What is the difference between these Bajaj Allianz index funds?

Each fund targets a specific index with unique stock selection criteria, such as midcap, smallcap, alpha generation, momentum, or multifactor, offering varied risk-return profiles.

Can I invest directly in these funds outside the ULIP?

These funds are launched as part of Bajaj Allianz investment plans product, and are not available as standalone mutual funds.

How frequently are the portfolios rebalanced?

Rebalancing happens quarterly or semi-annually depending on the fund’s benchmark methodology to maintain alignment with the index.

Top performing plans^˜ with High Returns^**

Invest ₹10K/month & Get ₹1 Crore^# Tax-Free^*

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Bajaj NFO

Bajaj NFOs offer investors a unique opportunity to invest in newly launched, index-linked funds under Bajaj Allianz Life Insurance’s ULIP plans. These funds are ideal for long-term wealth creation. Bajaj NFOs help investors ride market trends while enjoying tax advantages and insurance cover.

Plans starting from ₹1000/month

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))
Compare & Choose 30+ Plans and 150+ Fund options

What is Bajaj NFO?

Bajaj Allianz Life Insurance continuously expands its investment options through New Fund Offers (NFOs), providing investors with opportunities to participate in various index-linked funds. These NFOs combine capital growth potential with the security of life insurance, making them suitable for long-term investors seeking diversified equity exposure within ULIP (Unit Linked Insurance Plans) products. The recent Bajaj Allianz NFOs focus on a range of index-based funds across midcap, smallcap, largecap, and multifactor strategies, catering to different risk appetites and investment goals.

Recent Bajaj Allianz NFOs Overview

Bajaj Allianz Life Midcap Index Fund

This fund aims to deliver capital appreciation by investing in equities forming part of the Nifty Midcap 150 Index. It seeks to track the performance of midcap stocks, offering investors exposure to growing companies that lie between large caps and small caps. The portfolio maintains a strong equity allocation with some liquidity kept in bank deposits or money market instruments for stability.
Bajaj Allianz Life SmallCap Quality Index Fund

Focused on the Nifty SmallCap 250 Quality 50 Index, this fund targets quality small-cap stocks selected based on financial health and earnings consistency. The fund’s strategy is designed for capital appreciation through investments in financially robust smaller companies, which have growth potential along with lesser volatility compared to the broader small-cap universe.
Bajaj Allianz Life Nifty Alpha 50 Index Fund

This fund invests in the Nifty Alpha 50 Index stocks, which are chosen based on alpha generation—stocks expected to outperform benchmarks by delivering excess returns. It offers investors exposure to a highly selective group of 50 high-alpha stocks, blending growth potential with risk.
Bajaj Allianz Life Nifty 200 Alpha 30 Index Fund

The fund invests in 30 high-alpha stocks from the Nifty 200 Index, identified through Jensen Alpha methodology. The objective is to provide superior returns by focusing on stocks that generate excess returns compared to the market, with quarterly rebalancing to incorporate fresh market dynamics. It suits investors with a higher risk appetite and longer time horizon.
Bajaj Allianz Life Nifty 200 Momentum 30 Index Fund

This fund invests in 30 stocks from the Nifty 200 Momentum 30 Index, selected on normalized momentum scores derived from 6-month and 12-month price returns. It aims to capture growth in high-momentum stocks with regular index reconstitutions. The fund aligns with investors comfortable with very high risk levels seeking capital appreciation.
Bajaj Allianz Life Nifty 500 Multicap Momentum Quality 50 Index Fund

This NFO targets multi-cap stocks carefully selected based on momentum and quality factors from the Nifty 500 index. The fund focuses on blending high-risk, high-momentum stocks with quality measures such as return on equity and financial stability. This fund is designed for ULIP investors aiming for dynamic long-term growth through diversified exposure across large, mid, and small caps.
Bajaj Allianz Life Nifty 500 Multifactor 50 Index Fund

This multifactor fund tracks a rules-based index selecting 50 stocks based on four factors: Momentum, Quality, Value, and Low Volatility from the Nifty 500 universe. The fund promotes a disciplined, data-driven approach for equity exposure, reducing subjective active management risks. It suits investors with a very high-risk tolerance seeking systematic factor-based investment strategies for long-term capital appreciation in ULIPs.

Benefits of Investing in Bajaj Allianz NFOs

Exposure to diverse market segments and investment styles
Integration with life insurance benefits
Professional portfolio management
Potential for long-term capital appreciation

Who Should Invest in These NFOs?

Investors seeking long-term growth through equity markets
Those preferring a mix of investment styles, such as momentum, quality, and alpha strategies
ULIP investors looking for tailored index-linked fund options

Key Risks to Consider

Market volatility, especially in midcap and smallcap stocks
Risk associated with momentum and alpha strategies
Policy-related charges and liquidity constraints in ULIPs

FAQs

What is the difference between these Bajaj Allianz index funds?

Each fund targets a specific index with unique stock selection criteria, such as midcap, smallcap, alpha generation, momentum, or multifactor, offering varied risk-return profiles.
Can I invest directly in these funds outside the ULIP?

These funds are launched as part of Bajaj Allianz investment plans product, and are not available as standalone mutual funds.
How frequently are the portfolios rebalanced?

Rebalancing happens quarterly or semi-annually depending on the fund’s benchmark methodology to maintain alignment with the index.

˜Top plans are based on annualized premium, for bookings made through https://www.policybazaar.com in FY 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 01-10-2025
*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).