Tata Mutual Fund launches Tata Nifty India Digital Exchange Traded Fund
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
(An Open-Ended Exchange Traded Fund replicating / tracking Nifty India Digital Index)
NFO opens on 14th March 2022 and closes on 25th March 2022
Tata Mutual Fund launches Tata Nifty India Digital Exchange Traded Fund - an Open-Ended Exchange Traded Fund replicating / tracking Nifty India Digital Index.
Key Highlights
• Spend on the digital transformation has gathered pace over the last 2 years and is now cutting across businesses, economic activities and various consumption chains. This is not only to optimize cost but to also drive revenues.
• Traditional players are being challenged by the new age companies who are re-imagining businesses or the modes of delivery of various goods and services.
• These new age companies not only benefit from availability of risk capital but have also seen higher penetration and wider acceptance by the customers due to the pandemic.
• With NSE 500 as the universe for Nifty India Digital Index, basic industries are defined to cover companies which are focused on digital technology by the Index constructor NSE.
• The index selects top 30 companies based on market cap which align to the pre-defined set of basic industries.
Speaking on the launch, Meeta Shetty, Senior Analyst & Fund Manager, Tata Mutual Fund said, “Tata Nifty India Digital Exchange Traded Fund is a passive portfolio replicating a predefined Digital India Index
Current characteristics of Nifty India Digital Index based on its index construction methodology represents the digital change agent companies and digital enablers. Digital transformation is
Above views are of the author and not of the website kindly read disclaimer
