Axis Max Life Launches Nifty 500 Multifactor 50 Index Pension Fund

Axis Max Life Insurance Ltd. has introduced the Axis Max Life Nifty 500 Multifactor 50 Index Pension Fund, a passively managed equity pension fund designed to help policyholders build a retirement corpus through a diversified, factor-based investing approach.

The fund mirrors the Nifty 500 Multifactor MQVLv 50 Index and combines momentum, quality, value and low volatility as four key investment factors to offer a combination of growth and downside protection, according to a press release by the company.

It provides long-term investors with a well-diversified equity portfolio selected from the Nifty 500 universe, helping mitigate concentration and sectoral risks. The fund will be available to policyholders with Axis Max Life Forever Young Pension Plan.

• Benchmark: Nifty 500 Multifactor MQVLv 50 Index.

• Stock Universe: Top 50 stocks from the Nifty 500 based on composite factor scores.

• Risk Profile: Very High.

• Asset Allocation: 80–100% Equity; 0–20% Cash/Money Market Instruments.

• NFO Period: July 1–16, 2025 at Rs 10 per unit

• Available with: Axis Max Life Forever Young Pension Plan

The fund's objective is to generate long-term capital growth by investing in a basket of equities that mirror the Nifty 500 Multifactor MQVLv 50 Index, which comprises top-performing companies from the Nifty 500 based on composite factor scoring.

The asset allocation is structured to invest 80–100% in equities and 0-20% in cash and money market instruments, with no debt exposure. The passive strategy enables close replication of index performance while limiting costs and minimising active decision risks. With a very-high risk profile, the fund is suitable for investors with a long-term investment horizon and higher risk appetite.