Tata Mutual Fund launched the Tata Nifty MidSmall Healthcare Index Fund, an open-ended index fund that aims to track the performance of the Nifty MidSmall Healthcare Index (TRI). The scheme invests in the same proportion as the index and offers growth option. There is no entry load but an exit load of 0.25% if redeemed within 15 days of allotment. The minimum investment amount is Rs 5,000. The New Fund Offer is open for subscription from April 8, 2024 to April 22, 2024.
The investment objective of the Tata Nifty MidSmall Healthcare Index Fund (NFO) is to provide returns, before expenses, that are in line with the performance of Nifty MidSmall Healthcare Index (TRI), subject to tracking error. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.
This NFO of Tata Nifty MidSmall Healthcare Index Fund is suitable for investors who are seeking long-term capital appreciation and investment in equity and equity-related instruments comprised in the Nifty MidSmall Healthcare Index. Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
| Investments | Indicative Allocation | Risk Profile |
| Securities covered by Nifty MidSmall Healthcare Index | Minimum 95% – Maximum 100% | Very high |
| Debt & Money Market Instruments including units of Mutual Funds | Minimum 0% – Maximum 5% | Low |
The performance of the Tata Nifty MidSmall Healthcare Index Fund is benchmarked against the Nifty MidSmall Healthcare Index (TRI)
Kapil Menon, a 41-year-old B. Com graduate, boasts an extensive tenure in the finance industry, particularly with Tata Asset Management Pvt Ltd. He commenced his journey with Tata in September 2006, steadily progressing from Senior Manager of investments to his current role as Dealer, where he has served since June 2021. In his current role, he reports directly to the Chief Investment Officer – Equities
Peer Comparison
| Scheme Name | Launch Date | AUM (Crore) | Expense Ratio (%) | Returns as on – 08-04-2024 in % | ||||
| 2024 | 2023 | 2022 | 2021 | 2020 | ||||
| ABSL Nifty Smallcap 50 Index Fund Reg Gr | 01-04-2021 | 147.90 | 1.05 | 5.67 | 62.38 | -18.65 | – | – |
| Nippon India Nifty Small Cap 250 Index Reg Gr | 03-10-2020 | 1197.32 | 0.88 | 8.56 | 47.07 | -4.19 | 60.11 | – |
| ABSL Nifty Midcap 150 Index Fund Reg Gr | 01-04-2021 | 169.13 | 1.04 | 8.6 | 43.26 | 2.74 | – | – |
| Motilal Oswal Nifty Small Cap 250 Index Reg | 05-09-2019 | 618.78 | 1.04 | 8.69 | 47.3 | -4.11 | 60.12 | 25.11 |
| ICICI Pru Nifty Smallcap 250 Index Fund Gr | 02-11-2021 | 260.64 | 0.95 | 8.74 | 46.94 | -3.87 | – | – |
| Index Fund | – | – | – | 5.65 | 21.46 | 1.91 | 27.96 | 15.29 |
There is not an exact peer for mid-small healthcare index fund till now.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.
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