Tata AIA Whole Life Income Fund

The Tata AIA Whole Life Income Fund is a Unit-linked insurance fund. It invests in fixed-income products with good credit quality. The primary driver for investment management is the stability of return and principal protection over a long-term investment horizon.

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Tata AIA Whole Life Income Fund Facts are:

Name of the Fund House

TATA Mutual Fund

Name of the Asset Management Company (AMC)

TATA Asset Management

Category of the fund

Open-Ended Fund

Class of the fund

Debt & Money Market Instruments / Government Securities

Launch date

May 03, 2018


Primary benchmark - CRISIL Medium to Long Term Debt Index



Risk level


Investment amount

Minimum investment = Rs 5000/-

and in multiples of Re. 1/- thereafter

Entry load


Exit load

1% if redeemed before expiry of 365 days from the date of allotment.

People also read: Tata Life Flexi Fund

Investment Objective

The fund’s purpose is to achieve long-term capital growth. Debt investments, with their monthly accrual income, are an important aspect of any investor's portfolio. It gives an investor’s portfolio a sense of security. Investors with a medium to long investment horizon can earn tax-efficient accrual income and capital gains.

Fund Summary

  1. Date of Inception / Launch

    • Previously, Tata AIA Whole Life Income Fund was opened and then closed in the year 1997. 

    • The new name TATA Income fund took effect on May 03, 2018.

  2. The amount of risk

    • The Scheme's Riskometer is "Low to Medium," making it only suited for long-term capital growth investors (for a minimum of the 7-year horizon).

  3. Redemption

    • Investors who redeem their units will receive redemption proceeds based on the main portfolio's NAV and will keep their segregated portfolio units.

    • Investors shall receive redemption amount (If units are redeemed) & units (if units are purchased) through broker/clearing member's pool account. 

  4. Investment Manager

    • Akhil Mittal handles debt funds at TAM, including short and long-term funds, fixed-income and ultra-short funds allocation in hybrid funds.

    • In June 2014, Akhil Mittal joined TAM as a senior fund manager.

    • He began his career in the treasury department of Rallis India Limited in 2004, where he had worked until 2006, overseeing capital management, foreign exchange management, and banking.

    • Akhil Mittal has a bachelor's degree in commerce and an MBA from UBS (University Business School).

  5. Load on entry and exit

    • No entry load or exit load will be levied on the units issued under income distribution. AMC reserves the right to modify or withdraw this facility without prior notice. Entry Load: Nil. (Entry Load is not applicable, w.e.f. August 01, 2009)

    • Exit Load: Nil

    No exit load shall be charged for any switch between Regular Plan and Direct Plan where the transaction has been received without broker code in the Regular Plan. Units issued on reinvestment of Income Distribution cum capital withdrawals shall not be subject to exit load

Fund Return Summary


Percentage return*

1 year


3 years

8.47 %

5 years


Since inception


*Returns are subject to change. The investment risk in the investment portfolio is borne by the policyholder.

Pros and Cons

This section covers multiple pros and cons of the Tata AIA ULIP Whole Life Income fund.



Accrual income at the end of maturity.

There is only one policy term of 20 years, which may not suit everyone.

Risk in the instrument is very low to Medium. Hence you can expect your money to remain safe.

Returns over the last three years have not been more significant than the benchmark.

Trusted brand name of the TATA. 

Regular Plan of Tata AIA ULIP Whole Life Income Fund In 2014-2017, 2015-2018, 2016-2019, and 2017-2020, growth did not outperform the index.

Fund Benefits

Some of the benefits offered by the fund are:

  • Unlike equity funds, the Tata AIA Whole Life Income Fund carries moderate risk. This is beneficial as your invested capital will stand at moderate risk and hence, will stay safe. 

  • The fund has been performing consistently well, which makes it a viable option for investment. 

  • The minimum investment required is not very high, which makes it an available investment option for more and more people. 

  • No entry load and exit load (if not withdrawn before completing 365 days) makes it even more convenient for investors as they can enter or exit the fund whenever they wish.

Who Should Invest?

The TATA AIA Whole Life Income Fund is suitable for:

  • Investors with a risk appetite

  • Investors looking for capital appreciation in short or long term

In Conclusion

TATA AIA unit-linked insurance fund allows for greater control over your financial future by providing capital growth.

The Tata AIA Whole Life Income Fund is an open-ended fund which means that its ability to invest in the markets depends on your behavior as an investor. However, it cannot always guarantee returns since the stock markets cannot be controlled by an individual or company. It surely helps build a good corpus over time.


  • Q. What is ULIP?

    A. Unit Linked Insurance Plans, or ULIPs, are a type of insurance plan that is linked to the stock market. It is a type of investment plan in which a policyholder invests in a single plan and receives both insurance and market-linked returns. 
    The premiums paid into a ULIP are invested in the policyholder's choice of funds, which can include equities, debt, or balanced instruments. Through NAV adjustments, the fund value reflects your rising corpus. The fund value is paid to the policyholder at maturity.
  • Q. Is it possible to modify my investment fund during the policy's term?

    A. We recognize that your premium allocation reference may alter as you progress through life and hit important milestones. You can adjust the investment fund option to accommodate this demand. However, as stated in the policy contract, you may be charged a modest cost (if any).
  • Q. What is Net Asset Value (NAV)?

    A. The NAV, or Net Asset Value, represents the market value of each fund's share. The net asset value (NAV) of a fund is the price at which an investor can buy and sell a unit or share of the fund. An investor can determine a fund's performance by tracking the percentage growth or reduction in the NAV.
  • Q. How should I choose a fund?

    A. Compare numerous risk indicators such as Standard Deviation, Beta, and Sharpe Ratio provided in the information sheet of each scheme. Through these numbers, you will understand if the fund has been consistent in giving returns to its investors.

*All savings 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
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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