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IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICY HOLDER.

Bajaj Life Nifty 500 Multifactor 50 Pension Fund

The Nifty500 Multifactor MQVLv 50 Index aims to track the performance of a 50-stocks portfolio selected based on a combination of Read More

  • Momentum,
  • Quality,
  • Value and
  • Low Volatility factors from the Nifty 500.

The Momentum score for each company is determined based on its 6-month and 12-month price return, adjusted for volatility.

Source- NSE,https://www.niftyindices.com/Methodology/Method_NIFTY_Equity_Indices.pdf Read Less

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Written ByShruti Gujarathi
AboutShruti Gujarathi
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Shruti Gujarathi has 5 years of experience in the BFSI sector, and as Manager – Digital Marketing at Bajaj Life Insurance Limited, manages digital and content marketing. She has had hands-on experience in content strategy, performance marketing and Strategic Alliances over a career spanning 10 years, with deep expertise in insurance domain.
Reviewed ByRituraj Singh
AboutRituraj Singh
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Rituraj Singh,With over 6.5 years of experience in the insurance industry, Rituraj Singh, Manager- Product & Brand Marketing at Bajaj Life Insurance Limited overlooks new product launches, compliance, and brand projects, leveraging artificial intelligence and technology to enhance outcomes.
Written on: 01st October 2025
Modified on: 01st October 2025
Reading Time: 8 Mins
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Fund Details

Fund Objective: To provide capital appreciation through investment in equities forming part of Nifty 500 Multifactor MQVLv 50 Index

Risk Profile: Very High

Equity & Equity related instruments: 65-100%

Cash, Bank Deposits, Liquid Mutual Funds and Money Market Instruments: 0-35%

Benchmark: Nifty 500 Multifactor MQVLv 50 Index

Factors used for stock selection

  1. Momentum- Refers to the tendency of stock price trends to persist – stocks that have outperformed recently are likely to continue to outperform, and vice versa. The momentum score for each company is determined based on its 6-month and 12-month price return, adjusted for volatility.

  2. Quality- Refers to stocks of companies with strong financial health, consistent earnings, low debt, and efficient management. The quality score for each company is determined based on return on equity (ROE), financial leverage (Debt/Equity Ratio) and earnings (EPS) growth variability analysed during the previous 5 years.

  3. Value- Refers to stocks that are considered undervalued compared to their intrinsic worth, often trading at lower valuations.  The value score of each company is determined based on Earnings to Price ratio (E/P), Book Value to Price ratio (B/P), Sales to Price ratio (S/P) and Dividend Yield.

  4. Low-Volatility- Refers to stocks that exhibit relatively lesser price movements compared to the broader market. Volatility is calculated as the standard deviation of daily price returns (log normal) for last one year.

Stock Weightage, Rebalancing & Reconstitution

Portfolio Weightage

  • Composite Factor Score: 25% * Normalized Momentum Score + 25% *Quality Score + 25% * Value Score + 25% * Low Volatility Score
  • Weight of the stock in the index is based on the composite factor score of that stock
  • Each stock in the index is capped at the lower of 5% or 5 times the weight of the stock in the index based only on free float market capitalization
  • The weight of stocks may drift between two rebalancing periods due to movement in the stock prices

Index Rebalancing & Reconstitution

  • Index rebalancing and reconstitution will be done on a semi-annual basis in June and December using data ending last trading day of May and November, respectively.
  • Stocks that moved out of the Nifty 500 index shall also move out of the index at the time of the subsequent review of the Nifty500 Multifactor MQVLv 50 index.

