Tata Mutual Fund has filed offer document with Sebi to launch Tata Natural Resources Fund, an open ended equity scheme with two plans i.e. Plan A and Plan B. The scheme will offer units at Rs 10 each for cash during the NFO period.
Investment Objective:
Plan A: Investment objective of the scheme is to generate capital appreciation / income by investing predominantly in equities of companies principally engaged in the discovery, development, production or distribution of natural resources in various economies of the world including India. Atleast 51% of the net assets would be invested in geographies outside India.
Plan B: Investment objective of the scheme is to generate capital appreciation / income by investing predominantly in equities of companies principally engaged in the discovery, development, production or distribution of natural resources in India and other economies of the world. Majority of such investments would be in India.
Options: The scheme offers two option viz. Growth Option & Dividend Option (Payout / Re -investment).
Minimum Application Amount: For Plan A and Plan B:
Dividend Option - Rs. 10,000 and in multiples of Re. 1 thereafter. Growth Option - Rs. 10,000 and in multiples of Re. 1 thereafter.For additional investment by existing investor Rs. 1,000 and in multiples of Re.1 thereafter.
Minimum Target Amount: Rs. 5 crore during the New Fund Offer Period.
Benchmark Index:
Plan A - The performance of the Plan A would be benchmarked against the performance of MSCI World Energy Index to the extent of 70% of the net assets and BSE 200 to the extent of 30% of the net assets of the Plan.
Plan B - The performance of the Plan B would be benchmarked against the performance of BSE 200 to the extent of 65% of the net assets and MSCI World Energy Index to the extent of 35% of the net assets of the Plan.
Loads: Entry load shall be nil for the scheme. Exit Load: 1% of the applicable NAV if redeemed on or before expiry of 365 days from the date of allotment.
Asset Allocation:
Plan A: Equity and Equity related instruments of companies principally engaged in the discovery, development, production or distribution of natural resources (including units of overseas mutual funds which invest predominantly in Equity and Equity related instruments of companies principally engaged in the discovery, development, production or distribution of natural resources):
In India: 30-49%
In Economies other than India: 51-70%
Other Equities and Equity related instruments of domestic companies: 0-19%
Debt & Money Market instruments: 0-19%
Average investment in equity and equity related instruments will not fall below 65% of the net assets.
Plan B: Equity and Equity related instruments of companies principally engaged in the discovery, development, production or distribution of natural resources (including units of overseas mutual funds which invest predominantly in Equity and Equity related instruments of companies principally engaged in the discovery, development, production or distribution of natural resources):
In India: 65-85%
In Economies other than India: 15-35%
Other Equities and Equity related instruments of domestic companies: 0-20%
Debt & Money Market instruments: 0-20%
Average investment in equity and equity related instruments will not fall below 65% of the net assets.
Fund Managers: Venugopal M. and Dinesh Da Costa (for overseas portfolio)