Bajaj Allianz Life Insurance coverage, one in every of India’s main personal life insurers, at the moment 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 gives ULIP prospects a singular 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 method. The NFO interval for this fund ends on February 14, 2025.
The Nifty 500 Multicap Momentum High quality 50 Index focuses on shares chosen based mostly on a mixture of momentum and high quality elements from the Nifty 500 index. The momentum rating for every firm is set based mostly on its six-month and twelve-month worth return, adjusted for volatility. The standard rating for every firm is set based mostly on return on fairness (ROE), monetary leverage (debt/fairness ratio), and earnings (EPS) progress variability analyzed in the course of the earlier 5 years.
Talking on the launch of the brand new fund, Srinivas Rao Ravuri, Chief Funding Officer, Bajaj Allianz Life Insurance coverage, stated, “As one of many life aim enablers for India, we’re dedicated to offering prospects with means to realize 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 progress story by a diversified portfolio of excessive momentum.”
He added, “With a multi-cap method and historic dynamic allocation amongst massive Cap, Mid Cap & Small Cap, the fund identifies alternatives throughout market segments. Designed for buyers with the next threat urge for food, it gives a path to long-term capital appreciation whereas navigating market fluctuations. These options make it a compelling alternative for purchasers seeking to assessment their fund allocation and transfer nearer to their long-term monetary targets.”
