Death Benefit -




surrendered

4) Cash Value -




death

5) Dividends -




20



additions

7) Policy Loans -




opportunity









continue to grow


1) Risk cover -



2) Tax Deduction -

21




3) Loans -











ECONOMY









22




EVALUATION OF IRDA


















23

IRDA









Objectives of IRDA



insurances industry



of LIC


companies is



24


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78



1 Life protection



Switch option

Premium redirection



4 Transparency


NEED FOR THE STUDY

3















SCOPE OF THE STUDY

4






5


companies





INSURANCE



and risk

METHODOLOGY

6


secondary data

Primary Data



Secondary Data




7


below




INDUSTRY PROFILE

8
























9











from the word


LIFE INSURANCE













10





50

10

4

5

5

6

42

13

1 8

MARKET SHARE




Financial Advisor







11























12





compensation





same old position














13























14





insurer


insurance business





came into being






15





















shown in the policy

16


























17






















business deals

18



















1) Nomination -

19





2) Assignment -



3) Death Benefit -




surrendered

4) Cash Value -




death

5) Dividends -




20



additions

7) Policy Loans -




opportunity









continue to grow


1) Risk cover -



2) Tax Deduction -

21




3) Loans -











ECONOMY









22




EVALUATION OF IRDA


















23

IRDA









Objectives of IRDA



insurances industry



of LIC


companies is



24


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78















SCOPE OF THE STUDY

4






5


companies





INSURANCE



and risk

METHODOLOGY

6


secondary data

Primary Data



Secondary Data




7


below




INDUSTRY PROFILE

8
























9











from the word


LIFE INSURANCE













10





50

10

4

5

5

6

42

13

1 8

MARKET SHARE




Financial Advisor







11























12





compensation





same old position














13























14





insurer


insurance business





came into being






15





















shown in the policy

16


























17






















business deals

18



















1) Nomination -

19





2) Assignment -



3) Death Benefit -




surrendered

4) Cash Value -




death

5) Dividends -




20



additions

7) Policy Loans -




opportunity









continue to grow


1) Risk cover -



2) Tax Deduction -

21




3) Loans -











ECONOMY









22




EVALUATION OF IRDA


















23

IRDA









Objectives of IRDA



insurances industry



of LIC


companies is



24


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78






5


companies





INSURANCE



and risk

METHODOLOGY

6


secondary data

Primary Data



Secondary Data




7


below




INDUSTRY PROFILE

8
























9











from the word


LIFE INSURANCE













10





50

10

4

5

5

6

42

13

1 8

MARKET SHARE




Financial Advisor







11























12





compensation





same old position














13























14





insurer


insurance business





came into being






15





















shown in the policy

16


























17






















business deals

18



















1) Nomination -

19





2) Assignment -



3) Death Benefit -




surrendered

4) Cash Value -




death

5) Dividends -




20



additions

7) Policy Loans -




opportunity









continue to grow


1) Risk cover -



2) Tax Deduction -

21




3) Loans -











ECONOMY









22




EVALUATION OF IRDA


















23

IRDA









Objectives of IRDA



insurances industry



of LIC


companies is



24


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78


companies





INSURANCE



and risk

METHODOLOGY

6


secondary data

Primary Data



Secondary Data




7


below




INDUSTRY PROFILE

8
























9











from the word


LIFE INSURANCE













10





50

10

4

5

5

6

42

13

1 8

MARKET SHARE




Financial Advisor







11























12





compensation





same old position














13























14





insurer


insurance business





came into being






15





















shown in the policy

16


























17






















business deals

18



















1) Nomination -

19





2) Assignment -



3) Death Benefit -




surrendered

4) Cash Value -




death

5) Dividends -




20



additions

7) Policy Loans -




opportunity









continue to grow


1) Risk cover -



2) Tax Deduction -

21




3) Loans -











ECONOMY









22




EVALUATION OF IRDA


















23

IRDA









Objectives of IRDA



insurances industry



of LIC


companies is



24


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78


secondary data

Primary Data



Secondary Data




7


below




INDUSTRY PROFILE

8
























9











from the word


LIFE INSURANCE













10





50

10

4

5

5

6

42

13

1 8

MARKET SHARE




Financial Advisor







11























12





compensation





same old position














13























14





insurer


insurance business





came into being






15





















shown in the policy

16


























17






















business deals

18



















1) Nomination -

19





2) Assignment -



3) Death Benefit -




surrendered

4) Cash Value -




death

5) Dividends -




20



additions

7) Policy Loans -




opportunity









continue to grow


1) Risk cover -



2) Tax Deduction -

21




3) Loans -











ECONOMY









22




EVALUATION OF IRDA


















23

IRDA









Objectives of IRDA



insurances industry



of LIC


companies is



24


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78


below




INDUSTRY PROFILE

