Tata MF launches Tata Indo-Global Infrastructure Fund
04 Sep 2007
Mumbai:
Tata Mutual Fund has launched a close-ended equity scheme,
Tata Indo-Global Infrastructure Fund.
The scheme has a maturity of three years when it will automatically be converted into an open-ended scheme, a release said.
The new fund offer (NFO), priced at Rs10 per unit, which opened for subscription on September 3 will close on 16 October.
The
scheme expects to generate long-term capital appreciation
by investing predominantly in equity and equity-related
instruments of companies engaged in infrastructure and
related sectors.
The fund will invest 65-85 per cent in equity and equity-related instruments of domestic companies, 15-35 per cent in foreign securities as permitted by SEBI and RBI and up to 35 per cent in debt and money market instruments.
"With
the launch of Tata Indo-Global Infrastructure Fund, we
have endeavoured to provide investors an opportunity to
earn stable returns by investing in infrastructure assets
across diversified geographic regions," Tata Asset
Management Limited managing director Ved Prakash Chaturvedi
said.