Latest news with #ULIP
Time of India
2 days ago
- Business
- Time of India
Bajaj Allianz Life launches Nifty 500 Multifactor 50 Index Fund
Bajaj Allianz Life has announced the launch of its New Fund Offer ( NFO ) – Bajaj Allianz Life Nifty 500 Multifactor 50 Index Fund , an offering under the company's ULIP products, the fund is designed to track the Nifty 500 Multifactor MQVLv 50 Index, providing investors with exposure to a multifactor based equity index while also offering life cover . The new fund offer of NFO of the fund is open for subscription and will close on July 14. Also Read | Confused about investment in stocks, gold & silver? Simplify it with multi-asset mutual funds! Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » Bajaj Allianz Life ULIP products with underlying Bajaj Allianz Life Nifty 500 Multifactor 50 Index Fund, enables policyholders to achieve their life goals, powered by the security of a life cover and the opportunity for wealth creation . The Nifty 500 Multifactor MQVLv 50 Index is a rules-based index that selects 50 stocks from the Nifty 500 universe based on four well-established investment factors: Momentum , Quality, Value, and Low Volatility. Live Events This fund passively tracks the Nifty 500 Multifactor MQVLv 50 Index, offering investors exposure to a multifactor strategy through a diversified portfolio of 50 stocks. As the Indian capital market matures, many investors are seeking structured, data-driven investment solutions that reduce behavioral biases while delivering consistent returns. This fund addresses that need by tracking an index designed to capture the benefits of factor-based investing. 'We are excited to introduce this multifactor index fund as part of our ULIP offerings. In today's environment of heightened market volatility, a factor-based passive strategy presents a smart and disciplined way to stay invested. The Bajaj Allianz Life Nifty 500 Multifactor 50 Index Fund applies a combination of four factors—Momentum, Quality, Value, and Low Volatility to construct a diversified portfolio,' said Srinivas Rao Ravuri , Chief Investment Officer, Bajaj Allianz Life Insurance . 'This fund is designed to provide investors with systematic, rules-based exposure to equities, helping eliminate the subjectivity and emotional biases often associated with active stock selection. We believe it can be a powerful tool for long-term wealth creation,' he added. The fund's investment strategy is built on four key factors - 1) based on 6-month and 12-month price returns, adjusted for volatility, 2) evaluated through return on equity (ROE), financial leverage (Debt/Equity Ratio), and earnings growth variability over the past five years, 3) assessed using earnings-to-price, book-to-price, sales-to-price ratios, and dividend yield, and lastly measured using the standard deviation of daily price returns over the last year Also Read | Beyond JioBlackRock: Eight other mutual fund NFOs open for subscription this week With the fund tracking a focused index of 50 carefully selected stocks from the Nifty 500 universe, Bajaj Allianz Life ULIP products with underlying Bajaj Allianz Life Nifty 500 Multifactor 50 Index Fund is intended for investors with very high risk tolerance who seek systematic, factor-based exposure to Indian equities for long-term capital appreciation.
