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Monday, December 29, 2008

Tata MF files another offer document with Sebi

Plans to launch open ended equity scheme

Name of Fund: Tata Value Opportunities Fund

Type of Scheme: It is an open ended equity scheme

Investment Objective: The investment objective of the Scheme will be to provide reasonable and regular income and/or possible capital appreciation to its Unitholder by predominantly investing in equity and equity related instruments available at the price which is termed as value investment opportunity

Investment Options: The Schemes will offer two plans i.e. growth and dividend option. Dividend option will further offer dividend payout and dividend reinvestment options.

Asset Allocation: Under normal circumstances the scheme will invests upto 65%-100% in the equity and equity related instruments out of which 65% -100% will be invested in equity and equity related instruments termed as value investment opportunity and upto 35% in other equity and equity related instruments. The scheme will invest upto 35% in the debt and money market instruments with medium to high risk profile.

Value investing is arguably the most conservative approach towards stock picking. The approach in its simplest form advocates that investors should exploit the difference in price between the stock market value of the company and the actual or intrinsic value of the business. In this style the focus remains on the price of the stock and inherent in this approach is the assumption that the market often does not value a company properly.

Investment in securitised debt will not normally exceed 20% of the net assets of the scheme.

NFO price: Rs 10 per unit

Entry Load: For each investment amount of less than Rs 2 crore the scheme will charge 2.25% of entry load and will not charge any entry load for each investment amount of greater than or equal to Rs 2 crore.

Exit Load: The scheme will charge 1.00% of exit load for each investment amount of less than Rs 2 crore and if redeemed before expiry of six months from the date of allotment and will charge any exit load for each investment amount of greater than or equal to Rs 2 crore.

Minimum Investment Amount: The minimum investment amount is Rs 10,000 and in multiples of Re 1 thereafter.

Minimum Targeted amount: The Fund seeks to collect a minimum subscription amount of Rs 2 lakh under each series during NFO.

Benchmark Index: BSE Sensex

Fund Manager: Venugopal will manage the equity part of the fund and Raju Sharma will manage the debt part of the fund.

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