Tata India Innovation Fund Review – Tata India Innovation Fund Review Direct NFO Open on 11 November 2024 and Close on 25 November 2024. Tata India Innovation Fund Direct NFO Allotment Date is 28 November 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹5,000. The Minimum SIP Investment Amount is ₹100.
Type of the Scheme
An open-ended equity scheme following innovation theme.
Scheme Benchmark : NIFTY 500 TRI – Benchmark Selection Rationale: The scheme is benchmarked to Nifty 500 TRI as the index constituents reflects the underlying fund’s universe in the best possible manner.
The composition of the benchmark is such that it is most suited for comparing performance of the Scheme. The Board of AMC and Trustee will review the performance of the Scheme in comparison to the benchmark. Total Return variant of the index (TRI) will be used for performance comparison. The Trustee/AMC may change the benchmark in future, if a benchmark better suited to the investment objective of the Scheme is available, subject to SEBI (MF) Regulations, Circulars and any other prevailing guidelines, as applicable from time to time.
Tata India Innovation Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| HDFC Bank Ltd. | 7.09 |
| ICICI Bank Ltd. | 4.90 |
| Reliance Industries Ltd. | 4.86 |
| Infosys Ltd. | 3.41 |
| ITC Ltd. | 2.45 |
| Bharti Airtel Ltd. | 2.33 |
| Larsen & Toubro Ltd. | 2.30 |
| Tata Consultancy Services Ltd. | 2.18 |
| Axis Bank Ltd. | 1.78 |
| State Bank of India | 1.70 |
Tata India Innovation Fund Important Date
| Scheme Offer | Tata India Innovation Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 11 Nov 2024 |
| Close Date | 25 Nov 2024 |
| Allotment Date | 28 Nov 2024 |
| Category | Equity-Thematic |
| Min Inv ₹ | ₹5,000 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | NIFTY 500 TRI |
Investment Objective of the Scheme ?
The investment objective of the scheme is to provide investors with opportunities for long term capital appreciation by investing in equity and equity related instruments of companies that seeks to benefit from adoption of innovative strategies & theme. 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.
Tata India Innovation Fund Other Details
| Exit Load | 1% |
|---|---|
| Exit Load Details | Exit load of 1%, If sold before 90 days. |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 5,000 |
| Min. SIP | Rs. 100 |
Tata India Innovation Fund Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Equity and equity related instruments of companies following innovation theme | 80% | 100% |
| Other Equity & Equity related Instruments and including units of mutual fund | 0% | 20% |
| Debt and Money market instruments including units of mutual fund | 0% | 20% |
| Units issued by REITs & InvITS | 0% | 10% |
Manager Manage the Scheme?
Fund Manger : Meeta Shetty
Qualification : Bachelor in Economics, CFA Charter holder
Experience : From Mar 2017 till date with Tata Asset Management Private Ltd reporting to Chief Investment OfficerEquities. Earlier she was Research Analyst, tracking Pharma, Technology and Telecom sector. Reporting to the Chief Investment Officer – Equities.
Fund Manger : Kapil Malhotra
Qualification : MBA (PGPEM) from Indian Institute of Management, Bangalore, B.Sc (Hons) in Business and Administration, Brunel University, London, U.K
Experience : Tata Asset Management Private Limited From 19-Dec-2023 onwards Fund Manager for Overseas Investments, reporting to CIO – Equities From 04-Jan-2023 till 18-Dec-2023 Research Analyst, reporting to CIO – Equities Trust Financial Consultancy Services Pvt. Ltd. From 07-Dec-2020 till 03-Jan-2023.
Tata India Innovation Fund Sector Representation
| Sector | Weightage |
|---|---|
| Financial Services | 28.98 |
| Information Technology | 9.64 |
| Oil, Gas & Consumable Fuels | 7.82 |
| Fast Moving Consumer Goods | 7.09 |
| Automobile and Auto Components | 7.00 |
| Healthcare | 6.32 |
| Capital Goods | 5.67 |
| Power | 3.70 |
| Consumer Services | 3.43 |
| Metals & Mining | 3.39 |
| Consumer Durables | 3.05 |
| Construction | 2.99 |
| Telecommunication | 2.99 |
| Chemicals | 2.21 |
| Construction Materials | 2.00 |
| Services | 1.68 |
| Realty | 1.33 |
| Textiles | 0.27 |
| Media, Entertainment & Publication | 0.21 |
| Diversified | 0.13 |
| Forest Materials | 0.08 |
Tata India Innovation Fund Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | -6.52 | 16.78 | 35.05 | 18.55 | 11.02 |
| Total Return | -6.45 | 17.80 | 36.33 | 19.77 | 12.74 |
Where Will the Scheme Invest ?
- Equity and equity related instruments of those companies following innovation theme.
- Other Equity & Equity related Instruments.
- Debt and money market instruments including unrated debt investments, tri-party repos, securitized debt, Repo in corporate debt and corporate reverse repo.
- Units of Mutual Fund Schemes.
- ADR/GDR/Foreign securities/Overseas ETFs as permitted by Reserve Bank of India and Securities and Exchange Board of India.
- Fixed Income Derivatives – Interest rate Swap and Forward Rate agreements.
- Units of REITs & InvITS.
- Writing of call options under covered call options.
- Any other securities / instruments as permitted by SEBI /RBI from time to time subject to regulatory approvals.
Also Read: Bajaj Finserv Consumption Fund Review
Tata India Innovation Fund Registrar
Computer Age Management Services Ltd.
7th Floor, Tower II, Rayala Towers, 158,
Anna Salai, Chennai – 600002
Telephone:1800-3010-6767
Email: enq_h@camsonline.com
Website: www.camsonline.com
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