The Tata Trusts, which own two-thirds of group holding company Tata Sons, may start investing in the broader mutual fund universe soon in the hunt for better returns. They currently restrict themselves largely to government securities, instruments of finance companies and a small number of mutual funds approved by the charity commissioner.
The philanthropic trusts, up to 125 years old and among India's oldest, are allowed to invest in mutual funds but have kept away from third-party asset managers because of low risk appetite.
