Fund to invest in emerging businesses out of India
Star Union Dai-ichi Life Insurance Co Ltd (SUD Life) has launched two new funds, creating opportunities for Indians to participate in India’s growth story as well as invest in new emerging business focused on technology-led innovation and disruption.
SUD Life Chief Investment Officer Prashant Sharma said on 30 Nov, “The Viksit Bharat Fund and the New India Leaders Fund offer an opportunity to create wealth from the transformative development underway in the country today https://www.investindia.gov.in/.”
The New India Leaders Fund will invest in new and emerging businesses out of India, focused on technology-led innovation and disruption, for both India and the world. Some of the prominent themes of this fund would be energy transition, digitalization, cloud and AI-led businesses, health and wellness as well as technology-led products and services, amongst other emerging themes. This fund is tailored for the investor with a long-term horizon and some appetite for growth businesses, he explained https://www.bseindia.com/.
The Viksit Bharat Fund will invest in businesses that are focused on the transformation of the India of today into the Viksit Bharat of tomorrow. The multi-cap, sector-agnostic portfolio of Viksit Bharat Fund will have exposure to emerging as well as established companies that are driving long-term development and value creation in the ecosystem. The fund is ideal for those with a long-term horizon and a belief in the overall India growth story https://www.nseindia.com/.
“We believe both these funds offer tremendous opportunity for our policyholders to participate in India’s transformation, while also creating wealth for themselves,” said Sharma.
The funds are part of its Unit Linked Insurance Plan (ULIP) offerings https://sbi.com.in/.
Currently, these are available under the products SUD Life Star Tulip, SUD Life Wealth Creator, SUD Life Wealth Builder and SUD Life e-Wealth Royale. The company plans to offer these funds across all its ULIP plans moving forward. Fiinews.com
