Tata Nifty MidSmall Healthcare Index Fund NFO: Key details you need to know

9 Apr 2024 , 12:10 PM

Tata Mutual Fund is launching NFO under its “Index Fund”, named as Tata Nifty MidSmall Healthcare Index Fund. The open ended fund aims to provide returns, before expenses, that are in line with the performance of Nifty Auto Index (TRI), subject to tracking error.

Investment strategy: The Fund is a passively managed Index fund which will employ an investment approach designed to replicate / track the performance of the Nifty MidSmall Healthcare Index (TRI). The Scheme seeks to achieve this goal by investing in securities constituting the Index in same proportion as in the Index.

Asset allocation: The asset allocation under the scheme takes place in equity and equity related instruments comprised in Nifty MidSmall Healthcare Index.

Who should invest?

Investors with very high risk appetite should invest in the Tata Nifty MidSmall Healthcare Index Fund for 5 or more years.

Risk associated: Very high level of risk.

Benchmark: Nifty MidSmall Healthcare Index (TRI).

Fund Managers: Kapil Menon.

The NFO is available for subscription from April 08 to April 22. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is ₹5000/- and in multiples of any amount thereafter.

It offers a Regular Plan and a Direct Plan. Each plan offers Growth and Income options. Click here to invest in Tata Nifty MidSmall Healthcare Index.