Max Life expands ULIP range, launches Nifty 500 Momentum 50 Index Fund
New Delhi, August 28, 2024.
Max Life Insurance Company Ltd. ("Max Life"/ "Company") has introduced the Nifty 500 Momentum 50 Index Fund in the ULIP segment. The New Fund Offer (NFO) window will remain open till 1st September 2024, at Rs. 10 per unit, applicable only during the NFO period.
The fund will track the Nifty 500 Momentum 50 Index, which comprises the top 50 companies within the Nifty 500 index, selected based on their Normalized Momentum Scores. The proposed fund brings together two popular investment approaches of flexicap and momentum investing and would be the second fund based on momentum investing strategy in Max Life's suite of funds, after the Midcap Momentum Index Fund launched in Jan'24. The fund aims to capitalize on the growing interest in flexicap funds, that re...
