Aviva introduces two new Unit Linked fund options - Secure Fund and Growth Fund in its products - LifeLong, PensionPlus, LifeSaver, YoungAchiever and EasyLife Plus. This is in addition to the existing Unit linked Balanced Fund available in these products.
Aviva introduces two new Unit Linked fund options - Secure Fund and Growth Fund in its products - LifeLong, PensionPlus, LifeSaver, YoungAchiever and EasyLife Plus. This is in addition to the existing Unit linked Balanced Fund available in these products.
In February last year, Aviva introduced a Secure Fund and a Growth Fund in its LifeBond5 product, in addition to the existing Balanced Fund. The good returns and popularity of the fund options in LifeBond5 product has facilitated Aviva to introduce the Secure Fund and Growth Fund option in its other products.
The Growth Fund aims to provide the potential of higher capital growth over the long term by investing higher element of assets in the equity market. The Secure Fund aims to provide progressive returns with relatively lower risk on your investment by investing higher element in debt securities with a low level of exposure to equities.
Aviva’s customers now have the option to choose between the Secure, Growth or Balanced fund depending upon their risk appetite or invest in a combination of the three funds.
In India, Aviva is one of the few insurance companies to establish an in-house investment team. From security research to portfolio creation and monitoring in-house, Aviva has been in the business of in-house fund management since its inception in 2002. Keeping in mind the importance of managing prudently for the long term, Aviva thought it fit to manage funds in-house. So far, Aviva portfolios have been able to consistently beat the market Indices.
Aviva’s flagship fund, the Unit Linked Balanced Fund has posted an impressive absolute return of 20.78% in the last one year ending December 31, 2004. Aviva has seen a continuous increase in its fund value since its launch - the CAGR on December 31, 2004 since inception (6 June 2002) is 32.30%. The asset profile for the Unit Linked Balanced Fund on December 31, 2004 is 46% in government securities, 40% in equities 40%, 11% in Corporate Bonds and 3% in cash and money market. The Secure and Growth funds, launched in February 2004, have also started giving good returns – absolute return for Growth Fund is 41.37% and Secure Fund is 6.74%.
Felicitating the team on the occasion of the fund performance, Mr Stuart Purdy, managing director, Aviva Life Insurance said: “We will continue to strive to deliver attractive returns for our customers and try to ensure that our fund performance leads the market by prudently investing for the long term.”
Aviva worldwide has assets under management of more than US$400 billion and is the second largest UK based fund manager. Aviva has also been placed first in two sectors over five years for the equity fund in UK. In Ireland and The Netherlands, it is among the top five and in the top five master trust in Australia through Navigator. Aviva also has a significant fund management business in France and has won the best performing fund management award for over three years. So far, the total retail investment sales have risen 6% to US$2.1 billion.
For the last 2 years, (2004 & 2005) Aviva has been in the top 25 of “Great Places to work” survey conducted by Grow Talent Company Ltd. along with Great Places to WorkŽ Institute, Inc. and Business World magazine.
For further information, please contact:
Preeti Bakaya
Aviva Life Insurance Company India Pvt. Ltd.
tel: +91-124-2804141
mobile: +91-98-108-94972
e-mail: preeti.bakaya@avivaindia.com