Background: Tata Assets Management Ltd. is a part of the Tata group-one of India's largest and most respected industrial groups. The Tata Group is one of India's best-known conglomerates in the private sector with a turnover of around US $ 14.25 billion. The fund manages assets worth Rs. 21304.79 crore at end of May 2009. Tata Growth Fund (G) an open-ended equity scheme launched in June 1994.
The investment objective of the scheme will be to provide reasonable and regular income along with possible capital appreciation to its unit holder.
The minimum investment amount is Rs.5000 and in multiples of Re.1 thereafter. The unit NAV of the scheme was Rs 30.05 per unit as on 19 June 2009.
Portfolio: The total net assets of the scheme increased by Rs 14.61 crore to Rs.54.06 crore in May 2009.
Tata Growth Fund (G) took fresh exposure to three new stocks in May 2009. The scheme has purchased 76998 units (1.45%) of Mcleod Russel India, 24999 units (1.44%) of Corporation Bank and 7180 units (1.00%) of BEML.
The scheme exited completely from Indraprastha Gas by selling 60000 units (1.78%), Hindustan Petroleum Corporation by selling 20000 units (1.40%) and Federal Bank by selling 25000 units (1.18%) among others in May 2009.
Sector-wise, the scheme took fresh exposure in Tea at 1.45% in May 2009. Sector-wise, the scheme exited completely from Banks-Private Sector at 1.18% and Steel-Large at 0.76% in May 2009.
The scheme had highest exposure to GVK Power & Infrastructure with 6.24 lakh units (5.28% of portfolio size) followed by Aditya Birla Nuvo with 25000 units (4.29%), Financial Technologies (India) with 15000 units (4.01%) and Opto Circuits (India) with 1.16 lakh units (3.61%) among others in May 2009.
It reduced its exposure from ITC to 70002 units (by 0.98%), Tata Chemicals by selling 20000 units to 20000 units (0.93%), Gujarat State Petronet by selling 99998 units to 1.74 lakh units (0.84%) and Tata Power Company to 16000 units (0.46%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Power Generation and Supply at 9.63% (from 9.14% in April 2009), followed by Computers-Software-Medium/Small at 9.22% (7.12%), Banks-Public Sector at 5.98% (4.75%) and Textiles-Manmade at 4.29% (3.35%) among others in May 2009.
Sector-wise, the scheme had reduced exposure from Refineries to 2.74% (by 1.63%), Cigarettes to 2.38% (by 0.98%), Fertilizers to 0.80% (by 0.93%) and Personal Care-Multinational to 1.35% (by 0.51%) among others in May 2009.
Performance: The performance of scheme is benchmarked against BSE Sensex. The scheme has outperformed the benchmark index over most of the time periods.
The scheme has posted returns of 5.97% outperforming the BSE Sensex that slipped 5.72% over 1 month period ended 19 June 2009.
Over 3 months period, the scheme advanced by 66.54% outperforming the benchmark index that gained 61.95%. It fell 14.02% more than the benchmark index that declined by 0.34% over 1 year period.
The investment objective of the scheme will be to provide reasonable and regular income along with possible capital appreciation to its unit holder.
The minimum investment amount is Rs.5000 and in multiples of Re.1 thereafter. The unit NAV of the scheme was Rs 30.05 per unit as on 19 June 2009.
Portfolio: The total net assets of the scheme increased by Rs 14.61 crore to Rs.54.06 crore in May 2009.
Tata Growth Fund (G) took fresh exposure to three new stocks in May 2009. The scheme has purchased 76998 units (1.45%) of Mcleod Russel India, 24999 units (1.44%) of Corporation Bank and 7180 units (1.00%) of BEML.
The scheme exited completely from Indraprastha Gas by selling 60000 units (1.78%), Hindustan Petroleum Corporation by selling 20000 units (1.40%) and Federal Bank by selling 25000 units (1.18%) among others in May 2009.
Sector-wise, the scheme took fresh exposure in Tea at 1.45% in May 2009. Sector-wise, the scheme exited completely from Banks-Private Sector at 1.18% and Steel-Large at 0.76% in May 2009.
The scheme had highest exposure to GVK Power & Infrastructure with 6.24 lakh units (5.28% of portfolio size) followed by Aditya Birla Nuvo with 25000 units (4.29%), Financial Technologies (India) with 15000 units (4.01%) and Opto Circuits (India) with 1.16 lakh units (3.61%) among others in May 2009.
It reduced its exposure from ITC to 70002 units (by 0.98%), Tata Chemicals by selling 20000 units to 20000 units (0.93%), Gujarat State Petronet by selling 99998 units to 1.74 lakh units (0.84%) and Tata Power Company to 16000 units (0.46%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Power Generation and Supply at 9.63% (from 9.14% in April 2009), followed by Computers-Software-Medium/Small at 9.22% (7.12%), Banks-Public Sector at 5.98% (4.75%) and Textiles-Manmade at 4.29% (3.35%) among others in May 2009.
Sector-wise, the scheme had reduced exposure from Refineries to 2.74% (by 1.63%), Cigarettes to 2.38% (by 0.98%), Fertilizers to 0.80% (by 0.93%) and Personal Care-Multinational to 1.35% (by 0.51%) among others in May 2009.
Performance: The performance of scheme is benchmarked against BSE Sensex. The scheme has outperformed the benchmark index over most of the time periods.
The scheme has posted returns of 5.97% outperforming the BSE Sensex that slipped 5.72% over 1 month period ended 19 June 2009.
Over 3 months period, the scheme advanced by 66.54% outperforming the benchmark index that gained 61.95%. It fell 14.02% more than the benchmark index that declined by 0.34% over 1 year period.
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