Tata Mutual Fund launches Tata Value Fund Series-1

Tata Mutual Fund launches Tata Value Fund Series-1


~ NFO opens on 22nd June and closes ends on 6th July ~

Tata Mutual Fund today announced the launch of the Tata Value Fund Series-1, a close ended equity fund (tenure of 1103 days) that focuses on investing in stocks that trade at a discount to their intrinsic value. The New Fund Offering window for investing will open from 22nd June 2018 and close on 6th July 2018.

The fund’s Investment philosophy is to broadly Focus on value, meaning scout for companies with

• Cheap valuation and not cheap price that would create wealth for investors in the future
• Good quality management
• Clear growth trajectory
• Capital discipline track record

Investments will be basis on parameters like price-to-book (P/B) ratio, price-to-earning (P/E) ratio, dividend yields (D/Y) of companies within its researched universe. The fund would also consider other quantitative parameters like Return on Equity (ROE) and Return on Capital

Employed (ROCE)
• Focus will be on wealth compounders
• The fund will be sector and market cap agnostic

Sonam Udasi currently manages the Tata Equity P/E fund which has a track record of more than 13 years would manage this fund. Speaking on the launch of this new fund, Sonam Udasi said, “Presently, the Indian Market is experiencing favorable opportunities for value investing. The Equity market currently is going through a volatile phase. The S&P BSE Sensex touched its all-time high of 36,000 and is currently trading at around 35,000 levels. A volatile phase of the market is the best time to scout for value stocks, as stocks generally tend to fall below their intrinsic value.” “Also, according to IMF, India is a growing economy and is projected to grow at 7.4% of its gross domestic product in 2018 as against China’s 6.8%, making it the fastest growing economy among emerging economies.

India’s robust growth story coupled with current value investing opportunities opens the door for potential wealth creators through the value investing strategy”, he added. Prathit Bhobe, Chief Executive Officer & Managing Director, Tata Asset Management added, “We have been managing Tata Equity P/E Fund, which has a track record of more than 13 years and which follows the value-conscious style of investing. I am sure that our experience with Tata Equity P/E Fund would help manage Tata Value Fund Series-1. We believe that Indian markets offer investment opportunities and despite the short term volatility, we recommend that investors look to invest with a long term horizon.”

About Tata Asset Management Limited

Established in 1994, Tata Asset Management Ltd is the investment manager for Tata Mutual Fund. It is among the oldest and most trusted fund houses in India with an asset base of approximately Rs 45,000 crore as on May 31, 2018 and an investor base of over 15,00,000 investors. Tata Mutual Fund takes pride in managing the investments of the common man right from childhood to retirement. It offers a wide choice of funds for every need across the entire riskreturn spectrum. These include equity funds, hybrid funds and fixed income funds.