MUMBAI:
One of India’s leading private life insurance firms, Ageas Federal Life Insurance (AFLI) today announced the launch of its latest offering, the Multicap Fund, as part of its ULIP (Unit Linked Insurance Plan) portfolio. This open-ended fund is designed to deliver returns by strategically investing in a diversified portfolio of listed companies spanning various market caps.
“We are excited to present a new addition to our ULIP portfolio, targeting capital appreciation returns via diversified investments across various market caps. Our commitment to providing innovative and value-driven solutions is reinforced with the introduction of the Multicap Fund. This strategic addition to our ULIP portfolio aims to deliver attractive returns for our customers while ensuring diversification and risk management,” said Vighnesh Shahane, MD & CEO of Ageas Federal Life Insurance.
The launch of the Multicap Fund underscores Ageas Federal Life Insurance’s continuous efforts to enhance its product offerings and meet the evolving financial needs of its customers,” Shahane added.
As of February 5th, 2024, the Multicap Fund will be incorporated into the following products:
· Platinum Wealth Builder
· Smart Growth Plan
· Wealthsurance SP II
The Multicap Fund is designed to help customers grow their capital by investing in a carefully curated blend of well-established blue-chip companies, emerging blue-chip companies, mid-cap companies, and select small-cap companies. With a focus on the medium to long term, the fund aims to spread risks by investing in stocks across various sectors, providing customers with a diversified and potentially rewarding investment strategy.
Key details of the Multicap Fund include:
· Fund Name: Multicap Fund
· Investment Objective: Capital appreciation through a diversified portfolio across market caps.
· Investment Horizon: Medium to long term.
The launch of the Multicap Fund underscores Ageas Federal Life Insurance’s continuous efforts to enhance its product offerings and meet the evolving financial needs of its customers.
