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1. Which company launched the Nifty India Tourism Index Fund?
Tata Asset Management has introduced India's first tourism index fund, which tracks the Nifty Tourism Index comprising prominent companies from the Nifty 500. This innovative fund aims to capitalize on the growth potential of India's burgeoning tourism sector, expected to reach $406 billion by 2030. Targeting high-growth firms in travel, tourism, and hospitality, Tata's initiative seeks to provide investors with opportunities aligned with the expanding infrastructure and technological advancements in the tourism industry.