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Tata Mutual Fund (MF) has launched Tata Nifty India Digital ETF Fund of Fund (FoF), an open-ended fund of fund scheme investing in Tata Nifty India Digital Exchange Traded Fund. The NFO opens for subscription on March 25, 2022 and closes on April 08, 2022. The Entry load is nil for the scheme. Redemption/Switch-out/SWP/STP on or before expiry of 365 days from the date of allotment: The exit load will be nil, if the withdrawal amount or switched out amount is not more than 12% of the original cost of investment and there will be 1% exit load, if the withdrawal amount or switched out amount is more than 12% of the original cost of investment. Redemption/Switch-out/SWP/STP after expiry of 365 days from the date of allotment there will be no exit load. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.

The performance of the scheme will be benchmarked against Nifty India Digital TRI Index and its fund manager is Meeta Shetty.

The investment objective of the scheme is to provide long-term capital appreciation by investing in Tata Nifty India Digital Exchange Traded Fund.