Bajaj Allianz Life Nifty 200 Alpha 30 Index Fund NFO will close on September 15.
The new fund represents a unique opportunity for investors to capitalize on high alpha growth potential stocksdiversify their portfolios and enjoy the benefits of an index-based investment approach, along with life insurance coverage, according to a press release.
Read also | 86% of large-cap and mid-cap mutual funds outperform benchmarks in August
The Nifty 200 Alpha 30 index focuses on stocks that generate higher-than-expected returns, using a measure called Jensen Alfa (α), which represents the additional profit generated by a stock or investment compared to market expectations, calculated based on the capital asset pricing model. This fund aims to grow your money by investing in the top 30 stocks of the Nifty 200 index that have the highest alpha value.
The fund is suitable for those with a higher risk appetite and a long-term investment horizon.
“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 strong historical 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.
Read also | 13 MF NFOs are open for subscription. Take a look
“Historical data over the past five years indicates that a balanced allocation between large- and mid-cap stocks, with the Nifty 200 Alpha 30 index, has consistently outperformed other market-cap indices across multiple time frames. Moreover, this fund offers a diversified and passive investment approach with significant growth potential. These features, combined with the advantages of being embedded in a ULIP, are key reasons for clients to review their fund allocation with this launch and move closer to their financial goals,” he added.
The fund aims to track the performance of the benchmark index (Nifty 200 Alpha 30 Index), subject to tracking error. The index will be reconstituted quarterly in March, June, September and December.
Life at Bajaj Allianz ULIP products with underlying Nifty 200 Alpha 30 Index Fundenables policyholders to achieve their life goals, driven by the security of life coverage and the opportunity to build wealth.
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.