Introducing the HDFC Life Top 300 Alpha 50 Fund, a fund that targets superior long-term returns by tracking the Nifty Alpha 50 Index, comprising the 50 best-performing stocks from India’s top 300 companies. Designed for growth-oriented investors seeking a smart, quantitative approach, this fund blends equity market potential with insurance benefits. The NFO opens on 4th June, making it an exciting new investment option.
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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))
HDFC Life Top 300 Alpha 50 Fund is a New Fund Offering by HDFC Life that aims to generate long-term capital appreciation by investing in a portfolio aligned with the Nifty Alpha 50 Index. This index tracks the 50 top-performing stocks selected from the top 300 largest companies listed on the NSE, based on their Jensen’s Alpha—a risk-adjusted performance metric that measures a stock's excess return over the market.
Key Features of HDFC Life 300 Alpha 50 Fund:
Index-Linked Investment: The fund mirrors the Nifty Alpha 50 Index, which is constructed from the top 300 NSE-listed companies, selecting the 50 with the highest alpha scores (indicating consistent outperformance after adjusting for risk).
Stock Selection: Only stocks with a minimum one-year listing and a full year of trading history are eligible. The selection is purely based on historical performance, not just market capitalization.
Weighting Methodology: Stocks in the index are weighted according to their alpha scores, with caps to prevent excessive concentration in any single stock.
Highlights of HDFC Life Top 300 Alpha 50 Fund
Particulars
Details
Benchmark Index
NIFTY Alpha 50
Benchmark Index Returns
10-Year Returns: 21.3% p.a.
Risk Profile
High
NFO Launch Date
4th June 2025
NFO Duration
4th June to 18th June 2025
Current NAV
₹10
Minimum Investment
₹2,000 per month
Reasons Why You Should Consider Investing in HDFC Life Top 300 Alpha 50 Fund
High Growth Potential
The fund invests in the top 50 stocks with the highest risk-adjusted returns (alpha) from India’s top 300 companies, aiming for superior long-term capital appreciation.
Potential for Superior Returns
The fund aims to deliver higher returns by investing in the top 50 stocks with the best risk-adjusted outperformance (alpha) from the top 300 NSE-listed companies, leveraging a proven strategy that has historically outperformed broader indices. The 5 year returns of NIFTY Alpha has been 29.70%
Diversification Across Sectors
By drawing from a broad universe of 300 companies, the fund provides exposure to multiple sectors, helping to spread risk.
Dual Benefit of Insurance and Investment
As a ULIP, the fund offers both life insurance protection and the opportunity to grow your wealth through equity investments.
Flexibility and Control
Investors can switch between funds, make partial withdrawals after the lock-in period, and top up premiums, offering flexibility to adapt to changing goals or market conditions.
Tax Benefits
Investments in this fund may be eligible for tax deductions under Section 80C and tax-free maturity benefits under Section 10(10D) of the Income Tax Act, 1961
What is NIFTY Alpha 50?
The NIFTY Alpha 50 is a stock market index designed to track the performance of 50 stocks listed on the National Stock Exchange (NSE) that have demonstrated the highest alpha values over the past year. In financial terms, alpha represents the excess return a stock generates compared to its expected return, given its risk profile. Essentially, stocks with high alpha have historically outperformed the broader market or their benchmark indices after adjusting for risk.
Key Features:
Selection Criteria: The index comprises the top 50 stocks from the NIFTY 100 based on their alpha scores, which are calculated using historical price data, market capitalization, and trading volumes.
Weighting Methodology: Stocks are weighted in the index according to their alpha values—the higher the alpha, the greater the weight in the index.
Diversification: The index is well-diversified across various sectors, focusing on stocks with a track record of outperformance.
Rebalancing: The index constituents and their weights are reviewed and rebalanced quarterly to ensure they continue to reflect stocks with the highest recent alpha.
NIFTY Alpha 50 With Other Indices
Index Name
5Y Return
10Y Return
Nifty Alpha 50
29.70%
21.03%
Nifty Midcap 150
28.37%
18.30%
Nifty Smallcap 250
28.97%
15.45%
Nifty 50
24.37%
12.92%
Sector Representation of NIFTY Alpha 50
Sector
Weight (%)
Financial Services
22.46
Capital Goods
21.78
Consumer Durables
16.69
Healthcare
8.89
Consumer Services
6.02
Services
5.09
Telecommunication
3.50
Power
3.41
Metals & Mining
2.90
Oil, Gas & Consumable Fuels
2.88
Chemicals
2.10
Construction
1.93
Automobile and Auto Components
1.74
Realty
0.53
Information Technology
0.07
Companies of NIFTY Alpha 50
How to Buy HDFC Life Top 300 Alpha 50 Fund From Policybazaar?
To buy the HDFC Life Top 300 Alpha 50 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 Top 300 Alpha 50 Fund option that best suits your needs from the following options:
Step 5: In the HDFC Life Top 300 Alpha 50 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 plan details 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 Top 300 Alpha 50 Fund From Policybazaar?
Investing via Policybazaar provides various advantages, including:
Ease of Access: Invest digitally in the HDFC Life Top 300 Alpha 50 Fund without the hassle of visiting banks or agents.
Plan Comparison: Evaluate various investment options, including the latest funds, to make well-informed choices and secure competitive deals.
Professional Support: Benefit from expert advice to choose the NFO plan that aligns with your financial goals and requirements.
Tax Savings: Enjoy tax benefits under Section 80C and Section 10(10D) of the Income Tax Act by investing through Policybazaar.
FAQs
What is the historical performance of the NIFTY Alpha 50 Index?
The index has shown strong historical performance:
5-year return: 29.70%
10-year return: 21.03%
What are the tax benefits under the HDFC Life Top 300 Alpha 50 Fund?
You can avail of the following tax benefits of investing in the HDFC Life Top 300 Alpha 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 NIFTY 200 Alpha 30 Index performance history?
Index Returns (%)
QTD
YTD
1 year
5 years
Since Inception
Price Returns
11.25
-9.08
-3.78
34.38
20.16
Total Returns
11.32
-8.82
-3.09
35.31
21.26
# QTD, YTD and 1-year returns are absolute returns. Returns for greater than one year are CAGR returns
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. 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. 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 01-06-2025 *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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