Tata Digital India Fund: to reap the benefits of Namo's Digital India

Demonetisation has led to many things, both positive and negative, and has indeed challenged the status quo in Indian economy. The move to ban Rs 500 & Rs 1000 notes has forced India to think differently and is on the verge of pushing the whole nation towards digitisation.

With India being almost ready to embrace digitisation with adhar card being linked and integrated to the banking system there are several companies that may benefit from the digitisation drive in India.

Tata Digital India Fund is one fund that intends to invest in those companies that stand to gain from the digitisation trend, not only in India but across the globe.

The fund, recently launched i.e in the month of December 2015, can be looked at for investments if one is bullish on the IT sector, and is of the view that digitisation will help these select companies boost revenues and profitability.

The fund has primarily invested in stocks like Infosys, TCS, Tech Mahindra, HCL Technologies, Mphasis, Oracle Financials Sevices Ltd, Persistent Systems Ltd, Mindtree Ltd, Eclerx Services Ltd, NIIT technologies Ltd, Info Edge (India) Ltd, Hexaware Technologies Ltd, L&T Technologies Ltd and Majesco Ltd.

Over a one month period the fund has generated negative 0.4 per cent returns. In one week’s time the fund is up by almost four per cent. Over six months’ time frame the fund is down by almost 13 per cent.