Max Life High Growth Fund
You Get
Overview
Fund Size (AUM)
₹ 5651.47 Cr
as on 31 March 2024
NAV
₹ 93.26
as on 31 March 2024
1 Year Return
63.65%
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 | 63.65% | 60.06% |
| 3 Years | 26.70% | 26.57% |
| 5 Years | 25.51% | 21.34% |
| Since Inception | 14.87% | 9.91% |
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 31 March, 2024. Past performance does not guarantee future returns.
Top 10 Equity in the Fund
| Security Name | Amount in Crores (₹) |
|---|---|
| MAX HEALTHCARE INSTITUTE LTD | 183.89 |
| THE INDIAN HOTELS COMPANY LIMITED | 148.87 |
| ZOMATO INDIA LIMITED | 145.52 |
| DIXON TECHNOLOGIES INDIA LIMITED | 141.50 |
| PB FINTECH LTD | 136.18 |
| SHRIRAM FINANCE LIMITED | 467.12 |
| BHARAT ELECTRONICS LIMITED | 113.85 |
| CG POWER & INDUSTRIAL SOLUTIONS LIMITED | 112.69 |
| JINDAL STAINLESS LTD | 109.16 |
| UNO MINDA LIMITED | 105.79 |
Top 10 Industries in the Fund
| Industry Name | % of Fund |
|---|---|
| FINANCIAL AND INSURANCE ACTIVITIES | 14.36% |
| INFRASTRUCTURE | 14.18% |
| MANUFACTURE OF PHARMACEUTICALS,MEDICINAL CHEMICAL AND BOTANICAL PRODUCTS | 9.18% |
| COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES | 5.33% |
| INFORMATION SERVICE ACTIVITIES | 4.98% |
| MANUFACTURE OF ELECTRICAL EQUIPMENT | 4.64% |
| MANUFACTURE OF COMPUTER, ELECTRONIC AND OPTICAL PRODUCTS | 4.52% |
| MANUFACTURE OF BEVERAGES | 3.86% |
| MANUFACTURE OF FABRICATED METAL PRODUCTS, EXCEPT MACHINERY AND EQUIPMENT | 3.70% |
| OTHER | 27.62% |
Asset Allocation
| Asset Type | Actual (%) | Asset-Range |
|---|---|---|
| Govt. Securities | 0.00% | 0-30% |
| Corporate Bonds | 0.00% | 0-30% |
| Money Market or Equivalent | 5.64% | 0-30% |
| Equities | 94.36% | 70-100% |
Rating Profile
| AAA | 82.14% |
| AA+ | 9.09% |
| AA | 0.47% |
| Below AA | 8.30% |
Modified Duration
| Debt Portfolio | 0.0055 |
| Money Market Instruments | 0.0055 |
Note: Debt portfolio includes MMI
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