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In Unit Linked policies, the investment risk in investment portfolio is borne by the policyholder. ...Read More
new fund launch
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HDFC Life Top 500 Smart Value 50 Pension Fund
What is the objective of the Top 500 Smart Value 50 Pension Fund?
(SFIN: ULIF08928/05/26SmtVl50PFd101)
The Fund aims to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity related securities that are likely to benefit directly or indirectly from India’s domestic consumption growth story. The fund may use various derivative instruments, as permitted under applicable Regulations, to calibrate the risks in the portfolio.
This fund is offered under a Pension Plan which provides the dual benefit of life insurance cover and investment growth.
What will be the benchmark? What does the benchmark signify?
The Index aims to track the performance of a diversified portfolio of companies representing the domestic consumption sector of the Indian economy. The index constituents are selected from the Nifty 500 and are chosen based on their primary revenues being derived from the domestic consumption theme.
The index portfolio comprises companies across sectors whose business growth is directly linked to the rising disposable income and spending patterns of Indian consumers. The weights of the stocks in the index are determined based on their free float market capitalization, subject to capping so that no single stock dominates the index.
On the other hand, companies in a broad market index like the Nifty 500 index are purely based on free float market capitalization, without any specific thematic focus on consumption.
What is the investment philosophy behind launching this fund?
We focus on generating benchmark-beating returns over the medium to long term by investing in fundamentally sound and high-quality companies which exhibit most of the following attributes
Management with high capability
Good corporate governance
High ROCE (Return on Capital Employed) and ROE (Return on Equity) that help them pursue their growth opportunities with minimal reliance on external capital
Consistency in performance
Capability to manage risk
We strive to deliver superior performance by taking less-than-commensurate risk and place high priority on preventing losses. We believe in reasonable diversification and follow internal limits on stock and industry level exposures to avoid concentration risk.
3. Loyalty addition would be added to the fund starting from 10 Policy Anniversary for the other than ‘Single Premium’ policies paying Annualized Premium of ₹ 1,00,000 at least and for all the Single Premium paying policies.
In unit linked policies, the investment risk in the 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 policyholders will not be able to surrender/withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of fifth year. 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.
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.
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.
HDFC Life Smart Pension Plan (UIN: 101L164V08) A Unit Linked, Non-Participating Individual Pension Plan. Life Insurance Coverage is available in this product.
ARN: ED/05/26/34461
