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Tata Mutual Fund Rolls Out Tata Small Cap Fund

Tata Mutual Fund Rolls Out Tata Small Cap Fund

Tata Mutual Fund has made an announcement that it will offer Tata Small Cap Fund for investors. The announcement was made public on Friday.

The new scheme will help the investors to buy stocks in small cap companies. According to a press release, most likely, the business will grow considerably faster than the market and will have the capability to convert themselves into midcaps in the future.

The closing date for the new fund is November 3. ChandraprakashPadiyar, senior fund manager (handles Tata Hybrid Equity Fund and Tata Large and Mid-Cap Funds) will handle the new fund. Investors can invest in the new scheme with a minimum amount of Rs. 5000 and in multiple of Re.1 later.

The new scheme will be benchmarked against Nifty cap 100 TRI Index.

The new scheme doesn’t allow entry load applicable on investments. If the investors buy or switch out from the scheme on or before the end of 2 years (from the date of allotment of units) then they will be charged with an exit load of 1% of applicable NAV.

“We believe our experience in bottom-up stock picking will help identify opportunities in the small cap space,” said PrathitBhobe, CEO and MD of Tata mutual Fund.

There is short term volatility in the Indian market but the market provides good investment choices for the investors and it is suggested that the investors should invest with a long term mind-set.


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