Max Life UL Life Diversified Equity Fund
You Get
Overview
Fund Size (AUM)
Rs. 2137.01 crores as on 31 March 2024
NAV
Rs. 25.4867 as on 31 March 2024
1 Year Returns
47.20% as on 31 March 2024
Benchmark Index
NSE Nifty 200 100%
Inception Date
8 June 2020
Nav Performance
Investment Philosophy
This equity-oriented scheme allows investors to diversify their investments across various market caps. However, the scheme primarily focuses on investing in large cap and mid-cap stocks.
The scheme also features a sector agnostic investment style that allows investors to gain exposure to various sectors of the Indian economy through a single investment.
This diversified equity fund aims to provide investors with the dual benefit of long term capital appreciation while ensuring adequate liquidity in the investment portfolio.
Portfolio Overview
The minimum equity exposure that this scheme must maintain at all times is 70% and this allocation can be increased to 100% of the portfolio. The remainder of the fund portfolio can comprise G-Secs, corporate bonds and money market instruments/cash equivalents. The maximum portfolio allocation allowed towards Money Market instruments and cash equivalent is 30%. Whereas, corporate bonds and government securities exposure for the scheme is capped at 20%.
Top 10 Industry in the Fund
Industry Name | % in the Fund |
---|---|
FINANCIAL AND INSURANCE ACTIVITIES | 19.44% |
INFRASTRUCTURE | 12.62% |
COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES | 10.46% |
MUTUAL FUND - LIQUID | 7.43% |
MANUFACTURE OF PHARMACEUTICALS,MEDICINAL CHEMICAL AND BOTANICAL PRODUCTS | 7.19% |
MANUFACTURE OF COKE AND REFINED PETROLEUM PRODUCTS | 6.14% |
CENTRAL & STATE GOVERNMENT | 4.81% |
INFORMATION SERVICE ACTIVITIES | 4.74% |
MANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERS | 3.88% |
CONSTRUCTION OF BUILDINGS | 3.51% |
OTHER | 19.79% |
Asset Allocation
Asset Type | Actual (%) | Asset-Range |
---|---|---|
Govt. Securities | 0.00% | 0-20% |
Corporate Bonds | 0.00% | 0-20% |
Money Market or Equivalent | 3.85% | 0-30% |
Equities | 96.15% | 70-100% |
Fund Performance vs. Benchmark
Time Horizon* | Fund Returns (%) | Benchmark Returns (%) |
---|---|---|
1 Year | 47.20% | 36.88% |
3 Years | 18.64% | 17.12% |
5 Years | NA | NA |
Since Inception | 27.80% | 24.98% |
Rating Profile
AAA | 100% |
AA+ | 0.00% |
AA | 0.00% |
Below AA | 0.00% |
Modified Duration
Debt Portfolio | 0.0055 |
Money Market Instruments | 0.0055 |
Top 10 Equity in the Fund
Security Name | Amount in Crores (₹) |
---|---|
RELIANCE INDUSTRIES LIMITED | 131.22 |
ICICI BANK LIMITED | 121.60 |
HOUSING DEVELOPMENT FINANCE CORP BANK | 90.14 |
INFOSYS LIMITED | 77.95 |
TATA CONSULTANCY SERVICES LIMITED | 66.83 |
UTI NIFTY BANK ETF | 54.73 |
SUN PHARMACEUTICAL INDUSTRIES LIMITED | 51.80 |
LARSEN & TOUBRO LIMITED | 51.66 |
INDUSIND BANK LIMITED | 50.05 |
NTPC LIMITED | 45.66 |
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