8
























9











from the word


LIFE INSURANCE













10





50

10

4

5

5

6

42

13

1 8

MARKET SHARE




Financial Advisor







11























12





compensation





same old position














13























14





insurer


insurance business





came into being






15





















shown in the policy

16


























17






















business deals

18



















1) Nomination -

19





2) Assignment -



3) Death Benefit -




surrendered

4) Cash Value -




death

5) Dividends -




20



additions

7) Policy Loans -




opportunity









continue to grow


1) Risk cover -



2) Tax Deduction -

21




3) Loans -











ECONOMY









22




EVALUATION OF IRDA


















23

IRDA









Objectives of IRDA



insurances industry



of LIC


companies is



24


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78
























9











from the word


LIFE INSURANCE













10





50

10

4

5

5

6

42

13

1 8

MARKET SHARE




Financial Advisor







11























12





compensation





same old position














13























14





insurer


insurance business





came into being






15





















shown in the policy

16


























17






















business deals

18



















1) Nomination -

19





2) Assignment -



3) Death Benefit -




surrendered

4) Cash Value -




death

5) Dividends -




20



additions

7) Policy Loans -




opportunity









continue to grow


1) Risk cover -



2) Tax Deduction -

21




3) Loans -











ECONOMY









22




EVALUATION OF IRDA


















23

IRDA









Objectives of IRDA



insurances industry



of LIC


companies is



24


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78











from the word


LIFE INSURANCE













10





50

10

4

5

5

6

42

13

1 8

MARKET SHARE




Financial Advisor







11























12





compensation





same old position














13























14





insurer


insurance business





came into being






15





















shown in the policy

16


























17






















business deals

18



















1) Nomination -

19





2) Assignment -



3) Death Benefit -




surrendered

4) Cash Value -




death

5) Dividends -




20



additions

7) Policy Loans -




opportunity









continue to grow


1) Risk cover -



2) Tax Deduction -

21




3) Loans -











ECONOMY









22




EVALUATION OF IRDA


















23

IRDA









Objectives of IRDA



insurances industry



of LIC


companies is



24


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78





50

10

4

5

5

6

42

13

1 8

MARKET SHARE




Financial Advisor







11























12





compensation





same old position














13























14





insurer


insurance business





came into being






15





















shown in the policy

16


























17






















business deals

18



















1) Nomination -

19





2) Assignment -



3) Death Benefit -




surrendered

4) Cash Value -




death

5) Dividends -




20



additions

7) Policy Loans -




opportunity









continue to grow


1) Risk cover -



2) Tax Deduction -

21




3) Loans -











ECONOMY









22




EVALUATION OF IRDA


















23

IRDA









Objectives of IRDA



insurances industry



of LIC


companies is



24


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78























12





compensation





same old position














13























14





insurer


insurance business





came into being






15





















shown in the policy

16


























17






















business deals

18



















1) Nomination -

19





2) Assignment -



3) Death Benefit -




surrendered

4) Cash Value -




death

5) Dividends -




20



additions

7) Policy Loans -




opportunity









continue to grow


1) Risk cover -



2) Tax Deduction -

21




3) Loans -











ECONOMY









22




EVALUATION OF IRDA


















23

IRDA









Objectives of IRDA



insurances industry



of LIC


companies is



24


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78





compensation





same old position














13























14





insurer


insurance business





came into being






15





















shown in the policy

16


























17






















business deals

18



















1) Nomination -

19





2) Assignment -



3) Death Benefit -




surrendered

4) Cash Value -




death

5) Dividends -




20



additions

7) Policy Loans -




opportunity









continue to grow


1) Risk cover -



2) Tax Deduction -

21




3) Loans -











ECONOMY









22




EVALUATION OF IRDA


















23

IRDA









Objectives of IRDA



insurances industry



of LIC


companies is



24


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78























14





insurer


insurance business





came into being






15





















shown in the policy

16


























17






















business deals

18



















1) Nomination -

19





2) Assignment -



3) Death Benefit -




surrendered

4) Cash Value -




death

5) Dividends -




20



additions

7) Policy Loans -




opportunity









continue to grow


1) Risk cover -



2) Tax Deduction -

21




3) Loans -











ECONOMY









22




EVALUATION OF IRDA


















23

IRDA









Objectives of IRDA



insurances industry



of LIC


companies is



24


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78





insurer


insurance business





came into being






15





















shown in the policy

16


























