Tata AIA Life Insurance Co. Ltd. has officially launched the Tata AIA NIFTY Alpha 50 Index Fund, a strategic addition to its suite of unit-linked insurance products. This open-ended New Fund Offering (NFO) will be available until September 30, 2024, at an NAV of Rs. 10 per unit, enabling policyholders to invest in the top 50 performing stocks of the Nifty Alpha 50 Index while securing life insurance coverage.
The fund will allocate 80%-100% of its assets in equity and equity-related instruments, aiming to generate high alpha and replicate the performance of stocks listed on the National Stock Exchange (NSE). Harshad Patil, Chief Investment Officer of Tata AIA, highlighted the vast potential for wealth creation in India’s booming economy, which allows policyholders to benefit from both market-linked returns and life cover.
In Aizawl, this launch is poised to attract a growing demographic of financially aware consumers seeking investment options that also offer protection. The NIFTY Alpha 50 Index Fund addresses the demand for innovative financial products that balance risk and returns, making it a compelling choice for Aizawl residents eager to enhance their financial security while participating in the equity market.
