Tata AIA Life Insurance Introduces New Multifactor Fund Within ULIPs

Tata AIA Life Insurance has introduced the Tata AIA Multifactor Index Fund, a new unit-linked fund that combines life insurance with equity market exposure. The New Fund Offer (NFO) opened on 23 June 2026 and will remain open until 30 June 2026. 

Units will be allotted at a net asset value (NAV) of ₹10 on 30 June. The fund has been launched across a range of Tata AIA's existing ULIP products covering protection, savings and wealth accumulation segments. 

Index-Based Stock Selection 

The fund will track the Nifty 500 Multifactor MQVLv 50 Index. The index consists of 50 stocks selected from the broader Nifty 500 universe using 4 factors: low volatility, quality, value, and momentum. 

Unlike actively managed funds, the portfolio follows a predefined methodology linked to the index. Stock selection and weighting are determined through established rules rather than individual investment calls. 

Portfolio Composition 

According to the scheme details, equity exposure will range between 80% and 100% of the portfolio. The balance may be held in cash and money market instruments, subject to a limit of 20%. 

The fund is classified as high risk. Returns will depend on market performance, and there is no assurance of gains. As with all ULIPs, the product carries a mandatory five-year lock-in period during which withdrawals are not allowed. 

Available Through Multiple ULIP Plans 

The fund will be available through more than two dozen ULIP plans offered by Tata AIA. These include products such as Tata AIA Param Raksha Life, Smart Sampoorna Raksha Supreme and Fortune Pro. 

Policyholders investing through eligible plans can choose the new fund as part of their investment allocation. The launch expands the range of index-linked investment options available within the insurer's ULIP portfolio. 

Tata AIA's AUM Details 

As of 31 March 2026, Tata AIA reported assets under management (AUM) of ₹1,45,617 crore, marking an 18% increase from a year earlier. Premium income stood at ₹31,484 crore in FY25, up 23% compared with the previous year. 

Tata AIA is a joint venture between Tata Sons and AIA Group. The Asia-focused insurer operates across 18 markets and reported total assets of approximately $345 billion. 

Read More: SEBI Proposal May Allow Celebrity-Led Mutual Fund Ads with Scheme Restrictions! 

Conclusion 

The new fund offers exposure to a 50-stock, factor-based index within a ULIP structure, with investment performance linked to movements in the underlying equity market. 

For daily market updates and regular stock market news in Hindi, stay tuned to Angel One's share market news in Hindi. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.