<div>Head of fixed income is responsible for performance of entire fixed income portfolio of the company. Fixed income<br /> portfolio is divided in two segments &ndash; 1. Non Unit Linked portfolio also known as Traditional portfolio 2. Unit linked<br /> portfolio which is popularly known as ULIP<br /> The role is divided across managing four broad categories of fixed income portfolio namely Traditional Funds &ndash; PAR<br /> and Non PAR, Group funds, Shareholder funds and ULIP funds. Although the underlying theme remains forecasting<br /> the interest rate trajectory, implementation of the same varies across the product types depending upon the<br /> underlying product structure and regulatory constraints.</div> <div>In Group Variable Income Plans, in addition to taking an underlying view on the expected trend of interest rates, time<br /> dependency of the view has to be arrived upon given the up-front yield guaranty built into the proposed product. This<br /> involves close interaction with the actuarial and the group sales in order to arrive at an expected return profile<br /> depending upon the projected inflows.</div> <div>Similarly the PAR platform involves a whole new dimension of aligning investments with a view to managing the<br /> expected cash flows as well as taking appropriate risk exposure in case of the estate that the product generates so as<br /> to produce higher risk-adjusted returns and hence product profitability.</div> <div>Management of Shareholder funds involves liquidity management to meet the day to day expenses of the Company<br /> and generate income for the Shareholders by investing within the Regulations, impacting the profitability</div>