NFO Alert: Bajaj Allianz Life Insurance launches Bajaj Allianz Life Mid Cap Index Fund; all you need to know
insurance industry, has unveiled its latest offering, the Bajaj Allianz Life Mid Cap Index Fund NFO. This fund is specifically crafted to harness the potential for growth within mid-cap equities, with a primary goal of delivering capital appreciation to investors. Its core mission is to achieve returns by strategically investing in the assets that comprise the Nifty Midcap 150 Index.
Interested investors should note that the new fund offer (NFO) subscription period for the fund will conclude on November 18, 2023. Multiple compelling factors make investing in the Bajaj Allianz Life Mid Cap Index Fund an attractive option. Firstly, it targets capital appreciation for investors by strategically concentrating on mid-cap equities, which are recognized for their significant growth potential.
The fund enhances diversification by investing in a wide array of stocks sourced from the Nifty Midcap 150 Index, effectively spreading risk across various sectors and companies. Additionally, it offers transparency as an index fund, allowing investors to easily track the fund's portfolio and performance. At the time of the launch, Sampath Reddy, Chief Investment Officer, Bajaj Allianz Life Insurance, said, “Historical data shows that mid-cap indices have helped in wealth creation for investors over the long term and managed to outperform the large-cap indices by a substantial margin.
As of September 2023 end, the Nifty Midcap 150 index has delivered a return of 21.2% (CAGR) over 10 years, while the Nifty 50 index has returned 13.1% (CAGR) over the same period. Therefore, investors are realizing the need to diversify their portfolios and have exposure to different market-cap segments as per their risk profile and investment horizon. The
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