• Tata Multicap Fund is an open-ended equity scheme investing in large cap, mid cap, small cap stocks
Tata Asset Management announced the launch of Tata Multicap Fund, an open-ended equity scheme investing in large cap, mid cap, small cap stocks. The New Fund Offering (NFO) window for investment will open from January 16, 2023 and close on January 30, 2023. Thereafter the scheme re-opens for continuous sale and repurchase after allotment.
The Fund's portfolio will constitute securities of companies that are in different stages of the income cycle, with an objective to provide the right balance between stability and opportunities. Tata Mutual Fund (MF) said that these three segments of the income cycle can be broadly classified as income stability, income upgradation and income turnaround.
"Such a combination will (i) help companies grow at a steady rate which provides a base, (ii) companies benefit from changes in the earnings cycle that may lead to valuation rerating and (iii) ultimately In the US, companies recovering from adversity is based on a change in industry or management," the fund house said.
It is benchmarked against Nifty 500 Multicap 50:25:25 Total Return Index and will offer two plans - Regular and Direct. Rahul Singh (Equity), Murthy Nagarajan (Debt) and Arvindkumar Chetty (Foreign) are the fund managers.
Speaking on the launch, Rahul Singh, CIO - Equities, Tata Asset Management said, "Tata Multicap Fund focuses on combination of - Market Cap, Strategy, Theme and Sectors at Fair Value Growth or Risk Adjusted with GARP as the underlying philosophy Aims to improve overall portfolio returns and potentially provide a smoother journey to the investor. We believe a broad-based economic growth outlook for India over the next 3-5 years to realize its potential Tata Multicap Fund can be well positioned for this."
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