Top investors seek more clarity as Tata Digital eyes $5 billion for super app (2024)

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Business NewsTechTop investors seek more clarity as Tata Digital eyes $5 billion for super app

    Top investors seek more clarity as Tata Digital eyes $5 billion for super app (3)

    Tata Digital President Mukesh Bansal (left) and Tata Sons Chairman Natarajan Chandrasekaran. (Illustration: Rahul Awasthi/ETtech)

    Synopsis

    Tata Digital is actively wooing investors as its holding company, Tata Sons, is understood to have indicated a limit on the funds it can disburse for the capital-intensive digital business.

    Mumbai: Bulge-bracket private equity funds, as well as sovereign and pension money managers, have sought greater clarity from Tata Digital about its proposed super app, top officials close to these funds said.A bunch of long-term investors, including Canada Pension Plan Investment Board (CPPIB), Singapore’s Temasek Holdings, SoftBank Group, Abu Dhabi Investment Authority and two European money managers, have been sounded out for a potential

    BY

    Kala Vijayraghavan & Indulal PM

    ET Bureau

    5 mins read

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    Top investors seek more clarity as Tata Digital eyes $5 billion for super app (4)

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    Top investors seek more clarity as Tata Digital eyes $5 billion for super app (2024)

    FAQs

    Is it worth to invest in Tata Digital India Fund? ›

    Return Outperformance: This fund has generated highest return amongst Sectoral-Technology funds in the last 5 Years. Return/Risk: For every unit of risk this fund takes, it produces 20% more returns. Expense Ratio: This fund has the lowest expense ratio amongst actively/passively managed Sectoral-Technology funds.

    What does Tata Digital do? ›

    The Tata group has a deep understanding of their needs by virtue of its presence across various products and services. Our goal at Tata Digital is to bring together this acumen and deep technology expertise to simplify lives and deliver enriched consumer experiences.

    Should I exit from Tata Digital Fund? ›

    We recommend that the reader who wrote to us exit the Tata Digital India fund and stay away from thematic funds. The reader did not choose the fund for the right reasons, and his journey with it is likley to be frustrating. We recommend that investors stay away from funds with a narrow investment mandate.

    Is Tata Digital India Fund safe? ›

    Yes, the Tata Digital India Fund direct growth is a low-risk fund.

    Who owns Tata Digital? ›

    Founded in March 2019, Tata Digital Private Limited is a wholly-owned subsidiary of Tata Sons Private Limited.

    How to invest in Tata Digital? ›

    Investment Details
    1. Min. Investment (₹) 5,000.
    2. Addl Investment (₹) 1,000.
    3. SIP Investment (₹) 100.
    4. Withdrawal (₹) 500.
    5. No of Cheques 6.
    6. Balance (₹) 500.
    7. Exit Load 0.25% for redemption Within 30 days.

    Which company is under Tata Digital? ›

    In addition to the Tata Neu digital platform, consumer brands such as Croma, as well as loyalty programmes of various brands and digital payment services such as Big Basket, Croma, IHCL, Starbucks, Westside, Vistara and Tata Cliq, are also under the TDPL brand.

    What is the 5 year return of Tata Digital India Fund? ›

    Returns (NAV as on 19th April, 2024)
    Period Invested for₹10000 Invested onCategory Avg
    1 Year19-Apr-2344.00%
    2 Year19-Apr-2221.95%
    3 Year19-Apr-2122.05%
    5 Year18-Apr-1918.78%
    6 more rows

    What is the return rate of Tata Digital India Fund? ›

    1. Current NAV: The Current Net Asset Value of the Tata Digital India Fund - Regular Plan as of Apr 15, 2024 is Rs 42.14 for Growth option of its Regular plan. 2. Returns: Its trailing returns over different time periods are: 34.86% (1yr), 16.8% (3yr), 23.24% (5yr) and 19.15% (since launch).

    Which digital India fund is best? ›

    Best IT Sector Mutual Funds to Invest in 2024
    Fund Name1Y CAGR 3Y CAGR 5Y CAGR Till Date CAGRTill Date CAGR
    Aditya Birla Sun Life Digital India Fund (G)15.2%11.8%
    Tata Digital India Fund (G)16.6%18.6%
    SBI Technology Opportunities Fund (G)15.6%19.5%
    Franklin India Technology Fund (G)16.8%19.2%
    1 more row

    Is it good to invest in Tata Mutual Fund? ›

    Fund Performance: The Tata India Consumer Fund has given 22.82% annualized returns in the past three years and 19.04% in the last 5 years. The Tata India Consumer Fund comes under the Equity category of Tata Mutual Funds.

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