Context:
On August 19, 2025, Tata AIA Life Insurance Co Ltd launched the Momentum 50 Index Fund, with its New Fund Offer (NFO) priced at ₹10 per unit. The NFO will remain open until August 25, 2025.
Key Highlights:
- Portfolio: Invests in 50 high-momentum stocks selected from the BSE 500 universe, based on their recent strong performance.
- Unique Feature: Combines equity investment potential with life insurance protection for policyholders.
Momentum 50 Index Fund
A Momentum Index Fund is a type of equity-linked fund that invests in a basket of stocks selected based on their recent performance trend.
- The Momentum 50 Index Fund tracks the BSE 500 Momentum 50 Customised Index, consisting of 50 high-momentum stocks from the BSE 500 universe.
- Objective: To capture stocks likely to continue outperforming based on past price and earnings trends.
