Tata Asset Management announces the launch of the Tata Multicap Fund, an open-ended equity scheme investing across large cap, mid cap, small cap stocks. The New Fund Offering will open from 16 January 2023 and close on 30 January 2023. Thereafter the scheme re-opens for continuous sale and repurchase after allotment.
This fund is benchmarked against Nifty 500 multicap 50:25:25 total returns index and will offer two plans – regular and direct. The investment objective of the scheme is to generate long-term capital appreciation from a portfolio of equity and equity related securities across market capitalization. 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. Speaking on the launch Rahul Singh, CIO – Equities, Tata Asset Management said, “We believe that Tata Multicap fund can be well placed to capture the potential of a broad-based economic growth outlook for India over next 3-5 years.” Minimum investment amount is Rs. 5,000/- and in multiple of Re.1/- thereafter.
