How is this fund different from a regular dividend mutual fund?

Three key differences. First, it's passive — it tracks an index instead of an actively managed portfolio, which keeps costs lower and avoids fund-manager bias. Second, it's wrapped inside a ULIP, so you get inbuilt life insurance, tax benefits, and free fund-switching — features a mutual fund cannot offer. Third, the underlying index screens for 9 years of dividend consistency plus low volatility, making the portfolio more defensive than a typical high-yield mutual fund.

What returns has the underlying index delivered historically?

The BSE Dividend Stability Index has delivered approximately 23% over 5 years and 19.4% over 7 years, outperforming benchmarks like BSE 100, BSE 500 and BSE 250 LargeMidCap over the same periods. Past performance is not a guarantee of future returns.

Who should consider investing in this fund?

This fund suits investors who: (a) have a long-term horizon of 7+ years, (b) want equity growth with relatively lower volatility than a small-cap or mid-cap fund, (c) prefer a rules-based, transparent strategy over active management, and (d) want life cover and tax benefits bundled with their investment.

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Axis Max BSE Dividend Stability Index Fund

The Axis Max BSE Dividend Stability Index Fund is a new-age, passively managed equity fund from Axis Max Life Insurance, designed to capture the long-term wealth-creation potential of India's most dependable dividend-paying large-caps. By tracking the BSE Dividend Stability Index, it offers rules-based exposure to financially disciplined sector leaders wrapped within a ULIP that also provides life cover and tax benefits. NFO opens from 23rd-31st May 2026.

Plans starting from ₹1000/month

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Generate wealthEarn 1 Cr^# in maturity with Zero LTCG tax^¶
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What is Axis Max BSE Dividend Stability Index Fund?

The Axis Max BSE Dividend Stability Index Fund is a ULIP-linked equity index fund that replicates the composition and performance of the BSE Dividend Stability Index. Instead of an active fund manager picking stocks, the fund mirrors the index, which itself is built from a rules-based screen of BSE LargeCap companies that have consistently paid dividends over the past several years.

The fund invests in large, financially disciplined companies that generate steady cash flows and have historically rewarded shareholders with consistent dividends. Because the strategy is rules-based and passive, it avoids fund-manager bias, keeps costs low, and offers transparent exposure to India's most dividend-reliable businesses — sector leaders like Coal India, HAL, TVS Motor and similar large-caps that have weathered multiple market cycles.

Highlights of Axis Max BSE Dividend Stability Index Fund

Particulars	Details
Risk Profile	High
NFO Period	23rd-31st May
Current NAV	₹10
Minimum Investment	₹2000

Reasons Why You Should Invest in Axis Max BSE Dividend Stability Index Fund

Here is why this fund deserves a place in a long-term portfolio:

Strong track record of the underlying index: The BSE Dividend Stability Index has delivered approximately 23% returns over 5 years and 19.4% over 7 years, outperforming broad benchmarks like BSE 100 (12.8% / 13.4%) and BSE 500 (13.8% / 14.7%) over comparable periods. (Past performance, no guarantee of future returns.)
Stability through dividend-paying large-caps: The index only includes companies that have paid dividends consistently for the past 9 years and that are part of the BSE LargeCap universe. These are typically sector leaders with predictable cash flows — companies built to last through every economic cycle.
Lower volatility, smoother ride: The index screens for companies with lower volatility in addition to dividend stability. That means smaller drawdowns during market corrections compared to broader small- and mid-cap indices — an attractive trait for risk-conscious investors.
Exposure to India's growth engines: India's GDP is growing at roughly 7.3% — among the fastest of all G20 economies. The fund captures this growth through sector leaders in Financial Services, Energy, Consumer Discretionary, Defence and Power - The structural pillars of the Indian economy.

What is the BSE Dividend Stability Index?

The BSE Dividend Stability Index (formerly the S&P BSE Dividend Stability Index) is an equity index designed and maintained by BSE Index Services Pvt. Ltd. (a wholly owned subsidiary of BSE Ltd., earlier known as Asia Index Pvt. Ltd.). It is built to identify and track Indian large-cap companies with a proven, multi-year record of paying stable dividends.

