Tata AIA Life launches Emerging Opportunities Fund, NFO opens today

Investors can invest in the fund through ULIPs from Tata AIA including Fortune Pro, Wealth Pro, Fortune Maxima and Wealth Maxima. Additionally, Tata AIA’s Param Rakshak Solutions will be linked to this fund. Tata AIA Life, claims Tata AIA Life, 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 fund’s investment objective is to generate capital appreciation over the long term by investing in a portfolio of stocks that offer opportunities in the mid-cap sector and leaders in emerging sectors that offer long-term wealth creation. Up to 30% of the portfolio may be allocated by the fund to equity and equity-related securities that are outside the mid-cap bracket.

Tata AIA Life Insurance (Tata AIA) in an official release said, Emerging Opportunities Fund is an equity fund suitable for consumers who wish to benefit from the long-term growth potential in equities and have a relatively high 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 (CIO), Tata AIA Life Insurance, said, “As mid-cap companies continue to grow rapidly, investing in these stocks provides an excellent opportunity for wealth creation for our policyholders Mid-cap stocks are likely to see healthy returns as India’s market is on a growth trajectory. Our ULIP funds have performed well as compared to the benchmarks and are rated high by rating agencies like Morning Star. Emerging Opportunities Funds like The new funds will provide our existing and new investors an opportunity to participate in the growth of the Indian markets through equity investments 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.

Performance of Tata AIA Existing Equity Funds

Figures up to 30 November 2022. # Morningstar Rating as on 31 October 2022 on an aggregate basis. Inception Dates: Whole Life Midcap Equity Fund: Jan 10, 2007 , Top 200 Fund: Jan 12, 2009 , Multi Cap Fund: Oct 5, 2015.

Apart from having a strong track record with its existing funds, Tata AIA ULIP Funds are rated Very Good by fund analysts. As on October 31, 2022, 98.96% of the rated AUM of Tata AIA Life has a 5-year Morningstar rating of 4 Star or 5 Star. Total Assets Under Management (AUM) of Tata AIA Life as on October 31, 2022 64,149 crores.

Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company established by Tata Sons Pvt. Ltd. and AIA Group Limited (AIA). The Tata Group, which has 30 firms spread across ten sectors and was founded by Jamsetji Tata in 1868, is a multinational conglomerate with its headquarters in India.