Tata Mutual Fund Launched Tata Nifty India Tourism Index Fund

The Tata Nifty India Tourism Index Fund is an open-ended index fund launched by Tata Mutual Fund on July 8th, 2024. The scheme aims to track the performance of the Nifty India Tourism Index (TRI), but there is no guarantee that it will achieve its objective. Investors can enter the fund with a minimum subscription of Rs 5,000. An exit load of 0.25% of the applicable NAV will be charged if redeemed within 15 days from the date of allotment. The offer period for this new fund closes on July 19th, 2024.

Investment Objective

The investment objective of the Tata Nifty India Tourism Index Fund is to provide returns, before expenses, that are commensurate with the performance of the Nifty India Tourism 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 India Tourism Index Fund is suitable for investors who are seeking long-term capital appreciation and investment in equity and equity-related instruments comprised in Nifty India Tourism Index.

Risk-o-meter:

Funds Allocation

Benchmark

The performance of the Tata Nifty India Tourism Index Fund will be benchmarked to the performance of the Nifty India Tourism Index Fund (TRI).

Fund Managers

Kapil Menon, with a B. Com degree and 20 years of experience, has been managing since April 2024. He is currently a Fund Manager – Equities at Tata Asset Management Pvt. Ltd, reporting to the Chief Investment Officer – Equities. Kapil’s role involves overseeing equity investments, ensuring strategic alignment with the company’s investment objectives, and managing the performance of the equity portfolios.

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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.