Private life insurer ICICI Prudential Life on Monday reported net profit of `808 crore for the financial year ended March 31, 2011, against `258 crore reported in the corresponding period a year ago. During 2010-11, the insurer recorded a 24 per cent growth in new business premium at `7,862 crore. ICICI Prudential Life's assets under management were higher by 19 per cent at `68,150 crore, compared with 57,319 crore a year ago. This includes an equity corpus of `43,325 crore.
Taurus Tax Shield has seen a turnaround in performance since 2007, but still remains a volatile offering… The fund has seen a turnaround in its performance since 2007 and has delivered impressively during market rallies since then. The portfolio is also more diversified. It contained its downfall to an average level in 2008 but is still one of the most volatile offerings in this category. Bold investors can look at this fund. Strategy The fund manager invests across the market capitalisation and sectors. The selection of stocks is made on the basis of long-term business prospects and value creation. Fund Insight Launched in March 1996, the fund was a laggard with just two annual outperformances. Concentrated stock bets and high exposure to mid and small caps led to it being hit harder during market downturns. The number of stocks in the portfolio never exceeded 20 and it was not rare to see the top 5 holdings account for around 60 per cent of the portfolio. After b...
