A new thematic ULIP fund launched with multi-cap investment strategy

A new thematic ULIP fund launched with multi-cap investment strategy


Ageas Federal Life Insurance has launched the IndiGenius Fund, a new thematic equity fund available through select Unit Linked Insurance Plans (ULIPs).

The new fund offer (NFO) opens on July 10, at a net asset value (NAV) of ₹10 per unit.

The open-ended fund will invest in companies aligned with three long-term themes identified by the insurer — India’s growth story, indigenisation and ingenuity. It will follow a diversified multi-cap investment approach and be benchmarked against the BSE 500 Index.

Equity-focused portfolio

According to the insurer, the IndiGenius Fund will allocate 80% to 100% of its portfolio to equity and equity-linked instruments, while the remaining portion will be invested in cash and money market instruments to maintain liquidity.

The fund will invest across large-cap, mid-cap and small-cap stocks and will be actively managed in line with its stated investment objectives and applicable regulatory guidelines.

Available through select ULIPs

The thematic fund will be offered through select ULIP products, including AFLI Wealth Gain Insurance Plan, AFLI Platinum Wealth Builder Plan, AFLI ProGrow Plan and AFLI Smart Growth Plan.

ULIPs combine life insurance coverage with market-linked investments. Returns from the fund will depend on market performance, and the value of investments may rise or fall.

What investors should know

The fund is designed for policyholders seeking equity exposure through a thematic investment strategy within a ULIP structure. As with all market-linked insurance products, investment returns are not guaranteed and investors should evaluate the product’s risk profile, charges and suitability before investing.

ALSO READ | Mirae Asset MF bets on passive hybrid investing with two new fund launches



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *