amina.finowings
Tata Mutual Fund has launched the Tata India Innovation Fund under Tata Asset Management (Tata AMC). Available from 11 November 2024 to 25 November 2024, this open-ended fund targets companies driving innovation, providing opportunities for investors looking to benefit from pioneering technologies. Minimum investment is set at Rs. 5,000.
Fund Objective and Strategy
The fund seeks long-term capital appreciation by investing in equity and related instruments of companies emphasizing innovative strategies. This includes businesses focused on both breakthrough and incremental advancements in products and services. The fund’s portfolio will primarily comprise 80-100% equity in companies aligning with innovation themes, with up to 20% allocated to debt, money market instruments, and REITs or InvITs.
Key Details
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Expense Ratio: Nil
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Exit Load: 1% for redemption within three months
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Benchmark: Nifty 500 TRI
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AUM: Rs.1.47 lakh crore
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Risk: Very High
Investment Plans
Investors can choose from Direct or Regular plans, with the option for SIPs starting at Rs. 100. The fund employs a Growth at a Reasonable Price (GARP) strategy, balancing growth potential and valuation.
Who Should Invest?
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Investors with high-risk tolerance and a long-term perspective.
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Those looking for exposure to companies driving innovative change across various sectors.
Asset Allocation
The fund’s portfolio is structured for diversification across both major breakthrough innovations and steady incremental improvements, focusing on long-term returns.
How to Invest After NFO Closure?
For those who miss the NFO, the scheme reopens for continuous sale and repurchase on 05 December 2024.
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