Bajaj Allianz Life Insurance launches Nifty 500 Multicap Momentum Quality 50 Index Fund
Bajaj Allianz Life Insurance has launched 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.
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The new fund offer or NFO of the scheme is open for subscription and will close on February 14.
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, according to a release.
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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 returns, 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.
«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
