Tata AIA Life Insurance has introduced its first Small-Cap fund, Tata AIA Small Cap Discovery Fund, which provides policyholders with long-term capital appreciation by investing in firms with a market value of less than $1 billion. The fund will be open from July 10 through July 24, 2023, with units priced at Rs. 10. Tata AIA funds have regularly exceeded benchmarks in the Indian equities market, with a 21.73% return over 5 years. The fund focuses on chosen small-cap firms that offer long-term wealth growth potential.
Policyholders can invest in the fund through Fortune Pro, Wealth Pro, Fortune Maxima, Wealth Maxima, I Systematic Insurance Plan, and Smart SampoornaRaksha Plus, among other ULIP options from the firm. Tata AIA’s research approach and methods are based on basic research and adopt a long-term perspective. The company’s overall Asset Under Management (AUM) increased by 30% as of May 31, 2023, hitting INR 75,192 Cr.
Mr.Harshad Patil, Executive Vice President and 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.”
