Published: 12 April 2024
Recently, Tata introduced six sectoral and thematic NFOs (new fund offers). These funds were opened for subscription on April 8, 2024, and will remain available till April 22, 2024
They will be passively managed and target the automobile, financial services, healthcare, infrastructure, manufacturing, and real estate sectors. Let’s examine each one.
Benchmark: Nifty MidSmall Healthcare Index (TRI), Index performance (%): 3-yr: 23.4, 5-yr: 21.4, 10-yr: 15.7
Benchmark: Nifty 500 Multicap Manufacturing 50:30:20 Index (TRI), Index performance (%): 3-yr: 23.4, 5-yr: 21.4, 10-yr: 15.7
Benchmark: Nifty 500 Multicap Infrastructure 50:30:20 Index (TRI), Index performance (%): 3-yr: 29.1, 5-yr: 22.7 10-yr: 17.1
Benchmark: Nifty Realty Index (TRI), Index performance (%): 3-yr: 42.5, 5-yr: 28.3, 10-yr: 16.9
Benchmark: Nifty Auto Index (TRI), Index performance (%): 3-yr: 15.3, 5-yr: 14.5, 10-yr: 14.3
Benchmark: Nifty Financial Services Index (TRI), Index performance (%): 3-yr: 12.1, 5-yr: 11.8, 10-yr: 15.0
Kapil Menon, who previously worked as a Dealer at the fund house, will oversee the management of the six schemes.
While such funds aim to provide exposure to certain industries, concentration in a particular sector makes these funds more volatile. Thus, we suggest you avoid investing in them.