Bajaj Allianz Life Insurance coverage, one in all India’s main personal life insurers, right now introduced the launch of its new index-based fund, the Bajaj Allianz Life Nifty 500 Multicap Momentum High quality 50 Index Fund, which will likely be out there together with its ULIP merchandise.
Together with life cowl, this new fund affords ULIP prospects a novel alternative to capitalize on the expansion potential of multi-cap shares with momentum and high quality elements, diversify their portfolios, and revel in the advantages of an index-based funding strategy. The NFO interval for this fund ends on February 14, 2025.
The Nifty 500 Multicap Momentum High quality 50 Index focuses on shares chosen primarily based on a mix of momentum and high quality elements from the Nifty 500 index. The momentum rating for every firm is decided primarily based on its six-month and twelve-month value return, adjusted for volatility. The standard rating for every firm is decided primarily based on return on fairness (ROE), monetary leverage (debt/fairness ratio), and earnings (EPS) development variability analyzed through the earlier 5 years.
Talking on the launch of the brand new fund, Srinivas Rao Ravuri, Chief Funding Officer, Bajaj Allianz Life Insurance coverage, mentioned, “As one of many life purpose enablers for India, we’re dedicated to offering prospects with means to attain their long-term monetary targets. The Bajaj Allianz Life Nifty 500 Multicap Momentum High quality 50 Index Fund permits ULIP prospects to faucet into India’s development story by way of a diversified portfolio of excessive momentum.”
He added, “With a multi-cap strategy and historic dynamic allocation amongst giant Cap, Mid Cap & Small Cap, the fund identifies alternatives throughout market segments. Designed for traders with the next danger urge for food, it affords a path to long-term capital appreciation whereas navigating market fluctuations. These options make it a compelling selection for patrons trying to assessment their fund allocation and transfer nearer to their long-term monetary targets.”
