Bajaj Allianz Life has launched the country’s first small-cap fund in the ULIP segment.
Offers customers the opportunity to achieve capital appreciation by investing in a diversified portfolio of small-cap stocks.
The benchmark index is the Nifty Small Cap 100 index.
The NFO period for Bajaj Allianz Life’s small-cap fund ends on May 23, 2023.
Bajaj Allianz Life Small Cap Fund will invest a minimum of 60 percent in small-cap stocks.
And market-cap exposure is based on equity exposure re-scaled to 100 percent.
The small-cap fund category has seen significant traction from investors in the other financial saving avenues, over the past few years. Small-cap equity funds have managed to outperform the benchmark Nifty Small Cap 100 index by a significant margin over the long term. Nifty Small-cap 100 index valuation has moderated from its highs and is now below the long-term average.