Tata Mutual Fund Multicap Fund will follow a combination of both value and growth investment style to appropriately align the portfolio based on the market and opportunities. The open-ended equity scheme was launched on August 17, 2018, and will be open for subscription until Aug 31, 2018.
Tata Multicap Fund will invest across small-cap, mid-cap, and large-cap stocks, the AMC announced in a statement. The open-ended equity fund will concentrate on tracking sectors on a top-down basis and firms on a bottom-up basis.
Both Direct and Regular Plans with Growth and Dividend Options. The minimum investment amount of the Tata AMC’s new scheme is 5,000 Rupees and in multiples of one rupee thereafter. The new fund offers an exit load of 1 percent if the units are redeemed on or before 18 months from the date of allocation.
The performance of the Tata Mutual Fund Multicap Fund is benchmarked against S&P BSE 500 Index TRI (Total Return Index).
The multicap funds remained unrestricted and could capture chances across market segments after SEBI’s re-categorization of MF schemes last year, the Tata Mutual Fund said.
“It is the right strategy to participate in multi-cap theme because of the existing macro scenario,” stated by Sonam Udasi, Fund Manager at Tata AMC.
With the present macro scenarios like surging oil prices, ambiguous domestic political situation, global trade wars between large economies, and the SEBI’s latest reclassification of MF schemes; it is correct to involve in multi-cap theme, said Udasi.
Generally, in volatile markets, the knack to move across market caps at the timely moment may offer these funds as advantages.
The Tata AMC has appointed Udasi as the fund manager of the Tata Mutual Fund Multicap Fund. At present, Udasi also manages other Tata MF’s other fund schemes including Tata India Consumer Fund, Tata Equity P/E Fund and Tata Retirement Savings scheme, according to Money Control.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]