March 17, 2022
admin
NFO of Tata Nifty India Digital Exchange Traded Fund
The investment objective of the scheme is to provide returns that corresponds to the total returns of the securities as represented by the Nifty India Digital Index, subject to tracking error. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.
NFO opens on March 14 ,2022
NFO will close on March 25 ,2022
(Our Guidance & Invest Online button are given at the bottom of the Page)
Investment Strategy
The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Midcap 150 Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns.
Basic Details
Fund House: Tata Mutual Fund
Issue Open: 14 March 2022
Issue Close: 25 March 2022
Category: Equity: Sectoral-Technology
Type: Open-ended
Min. Investment Rs 5,000
Plans: Dividend,Growth
Lock-in Period Not Applicable
Exit Load (%): 0
Riskometer: Very High
Benchmark: Nifty India Digital TRI
Fund Manager
Meeta Shetty
Education: Ms. Shetty is Bachelor in Economics and CFA Charterholder
Experience: Prior to joining TATA Mutual Fund, she has worked with Kotak Securities, HDFC Securities, AMSEC(Asian Market Securities), Dalal & Broacha Stock Broking and karvey Stock Broking.
AMC:
Tata Asset Management Private Ltd
Address: 9th Floor, Mafatlal Centre, Nariman Point, Mumbai – 400021
Website: http://www.tatamutualfund.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Mutual Fund Guidance by Paresh Gordhandas, Research Analyst.
Digitalization is happening rapidly and is touching every aspect of our lives. The Nifty India Digital index aims to capture the performance of companies exposed to the Digital theme, a theme which will likely continue to increase in importance in the future.
What is an index fund?
An index fund is a type of mutual fund that seeks to track the returns of a market index. The fund is a portfolio of stocks/bonds designed to mimic the composition and performance of a financial market index.
What is NIFTY India Digital Index?
NSE Indices Ltd, the index services subsidiary of the National Stock Exchange of India (NSE), on December 14 announced the launch of Nifty India Digital Index to track stocks exposed to the “digital theme”.
The Nifty India Digital Index aims to track the performance of portfolio of stocks that broadly represent the digital theme within basic industries like software, e-commerce, IT enabled services, industrial electronics and telecom services companies.
The top constituents by weightage in the index now are Bharti Airtel, TCS, Indian Railway Catering and Tourism, HCL Technologies, Infosys, Tata Communications, Info Edge, Tech Mahindra, Wipro and Honeywell Automation India as on 28 February 2022.
Who should invest in this NFO ??
This product is suitable for investors who are seeking:
1) Capital appreciation over the long term by investing in shares with Digital theme.
2)Equity and equity related securities covered by the Nifty Digital index Index.
3)Return that corresponds to the performance of Nifty India Digital Index, subject to tracking error.
So I recomment this NFO & Suggest …>>>> APPLY
Mutual fund investments are subject to market risks, read all scheme related documents carefully.