TATA MF launches TATA Indo-Global Infrastructure Fund.
Tata Mutual Fund launched Tata Indo-Global Infrastructure Fund, a close ended equity scheme with a maturity of 3 years. Upon completion of 3 years, the scheme will automatically be converted into an open-ended scheme.
The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in infrastructure and infrastructure related sectors and which are incorporated or have their area of primary activity, in India and other parts of the world.
The new fund will commence from September 3, 2007 and will close on October 16, 2007.
The fund will invest 65% – 85% in Equity and Equity related instruments of domestic companies, 15% – 35%, in Foreign Securities as permitted by SEBI/RBI and upto 35% in Debt and Money Market Instruments.