Max Life Midcap Momentum Index Fund NFO

Max Life Midcap Momentum Index Fund is a New Fund Offering (NFO) launched by Max Life Insurance. It strategically invests in mid-cap stocks with growth potential, providing investors with an opportunity to capitalize on the momentum in the mid-cap segment.

Read more
investent plan
Plans starting from ₹1000/month
Max Life
loading...
hdfc life insurance
loading...
tata aia life insurance
loading...
Best Investment Plans
  • money
    Generate wealth with high returns Earn 1 Cr in maturity with Zero LTCG tax^
  • tax
    Double tax savings^ On premiums (under 80C) and on maturity (under 10(10D))
  • compare
    Compare & choose the best 30+ Plans and 150+ Fund options

What is the Max Life Midcap Momentum Index Fund?

The Max Life Momentum Index Fund is a newly launched New Fund Offering (NFO) provided by Max Life Insurance that focuses on investing in mid-cap stocks with high growth potential. It is the industry's first Momentum Index Fund.

The fund aims to achieve long-term capital appreciation by investing in the top 50 mid-cap companies on the basis of momentum score, with potential for high growth.

The fund follows a momentum investing strategy, focusing on stocks that have shown strong recent performance and are expected to continue growing in the future. It tracks a benchmark index, that is, the Nifty Midcap 150 Momentum 50 and selects stocks based on their inclusion and weightage in the index.

Max Life Midcap Momentum Index FundMax Life Midcap Momentum Index Fund

Highlights of Max Life Midcap Momentum Index Fund

Aspect Details
Investment Objective To achieve long-term capital appreciation by investing in mid-cap companies with high growth potential.
Benchmark Index NIFTY Midcap 150 Momentum 50 
Risk Profile Moderate Risk
Fund Launch Date 30th January 2024
Current NAV ₹10
Minimum Investment ₹2,000/month (Capital Guarantee Plans)
₹3,000/month (Online Savings Plans) 

Reasons Why You Should Invest in Max Life Midcap Momentum Index Fund

Max Life Momentum Index Fund is the industry's first Momentum Index Fund with a remarkable 5-year benchmark return of 28.10% as on 21st December 2023. This fund stands out by investing in the top 50 companies from the midcap universe based on their momentum score, all without the influence of any fund manager bias.

  1. Proven Track Record:

    Max Life Midcap Momentum Index Fund has a decade-long track record, boasting an impressive 28.10% benchmark return. This solid performance demonstrates the fund's ability to capture the momentum of midcap stocks, potentially delivering substantial returns for investors seeking growth opportunities.

  2. Investment Strategy:

    What sets this fund apart is its unique investment strategy. By selecting the top 50 companies from the midcap universe based on momentum scores, the fund ensures a dynamic and responsive portfolio. This strategy leverages market trends and eliminates any subjective bias that may be introduced by a fund manager, providing a transparent and systematic approach to investment.

  3. Tailored Investment Plans:

    Max Life Midcap Momentum Index Fund offers flexible investment options through its Online Savings Plan and Capital Guarantee Solution available with Policybazaar. What's even more exciting is the opportunity to invest with 0 charges. With a commitment as low as ₹2000 per month for Capital Guarantee Plan and ₹3000 per month for Online Savings Plans investors can get high returns. 

  4. Exclusive Offer for Policybazaar:

    Max Midcap Momentum Index Fund is extending an exclusive Pre-NFO offer for Policybazaar investors, allowing them to enter the market at the Net Asset Value (NAV) of ₹10. This unique opportunity provides early access to a fund with a proven track record and a strategy designed for long-term growth.

What are Index Funds?

Index funds in India are a type of mutual fund that aims to mirror the performance of a specific stock market index. These funds are designed to track the movements of a chosen benchmark, such as the Nifty 50 or the Sensex, which represent the performance of the overall stock market or a particular sector.

They are passively managed, meaning the fund manager doesn't actively pick stocks, but simply invests in the same stocks and proportions as the underlying index.

What is Momentum Investing?

Momentum investing is an investment strategy that tries to capitalize on the continuation of existing trends in the market. It focuses on buying securities, like funds or stocks, that have been performing well recently (rising prices) and selling them when they show signs of slowing down or reversing. The strategy includes assets with better returns and excludes those with poor performance, all within a defined analytical timeframe, making it a systematic and disciplined investment approach.

Midcap Fund and its Growth Phase

As the companies in the portfolio mature, they experience strong revenue and earnings growth, leading to potential price appreciation for the fund.

Midcap Fund and its Growth PhaseMidcap Fund and its Growth Phase

How does the Midcap Momentum Index Fund Work?

How does the Midcap Momentum Index Fund Work?How does the Midcap Momentum Index Fund Work?

