Are you looking to invest in different sector funds like – Banking,Pharma,Consumer Durable – through single application form and single cheque then you can think for – Own A Piece Of India theme by TATA mutual fund.
What is TATA Mutual Fund – #OwnAPieceOfIndia strategy:
TATA mutual fund will launch New Fund Offers across different sectors
- TATA Banking & Financial Services Fund
- TATA Digital India Fund.
- TATA India Consumer Fund.
- TATA India Healthcare & Pharma Fund.
- TATA Resources & Energy Fund.
- TATA Infrastructure Fund – This is not a new fund .Its ongoing fund of TATA mutual fund.
New Fund offer available from Dec 04, 2015 to Dec 18, 2015.As infrastructure is ongoing fund units alloted under this plan will be as per NAV applicability on particular date of investing.
So basic idea is to allow investors to invest in the sector / sectors – which may be benefited through reform process- through a common platform – common form & single cheque.
This will be Multi-manager scheme where a lead manager will operate the scheme along with other co-managers.
Here investor can choose one or more sector funds.Suppose if investor is bullish on only banking & pharma sector then he can invest in only those two funds through a common cheque and he need to mention the amount specifically for each scheme in application form.Investment amount will be subject to minimum Rs.5000 for lump sum & Rs. 500 for SIP per Scheme.Switch between two schemes is possible subject to exit load and applicable capital gains.
This is good idea only if investor / adviser have sufficient knowledge about up coming sectors.
It would have better if there was a Debt / Liquid scheme:
There is no debt / Liquid scheme to choose from this strategy.It would have better for investors to park some money under this umbrella in uncertain times.
My mind goes towards diversified equity scheme:
Personally I feel investor should offer flexibility to fund manager to manage the sector exposure and diversified funds should be their first priority.There are few good schemes managed by TATA mutual fund itself.
If investor think he / she understands the market or their adviser understands the market well then only think to invest in particular sector / sectors.
Please Note:“Own a piece of India” is registered trade mark of TATA mutual fund.
For each fund it should be indicated where MF intends to invest. eg. digital fund and IT fund.
regards,
a v joshi
Hi,
Each fund will invest predominantly in related sector.
Stock allocation will be decided by fund managers.
E.g.Digital india or IT fund will invest predominantly in IT companies like : Infosys,TCS.wipro,HCL,Tech mahindra,Mind tree,oracle,Cyient,just dial which are among IT index constituents.
Regards.