Tata Mutual Fund files offer document for New Age Digital ETF
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Tata Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Tata New Age Digital ETF ‘. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. No investment option is available for the scheme and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked by Tata New Age Digital Index (TRI). The minimum application amount is Rs 5000 and Re 1 thereafter.
The investment objective of the scheme is to provide returns that is closely correspond to the total returns of the securities as represented by the Tata New Age Digital index, subject to tracking error.
