NFO period from 15th to 28th November 2023.
15.11.2023 - 08:32:42Bajaj Allianz Life Mid Cap Index Fund NFO Launched
by mid-cap equities with a focus, on providing investors with capital appreciation. Its objective is to generate returns by investing in the constituents of the Nifty Midcap 150 Index. The NFO period for Bajaj Allianz Life Mid Cap Index Fund starts on 15th November and ends on 28th November, 2023.
Investing in the Bajaj Allianz Life Mid Cap Index Fund offers several compelling reasons. Firstly, it aims to provide investors with the opportunity for capital appreciation by strategically focusing on mid-cap equities known for their higher growth potential. The fund is well diversified by investing in a broad spectrum of stocks from the Nifty Midcap 150 Index, thus spreading risk across different sectors and companies. There is also transparency as it’s an index fund, and investors can easily monitor the fund’s portfolio and performance.
Sampath Reddy, Chief Investment Officer, Bajaj Allianz Life Insurance, said on the launch, "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 a 10 year period, while the Nifty 50 index has returned 13.1% (CAGR) over the same period. Therefore, investors are realizing the need to diversify their portfolio and have exposure to different market-cap segments as per their risk profile and investment horizon. The launch of this fund reflects our commitment to providing investment solutions that cater to our customers' evolving life goals."
India continues to showcase robust economic growth and is currently the fifth-largest economy in the world, with the potential to become the third-largest economy in FY28 (as per IMF forecasts*). The Indian market has been one of the top-performing markets globally, over the long term.
Investors in mid-cap stocks should note that they are subject to higher market risk and volatility. Therefore, the midcap index fund is more suited to investors with a higher risk appetite and longer investment horizon. Historical data shows that mid-cap indices generally tend to outperform in bull-markets and tend to underperform or see relatively higher drawdown (downside risk) during market corrections.
For more information, please visit the website: https://www.bajajallianzlife.com/
*IMF - https://www.imf.org/en/Data
About Bajaj Allianz Life Insurance
Bajaj Allianz Life Insurance is one of India’s leading and fastest growing private life insurers. The company is a partnership between two powerful and successful entities in their own right – Bajaj Finserv Limited, one of India’s most diversified non-banking financial institutions and Allianz SE, one of the world’s leading asset manager and insurer. The Company commenced its journey in 2001, and today delivers its promise of Life. Goals. DONE through innovative value-packed insurance products that are backed by a robust tech and digital ecosystem. Bajaj Allianz Life Insurance continues its journey of transformation through its products and tech-enabled state-of-the-art services to enhance customer delight.
Bajaj Allianz Life now serves over 4.56 crore (as on 30th September 2023) individual and group customers. The Company has a large distribution network of 503 branches (as on 30th September 2023), over 1,38,079 agents (as on 30th September 2023), a comprehensive set of trusted partners, and its proprietary sales channels (online and offline). Bajaj Allianz Life Insurance manages Assets Under Management to the tune of over Rs. 98,700 crores (as on 30th September 2023) with an Individual Claim Settlement Ratio of 99.04% and a Solvency Ratio of 516% (as on 31st March 2023).
Investing in the Bajaj Allianz Life Mid Cap Index Fund offers several compelling reasons. Firstly, it aims to provide investors with the opportunity for capital appreciation by strategically focusing on mid-cap equities known for their higher growth potential. The fund is well diversified by investing in a broad spectrum of stocks from the Nifty Midcap 150 Index, thus spreading risk across different sectors and companies. There is also transparency as it’s an index fund, and investors can easily monitor the fund’s portfolio and performance.
Sampath Reddy, Chief Investment Officer, Bajaj Allianz Life Insurance, said on the launch, "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 a 10 year period, while the Nifty 50 index has returned 13.1% (CAGR) over the same period. Therefore, investors are realizing the need to diversify their portfolio and have exposure to different market-cap segments as per their risk profile and investment horizon. The launch of this fund reflects our commitment to providing investment solutions that cater to our customers' evolving life goals."
India continues to showcase robust economic growth and is currently the fifth-largest economy in the world, with the potential to become the third-largest economy in FY28 (as per IMF forecasts*). The Indian market has been one of the top-performing markets globally, over the long term.
Investors in mid-cap stocks should note that they are subject to higher market risk and volatility. Therefore, the midcap index fund is more suited to investors with a higher risk appetite and longer investment horizon. Historical data shows that mid-cap indices generally tend to outperform in bull-markets and tend to underperform or see relatively higher drawdown (downside risk) during market corrections.
For more information, please visit the website: https://www.bajajallianzlife.com/
*IMF - https://www.imf.org/en/Data
About Bajaj Allianz Life Insurance
Bajaj Allianz Life Insurance is one of India’s leading and fastest growing private life insurers. The company is a partnership between two powerful and successful entities in their own right – Bajaj Finserv Limited, one of India’s most diversified non-banking financial institutions and Allianz SE, one of the world’s leading asset manager and insurer. The Company commenced its journey in 2001, and today delivers its promise of Life. Goals. DONE through innovative value-packed insurance products that are backed by a robust tech and digital ecosystem. Bajaj Allianz Life Insurance continues its journey of transformation through its products and tech-enabled state-of-the-art services to enhance customer delight.
Bajaj Allianz Life now serves over 4.56 crore (as on 30th September 2023) individual and group customers. The Company has a large distribution network of 503 branches (as on 30th September 2023), over 1,38,079 agents (as on 30th September 2023), a comprehensive set of trusted partners, and its proprietary sales channels (online and offline). Bajaj Allianz Life Insurance manages Assets Under Management to the tune of over Rs. 98,700 crores (as on 30th September 2023) with an Individual Claim Settlement Ratio of 99.04% and a Solvency Ratio of 516% (as on 31st March 2023).
