What is the Bajaj Allianz Life Nifty 200 Alpha 30 Index Fund?
The Bajaj Allianz Life Nifty 200 Alpha 30 Index Fund is an investment option that targets the top 30 large and midcap companies from the Nifty 200 index based on their alpha scores. This score measures a stock’s potential to outperform the market.
The new Bajaj Allianz Nifty Alpha 30 NFO mirrors the performance of the Nifty 200 Alpha 30 Index, allowing you to gain exposure to a diversified portfolio of top stocks with growth potential.
IMPORTANT NOTE:
Bajaj Allianz Nifty 200 Alpha 30 Fund Available Across All Investment Plans
| Plan Name |
Savings |
Child Plans |
Retirement |
| Capital Guarantee Solution |
Starts at Rs. 1700 |
Starts at Rs. 1700 |
Starts at Rs. 3,900 |
| Unit Linked Insurance Plan (ULIP) |
- Bajaj Allianz Life Goal Assure Plan
(Starts at Rs. 3,000) - Bajaj Allianz Smart Wealth Goal Plan
(Starts at ₹2,000) |
Bajaj Allianz Life Smart Wealth Goal + Waiver of Premium (WOP) Rider
-Starts at Rs. 2,000 |
Bajaj Allianz Life LongLife Goal Plan
-Starts at Rs. 2,500 |
*You can use an SIP Calculator to estimate your returns from regular contributions in these investment plans.
What is Alpha Score?
Alpha measures the extra return a stock earns over its benchmark. Stocks with positive alpha outperform the market, offering better returns with less risk for long-term investors.
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The alpha measures stock performance against a benchmark index.
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It assesses a stock's excess return beyond market returns.
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It evaluates a stock's risk-adjusted performance.
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It is useful for identifying high-performing stocks in a portfolio.
What is the Nifty 200 Alpha 30 Index?
The Nifty 200 Alpha 30 Index is a stock market index that selects 30 companies from the Nifty 200 based on their alpha, which measures how much a stock has outperformed its benchmark. This index is designed to capture companies with strong growth potential and aims to provide higher returns by focusing on top-performing stocks.
Methodology of Nifty 200 Alpha 30 Index:
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Top 30 Stocks: The index selects the top 30 stocks from the 200 stocks, including 100 large-cap and 100 mid-cap stocks, using an AI algorithm for rule-based investing.
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Jensen's Alpha: The index uses Jensen's Alpha to measure how well a stock performs compared to market expectations and gives weightage to stocks accordingly.
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Alpha Strategy: The strategy focuses on buying stocks that have been past winners and selling those that have been past losers, as they may continue their trends.
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Quarterly Rebalancing: The index undergoes rebalancing every quarter on the last trading day of February, May, August, and November.
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Listing Requirement: Only stocks with a minimum listing history of 1 year are eligible for selection.
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Portfolio Rebalancing: Rebalance your portfolio every quarter to ensure it aligns with your investment goals.
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Dynamic Allocation: During bull markets, the index increases its allocation to mid-cap stocks, while it shifts towards large-cap stocks during bear markets.
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Weight Cap: The index limits the weight of any single stock, capping it at either 5% or five times its regular NIFTY 200 weight.
| Time Period |
Return Percentage |
| 5 Years |
34.24% |
| 10 Years |
25.89% |
*Returns as of 01 August 2024
Benefits of Investing in the Nifty 200 Alpha 30 Index
The key benefits of investing in this Nifty Alpha index are listed below:
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Enhanced Performance: Targets the top 30 stocks based on alpha scores, aiming for superior returns by focusing on high performers.
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Dynamic Allocation: Increases allocation to mid-cap stocks during bull markets and to large-cap stocks during bear markets.
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Stock Selection Strategy: Promotes high-return, low-volatility stocks while removing those with poor returns or high volatility.
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Diversification Benefits:
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Large-Cap Stocks: Invest in stable, established companies with consistent growth.
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Mid-Cap Stocks: Invest in high-growth companies with a proven track record.
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Reduced Volatility: Selects stocks with high returns and low volatility, minimizing risk and providing more stable returns.
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Strategic Rebalancing: Regular quarterly rebalancing ensures that the portfolio remains aligned with current market conditions and performance trends.
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Risk Management: Avoids the risk and volatility associated with small-cap stocks.
Sectoral Representation of the Nifty 200 Alpha 30 Index
| Top Sectors |
Weightage (%) |
| Capital Goods |
24.49 |
| Financial Services |
17.30 |
| Healthcare |
10.36 |
| Automobile and Auto Components |
9.81 |
| Oil, Gas & Consumable Fuels |
7.34 |
| Telecommunication |
6.30 |
| Services |
5.15 |
| Consumer Services |
5.11 |
| Consumer Durables |
4.37 |
| Metals & Mining |
3.42 |
| Information Technology |
3.27 |
| Power |
3.08 |
[Source: nseindia.com] *Data as of 01 August 2024.
Performance of Nifty 200 Alpha 30 Index
| Index Name |
3-Year Returns |
5-Year Returns |
10-Year Returns |
| NIFTY 200 Alpha 30 |
28.97% |
34.24% |
25.89% |
| NIFTY 200 |
17.50% |
18.67% |
14.95% |
| Nifty 100 |
18.10% |
19.70% |
14.40% |
| Nifty Midcap 100 |
28.10% |
30.90% |
19.50% |
| Nifty Smallcap 100 |
22.00% |
29.40% |
15.40% |
[Source: nseindia.com] The above-mentioned returns are total returns. Data as of August 01, 2024.
Steps to Buy Bajaj Allianz Life Nifty 200 Alpha 30 Index Fund from Policybazaar
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Step 1: Go to the form provided on this page.
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Step 2: Enter your name and contact number, then click "View Plans" to explore options.
Note: Your details are kept confidential and will only be used to customize your benefits.
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Step 3: You will be directed to a comparison page to review available investment plans:
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Step 4: Choose the Bajaj Allianz Life Insurance Nifty 200 Alpha 30 Fund NFO, view its details, and click “Proceed.”
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Step 5: Review the plan, make the payment, complete KYC requirements, and receive confirmation of your investment.
Generate wealth Earn 1 Cr# in maturity with Zero LTCG tax¶
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