Tata Index Nifty Direct is a Others Mutual Fund Scheme launched by Tata Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Sonam Udasi is the Current Fund Manager of Tata Index Nifty Direct.The fund currently has an Asset Under Management(AUM) of ₹19 Cr and the Latest NAV as of 14 Oct 2019 is ₹72.86.
The Tata Index Nifty Direct is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 7 days.
Investment Objective
To provide return that closely correspond to the return of stocks as represented by the S & P CNX Nifty Index subject to tracking error.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment
Exit load of 0.25% if redeemed within 7 days
Exit Load