India First Life - Balanced Fund | Insurance Fund Overview

NAV / 1-Day Return

37.86 / 0.04%

Total Assets

1.3 Bil

Inception Date

Nov 18, 2009

Expense Ratio

—

Fee Level

—

Load

None

Growth of 10,000

Investment

24,528

Index

N/A

Returns

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	YTD
Investment	-0.10	7.66	15.64	0.92	11.51	10.53	20.32	8.71	16.29	7.95	-3.42
Category	2.48	8.84	15.57	1.69	8.36	12.73	13.97	2.70	14.36	10.10	N/A
Index	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Quartile Rank	Quartile Rank is third	Quartile Rank is second	Quartile Rank is third	Quartile Rank is third	Quartile Rank is first	Quartile Rank is fourth	Quartile Rank is first	Quartile Rank is first	Quartile Rank is second	Quartile Rank is fourth	—
Percentile Rank	72	33	52	71	7	88	4	1	30	86	—
# of Invest. in Cat.	91	95	95	93	75	90	91	89	87	89	—
Category Name	IN043 India Insurance Aggressive Allocation	IN043 India Insurance Aggressive Allocation	IN012 India Insurance Balanced Allocation	IN012 India Insurance Balanced Allocation	IN012 India Insurance Balanced Allocation	IN012 India Insurance Balanced Allocation	IN012 India Insurance Balanced Allocation	IN012 India Insurance Balanced Allocation	IN012 India Insurance Balanced Allocation	IN012 India Insurance Balanced Allocation	IN012 India Insurance Balanced Allocation

Asset Class	Investment	Category	Index
Equity	56.58	47.31	–
Fixed Income	33.16	47.71	–
Preferred	0.00	0.00	–
Convertible	0.00	0.00	–
Cash	2.97	2.30	–
Other	7.29	2.69	–

Stock Style

People

Inception Date

Nov 18, 2009

Number of Managers

Longest Tenure

15.3 Years

Average Tenure

15.3 Years

Advisor(s)

IndiaFirst Life Insurance Company Limited

Management Team

Sandeep Shirsat

Nov 18, 2009 –Present

Viraj Nadkarni

Nov 18, 2009 –Present

Manager Timeline

Male
Female
Non-Binary
Not Disclosed
Not Available

Morningstar Risk & Return

Risk vs. Category

Return vs. Category

Holdings

Portfolio Holdings	# Long	# Short
Equity Holding	43	0
Bond Holding	12	0
Other Holding	9	0
Total Holding	64	0

Equity Holdings

Bond Holdings

Other Holdings

Total Holdings

—

As of —

Women Directors %

Women Executives %

Holdings	% Portfolio Weight	First Bought	Market Value as of Feb 28, 2025	Cur Currency	Share Change %	1-Year Return	Forward P/E	Economic Moat	ESG Risk Rating Assessment	Sector
Reliance Industries Ltd	6.11	Sep 30, 2019	59,267,000	INR Indian Rupee	7.20 % Decrease	-12.52	—	—	—	Energy
HDFC Bank Ltd	5.90	Mar 31, 2020	57,230,000	INR Indian Rupee	19.11 % Decrease	18.19	—	—	—	Financial Services
Infosys Ltd	3.40	Aug 31, 2023	32,980,000	INR Indian Rupee	35.07 % Decrease	1.08	21.19	Narrow	—	Technology
ICICI Bank Ltd	2.91	Jan 31, 2021	28,227,000	INR Indian Rupee	23.52 % Decrease	16.25	17.33	—	—	Financial Services
ITC Ltd	2.80	Aug 31, 2023	27,160,000	INR Indian Rupee	23.20 % Decrease	10.07	—	—	—	Consumer Defensive
Bharti Airtel Ltd	2.43	Sep 30, 2019	23,571,000	INR Indian Rupee	4.22 % Increase	40.36	—	—	—	Communication Services
Larsen & Toubro Ltd	2.43	Jan 31, 2021	23,571,000	INR Indian Rupee	35.91 % Decrease	-9.14	—	—	—	Industrials
Tata Consultancy Services Ltd	2.24	Aug 31, 2023	21,728,000	INR Indian Rupee	15.79 % Decrease	-12.39	21.83	Wide	—	Technology
Bajaj Finance Ltd	2.23	Sep 30, 2024	21,631,000	INR Indian Rupee	27.45 % Decrease	30.98	—	—	—	Financial Services
Kotak Mahindra Bank Ltd	1.64	Sep 30, 2024	15,908,000	INR Indian Rupee	10.02 % Decrease	14.89	—	—	—	Financial Services

