365Telugu.com online news,Mumbai, 26th September 2024: Tata AIA Life Insurance Co. Ltd. (Tata AIA), one of India’s top life insurers, has introduced the Tata AIA NIFTY Alpha 50 Index Fund through its unit-linked insurance products (ULIPs). This new fund offering (NFO) is now open until September 30th, 2024, with units priced at Rs. 10 per unit during the NFO period.
The NIFTY Alpha 50 Index Fund will target high-performing stocks, focusing on the top 50 stocks within the Nifty Alpha 50 index. Its alpha investing strategy offers consumers the potential for significant growth while ensuring protection through life insurance cover.
Key Benefits of the NIFTY Alpha Index Fund:
- A multi-cap, market-linked investment fund providing policyholders exposure to high-performing stocks from various market cap segments.
- It will replicate the performance of stocks listed on NSE that generate high alpha, offering policyholders the chance to benefit from stocks that outperform benchmarks.
- The fund allocates 80%-100% to equity and equity-related instruments and 0%-20% to cash and money market securities, offering a balance between risk and returns.
Executive Comment: Harshad Patil, Executive Vice President and Chief Investment Officer (CIO) at Tata AIA, stated, “As India’s economy expands, the equity market offers substantial wealth creation opportunities. With the Tata AIA NIFTY Alpha 50 Index Fund, policyholders can tap into these market trends and high-performing stocks across market caps. This fund offers long-term returns alongside life cover and health benefits, making it an exciting investment option for consumers.”
Tata AIA policyholders can access this fund through Tata AIA’s Unit Linked Insurance Plans (ULIPs), including the Tata AIA Param Rakshak (PR) ++ series and Tata AIA Pro-Fit plan+++. These ULIPs combine long-term growth potential with essential life and health insurance coverage.
Tata AIA has consistently outperformed benchmarks, with 95.55% of its Assets Under Management (AUM) rated 4 or 5 stars by Morningstar as of July 2024. For instance, Tata AIA’s Multi Cap Fund has delivered a 31.23% CAGR return over the past five years compared to the benchmark’s 20.10%.
The Tata AIA NIFTY Alpha 50 Index Fund presents an opportunity for policyholders to grow their wealth while securing a “fikar-free” future.
Benchmark Beating Performance of Tata AIA Funds:
| Last 5 Years Returns* (CAGR) | ||
| Tata AIA Funds | Fund Return (%) * | Benchmark Return (%) * |
| Multi Cap Fund | 31.23% | 20.10% |
| Top 200 Fund | 31.25% | 20.10% |
| India Consumption Fund | 30.54% | 20.10% |
*Data as on July 31, 2024. Past performance is not indicative of future performance.
Fund Benchmark: Multi Cap Fund, India Consumption Fund, Top 200 Fund: S&P BSE 200.
**Inception Dates: Top 200 Fund: 12 Jan 2009, Multi Cap Fund: 05 Oct 2015, India Consumption Fund: 05 Oct 2015.
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++ Param Rakshak Series which comprises of Tata AIA Life Insurance Smart Sampoorna Raksha – A Non-participating, Unit Linked, Individual Life Insurance Savings Plan (UIN:110L156V04) and Tata AIA Vitality Protect Plus – A Non-linked, Non-participating, Individual Health Rider (UIN: 110A048V03) OR Tata AIA Smart Sampoorna Raksha Pro, A Non-participating, Unit Linked Individual Life Insurance Savings Plan (UIN: 110L172V02) and Tata AIA Vitality Protect Plus, A Non-linked, Non-participating, Individual Health Rider (UIN: 110A048V03)
+++ Tata AIA Pro-Fit plan which comprises of Tata AIA Smart Health, A Non-Participating, Unit-linked Individual Health Insurance Plan (UIN: 110L168V03), Tata AIA Sampoorna Health, A Non-Linked, Non- Participating Individual Health rider (UIN: 110A167V02) & Tata AIA OPD Care, A Linked, Non-Participating Individual Health rider (UIN: 110A166V02).
Tata AIA Nifty Alpha 50 Index Fund is Available with the following products and solutions:
Tata AIA Param Rakshak II Solution, Tata AIA Param Rakshak II 2.0 Solution, Tata AIA Param Raksha IV Solution, Tata AIA Param Rakshak Plus Solution, Tata AIA Param Rakshak ROP Solution, Tata AIA Param Rakshak ROP 2.0 Solution; Tata AIA Param Rakshak Pro Solution, Tata AIA Param Rakshak Prime Solution and Tata AIA Pro-Fit.
Tata AIA Nifty Alpha 50 Index Fund is part of a various funds which a policyholder can choose from. • Nifty Alpha 50 Index Fund (SFIN: ULIF 077 30/09/24 NAF 110)