Bajaj Allianz Life Insurance has introduced the Sustainable Equity Fund. This article will provide an overview of what the fund entails, the reasons for its launch, and its significance in the current time.
A Sustainable Equity Fund (SEF) is a type of investment fund. The fund focuses on investing in companies that have a positive impact on the environment and society. In addition, it also intended to be generating financial returns for investors. These funds typically seek to invest in companies that demonstrate environmentally and socially responsible practices. For example, reducing carbon emissions, promoting diversity and inclusion, and ensuring ethical supply chain management. The end goal of a Sustainable Equity Fund is to promote sustainability while providing investors with a financial return.
Bajaj Allianz Life Insurance, a leading life insurer in India, has launched the Bajaj Allianz Life Sustainable Equity Fund. The fund is aimed at offering customers the 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 will invest in businesses with high ESG scores and finally will concentrate on stocks that are included in benchmark ESG indices.
ESG Evaluation
The evaluation of companies for investment in the fund will be done based on Bajaj Allianz’s internal proprietary ESG factor model. It will assess data from various sources such as public disclosures, investor presentations, annual reports, etc. ESG principles combined with the existing investment decision-making process will allow the screening of stocks for the fund.
Available Options
The Bajaj Allianz Life Sustainable Equity Fund is available with the Company’s flagship ULIPs, which include Bajaj Allianz Life Goal Assure, Bajaj Allianz Life Smart Wealth Goal, Bajaj Allianz Life Future Wealth Gain, Bajaj Allianz Life Longlife Goal, and Bajaj Allianz Future Gain.
Commitment to Sustainability
The launch of the Bajaj Allianz Life Sustainable Equity Fund aligns with the company’s commitment to sustainability. The operations benefit the investors, society, and environment at large, and strengthens its position as an ESG-compliant organization.
Statement from CEO
Tarun Chugh, the CEO of Bajaj Allianz Life Insurance, believes that the Sustainable Equity Fund will strongly resonate with the company’s customers. The fund offers them a strong proposition that helps to fulfill their life goals while ensuring the ESG quotient of their decisions remains strong. He adds that the company will continue to focus on every aspect of its customers’ requirements to ensure their life goals journey remains strong with them.
Copy Right @ India CSR
