Tata AIA Whole Life Income Fund

Tata AIA Whole Life Income Fund Facts are:

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Investment Objective

The fund’s purpose is to achieve long-term capital growth. Debt investments, with their monthly accrual income, are an important aspect of any investor's portfolio. It gives an investor’s portfolio a sense of security. Investors with a medium to long investment horizon can earn tax-efficient accrual income and capital gains.

Fund Summary

1. Date of Inception / Launch

   • Previously, Tata AIA Whole Life Income Fund was opened and then closed in the year 1997. 

   • The new name TATA Income fund took effect on May 03, 2018.

2. The amount of risk

   • The Scheme's Riskometer is "Low to Medium," making it only suited for long-term capital growth investors (for a minimum of the 7-year horizon).

3. Redemption

   • Investors who redeem their units will receive redemption proceeds based on the main portfolio's NAV and will keep their segregated portfolio units.

   • Investors shall receive redemption amount (If units are redeemed) & units (if units are purchased) through broker/clearing member's pool account. 

4. Investment Manager

   • Akhil Mittal handles debt funds at TAM, including short and long-term funds, fixed-income and ultra-short funds allocation in hybrid funds.

   • In June 2014, Akhil Mittal joined TAM as a senior fund manager.

   • He began his career in the treasury department of Rallis India Limited in 2004, where he had worked until 2006, overseeing capital management, foreign exchange management, and banking.

   • Akhil Mittal has a bachelor's degree in commerce and an MBA from UBS (University Business School).

5. Load on entry and exit

   • No entry load or exit load will be levied on the units issued under income distribution. AMC reserves the right to modify or withdraw this facility without prior notice. Entry Load: Nil. (Entry Load is not applicable, w.e.f. August 01, 2009)

   • Exit Load: Nil

   No exit load shall be charged for any switch between Regular Plan and Direct Plan where the transaction has been received without broker code in the Regular Plan. Units issued on reinvestment of Income Distribution cum capital withdrawals shall not be subject to exit load

Fund Return Summary

*Returns are subject to change. The investment risk in the investment portfolio is borne by the policyholder.

Pros and Cons

This section covers multiple pros and cons of the Tata AIA ULIP Whole Life Income fund.

Fund Benefits

Some of the benefits offered by the fund are:

• Unlike equity funds, the Tata AIA Whole Life Income Fund carries moderate risk. This is beneficial as your invested capital will stand at moderate risk and hence, will stay safe. 

• The fund has been performing consistently well, which makes it a viable option for investment. 

• The minimum investment required is not very high, which makes it an available investment option for more and more people. 

• No entry load and exit load (if not withdrawn before completing 365 days) makes it even more convenient for investors as they can enter or exit the fund whenever they wish.

Who Should Invest?

The TATA AIA Whole Life Income Fund is suitable for:

• Investors with a risk appetite

• Investors looking for capital appreciation in short or long term

In Conclusion

TATA AIA unit-linked insurance fund allows for greater control over your financial future by providing capital growth.

The Tata AIA Whole Life Income Fund is an open-ended fund which means that its ability to invest in the markets depends on your behavior as an investor. However, it cannot always guarantee returns since the stock markets cannot be controlled by an individual or company. It surely helps build a good corpus over time.

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