Tata India Innovation Fund NFO: Details you should know

13 Nov 2024 , 11:50 AM

Tata Mutual Fund is launching NFO under its “Thematic Fund”, named as Tata India Innovation Fund. The open ended fund aims to provide investors with opportunities for long term capital appreciation by investing in equity and equity related instruments of companies that seeks to benefit from adoption of innovative strategies & theme.

Investment strategy: The fund manager will employ an active management approach, utilizing a bottom-up stock selection process to enhance returns. The scheme will maintain a diversified portfolio across various market capitalizations.

Asset allocation: The fund aims to provide long-term capital appreciation by investing 80-100% of total assets in equity and equity related securities of companies following innovation theme.

Who should invest?

Investors with very high risk appetite should invest in the Tata India Innovation Fund for 5 to 7 years.

Risk associated: Very high level of risk.

Benchmark: NIFTY 500 TRI

Fund Managers: Meeta Shetty, Kapil Malhotra,

The NFO is available for subscription from November 11 to November 25, 2024. 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 ₹500/- and in multiples of any amount thereafter.

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Tata India Innovation Fund.