Due to rising inflation and stagnating interest rates, traditional retirement options such as PPF (Public Provident Fund), EPF (Employees Provident Fund), EPS (Employees Pension Scheme), fixed deposits, etc., might not be sufficient to meet your post retirement financial needs. In this regard, the new Axis Max Life High Growth Pension Fund (SFIN: ULIF01311/02/08LIFEHIGHGR104) is an option that can provide the benefit of market-linked returns that can help one reach retirement corpus goals faster. Let’s take a closer look at key aspects of this fund....Read More
The Axis Max Life High Growth Pension Fund is an equity fund with a bias towards mid-cap stocks that will attempt to capture the high growth potential of fast growing midcap companies. Even with this bias towards midcap investments, the fund will retain the flexibility to maintain significant exposure towards large cap and small cap stocks. This multi-cap approach will allow this pension fund to diversify its investments across stocks of different market capitalisations to help strike an optimum balance between risk and return.
As a mandate this fund’s portfolio will maintain minimum equity exposure of 70% at all times. Apart from equities, the Axis Max Life High Growth Pension Fund also retains the flexibility to invest in other asset classes such as money market instruments/equivalent, corporate bonds and government securities. However, the cumulative allocation in asset classes other than equities cannot exceed 30% of the fund portfolio at any time. The Nifty Midcap 100 Index serves as the benchmark for this fund.
Apart from investing in multiple asset classes and stock of different market caps, this fund will also diversify its investments across multiple industries and sectors. Some of the key sectors this fund is expected to invest in include financial and insurance activities, infrastructure, computer programming and consultancy, information technology services, etc. This diversification across different sectors is designed to reduce the impact of underperformance or outperformance of any specific sector on the overall performance of the fund.
This actively managed pension fund will be available to new and existing policyholders through pension plans such as Axis Max Life Forever Young Pension Plan that can provide the dual benefit of life cover and market-linked capital appreciation in a single solution.
As the Axis Max Life High Growth Pension Fund is a newly launched fund, it does not have any direct historical data. However, the midcap-oriented approach of this pension fund is quite similar to the investment approach used by the existing Axis Max Life High Growth Fund, hence its performance can be used as a proxy for potential performance of the new fund.
What’s more both these funds use the Nifty MidCap 100 Index as the benchmark. The below table shows the historical returns of the Axis Max Life High Growth Fund vs the Nifty Midcap 100 Index across various time periods, as of 31 July, 2025:
Note: 3 Year, 5 year, 7 year, 10 year and returns since inception data shown above are CAGR returns. Past performance is not indicative of future results. Equity investments carry market risks including volatility and the potential for loss
As you can see from the above chart, the returns of the Axis Max Life High Growth Fund has managed to outperform its benchmark across different time periods. It should however be remembered that past performance does not guarantee future returns.
As already mentioned, the Axis Max Life High Growth Pension Fund will follow a similar midcap-biased high growth investment approach. So, policyholders who choose the new pension fund may be ideally placed to benefit from the long-term high growth potential illustrated in the above chart. This can be boon for those seeking market-linked retirement savings that can involve an investment horizon spanning decades.
The Axis Max Life High Growth Pension Fund is an actively managed fund, so a professional fund manager supported by a team of analysts will be actively involved in picking and selecting stocks to invest in
The fund’s portfolio will feature a bias towards mid-cap stocks but also maintain significant exposure to large and midcap companies. This diversification across market caps is expected to help the pension fund to strike an optimal balance between risk and potential returns. The portfolio must invest at least 70% in equities as per the mandate.
The rest of the fund assets i.e. up to 30% of the fund portfolio may be allocated towards various debt instruments such as money market instruments/equivalent, government securities and corporate bonds. This limited exposure to fixed return instruments is designed to help reduce the potential short-term volatility of the overall fund portfolio to some extent.
Apart from exposure to different asset classes and market capitalisations, this fund will also feature diversification across multiple sectors in an effort to minimise concentration risk in the fund’s portfolio. This is expected to be achieved through equity investments made in stocks belonging to diverse sectors such as financial and insurance activities; infrastructure; computer programming, consultancy and related activities; manufacture of electrical equipment; information service activities, etc. to name a few.
