Bajaj Allianz Life Launches Nifty 500 Multicap Momentum Quality 50 Index Fund for ULIP Customers

Varahi media.com online news,Pune, 5th February, 2025: Bajaj Allianz Life Insurance, one of India’s prominent private life insurers, has unveiled its new index-based fund, the Bajaj Allianz Life

Varahi media.com online news,Pune, 5th February, 2025: Bajaj Allianz Life Insurance, one of India’s prominent private life insurers, has unveiled its new index-based fund, the Bajaj Allianz Life Nifty 500 Multicap Momentum Quality 50 Index Fund. This new fund will be offered alongside its Unit-Linked Insurance Plan (ULIP) products, combining life cover with a unique investment opportunity.

The fund aims to help ULIP customers tap into the growth potential of multi-cap stocks, driven by momentum and quality factors, to diversify their portfolios through an index-based approach. The NFO period for this fund will close on 14th February 2025.

The Nifty 500 Multicap Momentum Quality 50 Index focuses on stocks selected from the Nifty 500 index, based on a blend of momentum and quality factors. The momentum score for each company is derived from its 6-month and 12-month price return, adjusted for volatility, while the quality score is based on return on equity (ROE), financial leverage (Debt/Equity Ratio), and earnings per share (EPS) growth variability over the last five years.

Commenting on the launch, Mr. Srinivas Rao Ravuri, Chief Investment Officer at Bajaj Allianz Life Insurance, stated, “As a key enabler of life goals in India, we are dedicated to offering our customers avenues to achieve their long-term financial objectives.

The Bajaj Allianz Life Nifty 500 Multicap Momentum Quality 50 Index Fund allows ULIP customers to participate in India’s growth story through a diversified portfolio with high momentum. By employing a multi-cap approach and dynamic allocation across large-cap, mid-cap, and small-cap stocks, this fund identifies opportunities in various market segments.

Designed for investors with a higher risk appetite, the fund offers potential for long-term capital appreciation, even amid market fluctuations. It’s an ideal option for customers seeking to adjust their fund allocations and progress toward their financial goals.”

The fund is designed to track the performance of the benchmark index, the Nifty 500 Multicap Momentum Quality 50 Index, with minimal tracking error. The index will undergo semi-annual rebalancing and reconstitution in June and December.

Bajaj Allianz Life’s ULIP products, featuring the underlying Bajaj Allianz Life Nifty 500 Multicap Momentum Quality 50 Index Fund, provide policyholders with an opportunity for wealth creation through a dynamic allocation strategy. For more details on the fund, please visit https://www.bajajallianzlife.com/

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