Tata AIA Life Insurance Co. Ltd. (Tata AIA), one of India’s leading life insurers, has introduced Tata AIA Multicap Momentum Quality Index Fund. This new fund offer is designed to generate long-term capital appreciation by investing in a portfolio of stocks that replicate the Nifty 500 Multicap Momentum Quality 50 Index.
The New Fund Offer (NFO) window will be open from 24th December 2024 and close on 31st December 2024. Commenting on the launch, Harshad Patil, Executive Vice President and Chief Investment Officer (CIO) of Tata AIA, said, “As India’s economy continues on its growth trajectory, the equity markets present a compelling opportunity for wealth creation.”
Tata AIA policyholders can invest in the Multicap Momentum Quality Index Fund through the company’s Unit Linked Insurance Plans, including its popular TATA AIA Param Raksha solutions and Tata AIA Pro-Fit plan. These solutions offer long-term growth potential of equity investments while securing consumers and their families with much-needed life and health insurance coverage. Tata AIA has grown its assets under management significantly to INR 1,17,867.73 cr (November 24), translating to 35.91% YoY growth.
