Listen to this article
Tata MF has launched Tata Nifty Midcap 150 Index Fund, an open ended index fund tracking the performance of Nifty Midcap 150 Index.
In a press release, Anand Vardharajan, Chief Business Officer, Tata AMC, said, “Midcaps represent India’s growth frontier. Through the Tata Nifty Midcap 150 Index Fund, investors can get access to potential growth sectors and companies that are integral to India’s next phase of economic expansion. The fund is suitable for long-term investors seeking a blend of growth and diversification, backed by discipline of passive investing.”
The Nifty Midcap 150 index comprises companies across 20 sectors offering exposure to chemicals, oil, gas & consumable fuels, capital goods, automobiles & auto components, realty, financial services, information technology, etc.
Over the past five years, 17 companies from the midcap segment have transitioned into large caps, illustrating the segment’s capacity to aim for wealth creation, said the company.
