Max Life Insurance is launching a new fund offering (NFO), Max Life Nifty 500 Momentum 50 Fund, from August 16th to 31st, 2024. This fund aims to replicate the performance of the Nifty 500 Momentum 50 Index by investing in its top 50 momentum stocks.
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Generate wealthEarn 1 Cr# in maturity with Zero LTCG tax¶
Double tax savings^On premiums (under 80C) and on maturity (under 10(10D))
Max Life NIFTY 500 Momentum 50 Fund is a fund that aims to replicate the performance of the Nifty 500 Momentum 50 Index. The Nifty 500 Momentum 50 Index tracks the performance of the top 50 companies from the Nifty 500, selected based on their momentum. Momentum is a measure of a stock's price movement over a specific period. The index primarily focuses on stocks that have shown strong price appreciation in the recent past.
Max Life Nifty 500 Momentum 50 Fund launching on 16th August and ending on 31st August 2024, invests in the same stocks as the index in the same proportions. This means the fund's portfolio will comprise the 50 top momentum stocks from the Nifty 500.
Highlights of Max Life Nifty 500 Momentum 50 Fund
Particulars
Details
Benchmark Index
NIFTY 500 Momentum 50 Index
Benchmark Index Returns
10-Year Returns: 25.4% p.a.
Risk Profile
High
NFO Launch Date
16th August 2024
NFO Duration
16th to 31st August 2024
Current NAV
Rs. 10
Minimum Investment
Rs. 2,000 per month
[Source: nseindia.com] Data updated as of August 15, 2024.
Reasons Why You Should Invest in Max Life Nifty 500 Momentum 50 Fund
The Max Life Nifty 500 Momentum 50 Fund presents a great investment opportunity for those seeking strong returns, flexibility, and security.
Exceptional Performance: With a remarkable 10-year return rate of 25.4%, this fund has consistently outperformed the market. This impressive track record makes it an attractive choice for investors aiming to grow their wealth.
Flexible Investment Options: The fund caters to a wide range of investor profiles by offering various Premium Payment Term (PPT) and Policy Term (PT) combinations. Moreover, you can start your investment journey with a minimal investment of Rs. 2000, making it accessible to everyone.
Security and Protection: Backed by Max Life Insurance, a renowned name in the Indian insurance industry, the fund provides a life insurance cover, offering an additional layer of financial security for you and your loved ones.
Cost-Effective Investment: As a passively managed fund tracking an index, the Max Life Nifty 500 Momentum 50 Fund boasts lower expense ratios compared to actively managed funds. This means more of your invested amount works towards generating returns.
Plans You Can Consider Under Max Life Nifty 500 Momentum 50 Fund
Max Life Online Savings Plan- WOP (Min Premium: 2,000)
Max Life Flexi Wealth Advantage Plan- Whole Life (Min Premium: 2,000)
What is the NIFTY 500 Momentum 50 Index?
The Nifty 500 Momentum 50 Index is a benchmark that tracks the performance of the top 50 companies from the Nifty 500 index based on their momentum. Momentum is determined by considering a company's 6-month and 12-month price returns, adjusted for volatility. The index aims to capture the potential of stocks that are showing strong price movements. The weight of each company in the index is calculated based on a combination of its momentum score and it's free-float market capitalization. This index is relatively new, launched in June 2024, and has already garnered attention from investors and fund houses.
NIFTY 500 Momentum 50 Index Performance With Other Indices
Index Name
3-Year Returns
5-Year Returns
10-Year Returns
NIFTY 500 Momentum 50
31.8%
33.9%
25.4%
NIFTY Midcap 150
28.4%
31.6%
21.0%
NIFTY Smallcap 250
26.0%
32.7%
18.0%
NIFTY 100
18.9%
19.9%
14.6%
NIFTY 500
21.0%
22.6%
15.7%
Sector Representation of the NIFTY 500 Momentum 50 Index
Top Sectors
Weightage (%)
Capital Goods
32.57
Financial Services
17.27
Automobile and Auto Components
13.75
Power
10.54
Consumer Services
5.18
Services
5.11
Consumer Durables
3.36
Construction
3.14
Metals & Mining
2.58
Oil, Gas & Consumable Fuels
2.08
Healthcare
1.66
Realty
1.65
Chemicals
1.10
[Source: nseindia.com] Data updated as of August 15, 2024.
