Bajaj Allianz Life launches distinctive ULIP fund with dynamic asset allocation. Key issues to know

Bajaj Allianz Life has launched a novel fund proposition within the ULIP phase. Bajaj Allianz Life’s Dynamic Asset Allocation Fund affords clients the chance to allocate between fairness and debt, dynamically. The benchmark index is Crisil Dynamic Asset Allocation Index (45% Fairness, 45% Debt, and 10% Liquid). 

The asset allocation (between debt and fairness) of the fund might be extra dynamic/energetic in nature. It’s primarily based on an in-house quantitative mannequin with restricted qualitative enter from the fund supervisor and goals to optimize danger return. This funding technique will assist to reduce volatility and draw back danger throughout market corrections.

For instance: In a state of affairs, when market valuations get costlier, the fund will scale back fairness publicity. Alternatively, with extra enticing market valuations, it would improve fairness publicity. The asset allocation vary of the fund might be as follows:

Fairness and Fairness associated devices: 10%-90%;

Debt and Debt associated devices: 10%-90%;

Cash market instrument: 0%-80 %.

Sampath Reddy, Chief Funding Officer, Bajaj Allianz Life Insurance coverage, mentioned on the launch,

“Having been part of the trade for over three a long time, I’ve noticed {that a} widespread problem retail traders face is managing asset allocation independently, relying on altering market circumstances or outlook. We’re happy that Bajaj Allianz Life’s Dynamic Asset Allocation Fund, a big addition to our ULIP choices, will allow traders to seamlessly transfer their funds according to market tendencies. This characteristic goals to supply clients with peace of thoughts by dynamically dealing with asset allocation by way of a proprietary quantitative mannequin and insights from fund managers. With a disciplined strategy, the fund empowers traders on their path to reaching life targets.”

Bajaj Allianz Life Insurance coverage is certainly one of India’s main and fastest-growing personal life insurers. The corporate is a partnership between two highly effective and profitable entities in their very own proper – Bajaj Finserv Restricted, certainly one of India’s most diversified non-banking monetary establishments and Allianz SE, one of many world’s main asset supervisor and insurer. 

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Up to date: 02 Sep 2023, 06:28 AM IST


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