Source- NSE, https://www.niftyindices.com/Methodology/Method_NIFTY_Equity_Indices.pdf

Historical Market-Cap Allocation

Market- Cap CategorizationFY23-Q4FY24-Q1FY24-Q2FY24-Q3FY24-Q4FY25-Q1FY25-Q2FY25-Q3FY25-Q4Quarterly Average

Large Cap

40%

39%

37%

43%

48%

54%

58%

45%

42%

45%

Mid Cap

42%

38%

40%

32%

28%

25%

29%

37%

43%

35%

Small Cap

18%

23%

23%

25%

23%

21%

13%

18%

15%

20%

Total

100%

100%

100%

100%

100%

100%

100%

100%

100%

100%

Source- NSE

Disclaimer – Market Capitalization is as per AMFI classification

  • The index exhibits a dynamic allocation approach, systematically adjusting to prevailing market conditions to capitalize on evolving investment opportunities.
  • Over the last 2 financial years, the fund maintained a healthy balance with an average exposure of 45% to Large Caps, 35% to Mid Caps, and 20% to Small Caps—offering a well-diversified yet growth-oriented portfolio.

Performance

Performance as on 30th May 2025
Index1 Yr3 Yrs5 Yrs7 Yrs10 Yrs

Nifty 500 Multifactor MQVLv 50 Index

-12.1%

21.3%

23.3%

15.2%

14.3%

Nifty 50 (Large Cap)

-3.2%

11.2%

16.5%

11.1%

11.8%

Nifty 100 (Large Cap)

-4.8%

11.3%

16.8%

11.0%

11.9%

Nifty 500 (Multi/Flexi Cap)

-5.4%

13.6%

19.1%

12.2%

12.9%

Source:- Bloomberg, NSE, BALIC Research. Past performance is not indicative of future performance.  More than 1 Year returns are CAGR returns.

  • Over the long term ( 3 Yrs, 5 Yrs, 7 Yrs. & 10 Yrs.), Nifty 500 Multifactor MQVLv 50 Index has outperformed other market cap (large cap & multi cap) indices by a significant margin.

Source: NSE, Bloomberg, BALIC Research

  • Nifty 500 Multifactor MQVLv 50 Index has reasonably outperformed broader market indices in the long term.

Source: NSE, Bloomberg, BALIC Research

Note – The above XIRR calculation is based on assumptions such as 1. no cost included while investing, 2. monthly investment on every first working day of each month for last 10 years & 3. there is no such restrictions in terms of investment in respective indices. The above graphical representation of monthly SIP growth in each index should be considered for illustration purposes only.

  • SIP Growth in Nifty 500 Multifactor MQVLv 50 Index significantly outpaced broader market-cap oriented indices in the long-Term

Risk

 

Data Source: NSE, BALIC Research

Note:- 5 Years period is taken for return (price return) & risk (standard deviation) as on 29th Aug 2025. Average daily standard deviation annualized.

Why Nifty 500 Multifactor 50 Pension Fund?

Factor-Based Strategy –  The index leverages investment factors such as Momentum, Quality, Low Volatility, and Value to construct a portfolio aimed at delivering superior risk-adjusted returns.

Diversified Portfolio – The index selects 50 stocks across the Nifty 500 universe, ensuring exposure across sectors and market caps while maintaining a disciplined selection methodology.

Data-Driven & Rule-Based – Stock selection and weights are determined through a systematic, rules-based approach, minimizing behavioural biases and enhancing transparency.

Growth Potential –  Historically, the Nifty 500 Multifactor MQVLv 50 Index has outperformed the broader market indices in the long term. This suggests the potential for higher returns and wealth creation over the long term.  

Market Adaptability – The multifactor model dynamically adjusts to changing market conditions, allowing the index to capture emerging opportunities while maintaining discipline.

Transparency - Since it tracks an established index, investors can easily monitor the fund's portfolio holdings and performance.

Passive Investing -  Investing in an index fund that tracks the Nifty 500 Multifactor MQVLv 50 Index Fund is a passive approach, which means fund manager doesn’t need to make individual stock selection (hands-off approach).

