Tata Mutual Fund launches Tata Dividend Yield Fund
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Last Updated: May 04, 2021, 08:20 AM IST
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Synopsis
Tata Mutual Fund has announced the launch of Tata Dividend Yield Fund, an open-ended equity scheme predominantly investing in dividend yielding stocks.
Tata Mutual Fund has announced the launch of Tata Dividend Yield Fund, an open-ended equity scheme predominantly investing in dividend yielding stocks. The NFO will be open for subscription till May 17. The investment objective of the fund is to provide capital appreciation and dividend distribution by predominantly investing in a well-diversified portfolio of equity and equity related instruments of dividend yielding companies.
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.
Power Grid InvIT mops up ₹ 3,480 crore from 47 anchor investors
K.R.Srivats
New Delhi |
Updated on
April 29, 2021
Public issue of Power Grid InvIT opens today; price band is ₹ 99-100 per unit Maharana company Power Grid Corporation’s InvIT offering got off to a strong start, with the anchor book seeing a mop-up of ₹ 3,480 crore on Wednesday from 47 institutional investors that included many international and leading domestic funds. The amount mobilised through the anchor book accounted for nearly 45 per cent of the targeted ₹ 7,735 crore from the public issue.
The public issue of this InvIT, first ever from a public sector company, opens on Thursday and has a price band of ₹ 99-100 per unit.
Synopsis
The Reserve Bank of India has decided to hold policy rates in its bi-monthly monetary policy meeting held from 5-7 April.
Agencies
The Reserve Bank of India has decided to hold policy rates in its bi-monthly monetary policy meeting held from 5-7 April. The central bank kept the policy repo rate unchanged at 4.00% and reverse repo rate at 3.35% in the April policy meet. The RBI has also decided to continue with its accommodative stance. The Monetary Policy Committee (MPC) met on 5th, 6th and 7th April, 2021 and deliberated on current and evolving macroeconomic and financial developments, both domestic and global. The MPC voted unanimously to leave the policy repo rate unchanged at 4 per cent. It also unanimously decided to continue with the accommodative stance as long as necessary to sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target going forward. The marginal standin