ANI PR Wire
15 Nov 2023, 14:04 GMT+10
BusinessWire India
Pune (Maharashtra) [India], November 15: Bajaj Allianz Life, one of the leading private life insurers has launched the Bajaj Allianz Life Mid Cap Index Fund NFO. This fund is designed to capture the growth opportunities presented 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 per cent (CAGR) over a 10 year period, while the Nifty 50 index has returned 13.1 per cent (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
(ADVERTORIAL DISCLAIMER: The above press release has been provided by BusinessWire India. ANI will not be responsible in any way for the content of the same)
Get a daily dose of South East Asia Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to South East Asia Post.
More InformationMOSCOW, Russia: This week, Russia became the first country to officially recognize the Taliban as the government of Afghanistan since...
CAIRO, Egypt: This week, both Hamas and Israel shared their views ahead of expected peace talks about a new U.S.-backed ceasefire plan....
WASHINGTON, D.C.: The Trump administration has made public a visa decision that would usually be kept private. It did this to send...
MADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...
NEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...
PARIS, France: Fast-fashion giant Shein has been fined 40 million euros by France's antitrust authority over deceptive discount practices...
PALO ALTO/TEL AVIV: The battle for top AI talent has claimed another high-profile casualty—this time at Safe Superintelligence (SSI),...
FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...