Tata AIA Life Insurance Co. Ltd. (Tata AIA) has launched a fund as part of its unit-linked insurance offering. Tata AIA NIFTY Alpha 50 Index Fund will invest in stocks that comprise the Nifty Alpha 50 Index, focusing on delivering market-linked returns along with life cover and health and wellness benefits.

Tata AIA Life Insurance has launched NIFTY Alpha 50 Index Fund. This new fund offering is part of its unit-linked insurance products (ULIPs) and will be open for subscription until September 30, 2024.

Tata AIA Life Insurance launched Tata AIA NIFTY Alpha 50 Index Fund, an open-ended NFO with an alpha investing strategy. The NFO is open until September 30. The fund focuses on high-performing stocks from the Nifty Alpha 50 index,

The Indian stock market benchmarks, Sensex and Nifty 50, reached new all-time highs, rising nearly one per cent. Key contributors included automakers like Mahindra and Mahindra, Maruti, and Tata Motors.

The S P BSE Sensex ended 264.27 points lower at 85,571.85, while the NSE Nifty50 settled 37.10 points lower at 26,178.95.

From the 30 Sensex firms, Titan, IndusInd Bank, Tata Steel, Infosys, Asian Paints, Tata Consultancy Services, Hindustan Unilever, Tech Mahindra, HCL Technologies and NTPC were the biggest gainers.