3 ETFs & Index Funds With Over 12% Net Asset Investments In Tata Motors

Building an equity portfolio with mutual funds is a great way to achieve long-term objectives. Mutual funds come in a variety of categories and offer various levels of equity market exposure, one of the various MF categories is thematic/sectoral funds. These schemes invest in stocks of various businesses based on a theme or industry., for example, automobile.

Considering this, we have listed here 3 Funds, particularly ETFs and Index funds, that have over 12% net asset investments in Tata Motors, a leading Automobile Company of Tata Group. Tata Motors has performed well in the past 3 years, given 433.7% positive strong returns.

ICICI Prudential Nifty Auto Index Fund - Direct Plan

This is an Index Fund from the house of ICICI Prudential Mutual Fund, launched on 11 October 2022. It is an open-ended highly risky index fund. The fund has 99.98% investments in Equity i.e. in the Automobile sector. While the remaining 0.02% is in Cash & Cash Equivalent instruments. The fund has 12.59% net asset investments in Tata Motors, while other top holdings include Mahindra & Mahindra (20.27%), Maruti Suzuki India (19.11%), and Eicher Motors (7.23%). To begin investment in this fund, a minimum of Rs 1000 is required, whereas, for SIP, the minimum amount required is Rs 1,000.

ICICI Prudential Nifty Auto ETF - Regular Plan

ICICI Prudential Nifty Auto ETF is another fund from the house of ICICI Prudential Mutual Fund, however, it is an Exchange-Traded Fund (ETF). It was launched on 12 January 2022. As of 28 February 2023, it has Rs 93 crore assets under management. The fund has 99.99% investments in equities and 0.01% in cash and cash equivalent. The fund has 12.57% holdings in Tata Motors. Other top holdings are Mahindra & Mahindra (20.25%), Maruti Suzuki India (19.10%), Eicher Motors (7.22%) and Bajaj Auto (6.90%). You can start investing in the fund with a minimum required amount of Rs 1000. As on 29 February 2023, its expense is 0.20%.

Nippon India Nifty Auto ETF - Regular Plan

It is also an ETF from the house of Nippon India Mutual Fund. It has 99.72% of assets allocated in equity and 0.28% in cash and cash equivalent. This fund was also launched last year on 20 January 2022. It is a very high-risk ETF with Rs 49 crore assets under management as on 28 March 2023. The fund's top 5 holdings are Mahindra & Mahindra (20.19%), Maruti Suzuki India (19.04%), Eicher Motors (7.20%) Tata Motors (12.53%), and Bajaj Auto (6.88%). The fund requires a minimum of Rs 1000 to begin investing. As on 29 February 2023, its expense is 0.20%.

Returns

Fund name	YTD	1 Months	3 Months	6 Months	1 Year
ICICI Pru Nifty Auto Index Dir	-3.77	-7.64	-4.41	NA	NA
ICICI Pru Nifty Auto ETF	-3.7	-7.64	-4.34	-8.2	17.1
Nippon India Nifty Auto ETF	-3.7	-7.62	-4.34	-8.18	17.08

Source - ValueResearch

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.