HDFC Life is launching a New Fund Offering (NFO) it is a momentum-based investment fund that focuses on the top 50 companies from the NIFTY 500 index across large, mid, and small-cap categories. The fund uses a momentum strategy to invest in stocks with strong recent performance, aiming for capital appreciation.
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Plans starting from₹1000/month
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Investment Plans
Generate wealthEarn 1 Cr# in maturity with Zero LTCG tax¶
Double tax savings^On premiums (under 80C) and on maturity (under 10(10D))
The HDFC Life NIFTY 500 Momentum 50 Fund is a New Fund Offering (NFO) and is a passively managed index fund that replicates the performance of the Nifty 500 Momentum 50 Index. This index consists of the top 50 stocks from the Nifty 500 index that have shown the strongest momentum over the past 6 months and 12 months. In addition to offering market-based returns, the HDFC Life NIFTY 500 Momentum 50 Fund comes with the added advantage of life cover and insurance. This means that while you invest in a diversified equity portfolio, you also benefit from financial protection for your loved ones through life insurance coverage, ensuring security alongside wealth creation.
The HDFC Life NIFTY 500 Momentum 50 Fund is suitable for investors who:
Are looking for a diversified equity portfolio: The fund invests in 50 stocks from the Nifty 500 index, providing exposure to various market sectors and sizes.
Believe in momentum investing: The fund's strategy is based on the momentum factor, which suggests that stocks that have performed well in the past are likely to continue performing well in the future.
Have a medium to high-risk appetite: The fund is considered to be a medium to high-risk investment due to its focus on momentum stocks.
Have a long-term investment horizon: The momentum strategy may not be effective in all market conditions, and investors should be prepared to hold the fund for the long term to capture the benefits of momentum investing.
Highlights of HDFC Life NIFTY 500 Momentum 50 Fund
Particulars
Details
Benchmark Index
NIFTY 500 Momentum 50 Index
Benchmark Index Returns
10-Year Returns: 24.4% p.a.
Risk Profile
High
Current NAV
₹10
Minimum Investment
₹2,000 per month
Reasons Why You Should Invest in the HDFC Life NIFTY 500 Momentum 50 Fund
Below are the reasons why you should invest in HDFC Life NIFTY 500 Momentum 50 fund:
Exposure to Flexi Cap Index
This fund invests in a diversified selection of top 50 companies, drawing from the large, mid, and small-cap universe. This flexibility ensures that you're investing in firms with growth potential across the entire market spectrum.
Less Charges
The HDFC Life NIFTY 500 Momentum 50 Fund comes with less charges. This means more of your money is put to work in the market, enhancing potential returns over time.
Impressive Historical Returns
With a 10-year benchmark return of 24.3%, this fund has demonstrated robust historical performance. While past performance doesn’t guarantee future results, such returns showcase the fund’s capability to deliver solid gains over the long term.
Versatile Investment Options
All premium term and premium payment term combinations (PT-PPT) are available, ensuring you have flexibility in customizing your investment according to your financial goals.
Ideal for Long-Term Growth
With its focus on momentum and diverse market exposure, this fund is ideal for investors seeking long-term capital appreciation. It provides a structured way to benefit from market dynamics while minimizing the need for constant monitoring.
Life Cover and Insurance Benefits
One of the key advantages of investing in the HDFC Life NIFTY 500 Momentum 50 Fund is the life cover it offers. Along with potential market returns, your investment comes with insurance benefits, providing financial security to your loved ones in case of any unforeseen events. This dual advantage ensures your investment not only grows but also protects your family's future.
What is the NIFTY 500 Momentum 50 Fund?
The Nifty 500 Momentum 50 Fund is a passively managed index fund that invests in the top 50 stocks selected based on their 6-month and 12-month performance from the Nifty 500 index. This fund aims to generate returns by investing in stocks that have shown strong performance trends over time.
NIFTY 500 Momentum 50 Index Performance With Other Indices
Index Name
3-Year Return
5-Year Return
10-Year Return
NIFTY 500 Momentum 50
26.8%
35.3%
24.4%
NIFTY 500
16.4%
22.1%
15.3%
NIFTY 50
13.0%
18.5%
13.6%
NIFTY 100
14.0%
19.3%
14.2%
NIFTY Midcap 150
23.8%
31.7%
20.5%
NIFTY Smallcap 250
24.0%
33.4%
17.7%
Sector Representation of the NIFTY 500 Momentum 50 Fund
Top Sectors
Weightage of Invested Assets
Capital Goods
30.88%
Financial Services
15.99%
Automobile and Auto Components
15.51%
Power
10.21%
Consumer Services
6.72%
Services
4.71%
Consumer Durables
3.93%
Construction
2.92%
Metals & Mining
2.77%
Oil, Gas & Consumable Fuels
2.06%
Realty
1.70%
Healthcare
1.42%
Chemicals
1.18%
[Source: nseindia.com] Data updated as of September 30, 2024.
