Tata AIA Life Insurance has announced the launch of its Emerging Opportunities Fund that will invest in mid-cap companies and emerging market leaders with the potential to generate significant future growth.
The new fund offering (NFO) will remain open from 15 to 30 December 2022, at INR10 (US$0.12) per unit, which is applicable only during the NFO period, the insurer announced in a press release.
Investments in the fund can be made through Tata AIA’s unit-linked insurance plans (Ulips), such as Fortune Pro, Wealth Pro, Fortune Maxima and Wealth Maxima.
In addition, this fund will also be attached to Tata AIA’s Param Rakshak Solutions. This offers consumers the opportunity to benefit from the long-term growth potential of equity, while also securing their loved ones with the protection of a life insurance cover, the insurer said.
According to the insurer, the investment objective of the fund is to generate capital appreciation in the long-term by investing in a portfolio of stocks that offer opportunities in the mid-cap space and emerging leaders in the new age sectors offering significant long-term wealth creation.
The fund can invest up to 30% of the portfolio in equity and equity-related instruments falling outside the mid-cap range.
According to the insurer, this is an equity fund and, therefore, it is suitable for consumers who are looking to benefit from the long-term growth potential in equity and have a relatively high-risk appetite.