Companies of NIFTY 500 Momentum 50 Index
How to Buy Max Life Nifty 500 Momentum 50 Fund from Policybazaar?
To buy the Max Life Nifty 500 Momentum 50 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 Max Life Investment Plans on a blue and red card. Select the Max Life Nifty 500 Momentum 50 Fund option that best suits your needs from the following options:
Max Life Online Savings Plans
Max Life Online Savings Plans-Waiver of Premium (WOP)
Max Life Flexi Wealth Advantage Plan- Whole Life
Step 5: In the Max Life Nifty 500 Momentum 50 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 Nifty 500 Momentum 50 Fund from Policybazaar?
Investing through Policybazaar offers a range of valuable benefits:
Convenience: With Policybazaar, you can invest in the Max Life Nifty 500 Momentum 50 Fund online, eliminating the need for physical visits to banks or insurance agents.
Comparison: Policybazaar provides a platform to compare various investment 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 Nifty 500 Momentum 50 Fund through Policybazaar can lead to tax benefits under Section 80C and Section 10(10D) of the Income Tax. The platform helps you understand and navigate the potential tax advantages associated with your investment, optimizing your financial planning.
FAQs
Under which plan can we avail ourselves of the benefits of the Max Life Nifty 500 Momentum 50 Fund?
The Max Life Nifty 500 Momentum 50 Fund is available with the following investment plans offered by Max Life:
Max Life Online Savings Plans
Max Life Online Savings Plans-Waiver of Premium (WOP)
Max Life Flexi Wealth Advantage Plan- Whole Life
What are the tax benefits under the Max Life Nifty 500 Momentum 50 Fund?
You can avail of the following tax benefits of investing in the Max Life Nifty 500 Momentum 50 Fund:
Section 80C: You can claim tax benefits under Section 80C of the Income Tax Act, 1961. It allows a deduction of up to ₹1.5 lakhs from taxable income for the invested amount in Max Life.
Section 10(10D): You can utilize Section 10(10D) benefits for your investments in Max Life New Fund Offering (NFO). This benefit is applicable if the annual premium paid is below Rs. 2.5 lakh.
What is the investment objective of the Max Life Nifty 500 Momentum 50 Fund?
Max Life Nifty 500 Momentum 50 Fund aims to track the performance of the top 50 companies within the Nifty 500 selected based on their Normalized Momentum Score. The Normalized Momentum Score for each company is determined based on its 6-month and 12-month price return, adjusted for volatility. Stock weights are based on a combination of the stock’s Normalized Momentum Score and its free-float market capitalization.
What is the minimum investment amount required to invest in Max Life Nifty 500 Momentum 50 Fund?
The minimum investment amount is Rs. 2,000. However, this may vary depending on the investment plan you choose.
What is the Nifty 500 Momentum 50 Index performance history?
Index Returns (%)
QTD
YTD
1 year
5 years
Since Inception
Price Returns
4.20
40.97
73.84
34.86
23.97
Total Returns
4.31
41.64
75.23
35.88
25.15
# QTD, YTD and 1-year returns are absolute returns. Returns for greater than one year are CAGR returns
Who should invest in the Max Life Nifty 500 Momentum 50 Index?
High-risk appetite investors: The index focuses on momentum stocks, which can be volatile.
Growth-oriented investors: The index aims to capture the growth potential of leading companies.
Short-term to medium-term investors: Momentum investing is often suitable for shorter investment horizons.
Those seeking diversification: While focused on momentum, the index still offers some diversification.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in *Past 10 Year annualised returns as on 01-11-2024 *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.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs. **Returns are based on past 10 years' fund performance data (Fund Data Source: Value Research).
Generate wealth Earn 1 Cr# in maturity with Zero LTCG tax¶
Double tax savings^ On premiums (under 80C) and on maturity (under 10(10D))
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