Tata Mutual Fund set to launch new Indo-Global Infrastructure Fund. It is an open-ended equity scheme. It is a 3-year close-ended scheme with an automatic conversion into an open-ended scheme on expiry of 3 years scheme from the date of allotment.The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in infrastructure and infrastructure related sectors and which are incorporated or have their area of primary activity, in India and other parts of the world. The scheme will invest 65%-85% in equities & equity related instruments of domestic companies. The investment in foreign securities would be 15%-35%. Investment in domestic debt, money market instruments will be 0%-35% including investment in securitised debt up to 20% of the net assets.
Source : www.indian-commodity.com
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