Tata Mutual Fund Files An Offer Document

Tata MF has filed an offer document for Tata Global Infrastructure fund, a close-ended equity scheme. The scheme will be converted into an open-end scheme on maturity i.e. 3 years from the date of allotment. The minimum application for scheme is Rs. 10,000/- and in multiple of Re. 1/- thereafter. The scheme is available with growth and dividend options. The dividend option will have dividend payout and dividend reinvestment facility.
The objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments of companies directly or indirectly involved in infrastructure sector and which are incorporated or have their area of primary activity in India and other parts of the world. There will be no entry load and exit load during the close-ended period. After conversion into an open-ended scheme load structure will change as per option available.

On amount invested by way of a systematic investment plan there will be an entry load of 1.00% and exit load will be 1.25% if the amount is redeemed before the expiry of 24 months from the date of allotment.

On amount invested other than by way of a systematic investment plan there will be an entry load of 2.25% for each investment amounting less than Rs. 2 crore. There will not be any entry load for investment amount above Rs. 2 crore. Exit load will be nil.