Tata India Innovation Fund NFO – Launch Date, NAV, and Key Details

Enhance Your Portfolio with the Tata India Innovation Fund – Key NFO Details

Tata Mutual Fund introduces a unique investment avenue with the launch of the Tata Innovation Fund, a New Fund Offer (NFO) tailored for forward-thinking investors. This fund aims to capture growth by focusing on sectors and companies at the forefront of technological advancements and innovative practices. As a diversified, actively managed fund, it seeks to provide exposure to businesses driving change, covering fields like digital transformation, green energy, and next-gen manufacturing, quick commerce, advance medical treatments, generative AI and many more.

Tata Innovation Fund NFO Details

-NFO Name- Tata India Innovation Fund

-NFO Date- 11th November, 2024 to 25th November, 2024

-Fund Manager- Meeta Shetty & Kapil Malhotra

-Benchmark- Nifty 500

-Type Of Scheme- An open-ended equity scheme following innovation theme.

Tata Innovation Fund Objective

The objective of the Tata Innovation Fund is to offer investors capital appreciation prospects in the long-term through investment in stock and equity-related business instruments that seek to gain benefit from the adoption of innovative strategies. That said, there is no guarantee or assurance that the investment objective of the scheme will be achieved.

Tata India Innovation Fund Strategy

The Tata Innovation Fund takes a strategic approach to benefit from innovation-driven growth across industries. Here are the details:

• Types of Innovation: This fund invests in businesses that are poised to make significant strides through breakthrough innovation and those that are enhancing their processes and offerings continuously to drive profitability
• Focus on Investing in the Future: The fund aims to create a bottom-up portfolio that emphasises both small and large-scale advancements.

Guiding Principle of the Fund: The fund’s philosophy is Stocks Growth at a Reasonable Price (GARP), which aims for businesses that display a strong growth potential at a reasonable price.

Innovation is everywhere

Innovation is a driving force that permeates every aspect of our lives. From the technology we use daily to the advancements in healthcare and sustainability, innovation is constantly shaping our world. Innovation is crucial for companies to profit, survive, and build a competitive edge. By developing new products, improving processes, and adopting cutting-edge technologies, companies can meet evolving market demands and stay ahead of competitors. This continuous innovation helps drive revenue growth and operational efficiency, potentially ensuring long-term sustainability. Companies and individuals alike are continuously pushing boundaries, developing new products, and improving processes to meet evolving needs.

Transformation Across Sectors

Innovation has revolutionized every sector, driving unprecedented progress and efficiency. Each company, by continuously innovating, contributes to the transformation of its entire sector. These innovations ensure that industries evolve, adapt, and thrive, meeting the ever-changing demands of consumers and addressing global challenges.

Investing Approach in Innovation

Tata India Innovation Fund aims to create a bottom-up portfolio of innovation led companies. The fund shall invest in companies focused on Incremental or Breakthrough innovation. The fund shall seek investment opportunities across market caps and sectors.

Incremental Innovation- Small, continuous improvements to existing products, services, or processes.

Example of Investment in Incremental Innovations:

Introduction of innovative existing products like Instant Save, Instant OD, and Instant Loans from normal saving and loan account.

Breakthrough Innovation- Significant, game-changing advancements that create new markets or drastically alter existing ones.

Example of Investment in Breakthrough Innovations:

Implementation of Generative AI across operations, service, and contact centres.

Stock Selection Approach in Tata Innovation Fund:

-Incremental or Breakthrough Innovators Companies

-Potential for Growth Companies

-Companies on basis right Valuation

-Inclusion in Portfolio

Investing in the Tata Innovation Fund aligns with India’s growth story, tapping into industries anticipated to lead the economy in the years ahead. For investors looking to balance growth potential with strategic diversification, this fund is designed to deliver long-term gains through exposure to innovative companies. Investing in innovative companies may be beneficial for investors, as these companies are often poised for significant growth and market leadership.

The Tata Innovation Fund’s disciplined approach and expert management make it a promising addition to a forward-looking portfolio. If you're interested in participating in India’s innovation wave, this NFO could be a valuable opportunity to start early.

Click here to explore this biggest Innovation fund on Moneyfy by Tata Capital.

FAQs on Tata India Innovation Fund NFO

How to Invest in Tata India Innovation Fund Direct Growth?

To invest in Tata India Innovation Fund Direct Growth, open an account with Tata Capital Moneyfy. All you have to do is click on the ‘Register/Login’ option at the top right corner of the screen, follow the instructions mentioned on the screen, and voila! You’re ready to invest in the fund!

What kind of returns does Tata India Innovation Fund Direct Growth provide?

Tata India Innovation Fund Direct Growth aims to deliver long-term capital growth by investing in innovative businesses across sectors. While returns are market-linked and not guaranteed, the fund targets strong growth potential over time.

How much expense ratio is charged by Tata India Innovation Fund Direct Growth?

The expense ratio for Tata India Innovation Fund Direct Growth varies and is subject to change. For the latest and most accurate details, refer to the fund's official factsheet or consult Tata Capital Moneyfy.

What is the AUM of Tata India Innovation Fund Direct Growth?

The Assets Under Management (AUM) of Tata India Innovation Fund Direct Growth varies over time based on market conditions. For the latest AUM details, refer to the official Tata Mutual Fund website or consult Tata Capital Moneyfy.

How to Redeem Tata India Innovation Fund Direct Growth?

To redeem the Tata India Innovation Fund Direct Growth, log in to your mutual fund account or investment platform, select the fund, choose the number of units to redeem, and confirm the transaction.

Can I invest in SIP and Lump Sum of Tata India Innovation Fund Direct Growth?

Yes, you can invest in the Tata India Innovation Fund Direct Growth through both SIP (Systematic Investment Plan) and lump sum options, allowing you the flexibility to suit your financial goals and investment strategy.

What is the NAV of Tata India Innovation Fund Direct Growth?

The NAV (Net Asset Value) of Tata India Innovation Fund Direct Growth changes daily based on market performance. To know the latest NAV, please visit the fund's official website or consultTata Capital Moneyfy.

What is the PE and PB ratio of Tata India Innovation Fund Direct Growth?

The PE (Price-to-Earnings) and PB (Price-to-Book) ratios of the Tata India Innovation Fund Direct Growth vary over time based on market conditions and portfolio changes. For the latest values, refer to the fund's fact sheet or website.