| Launch date | 11 Nov 2024 |
| Allotment date | 28 Nov 2024 |
| End date | 25 Nov 2024 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.56%
Inclusive of GST
Exit load
Exit load of 0.50%, if redeemed within 30 days.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹100 |
Fund management
Meeta ShettyNov 2024 - PresentView details
Hasmukh VishariyaMar 2025 - PresentView details
Fund house & investment objective
| Rank (total assets) | #14 in India |
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| Total AUM | ₹2,23,665.36Cr |
| Date of Incorporation | 30 Jun 1995 |
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Tata India Innovation Fund Direct Growth is a Equity Mutual Fund Scheme launched by Tata Mutual Fund. This scheme was made available to investors on 30 Jun 1995. Meeta Shetty is the Current Fund Manager of Tata India Innovation Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,23,665 Cr and the Latest NAV as of 01 Jan 2026 is ₹10.08. The Tata India Innovation Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹5,000. Exit load of 0.50%, if redeemed within 30 days. ;
Investment Objective
The scheme seeks to provide investors with opportunities for long term capital appreciation by investing in equity and equity related instruments of companies that seeks to benefit from adoption of innovative strategies & theme. ;
| Fund benchmark | NIFTY 500 Total Return Index |
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