Tata Nifty Exchange Traded Fund: New Fund Offer (NFO) of Tata Mutual Fund is open from 17-Dec-2018 to 31-Dec-2018.
According to Tata Mutual Fund, this plan is suitable for investors who are seeking:-
- Long-Term Capital Growth, and
- Investments in Equity & Equity related instruments covered by Nifty 50 Index.
About Tata Nifty Exchange Traded Fund
| Name of the Scheme | Tata Nifty Exchange Traded Fund |
|---|---|
| Fund House | Tata Mutual Fund |
| Scheme Type | Open Ended |
| Scheme Category | Exchange Traded Fund (ETF), Nifty 50 ETF |
| Issue Starts | 17-Dec-2018 |
| Issue Closes | 31-Jan-2019 |
| NFO Unit Price | Rs 10 per unit |
| Minimum Investment | Rs 5000 |
| Entry Load | No |
| Exit Load | No |
| Investment Manager | Tata Asset Management Ltd. |
Investment Objectives
According to the fund house, the investment objectives of the scheme is as follows:-
The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the Nifty 50 index, subject to tracking error.
However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.
Proposed Asset Allocation
| Instruments | Indicative allocations (% of total assets) |
Risk Profile | |
|---|---|---|---|
| Minimum | Maximum | High/ Medium/ Low | |
| Equity and Equity related instruments covered by Nifty 50 index* | 95 | 100 | High |
| Money Market Instruments including CBLO or any other instrument as may be permitted by SEBI and units of liquid scheme of Tata Mutual Fund |
0 | 5 | Low |
*Exposure to equity derivatives of the index itself or its constituent stocks may be undertaken when equity shares are unavailable, insufficient or for
rebalancing in case of corporate actions for a temporary period. The cumulative gross exposure through equity, debt and derivative positions shall not exceed 100% of the net assets of the scheme.
- The net assets of the scheme will be invested predominantly in stocks constituting the Nifty 50.
- It will invest in all the stocks comprising the Nifty 50 in approximately the same weightage that they represent in the Nifty 50.
- A small portion of the net assets will be invested in money market instruments
(Read: ETF – Exchange Traded Fund – What are ETFs? How ETFs Work?)
About Tata Mutual Fund
Tata Mutual Fund is one of India’s leading mutual fund houses. It was incorporated in the year 1994. This fund house is sponsored by Tata Sons Limited & Tata Investment Corp. Ltd. Assets of this mutual fund are managed by Tata Asset Management Ltd.
As of 30-Sep-2018, the total Asset Under Management (AUM) of Tata Mutual Fund is Rs. 54824.12 crore.
Registered Office: 9th Floor, Mafatlal Centre, Nariman Point, Mumbai – 400 021.
Telephone: (022) 66578282
Website: www.tatamutualfund.com
E-mail: service@tataamc.com
(Read: NFO: New Fund Offer of Mutual Funds)
Please click here to read the scheme related document.
Disclaimer: This post is just an information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
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Tags: #NFO #Mutual Fund #New Mutual Fund #Tata NFO #New Fund Offer #Tata Mutual Fund
