Tata Nifty India Tourism Index Fund NFO review

Tata Mutual Fund launched the Tata Nifty India Tourism Index Fund on July 8, the first fund to focus solely on travel and tourism companies. The fund, aiming to capitalise on India's growing appetite for travel, will stay open for investor subscription until July 19, 2024. Tata Nifty India Tourism Index Fund: At a glance Fund name Tata NIFTY India Tourism Index Fund SEBI category Index fund NFO period July 8 to July 19, 2024 Investment objective To achieve returns similar to those of the NIFTY India Toursim (TRI), subject to tracking error Where will the fund invest Minimum 95 per cent investment in NIFTY India Toursim Benchmark NIFTY India Toursim Fund managers Kapil Menon Exit load Nil Tax treatment If units are sold within a year, capital gains