Multicap Momentum Quality Index Fund launched by Tata AIA Life Insurance
Tata AIA Life Insurance has launched the Tata AIA Multicap Momentum Quality Index Fund, the company’s newest investment product for long-term capital growth. It will track the Nifty 500 Multicap Momentum Quality 50 Index, as well as combine the benefits of stock picking from a momentum perspective and high-quality investments in delivering its strategy.
Launched New Product/Strategy
Factor-based New fund, which invests in momentum and quality following the Nifty 500 Multicap Momentum Quality 50 Index through a strict discipline and rule-based approach replicating the index. Hence stocks across large-cap, mid-cap, and smallcap segments are included in portfolios – making one option suit varied interests among its numerous investors.
With its equity and equity-related instruments portfolio at 80-100%, the balance 0-20% of which is kept as cash or money market instrument for correct liquidity management.
The fund is available to Tata AIA Life Insurance policyholders through unit-linked insurance plans, such as the Tata AIA Param Raksha Solutions and the Tata AIA Pro-Fit plan. These plans integrate the possibility of capital appreciation through equity investments with life and health insurance covers to give consumers and their families a one-stop, all-around financial solution.
Key Benefits Provided to the Investors
- Diversification Across Market Caps: It invests in large-cap, mid-cap, and small-cap stocks, which brings together the stability of large-cap stocks with the growth potential of smaller companies.
- Focus on Momentum and Quality: The strategy focuses on momentum-driven, high-quality stocks to maximize returns while maintaining a fundamentally strong portfolio.
- Diversification with a Balanced Asset: The balanced asset would assure growth opportunity through equities with liquidity provided through cash and money market instruments.
- Rule-Based Investing: The fund adheres to the disciplined principles of the Nifty 500 Multicap Momentum Quality 50 Index.
Tata AIA Life Insurance has performed well in terms of strong fund performance. In November 2024, the rated assets under management earned 96.22% 4 or 5-star ratings from Morningstar. Its three existing funds, Multi Cap Fund, Top 200 Fund, and India Consumption Fund, have given five-year CAGR returns of 28.22%, 28.52%, and 26.95%, respectively. Those are very strong returns, leaving their respective benchmarks far behind, with a CAGR of 17.12%.
Tata AIA Multicap Momentum Quality Index Fund
The Tata AIA Multicap Momentum Quality Index Fund is open for investment and will close on 31st December 2024. The offering can be of great interest to those looking to make long-term investments for potential growth, where discipline in quality-focused investment plays an essential role in one’s portfolio. It supports Tata AIA Life Insurance’s goal of providing customers with outstanding investment solutions that are coupled with adequate insurance coverage.
