Max Life Nifty Smallcap Quality Index Fund
You Get
You Get
Overview
Fund Size (AUM)
₹ 504.75 Cr
as on 31 March 2024
NAV
₹ 11.86
as on 31 March 2024
1 Year Returns
NA (New Fund)
as on 31 March 2024
Benchmark Index
Nifty Smallcap 250 Quality 50 Index
Inception Date
11 August 2023
Investment Philosophy
This fund tracks the Nifty Smallcap 250 Quality 50 Index, so it features passive management with no active stock-picking by the fund manager. The scheme is primarily invested in 50 small cap equity stocks.
The 50 small-cap stocks featured in the fund’s portfolio are selected on the basis of their quality score. The portfolio allocation towards an individual stock is based on the combination of the quality score and free-float market capitalisation of the stock.
Being a smallcap-oriented equity investment, the primarily goal is capital appreciation for the investor over the long term. The scheme will attempt to replicate the returns generated by the Nifty Smallcap 250 Quality 50 Index after accounting for tracking error
Portfolio Overview
The minimum equity allocation of the scheme is 80% and the fund manager can also choose to be completely invested i.e. make 100% portfolio allocation towards small-cap equities that are featured on the Nifty Smallcap 250 Quality 50 Index. The maximum debt exposure allowed for the fund at any time is 20% of the portfolio and that too in the form of money market instruments or equivalents.
Nav Performance
Fund Performance vs. Benchmark
Time Horizon* | Fund Returns (%) | Benchmark Returns (%) |
---|---|---|
1 Year | NA | NA |
3 Years | NA | NA |
5 Years | NA | NA |
Since Inception | 18.66% | 21.94% |
Note: Returns more than 1 year are CAGR returns. Above Fund Returns are after deduction of Fund Management Charges (FMC) and as of 31 March, 2024. Past performance does not guarantee future returns.
Top 10 Industry in the Fund
Industry Name | % in the Fund |
---|---|
FINANCIAL AND INSURANCE ACTIVITIES | 14.15% |
COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES | 12.60% |
INFRASTRUCTURE | 10.63% |
MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS | 7.71% |
MANUFACTURE OF ELECTRICAL EQUIPMENT | 7.52% |
MANUFACTURE OF MACHINERY AND EQUIPMENT N.E.C. | 6.23% |
INFORMATION SERVICE ACTIVITIES | 5.97% |
MANUFACTURE OF BASIC METALS | 5.74% |
MANUFACTURE OF FOOD PRODUCTS | 5.54% |
MANUFACTURE OF PHARMACEUTICALS,MEDICINAL CHEMICAL AND BOTANICAL PRODUCTS | 4.87% |
OTHER | 19.04% |
Asset Allocation
Asset Type | Actual (%) | Asset-Range |
---|---|---|
Govt. Securities | 0.00% | 0% |
Corporate Bonds | 0.00% | 0% |
Money Market or Equivalent | 0.69% | 0-20% |
Equities | 99.31%% | 80-100% |
Top 10 Equities in the Fund
Security Name | Amount in Crores (₹) |
---|---|
CASTROL INDIA LIMITED | 19.85 |
INDIAN ENERGY EXCHANGE LIMITED | 18.79 |
KEI INDUSTRIES LTD. | 18.34 |
SONATA SOFTWARE LTD. | 16.96 |
CENTRAL DEPOSITORY SERVICES (INDIA) LIMITED | 14.94 |
GUJARAT STATE PETRONET LIMITED | 14.49 |
GILLETTE INDIA LTD | 13.45 |
TRIVENI ENGINEERING AND INDUSTRIES LTD | 13.36 |
SANOFI INDIA LTD | 12.97 |
MAHANAGAR GAS LIMITED | 12.43 |
Rating Profile
AAA | 100% |
AA+ | 0.00% |
AA | 0.00% |
Below AA | 0.00% |
Modified Duration
Debt Portfolio | 0.0055 |
Money Market Instruments | 0.0055 |
Note: Debt portfolio includes MMI
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