The Business Bytes
THEBUSINESSBYTES BUREAU
MUMBAI, FEBRUARY 10, 2025
Ageas Federal Life Insurance, a leading private life insurer in India, has introduced its latest investment offering—the Momentum Growth Fund. Open for subscription from February 10 to February 21, 2025, the fund provides an attractive opportunity for investors looking to capitalize on India’s strong long-term economic growth within the Unit-Linked Insurance Plan (ULIP) segment.
Strategically aligned with the Nifty 500 Momentum 50 Index, the fund is designed to deliver robust returns over the medium to long term. The index has recorded an impressive 25.97% CAGR over the past five years and a 22.90% CAGR since inception, making it a compelling choice for wealth creation. By diversifying investments across multiple sectors and companies within the index, the Momentum Growth Fund aims to balance risk while fostering steady, sustainable growth.
Speaking on the launch, Jude Gomes, MD & CEO of Ageas Federal Life Insurance, highlighted the fund’s role in supporting India’s economic expansion.
“With a GDP growth rate of 6.4% in FY25, India continues to be the fastest-growing economy. At Ageas Federal Life Insurance, we align with the government’s vision for India’s growth story. The Momentum Growth Fund embodies our commitment to empowering customers with financial solutions that meet their long-term aspirations. Through this launch, we aim to bridge individual wealth creation with national progress, fostering a future of shared prosperity,” said Gomes.
Designed to help investors navigate dynamic stock market trends, the Momentum Growth Fund eliminates potential fund manager bias and leverages a disciplined, data-driven strategy. Furthermore, it offers the additional benefit of comprehensive life coverage through Ageas Federal Life Insurance’s innovative, customer-centric ULIP offerings.
