The fund will select stocks from the BSE 500 universe based on momentum and value characteristics, with the methodology customised to meet applicable IRDAI requirements. It will be benchmarked against the BSE 500 Momentum Value 50 Index (Customised).
Under the asset-allocation framework, the fund will invest 80-100% in equity and equity-related instruments, while 0-20% can be allocated to cash, money-market instruments and mutual funds.
The fund’s new fund offer (NFO) will remain open from September 23 to September 30, with units being issued at an NAV of ₹10.
Tata AIA said the fund brings together two investment approaches. Momentum investing focuses on stocks that have shown relatively stronger market performance trends, while value investing seeks companies that may be attractively valued relative to their fundamentals.
Harshad Patil, Chief Investment Officer, Tata AIA Life Insurance, said the fund combines the two investment characteristics through a systematic framework that considers market trends and valuation.
The fund will be available through select Tata AIA Life Insurance ULIP solutions. As it is a market-linked investment option, its returns will depend on the performance of the underlying investments and broader market conditions.
The company has classified the fund as carrying a high-risk profile and said past performance is not indicative of future returns. Investments in ULIPs are subject to market risks and the NAV can rise or fall depending on the performance of the fund and factors affecting capital markets.
Policyholders should also note that linked insurance products do not provide liquidity during the first five years of the contract. The company said policyholders cannot completely or partially surrender or withdraw the money invested in linked insurance products until the end of the fifth year.
The product combines investment with life insurance protection, with the exact benefits, charges, terms and conditions depending on the underlying ULIP solution and policy selected.
First Published: Sept 23, 2026 11:22 AM IST