Balance Sheet Note_05

5  Investments

(₹ In Crore)

Particulars

Non–current investments

Current investments

As at 31 March

As at 31 March

2024

2023

2024

2023

   

(A)

Investment in subsidiaries

Investment carried at cost

In subsidiaries

Unquoted:

1,980,000

(1,980,000 ) Equity Shares of Euro 100 each in Bajaj Auto International Holding B V Amsterdam, Netherlands

1,218.72

1,218.72

–

–

449,997

(449,997) Equity Shares of 100 Thai Baht each in Bajaj Auto (Thailand) Ltd

10.54

10.54

–

–

411,875

(411,875) Equity Shares of USD 3 each in PT. Bajaj Auto Indonesia

6.17

6.17

–

–

Less: Provision for diminution in the value of investment

2.17

2.17

–

–

4.00

4.00

–

–

470,000,000

(470,000,000) Equity Shares of ₹ 10 each in Chetak Technology Ltd.

470.00

470.00

–

–

52,000,000

(30,000,000) Equity Shares of Reais 1 each in Bajaj do Brasil Comercio De Motocicletas Ltda

84.99

48.00

–

–

295,000,000

(30,000,000) Equity Shares of ₹ 10 each in Bajaj Auto Credit Ltd.

295.00

30.00

–

–

6,000

(6,000) Equity Shares of 100 Euro each in Bajaj Auto Spain S.L.U.

5.17

5.17

–

–

Total (A)

2,088.42

1,786.43

–

–

    

(B)

Other Investments

Investment carried at Fair Value through OCI

In Equities:

Quoted:

3,500,000

(3,500,000) Equity Shares of ₹ 10 each in Bajaj Holdings & Investments Ltd.

2,895.46

2,072.04

–

–

Unquoted:

23,924

(20,576) Compulsorily Convertible Preference Shares of ₹ 100 each in Yulu Bikes Private Ltd.

257.04

202.90

–

–

100

(100) Equity Shares of ₹ 1 each in Yulu Bikes Private Ltd.

0.08

0.08

–

–

Fair Value

3,152.58

2,275.02

–

–

     

Investment carried at amortised cost

In Bonds and debentures:

Quoted:

–

(500) 8.30% Rural Electrification Corporation Ltd. of ₹ 1,000,000 each

–

52.22

–

–

–

(300) 8.11% Rural Electrification Corporation Ltd. of ₹ 1,000,000 each

–

31.49

–

–

–

(1,350) 5.85% Rural Electrification Corporation Ltd. of ₹ 1,000,000 each

–

135.04

–

–

–

(3,000) 6.80% Rural Electrification Corporation Ltd. of ₹ 1,000,000 each

–

–

–

301.46

–

(1,650) 6.92% Rural Electrification Corporation Ltd. of ₹ 1,000,000 each

–

–

–

165.16

–

(1,500) 6.50% Power Finance Corporation Ltd. of ₹ 1,000,000 each

–

152.08

–

–

–

(500) 7.04% Power Finance Corporation Ltd. of ₹ 1,000,000 each

–

–

–

50.04

–

(3,100) 6.72% Power Finance Corporation Ltd. of ₹ 1,000,000 each

–

–

–

310.93

–

(2,500) 6.75% Power Finance Corporation Ltd. of ₹ 1,000,000 each

–

–

–

250.55

500

(500) 8.18% National Bank for Agriculture and Rural Development of ₹ 1,000,000 each

52.94

53.46

–

–

1,750

(1,750) 8.24% National Bank for Agriculture and Rural Development of ₹ 1,000,000 each

186.86

188.81

–

–

4,550

(4,550) 7.43% National Bank for Agriculture and Rural Development of ₹ 1,000,000 each

474.73

477.45

–

–

700

(700) 7.10% National Bank for Agriculture and Rural Development of ₹ 1,000,000 each

72.43

72.76

–

–

600

(600) 6.87% National Bank for Agriculture and Rural Development of ₹ 1,000,000 each

60.96

61.09

–

–

2,800

(2,800) 6.39% National Bank for Agriculture and Rural Development of ₹ 1,000,000 each

277.84

277.58

–

–

750

(750) 6.42% National Bank for Agriculture and Rural Development of ₹ 1,000,000 each

73.76

73.58

–

–

250

(250) 6.44% National Bank for Agriculture and Rural Development of ₹ 1,000,000 each

24.65

24.59

–

–

1,900

(1,900) 6.49% National Bank for Agriculture and Rural Development of ₹ 1,000,000 each

189.71

189.56

–

–

–

(100) 6.50% National Bank for Agriculture and Rural Development of ₹ 1,000,000 each

–

–

–

10.00

–

(250) 6.72% National Bank for Agriculture and Rural Development of ₹ 1,000,000 each

