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Tata Nifty India Tourism Index Fund NFO: Review, Date & NAV

  


Introduction

Whether you are a seasoned fan or new to the world of NFOs, you've come to the correct spot to learn about the latest trends, insights, and news influencing this dynamic market. We are today at Tata Nifty India Tourism Index Fund-NFO Blog committed to giving you insightful knowledge, Financial attributes, past performance if any, etc. on this NFO. 

 

Everything You Need To Know About Tata Nifty India Tourism Index Fund NFO

The Tata Nifty India Tourism Index Fund NFO by Tata Mutual Fund is an equity program that is open-ended and has a sectoral or thematic theme. This is the country's first fund with a tourism theme. The lowest investment required to join is Rs.5000 for investors and in multiple of Rs.1 thereof. The scheme’s investments will mostly be made in stocks that are included in the Nifty India Tourism Index. The scheme is suitable for such investors who seek a Long-term generation of wealth and are looking to invest in equities and equity-related products, the Nifty India Tourism Index, might consider this product. The scheme has a 0.25% Exit Load if redeemed within 15 days.

To learn about the fund's asset allocation, and other financial characteristics that influence decision-making, carefully read this blog.

 

 

Tata Nifty India Tourism Index Fund - NFO Overview

The investment period for the Scheme is set for July 08, 2024, to July 19, 2024. The scheme is a very high-risk scheme. There is no assurance that the scheme's investment goal will be met. The scheme will allocate 95–100% of its investment capital to Securities covered by the Nifty India Tourism Index and the remaining portion will be allocated to Debt / Money Market Instruments including units of Mutual Funds. Since this scheme is a new scheme so no past performance record is available. 

 

Fund Overview

Start Date

08 July 2024

End Date

19 July 2024

Allotment Date

Not later than 4 to 5 business days after the closure date of the NFO

VRO Rating

-

Expense Ratio

NA

Exit Load

0.25% Exit Load if redeemed within 15 days.

AUM (Fund size)

NA

Lock-In

NA

Stamp Duty

0.005% (From July 1st 2020)

Benchmark 

Nifty India Tourism Index Fund (TRI)

Min. Investment

Rs.5000 and in multiples of Rs.1

Risk

Very High

Short-Term Capital Gains (STCG)

For less than 3 years, as per Tax Slab.

Long-Term Capital Gains (LTCG)

For more than 3 years, 20%.

 

 

How To Invest In The NFO After The Allotment Date?

If you have missed participating in the NFO and now want to invest in the same, then after 4 to 5 working days post-closure date of the NFO; you will have the option to participate and invest directly with the Mutual Fund by logging on to your demat account and search for “Tata Nifty India Tourism Index Fund- NFO” on Nifty India Tourism Index Fund (TRI). The investment amount will be as applicable: 

The process usually takes 8 to 10 business days to apply in the Mutual Fund after the closure date.

To open your Demat account, Click Here.

 

The Objective Of The Fund

The Scheme intends to deliver returns that, before costs, are in line with the Nifty India Tourism Index (TRI) performance, with the possibility of tracking inaccuracy applied to the travel theme. Nevertheless, there can be no promise or guarantee that the Scheme's investment goal will be met.

Asset allocation (% of Net Assets) Of The Scheme's Portfolio Will Be As Follows:

Types of Instruments

Minimum Allocation (% of Net Assets)

Maximum Allocation (% of Net Assets)

Risk

Securities covered by the Nifty India Tourism Index 

95

100

Very High

Debt / Money Market Instruments including units of Mutual Funds

0

5

Low

 

 

Peers Of Tata Nifty India Tourism Index Fund

No data available.

 

Risk Factors In This Scheme

  • Since the Scheme aims to invest in equity and equity-related instruments of the companies in this industry, there is a good chance that a large percentage of the companies in this industry will be concentrated in this industry. The risk of capital loss is greater for sectorial schemes due to high concentration risk.

  • Economic conditions, consumer demand and supply patterns, and political and geographic stability all have an impact on the rise of tourism. Economic downturns, geopolitical crises, warlike conditions, illness outbreaks like COVID-19 that limit traveler movement, and other factors may cause a reduction in tourist travel and the use of connected services, which could result in financial losses.

  • Establishing capital assets associated with tourism typically requires a significant outlay of funds and is regarded as less liquid than other investment assets like stocks, bonds, commodities, etc. Selling those assets could take some time, and market and geopolitical events might have an impact. As a result, it might be difficult to turn asset holdings into cash rapidly.

  • Among the many duties involved in operating hotels, resorts, restaurant spaces, airplanes, etc. are property upkeep, customer service, and handling unforeseen problems. A poorly managed investment may not be profitable at all due to unforeseen costs.

 

Past Performance Of Index / ETF Funds

Index / ETF Funds

NAV (Rs)

Annualized Return (1Y)

Return/Risk

Aditya Birla Sun Life Nifty PSE ETF-Growth

11.09

-

Very High Risk

DSP Nifty Healthcare ETF-G

82.00

68.17%

Very High Risk

Kotak Nifty PSU Bank ETF

735.09

68.23%

Very High Risk

SBI Nifty Index Direct Plan-Growth

224.07

27.52%

Performing Poorly

 

 

Tata Nifty India Tourism Index Fund NFO - Who Can Invest?

This fund is ideal for you if you are looking for a Long-term generation of wealth and are looking to invest in equities and equity-related products, the Nifty India Tourism Index, might consider this product

 

Tata Nifty India Tourism Index Fund NFO - Growth Fund Managers

  • Mr. Kapil Menon

Conclusion

The scheme comes under a very high-risk category and it plans to invest 95-100% in Equity and Equity securities underlying the index Nifty India Tourism Index Fund (TRI) and 0-5% in money market instruments including Mutual Funds units. There is no guarantee that the goals of this scheme will be achieved. The company has no previous performance record. Research well according to your objectives, and the time horizon of your investment. 

Disclaimer: This NFO analysis is provided solely for informative reasons and should not be construed as investment advice. Always conduct research and talk with a financial advisor before investing.



Frequently Asked Questions

+

The starting date of this NFO is July 08, 2024.

 

+

The end date of this NFO is 19 July 2024.

 

+

The NFO's Fund Manager is Mr. Kapil Menon.

 

+

The minimum investment for the NFO is Rs.5000 and in multiples of Rs.1.

 

+
  • Yes, you can apply and invest in this scheme after the closure date of the NFO on Nifty India Tourism Index Fund (TRI) by logging on to your Demat account.


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