Bajaj Allianz Life Nifty Alpha 50 Index Fund

Bajaj Allianz Life Nifty Alpha 50 Index Fund is an open-ended New Fund Offering (NFO) available from 1st to 15th July 2024. This new Bajaj Allianz index fund NFO tracks the Nifty Alpha 50 Index comprising top 50 stocks with high alpha value among the top 300 stocks on the National Stock Exchange (NSE). These 50 stocks are expected to outperform the market.

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What is Bajaj Allianz Life Nifty Alpha 50 Index Fund?

Bajaj Allianz Life Nifty Alpha 50 Index Fund is a market-linked index fund which aims to mirror the returns of the Nifty Alpha 50 Index. This index consists of 50 stocks selected based on high return potential and low volatility.

Important Dates: You can invest in this Bajaj Allianz Life Nifty Alpha 50 index Fund NFO between 01 July 2024 and 15 July 2024.

  • The Bajaj Life Nifty Alpha 50 Index Fund follows a passive investment strategy, where it replicates the performance of Nifty Alpha 50 Index

  • This index consists of 50 companies with high Alpha value among the top 300 large, medium and small market capitalization companies listed on the National Stock Exchange (NSE) of India. 

Top 300 Stocks Holds:

  • 1st – 100th: Large Cap Companies

  • 101st – 250th: Mid Cap Companies

  • 251st Onwards: Small Cap Companies

  • The Alpha is a measure of excess returns relative to a market index or benchmark.

  • The weight allocation to these top 50 stocks from the Nifty Alpha 50 Index is decided in proportion to their Alpha score. 

bajaj allianz nifty alpha fiftybajaj allianz nifty alpha fifty

Highlights of Bajaj Allianz Life Nifty Alpha 50 Index Fund

Particulars Details
Investment Objective The Bajaj Allianz Life Insurance Nifty Alpha 50 Index Fund aims to provide returns that closely correspond to the performance of the Nifty Alpha 50 Index.
Benchmark Index NIFTY Alpha 50 Index
Benchmark Index Returns
  • 10-Year Returns: 26.40% p.a.
  • 5-Year Returns: 32.90% p.a.
Risk Profile Very High
NFO Launch Date 01 July 2024 
NFO Duration 1 July – 15 July 2024
Current NAV Rs. 10 
Minimum Investment Rs. 2,000 per month

Reasons Why You Should Invest in Bajaj Allianz Life Nifty Alpha 50 Index Fund NFO

reasons to choose bajaj reasons to choose bajaj
  • Top Performance: This investment option tracks the Nifty 50 Index, achieving a 10-year benchmark return of 26.4%.

  • Cost-Effective: The Bajaj Allianz Nifty Alpha 50 fund is available with Bajaj Allianz Goal Assure Plan at no additional charges.

  • Exclusive NFO Opportunity: You can invest in this Bajaj Allianz index fund NFO at a special NAV price of ₹10 between the period 1st – 15th July 2024.

  • Cost Effective Investment Option: Bajaj Allianz is offering this Nifty Alpha 50 index fund with Waiver of Premium (WOP) options starting from ₹2000.

Plan Name Savings Child Plans Retirement
Capital Guarantee Solutions Starts at Rs. 2000 Starts at Rs. 2000 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. 

  • Triple Benefits with Bajaj Allianz Smart Wealth Goal –WOP Plan: In case of your demise, the triple benefits payouts are provided along with the maturity benefits, where:

    • Waiver of Premium (WOP) Benefit: Bajaj Allianz Life Insurance pays the future premiums of your Bajaj Allianz Investment Plan

    • Life Cover Benefit: In your absence, life cover is provided to your child, providing financial protection.

    • Annual Income Benefit: Your family gets paid a regular income equal to one annual premium for the remaining policy term so that the family lifestyle is not compromised.

  • Minimized Market Risk: The Bajaj Nifty Alpha 50 is a passive index fund, which reduces the risk of underperforming the market and ensures unbiased investing.

Benefits of Purchasing the Bajaj Nifty Alpha 50 Index Fund from Policybazaar

  • Convenient Online Platform: Policybazaar offers an easy and user-friendly online platform to purchase the Bajaj Nifty Alpha 50 Index Fund.

