Bajaj Allianz Bluechip Equity Fund

The Bajaj Allianz Bluechip Equity Fund is primarily open-ended. The scheme is a high-risk one focused on capital appreciation. It is a ULIP plan that enables you to focus on flexible investment options, transparency, and potential liquidity, along with tax benefits.
For its investments, the fund is benchmarked in the Nifty index. The fund is a part of the Bajaj Allianz Future Gain campaign.

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Fund in Brief

The Bajaj Allianz Bluechip Equity Fund offers unlimited free switches between other funds under the campaign, maximum premium allocation, life cover, and choice of two investment portfolio strategies. The actual equity allocation for the fund is stated as 60 - 100%. 

An exact percentage of 97.72 would be shown for the fund. The rest will be allocated to money market instruments and bank deposits. A net asset value (NAV) will be included, which is a tiny portion of the total. It represents the net of receivables and payments for investments held.

Bajaj Allianz Bluechip Equity Fund Facts

Fund house providing the scheme

Bajaj Allianz Life Insurance

Category of the fund

Open-ended equity fund

The inception of the fund

November 1, 2010

Fund manager

Reshma Banda

CIO

Sampath Reddy

Benchmark

Nifty 50 Index

Face value

10

Level of risk

High

Class of the fund

Stock

Net Asset Value (NAV) 

27.8934

Assets Under Management (AUM)

680.01 Crores

Asset class

Equity, Treps, and Net Receivables

Rating profile

100.0 % Equity

*NAV as of July 30, 2021

Investment Objective

As this is a unit-linked insurance plan, the primary investment objective of this fund is to provide capital appreciation or growth. You can avail of this through investment in equities forming part of NSE Nifty. The portfolio allocation of Bajaj Allianz Bluechip Equity Fund is done considering the market capitalization objective.

The portfolio of this high-risk profile fund involves some of the top players in the investment sector. The portfolio is divided into companies of stature like Infosys, Reliance Industries, HDFC Bank, ICICI Bank, Tata Steel, Asian Paints, Bharti Airtel, and others dealing in money market deposits & TREP.

An investment objective involving the top sectors is appealing from a unit-holder perspective. The fund offers all the objectives of a ULIP scheme. In addition, it accounts for flexibility and easy switching between your other Bajaj Allianz ULIP funds (if applicable).

Fund Summary

The Bajaj Allianz Bluechip Equity Fund can be summarized as follows:

  • SFIN number: ULIF06026/10/10BLUECHIPEQ116 
  • Launch date: 01-Nov-10 
  • Face value: 10 
  • Risk profile: High 
  • Benchmark: Nifty 50 Index 
  • Number of funds managed by fund manager: Equity - 22 Debt - 0 Hybrid - 7 
  • NAV as of 30-July-2021: INR 27.8934 
  • Asset Under Management (Rs Cr): 680.01 
  • Assets in equity (Rs Cr): 664.50 
  • Assets in debt (Rs Cr): 13.43 
  • Quantitative Indicators: 
  • Modified duration in Years: 2.72% 
  • Average maturity in Years: 2.72% 
  • Yield to maturity: 3.26%

The asset class and the rating profile are spread across the sectors of computer programming, manufacture of pharmaceuticals, food products, refined petroleum products, motor vehicles, and basic metals.

The liquidity of the product is not applicable up until the completion of the first 5-years. You have the option to follow the key features of any Unit Linked Endowment Plan. Your entire money allocation is channelled towards building your dream future.

Fund Return Summary

The fund return summary for Bajaj Allianz Bluechip Equity Fund is represented in the following table:

Period

Fund

Benchmark

1 month

1.04%

0.26%

6 months

17.81%

15.61%

1 year

41.49%

42.35%

2 years

22.62%

19.07%

3 years

13.24%

11.55%

4 years

12.98%

11.83%

5 years

13.34%

12.77%

7 years 

10.87%

10.73%

10 years

11.81%

11.13%

Inception

10.01%

9.20%

*Returns are subject to change.

*The investment risk in the investment portfolio is borne by the policyholder.

Notes:

  • The return percentages shown here for less than 1 year are absolute.
  • The return percentages of more than 1 year represent Compounded Annualised Growth Rate (CAGR).

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Pros and Cons

The following shows the advantages and limitations of the Bajaj Allianz Future Gain scheme:

Pros

Cons

You have the option to switch to other funds under the Bajaj Allianz Future Gain ULIP schemes.

The risk involved is high, which means you may lose your invested capital

You get to choose from a top niche investor portfolio.

If your main objective is income generation, this won’t apply effectively.

You can avail tax benefits.

Demerits associated with equity funds and ULIP funds may apply.

The sum assured on maturity is consistent with the investor standards.

Short-term options are not available.

It is suitable for people focused on capital growth for future financial goals.

You have to think a lot about general considerations applicable for bluechip funds, which is time taking on your part.

Benefits of the Bajaj Allianz Bluechip Equity Fund

The major benefits of the Bajaj Allianz Bluechip Equity Fund are as follows:

  • The fund has accomplished objectives in capital appreciation that further helps achieve your financial goals.
  • The fund offers you the option of liquidity after five years, which means you can withdraw money from it to fulfil any requirement.
  • There is an economic advantage associated with Bajaj Allianz Bluechip Equity Fund.
  • You have significant scope for research when it comes to holding a fund with a top-level performance portfolio.
  • Financial advisors working with bluechip funds help with your general investment portfolio effectively, which ensures your investment heads towards the direction of your goals.

Fund House Details

The Bajaj Allianz Bluechip Equity Fund is an offering from Bajaj Allianz Life Insurance, and the ULIP scheme is a part of their Bajaj Allianz Future gain campaign. Bajaj Allianz is a partnership between Bajaj FinServ and Allianz SE of Germany. The life insurance brand was registered in 2001. The company has total asset management that exceeds INR 50,000 crores.

The fund house offers many investment schemes and plans. The M.D and C.E.O are Mr Tarun Chugh, and the Chairman is Mr Sanjiv Bajaj. Bajaj Allianz’s general insurance and life insurance schemes are equally popular because they aim to provide products that are for the best benefit of the customers.

Who Should Invest in the Bajaj Allianz Bluechip Equity Fund?

Bajaj Allianz Bluechip Equity Fund is suitable for the following group of investors: 

  • Investors having long-term financial plans.
  • Investors accustomed to working with a top-level portfolio of funds or those who are comfortable with it.
  • Investors have a high affinity for risk and are capable of addressing the same.
  • Investors who don’t mind working towards the bigger picture of market capitalization and capital appreciation.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

In Conclusion

The Bajaj Allianz Bluechip Equity Fund is the right plan for investors with the above-mentioned investment needs. However, before making any investment decision, you must consider the calculated risks involved and connect to relevant personnel who can provide you with guidance on the subject.

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