Aegis Federal Life Insurance has launched the India Sector Leaders Fund, a first-of-its-kind offering in the life insurance sector. The fund allows policyholders to invest directly in leading domestic equities through a life insurance product.
This new fund is available under the New Finance Offer (NFO) from July 14. During the NFO period, units are priced at a Net Asset Value (NAV) of Rs. 10. After the subscription window, the NAV will move depending on the market performance.
The India Sector Leaders Fund will track the BSE India Sector Leaders Index.
The fund aims to generate medium to long-term returns by investing in companies that are leaders in their respective sectors. The portfolio will cover 22 sectors under the India Industry Classification Structure, offering broad diversification and lower concentration risk.
Ageas Federal Life Insurance said, the fund is designed for investors who want to link long-term wealth creation with India’s growth story. The fund combines the protection of a life insurance policy with market-linked returns.
Atul Srivastava, Chief Distribution Officer, Ageas Federal Life, said the new fund will give investors a chance to participate in the country’s economic growth through a sector-focused strategy.
Ageas Federal Life Insurance offers various insurance and investment products through its partnership with Federal Bank and other distribution channels.
As of March 31, 2025, the insurer manages assets worth over Rs 18,956 crore and has issued more than 19.71 lakh policies with a total sum assured of over Rs 1.87 lakh crore.
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