On July 8, Tata Asset Management launches India's first tourism index mutual fund, Tata Nifty India Tourism Index Fund.

Tata Asset Management launches India's first tourism index mutual fund, Tata Nifty India Tourism Index Fund, on July 8. The fund tracks the Nifty India Tourism Index and aims to provide returns that match its performance, with exposure to India's fastest-growing companies in travel, tourism, and hospitality. The minimum investment amount is Rs 5,000, and the fund is suitable for long-term capital appreciation.