Bajaj Allianz Life Insurance has launched a new fund option for its unit-linked insurance plan (ULIP) customers. The Bajaj Allianz Life Nifty 200 Alpha 30 Index Fund aims to capitalise on high alpha stocks while offering the dual benefits of market-linked returns and life insurance cover.
Key points:
Objective of the fund: The fund seeks to track the performance of the Nifty 200 Alpha 30 index by focusing on stocks with high Jensen Alpha values.
Investment strategy: It will invest in the top 30 stocks of the Nifty 200 index that demonstrate the highest alpha, indicating potential for market-beating returns.
NFO Period: The New Fund Offer (NFO) is open until September 15.
Risk profile: The fund is suitable for investors with a higher risk appetite and a long-term investment horizon due to potential market volatility, according to the company.
Index rebalancing: The underlying index will be reconstituted quarterly in March, June, September and December.
“As India’s goal enabler, we are committed to providing customers with reliable tools to achieve their long-term financial goals. With our resilient economy and the historically strong performance of the Indian stock market, the Bajaj Allianz Life Nifty 200 Alpha 30 Index Fund offers an opportunity for our customers to achieve their financial goals,” said Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance.
He further highlighted the fund’s potential, citing historical data showing consistent outperformance of the Nifty 200 Alpha 30 index compared to other market capitalisation indices over the past five years.
The new fund combines the growth potential of high alpha stocks with the benefits of ULIPs, including life insurance cover and tax advantages. Investors interested in the Bajaj Allianz Life Nifty 200 Alpha 30 Index Fund can find more information on the company’s website, the company said in a press release.
Analysts suggest that potential investors are advised to carefully consider their financial objectives, risk tolerance and consult with a financial advisor before making investment decisions.
First published: September 5, 2024 | 17:06 IS
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