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Tata MF launches Dividend Yield Fund
May 03, 2021
NFO to close on May 17
Tata Mutual Fund has launched new fund offer of Dividend Yield Fund, an open-ended equity scheme predominantly investing in dividend yielding stocks. The NFO, which opened on Monday, will close on May 17.
The new fund aims to provide capital appreciation by predominantly investing in a well-diversified portfolio of equity and equity-related instruments of dividend yielding companies.
Rahul Singh, CIO (equities), Tata Asset Management said given the evolving macro risks to earnings at the current valuation, volatility is here to stay in the short term. “In this back drop, we are launching a fund which would give an opportunity to earn regular dividend with capital appreciation,” he added.