New Delhi: Tata AIA Life Insurance has launched Emerging Opportunities Fund, which will invest in mid-cap companies and emerging market leaders with the potential to generate significant future growth. Applications for ULIP schemes with New Fund Offering (NFO) window will remain open till December 31.
Investment in the fund can be done through ULIP offerings of Tata AIA such as Fortune Pro, Wealth Pro, Fortune Maxima and Wealth Maxima. In addition, the fund will also be linked to Tata AIA’s Param Rakshak Solutions. It offers consumers a unique opportunity to benefit from the long-term growth potential of equities while securing their loved ones with the security of a life insurance cover.
The investment objective of the fund is to seek capital appreciation over the long term by investing in a portfolio of stocks that provide opportunities in the mid-cap space and emerging leaders in new age sectors offering significant long term wealth creation along with insurance benefits Huh. , The fund can invest up to 30% of the portfolio in equity related instruments falling outside the equity and mid-cap range.
This equity fund is suitable for consumers who want to benefit from the long-term growth potential of equities and have a higher risk appetite. Mid-cap stocks generally go through a high level of volatility in the market which tends to equalize in the long run. Investors participating in this NFO should be comfortable averaging out market volatility by staying invested to benefit from long-term compounding returns.
Harshad Patil, Executive Vice President and Chief Investment Officer, Tata AIA Life Insurance said, “With mid-cap companies growing rapidly, investing in these stocks provides a great opportunity for our policyholders to create wealth. Potential to see returns as India’s market is on a growth trajectory. Our ULIP funds have outperformed benchmarks and are rated highly by rating agencies such as Morning Star. New funds such as Emerging Opportunities Fund are available to our existing and new investors. provide an opportunity to participate in the growth of the Indian markets through equity investment with the added benefit of life insurance.”
“The fund aims to invest in a portfolio of stocks in the mid cap space and are emerging leaders in new age sectors. These new age companies are present across market caps. Most of them are leaders in the industries they operate in and provide a long runway for growth. With the new fund’s ability to seamlessly move from a mid and large cap bias to a mid and small cap bias, we aim to capture such emerging long term themes. We believe believe that this is a key value addition to our new fund offering”, he added.
catch all business News, market news, today’s fresh news events and Breaking News Update on Live Mint. download mint news app To get daily market updates.