Top Constituents of the Midcap Momentum Index Fund

Top Constituents of the Midcap Momentum Index FundTop Constituents of the Midcap Momentum Index Fund

Performance of Midcap Momentum Index Fund

Index Name  3-Years Returns 5-Years Returns 10-Years Returns
NIFTY 50 15.80% 13.10% 12.50%
NIFTY Midcap 150  28.80% 20.80% 20.50%
NIFTY Smallcap 250 31.50% 22.60% 16.30%
NIFTY Smallcap 250 Quality 50 33.80% 22.50% 22.40%
NIFTY Midcap 150 Momentum 50 37.50% 28.10% 26.80%

As on 21st December 2023

Why is Midcap Momentum Index Fund Smart Investment?

Investing in a Midcap Momentum Index Fund is a smart choice for several reasons:

  • High Growth Potential: Midcap companies, especially those exhibiting momentum, can offer significant growth potential due to their aggressive expansion plans and ability to capture market share from larger players.

  • Diversification: Investing in a diversified basket of mid-cap stocks reduces risk compared to concentrating on a single company or sector.

  • Momentum Riding: By tracking a momentum index, the fund aims to capitalize on existing upward trends in prices, potentially leading to higher returns than the broader market, particularly during bull runs.

  • Active Management: Active management allows the fund manager to adjust the portfolio based on changing market conditions and momentum dynamics, potentially enhancing performance.

About Max Life

Max Life Insurance Company Limited (formerly known as Max New York Life Insurance Company Limited) is an Indian life insurance company headquartered in New Delhi and the largest non-bank private-sector life insurer in India. It is an 80:20 joint venture between Max Financial Services and Axis Bank.

  • Max Life Insurance achieved significant progress across various business parameters in the Financial Year 2022-23.

  • The company has reinforced its position by prioritizing the development of a successful life insurance business.

  • The core values of long-term savings and protection have been central to Max Life Insurance's strategic focus.

  • Assets under management witnessed a substantial 14% increase, reaching Rs. 122,857 crores.

How to Buy Max Life Midcap Momentum Index Fund from Policybazaar?

To buy the Max Midcap Momentum Index Fund from Policybazaar, follow these steps:

Step 1: Go to the Policybazaar website or open the Policybazaar app. Log into your existing account or create a new one if you don't have an account yet.

Step 2: Add your name and contact number on the pre-quote page to compare different plans. 

Step 3: Once logged in, you'll be prompted to fill in your city, age, and contact numbers in the provided form. This information will be used to check the personalised benefits of the plans.

Step 4: After providing your personal information, you'll be presented with Max Life Plans in blue card. Select the Max Life Midcap Momentum Index Fund option that best suits your needs from the following options:

  • Max Life Capital Guarantee Solution

  • Max Life Online Savings Plan

Step 5: In the Max Life Midcap Momentum Index Fund, click the "Get Details" tab for more information.

You can also get FREE expert consultation; just click on the talk to an expert button. 

Step 6: Review the details of the plan carefully. Once satisfied, click on the "Proceed" button and follow the prompts on the screen to move forward with the purchase.

Step 7: You will be prompted to enter essential details and specify the amount you want to invest. Select the preferred mode of payment for your investment.

Step 8: Provide your required KYC (Know Your Customer) details. This step is essential for regulatory compliance.

Step 9: Complete the payment process. Upon successful payment, you will receive confirmation of your purchase.

What are the Benefits of Purchasing the Max Life Midcap Momentum Index Fund from Policybazaar?

Investing through Policybazaar offers a range of valuable benefits:

  • Convenience: With Policybazaar, you can invest in the Max Life Momentum Index Fund online, eliminating the need for physical visits to banks or insurance agents.

  • Comparison: Policybazaar provides a platform to compare various plans, including new funds. This ensures that you have all the necessary information to make an informed decision and secure the best deal available in the market.

  • Expert Guidance: Policybazaar boasts a team of financial experts who are ready to assist you in selecting the most suitable NFO plan based on your specific requirements and financial goals. 

  • Tax Advantages: Investing in the Max Life Midcap Momentum Index Fund through Policybazaar can lead to tax benefits. The platform helps you understand and navigate the potential tax advantages associated with your investment, optimizing your financial planning.

  • Easy Redemption: When redeeming your NFO investment, Policybazaar provides a seamless process, subject to the terms and conditions specified in the NFO agreement.

 

FAQ's

  • Under which plan can we avail the benefits of Max Life Midcap Momentum Index Fund?

    Max Life Midcap Momentum Index Fund is offered in the following plans:
    • Max Life Capital Guarantee Solution

    • Max Life Online Savings Plan

  • Is it good to invest in Max Life Midcap Momentum Index Fund?

    If you are looking for a fund with the potential to generate high returns over the long term and you have a moderate to high-risk appetite, then Max Life Midcap Momentum Index Fund can be a good option for you.
  • Who should invest in Max Life Midcap Momentum Index Fund?

