Bajaj Allianz Life Midcap Index Fund NFO

Bajaj Allianz Life Midcap Index Fund is a newly launched New Fund Offering (NFO) offered by Bajaj Allianz Life. It is an opportunity for investors to invest in mid-sized companies in India which have potential growth. This actively managed index fund aims to provide capital appreciation by closely tracking the performance of the Nifty Midcap 150 Index.

Read more
investent plan
Plans starting from ₹1000/month
hdfc life insurance
loading...
Bajaj Allianz
loading...
Max life insurance
loading...
Best Investment Plans
  • money
    Generate wealth with high returns Earn 1 Cr in maturity with Zero LTCG tax^
  • tax
    Double tax savings^ On premiums (under 80C) and on maturity (under 10(10D))
  • compare
    Compare & choose the best 30+ Plans and 150+ Fund options

What is Bajaj Allianz Life Midcap Index Fund?

Bajaj Allianz Life Midcap Index Fund is a newly launched New Fund Offering (NFO) provided by Bajaj Allianz Life. It is a mid-cap fund, meaning that it invests in mid-sized companies in India. The objective of this new Bajaj Allianz Midcap NFO is to provide capital appreciation by tracking the performance of the Nifty Midcap 150 Index.
In terms of asset allocation, the Bajaj Allianz Midcap Index Fund predominantly invests in equity and equity-related instruments, with an allocation range of 65% to 100%. This allows the fund to tap into the growth potential of mid-cap stocks, which are often characterized by their potential for higher returns compared to large-cap stocks. The remaining 0% to 35% of the Bajaj Allianz new fund portfolio may be allocated to cash, bank deposits, liquid mutual funds^^, and money market instruments. This allocation provides this Bajaj Mid Cap Index fund with the necessary liquidity to meet redemption requests and manage the portfolio effectively.

Highlights of Bajaj Allianz Life Midcap Index Fund

Aspect Details
Investment Objective To provide capital appreciation through investment in equities forming part of the Nifty Midcap 150 Index.
Benchmark Index Nifty Mid Cap 150 Index
Risk Profile High
NFO Launch Period 15 - 28 November 2023
Net Asset Value (NAV) NAV starts @ ₹10
Minimum Investment ₹1,800/month*

*If buying Bajaj Allianz Life Capital Guarantee Plan

bajaj nfo new launchbajaj nfo new launch

What is the Nifty Midcap 150 Index?

The Nifty Midcap 150 Index is a stock market index managed by the National Stock Exchange of India (NSE). It represents the performance of the mid-cap segment of the Indian stock market. The index is composed of 150 mid-cap companies that are ranked 101st to 250th based on full market capitalization from the list of companies on the Nifty 500 Index.

The Nifty Midcap 150 Index is designed to reflect the behavior and performance of the mid-cap segment of the financial market. Mid-cap companies are typically those with a market capitalization that is in the middle range of the market, and they are considered to have higher growth potential compared to large-cap companies.

The index is calculated using free float market capitalization weighted methodology, where the level of the index reflects the total market value of all the stocks in the index relative to a particular base period. The Nifty Mid Cap 150 index is reconstituted semi-annually to ensure that it remains representative of the mid-cap segment of the market.

Read More

Performance of Nifty Midcap 150 Index vs Other Indices 

The Nifty Midcap 150 Index has shown great performance compared to other indices, and it looks set to bring in strong returns that can really help build your wealth.

Following is the performance of the Nifty MidCap 150 Index over the years with other indices: 

As on 29th Feb 2024 1 Years 5 Years 10 Years RSI
Nifty MidCap 150 Index 57.28% 25.45% 21.21% 17.87%
Nifty 50 Index 28.49% 16.66% 13.10% 11.52%

[Source: nseindia.com]
*RSI: Returns Since Inception

Over the past decade, the Nifty Midcap 150 Index has significantly surpassed the Nifty 50 Index in terms of performance.

If you had invested Rs. 100 in the Nifty Midcap 150 Index 10 years ago, your investment would have achieved a Compound Annual Growth Rate (CAGR) of 21.21%.

