Tata Files Thematic Fund with SEBI: Tata India Innovation Fund

Fund Name: Tata India Innovation Fund

The Tata India Innovation Fund is an open-ended equity scheme that primarily invests in companies engaged in innovative strategies and themes. It focuses on firms expected to benefit from advancements in technology, products, and services, providing investors with opportunities for long-term capital appreciation.

Objective of the Fund

The fund’s objective is to offer long-term capital growth by investing in equity and equity-related instruments of companies that adopt innovative strategies. There is no assurance of guaranteed returns, but the focus is on innovation-led firms poised for growth.

Category of the Fund

The Tata India Innovation Fund falls under the equity-thematic category. It is structured to follow an innovation theme, investing across a variety of industries where innovation drives business performance.

Asset Allocation

The fund will invest primarily (80%-100%) in equity and equity-related instruments of companies that follow the innovation theme. It will also invest a smaller portion (0%-20%) in other equity instruments, debt instruments, and money market instruments to maintain liquidity and manage risk.

• Equity (Innovation theme): 80%-100% (High Risk)
• Other Equity Instruments: 0%-20% (High Risk)
• Debt and Money Market Instruments: 0%-20% (Low to Medium Risk)

Benchmark

The fund is benchmarked against the Nifty 500 Total Return Index (TRI), which reflects the fund’s universe in terms of investment. This index is suitable for comparing the fund’s performance, as it covers a wide range of companies across sectors, matching the fund’s innovation-driven focus.

Who Manages the Scheme?

The Tata India Innovation Fund is managed by two experienced fund managers, Meeta Shetty and Kapil Malhotra.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.