Finance Desk – Tata Mutual Fund has recently unveiled six new index funds. These funds were launched on April 8 and include a variety of sectors such as auto, realty, financial services, healthcare, manufacturing, and infrastructure.
With a minimum investment of Rs 5,000, investors have a unique opportunity to diversify their portfolios across different industries and market capitalizations. The New Fund Offers (NFOs) for these index funds will be open until April 22.
These are the Tata Nifty MidSmall Healthcare Index Fund, Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund, and Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund. Created in collaboration with Nifty Indices.
Tata Nifty MidSmall Healthcare Index Fund
This fund focuses on mid-cap and small-cap companies within the healthcare sector, tracking up to 30 stocks. Over the past year, its index has seen a remarkable 66.63 percent increase.
Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund
Targeting the manufacturing sector, this fund balances its investments across large-cap (50%), mid-cap (30%), and small-cap (20%) stocks. The fund’s index has surged by 53.78 percent over the last year.
Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund
This fund aims at the infrastructure sector, featuring a balanced mix of large, mid, and small-cap stocks. The fund’s index has achieved a 61.62 percent increase over the past year.
These new funds from Tata Mutual Fund not only offer investors diverse investment options but also the chance to participate in the growth of pivotal sectors of the Indian economy.
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