Companies of NIFTY 500 Momentum 50 Fund
How to Buy HDFC Life NIFTY 500 Momentum 50 Fund from Policybazaar?
To buy the HDFC Life NIFTY 500 Momentum 50 Index Fund from Policybazaar, follow these steps:
Step 1: Fill in your name and contact number in the form on this page to get started.
Note: Your details are kept confidential and will only be used to customize your benefits.
Step 2: You can also visit the plans just by clicking view plans below
Step 3: Once logged in, you'll be prompted to fill in your city, age, and annual income in the provided form. This information will be used to check the personalised benefits of the plans.
Step 4: After providing your personal information, you'll be presented with HDFC Life Investment Plans on a blue and red card. Select the HDFC Life NIFTY 500 Momentum 50 Index Fund option that best suits your needs from the following options:
HDFC Life Click 2 Invest
HDFC Life Sampoona Nivesh
HDFC Life Click 2 Wealth
Step 5: In the HDFC Life NIFTY 500 Momentum 50 Index Fund, click the "Get Details" tab for more information.
You can also get FREE expert consultation; just click on the talk to an expert button.
Step 6: Review the details of the plan carefully. Once satisfied, click on the "Proceed" button and follow the prompts on the screen to move forward with the purchase.
Step 7: You will be prompted to enter essential details and specify the amount you want to invest. Select the preferred mode of payment for your investment.
Step 8: Provide your required KYC (Know Your Customer) details. This step is essential for regulatory compliance.
Step 9: Complete the payment process. Upon successful payment, you will receive confirmation of your purchase.
What are the Benefits of Purchasing the HDFC Life NIFTY 500 Momentum 50 Fund From Policybazaar?
Investing through Policybazaar offers a range of valuable benefits:
Convenience: Invest online in the HDFC Life NIFTY 500 Momentum 50 fund via Policybazaar, avoiding physical bank or agent visits.
Comparison: Compare multiple investment plans, including new funds, to make informed decisions and find the best market deals.
Expert Guidance: Access financial experts who help select the right NFO plan based on your needs and goals.
Tax Benefits: Maximize tax advantages under Section 80C and Section 10(10D) of the Income Tax Act through investments with Policybazaar.
FAQs
What are the tax benefits under the HDFC Life NIFTY 500 Momentum 50 Fund?
You can avail of the following tax benefits of investing in the HDFC Life NIFTY 500 Momentum 50 Fund:
Section 80C: You can claim tax benefits under Section 80C of the Income Tax Act, 1961. It allows a deduction of up to ₹1.5 lakhs from taxable income for the invested amount in HDFC Life.
Section 10(10D): You can utilize Section 10(10D) benefits for your investments in HDFC Life New Fund Offering (NFO). This benefit is applicable if the annual premium paid is below ₹ 2.5 lakh.
What is the investment objective of the HDFC Life NIFTY 500 Momentum 50 Fund?
The investment objective of the HDFC Life NIFTY 500 Momentum 50 Fund is to generate returns by investing in stocks that have shown strong price momentum over the past 6 months and 12 months. The fund aims to replicate the performance of the Nifty 500 Momentum 50 Index, which consists of the top 50 stocks from the Nifty 500 index that have exhibited the highest momentum.
What is the minimum investment amount required to invest in HDFC Life NIFTY 500 Momentum 50 Fund?
The minimum investment amount is ₹ 2,000. However, this may vary depending on the investment plan you choose.
What is the performance history of NIFTY 500 Momentum 50 Index?
Index Returns (%)
QTD
YTD
1 year
5 years
Since Inception
Price Returns
4.99
41.02
64.23
33.74
23.75
Total Returns
5.27
41.93
65.57
34.76
24.93
# QTD, YTD and 1-year returns are absolute returns. Returns for greater than one year are CAGR returns
What is the NIFTY 500 Momentum 50 fund's investment style?
The fund follows a momentum-based investment style, focusing on stocks that have been trending upwards.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in *Past 10 Year annualised returns as on 01-12-2024 *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.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs. **Returns are based on past 10 years' fund performance data (Fund Data Source: Value Research).
Generate wealthEarn 1 Cr# in maturity with Zero LTCG tax¶
Double tax savings^On premiums (under 80C) and on maturity (under 10(10D))
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