Max Life Insurance launches ‘Max Life NIFTY Smallcap Quality Index Fund’: 5 things to know

“We are launching our first-ever Smallcap Index Fund to offer investors a low-cost value proposition. The Fund provides an excellent opportunity to participate in the India growth story by investing in quality companies in diverse sectors with a high growth potential. Over the past years, the small-cap and mid-cap indices have given stellar returns. This Fund is suited for investors with high-risk tolerance looking to generate good returns over the long term. We are launching the Fund at a time when the Indian economy expects to do well over the coming years, and investors can take part in the growth of manufacturing, infrastructure, consumption, financials, and new-tech space.” Mihir Vora, Senior Director, and Chief Investment Officer, at Max Life said. 

Max Life NIFTY Smallcap Quality Index Fund: Key things to know

1)It is designed to provide investors with an opportunity to capitalize on the growth potential of Smallcap companies, aiming for long-term index-linked returns. 

2)The New Fund Offer (NFO) window will remain open till 25 August 2023, at ₹10 per unit, applicable only during the NFO period.

3)A unique proposition of lower Fund Management Charges (FMC) makes this Index Fund a valuable investment avenue for millennial investors. 

4)The Fund will be available with the leading product – Online Savings Plan with zero allocation and admin charges, along with the Platinum Wealth Plan available with guaranteed wealth boosters and additions during the NFO period. The Fund will also be available with some other ULIP products. 

5) Closely tracking the total returns of the NIFTY Smallcap 250 Quality 50 Index subject to investment norms stipulated by IRDAI, this new Fund is expected to generate similar returns as of the benchmark returns

Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited. Max Financial Services Ltd. is a part of Max Group. Max Life offers comprehensive protection and long-term savings life insurance solutions, through its multi-channel distribution including agency and third-party distribution partners. 

Updated: 11 Aug 2023, 02:42 PM IST