Tata Nifty India Digital Exchange Traded Fund was launched by Tata MF, an open-ended exchange-traded fund (ETF) replicating/tracking Nifty India Digital Index.

The NFO opened for subscription today and will close on 25 March. The scheme has no entry or exit load. The minimum subscription amount is Rs 5,000 and in multiples of Rs 1.

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The scheme’s performance will be benchmarked against Nifty India Digital Index, and Meeta Shetty will manage the fund. On allotment, value of each unit will be approximately 1/100th of underlying index, as per the fund house.