The new fund offer (NFO) will open for subscription on December 24 and will close on December 31.
Through a systematic, factor-based approach emphasizing momentum and quality, the fund will invest in stocks across large-cap, mid-cap, and small-cap segments, according to a press release.
The fund aligns with the Nifty 500 Multicap Momentum Quality 50 Index, adhering to the principles of disciplined, rule-based investing.
“As India’s economy continues on its growth trajectory, the equity markets present a compelling opportunity for wealth creation. However, navigating market volatility and elevated valuations requires a disciplined and strategic approach. The Tata AIA Multicap Momentum Quality Index Fund is a thoughtfully designed offering that blends the benefits of momentum-driven stock selection with the assurance of quality and diversified investments. This ensures policyholders can capture growth opportunities and realize their long-term financial goals. With the life and health management services, this fund underscores our commitment to make our consumers enjoy a fikar-free life,” said Harshad Patil, Executive Vice President, and Chief Investment Officer (CIO) of Tata AIA.
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 remains committed to delivering disciplined fund management and innovative investment opportunities that cater to the evolving needs of its policyholders. The Company has built a strong track record with its funds outperforming the respective benchmarks over multiple periods., 96.22% of Tata AIA Life’s rated Assets Under Management(AUM) has been rated as 4 or 5 stars by Morningstar, a global rating agency as of November 2024, said the release.
