The Sustainable Equity Fund and Dynamic Advantage Fund new fund offerings (NFOs) have been made available by Tata AIA Life Insurance at net asset values (NAVs) of Rs 10 per unit. According to a press release from Tata AIA Life Insurance, the NFOs began trading on March 18, 2023.
The Sustainability Equity Fund, according to Tata AIA Life Insurance, would invest in businesses that use sustainable or ESG-friendly methods in an effort to provide capital appreciation over the long term. Following ESG criteria, the fund will invest 80–100% in stock and equity-related products and up to 20% in other equity, debt, or money market instruments.
According to the fund’s guiding principles, Tata AIA Life Insurance will plant a tree that is geo-tagged and provide each policyholder who invests in the fund a digital certificate of the same.
According to Tata AIA Life Insurance, the Dynamic Advantage Fund of Tata AIA would dynamically divide the investment corpus between equities and debt, depending on market circumstances, and strive to provide a better and stable return despite market volatility.
The insurer claims that customers can purchase investments in the two NFOs through the Fortune Pro, Wealth Pro, Fortune Maxima, and Wealth Maxima unit-linked insurance plans (Ulips) of Tata AIA Life Insurance as well as other investment-linked protection products like Param Rakshak and Sampoorna Raksha Supreme.
According to Tata AIA Life Insurance, the two products would provide customers access to market-linked profits while simultaneously providing life insurance protection for their loved ones.
“Protecting our future is vital in these times of volatility and economic uncertainty,” said Harshad Patil, executive vice-president and chief investment officer (CIO) of Tata AIA Life Insurance. Meanwhile, we are seeing huge climate shifts that amply demonstrate the detrimental effects of our planet’s fast urbanisation and growth. In light of this, we have developed two distinctive NFOs that will help investors get through these difficulties while helping to improve the future of our world.
The Tata AIA Sustainable Equity Fund, he said, “offers investors a rare chance to profit from sustainable investment channels to safeguard their financial futures while contributing to the development of a brighter future for humanity. It should be observed that the ESG 100 index in India has outperformed the larger Nifty 50 or 100 index over a three- and five-year period, repeating similar tendencies.
“Despite the erratic nature of the market, the Dynamic Advantage Fund seeks to provide returns for investors. It will do this by proactively investing in a range of debt and equity-related opportunities. So, investors may profit from the growth potential of the stock market as well as the downside protection provided by debt fund investments. Investors are no longer need to monitor the markets intently and adjust their
Given the frequent and abrupt market swings, managing your portfolio manually is practically difficult, he said.
