Tata AMC Ltd has launched a new fund offer for Tata Business Cycle Fund. The fund is open for subscription between July 16 and July 30, 2021.
Read on to find out more about the NFO.
Tata Business Cycle Fund is an open-ended equity scheme following business cycles based investing theme.
Indicative Asset Allocation
| Types of Instruments | Indicative allocation (% of total assets) | Risk Profile | |
| Minimum | Maximum | ||
| Equity and equity-related instruments selected on the basis of the business cycle | 80% | 100% | High |
| Other Equity & Equity Related Instruments | 0% | 20% | Medium to High |
| Debt and Money market instruments & Gold ETF | 0% | 20% | Low to Medium |
| Units issued by REITs & InvITs. | 0% | 10% | Medium to High |
| Scheme name | Tata Business Cycle Fund |
| Type of scheme | An open-ended equity scheme following business cycles based investing theme. |
| NFO Dates | July 16, 2021 – July 30, 2021 |
| Fund Managers | Rahul Singh, Venkat Samala (Overseas Investment), Murthy Nagarajan (Debt Portfolio) |
| Benchmark | Nifty 500 TRI |
| Minimum Amount for Application during NFO | Rs 5,000/- and in multiple of Re.1/- thereafter. |
| Minimum Additional Purchase Amount | Rs.1000/-& in multiples of Re.1/- thereafter. |
| Minimum Redemption/Switch-Out Amount | Rs.500 or 50 units or folio balance whichever is lower |
| Load | a) Entry Load: Not applicable
b) Exit Load: NIL: Redemption/Switch-out/SWP/STP on or before 365 days from the date of allotment: If the withdrawal amount or switched out amount is not more than 12% of the original cost of investment-NIL 1%: Redemption/Switch-out/SWP/STP on or before 365 days from the date of allotment and if the withdrawal amount or switched out amount is more than 12% of the original cost of investment NIL: Redemption/Switch-out/SWP/STP after 365 days from the date of allotment |
| Plans | Direct and Regular |
| Options | Growth
Payout of Income Distribution Cum Capital Withdrawal Option (IDCW-Payout) Reinvestment of Income Distribution cum capital withdrawal Option (IDCW-Reinvestment) |
| Minimum SIP Amount | Rs.150
Minimum number of installments- 12 |
Nifty 500 TRI (Total Return Index)
The Nifty 500 benchmark represents the top 500 companies based on full market capitalisation from the eligible universe. The NIFTY 500 Index represents about 96.1% of the free-float market capitalization of the stocks listed on NSE as of March 29, 2019.
A Total Return Index (TRI) reflects the returns on the index arising from:
(a) Listed stock price movements and
(b) Dividend receipts from those stocks.
Mr. Rahul Singh
Mr. Rahul Singh has been with Tata Asset Management Ltd. since October 2018. He is currently Chief Investment Officer – Equities. In the past, he has worked with Ampersand Capital Investment Advisors LLP, Standard Chartered Securities Ltd. and Citigroup Global Markets.
Other funds managed by him are:
Mr. Venkat Samala (Overseas Investment)
Mr. Venkat Samala has been working since May 2019 with Tata Asset Management Ltd as Research Analyst, tracking textiles, building materials, aviation, real estate and hospitality sectors.
In the past, he has worked with Quality Engineering & Software Technologies Pvt Ltd as a senior design engineer.
Other funds managed by him are:
Mr. Murthy Nagarajan (Debt Portfolio)
Mr Murthy Nagarajan has been working with Tata Asset Management Ltd. since March 2017 as Head- Fixed Income. In the past, he has worked with Quantum Asset Management Co. Pvt. Ltd and Mirae Asset Global Investment India Pvt. Ltd.
Other funds managed by him are:
Happy Investing!