Max Life UL Life Growth Fund
You Get
You Get
Overview
Fund Size (AUM)
Rs. 8706.11 crores as on 31 March 2024
NAV
Rs. 97.3909 as on 31 March 2024
1 Year Returns
21.31% as on 31 March 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
Nav Performance
Fund Performance vs. Benchmark
Time Horizon* | Fund Returns (%) | Benchmark Returns (%) |
---|---|---|
1 Year | 21.31% | 18.13% |
3 Years | 10.63% | 10.37% |
5 Years | 10.82% | 11.07% |
Since Inception | 12.35% | 11.68% |
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 March, 2024. Past performance does not guarantee future returns
Top 10 Government Securities in the Fund
Security Name | Amount in Crores (₹) |
---|---|
7.18 GOI 14 AUGUST 2033 | 480.40 |
7.32 GOI 13 NOVEMBER 2030 | 405.18 |
7.25 GOI 12 JUNE 2063 | 160.11 |
7.52 ANDHRA PRADESH SDL 07 FEBRUARY 2043 | 101.24 |
7.38 UTTAR PRADESH SDL 13 MARCH 2034 | 84.56 |
7.73 UTTAR PRADESH SDL 15 NOVEMBER 2034 | 76.03 |
7.46 TELANGANA SDL 07 FEBRUARY 2045 | 75.96 |
7.51 UTTAR PRADESH SDL 27 MARCH 2040 | 67.03 |
6.8 GOI 15 DEC 2060 | 59.96 |
7.49 ANDHRA PRADESH SDL 07 FEBRURAY 2039 | 50.46 |
Top 10 Equity in the Fund
Security Name | Amount in Crores (₹) |
---|---|
RELIANCE INDUSTRIES LIMITED | 436.33 |
ICICI BANK LIMITED | 428.81 |
HOUSING DEVELOPMENT FINANCE CORP BANK | 409.8 |
INFOSYS LIMITED | 261.29 |
TATA CONSULTANCY SERVICES LIMITED | 193.58 |
NTPC LIMITED | 188.73 |
INDUSIND BANK LIMITED | 183.41 |
SUN PHARMACEUTICAL INDUSTRIES LIMITED | 175.30 |
LARSEN & TOUBRO LIMITED | 153.38 |
ITC LIMITED | 144.58 |
Top 10 Industries in the Fund
Industry Name | % of Fund |
---|---|
FINANCIAL AND INSURANCE ACTIVITIES | 28.04% |
CENTRAL & STATE GOVERNMENT | 24.07% |
INFRASTRUCTURE | 15.98% |
COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES | 5.77% |
MANUFACTURE OF COKE AND REFINED PETROLEUM PRODUCTS | 5.10% |
MANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMITRAILERS | 3.46% |
MANUFACTURE OF PHARMACEUTICALS,MEDICINAL CHEMICAL AND BOTANICAL PRODUCTS | 2.89% |
INFORMATION SERVICE ACTIVITIES | 2.57% |
MUTUAL FUND - LIQUID | 1.72% |
MANUFACTURE OF TOBACCO PRODUCTS | 1.66% |
OTHER | 8.73% |
Asset Allocation
Asset Type | Actual (%) | Asset-Range |
---|---|---|
Govt. Securities | 23.08% | 0-30% |
Corporate Bonds | 20.61% | 0-30% |
Money Market or Equivalent | 3.20% | 0-40% |
Equities | 53.10% | 20-70% |
Rating Profile
AAA | 82.14% |
AA+ | 9.09% |
AA | 0.47% |
Below AA | 8.30% |
Modified Duration
Debt Portfolio | 5.8399 |
Money Market Instruments | 0.0006 |
Note: Debt portfolio includes MMI
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