Calculation of NAV. The Sponsor or its delegate shall calculate and publish the Trust’s NAV on each Business Day as of 4:00 p.m., New York time, or as soon as practicable thereafter. In order to calculate the NAV , the Sponsor shall:
Calculation of NAV. The Net Asset Value per Unit in respect of each particular Fund Option will be determined by using the following formula: (Market / Fair Value of Fund + Current Assets + Accrued income — Current Liabilities — provisions) divided by number of Units outstanding) There are two Fund Options which have different risk-return profiles and different asset allocation patterns. Each Fund Option is referenced to separate and identifiable assets of The Company. At any point in time the Group Policy Holder’s existing Units and the new Units to be created from future Contributions should be attached to any one or both of these Fund Options in such proportion as defined in the Schedule or in any endorsement there to: The investment objectives and investment patterns associated with the different Fund Options are explained in the following sections: 1. Debt Fund: Investment Objective To earn regular income by investing in high quality fixed income securities. Investment Pattern 5.5 Fund Options This fund will primarily invest in a portfolio of bonds and other fixed income securities issued by the Government, Government Agencies and Corporate Issuers rated AA and above. To meet liquidity needs, a small portion of the investments will be held in the form of money market instruments. 2. Balanced Fund: Investment Objective To generate capital appreciation and current income, through a judicious mix of investments in Equities and Fixed Income Securities. Investment Pattern This fund will invest in a portfolio of listed equities and high investment grade fixed income securities, government bonds, infrastructure bonds and money market instruments. The fund intends to adopt a relatively balanced approach towards exposure to bonds and equities with the objective of achieving capital appreciation with reduced short-term volatility. The Fund will target to invest 35% in blue chip constituent stocks of the Nifty 50 index. If the Group Policy Holder does not select a Fund Option in which to invest, the units will be invested in the Debt Fund, or the most conservative fund then being offered by The Company under this Group Policy . The following table presents the minimum and maximum percentages of funds to be invested in different asset classes for the different Fund Options .Table A : Asset Allocation Patterns for the Different Fund Options: Caps The actual asset allocations patterns under each of the Fund Options will be governed by the aforesaid caps; the relevant provisions of the...
