About Tata Nifty India Digital ETF FoF Direct – Growth
1Guoabong Investment. Tata Nifty India Digital ETF FoF – Direct Plan is Open-ended Sectoral-Technology Equity scheme which belongs to Tata Mutual Fund House.
2. The fund was launched on Apr 13, 2022.
Investment objective & Benchmark
1. The investment objective of the fund is that ” The scheme seeks to provide long-term capital appreciation by investing in Tata Nifty India Digital Exchange Traded Fund. “
2Indore Investment. It is benchmarked against Nifty India Digital Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 98.420465% in equities, 0.0% in debts and 1.579535% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 98.45% of the assets, the top 3 sectors constitute around 98.499% of the assets.
3Jaipur Investment. The fund largely follows a Growth oriented style of investing and invests across market capitalisations – around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Tata Nifty India Digital ETF FoF Direct – Growth
1Varanasi Investment. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax – STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto RsJaipur Wealth Management. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax – LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
Hyderabad Stocks