Axis Max Life Global Innovation Leaders Fund

The Axis Max Life Global Innovation Leaders Fund is a newly launched fund. So, it does not have a historical performance track record as of yet. But, as the fund will primarily invest in equity-focused ETFs such as the iShares Global Tech ETF, a closer look at the historical performance of the ETF can provide insight into the long-term growth potential of the fund. The below chart compares the performance of the iShares Global Tech ETF to the broad-based S&P 500 Index as of 30 June 2026:

Note: Returns shown above are as of 30 June 2026. 3 Year, 5 Year, 10 Year and Returns since inception data shown above are annualised returns. Past returns do not guarantee future performance.

As you can see, over various time periods and market cycles, the iShares Global Tech ETF has outperformed the broad-based S&P 500 Index. While there is no guarantee that the same level of performance will be continued in the future, this does show the growth potential that this fund is capable of delivering over the long term.

The Axis Max Life Global Innovation Leaders Fund is designed to provide investors with exposure to globally listed companies that are contributing to economic transformation and technological innovation over the long term. Let's take a look at the investment selection process of this fund in greater detail:

• The fund is expected to invest in equity ETFs such as the iShares Global Tech ETF. The minimum portfolio allocation to these equity ETFs is 80% but this can be increased up to 100% based on the fund manager’s conviction and market conditions.
• Axis Max Life performed a multi-ETF screening exercise for suitable options across various global technology and innovation-themed ETFs. Key factors considered were thematic breadth, geographic diversification, underlying holdings, liquidity, expense ratio, concentration risk, long-term scalability, etc.
• The iShares Global Tech ETF is currently the preferred choice for this fund as this ETF represents a well-diversified approach to innovation leaders in software, semiconductors, hardware, cloud computing, artificial intelligence, digital infrastructure, and other cutting edge technology-related areas.
• The fund is also expected to provide wide geographic diversification within its holdings. This includes stocks from companies domiciled in key developed countries such as the United States, Taiwan, South Korea, Japan, etc. This helps limit exposure to a single market and thereby reduces potential concentration risk for the policyholders.
• The portfolio of the Axis Max Life Global Innovation Leaders Fund is expected to primarily feature companies that have established and time-tested business models, strong balance sheets, global market leadership and make significant R&D investment to drive technological innovation.

As previously mentioned, the Axis Max Life Global Innovation Leaders Fund will invest in equity-ETFs such as the iShares Global Tech ETF. Therefore, a closer look at the portfolio of this ETF can provide a good indication of the various sectors in which the fund will invest.

The following are the top sector allocations of the iShares Global Tech ETF (as of 30 June 2026):

Since the Axis Max Life Global Innovation Leaders Fund primarily invest in ETFs such as the iShares Global Tech ETF, the fund’s portfolio is expected to feature similar stocks as the ETF's holdings.

Here are the iShares Global Tech ETF's top five equity stock holdings (as of 30 June 2026):

These are among the world's top tech firms and are a key players in diverse fields of techological innovation and disruption, such as, artificial intelligence, semiconductors, cloud computing, enterprise software, and digital infrastructure.

With holdings in 125+ companies from across the world, the portfolio of the ETF is well diversified and helps to mitigate concentration risk while also giving exposure to leading innovators from across the globe. The Axis Max Life Global Innovation Leaders Fund is expected to provide policyholders with similar benefits in terms of diversification and exposure to cutting-edge tech stocks from across the world.

As the Axis Max Life Global Innovation Leaders Fund will primarily invest in ETFs such as iShares Global Tech ETF, the geographic distribution of the investments made by the ETF can be used as a surrogate of the key countries this fund will invest in.

Below are the top five country allocations of the iShares Global Tech ETF (as of 30 June 2026):

By diversifying its geographic exposure, the Axis Max Life Global Innovation Leaders Fund is expected to allow investors to gain exposure to the top-tier technology firms from around the world. This helps limit their exposure to any one country or market thereby reducing the overall geographic risk in the portfolio.

• Fund Name: Axis Max Life Global Innovation Leaders Fund
• SFIN: ULGC006002026GLOBALINNOMAX
• Risk Profile: Very High
• Investment Objective: Investing in globally listed companies that generate, enable or benefit from innovation, technological advancement and disruptive growth trends with the aim of achieving long-term capital appreciation.
• NFO Period: 28 July to 20 August 2026.

Asset Mix:

The Axis Max Life Global Innovation Leaders Fund is available as part of the Axis Max Life Smart Global Investment Fostering Tomorrow (Smart GIFT) Plan (UIN:MAXL001V002), a US Dollar-denominated ULIP offering that Axis Max Life currently offers under the GIFT City IFSC framework. This fund will be available to both new and existing policyholders of the Axis Max Life Smart GIFT Plan during the NFO period from 28 July to 20 August 2026.

The Axis Max Life Global Innovation Leaders Fund is intended for investors who wish to make long term investments in technology and innovation companies from around the world. Also being an equity oriented fund, it has a risk rating of “Very High”, so may not be appropriate for all types of individuals.

Here are some of the investor categories that can opt for the Axis Max Life Global Innovation Leaders Fund investment:

• Investors looking for long-term capital appreciation from companies that are on the cutting edge of innovation in areas such as artificial intelligence, cloud computing, semiconductors, digital infrastructure, etc.
• Investors seeking global investments in companies domiciled in countries such as the United States, Taiwan, South Korea, Japan, and other developed markets. This can help reduce dependence on a single geography.
• Investors seeking US Dollar-denominated investments that can help reduce currency depreciation-related risks Investors with high risk tolerance who can stay invested over the long-term to maximise potential benefits from equity investments.

These are some examples of investors who may benefit from investing in the Axis Max Life Global Innovation Leaders Fund. However, other investors with suitable financial goals, investment horizons, and risk appetite may also consider investing in the fund.

Currently, the Axis Max Life Smart Global Investment Fostering Tomorrow Plan allows policyholders to invest in various global ULIP funds such as: