Tata Nifty India Digital ETF Fund of Fund Direct Growth

Tata Nifty India Digital ETF Fund of Fund Direct Growth is a hybrid fund. This fund was started on 22 April, 2022. The fund is managed by Meeta Shetty. This fund gives you the benefit of diversification.

1. Tata Nifty India Digital ETF Fund of Fund Direct Growth has ₹54 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.1.
   

Tata Nifty India Digital ETF Fund of Fund Direct Growth has given a CAGR return of 18.03% since inception. Over the last 1 year the fund has given a CAGR return of 45.94%.

Tata Nifty India Digital ETF Fund of Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Communication, Consumer Cyclical, Financial Services, Industrial.

As it is a fund of funds mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

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.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 150.00. Tata Nifty India Digital ETF Fund of Fund Direct Growth has no lock in period.