Tata Mutual Fund launched a new open-ended index fund named Tata Nifty Realty Index Fund. This fund aims to mirror the performance of the Nifty Realty TRI (Total Return Index), subject to tracking error. There is no guarantee that the fund will achieve its objective or deliver any returns. The minimum investment amount is Rs 5,000 and there is no entry load. An exit load of 0.25% of the applicable NAV applies if redeemed within 15 days of allotment. The new fund offering is open for subscription from April 8, 2024, until April 22, 2024.
The investment objective of the Tata Nifty Realty Index Fund is to provide returns, before expenses, that are commensurate with the performance of Nifty Realty (TRI), subject to tracking error. 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 Realty 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 Realty 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 Realty 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 Realty Index Fund is benchmarked against the Nifty MidSmall Realty 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
| Scheme Name | Launch Date | AUM (Crore) | Expense Ratio (%) | Returns as on – 08-04-2024 in % | ||||
| 2024 | 2023 | 2022 | 2021 | 2020 | ||||
| Motilal Oswal Nifty Realty ETF | 15-03-2024 | 0 | 0 | – | – | – | – | – |
| ETFs | – | – | – | 3.94 | 20.91 | 3.44 | 21.68 | 13.63 |
| HDFC NIFTY Realty Index Fund Reg | 26-03-2024 | 0 | 0 | – | – | – | – | – |
| Index Fund | – | – | – | 5.65 | 21.46 | 1.91 | 27.96 | 15.29 |
The peers mentioned above have recently launched in the market.
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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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