Tata AIA Life Insurance has launched its latest investment product, the Tata AIA Multicap Momentum Quality Index Fund. This new offering aims to provide long-term capital appreciation by investing in a portfolio of stocks replicating the Nifty 500 Multicap Momentum Quality 50 Index. The New Fund Offer (NFO) window is open from 24th December to 31st December 2024.
The fund follows a three-pronged MQM strategy: investing in momentum-driven stocks, selecting high-quality stocks, and ensuring diversified exposure across large-cap, mid-cap, and small-cap segments. With 80%-100% of its assets in equity instruments and up to 20% in cash and money market instruments, the fund offers a balanced approach to growth and liquidity.
HarshadPatil, Executive Vice President and CIO of Tata AIA, highlighted the strategic blend of growth opportunities and financial security through life cover and health management services. “This fund combines the best of both worlds: wealth creation and life security,” he said. For investors in Guwahati, the market’s increasing focus on long-term wealth-building products like Tata AIA’s Multicap Fund aligns with the growing interest in systematic, diversified investment options. As more individuals seek robust financial solutions, Guwahati’s market presents a significant opportunity for such insurance-linked investment products to gain traction.