Tata Dividend Yield Fund Details
Tata mutual fund is a part of Tata Group. It remains India’s largest and most respected industrial group. The MF house offers a range of investment solutions for financial planning and wealth creation. Now, the MF plans to launch Tata Dividend Yield Fund.
The MF may conduct a subscription process from May 03, 2021, to May 17, 2021. It is an open-ended equity scheme predominantly investing in dividend-yielding stocks. During the NFO period, the offer face value fixed at Rs. 10 for each.
Further, the NFO may suitable for investors who seek long-term capital appreciation. Moreover, investors should consider that their investment principal will be at very high risk.
Also, the scheme available in regular and direct plans along with growth and IDCW options.
Basic Details of NFO:
| NFO Name | Tata Dividend Yield Fund |
| Subscription Period | May 03, 2021 – May 17, 2021 |
| NFO Type | Open-ended scheme |
| Benchmark | NIFTY DIV OPPS 50 – TRI |
| Fund Manager | Sailesh Jain, Rahul Singh |
Investment Objective:
The investment objective is to provide capital appreciation and/or dividend distribution by investing predominantly in a well-diversified portfolio of equity and equity-related instruments of dividend-yielding companies
Minimum Investment:
During the NFO period, the minimum application amount should at Rs. 5,000 and in multiples of Re. 1 thereafter. Further, the minimum additional amount fixed at Rs. 1,000 and in multiples of Re. 1 thereafter.
Moreover, the minimum redemption amount will be Rs. 500 or 50 units.
However, the scheme does not offer any load structure charges.
Asset Allocation Pattern:
| Instruments | Indicative allocations ( % of net assets) | Risk Profile | |
| Minimum | Maximum | ||
| 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 of mutual funds | 0 | 35 | Medium to High |
| Units issued by REITs & InvITs # or any other asset as may be permitted by SEBI from time to time | 0 | 10 | Medium to High |
Disclaimer: However, this article offers just information regarding the scheme. It does not provide any advice or investment tips to investors. MF investments are fixed to market risk. Please consult your financial advisor before investing.