Tata Mutual Fund files draft document for two index funds

Tata Mutual Fund has filed two draft documents with Sebi for two index funds: Tata Nifty Realty Index Fund and Tata Nifty Auto Index Fund.

Tata Nifty Realty Index Fund

Tata Nifty Realty Index Fund will be an open-ended scheme replicating / tracking an Nifty Realty Index (TRI).

The investment objective of the scheme will be to provide returns, before expenses, that commensurate with the performance of Nifty Realty (TRI), subject to tracking error.


The scheme will be benchmarked against Nifty Realty Index (TRI). The scheme will allocate 95-100% in securities covered by Nifty Realty Index, and 0-5% in debt / money market instruments including units of mutual funds.

The scheme will be suitable for investors who are seeking long-term capital appreciation and want investment in equity and equity related instruments comprised in Nifty Realty Index.

Also Read | Crorepati dream: 12 mutual funds deliver over 100x return in 2-3 decades

Tata Nifty Auto Index Fund

Tata Nifty Auto Index Fund will be an open-ended scheme replicating/tracking an Nifty Auto Index (TRI).

The investment objective of the scheme will be to provide returns, before expenses, that are in line with the performance of Nifty Auto Index (TRI), subject to tracking error.

The scheme will be benchmarked against NIFTY Auto Index (TRI). The scheme will allocate 95-100% in securities covered by Nifty Auto Index, 0-5% in debt and money market instruments including units of mutual funds.

The scheme will be suitable for investors who are seeking long-term capital appreciation and want investment in equity and equity related instruments comprised in Nifty Auto Index.

Also Read | Looking for best mutual funds for SIP investment? Check top 10 winners of last 5 years

The schemes will offer regular and direct plans both with growth and IDCW options. The minimum application amount for both the schemes will be Rs 5,000 and in multiple of Re1 thereafter. The minimum application amount for additional purchase in both the schemes will be Rs 1,000 and in multiples of Re 1 thereafter.

The minimum redemption amount for both the schemes will be Rs 500 or 50 units or folio balance whichever is lower.

The schemes will be managed by Kapil Menon.The principal invested in both the schemes will be at “very high” risk according to the riskometer of the scheme.The exit load applicable on both the schemes will be 0.25% of the applicable NAV, if redeemed on or before 15 days from the date of allotment.