Tata MF looks to net Rs 500 cr from 6 schemes

By: | Published: December 5, 2015 12:09 AM

Tata Mutual Fund is looking at mopping up over R500 crore from five new fund offers (NFOs) along with one existing infra scheme.

Tata Mutual Fund is looking at mopping up over R500 crore from five new fund offers (NFOs) along with one existing infra scheme.

The company has launched five new plans and an existing fund under a unique theme of Own a Piece of India whereby investors have the choice to participate in India’s growth with a single investment across the schemes. The new family of funds include Tata Banking and Financial Services Fund, Tata India Consumer Fund, Tata Digital India Fund, Tata India Pharma & Healthcare Fund, and Tata Resources & Energy Fund. The existing fund is Tata Infrastructure Fund.

All the five NFOs, which opened for subscription on Friday, will close on December 18.

“We are looking at mopping up R500 crore plus through the five new open-ended equity schemes and one existing fund during the NFO period itself,” a company official said.

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