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Nifty Midcap 150 Momentum 50 Index Fund
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
...Read MoreYou Get (as on 31 July 2025)
Total investment
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Estimated returns
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Overview
Fund Size (AUM)
₹ 997.46 Cr
as on 31 July 2025
NAV
₹ 11.67
as on 31 July 2025
1 Year Return
-6.18%
as on 31 July 2025
Benchmark Index
Nifty Midcap150 Momentum 50 TRI
Inception Date
30 January 2024
30 January 2024
Nav Performance
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% |
Trusted by 3,500+ customers
Written bySumit Narula
Investment Writer
Published 19th April 2024
Reviewed byPrateek Pandey
Last Modified 12th September 2025
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
| Time Horizon* | Fund Returns (%) | Benchmark Returns (%) |
|---|---|---|
| 1 Year | -10.47% | -10.55% |
| 3 Years | NA | NA |
| 5 Years | NA | NA |
| Since Inception | 7.81% | 9.10% |
| Note: Returns more than 1 year are CAGR returns. Above Fund Returns are after deduction of Fund Management Charges (FMC) and as of 30 Sep, 2024. Past performance does not guarantee future returns. | ||
Fund fact sheet of last 6 months
July 2025
June 2025
May 2025
April 2025
March 2025
February 2025
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