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 and opened for public subscription during its NFO with a minimum investment of ₹5,000.

This fund provides exposure to fast-growing companies in the tourism, travel, and hospitality sectors. It focuses on sectors such as:

• Hotels and Resorts (32%)
• Airlines (19%)
• Restaurants (19%)

The objective is to replicate the performance of the Nifty India Tourism Index (TRI). The index currently consists of 17 stocks, with InterGlobe Aviation holding the highest weighting at 20.31%.