India First Life - Dynamic Moderator Fund | Insurance Fund Overview

Overview Portfolio Detailed Portfolio Performance Risk & Rating

Growth of 10,000

Returns

Growth of 10K component includes four parts: Growth of 10K chart, Manager Change, Fund Flows, and Annual Return table.
	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	YTD
Investment	4.32	11.01	5.78	4.11	6.74	7.88	3.95	5.03	9.17	7.36	5.50
Category	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Index	3.10	8.24	23.64	2.83	10.66	17.98	19.74	4.80	18.39	12.81	7.04
Quartile Rank	—	—	—	—	—	—	—	—	—	—	—
Percentile Rank	—	—	—	—	—	—	—	—	—	—	—
# of Invest. in Cat.	—	—	—	—	—	—	—	—	—	—	—
Category Name	—	—	—	—	—	—	—	—	—	—	—

Asset Class	Investment	Category	Index
Equity	21.85	32.63	0.00
Fixed Income	63.41	59.37	99.09
Preferred	0.00	0.00	0.00
Convertible	0.00	0.00	0.00
Cash	11.91	7.40	0.90
Other	2.83	0.60	0.00

Stock Style

People

Inception Date

Aug 31, 2013

Number of Managers

Longest Tenure

12.3 Years

Average Tenure

12.3 Years

Advisor(s)

IndiaFirst Life Insurance Company Limited

Management Team

Sandeep Shirsat

Aug 31, 2013 –Present

Viraj Nadkarni

Aug 31, 2013 –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	68	0
Bond Holding	13	0
Other Holding	7	0
Total Holding	88	0

Equity Holdings

Bond Holdings

Other Holdings

Total Holdings

—

As of —

Women Directors %

Women Executives %

Holdings	% Portfolio Weight % Portfolio Weight	First Bought	Market Value as of Sep 30, 2025	Cur Currency	Share Change %	1-Year Return	Forward P/E Forward P/E	Economic Moat Premium content requiring Morningstar subscription, click to subscribe. Economic Moat	ESG Risk Rating Assessment ESG Risk Rating Assessment	Sector
Reliance Industries Ltd	2.16	Sep 30, 2019	6,048,000	INR Indian Rupee	5.62 % Increase	13.62	—	—	—	Energy
Infosys Ltd	1.17	Mar 31, 2020	3,276,000	INR Indian Rupee	12.92 % Decrease	-15.60	21.19	Wide	—	Technology
Bharti Airtel Ltd	1.03	Aug 31, 2021	2,884,000	INR Indian Rupee	30.97 % Increase	28.01	—	—	—	Communication Services
HDFC Bank Ltd	1.03	Sep 30, 2019	2,884,000	INR Indian Rupee	1.04 % Decrease	14.03	—	—	—	Financial Services
HDFC Asset Management Co Ltd	0.76	Sep 30, 2025	2,128,000	INR Indian Rupee	100.00 % Increase	22.27	—	—	—	Financial Services
Larsen & Toubro Ltd	0.75	Aug 31, 2025	2,100,000	INR Indian Rupee	22.64 % Decrease	7.40	—	—	—	Industrials
Bajaj Finance Ltd	0.72	Sep 30, 2024	2,016,000	INR Indian Rupee	15.17 % Increase	55.25	—	—	—	Financial Services
Eternal Ltd	0.61	Mar 31, 2025	1,708,000	INR Indian Rupee	—	19.91	—	—	—	Consumer Cyclical
Tata Steel Ltd	0.54	Aug 31, 2021	1,512,000	INR Indian Rupee	4.61 % Increase	22.54	—	—	—	Basic Materials
Sun Pharmaceuticals Industries Ltd	0.53	Apr 30, 2022	1,484,000	INR Indian Rupee	40.85 % Increase	-4.67	—	—	—	Healthcare

Holdings	% Portfolio Weight	Market Value as of Sep 30, 2025	Cur Currency	Share Change %	Maturity Date	Coupon Rate	Sector
6.45% Government Of India 2029	9.07	25,396,000	—	—	—	6.45	Government
7.25% Government Of India 2063	8.92	24,976,000	—	—	—	7.25	Government
8.8% Lic Housing Finance Ltd 2029	7.58	21,224,000	—	—	—	8.80	Corporate
7.65% Axis Bank Ltd 2027	7.25	20,300,000	—	—	—	7.65	Corporate
7.34% Government Of India 2064	5.42	15,176,000	—	—	—	7.34	Government
7.48% State Government Of Telangana 2050	5.40	15,120,000	—	—	—	7.48	Government
8.05% India Infradebt Limited 2028	4.44	12,432,000	—	—	—	8.05	Corporate
7.18% Government Of India 2037	3.69	10,332,000	—	—	—	7.18	Government
7.8% Hdfc Bank Ltd 2033	3.34	9,352,000	—	—	—	7.80	Corporate
7.8% Shree Cements Ltd 2030	2.78	7,784,000	—	—	—	7.80	Corporate

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	11.87	33,236,000	—	—	—	—	—	—	—
Bharat 22 Etf Icici Pru	0.81	2,268,000	—	—	—	—	—	—	—
Aditya Birla Sun Life Mutual Fund	0.60	1,680,000	—	—	—	—	—	—	—
Uti Mutual Fund	0.60	1,680,000	—	—	—	—	—	—	—
Sbi Mutual Fund	0.47	1,316,000	—	—	—	—	—	—	—
Kotak Mutual Fund	0.35	980,000	—	—	—	—	—	—	—
Cash	0.04	112,000	—	—	—	—	—	—	—

Holdings as of Sep 30, 2025 | The top 88 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.

Growth of 10,000

Returns

Asset Allocation

Stock Style

People

Management Team

Manager Timeline

Morningstar Risk & Return

Holdings

STOCKS

MUTUAL FUNDS

INSURANCE FUNDS