Comments
Tata Mutual Fund has announced the launch of a new fund offer (NFO) for Tata Small Cap Fund – an open-ended scheme.
This scheme aims to invest in stocks of small-cap companies that are likely to grow substantially faster than the market and have the potential to become mid-caps in the future.
The NFO will open on October 19 and close on November 2. The fund will be managed by Chandraprakash Padiyar, Senior Fund Manager, who currently manages Tata Hybrid Equity Fund and Tata Large & Mid Cap Fund.
Chandraprakash Padiyar, said, “Warren Buffet once said, ‘be fearful when others are greedy, and greedy when others are fearful’. I would like to point out that valuations are becoming attractive in many cases, which, in turn, can lead to better return potential in the long term. Given the market correction, especially in small-cap stocks, there is an interesting long-term investment opportunity with the Tata Small Cap Fund.”
Prathit Bhobe, CEO & MD, Tata Mutual Fund, said in a statement, “We believe our experience in bottom-up stock-picking will help identify opportunities in the small-cap space. Indian markets offer good investment opportunities and despite the short-term volatility, we recommend that investors look to invest with a long-term horizon.”
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.