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Axis Max Life Midcap Momentum Index Fund
Axis Max Life Midcap Momentum Index Fund (SFIN: ULIF02801/01/24MIDMOMENTM104) is an open-ended equity index fund that is passively managed and invests primarily in the 50 midcap stocks that comprise the N
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Investment Philosophy
The fund mirrors the composition and weight of individual stocks featured on the Nifty Midcap 150 Momentum 50 Index, so midcap equities are the primary investments of this scheme
The fund would attempt to mirror the performance of the Nifty Midcap 150 Momentum 50 Index accounting for applicable tracking error.
The 50 midcap stocks that the scheme invests in are selected based on their normalised momentum scores as per the calculation methodology specified by the National Stock Exchange (NSE).
Portfolio Overview
The fund is mandatorily required to invest at least 80% of its investible assets in the 50 midcap stocks that comprise the Nifty Midcap 150 Momentum 50 Index. The remainder if scheme assets accounting for up to 20% of the investment portfolio can consist of various money market securities.
Top 10 Industry in the Fund
| Industry Name |
|---|
| INFRASTRUCTURE |
| FINANCIAL AND INSURANCE ACTIVITIES |
| MANUFACTURE OF MACHINERY AND EQUIPMENT N.E.C |
| CONSTRUCTION OF BUILDINGS |
| MANUFACTURE OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL PRODUCTS |
| MANUFACTURE OF ELECTRICAL EQUIPMENT |
| MANUFACTURE OF FABRICATED METAL PRODUCTS, EXCEPT MACHINERY AND EQUIPMENT |
| MANUFACTURE OF COMPUTER, ELECTRONIC AND OPTICAL PRODUCTS |
| MANUFACTURE OF BASIC METALS |
| OTHER |
Top 10 Equity in the Fund
| Security Name | % of AUM |
|---|---|
| MAX-HEALTHCARE INSTITUTE LTD | 4.69% |
| BSE LIMITED | 4.82% |
| SUZLON ENERGY LIMITED | 4.06% |
| COFORGE LIMITED | 3.80% |
| SOLAR INDUSTRIES INDIA LTD | 3.74% |
| HDFC ASSET MANAGEMENT COMPANY LIMITED | 3.69% |
| ONE 97 COMMUNICATIONS LIMITED | 3.50% |
| PERSISTENT SYSTEMS LIMITED | 3.33% |
| SRF LIMITED | 3.16% |
| DIXON TECHNOLOGIES INDIA LIMITED | 3.11% |
Trust of 20+ Years in Industry
Written bySumit Narula
Published 19th April 2024
Reviewed byPrateek Pandey
Last Modified 30th July 2026
Investment Expert
Modified Duration
| Debt Portfolio | 0.0082 |
| Money Market Instruments | 0.0082 |
| Beta | 0.9860 |
Note: Debt portfolio includes MMI
Asset Allocation
| Asset Type | Actual (%) | Asset-Range |
|---|---|---|
| Govt. Securities | 0.00% | 0% |
| Corporate Bonds | 0.00% | 0% |
| Money Market or Equivalent | 0.07% | 0-20% |
| Equities | 99.93% | 80-100% |
Fund Performance vs. Benchmark
Fund fact sheet of last 6 months
July 2025
June 2025
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February 2025
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