HDFC Life launched a new investment opportunity - the HDFC Life Nifty Alpha 30 Fund. This passively managed fund tracks the NIFTY 200 Alpha 30 Index, which focuses on a select group of 30 large-cap companies on the NSE with a history of outperforming the market. By investing in this fund, you aim to capture above-average market returns. The NFO is open for investment from July 16 to July 31, 2024.
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Plans starting from₹1000/month
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Investment Plans
Generate wealthEarn 1 Cr# in maturity with Zero LTCG tax¶
Double tax savings^On premiums (under 80C) and on maturity (under 10(10D))
The HDFC Life Nifty 200 Alpha 30 Fund is a passively managed fund designed to mirror the performance of the Nifty 200 Alpha 30 Index. This index focuses on 30 large companies listed on the NSE that have historically outperformed the broader Nifty 200. This HDFC Life NFO 2024, starting on July 16 and ending on July 31, 2024, aims to provide you with returns that mirror the performance of the NIFTY 200 Alpha 30 Index.
In simpler terms, this fund offers you a chance to invest in a basket of India's high-performing large companies, potentially benefiting from their combined growth.
Important Dates: You can invest in HDFC Life Nifty Alpha 30 Fund NFO between 16 July 2024 and 31 July 2024.
Highlights of HDFC Life NIFTY 200 Alpha 30 Fund
Particulars
Details
Benchmark Index
NIFTY 200 Alpha 30 Index
Benchmark Index Returns
10-Year Returns: 25.5% p.a.
Risk Profile
High
NFO Launch Date
16th July
NFO Duration
16th-31st July 2024
Current NAV
Rs. 10
Minimum Investment
Rs. 2,000 per month
[Source: nseindia.com] Data updated as of June 28, 2024.
Reasons Why You Should Invest in HDFC Life NIFTY 200 Alpha 30 Fund
Here are the top reasons why considering the HDFC Life Nifty Alpha 30 Fund can be a smart move:
Exceptional Performance: With an impressive 10-year return rate of 25.5%, this fund stands tall as one of the best-performing funds in the market.
Comprehensive Coverage: The fund offers popular Premium Payment Term (PPT) and Policy Term (PT) combinations. Starting at an affordable price of Rs. 2000, investors can enjoy peace of mind knowing their financial well-being is protected while they focus on maximizing returns.
Secure Investment Partner: Backed by HDFC Life, a leading name in the Indian insurance sector, brings its experience and financial strength to the table. Their plan structure provides a layer of life insurance coverage, offering peace of mind for you and your loved ones.
Cost-Effective Approach: The HDFC Life Nifty Alpha 30 Fund is passively managed and tracks an index. This means lower expense ratios compared to actively managed funds. Lower fees can significantly impact your returns in the long run.
Diversification Built In: Don't put all your eggs in one basket. This fund offers diversification across 30 companies, spanning both large-cap and mid-cap segments. This helps spread your risk and reduces the impact of any single company's performance on your overall investment.
Plans You Can Consider Under HDFC Life NIFTY 200 Alpha 30 Fund
HDFC Life Click 2 Invest (Min Premium: 2,000) HDFC Life Sampoorn Nivesh (Min Premium: 2,000)
HDFC Life Sampoona Nivesh – Classic Waiver (Min Premium: 2,000)
HDFC Life Click 2 Wealth- Golden Years (Min Premium: 2,000)
*You can use an SIP Calculator to estimate your returns from regular contributions in these investment plans.
What is the NIFTY 200 Alpha 30 Index?
The Nifty 200 Alpha 30 is a stock market index that tracks the performance of 30 large-cap companies listed on the National Stock Exchange of India (NSE). Here's a breakdown of the index:
Selection:
Companies are chosen from the Nifty 200 index based on a metric called Jensen's Alpha.
Jensen's Alpha measures a stock's performance relative to the overall market after accounting for its beta (volatility).
Weighting:
The weight of each stock in the Nifty 200 Alpha 30 is based on its Jensen's Alpha score.
Companies with higher alpha scores have a greater influence on the index's performance.
Capping:
To prevent any single company from dominating the index, there's a cap on the weightage of each stock.
The maximum weight is capped at the lower of 5% or 5 times the weight of the stock in the Nifty 200 based on just its market capitalization.
Rebalancing:
The index is rebalanced quarterly to reflect changes in the companies' alpha scores and market conditions.
Sector Representation of the NIFTY 200 Alpha 30
Top Sectors
Weightage (%)
Capital Goods
26.44
Financial Services
16.43
Automobile and Auto Components
9.82
Healthcare
9.38
Oil, Gas & Consumable Fuels
6.91
Telecommunication
6.34
Services
5.18
Consumer Services
5.10
Consumer Durables
4.59
Metals & Mining
3.71
Information Technology
3.11
Power
2.98
[Source: nseindia.com] Data updated as of June 28, 2024.
Companies of NIFTY 200 Alpha 30
Performance of NIFTY 200 Alpha 30
Index Name
3-Year Returns
5-Year Returns
7-Year Returns
NIFTY 200 Alpha 30
32.28%
30.49%
23.80%
NIFTY 200
17.50%
18.67%
14.95%
NIFTY 50
14.93%
16.68%
14.18
[Source: nseindia.com] Data updated as of June 28, 2024.
NIFTY 200 Alpha 30 – Performance Comparison
Investment Growth of Rs 100 over a 10-year period (ended June 2024)
How to Buy HDFC Life NIFTY 200 Alpha 30 Fund from Policybazaar?
