Axis Max Life Insurance Ltd., formerly known as Max Life Insurance Company Ltd. (“Axis Max Life”/“Company”), has announced the launch of Axis Max Life Sustainable Wealth 50 Index Fund. This first-of-its-kind fund which intends to invest in companies that generate consistent cash flows based on the proprietary Sustainable Yield Index is developed by Axis Max Life.
This customised Index will be computed and maintained by NSE Indices Limited. Sachin Bajaj, EVP and Chief Investment Officer, Axis Max Life commented, “We believe this fund will be a valuable addition to our portfolio and strengthens our position as one of India’s leading life insurance companies.”
Mukesh Agarwal, CEO, NSE Indices Limited, said, “We have worked with Axis Max Life Insurance to create this customised index based on Axis Max Life Insurance’ methodology.” Axis Max Life has established itself as a market leader in the online savings segment, achieving notable success with its suite of passive index funds, such as the ‘NIFTY Smallcap Quality Index Fund’, ‘Midcap Momentum Index Fund’, and ‘NIFTY Alpha 50 Fund’.
