Tata Asset Management Ltd on Monday launched an equity fund to invest in infrastructure related sectors in growing economies overseas and in India.Tata Growing Economies Infrastructure Fund, open for initial subscription till March 19, would offer two plans, the firm said in a statement.
Under Plan A, the fund will invest 51-70 percent of the assets in geographies outside India and the rest in Indian equities, debt and money market instruments.The fund, under Plan B, will invest 65-85 percent of the assets in domestic equities and the rest in foreign stocks, debt and money market instruments.The fund house managed assets worth about 190 billion rupees at the end of January, data from the Association of Mutual Funds in India showed.
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