To buy the HDFC Life Nifty Alpha 30 Fund from Policybazaar, follow these steps:
Step 1: Fill in your name and contact number in the form on this page to get started.
Note: Your details are kept confidential and will only be used to customize your benefits.
Step 2: You can also visit the plans just by clicking view plans below
Step 3: Once logged in, you'll be prompted to fill in your city, age, and annual income in the provided form. This information will be used to check the personalised benefits of the plans.
Step 4: After providing your personal information, you'll be presented with HDFC Life Investment Plans on a blue and red card. Select the HDFC Life Nifty Alpha 30 Fund option that best suits your needs from the following options:
Step 5: In the HDFC Life Nifty Alpha 30 Fund click the "Get Details" tab for more information.
You can also get FREE expert consultation; just click on the talk to an expert button.
Step 6: Review the details of the plan carefully. Once satisfied, click on the "Proceed" button and follow the prompts on the screen to move forward with the purchase.
Step 7: You will be prompted to enter essential details and specify the amount you want to invest. Select the preferred mode of payment for your investment.
Step 8: Provide your required KYC (Know Your Customer) details. This step is essential for regulatory compliance.
Step 9: Complete the payment process. Upon successful payment, you will receive confirmation of your purchase.
Previous New Fund Offerings by HDFC Life
Below are the top two NFOs by HDFC Life:
HDFC Life Midcap Momentum Fund
The HDFC Life Midcap Momentum Fund is an NFO offered by HDFC Life Insurance. It focuses on investing in mid-cap stocks with high growth potential. The aim is long-term capital appreciation by investing in the top 50 mid-cap companies based on momentum score. HDFC Life Midcap Momentum Fund follows a momentum investing strategy, targeting stocks with strong recent performance expected to continue growing. It tracks the Nifty Midcap 150 Momentum 50 benchmark index for stock selection.
HDFC Life Flexi Cap Fund
The HDFC Life Flexi Cap Fund is an NFO by HDFC Life. It falls under the category of a flexi-cap fund, which means it has the flexibility to invest across the market capitalization spectrum. This includes large-cap, mid-cap, and small-cap funds. The fund uses a dynamic asset allocation strategy, which means that the asset allocation between equity and debt is adjusted based on the market outlook. This helps to reduce risk and maximize returns over the long term.
The fund is also eligible for tax benefits under Section 80C of the Income Tax Act, 1961. This means that investors can deduct up to ₹1.5 lakhs from their taxable income for the amount invested in the fund.
What are the Benefits of Purchasing the HDFC Life NIFTY 200 Alpha 30 Fund from Policybazaar?
Investing through Policybazaar offers a range of valuable benefits:
Convenience: With Policybazaar, you can invest in the HDFC Life Nifty 200 Alpha 30 Fund online, eliminating the need for physical visits to banks or insurance agents.
Comparison: Policybazaar provides a platform to compare various investment plans, including new funds. This ensures that you have all the necessary information to make an informed decision and secure the best deal available in the market.
Expert Guidance: Policybazaar boasts a team of financial experts who are ready to assist you in selecting the most suitable NFO plan based on your specific requirements and financial goals.
Tax Advantages: Investing in the HDFC Life Nifty Alpha 30 Fund through Policybazaar can lead to tax benefits under Section 80C and Section 10(10D) of the Income Tax. The platform helps you understand and navigate the potential tax advantages associated with your investment, optimizing your financial planning.
FAQs
Under which plan can we avail ourselves of the benefits of the HDFC Life Nifty Alpha 30 Fund?
The HDFC Life Nifty Alpha 30 Fund is available with the following investment plans offered by HDFC Life:1. HDFC Life Sampoona Nivesh 2. HDFC Life Click 2 Invest3. HDFC Life Click 2 Wealth
Is it good to invest in the HDFC Life Nifty Alpha 30 Fund?
The HDFC Life Nifty Alpha 30 Fund is a good investment option because the fund tracks companies with a history of exceeding the broader market (Nifty 200). By focusing on Alpha stocks, it aims to deliver returns that beat the average. This can be attractive for investors seeking to maximize their growth potential.
Who should invest in the HDFC Life Nifty Alpha 30 Fund?
The following category of investors might be suitable for investing in HDFC Life Nifty Alpha 30 Fund: Investors with a high-risk appetite Investors with a long-term investment horizon Investors seeking diversification Investors with belief in the effectiveness of momentum investing Investors who believe in the potential of mid-cap stocks
How does the HDFC Life Nifty Alpha 30 Fund benchmark its performance?
The HDFC Life Nifty Alpha 30 benchmarks its performance against the NIFTY 200 Alpha 30 Index.
What are the tax implications under the HDFC Life Nifty Alpha 30 Fund?
You can avail of the following tax benefits of investing in the HDFC Life Nifty Alpha 30: Section 80C Advantage: You can claim tax benefits under Section 80C of the Income Tax Act, 1961. It allows a deduction of up to Rs. 1.5 lakhs from taxable income for the invested amount in HDFC Life. Section 10(10D) Benefits: You can utilize Section 10(10D) benefits for your investments in HDFC Life New Fund Offering (NFO). This benefit is applicable if the annual premium paid is below Rs. 2.5 lakh.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in *Past 10 Year annualised returns as on 01-12-2024 *All savings plans are provided by the insurer as per the IRDAI approved insurance plan.
Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs. **Returns are based on past 10 years' fund performance data (Fund Data Source: Value Research).
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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