17






















business deals

18



















1) Nomination -

19





2) Assignment -



3) Death Benefit -




surrendered

4) Cash Value -




death

5) Dividends -




20



additions

7) Policy Loans -




opportunity









continue to grow


1) Risk cover -



2) Tax Deduction -

21




3) Loans -











ECONOMY









22




EVALUATION OF IRDA


















23

IRDA









Objectives of IRDA



insurances industry



of LIC


companies is



24


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78





















shown in the policy

16


























17






















business deals

18



















1) Nomination -

19





2) Assignment -



3) Death Benefit -




surrendered

4) Cash Value -




death

5) Dividends -




20



additions

7) Policy Loans -




opportunity









continue to grow


1) Risk cover -



2) Tax Deduction -

21




3) Loans -











ECONOMY









22




EVALUATION OF IRDA


















23

IRDA









Objectives of IRDA



insurances industry



of LIC


companies is



24


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78


























17






















business deals

18



















1) Nomination -

19





2) Assignment -



3) Death Benefit -




surrendered

4) Cash Value -




death

5) Dividends -




20



additions

7) Policy Loans -




opportunity









continue to grow


1) Risk cover -



2) Tax Deduction -

21




3) Loans -











ECONOMY









22




EVALUATION OF IRDA


















23

IRDA









Objectives of IRDA



insurances industry



of LIC


companies is



24


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78






















business deals

18



















1) Nomination -

19





2) Assignment -



3) Death Benefit -




surrendered

4) Cash Value -




death

5) Dividends -




20



additions

7) Policy Loans -




opportunity









continue to grow


1) Risk cover -



2) Tax Deduction -

21




3) Loans -











ECONOMY









22




EVALUATION OF IRDA


















23

IRDA









Objectives of IRDA



insurances industry



of LIC


companies is



24


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78



















1) Nomination -

19





2) Assignment -



3) Death Benefit -




surrendered

4) Cash Value -




death

5) Dividends -




20



additions

7) Policy Loans -




opportunity









continue to grow


1) Risk cover -



2) Tax Deduction -

21




3) Loans -











ECONOMY









22




EVALUATION OF IRDA


















23

IRDA









Objectives of IRDA



insurances industry



of LIC


companies is



24


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78





2) Assignment -



3) Death Benefit -




surrendered

4) Cash Value -




death

5) Dividends -




20



additions

7) Policy Loans -




opportunity









continue to grow


1) Risk cover -



2) Tax Deduction -

21




3) Loans -











ECONOMY









22




EVALUATION OF IRDA


















23

IRDA









Objectives of IRDA



insurances industry



of LIC


companies is



24


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78



additions

7) Policy Loans -




opportunity









continue to grow


1) Risk cover -



2) Tax Deduction -

21




3) Loans -











ECONOMY









22




EVALUATION OF IRDA


















23

IRDA









Objectives of IRDA



insurances industry



of LIC


companies is



24


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78




3) Loans -











ECONOMY









22




EVALUATION OF IRDA


















23

IRDA









Objectives of IRDA



insurances industry



of LIC


companies is



24


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78




EVALUATION OF IRDA


















23

IRDA









Objectives of IRDA



insurances industry



of LIC


companies is



24


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78

IRDA









Objectives of IRDA



insurances industry



of LIC


companies is



24


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78


IRDA

















25




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78




insurance business











intermediaries




to in clause

26

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78

COMPANY PROFILE

















27

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78

22 HISTORY












BOARD OF DIRECTORS






28

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78

















Mumbai


29


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78


















30













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78













4) Web Portal -





31

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78

5) R World -



Lead Generators

6) SMS Alerts -











8) Advisor Lounge -




32














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78














Management Systems

25 MISSION




33

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78

26 CORE VALUES


listed as follows

1) Result Oriented


3) Customer Focused


5) Employee Centric

6) Informal and Fun

27 FUTURE PLANS



coming year





Mumbai

34

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78

GLOSSARY





ANNUITY




ASSIGHMENT









cases

35





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78





BENEFICIARY









COLLATERAL









36



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78



DATING BACK







DEATH BENEFIT



ENDOWMENT






insurance

GRACE PERIOND

37




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78




IMMEDIATE ANNUITY



INSURANCE



LAPSE



paid-up insurance




LIFE EXPECTANCY




LIFE ANNUITY

38




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78




MATURITY DATE



POLOCU BONUSES






PREMIUM



RENEWAL PREMIUMS



39



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78



1SECTION 10(10 D)


2SECTION 80 (CCC)


exempted

3SECTION 80 (DD)



4SECTION 80 (C)



