Tata Equity Opportunities Fund has declared a dividend of 8 per cent (Rs 0.80 per unit on the face value of Rs 10) in its dividend option. 

This is the eighth dividend declared by the fund in 15 months, the earlier ones being 7 per cent dividend (cum dividend NAV Rs 13.0036) on September 7, 2004, 10 per cent dividend (cum dividend NAV Rs 14.33) on March 4, 2004, 10 per cent dividend (cum dividend NAV Rs 15.13) on January 16, 2004, 12 per cent dividend (cum dividend NAV Rs 15.49) on December 18, 2003, 14 per cent dividend (cum dividend NAV Rs 15.07) on November 18, 2003, 18 per cent dividend on October 15, 2003 (cum dividend NAV Rs 14.99) and 21 per cent dividend (cum dividend NAV Rs 13.73) declared on August 12, 2003. Past performance may or may not be sustained in future.

Tata Equity Opportunities Fund (TEOF) is an open-ended diversified equity fund, which researches companies and opportunities in the equity markets on a bottom up basis. It aims to pick up stocks ahead of the market and on an ongoing basis book profits to enter further new opportunities. It is expected to follow a proactive dividend distribution policy in line with its fund management approach and would endeavour to declare a large part of booked profits as dividend (in the dividend plan).

As on November 9, 2004, the cum-dividend NAV of TEOF (Dividend Option) was Rs 13.5968.

The record date for the above dividend was November 9, 2004.

After payment of dividend, the NAV usually falls to the extent of the payout. 

Nature and investment objectives: Tata Equity Opportunities Fund: An open ended equity fund. To provide income distribution and / or medium to long term capital gains while at all times emphasising the importance of capital appreciation. Entry Load (other than SIP): For Investment amount >= Rs 2 crore or more Nil. For Investment amount < Rs 2 crore: 2.25 per cent. No entry load will be charged on investment made by the fund of Fund Scheme Exit Load: NIL. For SIP: No Entry load, Exit Load: If redeemed on or before expiry of 365 days – 2.25 per cent. If redeemed after 365 days – Nil.

Statutory Details: Constitution: Investment Manager: TATA ASSET MANAGEMENT LTD. Trustee: TATA TRUSTEE COMPANY PVT. LTD. Tata Mutual Fund has been set up as a trust under the Indian Trust Act, 1882. Sponsors & Settlors: Tata Sons Ltd., Tata Investment Corporation Ltd.

Risk Factors: 

• Mutual Fund and securities are investments subject to market risks and there can be no assurance and no guarantee that the scheme will achieve its objectives. 
• As with any investment in stocks, shares and securities the NAV of the units under the scheme can go up or down, depending upon the factors and forces affecting the capital market.
• Past performance of the previous Schemes, the Sponsors or its Group affiliates is not indicative of and does not guarantee the future performance of the Scheme.
• Tata Equity Opportunities Fund is only the name of the Scheme and does not in any manner indicate either the quality of the Scheme, its future prospects or the returns. 
• The sponsors are not responsible or liable for any loss resulting from the operations of the scheme beyond the initial contribution of Rs 1 lakh made by them towards setting up the fund.
• Investments in mutual funds are subject to market risks.
• For scheme specific risk factors and other details, please read the offer document carefully before investing.