Tata Mutual Fund launches Tata Nifty India Digital Exchange Traded Fund

by News Team | Mutual Fund

NFO period: 14th March – 25th March, 2022

Highlights of the NFO:

  • Scheme type – An open-ended Exchange Traded Fund replicating / tracking Nifty India Digital Index

  • Investment objective – 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.

  • Product suitability – This product is suitable for investors who are seeking Long Term Capital Growth. An exchange traded fund that aims to provide returns that corresponds to the returns provided by Nifty India Digital Index, subject to tracking error.

  • Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – The scheme does not offer any Plans/Options for investment.

  • Fund Managers – Meeta Shetty

  • Benchmark – Nifty India Digital Index (TRI)

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)