Max Life Diversifies ULIP range with an all-new Midcap Momentum Index Fund.

National

Max Life Insurance CompanyLtd. (“Max Life”/ “Company”) has introduced the ‘Midcap Momentum Index Fund’ (SFIN: ULIF02801/01/24MIDMOMENTM104) in the ULIP segment. The new fund offering is structured around the Nifty Midcap 150 Momentum 50 Index, which has displayed a noteworthy 28.7 per cent* 5-year and 26.7 per cent* 10 year CAGR returns (returns as on 31st Dec’23). Investors can participate in the new fund until January 29, 2024, at a unit price of Rs 10, applicable exclusively during this limited NFO period.


      The fund currently has an Asset Under Management(AUM) of ₹41,620 Cr and the Latest NAV as of 17 Jan 2024 is ₹31.26.

      The Motilal Oswal Nifty Midcap 150 Index Fund Direct Growth is rated Moderately High risk.

      Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 500.

 

     


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