💨 Abstract

Axis Max Life Insurance has launched a first-of-its-kind Sustainable Wealth 50 Index Fund, investing in companies with strong cash flows based on a proprietary Sustainable Yield Index. The fund aims to identify top-performing stocks from the Nifty 500 universe and is designed to cater to investors seeking stability and performance. The fund will be available through Axis Max Life's online ULIP products, with further expansion planned.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