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Tata Mutual Fund has launched Tata BSE Select Business Groups Index Fund, an open-ended scheme replicating / tracking BSE Select Business Groups Index (TRI). The NFO opens for subscription on November 25, 2024 and closes on December 09, 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. GST on exit load, if any, will be paid out of the exit load proceeds and exit load net of GST, 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 with BSE Select Business Groups 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 Select Business Groups Index (TRI), subject to tracking error.