Max Life launches first-of-its-kind Midcap Momentum Index Fund in ULIP segment

Apart from unlocking strategic investments in mid-cap space, Max Life’s Midcap Momentum Index Fund, will also enable investors to diversify their investment portfolios with a proven track record of good returns, capitalise on stock market momentum and steer clear of fund manager bias while also enjoying the added advantage of life cover, the insurer said.

Sachin Bajaj, Head, Investments, Max Life, said, "This fund, with its distinctive momentum strategy, aligns with the expectations of modern consumers, and aims to harness the heightened growth potential within India’s mid-cap companies."

The fund’s momentum strategy focuses on selecting winning stocks i.e. stocks that have performed better than the broader market/stocks basket in the recent past and are expected to continue on this winning streak in the foreseeable future, contributing to the fund’s unique approach.

During the launch period, the fund is available with the Max Life Online Savings Plan with zero allocation and admin charges. It is also offered with Max Life Fast Track Super and capital guarantee solutions that offer OSP as the market-linked product.

The fund will also be available with Max Life’s leading products such as Max Life Platinum Wealth Plan, Max Life Flexi Wealth Plan, Max Life Flexi Wealth Advantage Plan and Max Life Smart Flexi Protect Solution in the near future.