40








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78








etc














41


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78


return


important


allocation


charges service



for


investment Unit


with the


for life


underlying

assets at the time


attained called as


in Western

42


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78


ULIP is



insurance needs


a client


and

retirement planning

What Is ULIP


protecting


normal


Many


investment So


invested in the




43


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78


called so


bonus


protection


differently


pool


insurance and

management expenses


maturity



charges


management


stocks or



by the fund

44


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78


the insured


three choices



year




consumer The


1 Life protection



Switch option

Premium redirection



4 Transparency

45



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78



Disability

Critical illness

6 Liquidity


at Maturity

7 Tax planning


46

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78

LESS 20 20000-4000=160000

16000-750=15250


At 150-per thousand


At a NAV of 16-



47


MORTALITY amp RIDER

CHARGES DIDUCTED


REJPRESENTED AS NAV

UNITS ALLOCATED

LIFE PROTECTION










of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78








of return

Rp ndash Rf

St =

σ


sharpe index =



48









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78









Tn =


TATA AIG PRODUCTS

49

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78

ULIP Products




















50





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78





Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Equity 9236

Band deposits 764

Grand total 100

92

8



51


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78


AUG 06 -509 -1381

DEC 06 413 -509

APR 07 -796 0

AUG 07 344 0

DEC07 5124 20

APR 08 0 976

AUG 08 3364 3046

DEC 08 1632 10

APR 09 0 1111

AUG 09 690 941

DEC 09 852 699

APR 10 1705 135

AUG 10 -1984 -1676



52

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-30

-20

-10

0

10

20

30

40

50

60

RpRm

Axis

Title

INTERPRETATION






53






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78






ASSET ALLOCATION

3859

3403

2218

209



54

ALLOCATION TOTAL

Equity 3859

Debentures 3403


gilts 209

Grand total 100


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78


AUG 06 -321 652

DEC 06 567 -139

APR 07 923 498

AUG 07 364 417

DEC07 0 -907

APR 08 129 388

AUG 08 351 196

DEC 08 244 148

APR 09 -367 -126

AUG 09 741 899

DEC 09 497 611

APR 10 -172 -122

AUG 10 967 891




o Covariance 2768

o Bata β 101




55

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78

GRAPH OF BALANCER

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

-6

-4

-2

0

2

4

6

8

10

12

RpRm

INTERPRETATION






56







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78







ASSET ALLOCATION

ALLOCATION TOTAL

Equity 1972

Debentures 5482


gilts 322

Grand total 100

1972

5482

2224

322


57



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78



Oct 08 369 219

JAN09 0 196

APR 09 239 177

JUL09 -453 -649

OCT10 216 -396

APR10 079 226

JUL10 162 341

OCT10 356 027

DEC10 531 329




o Covariance 009

o Bata β 101




58



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78



-8

-6

-4

-2

0

2

4

6

RpRm

INTERPRETATION



index =65 BSE 100




59







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78







ASSET ALLOCATION

3414

6277

309


60

ALLOCATION TOTAL


Debentures 6277

Gilts 309

Grand total 100



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78



AUG 06 403 341

DEC 06 0921 019

APR 07 -181 399

AUG 07 519 164

DEC07 802 781

APR 08 0 146

AUG 08 248 -241

DEC 08 -407 191

APR 09 343 261

AUG 09 121 0

DEC 09 729 518

APR 10 432 291

AUG 10 029 156

DEC10 0 0


61


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78


Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-6

-4

-2

0

2

4

6

8

10

RpRm

INTERPRETATION







maintained

62






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78






Benchmark BSE 100

ASSET ALLOCATION

ALLOCATION TOTAL

Band deposit 69012

Gilts 3088

Grand total 100

6912

3088

Band depositGilts

63



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78



AUG 06 641 791

DEC 06 361 1491

APR 07 489 4291

AUG 07 0 1719

DEC07 -628 -1862

APR 08 1364 1641

AUG 08 419 6

DEC 08 861 -241

APR 09 941 6

AUG 09 961 472

DEC 09 0 0

APR 10 246 921

AUG 10 -64 -142

DEC10 2816 2362


64


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78


GRAPH OF ULIP GILT

Year 6-Aug

6-Dec

7-Apr

7-Aug

7-Dec

8-Apr

8-Aug

8-Dec

9-Apr

9-Aug

9-Dec

10-Apr

10-Aug

10-Dec

-30

-20

-10

0

10

20

30

40

50

60

RpRm

INTERPRETATION








65






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78






ASSET ALLOCATION

ALLOCATION TOTAL



Grand total 100

9318

682


66



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78



AUG 06 918 42

DEC 06 1462 641

APR 07 462 721

AUG 07 181 0

DEC07 421 621

APR 08 -821 462

AUG 08 916 828

DEC 08 1147 1062

APR 09 1829 1728

AUG 09 0 0

DEC 09 196 362

APR 10 429 524

AUG 10 -329 1229

DEC10 -587 -621


67


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78


Year 06-Aug

06-Dec

07-Apr

07-Aug

07-Dec

08-Apr

08-Aug

08-Dec

09-Apr

09-Aug

09-Dec

10-Apr

10-Aug

10-Sep

-5

0

5

10

15

20

Series 1Series 2

INTERPRETATION












returns

68




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78




Equity 833 1344 095 011 013

Growth 302 716 101 -116 -729

Balanced 166 084 101 -1002 -8149

Corporate

Bond

208 502 101 -1564 -802

Gilt 873 1446 121 162 1421

Money Market 553 621 102 136 -426

69










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78










RpH _ Rf

St = -------------

σ




70

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78

N ON FUND

FREE RATE

OF RETURN

Equity 833 1344 095 -027 3863 12 II

Growth 302 716 101 0142 1009 12 IV

Balanced 166 084 101 -1230 -1023 12 VI

Corporate Bond

208 502 101 -250 1010 12 V

Gilt 873 1446 121 0230 -0226 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION








71












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78












Tn = Rp ndash Rf

Β




72

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78

FUND RETURN ON FUND


OF RETUR

N

RANK

Equity 833 1344 095 011 013 12 II

Growth 302 716 101 -116 -729 12 IV

Balanced 166 084 101 -1002 -8149 12 VI

Corporate Bond

208 502 101 -1564 -802 12 V

Gilt 873 1446 121 162 1421 12 I

Money Market

553 621 102 136 -426 12 III

INTERPRETATION




respectively


-676

73

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78

SUMMARY





















74

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78

FINDING



















75







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78







76

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78

SUGGESTIONS






77

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78

BIBLIOGRAPHY

BOODS




BUSINESS MAGAZINES

1 Business world

2 Business today

WEBSITES





NEWS PAPERS

1 Business line

2 Economic times

3 Times of India

78

an analysis on ulip funds of tata aig

Documents