July 3, 2024
mayank
Tata Nifty India Tourism 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 India Tourism Index Fund Open Date, Close Date?
NFO opens on July 08, 2024
NFO will close on July 19, 2024
What is the Investment Strategy?
The scheme seeks to provide returns, before expenses, that commensurate with the performance of Nifty India Tourism Index (TRI), subject to tracking error
Basic Details
| Fund House | Tata Mutual Fund |
| Issue Open | 08 July 2024 |
| Issue Close | 19 July 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 India Tourism TRI |
What is the Benchmark Index of Tata Nifty India Tourism Index?
Nifty India Tourism Index aims to track the performance of stocks from the Nifty 500 Index which represent the travel and tourism theme. The largest 30 stocks from eligible basic industries are selected based on 6 month average free-float market capitalization. The weight of each stock in the index is based on its free-float market capitalization.
Nifty India Tourism 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 India Tourism Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 4.68 | 15.67 | 41.67 | 19.18 | 11.47 |
| Total Return | 4.68 | 15.68 | 41.98 | 19.49 | 12.19 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 16.89 | 24.53 | 26.51 |
| Beta (NIFTY 50) | 0.93 | 0.92 | 0.87 |
| Correlation (NIFTY 50) | 0.56 | 0.71 | 0.70 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 60.04 | 20.94 | 0.16 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| InterGlobe Aviation Ltd. | 20.01 |
| Indian Hotels Co. Ltd. | 19.89 |
| Indian Railway Catering And Tourism | 14.40 |
| GMR Airports Infrastructure Ltd. | 9.72 |
| Jubilant Foodworks Ltd. | 8.78 |
| EIH Ltd. | 4.26 |
| Lemon Tree Hotels Ltd. | 3.11 |
| Sapphire Foods India Ltd. | 2.92 |
| Devyani International Ltd. | 2.76 |
| Westlife Foodworld Ltd. | 2.58 |
Performance Review of the Fund Manager of Tata Nifty India Tourism Index?
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
| Fund | Tata Nifty Auto Index Fund | It’s Benchmark | Tata Nifty Financial Services Index Fund | It’s Benchmark |
| 1 Year | — | — | — | — |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | |
| 7 Year | — | — | — | |
| 10 Year | — | — | — |
As on 03-07-2024
Which Company Owns Tata Nifty India Tourism 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 India Tourism Index NFO?
Guidance for Tata Nifty India Tourism Index Fund by Paresh Gordhandas, C.A., Research Analyst.
Tourism is an upcoming sector in India with a huge potential for development, given the country’s large cultural diversity and noteworthy places. Apart from that, medical tourism is also a huge attraction and a burgeoning industry. The government’s focus on this Industry is also good, an important factor for any sectoral development. The Tata Nifty India Tourism Index is based on the Nifty India Tourism Index as its benchmark. The Index has given Total Return of 19.41% in the last five years. Indigo, Indian Hotels and IRCTC are the three stocks with maximum weightage in this Index.
Sectoral funds have been gaining more focus in recent times and this new product from Tata Mutual Fund is bound to attract good investor interest.
Can invest some amount.
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