Tata Mutual Fund launches Tata Nifty Private Bank Exchange Traded Fund

NFO period: 16^th August – 29^th August, 2019

Highlights of the NFO:

• Scheme type – An Open-Ended Exchange Traded Fund replicating / tracking Nifty Private Bank Index


• Investment objective – The investment objective of the scheme is to provide returns that is closely correspond to the total returns of the securities as represented by the Nifty Private Bank index, subject to tracking error. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.


• Product suitability – This product is suitable for investors who are seeking long term capital Growth. An exchange traded fund that aims to provide returns that closely correspond to the returns provided by Nifty Private Bank Index, subject to tracking error.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Not Available.


• Fund Managers – Mr. Sailesh Jain


• Benchmark – Nifty Private Bank Index (Total Return Index)