The investment objective of the scheme will be to provide returns, before expenses, commensurate with the performance of Nifty Capital Markets Index (TRI), subject to tracking error.
The scheme will be benchmarked against Nifty Capital Markets Index (TRI). The scheme will be managed by Kapil Menon.
The scheme will allocate 95-100% in securities covered by Nifty Capital Markets Index and 0-5% in debt / money market instruments including units of mutual funds.
The scheme will offer regular and direct plans both with growth and IDCW options. An exit load of 0.25% of the applicable NAV, if redeemed on or before 15 days from the date of allotment. The minimum investment amount will be Rs 5,000 and in multiple of Re 1 thereafter. There is no minimum amount requirement, in case of investors opting to switch “all units” from any existing schemes of Tata Mutual Fund to this scheme.
The minimum additional purchase amount will be Rs 1,000 and in multiples of Re 1 thereafter. The minimum redemption amount will be Rs 500 or 50 units or folio balance whichever is lower.The scheme will be suitable for investors who are seeking long term capital appreciation and want investment in equity and equity related instruments comprising of Nifty Capital Markets Index.The principal invested in the scheme will be at “very high” risk according to the riskometer of the scheme.
Nifty Capital Markets Total Returns Index was launched on September 9, 2024. Nifty Capital Markets Index aims to track the performance of stocks from the Nifty 500 Index which represent the capital market theme. The top constituent by weightage in the index is HDFC Asset Management Company with a weightage of 17.47%
