Axis Max Life Insurance has launched the High Growth Fund II, an actively managed, midcap-focused equity fund designed for long-term wealth creation. The fund will invest at least 80% in equities, with flexibility to allocate up to 20% to fixed-income instruments to manage volatility. While lacking historical data, its investment philosophy mirrors the existing Axis Max Life High Growth Fund, sharing the same benchmark, the Nifty Midcap Free Float 100 Index.