Tata Mutual Fund has just launched a whopping six new index funds, giving you more ways to invest in India’s growing economy! These new funds focus on a variety of exciting sectors poised for big things, allowing you to target your investments for the future. Let’s dive into the details!
Open for a Limited Time!
The new fund offers (NFO) for these schemes will be open from April 8th to April 22nd, 2024. The minimum investment to get started is Rs 5,000, making it accessible to a wide range of investors.
Three Industry Firsts!
Three of the six new funds are unique offerings you won’t find anywhere else. These include:
- Tata Nifty MidSmall Healthcare Index Fund: This fund tracks the performance of small and mid-sized companies in the healthcare sector, a space experiencing significant growth.
- Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund: This fund focuses on companies involved in manufacturing across various sizes, from large established corporations to growing small businesses.
- Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund: This fund invests in companies across the infrastructure sector, which is seeing heavy investment by the Indian government.
In addition to the three unique funds mentioned above, Tata Mutual Fund also launched these three index funds:
- Tata Nifty Auto Index Fund: This fund provides exposure to the Indian automobile industry, which is undergoing a transformation with electric vehicles.
- Tata Nifty Realty Index Fund: This fund invests in companies in the real estate sector, which is experiencing a resurgence after a period of slow growth.
- Tata Nifty Financial Services Index Fund: This fund offers investment in companies across the financial services sector, a key driver of the Indian economy.
What are Index Funds?
Index funds are a type of investment that follows a specific market index. Instead of trying to pick individual winning stocks, these funds simply mirror the performance of the chosen index. This means they offer a simpler and more hands-off approach to investing.
Why Choose These New Tata Mutual Funds?
According to Anand Varadarajan, head of institutional clients at Tata Asset Management, these funds target sectors with high growth potential. He highlights areas like real estate, which is experiencing a resurgence, and the auto sector, which is undergoing a transformation with electric vehicles. The healthcare fund focuses on smaller companies with plenty of room for growth, while the infrastructure and manufacturing funds capitalize on government initiatives to boost these sectors.
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