Axis Max Life High Growth Fund II

The Axis Max Life High Growth Fund II (SFIN: ULIF04117/12/25HIGHGROWTH104) is an actively fund that will primarily focus of making midcap equity investments. As per the fund mandate, minimum 80% equity exposure will be maintained at all times. However, the fund manager and team will have the flexibility to invest the remaining up to 20% of the fund’s investible assets in various fixed income instruments such as government securities, money market instruments/equivalents and corporate bonds

The Nifty Midcap Free Float 100 Index will serve as the fund’s benchmark. The fund manager and team of analysts will engage in active stock picking with the aim of outperforming the benchmark index and provide high long-term returns to the investor.

This fund will be available through various Axis Max Life ULIP offerings such as the Axis Max Life Online Savings Plan Plus. The Axis Max Life High Growth Fund II may be an ideal option for individuals with high risk appetite who prioritise long-term wealth creation to achieve their financial goals.

Axis Max Life High Growth Fund II is a newly launched fund. Therefore, there is no historical data related to performance of this fund. That said, the Axis Max Life High Growth Fund II is expected to follow a fund management strategy similar to the previously launched Axis Max Life High Growth Fund.

So, the historical returns of the Axis Max Life High Growth Fund can be used as a surrogate to gain some insight regarding the potential performance that investors may receive from the new fund. The below chart compares the historical returns of the Axis Max Life High Growth Fund vs. its benchmark, the Nifty Midcap Free Float 100 Index over various time periods as of 28 November, 2025:

Note: Returns data shown above is as of 28 November, 2025. In the above chart, 3, 4, 5 and returns since inception data are annualised returns. The fund returns shown above are after deduction of fund management charges (FMC). Past performance does not guarantee future returns.

The above chart clearly shows that the Axis Max Life High Growth Fund has managed to outperform its benchmark index over a variety of market conditions and time periods.

It is important to keep in mind that the the Axis Max Life High Growth Fund II will implement proven fund management strategies similar to the earlier Axis Max Life High Growth Fund. What’s more, both fund will also use the Nifty Midcap Free Float 100 Index as their benchmark index.

So, while returns are not guranteed, investors of the new fund may be ideally placed to receive similar level of outperformance versus the benchmark index.

Some key aspects of the strategy that the fund management team at Axis Max Life will implement when selecting stocks for the portfolio of the Axis Max Life High Growth Fund II are as follows:

• Focus on the indentification of business that have demonstrated consistent growth and are available at reasonable valuations
• Identification of long-term trends that have the potential to drive future growth and capitalising on these trends
• Timing entry and exit into specific stocks and sectors by identifying key inflection points through research into fundamentals and macro analysis
• Conducting in-depth research that closely monitors the performance of over 350 stocks listed in India through both primary and secondary research conducted by the in-house team
• Use of proprietary screeners along with other technologies and tools to identify potential investment opportunities and much more

By using the above-mentioned techniques and strategies, the fund management team at Axis Max Life will attempt to generate alpha and outperform the broader market.

The Axis Max Life High Growth Fund II will follow an investment strategy similar to the current Axis Max Life High Growth Fund. So a closer look at the portfolio of current Axis Max Life High Growth Fund can provide some insight into what investors can expect from the new fund.

The below table illustrates 5 key sectors and their individual weight as featured in the portfolio of the Axis Max Life High Growth Fund as of 28 November, 2025:

As you can see, the fund is well diversified across a variety of sectors and this feature is expected to be replicated by the Axis Max Life High Growth Fund II as well.

By maintaining a similar level of diversification, the Axis Max Life High Growth Fund II is expected to minimize concentration risk in its portfolio. This can help minimise the potential impact of any specific sector or industry on the overall performance of the fund.

As previously mentioned, the Axis Max Life High Growth Fund II will follow a stock selection methodology similar to the previously launched Axis Max Life High Growth Fund. So the stocks portfolio of the Axis Max High Growth Fund can serve a surrogate to provide key insights to potential investors.

The below table shows the top 5 stocks along with their individual weight as featured on the portfolio of the Axis Max Life High Growth Fund on 28 November, 2025:

As you can see, the exposure to any specific stock in the fund portfolio is quite limited and this strategy is expected to be the case even with the Axis Max Life High Growth Fund II. By controlling portfolio exposure to any specific stock, the fund is expected to be less impacted by the future underperformance or outperformance of any individual stock that it is invested in.

Fund Name: AMLI High Growth Fund II

SFIN: ULIF04117/12/25HIGHGROWTH104

Risk Profile: Very High

Fund Objective: This is a mid-cap fund investing in companies with high growth potential in the long term. At least 80% of the Fund corpus is always invested in equities. However, the remaining is invested in government securities, corporate bonds and money market instruments; hence, the risk involved is relatively higher.

Benchmark: Nifty Midcap Free Float 100 Index

Asset Mix:

NFO Period: 31 December 2025 to 15 January 2026

The Axis Max Life High Growth Fund II will be available through various ULIP offerings of Axis Max Life Insurance. During the NFO period (31 December 2025 to 15 January 2026), current and new policyholders will be able to purchase units of the new fund through the below Axis Max Life online and offline ULIP products:

• Axis Max Life Online Savings Plan Plus (OSP Plus) [UIN:104L131V01]
• Axis Max Life Online Savings Plan (OSP) [UIN: 104L098V06]
• Axis Max Life Smart Term with Additional Returns (STAR) ULIP [UIN: 104L128V01]

After completion of the NFO period, the fund may also be available through additional Axis Max Life Insurance ULIP offerings

The Axis Max Life High Growth Fund II has received a risk rating of “Very High” primarily due to its high equity allocation and its focus on potentially high volatility mid-cap stock investments. As a result, this fund might not be a suitable investment for all investor group. Some categories of investors who can consider investing in this fund include:

• Individuals seeking to benefit from active stock picking that leverages the expertise of an experienced professional fund manager and team of analysts
• Investors who can withstand short-term market volatility for potentially high long term inflation beating returns
• Individuals who want to focus on making mid-cap equity investments to diversify their existing investment portfolio
• Investors with high risk appetite who are seeking to achieve long-term financial goals through market-linked equity investments

The above list of investor categories who may benefit by investing in the new fund is illustrative. There may be many other groups of investors who stand to benefit by investing in the Axis Max Life High Growth Fund II.

Axis Max Life Insurance currently offers a wide range of actively managed funds that policyholders can invest in through various ULIP offerings. Some of these actively managed funds are: