ULIPs On Par With Other Funds

Ali On Content / 22 Nov 2010


Q. I have an insurance policy of Birla Life Insurance. My policy start date is Sept. 2007 and my instalment is Rs 30,000 for 5 years. The policy is market related and my fund is a Creator Fund. Please tell me the future of this policy.

- Ravi R, on email
A. Ravi, though I am generally against ULIPs, here goes! The Creator Fund is a balanced fund with a mandate to go up to 50 per cent to 70 per cent in equities and the balance in debt instruments including government bonds and corporate bonds. The equity portfolio is large cap oriented. Presently, 49 per cent is in equities and the balance in bonds. The top three sectors held are Banking – 20.75 per cent, Capital Goods – 12.6 per cent, and Oil and Gas – 10.87 per cent. The top holdings include Reliance Industries Ltd., Infosys, ICICI Bank, Larsen and Toubro and SBI. Its last 3 year growth has been 14.53 per cent CAGR and 5 year growth has been 19 per cent CAGR which compares with some of the other balanced funds. As far as the fund goes, it has been delivering a good performance.

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