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Tata Mutual Fund launches India’s first tourism thematic fund; should you invest?

Money Control · 10m

Tata Asset Management has launched the Tata Nifty India Tourism Index Fund, India's first domestic fund focused on the tourism theme. The open-ended passive scheme aims to replicate the performance of the Nifty India Tourism Index and will invest in the entire value chain of the tourism sector. The fund comprises 17 stocks including InterGlobe Aviation, Indian Hotels, Indian Railway Catering And Tourism Corporation, GMR Airports Infrastructure, and Jubilant Foodworks. India's growing middle class and significant investment in infrastructure are driving the surge in travel and tourism expenditure, making it an attractive investment opportunity. The fund will close on July 19.