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.
