The insurer has launched the Large Mid Cap Innovation Fund, the Large Mid Cap Innovation Pension Fund, and the Global AI & Technology Leaders Fund. The new fund offer (NFO) for these schemes will be open from March 24 to March 31, 2026, with units issued at a net asset value of ₹10 for domestic funds and $10 for the global fund.
The two domestic funds will invest primarily in large- and mid-cap companies, with a focus on businesses linked to innovation-led sectors. The Large Mid Cap Innovation Pension Fund will be available through pension-oriented ULIP products, targeting long-term retirement savings. Both funds are benchmarked to the NSE 500 Index and may allocate between 60% and 100% to equities, with the balance in debt and money market instruments.
The Global AI & Technology Leaders Fund will follow a passive strategy, tracking an index of companies involved in artificial intelligence, semiconductors, and related technologies. The fund will invest largely in equities, with an allocation range of 70% to 100%, and will be offered through a dollar-denominated ULIP product.
The funds are regulated under International Financial Services Centre (IFSC) norms. As market-linked products, returns will depend on underlying asset performance and may be subject to volatility.
Separately, the company said its assets under management stood at ₹1.46 lakh crore as of February 28, 2026, reflecting a 23% year-on-year increase.
ULIPs typically carry a lock-in period of five years, during which withdrawals are restricted.
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