Tata AIA Life Insurance Co. Ltd. (Tata AIA), one of India’s leading life insurers, has introduced Tata AIA NIFTY Alpha 50 Index Fund through its unit linked insurance products, which is an open-ended New Fund Offering (NFO) with an alpha investing strategy to benefit from potential growth while securing their loved ones with the protection of a life insurance cover.
The NFO will remain open until September 30th, 2024, with units offered at an NAV of Rs. 10 per unit during the NFO period. The fund will focus on high performing stocks i.e. the top 50 performing stocks that constitute the Nifty Alpha 50 index. Enabling long-term life coverage with the potential for growth by investing in unit linked insurance plans.
In addition to the market linked returns, consumers to benefit from life cover and health & wellness benefits. Harshad Patil, Executive Vice President, and Chief Investment Officer (CIO) of Tata AIA said, “With India’s economy expanding multifold over the next few decades, the Indian equity market presents significant wealth creation opportunities. As a result, businesses will be able to grow their revenues, multiply their earnings, and provide policyholders with sustained returns.”Tata AIA has built a strong track record with its funds outperforming the respective benchmarks over multiple time periods.
