August 16, 2024
mayank
Tata Nifty200 Alpha 30 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 Nifty200 Alpha 30 Index Fund Open Date, Close Date?
NFO opens on August 19, 2024
NFO will close on September 02, 2024
What is the Investment Strategy?
The scheme seeks to provide returns, before expenses, that commensurate with the performance of Nifty200 Alpha 30 Index (TRI), subject to tracking error.
Basic Details
| Fund House | Tata Mutual Fund |
| Issue Open | 19 August 2024 |
| Issue Close | 02 September 2024 |
| Type | Open-ended |
| Category | Equity: Large Cap |
| 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 200 Alpha 30 TRI |
What is the Benchmark Index?
The Nifty200 Alpha 30 index which consists of 30 stocks selected from its parent Nifty 200 based on ‘Jensen’s Alpha’. The weight of stocks in the index is based on their alpha scores. Stock weights are capped at the lower of 5% or 5 times the weight of the stock in the index based only on free float market capitalization.
The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 5.05 | 39.40 | 76.95 | 32.96 | 19.03 |
| Total Return | 5.13 | 40.17 | 78.52 | 34.19 | 20.39 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 22.86 | 23.19 | 24.59 |
| Beta (NIFTY 50) | 1.37 | 1.01 | 1.00 |
| Correlation (NIFTY 50) | 0.76 | 0.84 | 0.87 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 27.13 | 5.38 | 1.14 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| REC Ltd. | 5.77 |
| Power Finance Corporation Ltd. | 5.38 |
| Trent Ltd. | 5.11 |
| Bharat Heavy Electricals Ltd. | 5.01 |
| Bharat Electronics Ltd. | 4.45 |
| Dixon Technologies (India) Ltd. | 4.37 |
| Hindustan Aeronautics Ltd. | 4.28 |
| Indus Towers Ltd. | 4.13 |
| Lupin Ltd. | 3.92 |
| Zydus Lifesciences Ltd. | 3.57 |
Performance Review of the Fund Manager of Tata Nifty 200 Alpha 30 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 Financial Services Index Fund | It’s Benchmark | Tata Nifty Realty Index Fund | It’s Benchmark |
| 1 Year | — | — | — | — |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 16-8-2024
Which Company Owns Tata Nifty200 Alpha 30 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 Nifty200 Alpha 30 Index NFO?
Guidance for Tata Nifty200 Alpha 30 Index Fund by Paresh Gordhandas, C.A., Research Analyst.
The Tata Nifty200 Alpha 30 Index Fund is based on the Nifty200 Alpha 30 index which consists of 30 stocks selected from its parent Nifty 200 based on ‘Jensen’s Alpha’.
I am sure your first question will be .. What is Jensen’s Alpha?? Jensen’s alpha, also known as Jensen’s Performance Index or ex-post alpha, is a financial metric that measures the abnormal return of a security or portfolio of securities relative to its theoretical expected return. It’s a variation of the standard alpha that uses a theoretical performance instead of a market index.
Companies like REC, Powergrid, Trent , BHEL etc form a major component of this Index presently. The Index has given return of 76% in the last one year, 32.96% in the last five years and 19% since its inception. Hence, return is good. However, the Fund and its working is a bit complicated for a normal investor to understand. And hence, the Fund House may face some issue due to this reason while raising AUM for this NFO.
Can invest a small amount.
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