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Max Life UL Life Balanced Fund
Max Life UL Life Balanced Fund (SFIN: ULIF00225/06/04LIFEBALANC104) is an open-ended hybrid fund that invests in a mix of domestic equities and debt instruments.
...Read MoreYou Get (as on 31 July 2025)
Total investment
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Estimated returns
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Overview
Fund Size (AUM)
₹2,493.49 Cr
as on 31 July 2025
NAV
₹ 77.96
as on 31 July 2025
1 Year Returns
6.11%
as on 31 July 2025
Benchmark Index
CRISIL Bond Index 70% and NSE Nifty 30%
Inception Date
20 September 2004
Nav Performance
Investment Philosophy
Investors can gain exposure to both equity and debt asset classes by investing in the Max Life Balanced Fund.
This hybrid scheme is debt-oriented in nature, so overall exposure of the scheme is higher towards debt instruments such as money market instruments, corporate bonds and G-secs, compared to equities.
Due to the debt–oriented nature of the scheme, investments made in the fund are expected to be potentially less volatile than an equity oriented scheme especially in the short-term.
Portfolio Overview
The minimum equity exposure allowed for this fund is 10% and the upper limit for equities is 40%. The remainder of the portfolio is allocated towards debt investments such as corporate bonds, money market instruments and Government securities issued by State Governments and the Central Government.
Fund Performance vs. Benchmark
| Time Horizon* | Fund Returns (%) | Benchmark Returns (%) |
|---|---|---|
| 1 Year | 3.27% | 4.01% |
| 3 Years | 9.79% | 8.76% |
| 5 Years | 9.37% | 9.29% |
| Since Inception | 10.22% | 9.66% |
Trusted by 3,500+ customers
Written bySumit Narula
Investment Writer
Published 17th April 2024
Reviewed byPrateek Pandey
Last Modified 12th September 2025
Investment Expert
Note: Returns more than 1 year are CAGR returns. Above Fund Returns are after deduction of Fund Management Charges (FMC). Above returns are after deduction of Fund Management Charges (FMC) and as of 31 July, 2025. Past performance does not guarantee future returns.
Top 10 Equity in the Fund
| Security Name | % of AUM |
|---|---|
| ICICI BANK LIMITED | 3.46 |
| HOUSING DEVELOPMENT FINANCE CORP BANK | 3.46 |
| RELIANCE INDUSTRIES LIMITED | 2.91 |
| INFOSYS LIMITED | 1.86 |
| BHARTI AIRTEL LIMITED | 1.78 |
| MAHINDRA & MAHINDRA LIMITED | 1.52 |
| ETERNAL LIMITED | 1.33 |
| LARSEN & TOUBRO LIMITED | 1.27 |
| NTPC LIMITED | 0.93 |
| BAJAJ FINANCE LIMITED | 0.84 |
Top 10 Industries in the Fund
| Industry Name |
|---|
| CENTRAL & STATE GOVERNMENT |
| FINANCIAL AND INSURANCE ACTIVITIES |
| INFRASTRUCTURE |
| COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES |
| MANUFACTURE OF COKE AND REFINED PETROLEUM PRODUCTS |
| INFORMATION SERVICE ACTIVITIES |
| MANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERS |
| INVESTMENTS IN HOUSING FINANCE |
| MANUFACTURE OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL PRODUCTS |
| MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS |
| OTHER |
Asset Allocation
| Asset Type | Actual (%) | Asset-Range |
|---|---|---|
| Govt. Securities | 34.21% | 20 - 50% |
| Corporate Bonds | 30.63% | 20 - 40% |
| Money Market OR Equivalent | 2.67% | 0 - 40% |
| Equities | 32.50% | 10 - 40% |
Top 10 Bonds in the Fund
| Security Name | % of AUM |
|---|---|
| 7.24 GOI 18 AUGUST 2055 | 6.75 |
| 6.33 GOI 05 MAY 2035 | 6.00 |
| 7.34 GOI 22 APRIL 2064 | 5.28 |
| 6.90 GOI 15 APRIL 2065 | 4.19 |
| 7.09 GOI 25 NOVEMBER 2074 | 3.97 |
| 7.25 GOI 12 JUNE 2063 | 2.24 |
| 7.40 GOI 19 SEPTEMBER 2062 | 1.03 |
| 7.46 GOI 06 NOVEMBER 2073 | 0.35 |
| 7.88 GOI 19 MAR 2030 | 0.33 |
| 8.17 GOI 01 DEC 2044 | 0.22 |
Top 10 Government Securities in the Fund
| Security Name | % of AUM |
|---|---|
| 7.24 GOI 18 AUGUST 2055 | 6.75 |
| 6.33 GOI 05 MAY 2035 | 6.00 |
| 7.34 GOI 22 APRIL 2064 | 5.28 |
| 6.90 GOI 15 APRIL 2065 | 4.19 |
| 7.09 GOI 25 NOVEMBER 2074 | 3.97 |
| 7.25 GOI 12 JUNE 2063 | 2.24 |
| 7.40 GOI 19 SEPTEMBER 2062 | 1.03 |
| 7.46 GOI 06 NOVEMBER 2073 | 0.35 |
| 7.88 GOI 19 MAR 2030 | 0.33 |
| 8.17 GOI 01 DEC 2044 | 0.22 |
Rating Profile
| AAA | 86.57% |
| AA+ | NA |
| AA | NA |
| Below AA | 8.85% |
Modified Duration
| Debt Portfolio | 6.9000 |
| Money Market Instruments | 0.0011 |
| Beta | 0.8909 |
Note: Debt portfolio includes MMI
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