Tata MF Declares Dividend

Tata Mutual Fund has announced the declaration of dividend under dividend option for Tata Infrastructure Fund. The record date is set as 11 March 2008. The quantum of dividend is 10% i.e. Re 1 per unit on the face value of Rs. 10. The NAV for the scheme under regular plan was Rs. 24.7914 as on 4 March 2008.

Tata Infrastructure Fund an open-ended equity-diversified scheme launched in November 2004. The objective of the scheme is to provide income distribution and / or medium to long term capital gains by investing predominantly in equity / equity related instrument of companies in infrastructure sector.

Tata Mutual Launches Growing Economy Fund

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.