Axis Max Life Diversified Equity Fund II

Axis Max Life Diversified Equity Fund II (SFIN: ULIF04317/12/25DIVIEQUITY104) is an actively manged equity fund that will be offered through ULIP offerings such as the Axis Max Life Online Savings Plan Plus (UIN: 104L131V01). So, policyholders will get the dual benefit of market-linked wealth creation and protection through the same plan.

As per mandate, minimum 80% of this fund’s corpus should always remain invested in equities. The remaining 20% of the fund’s investible assets may be allocated towards debt instruments such as money market instruments, Government securities and corporate bonds. The fund’s performance will be benchmarked against the Nifty 200 Index.

Additionally, the new fund is expected to leverage the expertise of the fund manager and a team of in-house analysts who have a proven track record of managing top perfoming funds such the Axis Max Life Diversified Equity Fund. As a reasult of its high equity exposure, this fund is prone to short-term volatility. So, the Axis Max Life Diversified Equity Fund II may be only considered suitable for policyholders with high risk appetite.

Axis Max Life Diversified Equity Fund II is a new fund, so it currently lacks any historical returns data. However, the new fund is expected to follow a fund management strategy similar to the existing Axis Max Life Diversified Equity Fund. Additionally, both these funds use the same Nifty 200 Index as their benchmark.

So, we can use the historical performance of the previously launched Axis Max Life Diversified Equity Fund as a surrogate to gain insight into the new fund’s potential performance. The historical returns of the Axis Max Life Diversified Equity Fund vs its benchmark, the Nifty 200 Index, over various time periods as of 31 March, 2026 are shown below:

Note: Returns data as of 31st March, 2026. In the above chart, 3 year, 4 year, 5 year and returns since inception data are annualised returns. The fund returns shown above are after deduction of fund management charges (FMC).

The above chart shows that the Axis Max Life Diversified Equity Fund has outperformed its benchmark index by a significant margin over a variety of market conditions and time periods. There is however, no guarantee that the same level of outperformance will be maintained in the future.

So, policyholders opting for the Axis Max Life Diversified Equity Fund II are likely to benefit from proven fund management strategies currently applied to the older Axis Max Life Diversified Equity Fund. As a result, the new fund also retains the potential to deliver significantly high returns in the future.

The fund management team at Axis Max Life will implement various time-tested strategies when selecting investments for the Diversified Equity Fund II portfolio. Here is an overview of the fund management strategy that is expected to drive portfolio construction of the Axis Max Life Diversified Equity Fund II:

• The first step involves finding fundamentally strong companies that have historically shown robust growth and are available at an attractive valuation. Our in-house research covers over 350 companies listed in India as part of the evaluation process.
• The next step involves focusing on long-term trends, such as identifying and capitalising on structural and sectoral themes that can drive growth and create attractive investment opportunities. This includes understanding the business model of individual stocks, analysing its financial statements, assessing its market position, etc.
• The fund management team also conducts independent evaluation of promoters and incoporates ESG (Environmental, Social, and Governance) ratings metrics into the stock selection model. This helps ensure that investments are in line with sustainable growth and performance standards.
• Additionally, various proprietary screeners and analytical techniques are also used to find potentially lucrative investment opportunities. This entails filtering and analysing vast amounts of data using various sophisticated techniques to find businesses that meet specific investment requirements.

These and other techniques are utilised by the fund manager and in-house analysts to construct a fund portfolio that has the potential to outperform its benchmark over various market conditions.

The Axis Max Life Diversified Equity Fund II follows an investment strategy similar to the Axis Max Life Diversified Equity Fund. So, a closer look at the current portfolio of Axis Max Life Diversified Equity Fund can help investors get some insight into what the portfolio of new fund might look like.

Here is an illustration of the key sectors and their individual weight in the portfolio of the Axis Max Life Diversified Equity Fund as of 31st March, 2026:

As you can see, the fund is highly diversified across various industries, and the Axis Max Life Diversified Equity Fund II portfolio is expected to feature a similar level of diversification. Maintaining a diverse portfolio of investments is expected to reduce potential concentration risk. This in turn might help reduce the possible impact of any particular industry or sector on the fund's overall performance.

Axis Max Life Diversified Equity Fund II is expected to follow an investment strategy that is similar to that of the previously launched Axis Max Life Diversified Equity Fund. Therefore, the portfolio of the new fund is expected to be feature equity investment choices similar to the older fund.

Below are some of the top equity stocks featured in the portfolio of the Axis Max Life Diversified Equity Fund along with their individual weights as of 31st March 2026:

So, the fund portfolio features only limited exposure to any specific stock, and the Axis Max Life Diversified Equity Fund II is expected to follow a similar approach.

This strategy can helps the fund control the potential impact of future underperformance or outperformance of any individual stock. This can help reduce the overall risk and optimise potential returns for the policyholder.

Fund Name: AMLI Diversified Equity Fund II
SFIN: ULIF04317/12/25DIVIEQUITY104
Risk Profile: High
Fund Objective: This is primarily an equity-oriented fund. At least 80% of the fund corpus is invested in equities at all times. The remaining is invested in debt instruments across Government, corporate, and money market papers.
Benchmark: Nifty 200 Index
Asset Mix:

NFO Period: 14th April to 27th April, 2026

Existing and new policyholders can purchase units of the Axis Max Life Diversified Equity Fund II through various ULIP offerings of Axis Max Life Insurance. During the NFO period, units of this fund will be available through Axis Max Life Online Savings Plan Plus (UIN: 104L131V01). After completion of the NFO period, this fund may be available through other ULIP plans.

The Axis Max Life Diversified Equity Fund II is an equity-oriented fund, so the performance of its portfolio is prone to volatility, especially in the short term. Additionally, this fund also features various risks commonly associated with equity investments such as market risk, performance risk, liquidity risk, etc.

But it does offer policyholders the opportunity to potentially benefit from inflation beating long-term returns while ensuring protection benefits through in-built life cover of an Axis Max Life ULIP . Here are some of the different groups of individuals who can opt for the Axis Max Life Diversified Equity Fund II:

• Investors seeking long-term wealth creation and inflation beating returns through equity investments
• Individuals seeking a balance between potential risk and return through diversified equity investments
• Investors seeking to benefit from the expertise of a professional fund manager by incorporating an actively managed equity fund into their existing portfolio
• Individuals with high risk tolerance who can stay invested even in the face of short-term volatility in their investment portfolio

These are only a few examples of the type of individuals who can profit by investing in the Axis Max Life Diversified Equity Fund II. However, may be many other categories of individuals who may also stand to benefit by investing in this fund.

Policyholders can invest in a wide range of actively managed funds through various ULIP offerings of Axis Max Life Insurance. Here are some of the actively managed funds currently offered by Axis Max Life Insurance: