Mutual Fund News : Tata Mutual Fund announces the launch of Tata Focused Equity Fund

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Tata Mutual Fund is about to launch an open ended equity scheme under the Focused Funds Category, with an aim to invest in in maximum 30 stocks across market caps (i.e. Multi Cap). The scheme will be known as Tata Focused Equity Fund.

The investment objective of the scheme is to generate long term capital appreciator by investing in equity & equity related instruments of maximum 30 stocks across market caps. 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.

The NFO opens for subscription on November 15, 2019 and closes on November 29, 2019. 

The fund will be managed by Mr. Rupesh Patel, while its performance will be benchmarked against S&P BSE 200 TRI. 

The New Fund Offer will be priced at Rs 10 per unit and the minimum application amount for initial purchase will be Rs 5,000 and in multiples of Re 1 thereafter.