TATA CRISIL IBX AAA NBFC Index Fund Files SID with SEBI; Know Scheme’s Objective and Key Features

Introduction

TATA CRISIL IBX AAA NBFC June 2027 Index Fund is an open-ended target maturity index fund that aims to track the performance of the CRISIL IBX AAA NBFC June 2027 Index.

This product is designed for investors seeking income over the target maturity period and those interested in investing in securities with a composition similar to the CRISIL IBX AAA NBFC June 2027 Index.

The scheme carries a moderate interest rate risk and relatively low credit risk. Investors should consult their financial advisors to determine if this product is suitable for their investment profile.

Objective 

The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.

However, investors should be aware that the fund may not perfectly replicate the index return, as tracking errors could occur.

Fund Manager

The fund is expertly managed by Mr. Amit Somani, who has over 23 years of experience in the Indian capital markets. He has been with Tata Asset Management Ltd. since September 2012, initially serving as a Credit Analyst and later as a Fund Manager since September 2022. Mr Somani currently manages a diverse range of funds, including the Tata Money Market Fund, Tata Liquid Fund, Tata Overnight Fund, Tata Nifty SDL Plus AAA PSU Bond Dec 2027 60:40 Index Fund, Tata Nifty G-Sec Dec 2026 Index Fund, and Tata Nifty G-Sec Dec 2029 Index Fund.

Asset Allocation 

The fund allocates 95% to 100% of its assets in securities covered by the Crisil IBX AAA NBFC June 2027 Index.

Additionally, the fund may invest up to 5% in debt and money market instruments, including units of debt-oriented mutual fund schemes.

Load Structure

The scheme does not charge any entry load. There is also no exit load applicable for redemption or switch-out of units. Units issued on reinvestment of income distribution will not be subject to exit load.

The AMC reserves the right to modify the exit load structure, and any changes will apply only to future investments. Investors are advised to check the prevailing load structure before investing.

NAV Disclosure

The NAV will be updated at the close of each business day, accessible on the AMC website and AMFI’s portal. In case of any delays, a press release will be issued explaining the reasons and expected time for the next update. Investors can also opt to receive the latest NAV via SMS from the AMC.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.