Tata Mutual Fund launched six index funds: NFOs open on April 8, 2024, and close on April 22, 2024
Tata Asset Management says these six themes are where affluent investors are investing these days. NFO will remain open till April 22, 2024. Minimum investment is Rs. 5,000.
In a move set to expand investor options, Tata Mutual Fund has launched a whopping six new index funds through an NFO (New Fund Offer). This exciting development, starting today April 8th, 2024, caters to investors seeking exposure to various growth sectors of the Indian economy. Let's delve deeper and explore the details of these new offerings!
Tata Nifty Auto Index Fund
Tata Mutual Fund is launching the Tata Nifty Auto Index Fund, an open-ended index fund that aims to mirror the performance of the Nifty Auto Index (TRI). The investment objective is to deliver returns that match the index performance, but achieving this goal is not guaranteed. The scheme starts with a new fund offer (NFO) on April 8th, 2024, which closes on April 22nd. There is no entry load, but an exit load of 0.25 per cent applies if you redeem your investment within 15 days of allotment. The minimum investment amount is Rs 5,000.
Tata Nifty Financial Services Index Fund
Tata Nifty Financial Services Index Fund, launched by Tata Mutual Fund, is an open-ended index fund that aims to mirror the performance of the Nifty Financial Services Index (TRI). The scheme doesn't guarantee returns but seeks to deliver results similar to the index, with a minimal tracking error. There is no entry load, but an exit load of 0.25 per cent applies if redeemed within 15 days of allotment. The minimum investment amount is Rs 5,000. The new fund offering is open for subscription from April 8th, 2024, to April 22nd, 2024.
Tata Nifty Mid-Small Healthcare Index Fund
The Tata Nifty Mid-Small Healthcare Index Fund, launched by Tata Mutual Fund on April 8, 2024, is an open-ended index fund that aims to mirror the performance of the Nifty Mid-Small Healthcare Index (TRI). This means the fund will invest in the same companies and try to achieve similar returns as the index, though there may be some deviation (tracking error). There is no guarantee of returns on the investment. Investors can enter the fund with a minimum investment of Rs 5,000 and there is no entry load. However, an exit load of 0.25 per cent of the applicable NAV will be charged if you redeem your units within 15 days from the allotment date.
Tata Nifty Realty Index Fund
Tata Mutual Fund launched the Tata Nifty Realty Index Fund, an open-ended index fund that aims to mirror the performance of the Nifty Realty TRI (Total Return Index). The scheme invests in the companies that comprise the Nifty Realty Index, offering investors exposure to the Indian real estate sector. There is no guarantee of returns, but the fund passively tracks the index, seeking returns commensurate with its performance. The fund has a minimum investment of Rs 5,000 and no entry load. An exit load of 0.25% applies if redeemed within 15 days of allotment. The new fund offer is open for subscription from April 8, 2024, to April 22, 2024.
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund
The Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund, launched by Tata Mutual Fund on April 8, 2024, is an open-ended index fund that aims to mirror the performance of the Nifty500 Multicap India Manufacturing 50:30:20 Index (TRI), investing in a basket of large, mid, and Small-Cap stocks from the Nifty 500 that focus on the manufacturing sector. The weightage of these stocks is based on their free-float market capitalization, with a fixed allocation of 50 per cent to large caps, 30 per cent to Mid-Caps, and 20 per cent to small-caps. There is no entry load, but an exit load of 0.25 per cent applies if you redeem your investment within 15 days of allotment. The minimum investment amount is Rs 5,000.
Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund
The Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund, launched by Tata Mutual Fund on April 8, 2024, is an open-ended index fund that aims to mirror the performance of the Nifty500 Multicap Infrastructure 50:30:20 Index (TRI). This means the fund invests in a basket of large, mid, and small-cap companies from the infrastructure sector, with weightage assigned as 50 per cent in Large-Cap, 30 per cent in mid-cap, and 20 per cent in small-cap segments. There is no investment guarantee, but the fund strives to track the index’s performance, subject to tracking error. The scheme has no entry load, but an exit load of 0.25% of the applicable NAV applies if redeemed within 15 days of allotment. The minimum investment amount is Rs 5,000. The subscription window for this new fund offers closes on April 22, 2024.
Top 5 Index Funds by Highest 10-year Returns:
|
Scheme Name
|
AuM (Cr)
|
1Y
|
3Y
|
5Y
|
10Y
|
|
ICICI Prudential Nifty Next 50 Index Fund - Direct Plan - Growth
|
4,208.50
|
64.77
|
22.64
|
17.69
|
17.01
|
|
LIC MF Nifty Next 50 Index Fund - Direct Plan - Growth
|
71.28
|
64.37
|
22.74
|
17.73
|
16.95
|
|
Bandhan Nifty 50 Index Fund - Direct Plan - Growth
|
1,164.85
|
29.42
|
16.55
|
15.24
|
14.01
|
|
UTI Nifty 50 Index Fund - Direct Plan - Growth
|
15,648.55
|
29.32
|
16.48
|
15.06
|
13.93
|
|
HDFC Index Fund - Direct Plan - Nifty 50 Plan
|
12,613.86
|
29.31
|
16.45
|
14.97
|
13.92
|
All returns in per cent
Disclaimer: The article is for informational purposes only and not investment advice.
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