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Tata Resources & Energy Fund

Tata Resources & Energy Fund
Overview

The investment objective of the scheme is to seek long term capital appreciation by investing at least 80% of its net assets in equity/equity related instruments of companies in the resources and energy sectors in India viz:

  • Cement
  • Energy
  • Metals
  • Chemicals
  • Fertilizers
  • Paper

The growth opportunity in the materials space is linked to the economic growth of the country. India's per capita consumption across the materials & oil & gas (energy) space is low compared to other emerging market peers. Long term demand drivers for commodities are housing shortage, urbanization & infrastructure investment. In a recent study, KPMG estimated current housing shortage of 5.9 cr units which will grow to 10.7 cr units by 2022. Also, only 35% of the population resides in urban areas, compared to 50% - 90% for peer emerging countries; therefore, increasing urbanization is expected to be a big demand driver for commodities in India. With multiple demand drivers in place, the materials & energy space is expected to grow much larger than it is today. Thus, we expect there will be a large number of investment-worthy companies to be able to participate in this growth & create value for shareholders.

Tata Resources & Energy Fund invests in companies in the resources & Energy Sector which is identified as one of the enablers of growth engine of the economy.


Asset Allocation

Under normal circumstances, funds of the Scheme, shall (after providing for all ongoing expenses) be invested as per the indicative asset allocation pattern as given below:

Instruments
Indicative Allocation (% of Total Assets)
Risk Profile
Minimum
Maximum
Equity & equity related instruments^ of companies in the Resources & Energy sectors
80%
100%
High
Debt & Money Market Instruments
0%
20%
Low to Medium

Fund Manager will follow the AMFI sector classification for deciding the investment universe for the scheme. As per AMFI industry classification, cement & cement products, chemicals, fertilizers & pesticides, metals, paper & energy sectors are classified as Resources & Energy sectors.

^ The Scheme will comply with all the applicable circulars issued by SEBI as regard to derivatives viz. SEBI Circular no. SEBI/MFD/CIR No. 03/158/03 dated June 10, 2003, no. DNPD/Cir-29/2005 dated September 14, 2005, no. SEBI/IMD/CIR No. 9/108562/07 dated November 16, 2007, no. Cir/IMD/ DF/ 11/ 2010 dated August 18, 2010. The cumulative gross exposure to equity, equity related instruments, debt, money market instruments & derivatives shall not exceed 100% of the net assets of the scheme. The exposure to derivatives will not exceed 50% of the net assets of the scheme.

The scheme does not seek to invest in securitized debt. The scheme does not seek to invest in foreign securities. The Scheme does not seek to participate in repo/reverse repo in corporate debt securities. The Scheme does not seek to participate in credit default swaps. The Scheme may engage in short selling of securities in accordance with the framework relating to short selling & securities lending & borrowing specified by SEBI.

Not more than 20% of the net assets of the scheme can be deployed in stock lending. The scheme would limit its exposure, with regards to securities lending, for a single intermediary, to the extent of 5% of the total net assets of the scheme at the time of lending.

Due to market conditions, the AMC may invest beyond the range set out above. Such deviations shall normally be for a short term purpose only for defensive considerations & such deviation shall be subjected to 30 days rebalancing period.

For detailed information kindly refer the Scheme Information Document.


Who should invest / Key Attributes
  • Ideal for Investors:
    • Looking to participate in potential Capital appreciation opportunities in resources and commodities sector benefiting from Indian economic growth.
    • Investors with higher risk profile looking to invest in a theme oriented Scheme.
  • Key Attributes:
    • Invests in fundamentally strong companies from Resources & Energy Sector in India.
    • Benefits of Multiple Fund Managers as the Fund is managed by ‘Lead Fund Manager’ & supported additionally by one or more Fund Managers in the portfolio management process.

Fund Manager

Sonam Udasi

Sonam Udasi Backed with 18 years of his expertise in Equities Research is presently the Fund Manager for many of the equity schemes at Tata Asset Management, since April 2016. Sonam joined Tata Asset Management as Head Research in April 2014. He has also served as the Principal Officer for the PMS vertical of Tata Asset Management. Prior to joining Tata Asset Management, Sonam headed the Research Team at IDBI Capital Market Services Ltd. for 4 years. During this tenure, IDBI Capital Research Team was rated as No. 3 “Top Most Award Winning Team” by Thomson Reuters Starmine Awards for Excellence for Fiscal Year 2013. He started his career as an Analyst with the Quantum Group headed by Ajit Dayal, building expertise in sectors like Consumer Staples, Retail, Media, Pharma and Utilities. He later joined JM Financial AMC as Senior Analyst reporting to the CIO. Apart from this, he has also worked with erstwhile ASK Raymond James and BRICS Securities (Head – Consumer Vertical). Sonam has a Post Graduate Diploma in Business Administration, specializing in Finance.

Rupesh Patel : Co-Fund Manager

At 38, Rupesh has more than 14 years of experience spread across listed equity investments, private equity real estate investments, credit risk assessment and evaluation of infrastructure projects. He has worked in Equity Research and as Head of TATA PMS investments during his association with Tata Asset Management Limited since May 2008. Prior to joining Tata Asset Management, he worked with Indiareit Fund Advisors Private Limited in their investments team and also held directorships to represent Indiareit Fund Advisors Private Limited on the boards of investee companies. He also worked as head of the corporate sector ratings group at Credit Analysis & Research Limited (CARE). Mr. Rupesh Patel is a graduate in engineering from Sardar Patel University, Gujarat and holds a masters in business administration from Sardar Patel University, Gujarat.


Performance Data

The Scheme is a new scheme & does not have any performance track record.


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Scheme Information
Objective

The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of it’s net assets in equity/equity related instruments of the companies in the Resources & Energy sectors in India.
However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Nature of the Scheme:

An Open Ended Resources & Energy Sector Scheme

Options / Plan
Regular Plan (Routed through Distributor)
  • - Growth
  • - Dividend
Direct Plan
  • - Growth
  • - Dividend
Entry Load
Not Applicable
Exit Load

1% of the applicable NAV, if redeemed or switch out from the scheme on or before expiry of 365 days from the date of allotment of units.

Min. Purchase Amount
5, 000/- & in multiple of 1/- thereafter.
Min. Additional Purchase Amt.
1, 000/- & in multiple of 1/- thereafter.
Min. Redemption Amt. / Units*
500/- or 50 units.
Systematic Investment Plan
Frequency No. of Installments Min. Installment Amt.
Monthly 12 500/-
6 1, 000/-
Quarterly 6 1, 000/-
4 1, 500/-
Systematic Withdrawal Plan

Available

Yes

Frequency

Monthly / Quarterly

Min.Withdrawal Amt.

500/-
STP
Available

*There is no minimum amount requirement in case unitholder is opting for an all units switch.


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