Mutual Fund News : Tata Mutual Fund Launches Tata Housing Opportunities Fund

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Tata Mutual Fund has introduced a new scheme – Tata Housing Opportunities Fund

It is an open-ended equity scheme following housing theme.

Accordingly, the investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related instruments of entities engaged in and/or expected to benefit from the growth in housing theme. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.

Under normal circumstances, Tata Housing Opportunities Fund will hold an allocation of 80% to 100% of its assets in Equity and equity related instruments of entities engaged in activities of Housing theme, 0% to 20% in other Equity & Equity related Instruments including units of mutual fund, 0% to 20% in Debt and Money market instruments including units of mutual fund and 0% to 10% of its assets in Units issued by REITs & InvITs.

As per the Scheme Information Document, the fund would endeavour to generate capital appreciation by investing in entities that are engaged in and / or expected to benefit from the housing theme. The fund manager would aim to build a portfolio by identifying entities within the list of basic industries under Housing theme that have potential for meaningful growth and which have a certain sustainable competitive advantage.

The Scheme may invest in equity derivatives instruments to the extent permitted under and in accordance with the applicable Regulations, including for the purposes of hedging, portfolio balancing and optimizing returns.

Tata Housing Opportunities Fund’s performance will be benchmarked against NIFTY Housing Index (TRI)

The scheme will be managed by Mr. Tejas Gutka (Equity Portfolio), Mr. Venkat Samala (Overseas Investment) and Mr. Murthy Nagarajan (Debt Portfolio).

The NFO opens for subscription on August 16, 2022 and closes on August 29, 2022. The scheme will reopen for continuous sale and repurchase on September 09, 2022.

The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 5,000 and in multiples of Re.1 thereafter.

The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum Capital Withdrawal option.