Private life insurer Bharti AXA Life Insurance on September 18 announced the launch of its new fund offering (NFO) - 'Emerging Equity Fund'.

This is the first mid-cap fund launched by the company in more than 13 years - with an aim to provide long-term capital appreciation through investing in a portfolio of mid-cap companies, the company said in a press release.

The newly-launched fund will be managed by a team of seasoned professionals at Bharti AXA Life Insurance.

Investors can diversify their holdings by investing in the Bharti AXA Life Emerging Equity Fund. Spreading risk among additional asset classes can improve portfolio performance as a whole, according to a press release from the company.

Customers can invest in the company's Emerging Equity Fund through three of Bharti AXA Life's ULIP Plans - Bharti AXA Life Wealth Pro, Bharti AXA Life Grow Wealth, and the recently introduced Bharti AXA Life Wealth Maximizer.

Parag Raja, MD & CEO of Bharti AXA Life Insurance said "We are delighted to introduce our brand-new Emerging Equity Fund. This New Fund Offering marks our first offering in more than 13 years since our last fund launch in 2010."

Chief Investment Officer Rahul Bhuskute said: "This category of stocks possesses the potential to yield robust long-term wealth, outperforming returns from large-cap counterparts. Mid-cap stocks can complement both high-risk and low-risk investment strategies, offering investors a balance of stability and growth."