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Tata Mutual Fund launches Tata Focused Equity Fund

The scheme will invest in a concentrated portfolio of up to 30 stocks across market capitalisations.

ET Online|
Updated: Nov 14, 2019, 03.07 PM IST
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Tata Asset Management has launched an open-ended equity scheme called Tata Focused Equity Fund. According to the press release sent by the fund house, the scheme will invest in a concentrated portfolio of up to 30 stocks across market capitalisations.

The benchmark for Tata Focused Equity Fund will be S&P BSE 200 TRI and the scheme will be managed by Rupesh Patel.

The new fund offer (NFO) will open for subscription on November 15 and closes on November 29.

The fund house in a communication said that the scheme will bet on 30 equity stocks – high conviction ideas backed by meaningful allocation. The scheme will be a multi cap fund with no market cap bias or sector preferences and importantly, a low churn construct.

"The fund aims to construct a portfolio of stocks on bottom up basis following the GARP—growth at reasonable price philosophy. The fund will follow multi cap approach without having any particular market cap bias or sector bias. The tilt towards any particular market cap or sector will be purely incidental and would be a result of stock selection. The objective is to have stocks based on their relative risk-reward opportunity and fundamental attributes. Further, from a Risk Management point of view, we would aim to maintain optimal liquidity," said Rupesh Patel, senior fund manager, Tata Mutual Fund.

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