Holdings	% Portfolio Weight	Market Value as of Feb 28, 2025	Cur Currency	Share Change %	Maturity Date	Coupon Rate	Sector
7.18% Government Of India 2037	6.82	66,154,000	—	—	—	7.18	Government
7.1% Government Of India 2034	4.72	45,784,000	—	—	—	7.10	Government
7.17% Government Of India 2028	3.39	32,883,000	—	—	—	7.17	Government
5.77% Government Of India 2030	3.20	31,040,000	—	—	—	5.77	Government
7.13% Lic Housing Finance Ltd 2031	3.04	29,488,000	—	—	—	7.13	Corporate
6.85% Indian Railways Finance Corporation 2040	2.94	28,518,000	—	—	—	6.85	Corporate
7.85% Lic Housing Finance Ltd 2032	2.63	25,511,000	—	—	—	7.85	Corporate
6.79% Government Of India 2027	2.06	19,982,000	—	—	—	6.79	Government
8.1% Government Of India 2034	1.55	15,035,000	—	—	—	8.10	Government
5.63% Government Of India 2026	1.53	14,841,000	—	—	—	5.63	Government

Holdings	% Portfolio Weight	Market Value	Cur Currency	Prospectus Net Expense Ratio	1-Year Return	Morningstar Rating	Medalist Rating	Total Assets	Morningstar Category
Money Market Instruments	2.96	28,712,000	—	—	—	—	—	—	—
Icici Prudential Nifty Bank Etf	1.33	12,901,000	—	—	—	—	—	—	—
Sbi-Etf Nifty Bank	1.30	12,610,000	—	—	—	—	—	—	—
Aditya Birla Sun Life Nifty Bank Etf	1.16	11,252,000	—	—	—	—	—	—	—
Kotak Banking Etf	1.15	11,155,000	—	—	—	—	—	—	—
Hdfc Nifty Bank Etf	1.11	10,767,000	—	—	—	—	—	—	—
Uti Nifty Bank Etf	0.93	9,021,000	—	—	—	—	—	—	—
Nippon India Etf Nifty Bank Bees	0.31	3,007,000	—	—	—	—	—	—	—
Cash	0.01	97,000	—	—	—	—	—	—	—

Holdings as of Feb 28, 2025 | The top 64 largest holdings are available for display across Equity, Bond and Other.

About Us

Connect With Us

© Copyright 2025 Morningstar, Inc. All rights reserved. Please read our Terms of Use above. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
As of December 1st, 2023, the ESG-related information, methodologies, tools, ratings, data and opinions contained or reflected herein are not directed to or intended for use or distribution to India-based clients or users and their distribution to Indian resident individuals or entities is not permitted, and Morningstar/Sustainalytics accepts no responsibility or liability whatsoever for the actions of third parties in this respect.
Company: Morningstar India Private Limited; Regd. Office: 9th floor, Platinum Technopark, Plot No. 17/18, Sector 30A, Vashi, Navi Mumbai – 400705, Maharashtra, India; CIN: U72300MH2004PTC245103; Telephone No.: +91-22-61217100; Fax No.: +91-22-61217200; Contact: Morningstar India Help Desk (e-mail: helpdesk.in@morningstar.com) in case of queries or grievances.