Axis Max Life Insurance Limited has launched the 'Axis Max Life Rising India Manufacturing Fund,' an actively managed thematic fund designed to offer policyholders the opportunity to participate in India's expanding manufacturing sector.

The objective of the actively managed fund will seek to invest in companies that are engaged in manufacturing and related or allied manufacturing activities. The fund focuses on the structural growth opportunity India is poised to reap as it moves towards becoming an exporter-competitive Indian nation and a domestic production-focused initiative.

The fund will primarily invest in the manufacturing sector and allied industries. This includes ancillary businesses, industrial infrastructure companies, engineering firms, automation solution providers, logistics participants, and other businesses that derive significant share of their revenues from the manufacturing sector. Through this diversified approach, the fund seeks to capture opportunities arising from India's focus on domestic production, localization, and global competitiveness.

Vaibhav Kumar, Head of Product Management and E-commerce at Axis Max Life, stated, "India's manufacturing ecosystem is at an important stage of its evolution, supported by a combination of policy reforms, infrastructure development, domestic demand and the growing diversification of global supply chains. As the country strengthens its position as a competitive manufacturing destination, we believe the opportunity extends beyond traditional manufacturers to a much wider ecosystem of businesses enabling this transformation."

Kumar added, "Our endeavour is to provide policyholders an actively managed avenue to participate in this long-term structural opportunity. The fund's diversified approach and disciplined investment framework will enable us to identify businesses with strong growth potential, competitive positioning, operational capabilities and financial strength, while expanding the range of investment choices available to our customers."

As an actively managed fund, the fund manager has the flexibility to identify opportunities within manufacturing and related sectors based on growth prospects, company fundamentals, valuations, and evolving market conditions. This approach enables efficient and flexible capital allocation, the identification of emerging opportunities, and the ability to adapt to changing market dynamics.

The fund will use the 'Nifty India Manufacturing Index' as its benchmark. It will be available through Axis Max LifeÆs Unit-Linked Insurance Plans (ULIPs) via both online and offline channels. The annual Fund Management Charge (FMC) for this fund is at 1.35% of the Assets Under Management (AUM).

With the launch of the 'Rising India Manufacturing Fund,' Axis Max Life continues to expand its range of investment offerings, providing policyholders with more choices to participate in the long-term opportunities emerging within the Indian economy.