As far as I can see, this is going to create history. A great mutual fund company with a great concept with great plans. So, there is definitely going to be great returns too
I am speaking about the new TATA GLOBAL INFRASTRUCTURE FUND (TIGIF)- A closed-ended fund with a lock in period of 3 years aiming to exploit the potentials of Infrastructure
Global Infrastructure – A Growth StoryAs populations grow across the world and countries begin to adopt a free market economy, natural growth forces start driving economic prosperity. This economic prosperity then drives people to aspire for better quality of life, which in turn leads companies to aspire for higher business growth to service these aspirations. To support higher growth and better quality of life, the need for quality infrastructure comes to the fore.
“The wheels of any economy move on its infrastructure”
Introducing Tata Indo-Global Infrastructure Fund
We have been among the pioneers in the Indian infrastructure sector through Tata Infrastructure Fund, a scheme dedicated to the infrastructure sector. We believe our experience will help in offering you ideal opportunities to invest in the future of Indian and overseas infrastructure. We now introduce, Tata Indo-Global Infrastructure Fund. This fund provides wealth creation opportunities through Infrastructure projects in India and other countries.Tata Indo-Global Infrastructure Fund is a 3 years close-ended equity scheme. Upon completion of 3 years, the Scheme will automatically be converted into an open-ended scheme, without any further reference from the Mutual Fund/Trustee/Unit holders.The investment focus would be guided by the growth potential and other economic factors of the countries. Looking at the current global economic outlook and estimates of infrastructure spending, the fund managers expect to have a focus on investment opportunities in India and other growing economies.
Growth competitiveness and Infrastructure
Evidence shows that high quality infrastructure is an important requirement for a country’s growth competitiveness. The rapid growth story of East Asian countries on the back of high quality infrastructure is known. We are witnessing this in India and in many other countries.In India, the dominant stock market theme over the last few years has been infrastructure. Many emerging countries like India are at the threshold of growth and transformation. This has led to an opening up of potential investment opportunities in these countries linked to investment and growth in infrastructure.
Advantages of Tata Indo-Global Infrastructure Fund
Advantage of past experience – Tata Mutual Fund has experience in the infrastructure sector through managing the Tata Infrastructure Fund.
Advantage of spends on Indian and Global Infrastructure – Investors can now, for the first time, tap the wealth creation potential of both Indian and global infrastructure development.
Advantage of Diversification – Investment across a range of infrastructure assets and low co-relation with traditional asset classes leads to opportunity to reduce portfolio risk.
Advantage of need to build Infrastructure locally – Infrastructure cannot be imported and has to be built by local companies. Hence experience shows that local companies benefit from infrastructure spends.
The NFO closes on 16 October 2007. Download the forms
The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in infrastructure and infrastructure related sectors and which are incorporated or have their area of primary activity, in India and other parts of the world.
Sale at Rs. 10/- per unit for cash at face value during the New Fund Offer.
Minimum Investment Amount: Rs. 10,000 and in multiples of Re. 1 thereafter.
Investment Pattern :
Equity and Equity related instruments of domestic companies*: 65% – 85%,
Foreign Securities* as permitted by SEBI/RBI: 15% – 35%,
Debt and Money Market Instruments: Upto 35%.
Two Options for Investment:
Dividend Option and Growth Option.
*Conditions apply. Mutual Fund investments are subject to market risks. Please read the offer documents carefully before investing
To get your funds invested, please do get in touch with me and I shall send you the forms. If you are investing voluntarily, please do add my ARN number and sub-broker code, given under, so that I will get some benefit too