THEBUSINESSBYES BUREAU

NEW DELHI, SEPTEMBER 15, 2026

Axis Max Life Insurance Ltd, formerly known as Max Life Insurance Company Ltd, on Tuesday announced the launch of the Axis Max Life Rising India Manufacturing Fund, an actively managed thematic fund aimed at providing policyholders an opportunity to participate in India’s expanding manufacturing ecosystem.

The fund will invest primarily in manufacturing and allied segments, including ancillary businesses, industrial infrastructure providers, engineering firms, automation solution providers and logistics companies, as well as businesses deriving a significant portion of their revenues from the broader manufacturing ecosystem.

The fund comes at a time when India’s manufacturing sector is benefiting from policy support, infrastructure development, supply-chain diversification and growing domestic demand. Government initiatives such as Make in India, Production Linked Incentive (PLI) schemes, the National Logistics Policy and PM Gati Shakti are supporting investments across manufacturing industries.

Rising private-sector capital expenditure and improving export competitiveness are also creating opportunities across automobiles, capital goods, defence, electronics, chemicals, pharmaceuticals and industrial services.

 “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,” Vaibhav Kumar, Head – Product Management and E-Commerce Channel, Axis Max Life, said.

 “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,” he added.

Kumar said the fund would provide policyholders an actively managed avenue to participate in the long-term structural opportunity, with a diversified approach focused on identifying companies with strong growth potential, competitive positioning, operational capabilities and financial strength.

As an actively managed fund, the scheme will offer the fund manager flexibility to allocate across manufacturing and allied sectors based on growth prospects, company fundamentals, valuations and evolving market conditions. The fund will use the Nifty India Manufacturing Index as its benchmark.

The fund will be available through online and offline channels under applicable Axis Max Life unit-linked insurance products. The annual Fund Management Charge will be 1.35 per cent of assets under management.

With the launch, Axis Max Life said it is expanding its investment options for policyholders seeking to participate in long-term opportunities emerging from India’s economic and manufacturing transformation.