In today’s fast-evolving world, innovation is transforming how we live and work. From instant online transactions to telemedicine and electric vehicles, technology is becoming part of everyday life. India is at the heart of this innovation wave, making significant progress in industries that drive the economy forward. Tata Mutual Fund brings to you Tata India Innovation Fund that offers investors an opportunity to participate in this journey by investing in companies driving India’s transformation with groundbreaking ideas.
What is Tata India Innovation Fund?
Tata India Innovation Fund is an open-ended equity fund that aims to focus on companies leading their sectors through innovative business models, advanced technology, and transformative products. This fund aims to target areas critical to India’s growth, including digital infrastructure, healthcare, renewable energy, and financial services, offering a potential path for investors to align with India’s progress.
Why Invest in India’s Innovation Journey?
In under a decade, India has risen from 81st to 39th on the Global Innovation Index, highlighting our growing influence as an innovation leader.
India’s Innovation Journey at a Glance:
- 17x Growth in Patents: From 5,978 patents in 2014-15 to over 103,057 in 2023-24, showing India’s focus on creating intellectual property.
- 3rd Largest Academic Research Output: 1.3 million research papers published between 2017-2022, placing India among the global leaders in research.
Source: World Intellectual Property Organization | IP India | Times higher Education
These milestones reflect India’s shift to an innovation-driven economy, emphasizing the potential of adding future-focused innovators to your portfolio through an innovation mutual fund.
Types of innovation this mutual fund will invest in.
Building a Balanced Portfolio of Innovations
Tata India Innovation Fund aims to include two types of innovation:
- Incremental Innovation: Small, frequent improvements that make products better over time, like smartphone updates that improve battery life or new car safety features. These gradual changes enhance quality and functionality.
- Breakthrough Innovation: Big advancements that can redefine industries, like the invention of electric cars or mobile payment systems. These innovations may take more time and resources, but they have the potential to create entirely new opportunities.
Key Sectors of Innovation
Tata India Innovation Fund seeks to invests across sectors where innovation is reshaping industries, bringing new ideas and efficiency into everyday life:
- Healthcare: Telemedicine and affordable medicines are making healthcare more accessible.
- Financial Services: Digital payments, like UPI, make transactions fast and secure, transforming the way we handle money.
- Automotives: Electric vehicles (EVs) reduce pollution, offering eco-friendly transport options.
- IT & Software: Digital solutions, from cloud storage to online shopping, enhance connectivity and productivity.
- Pharma: Enhancing healthcare by improving existing drugs, such as reformulating pain relievers for better efficacy, and creating new delivery systems for various treatments, like targeted therapy for cancer and advanced ophthalmology solutions.
Who should invest in this innovation mutual fund?
Tata India Innovation Fund is designed for investors who:
- Want Access to Innovation-Driven Companies: Identifying innovative companies can be complex and time-consuming. This fund aims to make it easy by curating a selection of India’s innovators in one place.
- Seek Long-Term Growth Potential: Suitable for investors looking to build wealth over time, focusing on sectors driving India’s future.
- Wish to Align with India’s Growth Story: By investing in innovation-focused companies, you may align your portfolio with India’s transformation into a global leader in innovation.
Raise the Innovation Quotient of Your Portfolio. Invest in Tata India Innovation Fund and bring game-changing innovators to your portfolio.
NFO opens 11th November 2024 and NFO closes 25th November 2024
Scheme Details
| Scheme Name | Tata India Innovation Fund |
| Investment Objective | The investment objective of the scheme is 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. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns. |
| Type of Scheme | An open-ended equity scheme following innovation theme |
| Fund Manager | Meeta Shetty Kapil Malhotra (Overseas Exposure) |
| Benchmark | Nifty 500 |
| Min. Investment amount | Rs. 5,000/- and in multiple of Re.1/- thereafter |
This product is suitable for investors who are seeking*:
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them. |  |  |
(The above product labelling assigned during NFO is based on internal assessment of the scheme characteristics and the same may vary post NFO when the actual investments are made. The same shall be updated as per provision no. 17.4.1.i of SEBI Master Circular on Mutual Fund dated May 19, 2023, on Product labelling in mutual fund schemes on ongoing basis)
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.