Max Life UL Life Secured Fund
You Get
Overview
Fund Size (AUM)
₹ 1021.01 Cr
as on 31 March 2024
NAV
₹ 41.91
as on 31 March 2024
1 Year Returns
8.35%
as on 31 March 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 | 8.35% | 8.26% |
| 3 Years | 5.74% | 5.49% |
| 5 Years | 6.51% | 7.32% |
| Since Inception | 7.61% | 7.48% |
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.
Top 10 Government Securities in the Fund
| Security Name | Amount in Crores (₹) |
|---|---|
| 7.18 GOI 14 AUGUST 2033 | 262.57 |
| 7.32 GOI 13 NOVEMBER 2030 | 183.77 |
| 7.73 UTTAR PRADESH SDL 15 NOVEMBER 2034 | 50.89 |
| 7.25 GOI 12 JUNE 2063 | 33.94 |
| 7.77 ANDHRA PRADESH SDL 29 NOVEMBER 2035 | 20.49 |
| 7.51 UTTAR PRADESH SDL 27 MARCH 2038 | 18.75 |
| 6.99 GOI 15 DEC 2051 | 17.20 |
| 7.50 MAHARASHTRA SDL 27 MARCH 2044 | 10.15 |
| 7.73 UTTAR PRADESH SDL 15 NOVEMBER 2035 | 7.75 |
| 7.30 GOI 19 JUNE 2053 | 7.33 |
Top 10 Bonds in the Fund
| Security Name | Amount in Crores (₹) |
|---|---|
| 7.72 BAJAJ FINANCE LIMITED 23 MAY 2033 | 50.86 |
| 9.15 SHRIRAM FINANCE 19 JANUARY 2029 | 26.17 |
| 8.04 INDIA INFRADEBT LIMITED 25 APRIL 2033 | 25.90 |
| 7.48 INDIAN RAILWAY FINANCE CORP LTD 16 FEBRUARY 2034 | 25.10 |
| 7.65 HDFC BANK INFRA 20 MARCH 2034 | 20.30 |
| 8.45 CHOLAMANDALAM INVESTMENT & FIN CO LTD 21 NOVEMBER 2025 | 15.07 |
| 7.50 HDFC BANK 08 JANUARY 2025 (FORMERLY HDFC LTD) | 14.96 |
| 7.8 YES BANK 01 OCT 2027 | 14.15 |
| 8.50 CHOLAMANDALAM INVESTMENT & FIN CO LTD 27 MARCH 2026 | 14.11 |
| 7.79 BAJAJ FINANCE LIMITED 20 SEPTEMBER 2033 | 12.81 |
Asset Allocation
| Asset Type | Actual (%) | Asset-Range |
|---|---|---|
| Govt. Securities | 62.66% | 50-100% |
| Corporate Bonds | 33.94% | 0-50% |
| Money Market or Equivalent | 3.40% | 0-40% |
| Equities | 0.00% | 0-0% |
Top 10 Industry in the Fund
| Industry Name | % in the Fund |
|---|---|
| CENTRAL & STATE GOVERNMENT | 63.61% |
| FINANCIAL AND INSURANCE ACTIVITIES | 20.41% |
| INFRASTRUCTURE | 11.77% |
| INVESTMENTS IN HOUSING FINANCE | 1.80% |
| OTHER | 1.61% |
| WATER TRANSPORT | 0.79% |
Rating Profile
| AAA | 87.66% |
| AA+ | 9.71% |
| AA | 0.35% |
| Below AA | 2.28% |
Modified Duration
| Debt Portfolio | 5.8760 |
| Money Market Instruments | 0.0003 |
Note: Debt portfolio includes MMI
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