  • Comparison Tools: You can compare the Bajaj Nifty Alpha 50 Index Fund with other funds, helping you make an informed decision.

  • Expert Guidance: Policybazaar provides access to expert advice and customer support to assist you throughout the purchase process.

  • Tax Advantages: You can avail of tax benefits under Section 80C and Section 10(10D) by investing in the Bajaj Nifty Alpha 50 Index Fund, which is easily available on the Policybazaar platform.

What is Alpha?

Alpha is used to measure how well your investment has performed compared to the benchmark index. It indicates whether an investment has gained more or less value than expected.

You can calculate the alpha of your investment by comparing the actual return of your investment with its expected return.

Interpretation of Alpha

    • Positive Alpha: Indicates that the investment is giving better returns than the market. 

Example: Stock A with a 15% return when the benchmark index returned 10%.

Alpha = 15% - 10% = 5% (Positive Alpha = Stock outperforms the benchmark) 

    • Negative Alpha: Indicates that the investment is giving poor returns than the market.

Example: Stock B with a 9% return when the benchmark index returned 10%.

Alpha = 9% - 10% = -1% (Negative Alpha = Stock underperforms the benchmark) 

What is the Nifty Alpha 50 Index?

The Nifty Alpha 50 Index is a National Stock Exchange (NSE) index that tracks the performance of 50 large, medium, and small cap companies that have shown high alpha value during the last one year.

  • Specializes in High Alpha Stocks: It aims at companies that have shown strong returns relative to their risk in the past year.

  • Well-rounded: This Bajaj Allianz Nifty Alpha 50 Index comprises 50 stocks, offering spread across various sectors of the Indian stock market.

  • Alpha-driven: Each stock's weight in this index depends on its alpha, focusing more on high alpha stocks for greater influence on index performance.

  • Suitable for Investment and Duplication: The Nifty Alpha 50 Index considers the liquidity and market capitalization of the stock to ensure it is feasible for investors to use and replicate.

  • Quarterly Rebalancing for Market Sensitivity: Rebalances every quarter to swiftly respond to market changes, unlike semi-annual rebalancing of other indices.

  • High Returns: The Nifty Alpha 50 Index has shown the best performance across all time periods in the equity market.

Time Period Return Percentage
5 Years 32.90%
10 Years 26.40%

If you invested Rs. 100 in the Nifty Alpha 50 index fund ten years ago, it's now worth Rs. 985, showing almost a tenfold increase.

Therefore, Invest in an INDEX FUND to SIT BACK, RELAX & EARN Returns as high as the Index Returns!

Investment Methodology of Nifty Alpha 50 Index

  • Focused Selection of Top Performers: Invests exclusively in the top 50 stocks that consistently outperform market benchmarks, exiting quickly when returns diminish.

  • Rule-Based Selection Strategy: Uses a formula or AI-driven method to pick the best 50 stocks from a pool of 300 across large, mid, and small cap segments.

  • Emphasis on High Returns, Low Volatility: Prioritizes stocks with strong returns and stable price movements, while eliminating those with poor returns or high volatility.

  • Dynamic Flexibility Across Market Caps: Increases exposure to midcap and small-cap stocks during bullish phases to capture growth potential. Shifts to large-cap stocks during bearish periods for stability and risk management.

  • Index Replication and Quarterly Rebalancing: The Bajaj Life Nifty Alpha 50 Index Fund will mirror the NSE-declared index and undergoes rebalancing every quarter on the last trading day of February, May, August, and November.

Sectoral Representation of the Nifty Alpha 50 Index

Top Sectors Weightage of Invested Assets
Financial Services 28.00%
Capital Goods  18.59%
Power 7.94%
Healthcare 6.78%
Realty 6.69%
Construction  6.65%
Information Technology  5.31%
Consumer Services 4.87%
Metals & Mining 4.05%
Automobile and Auto Components  3.60%
Fast Moving Consumer Goods 1.62%

[Source: nseindia.com] *updated as of 26 June 2024.

