Max Life UL Money Market II Fund
You Get
You Get
Overview
Fund Size (AUM)
Rs. 60.72 crores as on 31 March 2024
NAV
Rs. 11.5617 as on 31 March 2024
1 Year Returns
6.14% as on 31 March 2024
Benchmark Index
CRISIL Liquid Index 100%
Inception Date
8 June 2020
Investment Philosophy
The scheme invests exclusively in money market instruments and equivalents that feature minimal credit risk and interest-rate risk.
This fund aims to provide investors with returns that in line with the performance of money market instruments.
The potentially low level of risk associated with key investments of the fund can provide a high level of capital protection to the investor.
Portfolio Overview
Top 10 Industry in the Fund
Industry Name | % in the Fund |
---|---|
CENTRAL & STATE GOVERNMENT | 48.08% |
FINANCIAL AND INSURANCE ACTIVITIES | 26.35% |
INFRASTRUCTURE | 16.40% |
INVESTMENTS IN HOUSING FINANCE | 9.14% |
Other | 0.03% |
Asset Allocation
Asset Type | Actual (%) | Asset-Range |
---|---|---|
Govt. Securities | 0.00% | 0% |
Corporate Bonds | 0.00% | 0% |
Money Market or Equivalent | 100% | 100% |
Equities | 0.00% | 0% |
Rating Profile
AAA | 100% |
AA+ | 0.00% |
AA | 0.00% |
Below AA | 0.00% |
Modified Duration
Debt Portfolio | 0.4719 |
Money Market Instruments | 0.4719 |
Nav Performance
Fund Performance vs. Benchmark
Time Horizon* | Fund Returns (%) | Benchmark Returns (%) |
---|---|---|
1 Year | 6.14% | 7.31% |
3 Years | 4.36% | 5.59% |
5 Years | NA | NA |
Since Inception | 3.88% | 5.21% |
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