Future is Digital

Digital disruptions across sector doubled with the massive technology adoption to drive growth of the Digital India

India’s digital economy is estimated to touch $800 billion by 2030*

Growth of digital economy with the rapid adoption of e-commerce and digital payments in small towns of India brought about by the pandemic

Indian start-ups had raised more than $32 billion in 2021 alone. There could be more than 100 unicorns in India by the end of 2022*

The impact of digitisation is resulting in transformation across sectors and business functions

Ancillary digital asset-related businesses are likely to drive most of India’s $1.1 trillion in total economic growth in the next 11 years#

Large-scale rapid expansion of mobile & internet networks to bridge the digital divide and make India one of the top digital markets globally.

*Internet & Mobile Association of India (IAMAI) | # US India Strategic and Partnership Forum (USISPF) and Crosstower| # US India Strategic and Partnership Forum (USISPF) and Redseer| ^McKinsey Global Institute Digital India Report

The Investment Universe

Tata Nifty India Digital Exchange Traded Fund will replicate the constituent of the Nifty India Digital Index (TRI).

The Index is designed to reflect the behavior and performance of the emerging technology and internet companies in the Digital space.

The index will comprise of 30 stocks.

How does Nifty India Digital Index work?

The universe
Companies part of basic industries and defined to focus on digital technology that could be categorised into the digital change agents or enabler from the Nifty 500 index
Stock Selection
Index selects Top 30 companies based on market cap belonging to the pre-defined set of basic industries
Use of AI & ML
Index may use Artificial Intelligence (AI)/Machine Learning (ML) driven tools to identify companies within the universe
Capping
Weight of index constituents are capped and reviewed on a quarterly basis: Sector weights are capped at 50% Stock weights are capped at 7.50%
Reablancing & IPOs
The index rebalances quarterly. Reconstitution is done semi annually IPO inclusion is considered based post a listing period of 1-3 months
The universe
Stock Selection
Use of AI & ML
Capping
Reablancing & IPOs
Companies part of basic industries and defined to focus on digital technology that could be categorised into the digital change agents or enabler from the Nifty 500 index
Index selects Top 30 companies based on market cap belonging to the pre-defined set of basic industries
Index may use Artificial Intelligence (AI)/Machine Learning (ML) driven tools to identify companies within the universe
Weight of index constituents are capped and reviewed on a quarterly basis: Sector weights are capped at 50% Stock weights are capped at 7.50%
The index rebalances quarterly. Reconstitution is done semi annually IPO inclusion is considered based post a listing period of 1-3 months
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Why this fund?

1. Benefit from the growth of the Indian digital ecosystem as it unfolds over the next 5 -10 years period

2. A unique and a niche offering within digital space investing in top 30 companies categorised under digital change agents and enablers

3. Focus on risk management with sector and stock capping with periodic rebalancing and reconstitution of the index

4. Being a passively managed fund, you can invest in top Indian digital companies without any human biases

5. Invest at a relatively lower cost.

Who should invest?

Suitable for investors

Believing in the growth of digital sector

Looking for an economical way to invest in an Exchange Traded Fund

Seeking wealth creation opportunity in the long run

With an investment horizon of 5 years or more

Scheme Details

Scheme Name TATA NIFTY INDIA DIGITAL EXCHANGE TRADED FUND
Investment Objective The investment objective of the scheme is to provide returns that corresponds to the total returns of the securities as represented by the Nifty India Digital Index, subject to tracking error. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved
Type of Scheme An Open-Ended Exchange Traded Fund replicating / tracking Nifty India Digital Index
Fund Manager Meeta Shetty
Benchmark Nifty India Digital Index (TRI)
Min. Investment Amount Rs. 5,000/- and in multiple of Re.1/- thereafter
Load Structure
  • Entry load: N.A
  • Exit Load: Nil

This product is suitable for investors who are seeking*:

  • Long Term Capital Growth.
  • An exchange traded fund that aims to provide returns that correspond to the returns provided by Nifty India Digital Index, subject to tracking error.

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Risk-o-Meter assigned during the New Fund Offer is based on internal assessment and shall be evaluated on a monthly basis. It may vary post-NFO based on the actual portfolio of the scheme.

Scheme Risk-O-Meter

Risk O Meter of Nifty India Digital Index

Corporate Office Address:

Tata Asset Management Private Limited, 19th floor, Parinee Crescenzo, ‘G’ Block, Bandra Kurla Complex, Opposite MCA Club, Bandra (E), Mumbai – 400051

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