Fund Options

The policy offers four fund options namely

Fund Option Segregated Fund Identification number (SFIN)
Group Balanced Fund 4 ULGF02105/06/13GBALANCE04121
Group Equity Fund 4 ULGF02205/06/13GEQUITYF04121
Group Corporate Bond Fund 3 ULGF02305/06/13GCORBOND03121
Group Money Market Fund 2 ULGF00930/09/08GMONMRKT02121

The asset allocation investment policy and Segregated Fund Identification Number are given below:

Fund NameInvestment ObjectivesAsset CategoryAsset Allocation Range (%)Target (%)
Group Equity Fund 4 (SFIN: ULGF02205/06/13GEQUITYF04121) Provide high real rate of return in the long term through high exposure to equity investments, while recognizing that there is significant probability of negative returns in the short term. The risk appetite is 'high' Corporate bonds and other debt instruments/ Bank deposits/ Money market instruments. 0 - 10 0
Equities 0 - 100 100
Group Corporate Bond Fund 3 
(SFIN: ULGF02305/06/13GCORBOND03121)
Provide returns that exceed the inflation rate, while taking some credit risk (through investments in corporate debt instruments) and maintaining a moderate probability of negative return in the short term. The risk appetite is 'low to moderate' Money market instruments including liquid mutual funds and bank deposits 0 - 10 0
Corporate bonds/ debentures and other debt instruments excluding money market instruments 0-100 100
Group Money Market Fund 2 (SFIN: ULGF00930/09/08GMONMRKT02121) Maintain the capital value of all contributions (net of charges) and all interest additions, at all times. The risk appetite is 'low'. Money market instruments including liquid mutual funds and bank deposits 100 100
Group Balanced Fund 4
(SFIN: ULGF02105/06/13GBALANCE04121)
The investment objective of the fund is to 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 'low to moderate'. Money market instruments incl. liquid mutual funds and bank deposits 0 - 10 0
Debt Securities such as gilts, corporate debt excluding Money market instruments. 0 - 85 80
Equities 0 - 25 20


Within a fund, if the target investment in one asset class is less than 100%, the remaining balance would be invested in the other asset classes mentioned under a fund.

Whilst every attempt would be made to attain target levels prescribed above, it may not be possible to maintain the prescribed 'target' at all times owing to market volatility, availability of market volumes and other related factors. The 'target' may be attained on a 'best effort' basis. However, the asset allocation will always fall within the asset allocation range mentioned in respect of each fund.

Fund Value of a Group Leave Encashment scheme

The company will credit the account with;

  • a. Leave encashment contributions paid by the trustees from the date these contributions were received and invested by us;

  • b. Leave encashments benefits transferred in from a former Leave encashment scheme with effect from the date such benefits were received and invested by us;



and debit the account with;

  • a. benefits paid as and when these arise;

    b. applicable charges;

    c. taxes, duties or surcharges or whatever description levied by any statutory authority;

    d. insurance premium.


The Fund Value of a leave encashment scheme at any time is the number of units allocated to the policy at that time multiplied by the applicable unit price. If a policyholder holds units in more than one unit-linked fund, then the Fund Value for that policyholder is the total value across all unit-linked funds.


Computation of NAV:

The NAV for a particular fund shall be computed as: Market Value of investment held by the fund plus the value of current assets less the value of current liabilities and provisions, if any. This gives the net asset value of the fund. Dividing by the number of units existing at the valuation date (before creation/redemption of units), gives the unit price of the fund under consideration.

In case the valuation day falls on a holiday, then the exercise will be done on the following working day.


For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. UIN for Reliance Group Leave Encashment Plus Plan – 121L083V02

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