Tata AIA Life Insurance has launched, NFOs under the aegis of #ProtectYourFuture i.e., Sustainable Equity Fund & Dynamic Advantage Fund. NFO with Unit Linked Products window open from 18th to 31st March 2023, at NAV of Rs.10 per unit
Tata AIA’s Sustainability Equity Fund seeks to generate capital appreciation in the long term by investing in companies that adopt sustainable or Environmental, Social and Governance (ESG) friendly practices. The fund will invest 80-100% in equity and equity-related instruments following ESG criteria and upto20% in other equities or debt or money market instruments. Demonstrating the fund’s core philosophy, Tata AIA will plant a sapling that will be geo-tagged and provide a digital certificate of the same to every policyholder, investing in this fund.
Tata AIA’s Dynamic Advantage Fund aims to generate superior and steady returns, despite factors like market volatility. The fund will dynamically allocate the investment corpus between Equity and Debt depending on market conditions.
Investments in the two NFOs can be made through Tata AIA’s ULIP offerings like Fortune Pro, Wealth Pro, Fortune Maxima and Wealth Maxima. Consumers can also avail this opportunity by purchasing Tata AIA’s unique investment-linked protection solutions, Param Rakshak and Sampoorna Raksha Supreme.
Harshad Patil, Executive Vice President and Chief Investment Officer (CIO), Tata AIA Life Insurance, said, “It may be noted that the ESG 100 index in India has given better returns than the broader Nifty 50 or 100 index over 3 and 5 years duration.”
“The Dynamic Advantage Fund aims to provide investors returns despite volatile market conditions. It will do so by dynamically investing in a combination of equity and debt avenues.” Harshad added.
Tata AIA’s ULIP funds have been rated very highly by fund trackers. 99% of the rated AUM of Tata AIA is rated either 4 stars or 5 stars on a 5-year basis as of March 31st, 2022, by Morningstar Rating. Tata AIA Life had a total Assets Under Management (AUM) of INR 69286 crore as of 28th February 2023.