KOLKATA, Jan 2: Axis Max Life Insurance Ltd., formerly known as Max Life Insurance Company, has announced the launch of Axis Max Life Sustainable Wealth 50 Index Fund.
This first-of-its-kind customised Index Fund will be computed and maintained by NSE Indices Limited and intends to invest in cash flow generating companies for their growth, according to a media statement here on Thursday.
Sachin Bajaj, EVP and Chief Investment Officer, Axis Max Life, commented, ” The launch of the Axis Max Life Sustainable Wealth 50 Index Fund, reaffirms our commitment to providing value-driven investment options that address evolving market dynamics and investor priorities. This fund leverages the power of a unique, factor-based index that identifies companies with robust cash flows based on our internal methodology. 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. The Customised Index will be computed and maintained by NSE Indices Limited.”
(UNI)
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