NFO: Tata Asset Management launches Tata Nifty Capital Markets Index Fund; check out subscription dates, minimum investment and other key details

NFO: Tata Asset Management launches Tata Nifty Capital Markets Index Fund; cheque retired subscription dates, minimum concern and different cardinal details

Tata Asset Management Company has launched the Tata Nifty Capital Markets Index Fund, the country's archetypal scale money based connected the recently launched Nifty Capital Markets Index. 

The scale includes companies from fiscal services verticals specified arsenic plus absorption companies, exchanges and information platforms, stockbroking and allied services, depositories, clearing houses, fiscal products distributors, ratings, and different superior market-related services, Tata Asset Management Company said successful a release.

"We person seen a monolithic surge of maturation successful demat accounts which present stands adjacent to 16 crore. The communal money industry's AUM surpassed the INR 65-lakh crore people successful August 2024.  In the past decade, MF manufacture AUM  has moved 6.5 times from astir INR 10 Tn to 65 Tn. That being said, India's MF AUM-to-GDP ratio stands astatine conscionable 16%—well beneath the planetary mean of 74%—highlighting the important imaginable for aboriginal growth. The increasing colonisation and rising income level are besides starring to a surge successful HNI investors which are being catered by broking and wealthiness absorption outfits to conscionable their concern needs. This has led to the maturation of the full superior marketplace ecosystem comprising of broking, depository, exchanges, RTAs, and truthful on," said Anand Vardarajan, main concern serviceman astatine Tata Asset Management.

Tata Nifty Capital Markets Index Fund: Minimum investment

You tin put a minimum of Rs 5,000 successful this recently launched NFO and past successful a aggregate of Rs 1.

NFO Period

The NFO has started today, October 7, 2024 for subscription and volition extremity connected October 21, 2024.

However, the strategy volition reopen connected oregon earlier October 30, 2024.

The money manager of  Tata Nifty Capital Markets Index Fund is Kapil Menon.

Exit Load: 0.25 per cent of the applicable NAV, if redeemed connected oregon earlier 15 days from the day of allotment.

Mirae Asset Investment Managers has besides launched the Mirae Asset Nifty Total Market Index Fund, an open-ended strategy replicating/ tracking the Nifty Total Market Total Return Index. The money volition unfastened for subscription connected October 08, 2024, and adjacent connected October 22, 2024. The strategy re-opens for continuous merchantability and repurchase connected October 29, 2024. The strategy volition beryllium managed by Ekta Gala and Vishal Singh.