The new ULIP is called NIFTY Smallcap Quality Index Fund and will invest in 50 stocks out of a panel of 250 small cap companies selected based on pre-defined metrics. The initial public offering (NFO) began on August 25.
“Small and mid-cap indices have delivered impressive returns in the past few years. This fund is suitable for investors with high risk tolerance who are looking for strong returns over the long term,” said Mihir Vora, Senior Director and Chief Investment Officer at Max Life.
The fund is suitable for investors who are risk-averse and expect strong capital growth over the long term.
This product is aimed at investors who seek long-term opportunities with potentially high returns, but are also prepared for the market volatility that is typical for small-cap stocks.
Photo courtesy of public sources
