Bajaj Allianz Life introduced a ULIP linked to the Nifty 500 Multifactors 50 Index. The NFO is open until July 14.
Kochi: Bajaj Allianz Life has launched the Nifty 500 Multifactors 50 Index Fund. The New Fund Offer (NFO) will remain open until July 14.
The objective of this ULIP (Unit Linked Insurance Plan) is to provide both life insurance coverage and returns based on a multifactor-based equity index. The fund will follow the Nifty 500 Multifactors MQVL50 Index, which consists of 50 selected stocks from the Nifty 500.
The company stated that in today’s volatile market, this scheme offers a disciplined and smart investment opportunity. Srinivas Rao Ravuri, Chief Investment Officer of Bajaj Allianz Life Insurance, said they expect the scheme to serve as a strong long-term wealth creation avenue.
