Tata AIA Life Insurance launches `Small Cap Discovery Fund’

Tata AIA Life Insurance (Tata AIA),  has launched its first dedicated Small-Cap fund, Tata AIA Small Cap Discovery Fund. The New Fund will offer policyholders the opportunity to generate capital appreciation in the long-term by investing in small-cap market capitalisation stocks. Small-cap stocks are a significant part of the Indian equity market, with more than 4500 companies. Among these, approximately 500 stocks have a market cap higher than Rs.2000 crore. The New Fund Offering (NFO) window will remain open from July 10 to July 24, 2023, at Rs. 10 per unit, applicable only during the NFO period.