Tata Mutual Fund
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Tata Equity Savings Fund

Tata Equity Savings Fund
Overview

One of the ideal investment avenue for pre-dominantly fixed income investors interested in allocating a small percentage of their investments in to equities while focusing on earning accrual income on major proportion of their investments.

Asset Allocation

Under normal circumstances, funds of the Scheme, shall (after providing for all ongoing expenses) be invested / the indicative asset allocation shall be as follows considering the objective of the Scheme:

Instruments Indicative Allocation (% of Total Assets) Risk Profile
Minimum Maximum
Equity and Equity related Instruments, of which
65% 90% Medium to High
Net Long Equity Exposure- Equity & Equity related instruments* & units of Equity Funds of Tata AMC ^ $
15% 35% Medium to High
Equity & Equity Derivatives (Arbitrage/Hedged Exposure) **
30% 70% Low to Medium
Debt, Cash & Money Market Securities #
10% 35% Low to Medium

The net long (Unhedged) equity exposure would be capped at a maximum of 35% of the portfolio.

$ The net long equity exposure will be managed as per the stated investment strategies. However, deviation in the investment pattern shall be subject to rebalancing requirements as stated in clause “Change in the Investment pattern.”
*This denotes only net long equity exposures aimed to gain from potential capital appreciation of these positions. Thus, it is a directional equity exposure which is not hedged.
**This denotes equity positions by investing in arbitrage opportunities in the equity market. The Fund Manager in the above case can therefore take exposure to equivalent stock/ index futures & create completely covered positions to avail arbitrage between spot & futures market. Thus, the entire position is primarily used to lock arbitrage profit. The margin money requirement for the purposes of derivative exposure may be held in the form of Term Deposit.
^ including units of open ended Mutual Fund Schemes.
Exposure to derivative instruments will be restricted to 70% of the net assets of scheme.

# The Scheme does not seek to invest in securitized debt, foreign securities, repo/ reverse repo in corporate debt securities and does not seek to participate in Credit Default Swaps.

Fund Manager

Sailesh Jain (Equity Portfolio)

With more than 15 years of experience in both fund management and broking, Sailesh Jain has joined Tata Asset Management in November 2018 as Fund Manager (Equities).

His prior stint includes IDFC Securities Ltd. where he was heading the Institutional Derivatives desk.

He started his career in 2003 at Refco-Sify securities as a fundamental and derivative analyst. Shailesh has worked as a Fund Manager at Lotus India Mutual Fund and has also headed the Derivatives desk at IIFL (Indiainfoline).

Sailesh is an MBA (Finance) from Queensland University of Technology from Australia.


Murthy Nagarajan (Debt Portfolio)

Murthy Nagarajan is the Head of Fixed Income at Tata Asset Management.

With an expertise spanning decades in the debt market, Murthy brings in a rich and valuable industry experience of more than 20 years in the financial services space.

Prior to his appointment at Tata Asset Management, Murthy was working with Quantum AMC. He was also associated with Mirae Asset Global Investment India Ltd. in the Investment Department as the Head of Fixed Income for more than two years.

Murthy holds a Master of Commerce degree and has completed his PGDBA from Somaiya Institute of Management and Research.

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Tata Equity Savings Fund

If suitable arbitrage opportunities is not available than the fund manager may hedge the equity long position. However if the debt/money market instruments are providing more efficient returns than equity exposure then the fund manager may choose to have a lower equity arbitrage/hedge exposure. In such defensive circumstances the asset allocation will be as per the below table:

Instruments Indicative Allocation (% of Total Assets) Risk Profile
Minimum Maximum
Equity and Equity related Instruments, of which
15% 90% Medium to High
Net Long Equity Exposure- Equity & Equity related instruments* and units of Equity Funds of Tata AMC ^ $
15% 35% Medium to High
Equity & Equity Derivatives (Arbitrage/Hedged Exposure) **
0% 70% Low to Medium
Debt, Cash & Money Market Securities #
10% 85% Low to Medium

The net long (Unhedged) equity exposure would be capped at a maximum of 35% of the portfolio.

* This denotes only net long equity exposures aimed to gain from potential capital appreciation of these positions. Thus it is a directional equity exposure which is not hedged

** Equity exposure would be used for arbitrage opportunity to the extent possible & balance exposure may either be hedged with corresponding equity derivatives or may be invested in money market/debt securities. The margin money requirement for the purposes of derivative exposure may be held in the form of Term Deposit.

For detailed information kindly refer the Scheme Information Document.

Scheme Information
Objective

The investment objective of the scheme is to provide long term capital appreciation and income distribution to the investors by predominantly investing in equity and equity related instruments, equity arbitrage opportunities and investments in debt and money market instruments.

Nature of scheme
An open-ended scheme investing in equity, arbitrage and debt.
Date of Allotment
27 April, 2000
Options / Plan
Tata Equity Savings Fund
Regular Plan (Routed through Distributor)
  • • Growth
  • • Daily Dividend (compulsory reinvestment)
  • • Weekly Dividend
  • • Periodic Dividend
Direct Plan
  • • Growth
  • • Daily Dividend (compulsory reinvestment)
  • • Weekly Dividend
  • • Periodic Dividend
Entry Load
Not Applicable
Exit Load
0.25% of the applicable NAV, if redeemed on or before expiry of 90 days from the date of allotment
Min. Purchase Amount
5, 000/- & in multiple of 1/- thereafter.
Min. Additional Purchase Amt.
1,000/- & in multiple 1/- thereafter.
Min. Redemption Amt. / Units*
1,000/- or 100 units
*There is no minimum amount requirement in case unitholder is opting for an all units switch.
Systematic Investment Plan (SIP)
Frequency No. of Installments Min. Installment Amt.
Daily / Weekly / Monthly 12 150/-
Monthly 6 1,000/-
Quarterly 6 1,000/-
4 1,500/-
Systematic Withdrawal Plan (SWP)
Available
Yes
Frequency
Monthly/Quarterly
Min. Withdrawal Amt.
500/-
STP
Available
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