|Tata Mutual Fund has launched a new fund named Tata Value Fund - Series 2, a close ended equity scheme following a value investment strategy. The tenure of the scheme is 1103 days from the date of allotment. The new issue will be open for subscription from 13 July 2018 to 27 July 2018.
The investment objective of the scheme is to provide capital appreciation over the tenure of the fund through a diversified equity portfolio following value investment strategy.
The scheme offers two options viz. growth option and dividend option (payout).
The scheme would invest 80% - 100% of assets in equity & equity related instruments with high risk profile and upto 20% of asset in cash, debt & money market instruments with low to medium risk profile.
Minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.
Entry load and exit load charge will be nil for the scheme.
Benchmark Index for the scheme is S&P BSE 200 Index TRI.
The fund manager of the scheme is Sonam Udasi.
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