Tata AIA Life Insurance has launched its first Small-Cap fund, Tata AIA Small Cap Discovery Fund, offering policyholders long-term capital appreciation through investing in small-cap market capitalization stocks. The fund will be open from July 10 to July 24, 2023, at Rs. 10 per unit. With over 4500 companies in the Indian equity market, Tata AIA funds have consistently outperformed benchmarks, with a 21.73% return over 5 years. The fund focuses on handpicked small-cap companies, providing opportunities for long-term wealth creation.
Policyholders can invest in the fund through the company’s ULIP offerings, Fortune Pro, Wealth Pro, Fortune Maxima, Wealth Maxima, i Systematic Insurance Plan, and Smart SampoornaRaksha Plus. Tata AIA’s research process and methodology take a long-term view based on fundamental research. As of May 31, 2023, the company’s total Asset Under Management (AUM) grew by 30%, reaching INR 75,192 Cr.
Mr.Harshad Patil, Executive Vice President and Chief Investment Officer (CIO) of Tata AIA Life Insurance, said, “The Tata AIA Small-Cap Discovery Fund offers our policyholders a great opportunity to maximise their investment by spotting such opportunities early and investing in them over the medium to long term.”
