Tata Asset Management launches Tata Multicap Fund

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NFO opens on 16 January and closes on 30 January

PUNE: Tata Asset Management announces the launch of the Tata Multicap Fund, an open-ended equity scheme investing across large-cap, mid-cap, and small-cap stocks. The New Fund Offering window for investing will open on 16 January 2023 and close on 30 January 2023. Thereafter the scheme re-opens for continuous sale and repurchase after allotment.

Speaking on the launch Rahul Singh, CIO – of Equities, Tata Asset Management said, “Tata Multicap Fund focuses on combinations – across Market Caps, Strategies, Themes, and Sectors with Growth at Reasonable Prices or GARP as the underlying philosophy aiming to improve the risk-adjusted returns of the overall portfolio and potentially provide a smoother journey to the investor. We believe that Tata Multicap fund can be well-paced to capture the potential of a broad-based economic growth outlook for India over the next 3-5 years.”

The fund’s portfolio will constitute securities of companies that are at various stages of the earnings cycle aiming to provide the right balance between stability and opportunities. These three segments of the earnings cycle can be broadly bucketed as Earnings Stability, Earnings Upgrades, and Earnings Turnaround. Such a combination will help to have (i) companies growing at a stable rate which provides a base, (ii) companies benefitting from a change in the earnings cycle which can lead to valuation rerating and (iii) lastly, companies recovering from an adverse situation based on industry or management turnaround.

It is benchmarked against the Nifty 500 multi-cap 50:25:25 total returns index and will offer two plans – regular and direct.

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