Tata AIA Life Insurance Co Ltd has introduced a new Multicap Momentum Quality Index Pension Fund, opening for subscription from February 21 to February 28, 2025. The fund aims to tap into India’s equity markets while providing retirement planning solutions.
The pension fund will invest 80-100 per cent in equity and equity-related instruments aligned with the Multicap Momentum Quality 50 Index, with the remaining 0-20 per cent allocated to cash and money market securities. The fund carries a management charge of 1.35 per cent per annum.
Available through Tata AIA’s Smart Pension Secure plan, the fund can be accessed via multiple digital platforms including Policybazaar, Tata Neu, and PhonePe. The plan allows investors to start retirement as early as age 45 and offers tax benefits under Section 80CCC.
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According to Harshad Patil, Chief Investment Officer at Tata AIA, the fund combines momentum and quality investing strategies to deliver risk-adjusted returns for retirement planning. The company’s existing funds have shown strong performance, with its Multi Cap Fund delivering 25.32 per cent returns over the past five years compared to the benchmark return of 16.17 per cent.
Tata AIA reported significant growth in its Assets Under Management, reaching ₹118,721 crore as of January 31, 2025, representing a 27.36 per cent year-over-year increase.
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