Max Life UL Life Secured 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)
₹1,069.69 Cr
as on 30 Sep 2024
NAV
₹ 44.1714
as on 30 Sep 2024
1 Year Returns
10.08%
as on 30 Sep 2024
Benchmark Index
CRISIL Bond Index 100%
Inception Date
20 September 2004
Nav Performance
Investment Philosophy
Max Life Secured Fund is entirely invested in fixed return debt securities such as corporate bonds, money market instruments issued by banks and corporations as well as Government Securities issued by the central/state governments.
The high quality and potentially low risk debt portfolio of this scheme typically features low level of volatility. This is designed to provide a high degree of capital protection to investors in a variety of market conditions.
The actively managed portfolio of this debt scheme does not have any duration constraints. So the fund manager has the flexibility to choose high quality Debt instruments irrespective of their maturity date.
Fund Performance vs. Benchmark
| Time Horizon* | Fund Returns (%) | Benchmark Returns (%) |
|---|---|---|
| 1 Year | 10.08% | 9.27% |
| 3 Years | 6.18% | 5.94% |
| 5 Years | 7.23% | 6.98% |
| Since Inception | 7.69% | 7.54% |
Note: Returns more than 1 year are CAGR returns. Above Fund Returns are after deduction of Fund Management Charges (FMC) and as of 30 Sep, 2024. Past performance does not guarantee future returns.
Top 10 Government Securities in the Fund
| Security Name | Amount in Crores (₹) |
|---|---|
| 7.34 GOI 22 APRIL 2064 | 162.15 |
| 7.32 GOI 13 NOVEMBER 2030 | 155.69 |
| 7.23 GOI 15 APRIL 2039 | 102.17 |
| 7.10 GOI 08 APRIL 2034 | 55.16 |
| 7.25 GOI 12 JUNE 2063 | 50.49 |
| 7.30 GOI 19 JUNE 2053 | 31.59 |
| 7.27 ANDHRA PRADESH SDL 28 AUGUST 2041 | 22.59 |
| 7.77 ANDHRA PRADESH SDL 29 NOVEMBER 2035 | 21.00 |
| 7.51 UTTAR PRADESH SDL 27 MARCH 2038 | 19.21 |
| 6.99 GOI 15 DEC 2051 | 9.64 |
Top 10 Bonds in the Fund
| Security Name | Amount in Crores (₹) |
|---|---|
| 7.72 BAJAJ FINANCE LIMITED 23 MAY 2033 | 51.48 |
| 9.15 SHRIRAM FINANCE 19 JANUARY 2029 | 26.30 |
| 8.04 INDIA INFRADEBT LIMITED 25 APRIL 2033 | 26.19 |
| 7.36 NABFID 12 AUGUST 2044 (PUT OPTION) | 25.54 |
| 8.00 DATA INFRA TRUST 30 AUGUST 2034 (STEP UP & STEP DOWN) | 21.38 |
| 8.90 MUTHOOT FINANCE 07 OCTOBER 2027 | 20.58 |
| 7.65 HDFC BANK INFRA 20 MARCH 2034 | 20.56 |
| 7.50 HDFC BANK 08 JANUARY 2025 (FORMERLY HDFC LTD) | 14.99 |
| 7.80 YES BANK 01 OCT 2027 | 14.49 |
| 7.79 BAJAJ FINANCE LIMITED 20 SEPTEMBER 2033 | 12.98 |
Asset Allocation
| Asset Type | Actual (%) | Asset-Range |
|---|---|---|
| Govt. Securities | 61.68% | 50 - 100% |
| Corporate Bonds | 32.94% | 0 - 50% |
| Money Market OR Equivalent | 5.37% | 0 - 40% |
| Equities | 0.00% | 0 - 0% |
Top 10 Industry in the Fund
| Industry Name | % in the Fund |
|---|---|
| CENTRAL & STATE GOVERNMENT | 64.32% |
| FINANCIAL AND INSURANCE ACTIVITIES | 18.75% |
| INFRASTRUCTURE | 12.48% |
| INVESTMENTS IN HOUSING FINANCE | 1.72% |
| OTHER | 2.74% |
Rating Profile
| AAA | 88.74%% |
| AA+ | 8.71% |
| AA | 0.33% |
| Below AA | 2.23% |
Modified Duration
| Debt Portfolio | 7.3513 |
| Money Market Instruments | 0.0001 |
Note: Debt portfolio includes MMI
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