Tata AIA Life Insurance has launched two new fund offers (NFOs) to capitalise on India’s growing consumer market.
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The Tata AIA Life Tax Bonanza Consumption Fund and Tata AIA Life Tax Bonanza Consumption Pension Fund aim to invest in companies benefiting from rising incomes and changing spending patterns.
The NFOs will be open from March 24 to March 31, 2025, with units priced at ₹10 each.
Investment rationale
The recent tax reforms have increased disposable income, fueling demand across sectors like FMCG, retail, e-commerce, and automobiles. India’s expanding middle class, young workforce, and digital transformation are driving long-term consumption growth.
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Fund details
Investment focus: Companies benefiting from India’s domestic consumption boom.
Asset allocation: 60%-100% in equity, 0%-40% in cash and money market securities.
Risk profile: Long-term capital appreciation with a balanced risk approach.
Life insurance coverage: Investors also get financial protection for their families.
Key sectors
The funds will invest in sectors poised for growth, including:
FMCG: Companies producing essential and discretionary goods.
Retail & E-commerce: Businesses benefiting from online shopping trends.
Automobiles & Premium Goods: Industries gaining from rising disposable incomes.
The Tata AIA Life Tax Bonanza Consumption Pension Fund is available exclusively with Tata AIA’s unit-linked pension plan.
Harshad Patil, Chief Investment Officer at Tata AIA, said, “India’s consumption patterns are evolving rapidly. These funds offer investors an opportunity to grow wealth while leveraging tax benefits.”
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Content retrieved from: https://www.cnbctv18.com/personal-finance/tata-aia-life-insurance-tax-bonanza-consumption-pension-fund-nfo-19576995.htm.
