Mutual Fund News : Tata Mutual Fund launches Tata Focused Equity Fund

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Tata Mutual Fund has launched an open ended equity scheme known as Tata Focused Equity Fund, under Focused Funds Category.

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

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 price is Rs 10 per unit and the minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter.

The scheme offers Regular Plan and Direct Plan having Growth Option and Dividend Option (Payout and Reinvestment).