Tata Asset Management launches India's 1st multi-cap consumption index fund

• Tata Asset Management launched India's first multi-cap consumption index fund, the Tata BSE Multicap Consumption 50:30:20 Index Fund.
• The fund offers diversified exposure to large-, mid-, and small-cap consumption stocks, replicating the BSE Multicap Consumption 50:30:20 Index.
• Its structure allocates 50% to large-cap, 30% to mid-cap, and 20% to small-cap stocks, aiming for stability and growth.
• The New Fund Offer (NFO) for the scheme will be open from December 9 to December 23.
• It targets India's evolving consumption trends, including sectors like digital entertainment, travel, and internet retail, with a minimum investment of ₹5,000.

Why It Matters: This fund offers India's first diversified exposure to consumption growth.