Mumbai | Tata Asset Management has introduced the Tata India Innovation Fund, aimed at providing investors with long-term capital growth by targeting companies harnessing innovative strategies across various sectors. The New Fund Offer (NFO) opens on November 11, 2024.

The fund seeks to invest in companies advancing transformative technologies like AI, machine learning, and digital transformation, spanning fields from financial services to healthcare. This approach aligns with India's rising global innovation rank, supported by initiatives like “Vocal for Local” and robust R&D investments.

Anand Vardarajan, Chief Business Officer, highlighted that the fund will focus on firms demonstrating both resilience and profitability through breakthrough and incremental innovations.