Time of India
6 days ago
- Business
- Time of India
Gold shines bright! Several life insurers want IRDAI to allow gold ETF investments; 30% returns in 12-months
The performance of gold ETFs has been remarkable, generating over 30% returns in the previous 12-month period. (AI image) Multiple life insurance companies have sought permission from Irdai to make investments in gold ETFs. This initiative follows the rising gold prices , heightened worldwide demand and the necessity to diversify portfolios, particularly when conventional investment avenues are yielding lower returns. ULIPs provide policyholders the option to distribute their investments across equity, debt and balanced schemes, based on their risk tolerance. Insurance companies are seeking Irdai's authorisation to invest 3-5% of their ULIP assets under management in gold ETFs. The performance of gold ETFs has been remarkable, generating over 30% returns in the previous 12-month period. This stands in stark contrast to the modest 5-8% returns offered by liquid debt funds, Nifty indices and conventional bank fixed deposits. "The sharp contrast in performance is pushing us to explore gold ETFs under unit-linked insurance plans (ULIPs) to improve portfolio returns and add a hedge against market uncertainty," ET quoted an insurance executive who submitted this suggestion to the regulator as saying. Gold Shining The life insurance sector presently manages assets worth ₹70 lakh crore. Following recent applications, the regulatory body has advised companies to present their proposals through the Life Insurance Council, the representative organisation for life insurers. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Estas calculadoras muestran el valor de tu casa al instante (échale un vistazo) Nation Más información Undo The regulatory body has requested a comprehensive proposal detailing potential risks and corresponding mitigation strategies. The final verdict will be made after evaluating the sector-wide submission. A favourable decision would expand insurers' investment options, providing access to an asset category increasingly recognised as a secure investment during global instability. Gold has emerged as a crucial reserve asset for numerous nations following the economic disruption caused by the Covid-19 pandemic and heightened geopolitical conflicts. Global central banking institutions have substantially increased their gold acquisitions. During 2024-25, the Reserve Bank of India (RBI) acquired 57.5 tonnes of gold, marking the second-largest yearly addition since 2017. The RBI's gold reserves grew by 35% over five years, reaching 880 tonnes at the end of FY25 from 653 tonnes in FY20. According to the World Gold Council, gold currently represents approximately 12% of India's total foreign exchange reserves, an increase from 6.86% in 2021. Additionally, insurance sector stakeholders are advocating for extended investment alternatives, requesting permission to invest in zero-coupon bonds and extended-duration corporate debt, particularly from infrastructure companies. Despite existing authorisation to invest in government securities, equities, equity derivatives and infrastructure, insurers lack sufficient long-term instruments to align with extended liability periods. Infrastructure companies typically issue five-year debt instruments, which insurers consider insufficient for their needs. The sector has requested the government to introduce 20- and 30-year sovereign zero-coupon bonds. Gold investments have yielded twenty-fold returns over the past 25 years. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
6 days ago
- Business
- Economic Times
Life insurers see the shine, seek Irdai nod to invest in gold ETFs
Life insurers in India are seeking regulatory approval from Irdai to invest in gold ETFs, driven by their impressive returns exceeding 30% in the last year. This move aims to diversify portfolios within ULIPs and hedge against market volatility, as traditional assets offer lower returns. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai : Several life insurers have approached the Insurance Regulatory and Development Authority of India (Irdai) seeking approval to invest in gold exchange-traded funds (ETFs), according to people familiar with the matter. The move comes amid increasing gold prices , growing global demand and a need for diversification as traditional asset classes deliver subdued returns. Gold ETFs have delivered returns of more than 30% over the past 12 months. In comparison, liquid debt funds, equity indices like the Nifty and traditional bank fixed deposits have offered modest returns in the 5-8% range.'The sharp contrast in performance is pushing us to explore gold ETFs under unit-linked insurance plans (ULIPs) to improve portfolio returns and add a hedge against market uncertainty,' an insurance executive who had sent this recommendation to the regulator said on condition of offer flexibility to policyholders to allocate funds across equity, debt and balanced options, depending on their risk appetite. Insurers want the Irdai to allow them to invest 3-5% of their ULIP assets under management in gold ETFs. The life insurance industry currently has ₹70 lakh crore in assets under management. In response to recent requests, the insurance regulator advised companies to route their proposals through the Life Insurance Council, the industry body representing life regulator asked for a detailed proposal with risks and proposed mitigation measures. It will take a decision after reviewing the industry-wide proposal. Its approval would widen the investment universe for insurers, offering them access to an asset class that is increasingly seen as a rewarding safe haven amid global the economic shocks triggered by the Covid-19 pandemic and rising geopolitical tensions, gold has become a strategic reserve asset for many countries. Central banks worldwide have increased gold 2024-25 alone, the Reserve Bank of India (RBI) bought 57.5 tonnes of gold, the second-highest addition in a year since 2017. Over the past five years, the RBI's gold holdings increased 35% to 880 tonnes at the end of FY25 from 653 tonnes in now accounts for about 12% of India's total foreign exchange reserves, up from 6.86% in 2021, according to the World Gold Council. Separately, the insurance industry is pushing for longterm investment options, seeking approval to invest in zero-coupon bonds and longer-tenure corporate debt, particularly from infrastructure firms. While insurers can already invest in government securities, equities, equity derivatives and infrastructure, they face a shortage of long-dated instruments to match long-term infrastructure firms issue fiveyear debt, which insurers find too short. Insurers have urged the government to issue 20and 30-year sovereign zerocoupon bonds. Over the past 25 years, gold has given a return of 20 times.
