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Max Life UL Life Growth Fund

The Max Life UL Life Growth Fund (SFIN: ULIF00125/06/04LIFEGROWTH104) is a hybrid scheme that invests in various types of assets such as equities, corporate bonds, money market instruments and G-secs.
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Maximise Your Savings With Axis Max Life Investment Plans

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Overview

Fund Size (AUM)

₹8,879.99 crores as on 30 Sep 2024

NAV

₹109.65 as on 30 Sep 2024

1 Year Returns

25.30% as on 30 Sep 2024

Benchmark Index

CRISIL Bond Index 50% and NSE Nifty 50%

Inception Date

20 September 2004

Investment Philosophy

  • The Max Life Growth Fund provides investors with exposure to both equity and debt asset classes through a single scheme.

  • The equity and debt allocation of the scheme is actively managed so is liable to change depending on changing market conditions and fund manager’s conviction.

  •  This scheme provides a balance between capital appreciation through equity investments and preservation of capital through allocation towards potentially low volatility debt instruments.

Portfolio Overview

The minimum equity allocation allowed for this fund is 20% and the same time, this scheme’s equity exposure cannot exceed 70% at any time. The remainder of this scheme’s investible assets can be allocated towards debt instruments such as money market papers, corporate bonds and G-Secs. The maximum allocation allowed in the case of money market instruments is 40%, while the scheme is allowed to have a maximum exposure of 30% towards corporate bonds or government securities.

Nav Performance

Fund Performance vs. Benchmark

Time Horizon*Fund Returns (%)Benchmark Returns (%)
1 Year25.30%20.10%
3 Years10.89%9.95%
5 Years13.20%%12.65%
Since Inception12.69%%11.91%

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 30 Sep, 2024. Past performance does not guarantee future returns

Top 10 Government Securities in the Fund

Security NameAmount in Crores (₹)
7.34 GOI 22 APRIL 2064621.20
7.23 GOI 15 APRIL 2039295.41
7.10 GOI 08 APRIL 2034267.53
7.25 GOI 12 JUNE 2063254.69
7.52 ANDHRA PRADESH SDL 07 FEBRUARY 2043103.65
7.30 GOI 19 JUNE 205378.82
7.46 TELANGANA SDL 07 FEBRUARY 204577.70
7.51 UTTAR PRADESH SDL 27 MARCH 204068.81
6.8 GOI 15 DEC 206061.54
7.49 ANDHRA PRADESH SDL 07 FEBRUARY 203951.68

Top 10 Equity in the Fund

Security NameAmount in Crores (₹)
ICICI BANK LIMITED499.29
HOUSING DEVELOPMENT FINANCE CORP BANK462.57
INFOSYS LIMITED418.39
RELIANCE INDUSTRIES LIMITED397.17
MAHINDRA & MAHINDRA LIMITED237.65
NTPC LIMITED194.14
ZOMATO INDIA LIMITED174.26
BHARTI AIRTEL LIMITED172.87
PB FINTECH LTD155.37
SUN PHARMACEUTICAL INDUSTRIES LIMITED141.53

Top 10 Industries in the Fund

Industry Name% of Fund
FINANCIAL AND INSURANCE ACTIVITIES26.70%
CENTRAL & STATE GOVERNMENT26.44%
INFRASTRUCTURE16.10%
COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES6.80%
MANUFACTURE OF COKE AND REFINED PETROLEUM PRODUCTS4.56%
INFORMATION SERVICE ACTIVITIES3.71%
MANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERS3.29%
MANUFACTURE OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL PRODUCTS2.28%
MUTUAL FUND - LIQUID1.91%
MANUFACTURE OF OTHER TRANSPORT EQUIPMENT1.65%
OTHER6.55%

Asset Allocation

Asset TypeActual (%)Asset-Range
Govt. Securities25.35%0 - 30%
Corporate Bonds18.68%0 - 30%
Money Market OR Equivalent2.29%0 - 40%
Equities53.68%20 - 70%

Rating Profile

AAA85.34%
AA+5.98%
AA0.47%
Below AA8.22%

Modified Duration

Debt Portfolio 7.6344
Money Market Instruments 0.0001

Note: Debt portfolio includes MMI

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