TATA MF LAUNCHES TATA INDIA INNOVATION FUND

Published on Nov 13, 2024 14:52

Tata Mutual Fund has launched a new thematic fund, the Tata India Innovation Fund. This open-ended scheme aims to capitalize on the potential of innovation-driven companies by investing in equity and equity-related instruments.

The fund will employ an active management approach, focusing on a bottom-up stock selection process. The fund managers, Meeta Shetty and Kapil Malhotra, will seek to identify companies that are at the forefront of innovation, both in terms of breakthrough and incremental advancements.

The fund`s investment universe will encompass companies across various market capitalizations and sectors that are innovating in products, services, and business models. The fund will adhere to a Growth at Reasonable Price (GARP) philosophy, aiming to balance growth potential with valuation considerations.

The Tata India Innovation Fund is categorized as a high-risk investment. It is suitable for investors with a very high-risk appetite and a long-term investment horizon of 5 to 7 years.

The NFO is open for subscription from November 11 to November 25, 2024. The minimum investment amount is Rs 500. Investors can choose from Regular Plan, Direct Plan, Growth, and Income options. The fund`s benchmark is the NIFTY 500 TRI.

While the fund aims to provide long-term capital appreciation, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.