Time of India
19-06-2025
- Time of India
Raja Raghuvanshi murder: Meghalaya cops question acquaintances of Sonam, her lover
Indore, A Meghalaya police team probing the murder of Indore businessman Raja Raghuvanshi on Thursday questioned a few acquaintances of main accused Sonam Raghuvanshi and her alleged lover Raj Kushwaha . They also questioned a taxi driver who is suspected to have taken Sonam to Uttar Pradesh from Indore in the aftermath of the murder. Raja Raghuvanshi, who married Sonam on May 11, went missing on May 23 during their honeymoon in Meghalaya. His mutilated body was found in a deep gorge near a waterfall in Sohra area (also known as Cherrapunji) of East Khasi Hills district on June 2. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 23.7% Returns in last 5 years with Shriram Life's ULIP Shriram Life Insurance Undo According to police, Sonam was having an affair with Kushwaha who worked in her family's business of Sunmica sheets. Her brother Govind Raghuvanshi was seen on Thursday outside the office of the Crime Prevention Branch of the local police where the special investigation team of Meghalaya Police carried out questioning. Live Events He was called to the office but was not questioned, he told reporters. Police recorded the statements of some people working in his family's business and a few associates of Kushwaha, Govind said. The SIT also recorded the statement of a taxi driver who allegedly took Sonam from Indore to Uttar Pradesh. According to police, after her husband's murder, Sonam returned to Indore and hid in a rented flat for a few days. She surrendered before police in Ghazipur district of Uttar Pradesh on June 8. Police have so far arrested Sonam, Raj Kushwaha and Kushwaha's friends Vishal Chauhan, Akash Rajput and Anand Kurmi in the case.
Time of India
12-06-2025
- Business
- Time of India
FSIB recommends R Doraiswamy as MD and CEO of LIC
The Financial Services Institutions Bureau (FSIB) has recommended Doraiswamy Ramchandran (R. Doraiswamy), the current Managing Director of Life Insurance Corporation of India (LIC) for the position of Chief Executive Officer and Managing Director (CEO & MD) at LIC . FSIB interviewed four candidates from Life Insurance Corporation of India (LIC) on June 11, 2025 for the position of CEO & MD in LIC. 'Keeping in view their performance in the interface, their overall experience and the extant parameters, the Bureau recommends R Doraiswamy for the position of CEO & MD in LIC,' said FSIB. A Graduate in Mathematics from Madurai Kamaraj University, Doraiswamy has 38 years of experience across operations, marketing, technology, and academics. He was instrumental in rolling out of Employee's Front End Application Program (eFEAP) Next, centralization of ULIP systems, automation of repetitive processes etc Prior to taking charge as managing director, Doraiswamy was executive director (information technology/software development). He had headed the southern zonal office, Chennai. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Husband Sold Son's Car After Bad Grades. Parents Turned Pale When He Did This As Revenge Beach Raider Undo Following the end of Siddhartha Mohanty 's term on June 7, the government appointed Sat Pal Bhanoo as the interim MD and CEO of LIC for a three-month term, effective from June 8 to September 7, 2025.
