Ageas Federal Life Insurance has launched the Momentum Growth Fund, an investment option designed to align with India’s economic expansion. The fund is open for subscription from February 10, 2025, to February 21, 2025, offering investors an opportunity to capitalise on market trends while ensuring life coverage when combined with the company’s insurance policies.
The Momentum Growth Fund follows the Nifty 500 Momentum 50 Index, which has recorded a 25.97% CAGR over the past five years and 22.90% CAGR since its inception. By employing a systematic approach, the fund eliminates fund manager bias, ensuring investments are guided purely by market momentum. It diversifies holdings across multiple sectors to mitigate risk while aiming for stable long-term growth.
Jude Gomes, MD & CEO of Ageas Federal Life Insurance, highlighted India’s 6.4% GDP growth projection for FY25 as a sign of the country’s robust economic standing. He stated that the Momentum Growth Fund aligns with this growth trajectory, providing investors with long-term financial opportunities.
Ageas Federal Life Insurance currently manages assets worth ₹17,455 crore and has issued 16.88 lakh policies, covering a sum assured of ₹1,54,425 crore as of 31st March 2024. The company operates through a vast network of over 3,800 branches.
With a data-driven investment strategy and strong financial backing, the Momentum Growth Fund offers a structured approach to tracking India’s economic momentum. By integrating it with life insurance, Ageas Federal Life Insurance aims to provide investors with both financial growth and security.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Published on: Feb 11, 2025, 4:29 PM IST
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