Bajaj Finserv’s unlisted insurance subsidiary -- Bajaj Allianz Life Insurance Company has launched a unique fund proposition in the ULIP segment ‘Dynamic Asset Allocation Fund’. Bajaj Allianz Life’s Dynamic Asset Allocation Fund offers customers the opportunity to allocate between equity and debt, dynamically. The benchmark index is Crisil Dynamic Asset Allocation Index (45% Equity, 45% Debt and 10% Liquid). The NFO period for Dynamic Asset Allocation fund ends on September 25, 2023.
The asset allocation (between debt and equity) of the fund will be more dynamic/active in nature. It is based on an in-house quantitative model with limited qualitative input from the fund manager and aims to optimize risk-return. This investment strategy will help to minimize volatility and downside risk during market corrections.
Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.
