Tata Focused Equity Fund
Investors could avoid the new fund offering (NFO) of Tata Focused Equity Fund and opt for funds in this category with a track record, according to financial planners.
“Focused funds run concentrated portfolios where stock picking is most crucial. One needs a demonstrated track record before allocating money,” says Harshvardhan Roongta, chief financial planner, Roongta Securities, a Mumbai-based financial planner. Roongta believes there is no compulsion for an investor to invest in an NFO and he should wait
Frequent churn in the top management as well as fund management team at Tata Mutual Fund have been a cause of worry for investors in the past. Financial planners feel a stable fund management team is a prerequisite before recommending an actively managed equity mutual fund (MF) scheme.
Tata Focused Equity Fund is the fourth NFO from Tata Asset Management in the last 15 months. It had earlier launched NFOs of Tata Balanced Advantage Fund, Tata Multi cap Fund, Tata Nifty Private bank ETF. After Sebi norms on scheme categorization, fund houses have been launching schemes to complete their product suite.
Tata Focused Equity Fund, an open-ended equity scheme is currently open and will close on November 29. A multi cap fund under the focused category which will be managed by Rupesh Patel, the scheme will have a concentrated portfolio of up to 30 stocks across market caps.
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