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In this policy, the investment risks in the investment portfolio is borne by the policyholder.
This fund is only available with selected Unit Linked Life Insurance plans.
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What is New Fund Launch?
New Fund Launch in the context of life insurance, refers to the option to invest in a new fund or security as part of the investment component of a unit linked life insurance policy. Policyholders who choose a ULIP benefit from life insurance coverage while also having the opportunity to invest in market-linked assets. They have the flexibility to allocate a portion of their premiums to various investment options, allowing them to balance their insurance needs with their investment goals. These funds, managed by investment professionals can include a variety of asset classes such as stocks, bonds, and money market instruments.
New Fund Launch in life insurance offers life cover along with several investment benefits. Thus, there is security for the beneficiaries and possibility of capital appreciation as well, over long term.
Understanding the Basics
What is the objective of HDFC Life Nifty Alpha 30 fund~?
The Fund aims to generate long-term capital appreciation from a portfolio that is aligned to constituents of Nifty 200 Alpha 30 index which consists of 30 stocks selected from Nifty 200 stocks based on Jensen’s Alpha. The weight of the stock in the index is further based only on free float market capitalization.
What will be the benchmark? What does the benchmark signifies?
Benchmark for the Fund is Nifty 200 Alpha 30 Index. The Nifty200 Alpha 30 index consists of 30 stocks selected from its parent Nifty 200 based on ‘Jensen’s Alpha’. Jensen's alpha is a performance metric that measures an investment excess return when compared to the market. The weight of stocks in the index is based on their alpha scores. Stock weights are capped at the lower of 5% or 5 times the weight of the stock in the index based only on free float market capitalization.
How is the index different from Nifty 200 index?
The index chooses to invest in the top 30 companies within the Nifty 200 index based on alpha score. The alpha strategy is based on a simple idea that stocks which have performed well in the recent past would potentially continue to perform well. On the other hand, stocks which have performed poorly in the recent past would potentially continue to perform badly, hence proposing to potentially buying past winners and selling past losers. It is a risk-adjusted performance measure that compares the return of a portfolio or investment, above or below predicted by the capital asset pricing model (CAPM).
On the other hand, companies in the Nifty 200 index are purely based on free float market capitalization.
What is the investment philosophy of launching this fund?
The fund largely follows an Alpha strategy of investing and invests across market capitalisations. Alpha Investing, that is rule-based investing system that invests in companies that have been doing well in terms of stock performance and select those potential outperformers. In simple terms, investing into winners and weeding out the losers. Outperforming stocks generally attract more investors, and this trend further solidifies, these stocks potentially outperform the broad large cap and midcap index over a longer time frame.
Top reasons for customers to invest in this fund?
- Proven Track Record: The Nifty 200 Alpha 30 has a track record that speaks for itself. It boasts an impressive 10-year benchmark return of 23.5%. This consistent performance level indicates stability and reliability, making it an attractive option.
Time Period |
Nifty 200 Alpha 30 |
Nifty 200 |
1 yr |
76.4% |
34.4% |
3 yrs |
31.3% |
17.7% |
5 yrs |
29.3% |
17.4% |
7 yrs |
23.3% |
14.9% |
10 yrs |
23.5% |
13.3% |
15 Yrs |
21.4% |
12.8% |
Since Inception |
18.7% |
13.7% |
Prices are based on 30thJune, 2024
Source: https://www.niftyindices.com/Factsheet/Factsheet_Nifty200Alpha30.pdf and https://www.niftyindices.com/Factsheet/ind_nifty_200.pdf
- Diversification: Diversification means spreading your capital among various sectors and stocks. Since the fund invest in portfolio of stocks into various sectors and stocks, it reduces the risk of concentration into single stock or sector. All the sectors do not outperform / underperform at the same time. Every sector has its own market dynamics and sector tailwinds / headwinds do not always coincide with market up-cycle / down-cycle.
What are the historical returns of this index? How does it compare with Nifty 200?
Time Period |
Nifty 200 Alpha 30 |
Nifty 200 |
1 yr |
76.4% |
34.4% |
3 yrs |
31.3% |
17.7% |
5 yrs |
29.3% |
17.4% |
7 yrs |
23.3% |
14.9% |
10 yrs |
23.5% |
13.3% |
15 Yrs |
21.4% |
12.8% |
Since Inception |
18.7% |
13.7% |
Returns are based on 30thJune, 2024
Source: https://www.niftyindices.com/Factsheet/Factsheet_Nifty200Alpha30.pdf and https://www.niftyindices.com/Factsheet/ind_nifty_200.pdf
Unit linked funds are subject to market risk and there is no assurance or guarantee that the objective of the fund will be achieved. Past performance of the funds does not indicate the future performance of the same.
The Nifty 200 Alpha 30 has a track record that speaks for itself. It boasts an impressive 10-year benchmark return of 23.5%. This strategy has out-performed the Nifty 200 stock index over the short and long term horizons.
Sector allocation split2
Sector |
Weight(%) |
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 |
5.1 |
Consumer Durables |
4.59 |
Metals & Mining |
3.71 |
Information Technology |
3.11 |
Power |
2.98 |
As on 30thJune, 2024
So, as per NIC (National Industrial Classification) classification, all the sectors remain within the limits specified by IRDAI
Source: https://www.niftyindices.com/Factsheet/Factsheet_Nifty200Alpha30.pdf
~ HDFC Life Nifty Alpha 30 Fund is benchmarked to Nifty 200 Alpha 30 Index. IRDAI (Actuarial, Finance and Investment Functions of Insurers), 2024 regulations and guidelines shall apply.
1. Opt for Settlement Option to receive maturity benefit in periodical installments.
2. Sector Allocation Split is for Index Variant: Nifty 200 Alpha 30 Index.
3. As per Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
8. Assured maturity benefit will be paid only on policy maturity provided all due premiums have been paid and will not apply on death or surrender.
13. Sum Assured multiple up to 100x depending upon entry age, premium payment term & policy term
For more details on the risk factors, terms and conditions and products offered, please visit our website www.hdfclife.com. This fund is available with HDFC Life Smart Protect Plan (UIN: 101L175V03), HDFC Life Sampoorn Nivesh (UIN: 101L103V03), HDFC Life Click 2 Wealth (UIN: 101L133V03), HDFC Life Click2Invest ULIP (UIN: 101L100V05).
Life Insurance Coverage is available in this product. The unit linked insurance products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in unit linked insurance products completely or partially till the end of fifth year. Unit Linked Funds are subject to market risks and there is no assurance or guarantee that the objective of the investment fund will be achieved.
The premium shall be adjusted on the due date even if it has been received on advance. Unit Linked Insurance Products (ULIPS) are different from the traditional insurance products and are subject to the risk factors. The premium paid in the Unit Linked Life Insurance Policies is subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Please know the associated risks and the applicable charges, from your insurance agent or the intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale. The name of the company, name of the brand and name of the contract does not in any way indicate the quality of the contract, its future prospects or returns.
ARN - MC/07/24/13123