Invites Consumers To Participate In Atmanirbhar Bharat Story
- New fund to focus on capital appreciation by investing in high-growth sectors driving India’s economic expansion and self-reliance story.
- NFO window to close on March 31, 2024, with units being issued on the same day.
- Previous Tata AIA funds, including the ones launched in the last one year, have consistently outperformed benchmarks.
- 95.25% of the rated Asset Under Management (AUM) of Tata AIA is rated 4 star or 5 stars on a
5-year basis as of January 31st, 2024, by Morningstar Ratings*. - As of 29th February 24, the Company’s total Asset under Management (AUM) was INR 96,532 Cr.
Bengaluru: Tata AIA Life Insurance (Tata AIA), one of India’s leading life insurers, has launched the Tata AIA Rising India Fund, a Fund that opens a unique avenue for consumers to participate in India’s growth story. The New Fund Offering (NFO) will remain open until March 31, 2024, with units being offered at an NAV of Rs. 10 per unit during the NFO period.
The Rising India Fund will invest in key sectors and companies, that are driving the Atmanirbhar Bharat story. These include infrastructure, manufacturing, banking, digital, defense, etc. The fund will invest in companies across market caps and would be sector agnostic, enabling the fund manager to harness diverse opportunities driving India’s growth engine.
To generate capital appreciation, 70%- 100% of the fund’s investments will be made in equity and equity-related instruments and 0%- 30% in debt and money market instruments. The Tata AIA Rising India Fund offers investors the choice of investing across market caps in one fund, featuring high-quality, diversified portfolios and strong performance potential.
Tata AIA policyholders can invest in this fund through multiple products including Pro-Fit, Param Rakshak solution, Param Rakshak Plus solution, Param Rakshak II solution, Param Rakshak ROP solution, Param Rakshak IV solution, Param Rakshak Pro solution, Param Rakshak Elite solution. This offers consumers the unique opportunity to benefit from the long-term growth potential of equity while securing their loved ones with the protection of a life insurance cover.
Tata AIA Life has consistently introduced new investment opportunities in recent years with its diverse portfolio of Unit Linked Products. These offerings consistently outperform benchmarks, delivering superior returns. The table below shows the performance of multiple Tata AIA ULIPs across diverse themes.
India embraced the Atmanirbhar strategy, aiming to achieve self-sufficiency. Central to this strategy are the five pillars that underscore India’s journey towards self-sufficiency – Economy, Infrastructure, System, Demography and Demand. Under the Atmanirbhar initiative, India has surged to become the fifth-largest economy globally, with household financial wealth rising impressively. Job opportunities have expanded, youth employability has risen, and the equity market has witnessed phenomenal growth, solidifying India’s position as a global powerhouse. With a burgeoning middle class and robust industrial sector, India promises enduring investment prospects, poised for sustained growth.
