Tata MF To Launch Global Infra Fund

After kicking off the country's first infrastructure fund four years ago, Tata Mutual Fund is now set to launch a global fund that will invest in stocks of infrastructure companies in other fast-growing economies. The proposed Indo-Global Infrastructure Fund will focus more on Asia, for; as the management sees more growth in this part of the world. Indo-Global Infrastructure Fund, as the name signifies, will invest 65 %of funds in India and the rest 35% in other markets. For the proposed Indo-Global Infrastructure Fund, Tata Mutual Fund will tie up with separate global fund houses for investments in different markets.

Most of Tata Mutual Fund's eight schemes have given 45 per cent-plus returns. Tata Infrastructure Fund gave returns of 66.66 per cent in the past year, beating the Sensex that gained 44.74 in the same period. On 9 August 2007, three other funds also have infrastructure schemes and four others are working to launch theirs. Tata Mutual Fund was also first off the block to launch funds investing in service industries and life science and technology companies.