VR Logo

Tata Mid Cap Fund


Tata Mutual Fund has launched a mid cap fund. Named as Tata Mid Cap Fund, the scheme aims for long term capital gains by investing predominantly in equity and equity related instruments of mid cap companies.

The fund would invest at least 65 per cent of its net assets in equity and equity related instruments and up to 35 per cent in debt and money market instruments. The fund can also invest up to 35 per cent in other stocks.

The fund's IPO opened on May 19 and would continue till June 15, 2005. It offers both growth and dividend options. During the IPO period, the fund would charge an entry load of 2.25 per cent on investments greater than Rs 5 lakh and less than Rs 2 crore. No entry load is applicable on investments up to Rs 5 lakh and Rs 2 crore and above. An exit load of 2 per cent is applicable on investments up to Rs 5 lakh if redeeemd before 180 days and 0.25 per cent on investments in the range of Rs 2 crore to Rs 5 crore, if redeemed before 90 days from the date of allotment.