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Tata Mutual Fund has launched the Tata BSE Select Business Group Index Fund, which tracks the BSE Select Business Groups Index. This fund features 30 companies from seven of India's largest business groups across 19 industries, deliberately excluding the financial services sector to emphasize other growth-driving industries.
Investors in Asia are increasingly betting on stocks poised to benefit from Donald Trump’s potential return to the White House. Shares of Korean shipbuilders, Indian electronics manufacturers, Australian steel suppliers, and Vietnamese industrial parks have surged, driven by expectations of stricter global trade policies that could reshape supply chains and favor agile companies.
Trent, the Tata group’s retail arm, is set to report a significant revenue growth of 51% to Rs 4,365 crore for Q2, with net profit expected to rise 53.2% to Rs 444 crore compared to the same quarter last year. Analysts predict a sharp increase in both metrics, with net profit estimates ranging from a 37% to a 73% rise year-on-year.
Investing in top Indian business groups can provide steady, lower-risk growth or income, as these established companies have a proven track record. Currently, direct stock purchases are the primary method, but Tata Mutual Fund is seeking approval to launch a BSE Select Business Groups Index Fund, which will track the performance of the top 30 companies from seven major business groups in India. The fund will select stocks based on free-float market capitalization from the BSE 500 index.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
tata mf introduces fund tracking bse select business groups index
09:38 28.11.2024
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