Tata AIA Life Insurance has launched the Tata AIA Momentum Value 50 Index Fund, a unit-linked investment option designed to combine momentum and value investing approaches while providing equity market exposure alongside life insurance protection.
The fund will select companies from the BSE 500 universe based on momentum and value characteristics and will be benchmarked against the BSE 500 Momentum Value 50 Index (Customized), in line with applicable IRDAI requirements. The fund will invest 80-100 per cent in equity and equity-related instruments, with 0-20 per cent allocated to cash, money market instruments and mutual funds.
The New Fund Offer (NFO) will remain open from September 23 to September 30, with units issued at Rs 10. Tata AIA said the fund follows a rules-based approach, with momentum focusing on companies showing stronger market trends and value identifying opportunities based on valuations relative to fundamentals.
In Guwahati, the product comes as investors increasingly look at diversified, long-term financial instruments that combine investment and protection. The fund’s market-linked structure could provide another option for consumers seeking equity participation through a systematic ULIP framework, although returns remain subject to market risks.
Harshad Patil, Chief Investment Officer, Tata AIA Life Insurance, said the multifactor approach offers consumers a broader framework to evaluate equity opportunities across market cycles.
Tata AIA reported premium income of Rs 38,164 crore in FY26, up 21 per cent from FY25, while its AUM stood at Rs 1,45,589 crore as of March 31, 2026.
