Individual
Max Life UL Money Market II Fund
You Get
With Axis 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)
Rs. 67.80 crores
as on 30 Sep 2024
NAV
11.9218
as on 30 Sep 2024
1 Year Returns
6.29%
as on 30 Sep 2024
Benchmark Index
CRISIL Liquid Index 100%
Inception Date
8 June 2020
Nav Performance
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 | 41.79% |
| FINANCIAL AND INSURANCE ACTIVITIES | 27.86% |
| INFRASTRUCTURE | 20.90% |
| MANUFACTURE OF COKE AND REFINED PETROLEUM PRODUCTS | 5.12% |
| INVESTMENTS IN HOUSING FINANCE | 4.33% |
| OTHER | 0.00% |
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 | 0.4047 |
| Money Market Instruments | 0.4047 |
Fund Performance vs. Benchmark
| Time Horizon* | Fund Returns (%) | Benchmark Returns (%) |
|---|---|---|
| 1 Year | 6.29% | 7.40% |
| 3 Years | 5.04% | 6.22% |
| 5 Years | NA | NA |
| Since Inception | 4.16% | 5.45% |
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