Tata Digital India Fund: A Boon for IT Sector Focused InvestorsPosted by Dishika Baheti on August 13th, 2018 Tata Mutual Fund, one of the leading AMCs in India that has been managing and proving through its schemes, the power that it holds, to transform normal lives. This MF on the footsteps of Mr. J.R.D. Tata is following the belief that whatever is received from the people in the form of investments should go back to them several times over. Keeping it in mind, they launched Tata Digital India Fund on December 28th, 2015. Why Invest in Information Technology Sector Right now? What Is Tata Digital India Fund (G)? The one-year returns (51.63%) of this scheme have been outstanding as compared to its benchmark NIFTY IT TRI which is 39.56%, and category with returns of 40.36%, respectively as on August 07th, 2018. These returns have even surpassed drastically the returns provided by its competitors including Aditya Birla Sun Life Digital India Fund, Franklin India Technology Fund, ICICI Prudential Technology Fund, and SBI Technology Opportunities Fund. The returns yielded by these schemes have not even crossed 41% as one-year returns. This simply showcases the effort that Tata Digital India Fund has put in to yield such bountiful performance. Investment Details of Tata Digital India –Growth Plan Minimum Investment Amount - If you are investing in it for the very first time, then you will have to submit Rs. 5000. In case you are an existing investor, all you need to apply with is Rs. 1000. You may invest in this scheme through SIP mode as well. Entry and Exit Load Payable - You may invest in it without worrying about the entry load as there is no such amount chargeable. If you wish to avoid the exit load as well, then make sure that you don’t redeem the amount invested before completion of three months. If case you do so, 0.25% of NAV will be charged as exit load. Net Asset Value - Tata Digital India Fund NAV as on August 07th, 2018 was Rs. 14.7148. Net asset value is the per unit value according to which the units are allotted to the investors. For example, if you invest Rs. 5000, then this investment amount divided by NAV will generate the number of units for you. Before adding Tata Digital India Fund to your portfolio, do not forget to consult a financial advisor. Like it? Share it!More by this author |