Tata Mutual Fund NFO 2022: If you want to make some investment on the occasion of Dussehra and Diwali, then Tata Group is bringing good news for you. Let us tell you that Tata Mutual Fund has launched a new fund. You can create a good fund by investing in it.
Invest by 17th October
Tata MF has launched Tata Nifty Midcap 150 Momentum 50 Index Fund on the previous day. It is an open-ended scheme that will track Nifty Midcap 150 Momentum 50 Index. The New Fund Offer (NFO) has been opened for subscription from 4 October 2022. You can invest in it till 17 October 2022.
Minimum investment of Rs 5000
Let us tell you that investment in this NFO can be started with at least Rs 5,000. After this, you can invest in multiples of Rs. In this, the minimum application amount is applicable for switch-in.
This is Tata’s fund
Tata Nifty Midcap 150 Momentum 50 Index Fund tracks the Nifty Midcap 150 Momentum 50 Index. The index selects the top 50 stocks based on their momentum score out of 150 midcap stocks. The midcap segment can provide a good position in terms of earnings stability and growth prospects.
What is exit load
Let us inform you that if redeemed on or before 90 days from the date of allotment of Tata Nifty Midcap 150 Momentum 50 Index Fund, the exit load is 0.25 percent of the applicable NAV. Its entry load is zero. It is to be known that under Tata Nifty Midcap 150 Momentum 50 Index Fund one will have to invest 95-100 per cent in securities covered by Nifty Midcap 150 Momentum 50 Index. You can invest 5% in debt and money market instruments.
Disclaimer: The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. From ABPLive.com it is never advised to invest any money here.
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