Tata Nifty Financial Services Index Fund NFO Review – Tata Nifty Financial Services Index Fund NFO Open on 08 April 2024 and Close on 22 April 2024. Tata Nifty Financial Services Index Fund NFO Allotment Date is 25 April 2024, and the NFO Type is (Open-Ended). NFO Risk is Very High and the Minimum Investment Amount is ₹5,000. The Minimum SIP Investment Amount is ₹100.
About Scheme –
As per the investment objective of the scheme, the investment would primarily be in securities which are constituents of the Nifty Financial Services Index. Thus, the composition of the aforesaid benchmark index is such that it is most suited for comparing performance of the Scheme.Big Financial Services Companies Such As banks, Financial institutions, Housing Finance, NBFC, Insurance and other Financial Services Companies ,The index Comprises of Maximum of 20 Stocks is More Retail below .
| Sr. No. | Company Name | Weights |
|---|---|---|
| 1. | HDFC BANK LTD. | 28.67 |
| 2. | ICICI BANK LTD. | 22.27 |
| 3. | AXIS BANK LTD. | 9.00 |
| 4. | STATE BANK OF INDIA | 8.67 |
| 5. | KOTAK MAHINDRA BANK LTD. | 7.50 |
| 6. | BAJAJ FINANCE LTD. | 5.46 |
| 7. | BAJAJ FINSERV LTD | 2.61 |
| 8. | SBI LIFE INSURANCE COMPANY LTD. | 2.11 |
| 9. | SHRIRAM FINANCE LTD. | 2.05 |
| 10. | HDFC LIFE INSURANCE COMPANY LTD. | 1.85 |
| 11. | POWER FINANCE CORPORATION LTD | 1.76 |
| 12. | REC LTD | 1.65 |
| 13. | CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD. | 1.33 |
| 14. | ICICI LOMBARD GENERAL INSURANCE COMPANY LTD. | 1.32 |
| 15. | HDFC ASSET MANAGEMENT COMPANY LTD | 1.14 |
| 16. | SBI CARDS AND PAYMENT SERVICES LTD. | 0.64 |
| 17. | ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD. | 0.63 |
| 18. | LIC HOUSING FINANCE LTD | 0.59 |
| 19. | MUTHOOT FINANCE LTD. | 0.43 |
| 20 | INDIAN ENERGY EXCHANGE LTD. | 0.33 |
Tata Nifty MidSmall Healthcare Fund Manager
Whenever we invest in any mutual fund or NFO, we should know well about the fund manager of that company – like how much experience he has in this industry, whether he has worked with any mutual fund before or not, etc.
Tata Nifty MidSmall Healthcare Fund Manager
| Name | Age | Educational Qualification | Total Experience | Other Schemes Under | Experience |
| Kapil Menon | 41 | B. Com | 20 | - | 10 Year Tata Asset Management |
