Tata AIA Life Insurance launches ‘Flexi Growth Fund’

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Tata AIA Life Insurance launches ‘Flexi Growth Fund’ Tata AIA Life Insurance( Tata AIA) has introduced’ Flexi Growth Fund’ that allows policyholders to invest in large, medial and small cap space. The New Fund Offering( NFO) with unit- linked products window will remain open until December 31, 2023, at a NAV of ₹ 10 per unit.

” At any given time, the NFO can be stoutly fat or light across large/ medial/ small caps, depending on its attractiveness. It can pick and choose sectors to invest in grounded on the outlook,” Tata AIA Life Insurance said.

opining on the Flexi Growth Fund launch, Harshad Patil, Executive Vice President and Chief Investment Officer( CIO) of Tata AIA, said, “ Tata AIA Flexi Growth Fund will invest in stocks across request capitalisation to induce capital appreciation in the long run. In order to maintain inflexibility, the fund will invest in precisely named companies offering openings across large, medial, and small- cap macrocosm.”

Tata AIA Life Insurance launches ‘Flexi Growth Fund’

To induce capital appreciation in the long run, 70- 100 of the fund’s investments will be made in equity and equity- related instruments and 0- 30 in debt and plutocrat request instruments.

Tata AIA policyholders can invest in this fund through the company’s ULIP immolations, including Fortune Pro, Wealth Pro, Fortune Maxima, etc. They can also invest in the fund through ILP resultse.g. Param Rakshak Plus or the recently launchedPro-fit, the life insurance establishment said.

As of November 30, 2023, the company’s total Asset Under Management( AUM) was ₹ 86,729 crore. Check out our in- depth Market Coverage, Business News & get real- time Stock Market Updates on CNBC- TV18. Also, Watch our channels CNBC- TV18, CNBC Awaaz and CNBC Bajar Live on- the- go!

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