Tata Global Innovation Fund
Tata Mutual Fund has filed an offer document with SEBI to launch an open-ended fund of fund scheme investing into Overseas Fund(s) which follows Innovation Theme.
The New Fund Offer price is Rs.10 per unit. The objective of the scheme is to seek capital appreciation by investing predominantly in overseas funds that primarily invest in companies with an innovation theme having potential for capital appreciation over the medium to long term horizon
The fund manager for this scheme is Mr. Venkat Samala (Overseas Investment)
This product is suitable for investors who are seeking Long Term Capital Appreciation and Investing predominantly in overseas funds that primarily invest in companies with an innovation theme
The scheme asset allocation will be
- Units of Nikko AM ARK Disruptive Innovation UCITS Fund and other Overseas Funds with similar innovation theme (95 -100%)
- Debt & Money Market Instruments including units of Domestic Mutual Funds (Upto 5%)
- Units issued by REITs and InvITs (Upto 5%)
The riskometer for this scheme is Very High
Tata Global Innovation Fund Details
| Details | Tata Global Innovation Fund Details |
|---|---|
| Name of Mutual Fund | Tata Mutual Fund |
| Scheme Name | Tata Global Innovation Fund |
| About Scheme | An open ended fund of fund scheme investing into Overseas Fund(s) which follows Innovation Theme |
| Offer of Unit | Rs.10 |
| Objective | to seek capital appreciation by investing predominantly in overseas funds that primarily invest in companies with innovation theme having potential for capital appreciation over the medium to long term horizon |
| Name of Fund Manager | Mr. Venkat Samala (Overseas Investment) |
| This product is suitable for investors who are seeking | Long Term Capital Appreciation. Investing predominantly in overseas funds that primarily invest in companies with innovation theme. |
| The scheme asset allocation will be | Units of Nikko AM ARK Disruptive Innovation UCITS Fund and other Overseas Funds with similar innovation theme (95 -100%) Debt & Money Market Instruments including units of Domestic Mutual Funds (Upto 5%) Units issued by REITs and InvITs (Upto 5%) |
| Riskometer | Very High |
| DRHP | Click here |