Max Life UL Life Conservative 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.
Portfolio Overview
The maximum equity exposure allowed in the case of the Max Life Conservative fund is 15%. Government securities can account for minimum 50% and maximum 80% of the scheme’s portfolio. The upper limits of portfolio allocation towards corporate bonds and money market instruments/cash equivalents are 50% and 40% respectively.
Investment Philosophy
The primary investment of the fund are potentially low risk government securities issued by the Government of India/State Governments along with other debt instruments such as corporate bonds and money market papers.
Due to debt-oriented nature of this fund, it offers the benefit of potentially low levels of volatility especially in the short-term that makes it suitable choice for conservative investors.
The scheme maintains a relatively small equity allocation to provide potential long-term capital growth while ensuring capital protection by primarily focusing on high-quality debt investments.
Portfolio Overview
The maximum equity exposure allowed in the case of the Max Life Conservative fund is 15%. Government securities can account for minimum 50% and maximum 80% of the scheme’s portfolio. The upper limits of portfolio allocation towards corporate bonds and money market instruments/cash equivalents are 50% and 40% respectively.
Top 10 Industries in the Fund
| Industry Name | % of Fund |
|---|---|
| CENTRAL & STATE GOVERNMENT | 62.52% |
| FINANCIAL AND INSURANCE ACTIVITIES | 20.77% |
| INFRASTRUCTURE | 9.00% |
| COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES | 1.22% |
| MANUFACTURE OF COKE AND REFINED PETROLEUM PRODUCTS | 1.03% |
| INFORMATION SERVICE ACTIVITIES | 0.76% |
| MANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERS | 0.67% |
| MANUFACTURE OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL PRODUCTS | 0.48% |
| MANUFACTURE OF OTHER TRANSPORT EQUIPMENT | 0.29% |
| MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS | 0.19% |
| OTHER | 3.07% |
Asset Allocation
| Asset Type | Actual (%) | Asset-Range |
|---|---|---|
| Govt. Securities | 61.68% | 50 - 80% |
| Corporate Bonds | 24.14% | 0 - 50% |
| Money Market OR Equivalent | 3.09% | 0 - 40% |
| Equities | 11.09% | 0 - 15% |
Fund Performance vs. Benchmark
| Time Horizon* | Fund Returns (%) | Benchmark Returns (%) |
|---|---|---|
| 1 Year | 13.17% | 11.39% |
| 3 Years | 7.24% | 6.77% |
| 5 Years | 8.15% | 8.17 |
| Since Inception | 8.93% | 8.41% |
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
Rating Profile
| AAA | 86.25% |
| AA+ | 8.78% |
| AA | 0.00% |
| Below AA | 4.85% |
Modified Duration
| Debt Portfolio | 6.9979 |
| Money Market Instruments | 0.0000 |
Note: Debt portfolio includes MMI
Top 10 Bonds in the Fund
| Security Name | Amount in Crores (₹) |
|---|---|
| 7.80 YES BANK 29 SEP 2027 | 7.54 |
| 9.15 SHRIRAM FINANCE 28 JUNE 2029 (PUT OPTION) | 7.39 |
| 7.87 BAJAJ FINANCE LIMITED 08 FEBRUARY 2034 | 5.21 |
| 8.90 MUTHOOT FINANCE 07 OCTOBER 2027 | 5.14 |
| 8.09 RURAL ELECTRIFICATION CORPORATION LIMITED 21 MAR 2028 | 5.12 |
| 8.80% BHARTI TELECOM LIMITED NCD 21 NOVEMBER 2025 | 4.03 |
| 7.50 POWERGRID CORPORATION 24 AUGUST 2033 | 3.62 |
| 6.8 SBI 21 AUG 2035 TIER-2 (CALL DATE 21 AUG 2030) | 2.91 |
| 7.79 BAJAJ FINANCE LIMITED 20 SEPTEMBER 2033 | 2.61 |
| 8.04 INDIA INFRADEBT LIMITED 25 APRIL 2033 | 2.09 |
Top 10 Equity in the Fund
| Security Name | Amount in Crores (₹) |
|---|---|
| HOUSING DEVELOPMENT FINANCE CORP BANK | 2.85 |
| ICICI BANK LIMITED | 2.78 |
| RELIANCE INDUSTRIES LIMITED | 2.39 |
| INFOSYS LIMITED | 2.25 |
| NTPC LIMITED | 1.34 |
| MAHINDRA & MAHINDRA LIMITED | 1.28 |
| LARSEN & TOUBRO LIMITED | 0.99 |
| ZOMATO INDIA LIMITED | 0.94 |
| BHARTI AIRTEL LIMITED | 0.93 |
| STATE BANK OF INDIA | 0.89 |
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