Tata AIA launches two multicap ULIP equity funds

The funds are benchmarked against the Nifty 500 Index.

Tata AIA Life Insurance Co. Ltd. launched two new equity-oriented funds, the Tata AIA Multicap Opportunities Fund and the Tata AIA Multicap Opportunities Pension Fund, aimed at investors seeking diversified exposure to India’s equity market through unit-linked insurance plans (ULIPs).

The funds follow a multicap investment approach and are benchmarked against the Nifty 500 Index, which represents more than 90% of India’s free-float market capitalisation. 

They invest across large-, mid- and small-cap stocks to spread risk across sectors and company sizes, whilst allowing flexibility to manage market volatility.

Both funds were open for subscription during a New Fund Offer (NFO) period from 24 December 2025 to 31 December 2025, at an initial price of ₹10 per unit. 

They will be available exclusively through Tata AIA’s ULIPs, combining market-linked investment returns with life insurance cover.

The equity exposure under the funds will range from 60% to 100%, with up to 40% allocated to debt and money market instruments to help manage risk under varying market conditions. 

The structure is designed for long-term investors looking to participate in India’s growth whilst maintaining portfolio flexibility.

Harshad Patil, Chief Investment Officer at Tata AIA Life Insurance, said India’s growth is becoming more evenly spread across sectors and company sizes. 

He said a multicap strategy allows investors to take part in this broader growth without relying on a single segment of the market, whilst the ULIP structure enables investors to combine investment and protection in one long-term plan.