Warm Greeting To Our Readers!!
“Tata Mutual Fund launches ‘Tata Nifty India Digital Exchange Traded Fund’ NFO. The fund is open for subscription between March 14, 2022, to March 25, 2022!!”
Read below for more details about the NFO!
Basic Details About The New Fund Offer!!
- Fund Name- Tata Nifty India Digital Exchange Traded Fund
- Type- An open-ended Exchange Traded Fund (ETF).
- Subscription open date- 14th March 2022
- Subscription close date- 25th March 2022
- Benchmark- Nifty India Digital Index (TRI)
- Minimum Amount for Application during NFO- Rs. 5,000 and in multiples of Re. 1/- thereafter
- Plans- Not Available
- Options Available- Not Available
The Tata Nifty India Digital Exchange Traded Fund NFO is an open-ended Exchange Traded Fund replicating/tracking Nifty India Digital Index
The investment objective of the scheme is to provide returns that correspond 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.
The units of the Scheme will be available in dematerialized form only. Investors intending to invest in units of the scheme are required to have a beneficiary account with the Depository Participant (DP) (registered with NSDL /CDSL as may be indicated by the Fund at the time of launch). The units of the Scheme will be issued, traded, and settled compulsorily in dematerialized form.
Exit Load And Entry Load Trends!!
The NFO does not charge any entry load nor does it charges any exit load.
Fund Managers Of The NFO!!
The fund manager appointed to manage the new NFO is Mrs. Meeta Shetty.
With over 13 years of industry experience, Meeta Shetty is the Assistant Fund Manager of Tata Digital India Fund and Tata India Pharma & Healthcare Fund since November 2018. She joined Tata Asset Management Ltd. in March 2017 as Research Analyst, tracking IT, Pharma, and Telecom sectors. She is a Chartered Financial Analyst and a bachelor’s in economics.
Who Should Invest In This NFO?
The product is suitable for investors who are seeking
- Long term capital growth
- An exchange-traded fund that aims to provide returns that correspond to the returns provided by Nifty India Digital Index, subject to tracking error
Note: Investors should consult their financial advisers if in doubt about whether the product is suitable for them or you can also get in touch with our executives for more suggestions.
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For any kind of query, you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.
(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee to future returns).