Bajaj Allianz Life Insurance has introduced a new index-based fund called the Bajaj Allianz Life Nifty 500 Multicap Momentum Quality 50 Index Fund. This fund is now available to customers along with its ULIP products. The NFO period for this fund will end on February 14, 2025.
The Nifty 500 Multicap Momentum Quality 50 Index Fund focuses on selecting stocks based on a combination of momentum and quality factors from the Nifty 500 index. The momentum score of each company is determined based on its six-month and twelve-month price return, adjusted for volatility. The quality score is based on return on equity (ROE), financial leverage (debt/equity ratio), and earnings growth variability analyzed over the past five years.
Srinivas Rao Ravuri, Chief Investment Officer at Bajaj Allianz Life Insurance, mentioned that the new fund allows customers to capitalize on India’s growth potential through a diversified portfolio of high momentum stocks. With a multi-cap approach and historical dynamic allocation among large Cap, Mid Cap & Small Cap, the fund provides opportunities across market segments. Designed for investors with a higher risk appetite, it offers long-term capital appreciation while managing market fluctuations.
Overall, the Bajaj Allianz Life Nifty 500 Multicap Momentum Quality 50 Index Fund is a compelling choice for customers looking to achieve their long-term financial goals by diversifying their fund allocation.
