<h1>Insurance company launches passively managed equity pension fund tracking Nifty 500 Multifactor 50 Index</h1> An insurance company launched a new passively managed equity pension fund that tracks the Nifty 500 Multifactor 50 Index. The fund combines four investment factors - momentum, quality, value, and low volatility - to provide diversified retirement investing. It allocates 80-100% to equities and 0-20% to cash/money market instruments, selecting the top 50 stocks from the Nifty 500 universe based on composite factor scores. The fund carries a very high risk profile and is available through the company's pension plan during a July offering period.