–

–

–

25.01

250

(250) 6.85% National Bank for Agriculture and Rural Development of ₹ 1,000,000 each

25.16

25.17

–

–

–

(5,000) 5.05% Bajaj Finance Ltd. of ₹ 1,000,000 each

–

–

–

499.88

–

(1,250) 7.20% Housing Development Finance Corporation Ltd. of ₹ 1,000,000 each

–

–

–

125.07

Amortised Cost

1,439.04

1,814.88

–

1,738.10

   

In Government Bonds & securities:

Quoted:

–

(5,000,000) 8.03% Gujarat State Development Loan of ₹ 100 each

–

52.61

–

–

–

(26,500,000) 7.89% Gujarat State Development Loan of ₹ 100 each

–

278.53

–

–

10,000,000

(10,000,000) 6.49% Gujarat State Development Loan of ₹ 100 each

100.26

100.30

–

–

5,000,000

(5,000,000) 6.57% Gujarat State Development Loan of ₹ 100 each

50.11

50.13

–

–

–

(7,464,200) 7.77% Gujarat State Development Loan of ₹ 100 each

–

–

–

75.15

–

(1,000,000) 7.98% Karnataka State Development Loan of ₹ 100 each

–

10.60

–

–

10,000,000

(10,000,000) 6.53% Karnataka State Development Loan of ₹ 100 each

100.30

100.33

–

–

4,150,000

(4,150,000) 6.54% Karnataka State Development Loan of ₹ 100 each

41.54

41.55

–

–

7,500,000

(7,500,000) 6.96% Karnataka State Development Loan of ₹ 100 each

75.49

75.54

–

–

–

(1,000,000) 8.15% Maharashtra State Development Loan of ₹ 100 each

–

10.68

–

–

–

(5,000,000) 7.95% Maharashtra State Development Loan of ₹ 100 each

–

–

–

50.43

Amortised Cost

367.70

720.27

–

125.58

   

In Certificate of Deposit:

Unquoted:

–

(5,500) Certificate of Deposit of ₹ 500,000 each of Axis Bank – 23.11.2023

–

–

–

261.93

–

(2,000) Certificate of Deposit of ₹ 500,000 each of Axis Bank – 29.11.2023

–

–

–

95.15

–

(3,000) Certificate of Deposit of ₹ 500,000 each of Bank of Baroda – 15.11.2023

–

–

–

143.16

–

(4,000) Certificate of Deposit of ₹ 500,000 each of Bank of Baroda – 30.11.2023

–

–

–

190.28

–

(2,000) Certificate of Deposit of ₹ 500,000 each of ICICI Bank – 30.11.2023

–

–

–

95.14

–

(7,500) Certificate of Deposit of ₹ 500,000 each of ICICI Bank – 17.11.2023

–

–

–

357.75

Amortised Cost

–

–

–

1,143.41

   

In Commercial Paper:

Unquoted:

4,000

(–) Commercial Paper of ₹ 500,000 each of Kotak Mahindra Prime Ltd. – 22.08.2024

–

–

195.39

–

Amortised Cost

–

–

195.39

–

    

In Fixed Deposits:

Unquoted:

–

7.65% Axis Bank Fixed Deposit

–

–

500.00

–

–

7.10% Axis Bank Fixed Deposit

–

–

41.50

–

–

7.70% Canara Bank Fixed Deposit

–

–

300.00

–

–

7.65% Canara Bank Fixed Deposit

–

–

200.00

–

–

7.55% HDFC Ltd. Fixed Deposit

–

–

–

300.00

–

7.55% HDFC Ltd. Fixed Deposit

–

–

–

200.00

–

7.90% HDFC Ltd. Fixed Deposit

–

–

–

400.00

–

7.68% Bajaj Finance Ltd. Fixed Deposit

–

–

250.00

–

–

7.90% Bajaj Finance Ltd. Fixed Deposit

–

–

250.00

–

–

7.55% Bajaj Finance Ltd. Fixed Deposit

–

–

–

300.00

–

7.90% Bajaj Finance Ltd. Fixed Deposit

–

–

–

200.00

Amortised Cost

–

–

1,541.50

1,400.00

   

In Fixed maturity plans

Unquoted:

44,000,000

(44,000,000) Units of Aditya Birla Sun Life Fixed Term Plan – Series – TQ – Direct Growth

49.70

46.79

–

–

50,000,000

(50,000,000) Units of HDFC Fixed Maturity Plan- Series 46 (1861 Days) – Direct Growth

56.40

53.20

–

–

–

(10,000,000) Units of ICICI – Prudential Fixed Maturity Plan – Series 87 (1174 Days) Plan B Direct Growth

