Tata Mutual Fund introduces Tata Nifty200 Alpha 30 Index Fund; All you need to know

Tata Nifty200 Alpha 30 Index Fund is a new open-ended index fund offered by Tata Mutual Fund. The fund aims to replicate the performance of the Nifty200 Alpha 30 Index, excluding expenses. It has no entry load but charges a 0.25% exit load for redemptions within 15 days of allotment. The minimum investment is ₹5,000. The fund's New Fund Offer (NFO) opened on August 19, 2024, and closes on September 2, 2024.

Objective of Scheme: The investment objective of the Tata Nifty200 Alpha 30 Index Fund is to provide returns, before expenses, that are commensurate with the performance of the Nifty200 Alpha 30 Index (TRI), subject to tracking error. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.

Risk-o-meter:

Funds Allocation (for both Schemes)

Who should invest in this fund?

This NFO of the Tata Nifty200 Alpha 30 Index Fund is suitable for investors who are seeking long-term capital appreciation and want to invest in equity and equity-related instruments comprising of Nifty200 Alpha 30 Index.

Benchmark

The performance of the Tata Nifty200 Alpha 30 Index Fund will be benchmarked to the performance of the Nifty200 Alpha 30 Index (TRI).

Peer Fund Schemes

Who Manages the Scheme?

Kapil Menon (AUM - ₹5,817 crore, Schemes – 29)

Menon has done B.Com. From June 2021 to the present date with Tata Asset Management Pvt Ltd as Dealer - currently reporting to Chief Investment Officer - Equities. From September 2006 to May 2021 with Tata Asset Management Pvt Ltd as Senior Manager -Investments. Reports to Chief Investment Officer -Equities.

Conclusion

The Tata Nifty200 Alpha 30 Index Fund offers an attractive option for investors seeking long-term capital appreciation by investing in equities mirroring the Nifty200 Alpha 30 Index.