TATA Infrastructure refers to
TATA Infrastructure Fund which is an
open ended equity fund that was launched by TATA Mutual Fund on 25th November, 2004.
TATA Infrastructure - Objective
The objective of this investment is to facilitate
income distribution. This investment also offers medium to
long term capital gains by investing primarily in equity and equity related issues of companies in the
infrastructure sector.
TATA Infrastructure - Investment strategy
In most cases,
TATA Infrastructure Fund invests a minimum of 70% of its total assets in equity and equity related issues of companies in the infrastructural sector. This constitutes a high-risk investment.
TATA Infrastructure Fund can also invest upto 30% of net assets in the debt or money market issues for offering
capital preservation and
ongoing liquidity. The level of risk in this kind of investment ranges from low to medium. For debt and money market issues, TATA Infrastructure Fund will not invest in
securitized debt beyond 50% of the scheme's debt component.
For both equity, equity related instruments, debt and money market instruments, the
minimum investment amount is Rs. 5,000.
TATA Infrastructure - Liquidity and options
The options available to TATA Infrastructure Fund investors are
dividend and growth. As far as liquidity is concerned, investors can purchase, sell, and switch their investments on any working day.
TATA Infrastructure - Entry and exit load
The entry load for investments of Rs. 2 crore or more, there is no entry load. But the entry load for investments of less that Rs. 2 crore is 2.25%.
Further, there is no exit load for investment amounts of Rs. 2 crore or more. However, investment amounts of less that Rs. 2 crore entail an exit load of 1% if redeemed within six months from the allotment date.
Companies investing in TATA Infrastructure
Some of the most
prominent companies that have invested in TATA Infrastructure Fund are:
- TATA Steel Ltd.
- Hindustan Zinc Ltd.
- Hindalco Industries Ltd.
- Maruti Udyog Ltd.
- VSNL
- ICICI Bank Ltd.
- Bharti Airtel Ltd.
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