NFO alert: Tata Mutual Fund launches Tata Nifty Realty Index Fund; details inside!

Tata Mutual Fund launched a new open-ended index fund named Tata Nifty Realty Index Fund. This fund aims to mirror the performance of the Nifty Realty TRI (Total Return Index), subject to tracking error. There is no guarantee that the fund will achieve its objective or deliver any returns. The minimum investment amount is Rs 5,000 and there is no entry load. An exit load of 0.25% of the applicable NAV applies if redeemed within 15 days of allotment. The new fund offering is open for subscription from April 8, 2024, until April 22, 2024.

Investment Objective

The investment objective of the Tata Nifty Realty Index Fund is to provide returns, before expenses, that are commensurate with the performance of Nifty Realty (TRI), subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.

This NFO of Tata Nifty Realty Index Fund is suitable for investors who are seeking long-term capital appreciation and investment in equity and equity-related instruments comprised in the Nifty Realty Index. Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Risk-o-meter:

Funds Allocation

Benchmark

The performance of the Tata Nifty Realty Index Fund is benchmarked against the Nifty MidSmall Realty Index (TRI)

Fund Managers

Kapil Menon, a 41-year-old B. Com graduate, boasts an extensive tenure in the finance industry, particularly with Tata Asset Management Pvt Ltd. He commenced his journey with Tata in September 2006, steadily progressing from Senior Manager of investments to his current role as Dealer, where he has served since June 2021. In his current role, he reports directly to the Chief Investment Officer – Equities

Peer Comparison 

The peers mentioned above have recently launched in the market.

Characteristics of Index Funds

• Tracks a market index, aiming to mirror its performance.
• Passively managed, with low fees compared to actively managed funds.
• Offers broad diversification across multiple companies and sectors.
• Targets long-term growth, matching the overall market’s returns.
• Generally, less volatile than individual stocks, but still susceptible to market risk.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.