Tata AIA Life Insurance on Wednesday announced the launch of the Tata AIA Momentum Value 50 Index Fund, a unit-linked investment option that combines momentum and value investment approaches to provide diversified equity exposure along with life insurance protection. The fund selects companies from the BSE 500 universe based on momentum and value characteristics, customised in accordance with IRDAI requirements, and is benchmarked against the BSE 500 Momentum Value 50 Index (Customized). The fund will invest 80–100% in equity and equity-related instruments, while 0–20% may be allocated to cash, money market instruments and mutual funds.
The New Fund Offer (NFO) will remain open from September 23 to September 30, with units issued at a NAV of ₹10. The fund will be available through select Tata AIA ULIP solutions. In Aizawl, where household savings and investment decisions are increasingly influenced by the need to balance long-term financial planning with protection, the launch offers another market-linked option combining equity participation and life insurance. However, the fund carries a high-risk profile and market-linked returns are not guaranteed.
Harshad Patil, Chief Investment Officer, Tata AIA Life Insurance, said the fund brings together momentum and value characteristics through a systematic and transparent framework to address evolving consumer needs.
