MUTUAL FUNDS
Tata MF introduces Nifty Private Bank Exchange Traded Fund
Aug-16-2019

Tata Mutual Fund (MF) has launched the Tata Nifty Private Bank Exchange Traded Fund, an open-ended exchange traded fund scheme. The NFO opens for subscription on August 16, 2019 and closes on August 29, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against Nifty Private Bank Index (Total Return Index) and its fund manager is Sailesh Jain.

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.

 

  RELATED NEWS >>