The TATA AIA Nifty 200 Alpha 30 Index Fund is a market-linked investment that tracks 30 high alpha stocks from the NIFTY 200 universe. By blending high-performing large and mid-cap stocks, it aims to deliver strong long-term returns with lower volatility. Launching as a New Fund Offering (NFO) on 18th June, it will offer smart ways to invest in a proven, performance-focused strategy.
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Plans starting from₹1000/month
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Investment Plans
Generate wealthEarn 1 Cr# in maturity with Zero LTCG tax¶
Double tax savings^On premiums (under 80C) and on maturity (under 10(10D))
The TATA AIA Nifty 200 Alpha 30 Index Fund is a ULIP-based market-linked investment option that tracks the NIFTY 200 Alpha 30 Index. This index comprises the top 30 stocks with the highest alpha (excess return over benchmark) selected from the Nifty 200 universe, split evenly between large-cap and mid-cap segments. The fund passively replicates this index and is rebalanced quarterly to adapt to changing market conditions.
This fund is designed to offer long-term capital appreciation by investing in stocks that have consistently outperformed, while minimising volatility by avoiding small-cap exposure.
Highlights of TATA AIA Nifty 200 Alpha 30 Index Fund
Particulars
Details
Benchmark Index
Nifty 200 Alpha 30 Index
Benchmark Index Returns
10-Year Returns: 22.3% p.a.
Risk Profile
High
NFO Launch Date
18th June 2025
NFO Duration
18th to 29th June 2025
Current NAV
₹10
Minimum Investment
₹2000
What is the NIFTY 200 Alpha 30 Index?
The NIFTY 200 Alpha 30 Index is a smart beta equity index designed to capture the performance of the 30 stocks with the highest Jensen’s Alpha from the broader NIFTY 200 universe. The index aims to identify stocks that have delivered superior risk-adjusted returns relative to what would be expected based on their risk profile, as measured by Jensen’s Alpha.
Key Features and Methodology:
Constituents: The index consists of 30 stocks selected from the NIFTY 200, which itself covers large and mid-cap companies.
Weighting: Each stock’s weight in the index is proportional to its alpha score, with a cap at the lower of 5% or five times its free float market capitalization weight in the NIFTY 200.
Rebalancing: The index is rebalanced quarterly (March, June, September, December) using data from the last trading day of the preceding month.
Base Date and Value: April 1, 2005, with a base value of 1000.
Reasons Why You Should Consider Investing in TATA AIA Nifty 200 Alpha 30 Index Fund
Superior Long-Term Returns
The index has delivered a 10-year return of 22.3%, outperforming broader indices like NIFTY 50 and NIFTY 100.
Focus on High-Performing Stocks
Invests in top 30 alpha-generating stocks from large and mid-cap segments — combining performance with relative stability.
Quarterly Rebalancing
Rebalanced in March, June, September, and December, ensuring the portfolio stays aligned with market momentum.
No Fund Manager Bias
It’s a passive fund — simply replicates the NSE-declared index, avoiding active management errors.
Avoids Small-Cap Volatility
Focuses only on large and mid-caps, steering clear of small-cap risks.
Market-Adaptive Strategy
In bull markets, it increases mid-cap allocation for growth. In downturns, it shifts to large caps to reduce volatility.
Backed by TATA AIA's Proven Expertise
TATA AIA has a track record of strong returns across smart-beta funds like Top 200 Fund (31.6%) and Alpha 50 Fund (29.7%) over 5 years.
NIFTY 200 Alpha 30 Index With Other Indices
Index
5-Year Return
10-Year Return
NIFTY 200 Alpha 30
31.0%
22.3%
NIFTY 200
22.9%
14.0%
NIFTY 100
21.3%
13.5%
NIFTY 50
21.2%
13.2%
Sector Representation of NIFTY 200 Alpha 30
Sector
Weight (%)
Financial Services
28.3%
Consumer Services
14.1%
Healthcare
9.94%
Capital Goods
8.9%
Consumer Durables
8.22%
Chemicals
7.3%
Telecommunication
7.14%
Metals & Mining
6.44%
Services
4.01%
Automobile and Auto Components
3.56%
Information Technology
2.09%
Companies of NIFTY 200 Alpha 30
How to Buy TATA AIA Nifty 200 Alpha 30 Index Fund from Policybazaar?
