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Bajaj Allianz Life has launched a ULIP called "Focused 25 Fund", a fund that is concentrated on up to 25 stocks.
The ULIP will invest in select businesses with strong fundamentals and will focus on large cap stocks. The fund will also have a life cover.
In a press release, Srinivas Rao Ravuri, Chief Investment Officer, Bajaj Allianz Life Insurance, said, “With Bajaj Allianz Life Focused 25 Fund, we aim to offer investors a high-conviction strategy that capitalizes on India’s strong growth trajectory. Our disciplined, research-backed approach will enable investors to participate in the success of fundamentally sound strong companies, ensuring sustainable wealth creation over the long term. The fund will invest in up to 25 carefully selected stocks, primarily in large caps, while remaining sector- and market-cap-agnostic for dynamic allocation.”