Minimum SIP ₹ 100 : TATA MF Innovation Fund ~ Estate, Market, Fund, Insurance, Loan

Minimum SIP ₹ 100 : TATA MF Innovation Fund

The NFO opened on 2024 November 11 and will close on November 25.

TATA MF has launched an open-ended equity fund under the innovation theme.

Minimum SIP ₹ 100

Minimum Lumpsum ₹ 5,000

The fund will invest in companies that adopt or benefit from innovative strategies, including those developing new products, investing in R&D, disrupting business models, and adapting to new processes within their industry. The fund will employ a bottom-up innovation-led stock selection approach.

Innovation gives competitive advantage and ability to stay ahead. India is at the forefront of digital, manufacturing and services innovation leading to a great number of opportunities. The fund aims to capture some of these opportunities in companies which aim to thrive and grow.

India is witnessing transformative changes across diverse sectors led by digitalization in finance, health tech, automotive solutions, consumer tech, and beyond. Building on our steady rise in global innovation rankings, we are taking significant strides in areas like digital commerce, green mobility, EV battery infrastructure, space tech and advanced healthcare. The Tata India Innovation Fund is designed to harness these shifts, offering investors a chance to participate in the growth stories of companies leading this innovation wave.

Meeta Shetty, Fund Manager, will manage the scheme, and Kapil Malhotra, Research Analyst - Equity, will overlook the overseas portfolio.

Benchmark

Nifty 500 TRI

NFO Start Date 11-11-2024

NFO End Date 25-11-2024

Exit Load:
1% of the applicable NAV, if redeemed on or before 90 days from the date of allotment.

The investment objective of the scheme is to provide investors with opportunities for long term capital appreciation by investing in equity and equity related instruments of companies that seek to benefit from adoption of innovative strategies & themes. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.

Investment Philosophy

1. Invest in the Future: The fund aims to create a bottom-up portfolio of innovation-led companies, focusing on both incremental and breakthrough innovations

2. Types of Innovation: The fund will invest in companies that are making significant, game-changing advancements (breakthrough innovation) as well as those making small, continuous improvements to existing products, services, or processes (incremental innovation)

3. Stock Selection Philosophy: The fund would follow Growth at Reasonable Price (GARP) philosophy

Portfolio Positioning and Construction

· The investment universe shall include Companies innovating across Products, Services and Business Models.

· For companies qualifying as Breakthrough Innovation or Incremental Innovation, the fund would then assess the growth potential and valuation comfort for inclusion in the portfolio.

· The fund will seek investment opportunities across various market caps and sectors.