People also read: Bajaj Allianz Life Small Cap Quality Index Fund

Which are the Constituent Stocks of the Nifty Midcap 150 Index by Weightage?

The top 10 stocks, as of 13 March 2024, for the Nifty MidCap 150 Index are as follows:

Name of company Weight (%)
Max Healthcare Institute Ltd 2.16
Power Finance Corporation Ltd 2.15
REC Ltd 2.02
Adani Power Ltd 1.96
Indian Hotels Co Ltd 1.9
Persistent Systems Ltd 1.64
Yes Bank Ltd 1.58
Coforge Ltd 1.48
Lupin Ltd 1.44
HDFC Asset Management Company Ltd 1.39

[Source: nseindia.com]

Sectoral Representation of Nifty Midcap 150 Index by Weightage

Here is the sectoral representation of the Nifty Midcap 150 Index as of 13 March 2024, by weightage:

Sector Weightage (%)
Financial Services 22.70
Capital Goods 12.96
Healthcare 11.08
Information Technology 7.06
Automobile and Auto Components 6.99
Chemicals 5.13
Power 4.31
Realty 4.17
Consumer Durables 4.12
Consumer Services 4.08
Oil, Gas & Consumable Fuels 3.58
Metals & Mining 2.70
Services 2.53
Construction Materials 2.46
Telecommunication 1.82
Fast Moving Consumer Goods 1.33
Textiles 1.22
Media, Entertainment & Publication 0.74
Diversified 0.52
Construction 0.51
See More Plans

[Source: nseindia.com]

As of Mar 13, 2024, the Financial Services sector holds the highest weight in the index, making up approximately 22.70% of its composition. On the other hand, the Nifty Midcap 150 Index has the least exposure to construction stocks, which represent just about 0.51% of the index.

What Are the Returns of Nifty Midcap 150 Index Over the Years?

Below are the returns of this index:

Investment Period Price Returns (%) Total Returns
1 year 56.26% 57.28%
5 year 24.37% 25.45%
Since Inception 16.44% 17.87%

[Source: nseindia.com]

nifty mid capnifty mid cap

Why is Midcap Index Fund a Smart Investment Option?

The Nifty Midcap Index Fund can be a smart investment option for a variety of reasons. Here are some of the key factors that make it an attractive choice:

  • Exposure to the Indian Economy: Mid-cap companies are more focused on the Indian economy, which is aiming to become the 3rd largest by 2027, and less affected by global economic volatility.

  • Growth Potential: Mid-cap companies are growing faster than large-cap ones. The Nifty Midcap 150 index has delivered an annual average return of 17.87%.

  • Diversification: The Nifty Midcap 150 index is diversified across various sectors, reducing risk.

  • Power of Compounding: Investing in a Nifty Midcap Index Fund allows investors to take advantage of compounding, growing their wealth over the long term.

Read More

nifty mid capnifty mid cap

Why are Mid Cap Funds Better than Large Cap Funds?

Mid-cap funds can be a better choice than large-cap funds for several reasons like: 

  • Diversified Sector Exposure: Mid-cap funds offer more diversified sector exposure, reducing risk by minimizing the impact of poor performance in any single sector.

  • Domestic Growth Focus: These funds often have greater exposure to sectors that benefit from domestic growth, positioning investors to capitalize on India's expanding economy without being overly reliant on global market trends.

  • Consumption and Investment Cycle: Mid-cap funds are an effective way to tap into India's consumption and investment cycles, as they tend to include companies that stand to gain from increased consumer spending and government-led infrastructure initiatives.

Who Should Invest in Bajaj Allianz Life Midcap Index Fund? 

The Bajaj Allianz Life Midcap Index Fund, like any other midcap index fund, is suitable for a range of investors:

  • Long-Term Investors: Those looking to build wealth over the long term can benefit from the growth potential of mid-cap stocks.

  • Risk-Tolerant Investors: Mid-cap stocks can be more volatile than large-cap stocks, so Bajaj Allianz Mid Cap Index Fund is suitable for investors who are willing to tolerate some degree of risk in exchange for potentially higher returns.

  • Diversification Seekers: Investors looking to diversify their portfolio can benefit from the wide range of sectors and companies included in the Bajaj Nifty Midcap 150 index Fund.

