What is the Canara HSBC Life Midcap Momentum Fund?
Canara HSBC Life Mid Cap Momentum Growth Fund is a New Fund Offering (NFO) by Canara HSBC Life Insurance Company Limited. An NFO is a first time offering of a newly launched market-linked fund by an insurance company.
This fund focuses on investing in mid-cap stocks that demonstrate strong momentum, which means they have the potential to grow rapidly based on their recent performance trends.
The goal of this fund is to provide you with the opportunity to participate in the growth potential of mid-sized companies that are expected to outperform the market in the near future.
Reasons Why You Should Invest in Canara HSBC Life Midcap Momentum Growth Fund
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Impressive Returns: This investment option boasts a remarkable 29.2%++ benchmark return over a span of five years.
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Managerial Neutrality: Invest in the top 50 companies within the mid-cap universe without being influenced by any fund manager biases.
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Zero Charges: You can enjoy the benefits of the Canara HSBC Midcap Momentum Fund under the Promise4Growth market-linked investment plans at zero charges.
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Varied Goals Covered: Whether it is growth, securing your child's future, or planning for retirement, Canara HSBC Life Midcap Momentum Fund has got you covered. You can buy these plans at a minimal premium of ₹2,000 per month.
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Flexible Investment: Canara HSBC investment plans offer you the flexibility to invest according to your budget in montly, half-yearly, or annual frequency as per your different financial goals.
++Returns as on 27/03/2024. Data Source-https://www.niftyindices.com/reports/historical-data
What is the NIFTY Midcap 150 Momentum 50 Index?
The NIFTY Midcap 150 Momentum 50 Index is a stock market index that tracks the performance of 50 mid-sized companies in India. These companies are selected from a wider pool of 150 mid-cap stocks based on a momentum score.
Performance of NIFTY Midcap 150 Momentum 50 Index
| Index Name |
3-Year Returns |
5-Year Returns |
10-Year Returns |
NIFTY Midcap 150
Momentum 50 |
30.80% |
29.20% |
26.90% |
| NIFTY Midcap 150 |
23.50% |
24.40% |
21.70% |
| NIFTY Smallcap 250 |
25.50% |
24.90% |
19.90% |
| NIFTY 50 |
14.80% |
15.30% |
13.40% |
Returns updated as of March 2024
Differences Between Index Funds and Actively Managed Funds
| Parameter |
Index Fund |
Actively Managed Funds |
| Performance |
Mimic Benchmark |
It may or may not beat the benchmark |
| Risk Profile |
No Added Risk |
Might have risks depending on the performance |
| Stock picking |
Copy the benchmark |
May have more concentrated positions |
| Underperforming the market |
No |
Yes |
| Potential Investment Bias |
No |
Yes |
So, investing in an Index Fund allows you to sit back, relax and earn. This is the best opportunity to get returns as high as Index Funds!
Canara HSBC Child Plans
Canara HSBC Child Plans are insurance policies offered by Canara HSBC Life Insurance specifically designed to help you save for your child's future education.
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Canara HSBC Waiver of Premium (WOP) Capital Guarantee Solution
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Canara HSBC Promise4Growth Care WOP Child Plan
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Plan Type: Capital Guarantee Solution Plan (includes features of both ULIP and Traditional Plans)
Key Benefits of Waiver of Premium Option:
If the parent dies, the plan provides the following benefits:
- The insurance company will pay all future premiums for both ULIP & traditional policy in the capital guarantee plan capital guarantee plan.
- The maturity value payout of both ULIP & traditional policy is ensured.
- The maturity value is paid out at the end of the policy term.
- All nominee options are available.
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- Plan Type: Unit Linked Insurance Plan (ULIP)
- Life Assured and Proposer: Parent
Key Benefits of Waiver of Premium Option:
If the parent dies, the plan provides the following benefits:
- Waiver of Premium starts.
- The insurance company pays future premiums for your policy.
- Life covers payout in case of the parent's death.
- The maturity value is paid out at the end of the policy term.
- All nominee options are available.
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Benefits of Purchasing the Canara HSBC Life Midcap Momentum Growth Fund from Policybazaar
Following are the key benefits of buying the Canara HSBC Life Mid Cap Momentum Growth Fund from Policybazaar:
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Convenient Online Investing: Policybazaar enables you to invest in the new Canara HSBC Life Momentum Growth Index Fund through its online Canara HSBC investment plans, which eliminates the need to physically visit your agent.
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Comparison Options: With Policybazaar, you can compare different plans and fund performances, empowering you to make well-informed investment decisions.
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Platform convenience: You can manage your investments through a single platform.
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Financial advisors: Policybazaar might connect you with financial advisors who can help you choose the right investment plan for Canara HSBC Life Midcap Momentum Growth Fund NFO.
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Tax Savings: You can invest in a chosen Canara HSBC Savings Plan for Canara HSBC Life Midcap Momentum Growth Index NFO through Policybazaar and explore potential tax benefits, aiding in effective financial planning.
Investment Methodology of Nifty Mid Cap 150 Momentum 50 Index
The NIFTY Midcap 150 Momentum 50 Index focuses solely on the top 50 performing stocks from the Mid Cap 150 index. The investment methodology followed is mentioned below:
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Rule-Based Investing: Utilizes a formula or AI system to make buying and selling decisions based on the last 6- and 12-month returns.
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Winner's Promotion, Loser's Demotion: Includes stocks showing strong performance while removing those with comparatively poor returns within a set timeframe.
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Index Declaration by NSE, Replication by Canara: The index is declared by NSE, and Canara replicates it. Rebalancing of the index occurs every 6 months in June and December.
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Impressive Historical Returns: The 10-year return stands at 26.9%++, while the 5-year return is at 29.2%++.
++Returns as on 27/03/2024.
Data Source-https://www.niftyindices.com/reports/historical-data
Sectors Included on NIFTY Mid Cap 150 Momentum 50 Index
| Sector |
Weightage (%) |
| Financial Services |
28.19 |
| Healthcare |
19.61 |
| Capital Goods |
16.23 |
| Realty |
9.01 |
| Metals & Mining |
6.22 |
| Automobile and Auto Components |
5.72 |
| Information Technology |
4.87 |
| Chemicals |
4.30 |
| Power |
3.80 |
| Textiles |
0.66 |
| Construction Materials |
0.62 |
| Media, Entertainment & Publication |
0.48 |
| Consumer Durables |
0.30 |
[Source: nseindia.com] Data updated as of Mar 28, 2024
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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