Bajaj Allianz Life Insurance launches Sustainable Equity Fund
Kolkata: Bajaj Allianz Life Insurance, one of India’s leading life insurers, launched the Bajaj Allianz Life Sustainable Equity Fund, on Friday to offer its customers an opportunity to invest in companies that are socially responsible and have been evaluated on relevant Environment (E), Social (S) and Governance (G) factors.
The Fund is benchmarked to the Nifty 100 ESG Index and will invest in businesses that have high ESG scores and will concentrate on stocks that are included in benchmark ESG indices.
Bajaj Allianz Life Insurance will evaluate organizations based on its internal proprietary ESG factor model, which will assess data such as public disclosures, investor presentations, annual reports, etc.
Thereafter, ESG principles combined with the existing investment decision-making process will allow screening of stocks for the fund.
Speaking on the launch of the fund, Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance, said, “I believe the Bajaj Allianz Life Sustainable Equity Fund will strongly resonate with our customers. It offers them a strong proposition to fulfil Life Goals while ensuring the ESG quotient of their decisions remain strong. This will enable us to collectively contribute towards building a strong ESG eco-system. At Bajaj Allianz Life Insurance we will continue to focus on every aspect of our customers’ requirements to ensure their Life Goals journey remains strong with us.”