Tata AIA Life Insurance has introduced the Tata AIA Life Flexi Growth Fund, an investment option providing policyholders with the opportunity to invest in a diverse range of companies across large, mid, and small-cap sectors. The new fund offering (NFO) is available through the Unit Linked Products window until December 31, 2023, at a net asset value (NAV) of ₹10 per unit.
Key features of the Tata AIA Life Flexi Growth Fund include:
1. **Dynamic Allocation:** The fund has the flexibility to dynamically adjust its weighting across large/mid/small caps based on their attractiveness at any given time.
2. **Sector-Wise Adaptation and Diversification:** Recognizing changes in sector outlooks, the fund can selectively invest in sectors based on their current outlook.
3. **Risk Mitigation Across Market Cycles:** The Flexi Growth Fund is designed to navigate through various market capitalizations, aiming to deliver strong performance across different market cycles.
4. **Track Record of Superior Returns:** Tata AIA funds, including the Multicap Fund, have demonstrated robust returns over the past five years, outperforming benchmarks.
Harshad Patil, Executive Vice President and Chief Investment Officer at Tata AIA Life Insurance, highlighted that the Flexi Growth Fund aims to generate long-term capital appreciation by investing in carefully selected companies across market capitalizations. The fund allocates 70-100% of its investments to equity and equity-related instruments, with the remaining 0-30% in debt and money market instruments.
Tata AIA policyholders can access the Flexi Growth Fund through the company’s ULIP offerings, including Fortune Pro, Wealth Pro, Fortune Maxima, etc. Additionally, innovative ILP solutions like Param Rakshak Plus and Pro-fit provide avenues for investment, offering benefits across health, wealth, and life cover.
This approach allows consumers to leverage the long-term growth potential of the equity market while ensuring the security of their loved ones through life insurance coverage.
