Tata Mutual Fund Introduces Tata Multicap Fund

Jan 17, 2023

Tata Mutual Fund has launched – Tata Multicap Fund

It is an open-ended equity scheme investing across large-cap, mid-cap, small-cap stocks.

Accordingly, 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.

Under normal circumstances, Tata Multicap Fund will hold an allocation of 75% to 100% of its assets in Equities & Equity related securities across market capitalisation (large-cap, mid-cap and small-cap from 25% to 50% each), 0% to 25% in Debt Securities & Money Market instruments (including Fixed Income Derivatives), 0% to 10% in Units of REITs and InvITs, 0% to 20% in ADR/GDR/Foreign securities/Overseas ETFs and 0% to 20% in Mutual Fund Units.

As per the Scheme Information Document, Tata Multicap Fund aims to generate capital appreciation by investing in a diversified portfolio of equity & equity related instruments across market capitalization. The scheme will predominantly invest in equity and equity related instruments of well researched and growth oriented companies.

The fund would follow a mix of top down and bottom up approach towards construction of the diversified equity portfolio. The scheme would invest in companies based on various criteria including sound professional management, track record, industry scenario, growth prospects, liquidity of the securities, etc. The scheme will emphasise on well managed, good quality companies with above average growth prospects. The Fund may invest in derivatives instruments such as Futures, Options or such other instruments as may be permitted under the regulations

Tata Multicap Fund’s performance will be benchmarked against NIFTY 500 Multicap 50:25:25 TRI

The scheme will be managed by Mr Rahul Singh (For equities), Mr Tejas Gutka, Mr Murthy Nagarajan (For Debt) and Mr Arvindkumar Kumaresan Chetty (For Overseas Portfolio).

The NFO opens for subscription on January 16, 2023 and closes on January 30, 2023. The schemes will reopen for continuous sale and repurchase on February 09, 2023.

The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 5,000/- and in multiples of any amount thereafter. 

The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum Capital Withdrawal (IDCW) option.