SUD Life Unveils New Product

Hyderabad: Star Union Dai-ichi Life Insurance Co Ltd (SUD Life), a prominent insurance provider, has unveiled the SUD Life MidCap Momentum Index Fund. The fund employs a 6-monthly rebalancing strategy, focusing on top-performing stocks, while systematically excluding weaker ones. It tracks the Nifty MidCap-150 Momentum-50 Index, the fund integrates mid-cap growth potential with momentum investing, identifying top-performing mid-cap stocks based on their price momentum over a specified period.

Prashant Sharma, Chief Investment Officer of SUD Life, said: “The fund is well suited for investors with a moderate to high-risk appetite, aiming for long term capital appreciation and exposure to India’s thriving mid-cap market. It suits those looking to enhance their portfolio with a smart, momentum-driven strategy.”

Currently, the fund is available under SUD Life Star Tulip, SUD Life Wealth Creator, SUD Life Wealth Builder, and SUD Life e-Wealth Royale policies.By curating a low-cost, diversified portfolio of mid-cap stocks, the fund enables investors to benefit from the growth cycles of various mid-cap companies.