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IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER

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 or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are 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. Bajaj Life Insurance Limited is only the name of the Life Insurance Company and Bajaj Life Smart Pension- A Unit -Linked, Non-Participating Individual Pension Plan (UIN- 116L209V03) is only the name of the unit linked insurance contracts and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. 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, terms and conditions please read sales brochure & policy document (available on www.bajajlifeinsurance.com) carefully before concluding a sale.

Nifty 500 Multifactor 50 Pension Fund  is available only with Bajaj Life Smart Pension- A Unit -Linked, Non-Participating Individual Pension Plan (UIN116L209V03)

In addition to other funds, Nifty 500 Multifactor 50 Pension Fund is now available with Bajaj Life Smart Pension. Customer has an option to choose from other available funds apart from Nifty 500 Multifactor 50 Pension Fund.

Please note that the fund aims to replicate the performance of benchmark index fund, subject to tracking error.

Past returns of a fund are not necessarily indicative of the future performance of the fund. | Please consult the financial advisor before.

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I hereby authorize Bajaj Life Insurance Limited. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

Please refer to BALIC Privacy Policy

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Bajaj Life eTouch- A Non Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N172V04)

*Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

~Individual Death Claim Settlement Ratio for FY 2023-2024

1Premium Holiday has to be selected at inception to avail this benefit and also depends on other policy terms & conditions

Bajaj Life Insurance Limited (Formerly known as Bajaj Allianz Life Insurance Company Limited) | IRDAI Reg no. 116

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Disclaimer

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 or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are 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. Bajaj Life Insurance  Limited is only the name of the Life Insurance Company and Bajaj Life Goal Assure II- A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN No.: 116L180V02) is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. 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.

^Minimum premium mentioned is applicable for Bajaj Life Goal Assure II - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L180V02)

1Loyalty Additions are payable only for premium of  ₹ 5 Lakhs & above and wherein the Policy term is 10 years & above.


Bajaj Life Insurance Limited (Formerly known as Bajaj Allianz Life Insurance Company Limited) | IRDAI Reg no. 116

 

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Disclaimer

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 or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are 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. Bajaj Life Insurance Limited is only the name of the Life Insurance Company and Bajaj Life Goal Assure II- A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN No.: 116L180V02) is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. 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.

Bajaj Life Goal Assure II - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L180V02)

**Return of Mortality Charges at Maturity (ROMC) is payable at maturity, provided all due premiums have been paid

Bajaj Life Insurance Limited (Formerly known as Bajaj Allianz Life Insurance Company Limited) | IRDAI Reg no. 116

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Bajaj Life Insurance Limited (Formerly known as Bajaj Allianz Life Insurance Company Limited). All Rights Reserved. | IRDAI Reg. No. 116 | An ISO 27001:2013 Certified IT Department
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For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. The terms and conditions of product/plan as contained in the Policy Document issued by the Company is available on the Web Site. The names of the Company, Products/Plans/funds do not indicate the quality and its future prospects or returns. IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values & the customer shall be responsible for his/her decision. Tax benefits are as per the prevailing Income Tax Laws including the Income Tax Act, 1961 and are subject to change from time to time. Goods and Services Tax will have to be borne by the Policyholder as per applicable rates. All other charges shall be levied in accordance with the terms and conditions of the policy.

This calculation and results displayed are based on information provided and certain assumptions about the rates of return. It is for assistance only and does not constitute an offer or solicitation. It is not intended to be and must not alone be taken as the basis for an investment decision. Kindly note that the returns are only illustrative and they are not guaranteed. The returns do not indicate the upper or lower limits of the return that you may get with your policy and the value is dependent on a number of factors including future performance. Bajaj Life Insurance Limited shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information reported by the calculator.

1©2021 Morningstar. All Rights Reserved. The Morningstar name and logo are registered marks of Morningstar, Inc. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates and procured from various sources. Morningstar, its affiliates, and its officers, directors and employees shall not be liable for any trading decision, damage or any other loss arising from using the Information. Please verify all of the Information before using it and do not make any investment decision, except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up

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