March 27, 2024
mayank
Tata Nifty Auto Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Tata Nifty Auto Index Fund Open Date, Close Date?
NFO opens on April 08, 2024
NFO will close on April 22, 2024
What is the Investment Strategy?
The scheme seeks to provide returns, before expenses, that are in line with the performance of Nifty Auto Index (TRI), subject to tracking error.
Basic Details
| Fund House | Tata Mutual Fund |
| Issue Open | 08 April 2024 |
| Issue Close | 22 April 2024 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption Within 15 days |
| Riskometer | Very High |
| Benchmark | NIFTY Auto TRI |
What is the Benchmark Index of Tata Nifty Auto Index Fund?
The Nifty Auto Index is designed to reflect the behaviour and performance of the Automobiles segment of the financial market. The Nifty Auto Index comprises 15 tradable, exchange listed companies. The index represents auto related sectors like Automobiles 4 wheelers, Automobiles 2 & 3 wheelers, Auto Ancillaries and Tyres.
Nifty Auto Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base market capitalization value.
Nifty Auto Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and
structured products.
Index Variant: Nifty Auto Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 9.64 | 9.64 | 60.33 | 19.56 | 16.12 |
| Total Return | 9.68 | 9.68 | 61.51 | 20.95 | 17.66 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 13.15 | 24.65 | 23.64 |
| Beta (NIFTY 50) | 0.84 | 1.03 | 0.88 |
| Correlation (NIFTY 50) | 0.64 | 0.80 | 0.81 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 26.1 | 5.84 | 0.86 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Mahindra & Mahindra Ltd. | 18.08 |
| Tata Motors Ltd | 17.49 |
| Maruti Suzuki India Ltd. | 15.58 |
| Bajaj Auto Ltd. | 9.35 |
| Hero MotoCorp Ltd. | 6.01 |
| Eicher Motors Ltd. | 5.42 |
| TVS Motor Company Ltd. | 5.20 |
| Tube Investments of India Ltd. | 3.81 |
| MRF Ltd | 3.11 |
| Bharat Forge Ltd. | 3.08 |
Performance Review of the Fund Manager of Tata Nifty Auto Index Fund?
1) Kapil Menon
Education: Mr. Menon has done B.Com
Experience: He has been working with Tata Mutual Fund since 2006.
Past Performance of his Schemes
Which Company Owns Tata Nifty Auto Index Fund?
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
Is it good to invest in Tata Nifty Auto Index Fund NFO?
Guidance for Tata Nifty Auto Index Fund by Paresh Gordhandas, C.A., Research Analyst.
The monthly automobile sales numbers are a clear indication of the future of the automobile sector in India. With rising aspiration levels and demand from rural India picking up, four wheelers and two wheeler sales are expected to move up. Commercial vehicles will also see good sales based on rising economic activity. This in turn will strengthen the position of auto ancillary and tyre companies.
Since this is an Index Fund, the Tata Nifty Auto Index Fund will be based on the Nifty Auto Index. The benchmark fund has 15 stocks as a part of its universe.
This fund can be compared to ICICI Prudential Nifty Auto Index Fund which was launched in October 2022. It has given return of 73.31% in the last one year and 36.27% in the last six months. And while past performance is not a guarantee of future performance, we recommend you can invest in the Tata Nifty Auto Index Fund.
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