Tata Asset Management launches India’s first ‘Tourism Index Mutual Fund’.

Tata AMC launched India’s first tourism index fund on July 8, 2024. The Tata Nifty India Tourism Index Fund tracks the Nifty India Tourism Index. Opened for public subscription with a minimum investment of ₹5,000 during NFO. Provides exposure to fast-growing companies in

tourism, travel, and hospitality sectors. Focuses on sectors like hotels and resorts (32%), airlines (19%), and restaurants (19%). Objective is to replicate the performance of the Nifty India Tourism Index (TRI). Currently consists of 17 stocks; InterGlobe Aviation holds the highest weighting at 20.31%.