The portfolio of the Axis Max Life High Growth Pension fund is expected to feature significant similarity to the existing Axis Max Life High Growth Fund. So a closer look at the portfolio of the Axis Max Life High Growth Fund can provide some insight into what the sectoral allocation in the portfolio of the new pension fund might look like. Below are some of the key sectors featured in the portfolio of the Axis Max Life High Growth Fund as of 31 July, 2025 are:
| Sector/Industry | % Weight in Portfolio |
|---|---|
| Financial and Insurance Activities | 17.99 |
| Infrastructure | 11.19 |
| Computer Programming, Consultancy and Related Activities | 8.60 |
| Manufacture of Electrical Equipment | 6.38 |
| Information Service Activities | 6.33 |
As you can see from above, the top 2 sectors (financial and insurance activities as well as infrastructure) together account for almost 30% of the fund portfolio. This shows the fund manager’s conviction in the ability of these sectors to drive capital appreciation for the fund.
However, the remainder of the fund’s investible assets are spread across a wide range of sectors ensuring a high degree of diversification for the overall fund portfolio. This asset allocation strategy is designed to minimise sector-specific concentration risk. This way, the outperformance or underperformance of stocks belonging to a specific sector will have minimal impact on the fund’s overall performance.
As mentioned earlier, the investment strategy and portfolio of the Axis Max Life High Growth Pension Fund is expected to closely resemble the portfolio of the existing Axis Max Life High Growth Fund. To get a better idea about individual stocks that the new pension fund may invest in, let’s take a closer look at the top 10 stocks that were featured in the Axis Max Life High Growth Fund portfolio as of 31 July, 2025:
| Security Name |
|---|
| Eternal Limited |
| Dixon Technologies Indian Limited |
| SRF Limited |
| Max Healthcare Institute Limited |
| Coforge Limited |
| Max Healthcare Institute Limited |
| Persistent Systems Limited |
| AU Small Finance Bank Limited |
| Bandhan Bank Limited |
| Rural Electrification Corporation Limited |
The weight of individual stocks featured in the fund portfolio will maintained at relatively low levels. This is designed to reduce the potential impact that a single stock’s outperformance or underperformance might have on the overall fund portfolio.
| Features of Axis Max Life High Growth Pension Fund | Details of Axis Max Life High Growth Pension Fund |
|---|---|
| Fund name | Axis Max Life High Growth Pension Fund (SFIN: ULIF01311/02/08LIFEHIGHGR104) |
| Risk profile | Very High |
| Benchmark index | Nifty MidCap 100 Index |
| Asset allocation | Equities (70-100%) Money market or equivalent (0-30%) Government securities (0-30%) Corporate bonds (0-30%) |
| Investment objective | Multi-cap pension fund focusing on high growth mid-cap equities for long-term capital appreciation |
This pension fund will be available to new as well as existing policyholders via the Axis Max Life Forever Young Pension Plan. This plan provides the dual benefit of long term retirement savings along with in-built life cover.
Who Should Invest in the Axis Max Life High Growth Pension Fund?
Please note, this fund carries significant market risk typical of equity investments, so, may not be suitable for conservative investors or investors who are close to retirement.
If you’re looking for different risk profiles or investment strategies, Axis Max Life also offers other pension funds that are available with various Axis Max Life Pension Plans. These include:
This is an actively managed pension fund that primarily invests in equities with the aim of providing long-term capital appreciation to unit holders. As per the fund mandate, the minimum equity allocation of this fund must be maintained at a minimum of 70%. The remainder of fund assets accounting for up to 30% of the portfolio may be invested in money market or equivalents. Other investments that this pension fund can make include corporate bonds and government securities, however, the maximum exposure allowed for either instrument is 20% of the portfolio. This pension fund is benchmarked against the Nifty 50 Index.
This passively managed pension fund primarily invests in equities and tracks the composition of the Nifty 500 Multifactor MQVLv 50 Index. This fund uses a rules-based stock selection methodology using a composite factor score calculated using 4 different factors – momentum, quality, value and low volatility. This pension fund’s portfolio consists of 50 listed companies that are included in the Nifty 500 Index. Using this broad-based stock universe ensures that policyholders who choose the Axis Max Life Nifty 500 Multifactor 50 Index Pension Fund will get exposure to a portfolio that is diversified across various market caps and sectors.
ARN: Sep25/Bg/22D
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