What is Aditya Birla Sun Life Insurance Nifty Midcap 150 Momentum 50 Index Fund NFO?
Aditya Birla Sun Life Insurance is launching a New Fund Offering (NFO) called the Nifty Midcap 150 Momentum 50 Index Fund, which will be open for subscription from 1st to 15th October 2024.
This fund aims to track the Nifty Midcap 150 Momentum 50 Index, which consists of 50 midcap companies selected for their strong price momentum. Midcap companies rank between 101 and 250 in market capitalization.
The ABSLI Nifty Midcap 150 Momentum 50 fund seeks to provide you with potentially higher returns by focusing on stocks with consistent price trends.
This new ABLSI NFO is an excellent opportunity for those looking to diversify their portfolios with promising midcap stocks.
Key Features of ABSLI Nifty Midcap Momentum 50 Fund
The following points list the key features of the Aditya Birla Sun Life Insurance Nifty Midcap 150 Momentum 50 Index Fund NFO:
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Historical Performance: The fund has shown strong past performance with a 5-year return of 37.0% and a 10-year return of 26.3%.
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No Fund Manager Bias: You can gain exposure to top mid-cap stocks without the influence of a fund manager's personal bias.
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Index Fund Benefits: The fund tracks the Nifty Midcap 150 Momentum 50 Index, ensuring no added risk or underperformance compared to the market.
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Exclusive Policybazaar Offer: You can invest in this Midcap Momentum new NFO with the ABSLI Wealth Smart Plus Plan, which is available at a lower cost of ₹2,000, exclusively through Policybazaar.
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NFO Launch Details: The New Fund Offer (NFO) is available from 1st to 15th October, with units priced at Rs. 10 NAV.
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Additional Features: ULIP options include Growth, Child (with Waiver of Premium), and Retirement plans, with Capital Guarantee Plans starting at Rs. 2,400.
How Does the ABSLI Mid Cap 150 Momentum 50 Index Fund Work?
You can learn the workings of the ABSLI Midcap Momentum Index Fund from the steps mentioned below:
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Uses Formula-Driven, Rule-Based Investing: The ABSLI Midcap Momentum Index Fund follows a clear formula to invest in the top 50 performing mid-cap stocks from the Nifty Midcap 150 Index, driven by AI and set rules.
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Selects Stocks Based on Momentum: The fund picks stocks based on their Momentum Score, which looks at their 6-month and 12-month price performance, adjusted for volatility.
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Focuses on Winning Stocks: The Midcap 150 Momentum 50 fund promotes stocks that perform well and removes those with poor returns, ensuring it focuses on stocks likely to continue growing.
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Replicates the Nifty Midcap 150 Momentum 50 Index: It mirrors the performance of the Nifty Midcap 150 Momentum 50 Index, which the NSE calculates and updates regularly.
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Rebalances Every 6 Months: The fund adjusts its portfolio every June and December to keep up with the updated momentum scores and stock performance.
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Targets High-Growth Mid-Cap Stocks: The ABSLI fund invests in mid-cap stocks with strong momentum, aiming to capture companies that have the potential to grow into large caps.
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Supports Other Financial Products: The Nifty Midcap 150 Momentum 50 Index also serves as a base for creating index funds, ETFs, and other financial products.
Performance of Nifty Midcap 150 Momentum 50 Index
| Index Name |
3-Year Returns |
5-Year Returns |
10-Year Returns |
| NIFTY Midcap 150 Momentum 50 |
31.4% |
37.0% |
26.3% |
| NIFTY Midcap 150 |
27.4% |
31.2% |
20.2% |
| NIFTY Smallcap 250 |
27.5% |
32.8% |
17.2% |
| NIFTY Smallcap 250 Quality 50 |
29.5% |
36.1% |
21.3% |
| NIFTY 50 |
15.4% |
19.4% |
13.6% |
[Source: nseindia.com]
If you had invested Rs 100 in the Nifty Midcap 150 Momentum 50 Index 10 years ago, it would have grown to Rs 1,030, showing a 10.3x increase. This demonstrates the strong potential of midcap companies with high price momentum to deliver solid returns.
About Aditya Birla Sun Life Insurance Company
Learn about the Aditya Birla Sun Life Insurance Company from the following points:
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Aditya Birla Capital and Sun Life are important companies in finance, where Aditya Birla have over 150 and Sun Life have 160 years of experience.
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Both companies are part of the Aditya Birla Group, which is worth about US$65 billion.
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They have 50,000 employees and a network of 200,000 agents and partners.
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Sun Life Financial started in 1865 and is a leading Canadian company with 85 million customers in 28 countries. It manages ₹90,682 crore in assets as of June 30, 2024.
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Aditya Birla Capital manages over ₹4.63 lakh crore in assets.
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They are trusted for life insurance, operating with more than 380 branches in India, and have 2 million active customers.
Historical Performance of Previously Launched ABSLI New Fund Offers:
| Fund Details |
ABSLI Multiplier Fund |
ABSLI Pure Equity Fund |
ABSLI Pure Growth Fund |
| Inception Date |
30 October 2007 |
9 March 2012 |
09 March 2012 |
| 5-Year Returns |
25.30% |
23.90% |
21.70% |
Steps to Invest in ABSLI Nifty Midcap Momentum 50 Index Fund NFO
You have to follow the steps mentioned below to start investing in ABSLI Nifty Midcap 150 Momentum 50 Index Fund:
Step 1: Start by entering your name and contact number in the form on this page.
NOTE: Your information remains confidential and will only help to customize your benefits.
Step 2: To explore available plans, click on "View Plans" below.
Step 3: After logging in, fill out the form with your city, age, and annual income to see personalized plan benefits.
Step 4: Once you provide your details, you will see Aditya Birla Sun Life Investment Plans displayed on blue cards. Choose the best investment option that best fits your needs, such as:
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ABSLI Capital Guarantee Solution
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ABSLI Capital Guarantee Plan - Waiver of Premium (WOP) Plan
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ABSLI Capital Guarantee Solution - Retirement Plan
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ABSLI Wealth Smart Plus Plan
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ABSLI Wealth Smart Plus - Waiver of Premium (WOP) Plan
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ABSLI Wealth Smart Plus - Whole Life Plan
Step 5: Click the "Get Details" tab for more information about the ABSLI Mid Cap Momentum Index Fund. You can also click the "Talk to an Expert" button for a free consultation.
Step 6: Carefully review the plan details. If you are satisfied, click "Proceed" and follow the on-screen prompts to continue with your purchase.
Step 7: Enter your necessary details and choose the amount you wish to invest. Then, select your preferred payment method.
Step 8: Provide your KYC (Know Your Customer) information to comply with regulations.
Step 9: Complete the payment process. Once your payment is successful, you will receive a confirmation of your purchase.
Benefits of Investing in ABSLI Nifty Mid Cap 150 Momentum 50 Fund
The benefits of investing in the ABSLI Nifty Midcap 150 Momentum 50 Index Fund are as follows:
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Convenience: Invest in the Aditya Birla Life Insurance Midcap 150 Momentum 50 Index Fund online, which saves you from trips to banks or insurance agents.
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Comparison: Use Policybazaar to compare different investment plans and new funds that ensure you find the best deal available.
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Expert Guidance: Rely on financial experts at Policybazaar to help you choose the right NFO plan that fits your needs and goals.
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Tax Advantages: Enjoy potential tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, and let Policybazaar help you optimize your financial planning.
Generate wealthEarn 1 Cr# in maturity with Zero LTCG tax¶
Double tax savings^On premiums (under 80C) and on maturity (under 10(10D))
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