Tata Mutual Fund has filed a draft document with Sebi for Tata Nifty Capital Markets Index Fund, an open-ended scheme replicating / tracking Nifty Capital Markets Index (TRI).

The investment objective of the scheme will be to provide returns, before expenses, commensurate with the performance of Nifty Capital Markets Index (TRI), subject to tracking error.

The scheme will be benchmarked against Nifty Capital Markets Index (TRI). The scheme will be managed by Kapil Menon.

The scheme will allocate 95-100% in securities covered by Nifty Capital Markets Index and 0-5% in debt / money market instruments including units of mutual funds.