Tata Asset Management has unveiled India’s first multicap consumption index fund, targeting diversified exposure across consumer discretionary and FMCG companies spanning large, mid and small market capitalisations.
Unlike conventional consumption indices that are often dominated by large-cap stocks, the Tata BSE Multicap Consumption 50:30:20 Index Fund ensures meaningful exposure to mid- and small-cap companies, which together account for 50% of the portfolio.
The fund’s underlying index selects stocks from the BSE 500 universe using capped float-adjusted market-cap weighting. It also aims to capture emerging consumption sectors such as auto ancillaries, digital entertainment, tour and travel services, and internet retail, which are typically underrepresented in traditional indices.
The minimum investment during the NFO period is ₹5,000, with no entry load. An exit load of 0.25% is applicable if units are redeemed within 15 days of allotment.
