Tata Mutual Fund changes fund manager for eight schemes

economictimes.indiatimes.com:

Tata Mutual Fund has announced a change in fund managers for its eight passive funds through a notice-cum-addendum.

The fund house informed its unitholders that the fund manager of its index funds and ETFs will be changed.
The changes will be effective from April 26.

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* Lead fund manager | Source: Tata Mutual Fund

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The fund house mentioned that the above revision will be implemented prospectively and shall remain in force till further notice. This addendum will form an integral part of the SAI, SID/KIM cum application form.
All other terms and conditions along with the risk-o-meter of schemes, PRC Matrix of the SID & KIM cum application form and SAI read with other addendums if any remain unchanged.

Among these eight schemes, Tata Nifty 50 Index Fund and Tata S&P BSE Sensex Index Fund are the oldest funds. The schemes were launched in February 2003 and manage assets of Rs 676 crore and Rs 326 crore respectively.

Tata Gold Exchange Traded Fund and Tata Silver Exchange Traded Fund are relatively new schemes. Both schemes were launched in January 2024. The schemes have an asset size of Rs 75.93 crore and Rs 41.44 crore respectively.
From the above-mentioned schemes, Tata Nifty Private Bank ETF has the lowest asset size of Rs 8.33 crore as on March 31, 2024.

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