This fund will be available along with its unit-linked investment products (ULIPs).
The new fund focuses on high alpha stocks, aiming to capitalise on the growth potential of the 30 best performing stocks in the Nifty 200 index.
These stocks generate returns that exceed market expectations, as measured by Jensen Alpha (α).
Jensen Alpha measures the additional return a stock generates compared to expected market returns.
NFO period and risk
Investors have until September 15, 2024 to invest in this New Fund Offering (NFO).
The fund is designed for those with a higher risk appetite and a long-term investment horizon, given its exposure to market volatility.
Main Features
High Alpha Stocks: Invest in top 30 stocks of Nifty 200 index with highest Jensen alpha.
Diversification: Provides a diversified portfolio with a passive investment approach.
Life Cover Integration: Available through Bajaj Allianz Life’s ULIP products, which offer investment growth and life insurance.
Tarun Chugh, Managing Director and CEO, Bajaj Allianz Life Insurance, said, “The Bajaj Allianz Life Nifty 200 Alpha 30 Index Fund capitalizes on India’s strong economic performance and growing equity market. Historical data shows that the Nifty 200 Alpha 30 index has outperformed other market capitalization indices. This fund offers a strategic investment approach with significant growth potential and the added benefit of life cover.”
Fund management and monitoring
The Bajaj Allianz Life Nifty 200 Alpha 30 Index Fund aims to mirror the performance of its benchmark index, with quarterly reconstitution in March, June, September and December.
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