Tata Mutual Fund

About Tata Mutual Fund

Mutual funds are essential investment vehicles made up of the money of several individuals sharing a similar financial objective. A fund manager oversees the money collected from different investors and invests it in various financial instruments, including business stocks, bonds, and shares.

One of India’s most reputable and well-regarded mutual fund companies is Tata Mutual Funds. It provides investment possibilities for many societal groups like salaried workers, business owners, retirees, homemakers, conservative capital creators, and aggressive investors. The goal of TATA MF is to produce consistent long-term returns on its assets through the use of an open and well-defined methodology for risk management.

To provide investment solutions that would aid investors in financial planning and wealth growth, Tata Mutual Fund was founded in 1994. It started small but has become one of India’s top Asset Management Companies.

TATA MF provides a wide selection of close-ended funds, solution-oriented schemes, and mutual fund products in the equity, debt, and hybrid categories. It uses its intellectual capital and robust risk management to produce consistent profits on its product offerings. Tata Mutual Fund strives for overall excellence within the framework of robust risk controls that are open and visible.

Types of TATA Mutual Funds

TATA Mutual Funds offers 227 schemes spread over various categories based on certain characteristics such as asset class, structure, investment objectives, and risk. The type of TATA mutual funds are:  

Equity

These are funds that invest in company equities and shares. TATA mutual funds offer substantial returns but are regarded as high-risk. Speciality funds for equity investments can be found in the banking, fast-moving consumer goods, and infrastructure sectors, to name a few. TATA mutual fund offers 91 schemes under equity.

Debt

These funds invest in fixed income assets like government bonds, corporate debentures, and other debt instruments. They offer fixed returns and are regarded as secure investments. These funds do not withhold taxes from investors’ earnings at the source. Thus, if those earnings exceed INR. 10,000, the investor is responsible for covering the tax bill. TATA MF offers 100 schemes under debt. 

Hybrid

Tata Motors Mutual Fund offers 28 schemes under the hybrid category. These funds invest across a range of asset classes. In some situations, the ratio of equity to debt is higher than in others, and vice versa. This creates a balance between risk and reward. This is true because the risk in the debt markets is smaller than in equity markets. 

Liquid

This type of TATA MF, invests money primarily in short- or extremely short-term products, such as T-Bills, CPs, etc., to provide liquidity. They are regarded as low-risk investments with moderate returns best suited for investors with short investment horizons. There are four schemes with promising performance.

ELSS or Tax-Saving

These funds primarily invest in stock shares. Under the Income Tax Act, investments made in these funds are eligible for deductions. They are regarded as having high risk, but if the fund does well, this TATA mutual fund provides investors with returns in increased profits. Four schemes are offered under this category.

Overnight Funds 

Debt funds that invest in securities with a one-day residual maturity are known as overnight funds. SEBI’s mutual fund reclassification initiative included the introduction of this new category of debt funds in 2018. Four schemes are offered under this scheme.

How can you invest in TATA Mutual Funds?

With TATA mutual funds in charge of your portfolio, you will experience a diversification in your portfolio with minimal risk. The process to invest in these funds is mentioned above:

Online Investment

The following steps must be followed while investing in TATA mutual funds online:

• One can log in to their account on the official TATA mutual fund website. 
• Scroll through the schemes mentioned in the ‘Products’ section
• Choose the best fit for you
• Fill in the required details in the application form
• Upload the scanned copies of documents for KYC
• Proceed to the payment section and make your initial deposit
• You will be guided to your portfolio

Documents to Invest in TATA Mutual Fund

The documents required to invest in TATA mutual funds are:

Identity Proof 

Any one of the following documents may be submitted:

• Permanent Account Number (PAN)
• Passport
• Voter card
• Driving license
• Aadhaar card
• NREGA job card
• Any other document approved by the Central Government

Address Proof

Any one of the following documents may be submitted:

• Passport
• Voter card
• Driving license
• Aadhaar card
• NREGA job card
• Any other document approved by the Central Government