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In Unit Linked policies, the investment risk in investment portfolio is borne by the policyholder. ...Read More
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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 offer several investment benefits along with life cover. 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 Top 500 Momentum 50~?
The Fund aims to generate long-term capital appreciation from a portfolio that is aligned to constituents of index which consists of 50 stocks selected from top 500 stocks based on Momentum score. 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?
The Nifty 500 Momentum 50 Index aims to track the performance of the top 50 companies within the Nifty 500 selected based on their Normalized Momentum Score. The investment is into the companies that have been performing well both with respect to price as well investors’ appetite towards them, thereby generating much higher alpha compared to Nifty 500 index.
Stock weights are based on a combination of the stock’s Normalized Momentum Score and its free-float market capitalization.
How is the index different from Nifty 500 index?
The index chooses to invest in the top 50 companies within the Nifty 500 index based on momentum score. The companies in the index are selected based on on its 6-month and 12-month price return, adjusted for volatility. Stock weights are based on a combination of the stock’s Normalized Momentum Score and its free-float market capitalization. On the other hand, companies in the Nifty 500 index are purely based on free float market capitalization.
What is the investment philosophy of launching this fund?
The fund largely follows a Momentum strategy investing and invests across market capitalisations. The Nifty 500 index invests in wide range of stocks and has higher component towards midcap and small capitalisation companies compared to other large cap indices. It also offers wide range compounding opportunities as few companies in the mid and small companies of todays’ would become larger cap companies of tomorrows. The investment philosophy is to combine the same with Momentum Investing that is rule-based investing system. Momentum investing is based on the investing into stocks that have been doing well in the past. Outperforming stocks generally attract more investors and this trend further solidifies, these stocks potentially outperform further.
Top reasons for customers to invest in this fund?
Proven Track Record: The Nifty 500 Momentum 50 has a track record that speaks for itself. It boasts an impressive 10-year benchmark return of 22.7%. This consistent performance level indicates stability and reliability, making it an attractive option
Nifty 500 momentum 50 Index, has generated higher returns than both Midcap and Large cap indices over 1Y / 3Y / 5Y / 10Y periods
Period |
NIFTY 500 MOMENTUM 50 |
NIFTY 500 |
1 year |
64.2% |
40.2% |
3 years |
28.0% |
17.2% |
5 years |
33.7% |
21.0% |
7 years |
24.1% |
16.0% |
10 years |
22.7% |
14.2% |
15 years |
22.2% |
12.5% |
Since inception |
23.7% |
14.2% |
Source: https://www.niftyindices.com/Factsheet/FactsheetNifty500Momentum50.pdf and
https://www.niftyindices.com/Factsheet/ind_nifty_500.pdf
* Prices are based on 30th Sep, 2024
Momentum investment: Momentum investing broadly means investing into stocks that have been performing well both in terms of price and company performance and it often leads to higher returns particularly during bull markets. Momentum investing is based on the investing into stocks that have been doing well in the past. Outperforming stocks generally attract more investors and this trend further solidifies, these stocks potentially outperform the broad large and midcap indices further.
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 upcyle / downcycle.
What are the historical returns of this index? How does it compare with Nifty 500?
Nifty 500 momentum 50 Index, has generated higher returns than both Midcap and Large cap indices over 1Y / 3Y / 5Y / 10Y periods
Period |
NIFTY 500 MOMENTUM 50 |
NIFTY 500 |
1 year |
64.2% |
40.2% |
3 years |
28.0% |
17.2% |
5 years |
33.7% |
21.0% |
7 years |
24.1% |
16.0% |
10 years |
22.7% |
14.2% |
15 years |
22.2% |
12.5% |
Since inception |
23.7% |
14.2% |
Source: https://www.niftyindices.com/Factsheet/FactsheetNifty500Momentum50.pdf and
https://www.niftyindices.com/Factsheet/ind_nifty_500.pdf
* Prices are based on 30th Sep, 2024
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.
Sector allocation split2
Sector Representation |
Sector Weight(%) |
Capital Goods |
30.88 |
Financial Services |
15.99 |
Automobile and Auto Components |
15.51 |
Power |
10.21 |
Consumer Services |
6.72 |
Services |
4.71 |
Consumer Durables |
3.93 |
Construction |
2.92 |
Metals & Mining |
2.77 |
Oil, Gas & Consumable Fuels |
2.06 |
Realty |
1.7 |
Healthcare |
1.42 |
Chemicals |
1.18 |
Source: https://www.niftyindices.com/Factsheet/FactsheetNifty500Momentum50.pdf
As of September 30, 2024
So, as per NIC (National Industrial Classification) classification, all the sectors remain within the limits specified by IRDAI
~ HDFC Life Top 500 Momentum 50 Fund is benchmarked to Nifty 500 Momentum 50 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 500 Momentum 50 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: 101L175V04), HDFC Life Sampoorn Nivesh (UIN: 101L175V03), 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/10/24/16289