–

–

–

12.28

74,996,250

(74,996,250) Units of Kotak Fixed Maturity Plan- Series 292 – Direct Growth

87.35

82.43

–

–

44,997,750

(44,997,750) Units of Nippon India Fixed Horizon Fund XLIII -Series 1 – Direct Growth

52.23

49.34

–

–

29,998,500

(29,998,500) Units of Nippon India Fixed Horizon Fund XLIII -Series 5 – Direct Growth

34.14

32.08

–

–

74,996,250

(74,996,250) Units of SBI Fixed Maturity Plan – Series 49 (1823 Days) – Direct Growth

87.10

82.23

–

–

60,000,000

(60,000,000) Units of SBI Fixed Maturity Plan – Series 51 (1846 Days) – Direct Growth

69.08

65.35

–

–

25,000,000

(25,000,000) Units of SBI Fixed Maturity Plan – Series 52 (1848 Days) – Direct Growth

28.66

27.14

–

–

60,000,000

(60,000,000) Units of SBI Fixed Maturity Plan – Series 53 (1839 Days) – Direct Growth

68.67

64.96

–

–

7,500,000

(7,500,000) Units of SBI Fixed Maturity Plan – Series 54 (1842 Days) – Direct Growth

8.60

8.12

–

–

50,000,000

(50,000,000) Units of SBI Fixed Maturity Plan – Series 55 (1849 Days) – Direct Growth

57.11

53.96

–

–

52,500,000

(52,500,000) Units of SBI Fixed Maturity Plan – Series 57 (1835 Days) – Direct Growth

59.77

56.49

–

–

50,000,000

(50,000,000) Units of SBI Fixed Maturity Plan – Series 58 (1842 Days) – Direct Growth

57.18

53.85

–

–

40,000,000

(40,000,000) Units of SBI Fixed Maturity Plan – Series 60 (1878 Days) – Direct Growth

45.23

42.68

–

–

65,000,000

(65,000,000) Units of SBI Fixed Maturity Plan – Series 61 (1927 Days) – Direct Growth

73.40

69.12

–

–

Amortised Cost

834.62

787.74

–

12.28

   

In Exchange Traded Funds

Quoted:

8,724,846

(8,724,846) Bharat Bond ETF April 2025

1,060.37

1,005.69

–

–

15,940,436

(15,940,436) Bharat Bond ETF – April 2030

2,202.00

2,063.50

–

–

3,565,094

(3,565,094) Bharat Bond ETF – April 2031

441.55

413.72

–

–

4,282,638

(4,282,638) Bharat Bond ETF – April 2032

495.22

463.19

–

–

13,695,640

(13,695,640) Nippon India ETF Nifty CPSE Bond Plus SDL – 2024 Maturity

–

157.64

165.69

–

43,000,000

(43,000,000) Nippon India ETF Nifty SDL – April 2026

522.37

493.71

–

–

205,847,653

(205,847,653) Nippon India Nifty AAA CPSE Bond Plus SDL Apr 2027 Maturity 60:40 Index Fund

229.23

214.16

–

–

48,828,497

(48,828,497) Nippon India Nifty SDL Plus G-Sec Jun 2028 70:30 Index Fund

53.70

50.02

–

–

263,770,566

(263,770,566) Aditya Birla Sun Life Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund

301.80

285.04

–

–

166,093,651

(166,093,651) Aditya Birla Sun Life Nifty SDL Apr 2027 Index Fund

189.10

178.14

–

–

226,004,362

(226,004,362) Aditya Birla Sun Life Crisil SDL Plus AAA PSU Apr 2027 60:40 Index Fund

252.59

236.38

–

–

76,795,997

(76,795,997) Aditya Birla Sun Life Crisil IBX 50:50 GILT Plus SDL Apr 2028 Index Fund

85.84

80.04

–

–

113,891,937

(113,891,937) Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Index Fund

129.18

121.58

–

–

20,000,000

(20,000,000) Kotak Nifty SDL Apr 2032 Top 12 Equal Weight Index Fund

23.08

21.58

–

–

48,396,620

(48,396,620) Kotak Nifty SDL Plus AAA PSU Bond Jul 2028 60:40 Index Fund

53.74

50.03

–

–

298,359,352

(298,359,352) SBI CPSE Bond Plus SDL Sep 2026 50:50 Index Fund

339.15

320.04

–

–

183,849,514

(183,849,514) Axis Crisil SDL 2027 Debt Index Fund

205.71

192.58

–

–

192,038,100

(192,038,100) HSBC Crisil IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund

214.64

200.11

–

–

191,980,955

(191,980,955) DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund

214.66

200.11

–

–

81,937,188

(81,937,188) ICICI Prudential Nifty SDL Dec 2028 Index Fund

91.59

85.05

–

–

63,868,446

(63,868,446) ICICI Prudential Nifty SDL Sep 2027 Index Fund

72.35

68.06

–

–

Amortised Cost

7,177.87

6,900.37

165.69

–

   