Construction methodology:

Universe: The index draws from the BSE LargeCap, a size sub-index of the BSE AllCap covering India's largest listed companies.
Listing history filter: A stock must have a listing history of at least 7 years on the BSE as of the rebalancing reference date.
Dividend stability filter: The methodology selects companies that have paid dividends consistently — Axis Max Life applies an additional lens of 9-year consistent dividend payment for fund selection.
Quality screens: Profitability, financial stability, and growth potential are factored in. The methodology also leans toward companies with lower volatility.
Weighting: The index uses the free-float market capitalisation method, so each company's weight reflects only the shares available for public trading.
Constituents: Currently around 74 companies (subject to change at rebalancing).
Rebalancing: Annual review and reconstitution; constituents can also exit between rebalancings due to corporate events (delisting, mergers, bankruptcies, GSM list inclusion, etc.).
Governance: Overseen by BSE Index Services' Index Oversight Committee, which meets regularly to review constituents, corporate actions and methodology.

BSE Dividend Stability Index Fund vs Other Indices

Index Name	5-Year Return	7-Year Return
BSE Dividend Stability Index	23%	19.4%
BSE 500	13.8%	14.7%
BSE 100	12.8%	13.4%
BSE 250 LargeMidCap	13.5%	14.5%
BSE Small Cap 250	18.3%	18.9%

Sectors of BSE Dividend Stability Index

Sector	Allocation (%)
Energy	31.93%
Financial Services	14.4%
Consumer Discretionary	11.59%
Information Technology	11.25%
Fast Moving Consumer Goods	8.95%
Utilities	8.26%
Healthcare	4.68%
Industrials	4.67%
Commodities	3.72%
Services	0.55%

How to Buy Axis Max BSE Dividend Stability Index Fund from Policybazaar?

To buy the Axis Max BSE Dividend Stability Index Fund from Policybazaar, follow these steps:

Step 1: Fill in your name and contact number in the form on this page to get started.

Note: Your details are kept confidential and will only be used to customize your benefits.

Step 2: You can also visit the plans just by clicking View Plans below

Step 3: Once logged in, you'll be prompted to fill in your city, age, and annual income 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 Axis Max Life Investment Plans on a blue and red card. Select the Axis Max BSE Dividend Stability Index Fund option that best suits your needs from the following options:

Step 5: In the Axis Max BSE Dividend Stability 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 plan details 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 Investing in the Axis Max BSE Dividend Stability Index Fund from Policybazaar?

Investing via Policybazaar provides various advantages, including:

Ease of Access: Invest digitally in the Axis Max BSE Dividend Stability Index Fund without the hassle of visiting banks or agents.
Plan Comparison: Evaluate various investment options, including the latest funds, to make well-informed choices and secure competitive deals.
Professional Support: Benefit from expert advice to choose the NFO plan that aligns with your financial goals and requirements.
Tax Savings: Enjoy tax benefits under Section 80C and Section 10(10D) of the Income Tax Act by investing through Policybazaar.

FAQs

How is this fund different from a regular dividend mutual fund?

Three key differences. First, it's passive — it tracks an index instead of an actively managed portfolio, which keeps costs lower and avoids fund-manager bias. Second, it's wrapped inside a ULIP, so you get inbuilt life insurance, tax benefits, and free fund-switching — features a mutual fund cannot offer. Third, the underlying index screens for 9 years of dividend consistency plus low volatility, making the portfolio more defensive than a typical high-yield mutual fund.
What returns has the underlying index delivered historically?

The BSE Dividend Stability Index has delivered approximately 23% over 5 years and 19.4% over 7 years, outperforming benchmarks like BSE 100, BSE 500 and BSE 250 LargeMidCap over the same periods. Past performance is not a guarantee of future returns.
Who should consider investing in this fund?

This fund suits investors who: (a) have a long-term horizon of 7+ years, (b) want equity growth with relatively lower volatility than a small-cap or mid-cap fund, (c) prefer a rules-based, transparent strategy over active management, and (d) want life cover and tax benefits bundled with their investment.