Tata AIA Life Insurance Launches Small Cap Discovery Fund

Tata AIA Life Insurance (Tata AIA) on Thursday said that it has launched first dedicated Small-Cap fund -Tata AIA Small Cap Discovery Fund.

The New Fund will offer policyholders the opportunity to generate capital appreciation in the long-term by investing in small-cap market capitalisation stocks.

The New Fund Offering (NFO) window will remain open from 10 July to 24 July, at Rs 10 per unit, applicable only during the NFO period.

Harshad Patil, Executive Vice President and Chief Investment Officer (CIO) of Tata AIA Life Insurance, said, "The Government is focused on formalising the economy during the Amrit Kaal, which will benefit small businesses immensely. Further, growth in consumption demand, rising disposable income, and support for manufacturing will catalyse several smaller companies to become dominant in their sectors. Given these forces, the Tata AIA Small-Cap Discovery Fund offers our policyholders a great opportunity to maximise their investment by spotting such opportunities early and investing in them over the medium to long term."

Tata AIA Small Cap Discovery Fund will primarily invest (up to 65 per cent) in handpicked small-cap companies offering opportunities for long-term wealth creation. The fund provides investors with an opportunity to invest in quality businesses that are small but have the potential to grow into mid and large-cap companies, the company said.