Tata Asset Management launches first index fund based on BSE Select Business Groups Index to invest in India’s future
Tata Asset Management launches first index fund based on BSE Select Business Groups Index to invest in India’s future November, 2024: Tata Asset Management today announced the launch of the Tata BSE Business Group Index Fund, a new investment opportunity designed to provide investors with exposure to India's leading conglomerates. The fund opened for subscription on November 25, 2024, and closes on December 9, 2024. The Tata BSE Select Business Group Index Fund tracks the BSE Select Business Groups index, comprising companies from seven of India’s largest business groups. These conglomerates span 19 diverse industries, reflecting central themes of India’s economic growth. The fund will include 30 companies from key sectors driving India's future growth, with the financial services sector excluded to focus on other industries. The seven business groups included in the fund are Tata Group, Reliance Industries, Adani Group, Aditya Birla Group, L&T, Jindal Group, and M...