Future is Digital

DIgital disruptions across sector doubled with the massive technology adoption to drive growth of the Digital India

India’s digital economy is estimated to touch $800 billion by 2030*

Growth of the digital economy with the rapid adoption of e-commerce and digital payments in small towns of India brought about by the pandemic

Indian start-ups had raised more than $32 billion in 2021 alone. There could be more than 100 unicorns in India by the end of 2022*

The impact of digitisation is resulting in transformation across sectors and business functions

Ancillary digital asset-related businesses are likely to drive most of India’s $1.1 trillion in total economic growth in the next 11 years#

Large-scale rapid expansion of mobile & internet networks to bridge the digital divide and make India one of the top digital markets globally

*Internet & Mobile Association of India (IAMAI) | # US India Strategic and Partnership Forum (USISPF) and Crosstower| # US India Strategic and Partnership Forum (USISPF) and Redseer| ^McKinsey Global Institute Digital India Report

The Investment Universe

Tata Nifty India Digital ETF Fund of Fund is an open-ended fund of fund scheme investing in units of Tata Nifty India Digital Exchange Traded Fund.

The underlying Fund i.e Tata Nifty India Digital Exchange Traded Fund will replicate the constituent of the Nifty India Digital Index (TRI).

The Scheme may also invest a small portion of its corpus in Debt & Money Market Instruments including units of Mutual Funds.

How does Nifty India Digital Index work?

The universe
Companies part of basic industries and defined to focus on digital technology that could be categorised into the digital change agents or enabler from the Nifty 500 index
Stock Selection
Index selects Top 30 companies based on market cap belonging to the pre-defined set of basic industries
Use of AI & ML
Index may use Artificial Intelligence (AI)/Machine Learning (ML) driven tools to identify companies within the universe
Capping
Weight of index constituents are capped and reviewed on a quarterly basis:
  • Sector weights are capped at 50%
  • Stock weights are capped at 7.50%
Reablancing & IPOs
  • The index rebalances quarterly.
  • Reconstitution is done semi annually
  • IPO inclusion is considered based post a listing period of 1-3 months
The universe
Stock Selection
Use of AI & ML
Capping
Reablancing & IPOs
Skip this section
Companies part of basic industries and defined to focus on digital technology that could be categorised into the digital change agents or enabler from the Nifty 500 index
Index selects Top 30 companies based on market cap belonging to the pre-defined set of basic industries
Index may use Artificial Intelligence (AI)/Machine Learning (ML) driven tools to identify companies within the universe
Weight of index constituents are capped and reviewed on a quarterly basis:
  • Sector weights are capped at 50%
  • Stock weights are capped at 7.50%
  • The index rebalances quarterly.
  • Reconstitution is done semi annually
  • IPO inclusion is considered based post a listing period of 1-3 months
Skip this section

Why this fund?

1. Benefit from the growth of the Indian digital ecosystem as it unfolds over the next 5 -10 years period

Watch Fund Manager Video

2. A unique and a niche offering within digital space investing in top 30 companies categorised under digital change agents and enablers

Watch Fund Manager Video

3. Focus on risk management with sector and stock capping with periodic rebalancing and reconstitution of the index.

Watch Fund Manager Video

Who should invest?

Suitable for investors

Believing in the growth of digital sector

Looking to invest in a domestic Fund of Fund

Seeking wealth creation opportunity in the long run

With an investment horizon of 5 years or more

Scheme Details

Scheme Name TATA NIFTY INDIA DIGITAL ETF FUND OF FUND
Investment Objective To provide long-term capital appreciation by investing in Tata Nifty India Digital Exchange Traded Fund. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.
Type of Scheme An Open ended fund of fund scheme investing in Tata Nifty India Digital Exchange Traded Fund.
Fund Manager Meeta Shetty
Benchmark Nifty India Digital TRI Index
Min. Investment Amount Rs. 5,000/- and in multiple of Re.1/- thereafter
Load Structure
  • Entry load: N.A
  • Exit Load:
    • Redemption/Switch-out/SWP/STP on or before expiry of 365 days from the date of allotment: If the withdrawal amount or switched out amount is not more than 12% of the original cost of investment- Nil
    • Redemption/Switch-out/SWP/STP on or before expiry of 365 days from the date of allotment: If the withdrawal amount or switched out amount is more than 12% of the original cost of investment-1%
    • Redemption/Switch-out/SWP/STP after expiry of 365 days from the date of allotment-Nil

This Scheme is suitable for investors who are seeking*:

  • Long Term Capital Growth.
  • Investment in Tata Nifty India Digital Exchange Traded Fund.

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Risk-O-Meter assigned during the New Fund Offer is based on internal assessment and shall be evaluated on a monthly basis. It may vary post NFO based on the actual portfolio of the scheme

Scheme Risk-O-Meter

Risk O Meter of Nifty India Digital Index

To read disclaimer specific to Fund of Fund, click here
https://tataasset.com/FileStore/marketing/Disclaimer specific to Fund of Fund scheme.pdf

Corporate Office Address:

Tata Asset Management Private Limited, 19th floor, Parinee Crescenzo, ‘G’ Block, Bandra Kurla Complex, Opposite MCA Club, Bandra (E), Mumbai – 400051

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