Tata NFO Unveils India’s First Tourism Index Fund for Thriving Travel Markets

Tata Asset Management launches India's first tourism index fund, the Tata Nifty India Tourism Index Fund, tracking the Nifty India Tourism Index. Open from July 8-19, 2024, it targets India's booming travel and tourism sector.
Tata NFO Unveils India's First Tourism Index Fund for Thriving Travel Markets

Tata Asset Management has introduced India’s first tourism index fund, the Tata Nifty India Tourism Index Fund. This new fund offer (NFO) is set to track the Nifty India Tourism Index (TRI), open for subscription from July 8 to 19, 2024.

The NFO offers a unique opportunity by investing in top-performing travel, tourism, and hospitality companies in India. These sectors are booming due to increased disposable income and evolving consumer preferences, providing attractive growth prospects.

Anand Vardarajan, Chief Business Officer at Tata Asset Management, emphasized the significant growth in domestic aviation, hotels, and restaurants. Improved infrastructure and accessibility have enhanced the appeal of investing in the tourism sector through this NFO.

Amidst India’s economic resilience, the NFO highlights the fund’s strategic focus on robust investments and consumption patterns. Advancements in technology and infrastructure investments are driving exponential growth in the travel and tourism industry.

Projections suggest that India’s travel and tourism expenditure will escalate from $140 billion in 2019 to $406 billion by 2030. This forecast underlines the vast potential for growth and investment opportunities available through this new fund offer.

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