Tata Asset Management is a leading investment manager in India. It manages investments of Tata Mutual Fund. It is coming up with another new fund offer named as Tata Focused Equity Fund. The NFO opens for subscription on 15th November. It is an open-ended equity scheme investing in a maximum of 30 stocks across the market. It seeks to invest in equity and equity-related instruments in a concentrated portfolio of a maximum of 30 stocks across market capitalization. The NFO will close for subscription on 29th November 2019.
Basic Details of Tata Focused Equity Fund
|Fund Name||Tata Focused Equity Fund|
|Mutual Fund Name||Tata Mutual Fund|
|NFO Period||Nov 15, 2019 – Nov 29, 2019|
|Fund Type||An Open-Ended Equity Scheme|
|Benchmark||S&P BSE 200 TRI|
Issue of units of Tata focused fund at face value of Rs 10 per unit. The scheme is available in direct and regular plans along with growth and dividend options.
The primary object of the scheme is to generate long term capital appreciation by investing in equity and equity-related instruments of a maximum of 30 stocks across market caps.
Minimum Investment Under Each Plan
One will need to invest a minimum of Rs 5000 and in multiples of Re 1 thereafter following growth and dividend payout.
Interested investors should invest a minimum of Rs 1000 and in multiples of Re 1 thereafter for additional purchase.
Moreover, the minimum redemption amount will be Rs 500 or 50 units.
Entry and Exit Charges
Entry load does not offer to investors in this scheme. But, investors should pay ‘1%’ as an exit load if the fund units are redeemed before one year.
Asset Allocation Pattern
|Instruments||Indicative Allocations ( % of net assets ) Minimum- Maximum||Risk Profile High/Low/Medium|
|Equity and equity-related instruments||65%||100%||Medium to High|
|Debt and Money Market Instruments||0%||35%||Low to Medium|
|Units issued by REITs & InvITs#||0%||10%||Medium to High|
The upcoming Tata Mutual Fund NFO is suitable for investors who are seeking long term capital appreciation. The performance of Tata’s new fund offer will be a benchmark to S&P BSE 250 TRI.
Disclaimer: This post is just about the scheme information. It does not offer any advice or investment tips to investors. MF investments are set to market risk. Please consult your financial adviser before invest.