Bajaj Life Insurance on Thursday launched the Nifty 500 Low Volatility 50 Index Fund under its ULIP.
The fund’s USP lies in its rules-based, passive strategy that selects 50 relatively stable stocks from the broader Nifty 500 universe, ensuring a diversified yet defensively positioned portfolio with a strong large-cap bias (79 per cent), while the remaining will be distributed across mid-cap and small-cap segments, the insurance major said in a statement.
Benchmarking against the Nifty 500 Low Volatility 50 Index, the fund aims to deliver steady compounding by reducing market fluctuations while maintaining exposure to India’s equity growth story.
The New Fund Offer will close on April 30.
Srinivas Rao Ravuri, Chief Investment Officer, Bajaj Life Insurance, said, “In an environment of heightened market uncertainty, we believe a low-volatility passive strategy offers a compelling proposition for long-term investors.