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Tata Mutual Fund has launched Tata Nifty Midcap 150 Momentum 50 Index Fund, an open-ended scheme replicating NIFTY Midcap 150 Momentum 50 Index.
In a press release, Anand Vardarajan, Business Head- Banking, Alternate Products and Product Strategy added, "Over the past 5 and 10 years, many mid-cap stocks have turned into multi-baggers. However, the midcap segment exhibits a large dispersion of returns, creating the need for a filter to select potential outperformers. This is where momentum investing comes in.”
Sailesh Jain, Fund manager, Tata MF added, “A carefully crafted investing strategy may provide the confidence necessary to continue with the methodology in all time frames of the market. Our cost-efficient offering through an Index Fund makes an opportunity for long-term equity investors.”
