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Tata Mutual Fund has launched Tata India Innovation Fund, an open-ended equity scheme following innovation theme. The NFO opens for subscription on November 11, 2024 and closes on November 25, 2024. The Entry load is not applicable for the scheme. The Exit load will be 1% of the applicable NAV, if redeemed on or before 90 days from the date of allotment. The minimum subscription amount is Rs 5,000/- and in multiples of Re. 1/- thereafter.

The Scheme performance would be benchmarked against NIFTY 500 TRI and its fund managers are Meeta Shetty and Kapil Malhotra.

The investment objective of the scheme is to provide investors with opportunities for long term capital appreciation by investing in equity and equity related instruments of companies that seeks to benefit from adoption of innovative strategies & theme.