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.

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.