Companies of Nifty Alpha 50 Index

nifty alpha fifty funds stocknifty alpha fifty funds stock

Performance of Nifty Alpha 50 Index

Index Name  3-Year Returns 5-Year Returns 10-Year Returns
NIFTY Alpha 50  26.50% 32.90% 26.40%
NIFTY Midcap 150  26.30% 26.60% 19.90%
NIFTY Smallcap 250 25.70% 25.90% 16.80%
NIFTY 50 15.30% 15.80% 13.20%

[Source: nseindia.com]

Steps to Buy Bajaj Allianz Nifty Alpha 50 Index Fund from Policybazaar

  • Step 1: Go to the form available on this page. 

  • Step 2: Fill out your name and contact number to start the process. Explore available plans by clicking "View Plans."

  • Step 3: You will be directed to the comparison page of best investment plans.

  • Step 4: Enter your basic details like place, age, and salary range to get personalized plans offered by various insurers. 

  • Step 5: Select the Bajaj Allianz Life Insurance Nifty Alpha 50 Fund- New Fund Offer (NFO) from the present investment options. Click on the fund to view details like fund performance and NAV.

  • Step 6: Press the “Proceed” button. Review the details of your Bajaj Allianz investment plan, proceed to payment, and complete the KYC requirements for regulatory purposes.

  • Step 7: You will receive a confirmation of your investment along with details of the fund units purchased.

Who Should Opt For the Bajaj Allianz Life Nifty Alpha 50 Index Fund?

Categories of Investors Who Should Invest in Bajaj Allianz Life Nifty Alpha 50 Fund:
  • Passive Investors: 
For those who prefer hands-off investing by tracking the Nifty Alpha 50 Index without active management.
  • Long-Term Investors: 
Ideal for investors with a long horizon who expect growth from the Nifty Alpha 50 Index constituents.
  • Cost-Conscious Investors: 
Appeals to those prioritizing low costs, as index funds typically have minimal expense ratios.
  • Risk-Averse Investors: 
Offers stability with lower volatility compared to actively managed funds, thanks to diversified large-cap exposure.

Frequently Asked Questions

  • Under which plan can we avail of the benefits of Bajaj Allianz Life Nifty Alpha 50 Index Fund

    You can avail of the benefits of the Bajaj Allianz Life Nifty Alpha 50 Index Fund under the Bajaj Allianz Life Insurance Unit-Linked Insurance Plans (ULIPs), which are listed below: 
  • Is it good to invest in the Bajaj Allianz Nifty Alpha Index Fund NFO?

    Investing in the Bajaj Allianz Nifty Alpha Index Fund NFO (New Fund Offer) can be a good choice if you are looking for exposure to a diversified portfolio that aims to outperform the broader market. The Nifty Alpha 50 Index consists of the top 50 companies that have consistently generated higher alpha, or excess returns, relative to the broader Nifty 50 Index.
  • What are the recently launched Bajaj Allianz life insurance NFOs?

    Bajaj Allianz Life Insurance has recently launched several New Fund Offers (NFOs) in 2023 and 2024:
  • Who should invest in the Bajaj Life Nifty Alpha 50 Index Fund?

    The Bajaj Life Nifty Alpha 50 Index Fund is suitable for investors who:
    • Are looking for long-term capital appreciation.

    • Want to invest in a diversified portfolio of high-potential companies.

    • Have a moderate to high-risk tolerance.

    • Are looking for investment options within a Unit-Linked Insurance Plan (ULIP).

  • How does the Bajaj Allianz Life Insurance Nifty Alpha 50 Index Fund benchmark its performance?

    The Bajaj Allianz Nifty Alpha 50 Index Fund benchmarks its performance against the Nifty Alpha 50 Index. This index comprises 50 stocks with high alpha, representing companies that have outperformed the broader market in terms of returns.
  • What is the NAV of Bajaj Allianz Life Nifty Alpha 50 Index Fund NFO?

    The Net Asset Value (NAV) of the Bajaj Life Nifty Alpha 50 Index Fund NFO is ₹10 during the period of 01 July - 15 July 2024.
  • How safe is Bajaj Allianz Life Market-linked Funds?

