Tata Mutual Fund unveils six new index funds, three industry firsts

Published on Apr 09, 2024 12:10

Tata Mutual Fund has launched six new index funds, aiming to grant investors exposure to promising sectors of the Indian economy. Three of these funds are the first-of-their-kind in the industry.

The new offerings include:

* Tata Nifty Auto Index Fund

* Tata Nifty Realty Index Fund

* Tata Nifty Financial Services Index Fund

* Tata Nifty MidSmall Healthcare Index Fund (Industry First)

* Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund (Industry First)

* Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund (Industry First)

Investors can participate in the New Fund Offer (NFO) for these schemes from April 8th to April 22nd, 2024, with a minimum investment of Rs 5,000.

Three of the new funds focus on sectors with high growth potential:

* Tata Nifty MidSmall Healthcare Index Fund: This fund tracks the performance of small and mid-sized healthcare companies in India.

* Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund: This fund invests in large, mid, and small-cap companies from the Nifty 500 that are part of the manufacturing sector, aiming to capture the growth of Indian manufacturing.

* Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund: This fund provides exposure to large, mid, and small-cap companies involved in India`s infrastructure development.

All the new funds offer investors the opportunity to invest across market capitalizations and benefit from the long-term growth potential of sectors such as healthcare, manufacturing, and infrastructure.