To buy the TATA AIA Nifty 200 Alpha 30 Index Fund from Policybazaar, follow these steps:
Step 1: Fill in your name and contact number in the form on this page to get started.
Note: Your details are kept confidential and will only be used to customize your benefits.
Step 2: You can also visit the plans just by clicking View Plans below
Step 3: Once logged in, you'll be prompted to fill in your city, age, and annual income in the provided form. This information will be used to check the personalised benefits of the plans.
Step 4: After providing your personal information, you'll be presented with Tata AIA Investment Plans on a blue and red card. Select the TATA AIA Nifty 200 Alpha 30 Index Fund option that best suits your needs from the following options:
Step 5: In the TATA AIA Nifty 200 Alpha 30 Index Fund, click the "Get Details" tab for more information.
You can also get FREE expert consultation; just click on the “Talk to an Expert” button.
Step 6: Review plan details carefully. Once satisfied, click the "Proceed" button and follow the prompts on the screen to move forward with the purchase.
Step 7: You will be prompted to enter essential details and specify the amount you want to invest. Select the preferred mode of payment for your investment.
Step 8: Provide your required KYC (Know Your Customer) details. This step is essential for regulatory compliance.
Step 9: Complete the payment process. Upon successful payment, you will receive confirmation of your purchase.
What are the Benefits of Purchasing the TATA AIA Nifty 200 Alpha 30 Index Fund From Policybazaar?
Investing via Policybazaar provides various advantages, including:
Ease of Access: Invest digitally in the TATA AIA Nifty 200 Alpha 30 Index Fund without the hassle of visiting banks or agents.
Plan Comparison: Evaluate various investment options, including the latest funds, to make well-informed choices and secure competitive deals.
Professional Support: Benefit from expert advice to choose the NFO plan that aligns with your financial goals and requirements.
Tax Savings: Enjoy tax benefits under Section 80C and Section 10(10D) of the Income Tax Act by investing through Policybazaar.
FAQs
What is the investment strategy of this fund?
The fund passively replicates the Nifty 200 Alpha 30 Index, focusing on stocks with strong past performance (high alpha) and rebalances the portfolio quarterly to stay aligned with market trends.
Is TATA AIA Nifty 200 Alpha 30 Index Fund actively managed?
No, it's a passive fund. It follows the index declared by NSE without fund manager intervention, avoiding bias and active risk.
Who should consider investing in TATA AIA Nifty 200 fund?
Investors seeking long-term capital growth through a disciplined, performance-based strategy with moderate risk may consider this fund.
How has the NIFTY 200 Alpha 30 Index performed historically?
The index delivered a 10-year CAGR of 22.3% and a 5-year return of 31%, outperforming benchmarks like NIFTY 50 and NIFTY 100.
What are the tax benefits under the TATA AIA Nifty 200 Alpha 30 Index Fund?
You can avail of the following tax benefits of investing in the TATA AIA Nifty 200 Alpha 30 Index Fund:
Section 80C: You can claim tax benefits under Section 80C of the Income Tax Act, 1961. It allows a deduction of up to ₹1.5 lakhs from taxable income for the invested amount in TATA AIA.
Section 10(10D): You can utilize Section 10(10D) benefits for your investments in TATA AIA New Fund Offering (NFO). This benefit is applicable if the annual premium paid is below ₹ 2.5 lakh.
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in *Past 10 Year annualised returns as on 01-06-2025 *All savings plans are provided by the insurer as per the IRDAI approved insurance plan.
Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs. **Returns are based on past 10 years' fund performance data (Fund Data Source: Value Research).
Generate wealthEarn 1 Cr# in maturity with Zero LTCG tax¶
Double tax savings^On premiums (under 80C) and on maturity (under 10(10D))
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