Tata Mutual Fund has collected over 110 crore through an initial offer for Tata Equity P/E Fund – an open-ended diversified equity fund. The IPO was launched on May 17 and closed on June 15.
The fund will invest at least 70 per cent of its net assets in shares whose trailing P/E ratios are less than that of BSE Sensex at the time of investment and 30 per cent in other stocks, including a maximum of 20 per cent in debt and money market instruments.
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