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  • MF News Tata MF changes scheme name

    Tata MF changes scheme name

    Tata Select Equity Fund to be renamed as Tata Ethical Fund
    Team Cafemutual Aug 8, 2011

    Tata Select Equity Fund to be renamed as Tata Ethical Fund 

    Mumbai: Tata Mutual Fund has changed the name of its scheme Tata Select Equity Fund to Tata Ethical Fund. The revision will be effective from September 5, 2011.

    Tata has also decided to revise the scheme’s salient features:

    Investment Objective: The scheme is to provide medium to long term capital gains by investing in Sharia compliant equity and equity related instruments of well researched value and growth oriented companies.

    Asset Allocation:  The scheme would allocate 100 per cent of assets equity & equity related Sharia compliant listed, to be listed and unlisted securities of companies and other instruments if allowed under Sharia Law/Principles with high risk profile.

    Benchmark Index: S&P CNX 500 Shariah.

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