172@29@17@249!~!172@29@0@53!~!|news|business|mutual-funds|tata-mf-announces-5-nfos-under-ownpieceindia-theme-1480277.html!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false
Moneycontrol
Uncover the potential of active and passive investing on 6th October at 4pm. Register Now!
Last Updated : Dec 09, 2015 06:18 PM IST | Source: Moneycontrol.com

Tata MF announces 5 NFO's under Own a Piece of India Theme

Tata Mutual Fund announces five new fund offerings and 1 current scheme under Own a Piece of India theme, whereby investors have the choice to participate in India's growth with a single investment across the schemes.


Tata Mutual Fund announces five new offerings and one existing fund under a unique theme of Own a Piece of India™ whereby investors have the choice to participate in India's growth with a single investment across the schemes. The new family of funds include Tata Banking and Financial Services Fund, Tata India Consumer Fund, Tata Digital India Fund, Tata India Pharma & Healthcare Fund, Tata Resources & Energy Fund and the existing fund is Tata Infrastructure Fund.


The Tata Banking and Financial Services Fund recognises the large under-penetration of financial services in consumer debt, housing finance, retail lending and life insurance and the consequential investment opportunity. The Indian consumer story needs no introduction and will emerge as one of the largest consumer markets in the world paving the way for India's economic dominance, which the investor will experience through participation in Tata India Consumer Fund. The Government's initiative of 'Digital India' programme and India's global leadership in the IT outsourcing arena presents investment opportunities through Tata Digital India Fund. The growing population and consumer income will continue to increase demand for healthcare. Tata Pharma & Healthcare Fund presents investors an opportunity to invest in the increasing demand for healthcare services globally and in India. India's economic growth will place enormous demand on its energy and natural resources; to tap this, Tata Mutual Fund presents Tata Resources & Energy Fund. Lastly, Tata Infrastructure Fund, an existing open-ended equity scheme, completes the offering with the unique opportunity to play across the value chain of suppliers, contractors, asset owners and financiers.


Own a Piece of India is a simple and smart way for investors to take customized preferences in equity by combining exposure to different segments with 'One Application – One Cheque'. Additionally a multiple fund manager approach is adopted with this new offering wherein each fund will have a 'lead fund manager' and supported also by one or more fund managers in the portfolio management process.

Close

R Ganesh, CEO and MD, Tata Asset Management said, "Now every investor who hears of India's future growth and success can also participate with ease with one investment. We are also presenting multiple fund managers in our investment Management process by assembling a diverse team of our Fund managers to pursue the best investment opportunities in Indian markets."


The new fund offer opened for subscription on December 4 and will close on December 18, 2015. Benchmarked against respective indices, the funds offers both growth and dividend options. The minimum allocation in each fund as per minimum investment amount is Rs. 5000/-.


About the Schemes


Tata Banking and Financial Services Fund


An Open Ended Banking & Financial Services Sector Scheme


The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in the Banking and Financial Services sector in India.


Lead Fund Manager - Pradeep Gokhale; Co-Fund Managers - Atul Bhole & Rupesh Patel


Tata India Consumer


An Open Ended Consumption Oriented Sectors Scheme


The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in the Consumption Oriented sectors in India.


Lead Fund Manager - Atul Bhole; Co-Fund Managers - Pradeep Gokhale & Rupesh Patel


Tata Digital India Fund


An Open Ended Information Technology Sector Scheme


The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in Information Technology Sector in India.


Lead Fund Manager - Pradeep Gokhale; Co-Fund Managers - Atul Bhole & Rupesh Patel


Tata India Pharma & Healthcare Fund


An Open Ended Pharma and Healthcare Services Sector Scheme


The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in the pharma and healthcare sectors in India


Lead Fund Manager - Rupesh Patel; Co-Fund Managers - Pradeep Gokhale & Atul Bhole


Tata Resources & Energy Fund

An Open Ended Resources and Energy Sectors Scheme


The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in the Resources and Energy sectors in India

Lead Fund Manager - Rupesh Patel; Co-Fund Managers - Pradeep Gokhale & Atul Bhole

First Published on Dec 9, 2015 06:18 pm
Sections