Tata AIA Life Insurance (Tata AIA) has launched an equity fund designed to give investors exposure to India’s "growth narrative".
The Rising India fund will be a sector-agnostic investment vehicle with 70-100% of its capital invested in equity and equity-related instruments.
The remaining capital will be allocated to debt and money market instruments.
The fund launch is based on anticipation of further economic growth in India as it embarks on its Atmanirbhar Bharat reform initiative, designed to make India a self-reliant economy.
"In recent years, India has displayed its global influence by becoming the fastest-growing major economy,” said Harshad Patil, executive vice president and chief investment officer.
“Through this new fund, we would like to offer our consumers an avenue to participate in and benefit from this incredible journey."
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