Tata AIA Life Insurance has launched the Tata AIA Momentum Value 50 Index Fund, a unit-linked investment option combining momentum and value investment approaches to provide diversified equity exposure along with life insurance protection. The fund will select companies from the BSE 500 universe based on momentum and value characteristics, customised to meet IRDAI requirements, and will be benchmarked against the BSE 500 Momentum Value 50 Index (Customized). The momentum approach focuses on companies showing relatively stronger market performance, while the value strategy identifies companies that may offer attractive valuations relative to their fundamentals.
The fund’s New Fund Offer (NFO) will remain open from September 23 to September 30, with units issued at a NAV of Rs 10. The fund will allocate 80-100 per cent to equity and equity-related instruments, while up to 20 per cent may be invested in cash, money market instruments and mutual funds. In Guwahati, the launch comes amid growing interest in market-linked financial products as investors seek diversified avenues for long-term wealth creation. The combination of investment exposure and life insurance protection could appeal to consumers in the region looking for financial products that integrate investment and protection objectives.
Harshad Patil, Chief Investment Officer, Tata AIA Life Insurance, said the fund combines momentum and value characteristics through a systematic and transparent framework to address evolving consumer needs.