  • Passive Investors: Those who prefer a hands-off approach to investing can benefit from the passive nature of the Bajaj Allianz Life Midcap Index Fund, where the fund manager doesn’t actively pick stocks but instead tracks an index.

  • Investors Seeking Exposure to the Indian Economy: As mid-cap companies are often more focused on the Indian market, this Bajaj Allianz Mid Cap Index Fund is suitable for investors seeking exposure to the growth potential of the Indian economy.

Read More

About Bajaj Allianz Life

  • Bajaj Allianz Life Insurance Company Limited is a joint venture between Bajaj Finserv Limited and Allianz SE.

  • It is one of the leading private life insurance companies in India.

  • Company is well-capitalized and has maintained high solvency levels throughout the year.

  • Solvency ratio as of 31 March 2023 was 516%, and 581% in FY 2021-22.

  • This solvency ratio is significantly higher than the required solvency margin of 150% mandated by IRDAI.

  • Assets Under Management (AUM) grew by 13% in FY 2023.

  • AUM stood at ₹27,809 crore at 31 March 2023, up from ₹24,633 crore at 31 March 2022.

  • The company has a Claim Settlement Ratio (CSR) of 99.04% and AAA Stable Rating by CARE.

What are the Benefits of Purchasing the Bajaj Allianz Life Midcap Index Fund from Policybazaar?

Opting to invest in Bajaj Allianz Life Midcap Index Fund via Policybazaar brings a host of valuable advantages:

  • Convenience: Policybazaar enables online investment in Bajaj Allianz Life Midcap Index Fund, saving you the hassle of physical visits to banks or insurance agents.

  • Comparison: The platform offers a comprehensive comparison of various plans, including new funds, ensuring you have all the necessary data to make an informed choice and secure the most favorable deal in the market.

  • Professional Advice: Policybazaar is equipped with a team of financial experts who are there to assist you in selecting the most appropriate NFO plan tailored to your specific needs and financial aspirations.

  • Expert Visit at Your Home: Experience personalized and expert advice from the comfort of your home, as PolicyBazaar's knowledgeable experts visit you to provide tailored solutions for all your insurance needs.

  • Tax Benefits: Investing in the Bajaj Allianz Life Midcap Index Fund through Policybazaar can result in tax savings. The platform assists you in understanding and leveraging potential tax benefits to optimize your financial strategy.

  • Easy Redemption: When redeeming your NFO investment, Policybazaar provides a seamless process, subject to the terms and conditions specified in the NFO agreement.

Read More

How to Buy Bajaj Allianz Life Midcap Index Fund from Policybazaar?

To purchase the Bajaj Allianz Life Midcap Index Fund from Policybazaar, please follow these steps:

Step 1: Navigate to the Policybazaar website or open the Policybazaar app. If you don't already have an account, you can either log in or create a new one.

Step 2: Once you are logged in, you will just need to enter your name and contact numbers. 

Step 3: Next, you will be shown a list of available Bajaj Allianz Life Plans. From this list, select the plan with Bajaj Allianz Life Midcap Index Fund that best fits your requirements. The investment options include:

  • Bajaj Allianz Capital Guarantee Solution

  • Bajaj Allianz Invest Protect Goal

  • Bajaj Allianz Smart Wealth Goal II

  • Bajaj Allianz Goal Assure II

  • Bajaj Allianz Goal Suraksha

  • Bajaj Allianz Future Wealth Gain II

  • Bajaj Allianz Future Gain II

  • Bajaj Allianz LongLife Goal Plan

Step 4: If you are interested in the Bajaj Allianz Life Mid Cap Index Fund, click on the "Get Details" tab for more information. You can also receive a FREE consultation from an expert by clicking the "talk to expert" button.

Step 5: Carefully review the details of the plan. Once you are satisfied, click on the "Proceed" button and follow the on-screen prompts to continue with your purchase.

Step 6: You will then be asked to enter the necessary details and specify the amount you wish to invest. Choose your preferred payment method.

Step 7: Next, provide your KYC (Know Your Customer) details as required for regulatory compliance.

