Tata AIA Life Insurance opened subscriptions for three new unit-linked funds — the Large Mid Cap Innovation Fund, Large Mid Cap Innovation Pension Fund, and Global AI & Technology Leaders Fund — with the New Fund Offer (NFO) running from March 24 to March 31, 2026.
Units will be issued at ₹10 for the two domestic funds and $10 for the global fund, at midnight on March 31.
The two domestic funds will invest in Indian large and mid-cap companies in innovation-driven sectors, with an equity allocation of 60 per cent to 100 per cent and the remainder in debt and money market instruments.
Both are benchmarked against the NSE 500 Index. The pension variant is exclusively available through Tata AIA’s unit-linked pension solutions, targeting policyholders building a retirement corpus.
The Global AI & Technology Leaders Fund takes a passive approach, tracking an index of global leaders in artificial intelligence, semiconductors, cloud infrastructure, and digital platforms. It will carry an equity exposure of 70 per cent to 100 per cent and will be available through Tata AIA’s Shubh Global Invest, a USD-denominated ULIP product.
“Innovation is reshaping economies, both in India and globally,” said Harshad Patil, Chief Investment Officer, Tata AIA Life Insurance. “We are providing our policyholders with the opportunity to invest in these transformative sectors while continuing to benefit from the protection of life insurance.”
All three funds are governed under IFSC regulations. The company’s assets under management stood at ₹1,45,795 crore as of February 28, 2026, reflecting 23 per cent year-on-year growth.
The two innovation funds carry a high-risk profile, and the linked insurance products do not permit surrender or partial withdrawal within the first five years of the policy.