NFO alert: Tata Asset Management has launched the Tata India Innovation Fund, which aims to provide investors with the opportunity for long-term capital appreciation by investing in companies that are actively adopting innovative strategies and themes across various sectors. The NFO is expected to start on November 11, 2024 and close on November 25, 2024.

The fund will target companies driving transformative innovation through research and development and cutting-edge technologies such as machine learning, artificial intelligence and digital transformation.

“India’s financial services sector has leveraged digital public infrastructure to usher the country into a new digital era, significantly expanding financial inclusion nationwide. In line with global climate action standards, India’s electric vehicle (EV) sector, battery technology and renewable energy segments. “We are experiencing considerable investment and growth momentum. At the same time, substantial investments in R&D in the pharmaceutical and healthcare sectors are positioning India as a global hub for research and manufacturing,” said Tata Asset Management in a note.

Main features:

> The Tata India Innovation Fund will employ a bottom-up, innovation-driven stock selection strategy, offering a blend of valuation stability and growth opportunities.

> The program aims to provide investors with the opportunity for long-term capital growth by investing in stocks and stock-related instruments of companies using innovative strategies and themes. Please note that while efforts will be made to achieve this goal, there is no guarantee of success. As such, the program does not promise any specific returns.

> Type of program: Open-ended program focused on the theme of innovation.

> Companies that use research and development (R&D) and cutting-edge technologies such as machine learning, artificial intelligence and digital transformation.

> Benchmark index: Nifty 500

> Minimum application amount: The minimum investment amount is Rs 5,000, with subsequent investments in multiples of Rs 1.

> Fund Managers: Meeta Shetty and Kapil Malhotra are the fund managers, overseeing the foreign portfolio.

> Exit Charge: An exit charge of 1% of the applicable Net Asset Value (NAV) will be charged on redemption within 90 days from the date of allotment.

“Two things matter when it comes to investing: identifying a company that will be around for the next 10 years and its ability to make money over the next decade. Having just one is not enough. Among other things, what gives them the right to win is innovation. It is the only thing that helps in survival and growth. This requires progressive and revolutionary innovation. Innovation provides competitive advantage and the ability to stay ahead of the curve. India is at the forefront of digital technology,
innovation in manufacturing and services opens up many opportunities. The fund aims to capture some of these opportunities in companies that aim to thrive and grow,” said Anand Vardarajan, chief commercial officer at Tata Asset Management.

Nippon India Nifty Realty Index Fund and Nippon India Nifty Auto Index Fund

Nippon India Mutual Fund has launched two index funds: Nippon India Nifty Realty Index Fund and Nippon India Nifty Auto Index Fund. The New Fund Offering (NFO) for these schemes will be available for subscription from November 14 to November 28, with continuous sales and redemptions from December 10. Investors can apply for both schemes with a minimum amount of Rs 1,000 and in multiples of Re 1 thereafter. The fund manager for both projects will be Himanshu Mange.

These programs are ideal for investors seeking long-term capital growth and interested in stocks and related securities that replicate the composition of the underlying index, accounting for tracking errors.

Nippon India Nifty Realty Index Fund

The Nippon India Nifty Realty Index Fund is an open-ended program designed to reflect the performance of the Nifty Realty Index. The primary objective of this program is to provide investors with returns closely aligned with the total returns of securities included in the Nifty Realty Index, taking into account expenses and potential tracking errors.

The program will be evaluated against the Nifty Realty TRI benchmark. Investors can expect the program to allocate between 95-100% of its assets in Nifty Realty Index securities, with the remaining 0-5% consisting of cash, cash equivalents, instruments money market or programs primarily focused on money market securities or cash. diagrams.

Nippon India Nifty Auto Index Fund

The Nippon India Nifty Auto Index Fund is an open-ended scheme designed to reflect the performance of the Nifty Auto Index. The primary objective of this fund is to generate investment returns closely correlated to the total returns of securities in the Nifty Auto Index, less expenses, while taking into account possible tracking errors.

The pattern will be compared to the Nifty Auto TRI benchmark. The fund will primarily invest 95-100% in securities that make up the Nifty Auto Index, with a small allocation of 0-5% to cash, cash equivalents, money market instruments or schemes focused on money market securities or liquid systems.