Tata MF introduces Nifty Capital Markets Index Fund
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Tata Mutual Fund has launched Tata Nifty Capital Markets Index Fund, an open-ended scheme replicating / tracking Nifty Capital Markets Index (TRI)). The NFO opens for subscription on October 07, 2024 and closes on October 21, 2024. Entry load is not applicable for the scheme. 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 with Nifty Capital Markets 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 Nifty Capital Markets Index (TRI), subject to tracking error.
