Tata MF aims Rs 600 cr via IPO
The Economic Times — June 1, 2005

Tata Mutual Fund is targeting to collect about Rs 500-600 crore from the initial offering for its mid cap mutual fund, an open-ended equity fund. The initial issue period started on May 19 and is slated to close on June 15.

The Mid Cap companies present opportunity for good long-term growth and wealth creation, on the back of expansion of the Indian industry, Tata MF managing director Ved Prakash Chaturvedi told reporters on Tuesday.
The mutual fund would target retail investors to mop up funds during initial offering and expects to raise about Rs 500-600 crore, he said.

Indian mid cap corporates are expected to show a 20 per cent annual growth in the next two years. The prospects for high returns are accompanied by risks of current high valuation, he added.

The key to manage risks was disciplined and research based stock picking approach and the fund would hold 30-40 mid cap stock in investment portfolio of the scheme, he added