Tata AMC launches new open-ended equity scheme Tata Focused Equity Fund

"The fund aims to construct a portfolio of stocks on bottom up basis following the GARP — growth at reasonable price philosophy. The fund will follow multi cap approach without having any particular market cap bias or sector bias. Further, from a risk management point of view, we would aim to maintain optimal liquidity," said Patel, senior fund manager at Tata Mutual Fund, announcing the scheme.

The company has kept a minimum investment amount of Rs 5,000 for the fund. There will be no entry load during the NFO while exit load will be 1 percent of the applicable net asset value (NAV), if redeemed or switched out on or before expiry of 365 days from the date of allotment.