Max Life UL Sustainable Equity Fund
You Get
You Get
Overview
Fund Size (AUM)
₹ 377.15 Cr
as on 31 March 2024
NAV
₹ 15.4635
as on 31 March 2024
1 Year Returns
47.93%
as on 31 March 2024
Benchmark Index
NSE Custom ESG Index 100%
Inception Date
25 May 2022
Investment Philosophy
The sustainable equity fund primarily invests in equity stocks of companies that conduct business in an environmentally and socially responsible manner while maintaining high governance standards.
Being an equity-oriented scheme, this fund is prone to short-term volatility, hence it is suitable for long-term investors with high risk appetite.
Apart from equity stocks, the scheme can also invest a relatively smaller portion of its investible assets in various debt instruments such as money market papers/cash equivalents, Government Securities and Corporate bonds.
Portfolio Overview
The scheme is required to maintain a minimum equity exposure of 70% at all times. The remainder 30% of the scheme’s portfolio can be invested in various money market instruments or equivalents. The exposure of this scheme towards corporate bonds and G-secs is capped at 20% for each of these types of debt investments.
Nav Performance
Fund Performance vs. Benchmark
Time Horizon* | Fund Returns (%) | Benchmark Returns (%) |
---|---|---|
1 Year | 47.93% | 38.40% |
3 Years | NA | NA |
5 Years | NA | NA |
Since Inception | 26.54% | 20.61% |
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 Equities in the Fund
Security Name | Amount in Crores (₹) |
---|---|
HOUSING DEVELOPMENT FINANCE CORP BANK | 16.59 |
ICICI BANK LIMITED | 16.56 |
INFOSYS LIMITED | 14.32 |
LARSEN & TOUBRO LIMITED | 11.55 |
BHARTI AIRTEL LIMITED | 11.26 |
ZOMATO INDIA LIMITED | 11.06 |
INDUSIND BANK LIMITED | 10.60 |
TITAN COMPANY LIMITED | 10.54 |
TATA MOTORS LIMITED | 10.48 |
NTPC LIMITED | 9.14 |
Top 10 Industry in the Fund
FINANCIAL AND INSURANCE ACTIVITIES | 22.51% |
INFRASTRUCTURE | 14.95% |
COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES | 13.00% |
MANUFACTURE OF PHARMACEUTICALS,MEDICINAL CHEMICAL AND BOTANICAL PRODUCTS | 7.50% |
MANUFACTURE OF ELECTRICAL EQUIPMENT | 5.40% |
MANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERS | 4.68% |
CENTRAL & STATE GOVERNMENT | 4.58% |
OTHER MANUFACTURING | 3.43% |
MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS | 3.37% |
INFORMATION SERVICE ACTIVITIES | 3.25% |
OTHER | 17.19% |
Asset Allocation
Asset Type | Actual (%) | Asset-Range |
---|---|---|
Govt. Securities | 0.00% | 0-20% |
Corporate Bonds | 0.00% | 0-20% |
Money Market or Equivalent | 4.58% | 0-30% |
Equities | 95.42% | 70-100% |
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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