Pramerica Life Insurance Rolls Out ‘Rising Bharat Fund’ Tracking Nifty Midcap 150

Pramerica Life Insurance has launched a new equity-oriented ULIP investment option called the Rising Bharat Fund, aimed at providing policyholders with exposure to India’s midcap segment, as per news reports.  

The new fund offer (NFO) opened on March 5 and will remain available for subscription until March 20, after which it will become part of the insurer’s ULIP product offerings. 

Strategy Focused on Midcap Growth Opportunities 

The Rising Bharat Fund will be benchmarked against the Nifty Midcap 150 Index, which represents companies positioned just below the top 100 firms by market capitalisation in the Indian equity market. 

According to the company, the fund aims to generate long-term capital appreciation by building a diversified portfolio of mid-sized companies. 

The investment approach will combine quality and momentum parameters, focusing on businesses with strong financial health, sustainable earnings growth and favourable market trends. 

Midcap companies often represent an important growth layer in the corporate ecosystem, as many of them expand operations and eventually transition into large-cap firms. However, investments in this segment can also experience higher volatility compared with large-cap stocks. 

Leadership Views on The New Fund 

Commenting on the launch, Abhishek Das, Chief Investment Officer at the company, said the investment approach combines financially stable companies with firms benefiting from emerging trends, while acknowledging that midcap investments may carry higher short-term volatility. 

Pankaj Gupta, Managing Director and CEO of Pramerica Life Insurance, said mid-sized enterprises are playing an increasing role in India’s economic expansion and the fund aims to provide policyholders a structured way to participate in this segment. 

Read More: Tata AIA Launches Global Equity Fund with 70–100% Allocation to International Markets! 

Conclusion 

Pramerica Life Insurance is a joint venture between Piramal Capital & Housing Finance Limited and Prudential Financial, Inc. The insurer began operations in 2008 and distributes insurance and investment-linked products through multiple channels across India, offering policyholders a range of market-linked wealth creation options. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Mutual Funds Investments are subject to market risks, read all the related documents carefully before investing.