This is in addition to the existing fund options – Secure, Balanced, Growth and Protector Funds available currently for most of Aviva’s products. The Index fund aims to create long term wealth by investing in Nifty 50 companies and has a lower fund management charge as compared to other equity linked funds. The fund can invest in equities in the range of 80-100% and debt and money market securities in the range of 0-20%
The Bond fund aims to generate a steady income through investment in fixed income securities. It comprises of 100% debt and money market with no exposure to equities. The Enhancer fund aims to provide long-term capital growth with high equity exposure. The fund will invest in equities in the range of 60-100% and debt and money market in the range of 0-40%.
Bert Paterson, managing director of Aviva India, said: Insurance is a long-term investment and we encourage our customers to continue with their policies till maturity. These additional funds do this as well as offering our customers more choice and control.
