Ageas Federal Life Insurance bets on India’s Economic Growth Launches Momentum Growth Fund
City Air News
Feb 10, 2025 01:18
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Mumbai, February 10, 2025: Ageas Federal Life Insurance, a leading private life insurer in India, has launched its latest investment offering—the Momentum Growth Fund. Opening February 10th – February 21st 2025, this new offering presents an attractive opportunity for investors aiming to benefit from India's robust long-term economic growth within the ULIP segment. It is strategically aligned with the Nifty 500 Momentum 50 Index, which has delivered remarkable returns of 25.97%* CAGR over the past five years, and 22.90% CAGR since its inception.
With a focus on delivering strong returns over the medium to long term, the fund diversifies investments across a wide range of companies and sectors within the index, helping to mitigate risk while promoting steady, sustainable growth. This disciplined, strategic approach offers customers a rewarding and resilient investment strategy that is well-aligned with India’s thriving economy.
Jude Gomes, MD & CEO of Ageas Federal Life Insurance, said, “With a GDP of 6.4% in FY 25, India still remains the fastest growing economy. At Ageas Federal Life Insurance, we support the government’s vision for India’s growth story. The Momentum Growth Fund reflects our commitment while empowering customers with solutions that meet their long-term financial aspirations. With this launch, we aim to bridge individual wealth creation and national progress, contributing to India’s extraordinary growth story and fostering a future of shared prosperity."
The fund empowers investors to navigate the ever-changing stock market trends effectively, while removing any potential fund manager bias. Additionally, it offers the advantage of comprehensive life coverage through Ageas Federal’s innovative and customer-centric insurance plans. The Momentum Growth Fund will be available alongside Ageas Federal Life Insurance’s flagship offerings.
