Bharti AXA Life Insurance Launches New Mid-Cap Scheme

Current Context: Bharti AXA Life Insurance has launched a new mid-cap scheme called Emerging Equity Fund. This is the first new fund offering (NFO) by the insurer in more than 13 years.

• The fund aims to provide long-term capital appreciation by investing in a portfolio of mid-cap companies, which are expected to be the future’s blue chips. The fund will be managed by a team of seasoned professionals at Bharti AXA Life Insurance.
• The fund will charge an annual fund management charge of 1.35% and a policy administration charge of 0.05% per month.
• The fund will invest in a diversified portfolio of 30 to 40 mid-cap stocks across sectors and industries.
• The fund will follow a bottom-up approach to stock selection, focusing on quality companies with strong growth potential and reasonable valuations.

Question:

Q.1 What is the name of the new mid-cap scheme launched by Bharti AXA Life Insurance?
a. Emerging Leaders Fund
b. Emerging Equity Fund
c. Emerging Opportunities Fund
d. Emerging Growth Fund