Axis Max Life Diversified Equity Fund

NAV / 1-Day Return

Total Assets

29.1 Bil

Inception Date

Jun 10, 2020

Expense Ratio

—

Fee Level

—

Load

None

Growth of 10,000

Returns

Growth of 10K component includes four parts: Growth of 10K chart, Manager Change, Fund Flows, and Annual Return table.
	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	YTD
Investment	N/A	N/A	N/A	N/A	N/A	N/A	29.59	0.61	31.71	26.12	0.22
Category	-0.44	3.33	26.89	-1.89	4.81	18.44	29.46	1.84	28.01	17.01	N/A
Index	0.99	3.19	36.29	-2.11	9.69	19.99	32.84	2.47	26.07	15.94	3.42
Quartile Rank	—	—	—	—	—	—	Quartile Rank is second	Quartile Rank is third	Quartile Rank is first	Quartile Rank is first	—
Percentile Rank	—	—	—	—	—	—	42	56	18	4	—
# of Invest. in Cat.	12	12	14	17	16	50	51	50	52	57	—
Category Name	—	—	—	—	—	IN048 India Insurance Multi-Cap	IN048 India Insurance Multi-Cap	IN048 India Insurance Multi-Cap	IN048 India Insurance Multi-Cap	IN048 India Insurance Multi-Cap	IN048 India Insurance Multi-Cap

Asset Class	Net	Short	Long	Cat.	Index
Equity	96.19	0.00	96.19	94.40	–
Fixed Income	3.81	0.00	3.81	0.23	–
Preferred	0.00	0.00	0.00	0.00	–
Convertible	0.00	0.00	0.00	0.00	–
Cash	0.00	0.01	0.01	4.15	–
Other	0.00	0.00	0.00	1.68	–

Stock Style

People

Inception Date

Jun 10, 2020

Number of Managers

Longest Tenure

5.0 Years

Average Tenure

4.4 Years

Advisor(s)

Axis Max Life Insurance Limited

Management Team

Saurabh Katariya

Jun 10, 2020 –Present

Naresh Kumar

Jun 10, 2020 –Present

Rohit Tandon

Jun 10, 2020 –Present

Manager Timeline

Male
Female
Non-Binary
Not Disclosed
Not Available

Morningstar Risk & Return

Risk vs. Category

Return vs. Category

Holdings

Portfolio Holdings	# Long	# Short
Equity Holding	80	0
Bond Holding	3	0
Other Holding	6	0
Total Holding	89	0

Equity Holdings

Bond Holdings

Other Holdings

Total Holdings

—

As of —

Women Directors %

Women Executives %

Holdings	% Portfolio Weight	First Bought	Market Value as of Apr 30, 2025	Cur Currency	Share Change %	1-Year Return	Forward P/E	Economic Moat	ESG Risk Rating Assessment	Sector
HDFC Bank Ltd	6.46	Jun 30, 2020	1,880,114,775	INR Indian Rupee	0.00	26.86	—	—	—	Financial Services
Reliance Industries Ltd	6.19	Jun 30, 2020	1,799,407,385	INR Indian Rupee	9.89 % Increase	1.18	—	—	—	Energy
ICICI Bank Ltd	5.41	Jun 30, 2020	1,574,030,945	INR Indian Rupee	0.00	32.36	20.49	—	—	Financial Services
Infosys Ltd	3.89	Jun 30, 2020	1,132,399,988	INR Indian Rupee	0.00	9.14	23.15	Narrow	—	Technology
Bharti Airtel Ltd	2.99	Aug 31, 2021	869,582,290	INR Indian Rupee	0.00	37.03	—	—	—	Communication Services
Mahindra & Mahindra Ltd	2.53	Jul 31, 2023	735,228,379	INR Indian Rupee	0.00	15.84	25.91	—	—	Consumer Cyclical
Larsen & Toubro Ltd	2.43	Jul 31, 2020	706,073,576	INR Indian Rupee	13.02 % Decrease	6.77	—	—	—	Industrials
Bajaj Finance Ltd	2.26	Aug 31, 2023	657,033,643	INR Indian Rupee	0.00	36.71	—	—	—	Financial Services
Kotak Mahindra Bank Ltd	2.25	Jan 31, 2025	653,873,612	INR Indian Rupee	0.00	19.64	—	—	—	Financial Services
HDFC Life Insurance Co Ltd	1.81	Jul 31, 2024	525,962,489	INR Indian Rupee	25.98 % Increase	36.20	—	—	—	Financial Services

Holdings	% Portfolio Weight	Market Value as of Apr 30, 2025	Cur Currency	Share Change %	Maturity Date	Coupon Rate	Sector
7.06% Govt Stock 2028	3.54	1,030,447,686	INR Indian Rupee	100.00 % Increase	Apr 10, 2028	7.06	Government
7.23% Govt Stock 2039	0.19	55,889,380	INR Indian Rupee	100.00 % Increase	Apr 15, 2039	7.23	Government
7.18% Govt Stock 2037	0.07	20,727,645	INR Indian Rupee	100.00 % Increase	Jul 24, 2037	7.18	Government
6.75% Govt Stock 2029	—	0	—	100.00 % Decrease	—	—	—
7.3% Govt Stock 2053	—	0	—	100.00 % Decrease	—	—	—

Holdings	% Portfolio Weight	Market Value	Cur Currency	Prospectus Net Expense Ratio	1-Year Return	Morningstar Rating	Medalist Rating	Total Assets	Morningstar Category
UTI Nifty Bank ETF	2.21	643,341,750	INR Indian Rupee	—	14.29			39.24 Bil	India Fund Sector - Financial Services
ICICI Pru Nifty Bank ETF	1.72	498,762,880	INR Indian Rupee	—	14.23			31.07 Bil	India Fund Sector - Financial Services
Kotak Nifty Bank ETF	1.60	465,877,500	INR Indian Rupee	—	14.17			54.99 Bil	India Fund Sector - Financial Services
Nippon India ETF Nifty Bank BeES	1.20	349,717,200	INR Indian Rupee	1.00	14.14			76.29 Bil	India Fund Sector - Financial Services
SBI Nifty Bank ETF	1.04	302,373,000	INR Indian Rupee	—	14.20			43.72 Bil	India Fund Sector - Financial Services
Net Current Asset	0.00	708,100	—	—	—	—	—	—	—

Holdings as of Apr 30, 2025 | The top 89 largest holdings are available for display across Equity, Bond and Other.

About Us

Connect With Us

© Copyright 2025 Morningstar, Inc. All rights reserved. Please read our Terms of Use above. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
As of December 1st, 2023, the ESG-related information, methodologies, tools, ratings, data and opinions contained or reflected herein are not directed to or intended for use or distribution to India-based clients or users and their distribution to Indian resident individuals or entities is not permitted, and Morningstar/Sustainalytics accepts no responsibility or liability whatsoever for the actions of third parties in this respect.
Company: Morningstar India Private Limited; Regd. Office: 9th floor, Platinum Technopark, Plot No. 17/18, Sector 30A, Vashi, Navi Mumbai – 400705, Maharashtra, India; CIN: U72300MH2004PTC245103; Telephone No.: +91-22-61217100; Fax No.: +91-22-61217200; Contact: Morningstar India Help Desk (e-mail: helpdesk.in@morningstar.com) in case of queries or grievances.

Growth of 10,000

Returns

Asset Allocation

Stock Style

People

Management Team

Manager Timeline

Morningstar Risk & Return

Holdings

STOCKS

MUTUAL FUNDS

INSURANCE FUNDS