Step 8: Finally, complete the payment process. Once your payment is successful, you will receive confirmation of your purchase.

FAQ's

  • Under which plan can we avail the benefits of Bajaj Allianz Life Midcap Index Fund?

    Bajaj Allianz Life Midcap Index Fund is offered in the following plans:
    • Bajaj Allianz Capital Guarantee Solution

    • Bajaj Allianz Invest Protect Goal

    • Bajaj Allianz Smart Wealth Goal II

    • Bajaj Allianz Goal Assure II

    • Bajaj Allianz Goal Suraksha

    • Bajaj Allianz Future Wealth Gain II

    • Bajaj Allianz Future Gain II

    • Bajaj Allianz LongLife Goal Plan

    • Bajaj Allianz Magnum Fortune Plus II

  • Is it good to invest in Bajaj Allianz Life Midcap Index Fund?

    Yes, Bajaj Allianz Life Midcap Index Fund is a good investment option for investors who are looking for a low-cost way to invest in the mid-cap segment of the Indian stock market. The fund has a low expense ratio and has consistently outperformed its benchmark index over the long term.
  • Who should invest in Bajaj Allianz Life Midcap Index Fund?

    Bajaj Allianz Life Midcap Index Fund is a good option for investors who:
    • Are above the age of 18 years

    • Have a moderate to high risk appetite.

    • Are investing for a long-term horizon (at least 3-5 years).

    • Are looking for a low-cost way to invest in the mid-cap segment of the Indian stock market.

  • How does the Bajaj Allianz Life Midcap Index Fund benchmark its performance? 

    Bajaj Allianz Life Midcap Index Fund benchmarks its performance against the Nifty Midcap 150 Index. The Nifty Midcap 150 Index is a broad-based index that tracks the performance of the top 150 mid-cap companies in India.
  • Which is better: Bajaj Allianz Life Midcap Index Fund or other mutual funds in the market?

    If you are looking for a low-cost way to invest in the mid-cap segment of the Indian stock market and you are looking for both investment and insurance benefits, then Bajaj Allianz Life Midcap Index Fund is a good option for you.

*Past 5 Year annualised returns as on 01-07-2024
*All savings plans are provided by the insurer as per the IRDAI approved insurance plan. Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.

Ulip plans articles

Recent Articles
Popular Articles
Mortality Charges in ULIPs

16 Jul 2024

Mortality charges in a ULIP (Unit Linked Insurance Plan)
Read more
Benefits of Buying Online ULIP Over Offline ULIP

21 Jun 2024

Unit Linked Insurance Plans (ULIPs) have emerged as a popular
Read more
Why Should ULIPs Be Part of Your Financial Planning in 2024?

19 Jun 2024

Financial planning requires agility and growth potential. ULIPs
Read more
ULIP for Wealth Creation

19 Jun 2024

Unit-linked insurance Plans (ULIPs) are financial products that
Read more
Dynamic Asset Allocation

21 May 2024

Dynamic Asset Allocation involves actively adjusting investment
Read more
ULIP Calculator
  • 08 Oct 2018
  • 121886
A ULIP Calculator is a financial tool designed to help you compare ULIP plans and estimate the maturity amount
Read more
SBI Life Smart Privilege Plan: Benefits & Features
  • 11 Jan 2017
  • 88541
SBI Life Smart Privilege is a unit-linked, non-participating life insurance plan offered by SBI Life Insurance
Read more
7 Things to Know About the Tax Benefits of ULIPs
  • 06 Oct 2021
  • 15091
Nowadays, Unit Linked Insurance Plans, i.e., ULIPs, have evolved as the popular income tax saving investment
Read more
ULIP Returns in 5 Years
  • 06 Dec 2023
  • 1908
ULIP means Unit Linked Insurance Plan. It is a unique financial instrument that combines insurance coverage with
Read more
Taxability of ULIP on Surrender
  • 28 Dec 2023
  • 2113
ULIPs, or Unit Linked Insurance Plans, combine insurance and investment. The taxability of ULIP on surrender
Read more

top

Become a Crorepati

Invest ₹10K/Month & Get ₹1 Crore returns*

Mobile +91
*T&C Applied.
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL