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Tata Mutual Fund (MF) has launched Tata Nifty India Digital Exchange Traded Fund, an Open-Ended Exchange Traded Fund replicating/tracking Nifty India Digital Index. The NFO opens for subscription on March 14, 2022 and closes on March 25, 2022. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereof.

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

The investment objective of the scheme is to provide returns that corresponds to the total returns of the securities as represented by the Nifty India Digital Index, subject to tracking error.