Tata MF launches 'Tata Capital Builders Fund'

Mumbai, July 17: Tata Mutual Fund today announced the launch of a new mutual fund scheme 'the Tata Capital Builder fund'. The new scheme is a three year close ended equity scheme with a weekly exit option to investors during the close-ended period.

Upon completion of three years, the scheme will automatically be converted into an open ended scheme.

Talking to reporters here, Mr Ved Prakash Chaturvedi, MD, Tata Asset Management Ltd said, ''The opportunity presented by a growing economy, growing companies and a vibrant stock market has potential for medium term capital building. However, investors will need to remain unaffected by short term market volatility and buy into companies with medium term earnings visibility based on strong fundamentals and proper research.

Tata Mutual Fund has a long term track record of quality equity fund management over the past decade. Tata Capital Fund aims to build on a diversified portfolio of quality companies across market capitalisations.

The new fund offer for Tata Capital Builder fund will be open from July 18 to August 18, 2006, he added.

UNI