Tata Asset Management Launches Tata India Innovation Fund

Tata Asset Management has unveiled the Tata India Innovation Fund, targeting long-term growth by investing in companies at the forefront of innovation across sectors such as digital transformation, electric vehicles, and healthcare.

NFO Details

The NFO for the Tata India Innovation Fund opened on November 11, 2024, and will close for subscriptions on November 25, 2024. It is an open-ended equity strategy with an innovative premise. The NFO requires a minimum investment of Rs 5,000, with further investments being multiples of Rs 1. The fund has no entry load and charges an exit load of 1 per cent if redeemed within 90 days from the date of allotment. The scheme’s benchmark is the Nifty 500 index, and the fund is managed by Meeta Shetty and Kapil Malhotra.

The Tata India Innovation Fund aims to provide long-term capital appreciation by investing in companies that benefit from adopting innovative strategies and technologies. The fund seeks to take advantage of growth prospects brought about by breakthrough and incremental advances in industries such as digital transformation, electric vehicles, and healthcare, according to TATA Asset Management.

Anand Vardarajan, Chief Business Officer at Tata Asset Management, said: “Two things matter in investing: identifying a company which will be around for the next 10+ years and its ability to make money over the next decade. What gives them the right to win is innovation. Innovation gives a competitive advantage and the ability to stay ahead. India is at the forefront of digital, manufacturing, and services innovation leading to a great number of opportunities.”

Rahul Singh, Chief Investment Officer at Tata Asset Management, said: “India is witnessing transformative changes across sectors led by digitalisation in finance, health tech, automotive solutions, consumer tech, and beyond. By providing investors with an opportunity to participate in the success stories of businesses spearheading this innovation wave, the Tata India Innovation Fund seeks to capitalize on these changes.”

Who Should Invest?

Tata Asset Management claims this fund suits long-term investors looking to profit from India's emerging, innovative industries. It is designed for investors who are more willing to take on risk and wish to get exposure to industries including advanced healthcare, green mobility, and digital commerce.