    The safety of Bajaj Allianz Life Market-linked Funds depends on various factors, including market conditions, the performance of the underlying assets, and the fund manager's expertise. It's important to review the fund's historical performance, risk factors, and your own risk tolerance before investing.
  • How do I choose the right market-linked fund for me?

    Fund selection depends on your risk tolerance, investment goals, and time horizon. Discuss your options with a Bajaj Allianz advisor to understand each fund's objective and risk profile.
  • Can I switch between different funds within my Bajaj Allianz investment plans?

    Yes, the Bajaj Allianz savings plans generally allow you to switch between funds during the policy term. This flexibility helps you adjust your investment strategy based on market conditions.
  • What are the tax benefits of investing in Bajaj Allianz market-linked funds?

    ULIP plans offered by Bajaj Allianz Life Insurance offer income tax deductions up to ₹1.5 lakhs p.a. under Section 80C and tax benefits on interest earned when your total annual premiums paid are below ₹2.5 lakhs under Section 10(10D).
  • Nifty Alpha 50 Index is available with which other market-linked insurance funds?

    Nifty Alpha 50 Index is a relatively new option available in market-linked insurance funds. Here are two companies currently offering it:
  • What are the other funds to invest in the Nifty Alpha 50 Index?

    In addition to the Bajaj Allianz Nifty Alpha 50 Index Fund, other market-linked investment funds and ETFs (Exchange Traded Funds) tracking the Nifty Alpha 50 Index include:
    • Max Life Nifty Alpha 50 Index Fund

    • Kotak Nifty Alpha 50 ETF

    • ABSLI Nifty Alpha 50 Index Fund

    • ICICI Prudential Nifty Alpha 50 Index Fund

    • Motilal Oswal Nifty Alpha 50 ETF

    • HDFC Nifty Alpha 50 Index Fund

    • UTI Nifty Alpha 50 Index Fund

    • Bandhan Nifty Alpha 50 Index Fund

*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.

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Fund Reviews & Ratings
4.6 / 5 (Based on 26 Reviews)
(Showing Newest 10 reviews)
Satish
Vijayawada, July 20, 2024
Transparent Fee Structure
Im impressed with the transparency of fees and charges associated with the Bajaj Allianz Life Nifty Alpha fifty Index Fund offered by Policybazaar. No hidden costs
Radha
Mysore, July 19, 2024
Easy Entry Point
As a first time investor I found Nifty Alpha fifty Index funds easy to understand and invest in through Policybazaar. Its a good starting point for anyone looking to enter the world of mutual funds.
Suresh
Kochi, July 18, 2024
Impressive Past Returns
The past returns of the Nifty Alpha fifty Index are impressive but Im concerned about its performance during a market downturn.
Anjali
Hyderabad, July 18, 2024
Simplified Investment Process
Even though I didnt know much about the Nifty Alpha fifty Index before Policybazaars platform made it easy to invest.
Shalini
Chennai, July 17, 2024
Interest in Alpha Stocks
Im new to index funds but the idea of focusing on high performing stocks with alpha is interesting. Policybazaars Nifty Alpha fifty seems like a good way to diversify my portfolio.
Manoj
Bengaluru, July 17, 2024
Excellent Customer Service
Policybazaar provided excellent customer service when I had questions about the Bajaj Allianz Life Nifty Alpha fifty Index Fund. Their support team was knowledgeable and responsive.
Deepa
Cuttack, July 15, 2024
Trusted Expertise
I trust Bajaj Allianz Life investment funds for their expertise in the market. Theyve helped me achieve my financial goals effectively.
Arjun
Puri, July 15, 2024
Confident Diversification
Great way to diversify my portfolio with exposure to high growth companies. Bajaj Allianz Life has a good reputation which gives me confidence.
Prakash
Siliguri, July 12, 2024
Competitive Performance
I switched to the Bajaj Allianz Life Nifty Alpha fifty Index Fund through Policybazaar for its competitive performance and the convenience of managing investments online.
Priya
Darjeeling, July 12, 2024
Great Platform for Fund Research
Policybazaar is a great platform to research Bajaj Allianz Life funds. I can easily compare past performance and investment strategies before making a choice.
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