TATA Mutual Fund is launching Tata Dividend Yield Fund. The NFO will open on May 3rd and will close on May 17th, 2021.
Read on more to find out more in detail.
The main objective of this fund is to invest in a well-diversified portfolio of equity and equity-related instruments of dividend-yielding companies to provide capital appreciation and/or distribute dividends
| Instruments | Indicative allocations
(% of net assets) |
Risk Profile | |
| Minimum | Maximum | High/Medium/Low | |
| Equity and equity-related instruments of Dividend Yielding Companies | 65 | 100 | High |
| Other Equity & Equity related Instruments of Companies other than above | 0 | 35 | High |
| Debt and money market instruments | 0 | 35 | Low to Medium |
| Units issued by REITs & InvITs | 0 | 10 | Medium to High |
| Scheme Name | Tata Dividend Yield Fund |
| Type of Scheme | An open-ended equity scheme predominantly investing in dividend-yielding stocks. |
| NFO Dates | May 3 to May 17, 2021 |
| Fund Manager | Mr. Sailesh Jain (lead fund manager)
Mr. Rahul Singh (co-fund manager) Mr. Venkat Samala (fund manager-overseas investments) Mr. Murthy Nagarajan (fund manager-debt portfolio) |
| Minimum Amount for Application during NFO | Rs. 5,000 and in multiples of Re.1 |
| Minimum Additional Application Amount | Rs. 1,000 and in multiples of Re.1 |
| Minimum Redemption Amount | Rs.500 or 50 units or folio
balance whichever is lower. |
| Minimum SIP Amount | Rs 500 per month |
| Load | Entry load: N.A
Exit Load:
|
| Plans | Regular and Direct |
| Options | • Growth Option
• Payout of Income Distribution Cum Capital Withdrawal Option • Reinvestment of Income Distribution cum capital withdrawal option |
The fund managers of Tata Dividend Yield Fund launched by Tata Mutual fund are:
Mr. Sailesh Jain
He is the lead fund manager with experience of 15 years. He has worked with companies like IIFL, Quant Broking, and IDFC Securities.
Other funds managed by him:
Mr. Rahul Singh
He is the co-fund manager with 25 years of experience. He has worked with companies like Citigroup, Standard Chartered, and Ampersand Capital.
Other funds managed by him:
Mr. Venkat Samala:
He is the dedicated fund manager for overseas investments with experience of 6 years. He has worked with Quality Engineering and Software Services before joining Tata Mutual fund.
He handles the overseas investments of the following funds:
Mr. Murthy Nagarajan
He is the dedicated fund manager for the debt portfolio with experience of 25 years. He has worked with Mirae AMC and Quantum AMC, apart from Tata MF.
Other funds managed by him: