Bharti AXA Life Insurance has launched New Fund Offering (NFO) – Emerging Equity Fund, its first mid-cap fund that aims to provide long-term capital appreciation through investing in a portfolio of mid-cap companies, according to a statement released by the company today.
The statement said that this mid-cap fund will offer higher returns, productivity and profitability and will also have more growth potential. Since NFOs allocate their investments to new securities and strategies, they offer improved performance in certain market conditions. Early investors can also get the opportunity to enjoy higher returns as the fund’s performance improves.
Parag Raja, MD and CEO, Bharti AXA Life Insurance, said in the statement, “This New Fund Offering marks our first offering in more than 13 years since our last fund launch in 2010. By participating in our New Fund Offering, investors can access the investment market with a modest initial capital during the subscription period, taking advantage of the New Fund Offering’s base value, and potentially reap substantial long-term capital growth.”
Investing through Bharti AXA Life’s Emerging Equity Fund will allow investors to diversify their investments. Adding different asset classes can help spread risk and increase the overall portfolio performance. Customers can invest into Bharti AXA Life’s Emerging Equity Fund through three of Bharti AXA Life’s ULIP Plans: Bharti AXA Life Wealth Pro, Bharti AXA Life Grow Wealth and Bharti AXA Life Wealth Maximizer.
Rahul Bhuskute, Chief Investment Officer (CIO), Bharti AXA Life Insurance, also mentioned in the statement, “Bharti AXA Life Emerging Equity Fund is our first ever mid-cap fund offering. We firmly believe that mid-caps represent the future’s emerging blue-chip companies. This category of stocks possesses the potential to yield robust long-term wealth, outperforming returns from large-cap counterparts. Mid-cap stocks can complement both high-risk and low-risk investment strategies, offering investors a balance of stability and growth.”