Tata MF introduces BSE Quality Index Fund
Tata Mutual Fund (MF) has launched Tata BSE Quality Index Fund, an open-ended fund replicating / tracking the BSE Quality Total Return Index (TRI). The NFO opens for subscription on March 17, 2024 and closes on March 28, 2024. The Entry Load is not applicable for the scheme. The Exit load will be 0.25% of the applicable NAV - if redeemed on or before 15 days from the date of allotment. Goods & Service Tax on exit load, if any, will be paid out of the exit load proceeds and exit load net of Goods & Service Tax, if any, will be credited to the scheme. The minimum subscription amount is Rs 5,000/- and in multiple of Re.1/- thereafter
The performance of the scheme will be benchmarked against BSE Quality Total Return Index (TRI) and its fund manager is Kapil Menon.
The investment objective of the scheme is to provide returns, before expenses, that commensurate with the performance of BSE Quality Total Return Index (TRI), subject to tracking error.
