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Today Date : Monday, May 27, 2024

Tata AIA Life Insurance Launches NFO Offerings

Tata AIA Life Insurance Launches NFO Offerings

Tata AIA Life Insurance (Tata AIA) has launched, NFOs under the aegis of #ProtectYourFuture. It is Sustainable Equity Fund & Dynamic Advantage Fund at NAV of Rs. 10 per unit. NFO with Unit Linked Products window open from March 18- 31. Tata AIA’s Sustainability Equity Fund seeks to generate capital appreciation in the long term by investing in companies that adopt sustainable or Environmental, Social and Governance (ESG) friendly practices. The fund will invest 80-100% in equity and equity related instruments following ESG criteria and upto20% in other equities or debt or money market instruments. 

Harshad Patil, Executive Vice President and Chief Investment Officer (CIO), Tata AIA Life Insurance, said,  “ Tata AIA’s Sustainable Equity Fund offers investors a unique opportunity to benefit from sustainable investment avenues to secure their financial future while helping create a better tomorrow for mankind. It may be noted that echoing these trends, the ESG 100 index in India has given better returns than the broader Nifty 50 or 100 index over 3 and 5 years duration.”