Tata AIA Life Insurance on Monday launched the Tata AIA Multifactor Index Fund, a unit-linked investment fund combining equity market exposure with life insurance protection, targeting investors seeking to reduce the impact of market volatility on long-term wealth creation.
The fund selects 50 stocks from the Nifty 500 universe using four factors — low volatility, quality, value and momentum — and tracks a customised benchmark, the Nifty 500 Multifactor MQVLv 50 Index. The strategy is passive and rules-based, removing discretionary stock-picking from portfolio construction.
The New Fund Offer opened on 23 June 2026 and closes 30 June 2026. Units will be allotted at a Net Asset Value of ₹10, effective 30 June. The fund maintains an equity allocation of 80 to 100 per cent, with up to 20 per cent in cash and money market instruments for liquidity management.
The product is available across more than two dozen of the company’s ULIP plans spanning protection, savings and wealth categories, including Tata AIA Param Raksha Life, Smart Sampoorna Raksha Supreme and Fortune Pro, among others.
Tata AIA reported Assets Under Management of ₹1,45,617 crore as of 31 March 2026, an 18 per cent increase year-on-year. The company ranked among the top three private insurers by Individual Weighted New Business Premium in FY25, recording premium income of ₹31,484 crore, up 23 per cent from the previous year.
Tata AIA is a joint venture between Tata Sons and AIA Group, the Hong Kong-listed pan-Asian insurer with total assets of $345 billion and operations across 18 markets.
The fund carries a high-risk rating. As with all unit-linked products, premiums are subject to market risk, returns are not guaranteed, and the investment is locked in for a minimum of five years with no withdrawal permitted during that period.