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Tata Dividend Yield Fund: NFO review
Synopsis
Tata Dividend Yield Fund portfolio would largely consist of companies paying dividends higher than the market
Tata Mutual Fund has launched a new scheme: Tata Dividend Yield Fund. The NFO will be open for subscription till May 17. The fund will be managed by Sailesh Jain.
Dividend yield funds invest in companies which pay higher dividends. Fund managers believe that these companies are trading at reasonable valuations which makes them good bets in the current market. But is this new fund a good option for retail investors?
The dividend yield funds
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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.