SIP Insurance Plan Benefits
Start SIP with as low as ₹1000
No hidden charges
Save upto ₹46,800 in Taxunder section 80C^
Zero LTCG Tax¶
Disciplined & worry-free investing
What is the Bajaj Allianz SIP Plan?
The Bajaj Allianz SIP Plan is a Systematic Investment Plan offered by Bajaj Allianz Life Insurance Company Limited. With these investment plans, you can regularly invest a fixed amount of money in market-linked funds at regular intervals, typically monthly or quarterly. This allows you to build wealth over time by investing small amounts regularly rather than making a large lump sum investment.
The Bajaj Allianz SIP Plan provides you with the opportunity to invest in a variety of mutual fund schemes offered by Bajaj Allianz Life Insurance Company Limited based on your financial goals, risk tolerance, and investment horizon. It is designed to help you achieve your long-term financial goals, such as retirement planning, wealth creation, or education funding, by providing a disciplined and systematic approach to investing in investment funds through Unit Linked Insurance Plans or mutual fund schemes.
Top Bajaj Allianz SIP Plans in India in 2024
Bajaj company offers both ULIP funds and mutual funds through its Bajaj Allianz Life Insurance Company and Bajaj Mutual Fund House. You will learn some of the top market-linked SIP plans offered by Bajaj in 2024.
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Bajaj Allianz SIP Plans - ULIP Plans
Following are the top market-linked funds offered under Bajaj ULIP Plans for SIP investment:
| Fund Name |
Risk Category |
3 Years |
5 Years |
RSI* |
| Bajaj Life SmallCap Quality Index Fund |
High |
NFO |
NFO |
NFO |
| Bajaj Life Midcap Index Fund |
High |
-- |
-- |
17.2% |
| Bajaj Life Small Cap Fund |
High |
-- |
-- |
44.6% |
| Bajaj Life Pure Stock Fund |
High |
17.6% |
16.7% |
15.8% |
| Bajaj Life Accelerator Mid-Cap Fund II |
High |
19.1% |
16.2% |
14.7% |
| Bajaj Life Bluechip Equity Fund |
High |
15.7% |
16% |
10.9% |
| Bajaj Life Pure Stock Fund II |
High |
16.7% |
15.5% |
13.1% |
| Bajaj Life Equity Growth Fund II |
High |
13.6% |
14.5% |
14.1% |
| Bajaj Life Asset Allocation Fund II |
High |
11.3% |
11.3% |
11% |
| Bajaj Life Bond Fund |
Moderate |
5.4% |
6.2% |
8% |
| Bajaj Life Liquid Fund |
Low |
4.4% |
3.9% |
6.4% |
| Bajaj Life Dynamic Asset Allocation Fund |
High |
-- |
-- |
7.5% |
| Bajaj Life Sustainable Equity Fund |
High |
-- |
-- |
28.1% |
| Bajaj Life Flexi Cap Fund |
High |
-- |
-- |
23.7% |
*RSI: Returns Since Inception
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Bajaj SIP Plans - Mutual Funds
Bajaj offers a wide range of best SIP plans to suit different investment goals and risk appetites. Some of them are as follows:
| Fund Name |
Risk Category |
3 Months |
6 Months |
RSI* |
| Equity Funds |
| Bajaj Flexi Cap Fund |
Very High |
8.20% |
17.40% |
18.40% |
| Bajaj Finserv Large and Mid Cap Fund |
Very high |
-- |
-- |
0.60% |
| Debt Funds |
| Bajaj Liquid Fund |
Low to Moderate |
1.80% |
3.60% |
4.80% |
| Bajaj Banking and PSU Fund |
Moderate |
2.30% |
-- |
3.00% |
| Hybrid Funds |
| Bajaj Balanced Advantage Fund |
Very High |
-- |
-- |
5.90% |
| Bajaj Arbitrage Fund |
Low |
2.10% |
-- |
3.70% |
*RSI: Returns Since Inception
People Also Read: Bajaj Allianz Life Dynamic Asset Allocation Fund
Benefits of Investing in Bajaj Allianz SIP Plans
Bajaj Allianz SIP Plans offer a number of benefits to its investors; some of them are as follows:
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Disciplined Investing: Investing in SIPs (Systematic Investment Plans) promotes financial discipline by committing to regular investments. This helps avoid spending temptations and ensures consistent saving and investing habits.
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Rupee-Cost Averaging: SIPs utilize rupee-cost averaging, meaning you buy more units when prices are low and fewer when prices are high, ultimately averaging out the investment cost over time.
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Compounding of Money: The power of compounding is a significant advantage of SIPs, where returns generate further returns, accelerating long-term growth.
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Flexibility of Investment: Bajaj Allianz SIP plans offer flexibility, allowing investors to choose funds according to their goals and risk tolerance. Additionally, they can start with small amounts and increase gradually.
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Goal-based Investing: Bajaj Allianz SIP plans can be tailored to meet specific financial goals such as retirement planning, education fund for children, or buying a house.
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Bajaj Allianz SIP Calculator: The SIP calculator for Bajaj Allianz SIP plans is an online financial tool that will help you to estimate the potential returns on your SIP investments.
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Tax Benefits: Investments in Bajaj Allianz SIP plans qualify for tax deductions under Section 80C and Section 10(10D). This provides an opportunity to reduce your taxable income and save on taxes.
People also read: Bajaj Allianz Small Cap Quality Index Fund
In Summary
Bajaj Allianz SIP Plans offer a promising avenue for investors who seek disciplined wealth creation through systematic investments. With a diverse range of funds catering to varying risk appetites and financial goals, coupled with the benefits of rupee cost averaging and compounding, Bajaj Allianz SIP Plans stand out as a reliable option for long-term wealth accumulation.
