Axis Max Life Growth Super Fund II

The Axis Max Life Growth Super Fund II (SFIN: ULIF04217/12/25GROWTHSUPR104) is an actively managed equity fund that is primarily focused on making large-cap stock investments. At least 80% of the fund corpus will remain invested in equities at all times with the Nifty 50 Index serving as its benchmark index.

Apart from equities, the Axis Max Life Growth Super Fund II will have to flexibility to allocate up to 20% of its assets in various non-equity instruments. Available options include various government securities, debt, cash and money market instruments. New and existing Axis Max Life ULIP policyholders can invest in this fund through different plans such as the Axis Max Life Flexi Wealth Advantage Plan (UIN: 104L121V04) and Axis Max Life Online Savings Plan Plus (UIN: 104L131V02).

The fund management team at Axis Max Life will follow a proven fund management strategy to select investments for the Axis Max Life Growth Super Fund II. Below are some key features of the active stock picking and fund management strategy adopted by Axis Max Life to select potentially high performing stocks to invest in:

• Identifying Reasonably Priced Stockss: The in-house team of analysts at Axis Max Life Insurance will focus on identifying businesses that have shown consistent growth and are available at attractive valuations. This involves finding businesses with high growth potential, which can lead to substantial capital appreciation for investors in the long-term.
• Trend Analysis: The team will attempt to identify and capitalise on long-term trends that can drive future growth and create investment opportunities. This can potentially help the fund manager rebalance the fund portfolio to potentially maximise benefits from changing market conditions.
• Market Timing: The fund management team will attempt to time entry into and exit from specific stocks and sectors to maximise returns for the policyholder. This may be achieved by identifying key inflection points through fundamental and macroeconomic analysis.
• In Depth Research: The in-house team at Axis Max Life Insurance will conduct detailed primary and secondary research that closely monitors the performance of hundreds of companies listed in Indian stock exchanges.
• Use of Advanced Technologies: The team will incorporate various proprietary screeners and other advanced technologies to identify potential investment opportunities. This is designed to help optimise the return on investments.

Additionally, the in-house team will perform detailed due diligence, make site visits, consult with industry experts, etc. to help with high conviction decision making for the fund manager.

The Axis Max Life Growth Super Fund II will follow an investment strategy similar to the previously launched Axis Max Life UL Life Super Growth Fund. Hence, a closer look at the current portfolio of the Axis Max Life Super Growth Fund can provide key insight into what the investments of the new fund may look like.

The below table shows the top 5 sectors and their individual portfolio allocation for the Axis Max Life Growth Super Fund as of 30 January, 2026:

As you can see, the fund is diversified across several key sectors. Policyholders who opt for the Axis Max Life Growth Super Fund II can expect a similar diversification strategy being replicated by the new fund.

This can help minimise concentration risk in the portfolio. So, the overall fund performance is expected to be less impacted by the underperformance or outperformance of any single sector or industry.

Equity investments in the new Axis Max Life Growth Super Fund II will also follow an investment strategy similar to that of the Axis Max Life Growth Super Fund. Therefore, the stock portfolio of the existing Axis Max Life Growth Super Fund can serve as a surrogate and provide insight into different investments that the new fund might make.

The table below illustrates the top 5 equity investments featured in the portfolio of the Axis Max Life Growth Super Fund as of 30 January, 2026:

As you can see, the exposure to any specific stock in the fund portfolio is limited, and a similar strategy is expected to be replicated in the case of ther Axis Max Life Growth Super Fund II. This limited exposure to any specific company can help the fund manager reduce the potential impact of future underperformance of a single stock on the fund's overall performance.

The Axis Max Life Growth Super Fund II will be available to existing and new policyholders through various Axis Max Life unit linked insurance plans. During the NFO period from 17 February to 3 March 2026, units of the fund will be available through the Axis Max Life Flexi Wealth Advantage Plan (UIN: 104L121V04) and Axis Max Life Online Savings Plan Plus (UIN: 104L131V02).

These ULIP offerings from Axis Max Life Insurance feature in-built life cover benefit. These ULIP plans also offer policyholders the opportunity to enhance protection provided by the base plans through purchase of optional riders and add-ons.

The Axis Max Life Growth Super Fund II has received a risk rating of “High”. This is primarily due to its high equity allocation which makes this fund prone to various equity investment risks such as short-term volatility risk and market risk.

So, this fund might not suit the financial needs of investors with low risk appetite. That said, some categories of investors who can consider investing in this new fund include the below:

• Individuals looking to benefit from active stock picking that leverages the expertise of experienced professional fund managers
• Investors with high risk appetite who can tolerate short-term market volatility and stay invested for the long-term
• Individuals looking to diversify their existing portfolio through exposure to large-cap stocks that are potentially less volatile than midcap and small cap stocks
• Policyholders who are seeking the dual benefit of long-term wealth creation through equities and in-built life cover through a single plan

The above list of investor categories that may benefit from investing in the new Axis Max Life Growth Super Fund II is illustrative. There may be many other groups of individuals who stand to benefit from investing in this new fund.

Fund Name: AMLI Growth Super Fund II

SFIN: ULIF04217/12/25GROWTHSUPR104

Risk Profile: High

Fund Objectives: 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 50 Index

Asset Mix:

NFO Period: 17 February to 3 March, 2026.

Funds for Initial Launch: Axis Max Life Flexi Wealth Advantage Plan (UIN: 104L121V04) and Axis Max Life Online Savings Plan Plus (UIN: 104L131V02)

Axis Max Life Insurance offers several actively managed funds to policyholders through its various ULIP offerings. Some of these actively managed equity funds from Axis Max Life Insurance are: