Bajaj Allianz Life Unveils Nifty 500 Multicap Momentum Quality 50 Fund

Bajaj Allianz Life Insurance, one of India's leading private life insurer, today announced the launch of its new index based fund - Bajaj Allianz Life Nifty 500 Multicap Momentum Quality 50 Index Fund, which will be available along with its ULIP products. Along with a life cover, this new fund offers ULIP customers a unique opportunity to capitalize on the growth potential of multi-cap stocks with momentum and quality factors, to diversify their portfolios, and enjoy the benefits of an index-based investment approach. The NFO period for this fund ends on 14th February, 2025.

The Nifty 500 Multicap Momentum Quality 50 Index focuses on stocks selected based on a combination of momentum and quality factors from the Nifty 500 index. The Momentum score for each company is determined based on its 6-month and 12-month price return, adjusted for volatility. The Quality score for each company is determined based on return on equity (ROE), financial leverage (Debt/Equity Ratio), and earnings (EPS) growth variability analysed during the previous 5 years.

Speaking on the launch of the new fund, Mr. Srinivas Rao Ravuri, Chief Investment Officer, Bajaj Allianz Life Insurance, said, "As one of the life goal enablers for India, we are committed to providing customers with means to achieve their long-term financial goals. The Bajaj Allianz Life Nifty 500 Multicap Momentum Quality 50 Index Fund allows ULIP customers to tap into India’s growth story through a diversified portfolio of high momentum. With a multi-cap approach and historical dynamic allocation among large Cap, Mid Cap & Small Cap, the fund identifies opportunities across market segments. Designed for investors with a higher risk appetite, it offers a path to long-term capital appreciation while navigating market fluctuations. These features make it a compelling choice for customers looking to review their fund allocation and move closer to their long-term financial goals."

The fund aims to replicate the performance of the benchmark index (Nifty 500 Multicap Momentum Quality 50 Index), subject to tracking error. The Index will be rebalanced and reconstituted on a semi-annual basis in June and December.

Bajaj Allianz life ULIP products with underlying Bajaj Allianz Life Nifty 500 Multicap Momentum Quality 50 Index Fund enables policyholders to achieve their life goals, powered by the opportunity for wealth creation with a dynamic allocation strategy. For more information on the Bajaj Allianz Life Nifty 500 Multicap Momentum Quality 50 Index Fund, please visit our website: https://www.bajajallianzlife.com/