Tata Mutual Fund launches growing economies infrastructure fund

PFW Bureau / Feb 22

Tata Mutual Fund has launched Tata Growing Economies Infrastructure Fund, an open ended equity scheme, with a two plan option for the investors.

The scheme aims at leveraging the performance of infrastructure and other infrastructure related sectors in the growing economies of the world and in India.  The objective of the scheme would be to invest primarily in equities of infrastructure companies overseas.

The New Fund Offer (NFO) has been priced at Rs 10 per unit (plus applicable load). It has been opened for initial subscription from February 18 and will close on March 19. The scheme will re-open for ongoing subscriptions not later than 30 days from the closure of the NFO.

Ved Prakash Chaturvedi, managing director, Tata Asset Management Company, said, “We believe there are many economies of scale that are experiencing enormous growth in infrastructure development just like India. By this fund we aim to capture this growth for our investor with added benefit of diversification.”

Scheme classification and investment objective:

Plan A: Investment objective of the scheme is to generate capital appreciation or income by investing predominantly in equities of companies in infrastructure and other related sectors in the growing economies of the world and in India. The investment focus would be guided by the growth potential and other economic factors of the countries. Atleast 51% of the net assets would be invested in geographies outside India.

Plan B: Investment objective of the scheme is to generate capital appreciation or income by investing predominantly in equities of companies in infrastructure and other related sectors in India and other growing economies of the world. The investment focus would be guided by the growth potential and other economic factors of the countries. This plan would have higher exposure to international equities and help investor diversify.