The Tata Nifty Next 50 Index Fund seeks to replicate the Nifty Next 50 Index.

The fund aims to replicate the Nifty Next 50 Index. The Index methodology is as follows:
 

• Eligible universe for the index entails Top 100 companies based on full market cap from Nifty 500
• Selection is basis exclusion of the top 50 Large cap based on free-float Market cap from Nifty 100. Other considerations: Impact Cost, and Derivatives contracts availability. The balance of 50 stocks constitute Nifty Next 50 Index.
• Market weights are realigned, and Index updated quarterly basis last trading day of March, June, September and December by taking into account closing prices as on T-3 basis. Other considerations: Non-F&O stocks capped at 10% in the index and Non-F&O stocks in the index are individually capped at 4.5% on quarterly rebalance dates.

0.25% of the applicable NAV, if redeemed on or before 15 days from the date of allotment.