    Max Life Midcap Momentum Index Fund is suitable for investors who:
    • Are looking for a fund with the potential to generate high returns over the long term

    • Have a moderate to high risk appetite

    • Are willing to invest for at least 10 years

    • Are looking for a tax-efficient investment option

  • How does the Max Life Midcap Momentum Index Fund benchmark its performance? 

    The Max Life Midcap Momentum Index Fund uses the NIFTY Midcap 150 Momentum 50. It is one of the leading indices representing the performance of the Indian equity market.
  • What are the tax implications under the Max Life Midcap Momentum Index Fund?

    Investors can avail of tax advantages under Section 80C of the Income Tax Act, 1961, which allows a deduction of up to ₹1.5 lakhs from their taxable income for the sum invested in the fund. The Section 10(10D) benefits can also be utilised by the policyholder if the yearly premium paid is below Rs. 2.5 lakh.
  • What are the differences and similarities between the Tata Nifty Midcap 150 Momentum 50 Index Fund and Max Life Midcap Momentum Index Fund? 

    Both funds invest in mid-cap stocks based on momentum, but:

    Similarities:

    • Investment universe: Both track the Nifty Midcap 150 Momentum 50 Index, investing in the top 50 momentum stocks from 150 mid-caps.

    • Investment style: Both focus on stocks with recent strong price performance.

    Differences:

    • Fund size: Tata has a smaller size (Rs 121 crore) compared to Max Life (Rs 1035 crore). 

*Past 5 Year annualised returns as on 01-07-2024
*All savings plans are provided by the insurer as per the IRDAI approved insurance plan. Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.

Ulip plans articles

Recent Articles
Popular Articles
Benefits of Buying Online ULIP Over Offline ULIP

21 Jun 2024

Unit Linked Insurance Plans (ULIPs) have emerged as a popular
Read more
Why Should ULIPs Be Part of Your Financial Planning in 2024?

19 Jun 2024

Financial planning requires agility and growth potential. ULIPs
Read more
ULIP for Wealth Creation

19 Jun 2024

Unit-linked insurance Plans (ULIPs) are financial products that
Read more
Dynamic Asset Allocation

21 May 2024

Dynamic Asset Allocation involves actively adjusting investment
Read more
ULIP Plan Riders

17 Jan 2024

ULIP or Unit Linked Insurance Plans provide rider benefits. They
Read more
ULIP Calculator
  • 08 Oct 2018
  • 121751
A ULIP Calculator is a financial tool designed to help you compare ULIP plans and estimate the maturity amount
Read more
SBI Life Smart Privilege Plan: Benefits & Features
  • 11 Jan 2017
  • 88467
SBI Life Smart Privilege is a unit-linked, non-participating life insurance plan offered by SBI Life Insurance
Read more
7 Things to Know About the Tax Benefits of ULIPs
  • 06 Oct 2021
  • 15028
Nowadays, Unit Linked Insurance Plans, i.e., ULIPs, have evolved as the popular income tax saving investment
Read more
ULIP Returns in 5 Years
  • 06 Dec 2023
  • 1860
ULIP means Unit Linked Insurance Plan. It is a unique financial instrument that combines insurance coverage with
Read more
Tata AIA ULIP Plan Calculator
  • 07 Feb 2023
  • 5923
A Tata AIA ULIP Plan Calculator is a premium and returns calculation tool that helps easily and quickly compare
Read more

Fund Reviews & Ratings
4.7 / 5 (Based on 22 Reviews)
(Showing Newest 10 reviews)
Priya
Hyderabad, January 31, 2024
Trustworthy investment
Trustworthy investment Max Midcap Momentum Index Fund instills confidence with its consistent and reliable performance.
Ritu
Agra, January 31, 2024
Transparent
Policybazaar and Max Midcap Momentum Index Fund maintain transparency in communication.
Aisha
Jaipur, January 30, 2024
Dynamic fund
Max Midcap Momentum Index Fund with dynamic and responsive investment strategy.
Aditya
Lucknow, January 30, 2024
Very Profitable investment
Max Midcap Momentum Index Fund proves to be a great choice.
Neha
Chandigarh, January 29, 2024
Reliable index fund
Max Midcap Momentum Index Fund maintains reliability and stability.
Nidhi
Raipur, January 29, 2024
Solid Performance till now
Max Midcap Momentum Index Fund is my clear choice.
Rohit
Guwahati, January 28, 2024
Very Profitable investment
Max Midcap Momentum Index Fund is my clear choice.
Vikram
Coimbatore, January 28, 2024
Impressive performance
Max Midcap Momentum Index Fund has been a great fund
Richa
Lucknow, January 27, 2024
Balanced choice Balance between risk and reward
Investing in Max Midcap Momentum Index Fund has been rewarding.
Raj
Mumbai, January 27, 2024
Impressed with fund
Impressed with fund. Max Midcap Momentum Index Fund delivers on promises making my investments worthwhile.
top

Become a Crorepati

Invest ₹10K/Month & Get ₹1 Crore returns*

Mobile +91
*T&C Applied.
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL