Bajaj Allianz SIP Plans

Bajaj Allianz SIP Plans (Systematic Investment Plans) offer a hassle-free approach to wealth creation. It empowers you to invest regularly in market-linked funds, diversify your assets, and achieve long-term growth while mitigating market fluctuations.

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SIP Benefits
Start SIP with as low as ₹1000
Start SIP with as low as ₹1000
No hidden charges
No hidden charges
Save upto ₹46,800 in Tax
Save upto ₹46,800 in Taxunder section 80 C
Zero LTCG Tax
Zero LTCG Tax^ (Unlike 10% in Mutual Funds)
Disciplined & worry-free investing
Disciplined & worry-free investing

  • Insurance Companies
  • Mutual Funds
Returns
Fund Name 3 Years 5 Years 10 Years
Top 200 Fund Tata AIA 23.15% 27.3%
19.47%
View Plan
Virtue II PNB Metlife 21.78% 23.76%
17.76%
View Plan
Pure Equity Birla Sun Life 18.83% 19.17%
16.34%
View Plan
Growth Opportunities Plus Fund Bharti AXA 17.85% 18.97%
15.65%
View Plan
Pure Stock Fund Bajaj Allianz 17.49% 18.39%
15.52%
View Plan
Blue Chip Fund HDFC Standard 14.09% 14.83%
12.85%
View Plan
Growth Super Fund Max Life 14.38% 15.26%
12.72%
View Plan
Multi Cap Growth Fund ICICI Prudential 15.63% 13.98%
12.51%
View Plan
Equity Fund SBI 14.73% 14.91%
12.42%
View Plan
Growth Plus Fund Canara HSBC Oriental Bank 12.78% 12.27%
10.7%
View Plan

Updated as of May 2024

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  Returns
Fund Name 5 Years 10 Years RSI
Active Fund QUANT 27.80% 23.96%
21.08%
Large and Mid Cap Fund QUANT 23.27% 22.69%
19.64%
Flexi Cap Fund PARAG PARIKH 23.90% 20.22%
20.15%
Large and Mid Cap Fund EDELWEISS 20.32% 18.01%
16.76%
Equity Opportunities Fund KOTAK 20.22% 18.98%
17.44%
Large and Midcap Fund MIRAE ASSET 21.11% 24.56%
23.01%
Flexi Cap Fund PGIM INDIA 21.48% -
15.13%
Flexi Cap Fund DSP 19.48% 17.73%
15.82%
Emerging Equities Fund CANARA ROBECO 18.91% 22.92%
20.84%
Focused fund SUNDARAM 18.22% 16.55%
15.16%

Updated as of May 2024

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What is the Bajaj Allianz SIP Plan?

The Bajaj Allianz SIP Plan is a Systematic Investment Plan offered by Bajaj Allianz Life Insurance Company Limited. With these investment plans, you can regularly invest a fixed amount of money in market-linked funds at regular intervals, typically monthly or quarterly. This allows you to build wealth over time by investing small amounts regularly rather than making a large lump sum investment.

The Bajaj Allianz SIP Plan provides you with the opportunity to invest in a variety of mutual fund schemes offered by Bajaj Allianz Life Insurance Company Limited based on your financial goals, risk tolerance, and investment horizon. It is designed to help you achieve your long-term financial goals, such as retirement planning, wealth creation, or education funding, by providing a disciplined and systematic approach to investing in investment funds through Unit Linked Insurance Plans or mutual fund schemes.

Top Bajaj Allianz SIP Plans in India in 2024

Bajaj company offers both ULIP funds and mutual funds through its Bajaj Allianz Life Insurance Company and Bajaj Mutual Fund House. You will learn some of the top market-linked SIP plans offered by Bajaj in 2024.

  1. Bajaj Allianz SIP Plans - ULIP Plans

    Following are the top market-linked funds offered under Bajaj ULIP Plans for SIP investment:

    Fund Name Risk Category 3 Years 5 Years RSI*
    Bajaj Life SmallCap Quality Index Fund High NFO NFO NFO
    Bajaj Life Midcap Index Fund High -- -- 17.2%
    Bajaj Life Small Cap Fund High -- -- 44.6%
    Bajaj Life Pure Stock Fund High 17.6% 16.7% 15.8%
    Bajaj Life Accelerator Mid-Cap Fund II High 19.1% 16.2% 14.7%
    Bajaj Life Bluechip Equity Fund High 15.7% 16% 10.9%
    Bajaj Life Pure Stock Fund II High 16.7% 15.5% 13.1%
    Bajaj Life Equity Growth Fund II High 13.6% 14.5% 14.1%
    Bajaj Life Asset Allocation Fund II High 11.3% 11.3% 11%
    Bajaj Life Bond Fund Moderate 5.4% 6.2% 8%
    Bajaj Life Liquid Fund Low 4.4% 3.9% 6.4%
    Bajaj Life Dynamic Asset Allocation Fund High -- -- 7.5%
    Bajaj Life Sustainable Equity Fund High -- -- 28.1%
    Bajaj Life Flexi Cap Fund High -- -- 23.7%

    *RSI: Returns Since Inception

  2. Bajaj SIP Plans - Mutual Funds

    Bajaj offers a wide range of best SIP plans to suit different investment goals and risk appetites. Some of them are as follows:

    Fund Name Risk Category 3 Months 6 Months RSI*
    Equity Funds
    Bajaj Flexi Cap Fund  Very High 8.20% 17.40% 18.40%
    Bajaj Finserv Large and Mid Cap Fund Very high -- -- 0.60%
    Debt Funds
    Bajaj Liquid Fund Low to Moderate 1.80% 3.60% 4.80%
    Bajaj Banking and PSU Fund Moderate 2.30% -- 3.00%
    Hybrid Funds
    Bajaj Balanced Advantage Fund Very High -- -- 5.90%
    Bajaj Arbitrage Fund Low 2.10% -- 3.70%

    *RSI: Returns Since Inception

People Also Read: Bajaj Allianz Life Dynamic Asset Allocation Fund

Details of Top Performing Bajaj Allianz SIP Plans – ULIP Plans

  1. Bajaj Life Midcap Index Fund

    The Bajaj Allianz Life Midcap Index Fund is an index fund offered by Bajaj Allianz Life Insurance. It is a Unit Linked Insurance Plan (ULIP) that invests in the Nifty Midcap 150 Index. The Nifty Midcap 150 Index is a stock market index that tracks the performance of 150 mid-sized companies in India.

    Features of Bajaj Life Midcap Index Fund:

    • Investment Objective: To provide capital appreciation by tracking the performance of the Nifty Midcap 150 Index.

    • Launch Date: November 28 2023

    • Asset Allocation: Equity (65 – 100%) and Money Market Instruments (0 – 35%)

    • Benchmark Index: Nifty Midcap 150

    • Assets Under Management (AUM): ₹ 138 Cr.

    • Fund Managers: Mr. Sampath Reddy & Mr. Abhay Moghe

    • Current NAV (as of March 19, 2024): ₹ 10.56

  2. Bajaj Life Pure Stock Fund

    The Bajaj Pure Stock Fund is a Unit Linked Insurance Plan (ULIP) offered by Bajaj Allianz Life Insurance. It is a multi-cap fund that invests in a diversified basket of stocks across market capitalizations, excluding certain sectors.

    Features of Bajaj Life Pure Stock Fund:

    • Investment Objective: To invest in stocks of companies across various sectors, excluding companies dealing in gambling, contests, liquor, entertainment (films, TV, etc.), hotels, banks, and financial institutions.

    • Launch Date: July 21, 2006

    • Asset Allocation: Equity (60 – 100%) and Money Market Instruments (0 – 40%)

    • Benchmark Index: NIFTY 50

    • Assets Under Management (AUM): ₹ 6,366 Cr.

    • Fund Managers: Mr. Sampath Reddy & Ms. Reshma Banda

    • Current NAV (as of March 19, 2024): ₹ 71.01

  3. Bajaj Life Accelerator Mid-Cap Fund II

    The Bajaj Allianz Life - Accelerator Mid Cap Fund II is a market-linked fund plan offered by Bajaj Allianz Life Insurance Company. It is an open-ended equity scheme that invests primarily in mid-cap companies in India.

    Features of Bajaj Life Accelerator Mid-Cap Fund II:

    • Investment Objective: To achieve long-term capital appreciation by investing predominantly in a basket of equity stocks of mid-cap and large-cap companies.

    • Launch Date: January 06, 2006

    • Asset Allocation: Equity (60 – 100%), Debt (0 – 20%), and Money Market (0 – 40%)

    • Benchmark Index: NIFTY Midcap 50 Index

    • Assets Under Management (AUM): ₹ 6,050 Cr.

    • Fund Managers: Mr. Sampath Reddy & Mr. Anshul Mishra

    • Current NAV (as of March 19, 2024): ₹ 71.01

  4. Bajaj Life Bluechip Equity Fund

    The Bajaj Bluechip Equity Fund is actually a Unit Linked Insurance Plan (ULIP) offered by Bajaj Allianz Life. The fund primarily invests in shares of large, well-established companies. These companies are generally considered to be less risky than smaller companies, but they also tend to offer lower potential returns.

    Features of Bajaj Life Bluechip Equity Fund:

    • Investment Objective: Capital appreciation by investing in a diversified basket of large-cap stocks.

    • Launch Date: November 01, 2010

    • Asset Allocation: Equity (60 – 100%) and Money Market (0 – 40%)

    • Benchmark Index: NIFTY 50

    • Assets Under Management (AUM): ₹ 1,050 Cr.

    • Fund Managers: Mr. Sampath Reddy & Ms. Reshma Banda

    • Current NAV (as of March 19, 2024): ₹ 40.19

  5. Bajaj Life Equity Growth Fund II

    The Bajaj Equity Growth Fund II is an investment option available within the Bajaj Allianz Life Future Gain II ULIP (Unit Linked Insurance Plan). The fund's portfolio typically consists of stocks across various sectors, selected based on their growth potential and fundamental strength.

    Features of Bajaj Life Equity Growth Fund II:

    • Investment Objective: The investment objective of this fund is to provide capital appreciation through investment in selected equity stocks that have the potential for capital appreciation. This means that the fund manager will invest your money in stocks of companies that they believe are likely to increase in value over time. 

    • Launch Date: January 06, 2010

    • Asset Allocation: Equity (60 – 100%) and Money Market (0 – 40%)

    • Benchmark Index: NIFTY 50

    • Assets Under Management (AUM): ₹ 4,737 Cr.

    • Fund Managers: Mr. Sampath Reddy & Ms. Reshma Banda

    • Current NAV (as of March 19, 2024): ₹ 64.90 

Benefits of Investing in Bajaj Allianz SIP Plans

Bajaj Allianz SIP Plans offer a number of benefits to its investors; some of them are as follows:

  • Disciplined Investing: Investing in SIPs (Systematic Investment Plans) promotes financial discipline by committing to regular investments. This helps avoid spending temptations and ensures consistent saving and investing habits.

  • Rupee-Cost Averaging: SIPs utilize rupee-cost averaging, meaning you buy more units when prices are low and fewer when prices are high, ultimately averaging out the investment cost over time.

  • Compounding of Money: The power of compounding is a significant advantage of SIPs, where returns generate further returns, accelerating long-term growth.

  • Flexibility of Investment: Bajaj Allianz SIP plans offer flexibility, allowing investors to choose funds according to their goals and risk tolerance. Additionally, they can start with small amounts and increase gradually.

  • Goal-based Investing: Bajaj Allianz SIP plans can be tailored to meet specific financial goals such as retirement planning, education fund for children, or buying a house.

  • Bajaj Allianz SIP Calculator: The SIP calculator for Bajaj Allianz SIP plans is an online financial tool that will help you to estimate the potential returns on your SIP investments.

  • Tax Benefits: Investments in Bajaj Allianz SIP plans qualify for tax deductions under Section 80C and Section 10(10D). This provides an opportunity to reduce your taxable income and save on taxes.

People also read: Bajaj Allianz Small Cap Quality Index Fund

In Summary

Bajaj Allianz SIP Plans offer a promising avenue for investors who seek disciplined wealth creation through systematic investments. With a diverse range of funds catering to varying risk appetites and financial goals, coupled with the benefits of rupee cost averaging and compounding, Bajaj Allianz SIP Plans stand out as a reliable option for long-term wealth accumulation.

Frequently Asked Questions

  • What is a Bajaj Allianz SIP plan?

    Bajaj Allianz offers Systematic Investment Plans (SIPs) that allow you to invest a fixed amount regularly in their market-linked funds. This disciplined approach to investing helps you build wealth over time.
  • What are the benefits of investing in a Bajaj Allianz SIP plan?

    Benefits include disciplined investing, potentially high returns, affordability due to small regular investments, and tax savings (subject to prevailing tax laws).
  • How can I start a Bajaj Allianz SIP plan?

    You can invest in a Bajaj Allianz SIP plan directly through the Policybazaar portal or through Bajaj Allianz website.
  • Is a Bajaj Allianz SIP plan good?

    SIP plans are suitable for various investor profiles. Consider your financial goals, risk tolerance, and investment horizon before choosing a plan.
  • What are the top five best-performing SIP funds in the Bajaj Allianz SIP plan?

    Listed below are the top best-performing funds.
    Funds Average Rate of Return (%)
    Equity Growth Fund II 13.54
    Accelerator Mid-Cap Fund II 12.73
    Pure Stock Fund II 8.23
    Pure Stock Fund 12.58
    Asset Allocation Fund II 4.42
  • How much wealth can I accumulate if I continuously invest INR 10,000 per month for ten years at an average rate of returns of 12 percent?

    An investor may accumulate INR 23,23,391 at the end of ten years by consistently investing INR 10,000 per month.
  • What key details do I require to fill in to get the actual return amount?

    An investor is required to select the monthly amount he is capable of paying along with the expected rate of return and time period.
  • Can I avail of tax benefits under the Bajaj Allianz SIP plan?

    An investor may avail of tax benefits under section 80 C of the Income Tax Act of 1961.
  • What are the funds I may consider to invest my savings?

    An investor may invest in equity, debt, and hybrid form of funds via SIP.

+For Mutual Fund midcap category Returns https://www.morningstar.in/tools/mutual-fund-category-performance.aspx & for Insurance midcap fund category Returns- https://www.morningstar.in/tools/insurance-fund-category-performance.aspx
*Past 10 Year annualised returns as on 01-12-2023
*All savings are provided by the insurer as per the IRDAI approved insurance plan. 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.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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