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Max Life UL Life Growth Fund
The Max Life UL Life Growth Fund (SFIN: ULIF00125/06/04LIFEGROWTH104) is a hybrid scheme that invests in various types of assets such as equities, corporate bonds, money market instruments and G-secs.
...Read MoreYou Get (as on 31 July 2025)
Total investment
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Estimated returns
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Maturity amount
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Overview
Fund Size (AUM)
₹7,724.82 Cr.
as on 31 July 2025
NAV
₹ 110.47
as on 31 July 2025
1 Year Returns
4.09%
as on 31 July 2025
Benchmark Index
CRISIL Bond Index 50% and NSE Nifty 50%
Inception Date
20 September 2004
Investment Philosophy
- The Max Life Growth Fund provides investors with exposure to both equity and debt asset classes through a single scheme.
The equity and debt allocation of the scheme is actively managed so is liable to change depending on changing market conditions and fund manager’s conviction.
This scheme provides a balance between capital appreciation through equity investments and preservation of capital through allocation towards potentially low volatility debt instruments.
Portfolio Overview
The minimum equity allocation allowed for this fund is 20% and the same time, this scheme’s equity exposure cannot exceed 70% at any time. The remainder of this scheme’s investible assets can be allocated towards debt instruments such as money market papers, corporate bonds and G-Secs. The maximum allocation allowed in the case of money market instruments is 40%, while the scheme is allowed to have a maximum exposure of 30% towards corporate bonds or government securities.
Nav Performance
Fund Performance vs. Benchmark
| Time Horizon* | Fund Returns (%) | Benchmark Returns (%) |
|---|---|---|
| 1 Year | 0.68% | 1.98% |
| 3 Years | 10.40% | 9.54% |
| 5 Years | 11.69% | 11.41%% |
| Since Inception | 12.05% | 11.38% |
Trusted by 3,500+ customers
Written bySumit Narula
Investment Writer
Published 17th April 2024
Reviewed byPrateek Pandey
Last Modified 11th September 2025
Investment Expert
Note: Returns more than 1 year are CAGR returns. Above Fund Returns are after deduction of Fund Management Charges (FMC). Above returns are after deduction of Fund Management Charges (FMC) and as of 31 July, 2025. Past performance does not guarantee future returns
Top 10 Government Securities in the Fund
| Security Name | % of AUM |
|---|---|
| 7.34 GOI 22 APRIL 2064 | 5.25% |
| 6.33 GOI 05 MAY 2035 | 4.48% |
| 6.90 GOI 15 APRIL 2065 | 3.92% |
| 7.24 GOI 18 AUGUST 2055 | 2.19% |
| 7.09 GOI 25 NOVEMBER 2074 | 1.55% |
| 6.8 GOI 15 DEC 2060 | 0.77% |
| 7.46 GOI 06 NOVEMBER 2073 | 0.48% |
| 7.41 GOI 19 DECEMBER 2036 | 0.37% |
| 7.14 ANDHRA PRADESH SDL 03 OCTOBER 2044 | 0.32% |
| 7.52 ANDHRA PRADESH SDL 07 FEBRUARY 2043 | 0.27% |
Top 10 Equity in the Fund
| Security Name | % of AUM |
|---|---|
| HOUSING DEVELOPMENT FINANCE CORP BANK | 5.82% |
| ICICI BANK LIMITED | 5.63% |
| RELIANCE INDUSTRIES LIMITED | 4.88% |
| INFOSYS LIMITED | 3.88% |
| MAHINDRA & MAHINDRA LIMITED | 2.66% |
| BHARTI AIRTEL LIMITED | 2.53% |
| LARSEN & TOUBRO LIMITED | 2.18% |
| ETERNAL LIMITED | 2.14% |
| NTPC LIMITED | 1.92% |
| BAJAJ FINANCE LIMITED | 1.53% |
Top 10 Bonds in the Fund
| Security Name | % of Fund |
|---|---|
| 7.80 YES BANK 29 SEP 2027 | 3.22% |
| 7.26 NATIONAL THERMAL POWER CORPORATION 20 MARCH 2040 | 1.81% |
| 7.37 NABARD 28 MAY 2035 | 1.53% |
| 6.84 NATIONAL THERMAL POWER CORPORATION 09 MAY 2035 | 1.04% |
| 7.93 INDIA INFRADEBT LIMITED 06 DECEMBER 2034 | 0.97% |
| 7.3006 CUBE HIGHWAYS TRUST 25 APR 2032 (STEP UP & STEP DOWN) | 0.75% |
| 7.76 FEDERAL BANK 12 NOV 2034 | 0.75% |
| 8.70 IFIL HOME FINANCE LIMITED 20 OCT 2025 | 0.72% |
| 9.15 SHRIRAM FINANCE 19 JANUARY 2029 | 0.72% |
| 8.20 MUTHOOT FINANCE 30 APRIL 2030 | 0.62% |
Asset Allocation
| Asset Type | Asset-Range |
|---|---|
| Govt. Securities | 0 - 30% |
| Corporate Bonds | 0 - 30% |
| Money Market OR Equivalent | 0 - 40% |
| Equities | 20 - 70% |
Rating Profile
| AAA | 83.08% |
| AA+ | 6.24% |
| AA | 1.88% |
| Below AA | 8.8% |
Modified Duration
| Debt Portfolio | 7.6344 |
| Money Market Instruments | 0.0001 |
Note: Debt portfolio includes MMI
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