Max Life High Growth Fund
You Get
With Max Life Investment Plans
High Quality Stocks: Multicap stock selection based on Quality factors to build high quality portfolio.
Unbiased Stock Selection: Prebuilt portfolio to match the components of the index resulting in unbiased stock selection.
Overview
Fund Size (AUM)
₹ 8,482.03 Cr
as on 30 Sep 2024
NAV
₹ 121.38
as on 30 Sep 2024
1 Year Return
62.39%
as on 31 March 2024
Benchmark Index
Nifty MidCap Free Float 100%
Inception Date
26 February 2008
Nav Performance
Investment Philosophy
The fund mirrors the composition and weight of individual stocks featured on the Nifty Midcap 150 Momentum 50 Index, so midcap equities are the primary investments of this scheme
The fund would attempt to mirror the performance of the Nifty Midcap 150 Momentum 50 Index accounting for applicable tracking error.
The 50 midcap stocks that the scheme invests in are selected based on their normalised momentum scores as per the calculation methodology specified by the National Stock Exchange (NSE).
Portfolio Overview
The minimum equity allocation that needs to be maintained in the portfolio of Max Life High Growth Fund is 70% and allocation can be increased to 100% of the portfolio. The remainder 30% of the fund’s investible assets may comprise debt investments such as corporate bonds, government securities and money market instruments.
Fund Performance vs. Benchmark
| Time Horizon* | Fund Returns (%) | Benchmark Returns (%) |
|---|---|---|
| 1 Year | 62.39% | 48.39%% |
| 3 Years | 27.23% | 25.54% |
| 5 Years | 32.62% | 30.25% |
| Since Inception | 16.22% | 11.08% |
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 Equity in the Fund
| Security Name | Amount in Crores (₹) |
|---|---|
| MAX HEALTHCARE INSTITUTE LTD | 280.14 |
| SUZLON ENERGY LIMITED | 230.82 |
| COFORGE LIMITED | 226.82 |
| PB FINTECH LTD | 196.23 |
| ZOMATO INDIA LIMITED | 189.22 |
| DIXON TECHNOLOGIES INDIA LIMITED | 186.60 |
| LUPIN LIMITED | 184.45 |
| VARUN BEVERAGES LIMITED | 183.46 |
| TUBE INVESTMENTS OF INDIA LIMITED | 177.71 |
| THE FEDERAL BANK LIMITED | 176.48 |
Top 10 Industries in the Fund
| Industry Name | % of Fund |
|---|---|
| FINANCIAL AND INSURANCE ACTIVITIES | 14.10% |
| INFRASTRUCTURE | 11.09% |
| MANUFACTURE OF ELECTRICAL EQUIPMENT | 9.19% |
| MANUFACTURE OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL PRODUCTS | 8.86% |
| COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES | 7.21% |
| INFORMATION SERVICE ACTIVITIES | 5.60% |
| MANUFACTURE OF BEVERAGES | 4.12% |
| MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS | 4.01% |
| MANUFACTURE OF MACHINERY AND EQUIPMENT N.E.C. | 3.86% |
| CONSTRUCTION OF BUILDINGS | 3.86% |
| OTHER | 28.10% |
Asset Allocation
| Asset Type | Actual (%) | Asset-Range |
|---|---|---|
| Govt. Securities | 0.00% | 0 - 30% |
| Corporate Bonds | 0.00% | 0 - 30% |
| Money Market OR Equivalent | 0.84% | 0 - 30% |
| Equities | 99.16% | 70 - 100% |
Rating Profile
| AAA | 100% |
| AA+ | 0.00% |
| AA | 0.00 |
| Below AA | 0.00 |
Modified Duration
| Debt Portfolio | 0.0027 |
| Money Market Instruments | 0.0027 |
Note: Debt portfolio includes MMI
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