Investment carried at fair value through profit or loss

In Short-term Funds

Quoted:

34,631,684

(34,631,684) Units of DSP Banking & PSU Debt Fund – Direct Plan – Growth

77.89

72.11

–

–

673,225,624

(673,225,624) Units of Bandhan Corporate Bond Fund – Direct Plan-Growth (erstwhile IDFC Corporate Bond Fund-Direct Plan-Growth)

1,199.76

1,117.70

–

–

14,296,498

(14,296,498) Units of Bandhan Super Saver Income Fund – Short-term-Direct Plan-Growth (erstwhile IDFC Bond Fund-Direct Plan-Growth)

78.52

72.96

–

–

117,182,739

(117,182,739) Units of Bandhan Banking & PSU Debt Fund – Direct Plan – Growth (erstwhile IDFC Banking & & PSU Debt Fund – Direct Plan – Growth)

268.41

250.22

–

–

30,603,467

(30,603,467) Units of Kotak Bond Short-term Plan-Direct Plan – Growth

157.68

146.05

–

–

30,779,648

(30,779,648) Units of HSBC Short Duration Fund – Direct Plan- Growth

77.66

72.34

–

–

122,864,287

(122,864,287) Units of Nippon India Floating Rate Fund – Short-term-Direct Plan – Growth

524.86

485.50

–

–

146,141,389

(146,141,389) Units of ICICI Prudential Income Opportunities Fund – Direct Plan-Growth

557.74

512.01

–

–

449,031,864

(449,031,864) Units of HDFC Medium Term Opportunities Fund – Direct Plan-Growth

1,341.86

1,240.19

–

–

116,201,242

(116,201,242) Units of HSBC Banking & PSU Debt Fund – Direct Plan- Growth

268.41

250.17

–

–

Fair Value

4,552.79

4,219.25

–

–

   

In Arbitrage Funds

Quoted:

176,363,260

(-) Units of Bandhan Arbitrage Fund – Direct Plan – Growth

–

–

563.09

–

110,620,376

(-) Units of HSBC Arbitrage Fund – Direct Plan – Growth

–

–

205.05

–

49,438,933

(-) Units of Bajaj Finserv Arbitrage Fund – Direct Plan – Growth

–

–

51.45

–

Fair Value

–

–

819.59

–

   

In Liquid & Overnight mutual funds

Quoted:

893,009

(–) Units of HDFC Liquid Fund – Direct Plan – Growth

–

–

423.61

–

1,455,431

(-) Units of Bajaj Finserv Liquid Fund – Direct Plan – Growth

–

–

153.37

–

2,742,906

(-) Units of Kotak Overnight Fund – Direct Plan – Growth

–

–

350.34

–

187,527

(-) Units of SBI Overnight Fund – Direct Plan – Growth

–

–

73.06

–

1,002,880

(-) Units of UTI Overnight Fund – Direct Plan – Growth

–

–

328.68

–

27,876,019

(-) Units of Nippon India Overnight Fund – Direct Plan – Growth

–

–

358.42

–

1,340,630

(-) Units of Tata Overnight Fund – Direct Plan – Growth

–

–

169.35

–

798,916

(-) Units of HSBC Overnight Fund – Direct Plan – Growth

–

–

100.10

–

1,582,075

(-) Units of Axis Overnight Fund – Direct Plan – Growth

–

–

200.38

–

Fair Value

–

–

2,157.31

–

   

Total (B)

17,524.60

16,717.53

4,879.48

4,419.37

   

Total (A+B)

19,613.02

18,503.96

4,879.48

4,419.37

   

Aggregate provision for diminution in value of investments

2.17

2.17

–

–

    

(₹ In Crore)

Particulars

Book value

Market value

As at 31 March

As at 31 March

2024

2023

2024

2023

     

Quoted

19,575.45

17,590.49

19,396.21

17,271.67

Unquoted

4,917.05

5,332.84

NA

NA

Total

24,492.50

22,923.33

   

Notes to Investments

1

Investments made by the Company other than those with a maturity of less than one year, are intended to be held for long–term. On an assessment of the expected credit loss due to significant changes in risk profile, no material provisions are required to be made.

2

In absence of an active market and non availability of quotes on a recognised stock exchange, investment in fixed maturity plans though listed on recognised stock exchanges are disclosed as unquoted. Other mutual funds, though unlisted, are quoted on recognised stock exchanges at their previous day NAVs which is the quote for the day.

3

Refer note 1 (6) for accounting policy on investments and note 33 for credit risk management related to investments.