Private life insurer Bharti AXA Life Insurance on Monday (September 18) announced the launch of its new fund offering (NFO) — Emerging Equity Fund.
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This is the first mid-cap fund launched by the insurer in more than 13 years — with an aim to provide long-term capital appreciation by investing in a portfolio of mid-cap companies, the company said in a press release.
The newly-launched fund will be managed by a team of seasoned professionals at Bharti AXA Life Insurance.
Since NFOs allocate their investments to new securities and strategies, they offer improved performance in certain market conditions. Early investors can also get the opportunity to enjoy higher returns as the fund's performance improves.
Customers can invest in Bharti AXA Life’s Emerging Equity Fund through three of Bharti AXA Life’s ULIP Plans: Bharti AXA Life Wealth Pro, Bharti AXA Life Grow Wealth, and the newly launched Bharti AXA Life Wealth Maximizer.
Parag Raja, MD and CEO of Bharti AXA Life Insurance said this NFO marks the company's first offering in more than 13 years since its last fund launch in 2010.
Bharti AXA Life Insurance Chief Investment Officer Rahul Bhuskute said Bharti AXA Life Emerging Equity Fund is the company's first-ever mid-cap offering. The company believes that mid-caps represent the emerging blue-chip companies of the future.
(Edited by : Shoma Bhattacharjee)
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