Tata Mutual Fund launches Tata Capital Builder Fund
July 19, 2006

Building capital in volatile markets

We live in an economy with a 25-year track record of uninterrupted growth. Patient medium-term investing in high-quality companies has been a proven path to capital building in the past. Tata Mutual Fund has a track record of over eight years in various equity-oriented products (Tata Pure Equity Fund, Tata Select Equity Fund, Tata Tax Savings Fund, and Tata Balanced Fund). These funds have helped investors create value for themselves in this long period.

  Annualised returns (per cent CAGR)

	1-year	3-year	5-year	8-year	Since inception
Tata Pure Equity Fund (TPEF) (More than 8 years since inception)	49.34	58.44	37.52	35.54	33.84 (12.47)
Tata Select Equity Fund (TSEF) (More than 10 years since inception)	53.43	58.32	39.40	31.68	20.59 (10.96)
Tata Tax Saving Fund (TTSF) (More than 10 years since inception)	28.57	51.41	37.07	36.15	26.75 (11.85)
BSE SENSEX	47.48	43.23	25.13	15.92
Tata Balanced Fund (TBF) (More than 10 years since inception)	31.60	39.81	27.88	23.80	17.17
Crisil Balanced Fund Index	25.21	25.38

(Data as on June 30, 2006. Past performance may or may not be sustained in future. Returns are given for growth option. Dates of allotment : TPEF – May 7, 1998, TSEF – May 24, 1996, TTSF – March 31, 1996, TBF – October 8, 1995. No figures are available for other periods of Crisil Balanced Fund Index. Data in brackets indicate benchmark returns for the corresponding period.)

The opportunity presented by a growing economy, growing companies and a vibrant stock market has potential for medium-term capital building. However, smart investors will need to remain unaffected by short-term market volatility and buy into industries and companies with medium-term earnings visibility based on strong fundamentals and proper research.

Tata Capital Builder Fund aims to build a diversified portfolio of such companies across market capitalisations.

Tata Capital Builder Fund
Tata Capital Builder Fund is a three-year, close-ended equity scheme that aims to generate long-term growth in equities by diversifying the portfolio across stocks that could either fall in the large-cap, mid-cap or small-cap category.

The fund has an initial period of three years when it is closed-ended and thereafter it automatically rolls over into an open-ended fund.

Whom is it suitable for
Tata Capital Builder Fund is a fund for the investor who believes in the medium-term compounding power of equities in a growing economy like India.

The fund has a focus on medium-term value creation for discerning investors who believe in the value creation opportunity of high-quality companies and businesses in India as mentioned earlier.

The fund provides for weekly exits during the period of its close-ended tenure after deducting an exit charge.

Key features of the fund

• Tata Capital Builder Fund is initially a three-year, close-ended equity scheme.
• Upon completion of three years, the scheme will automatically be converted into an open-ended scheme without any further reference from the mutual fund / trustee. Units outstanding under the scheme on the completion of 3 years will automatically continue under the open end scheme, without requiring any further reference from the unit holder.
• An Exit option is available to investors once a week during close-ended period and on all business days subsequent to the scheme’s conversion into an open end scheme.
• Two options for investment — dividend option and growth option.
  Minimum application of Rs 5,000/- and in multiples of Re1/- thereafter for each application for both the options.

To invest or for more information on Tata Capital Builder Fund, you can call the branches given below or send an email to kiran@tataamc.com.

Branches
West zone — Ahmedabad: (079) 55418989, 26466080, Bhopal: Swadesh Dubey - (0755) 4229379, Goa: Kaushal Shah - 9850368867, Indore: Atul Bhagtya: (0731) 4201806 / 7, Jabalpur: Nimish Bhangre - 9826339115, Mumbai: 56315191 / 2 / 3, Nagpur: Veerendra Kotherkar - 9373127111, Nashik: Santosh Trivedi-(0253) 5605138 / 2573689, Pune: (020) 56052827 / 8 / 9, Rajkot: Amit Desai - (0281) 5524848, 5544949, Surat: Harnish Rathod - (0261) 5554418 /19, Vadodara: Nutan Gupta - 9824557565, Vijay Pandya - 9824312354.

East zone — Bhubaneshwar: Gopabandhu Mohanty- (0674) 2533818, Dhanbad: Neeraj Anand - 9934174385, Durgapur: Mrinmoy Ukil - 9932241935, Guwahati: Bineet Singh - 9864176896, Jamshedpur: Anu Verma - 0657-2756021/22/23, Kolkata: Nikhat Budharaja - (033) 22881534 / 22883413 / 22883415. Patna: Ravi Shanker Prasad - 9835278003, Raipur: Ravi Mullick - (0771) 5537340, Ranchi: Amit Sinha - (0651) 2330704 / 2330226.

North zone — Agra: Dilip Kumar- 9335092813, Allahabad: Amit Jadoun- 9839600696, Chandigarh: Manmohan- (0172) 2605320, Dehradun: Sunil Ahuja - 9719127277, Delhi: Rinki- (011) 55303252 / 53, Jaipur: Sandeep Mathur- (0141) 5105177/78, Jodhpur: Himanshu Acharya- 9829652615, Kanpur: Nirmal- (0512) 2306066, Lucknow: Devendra Mani- (0522) 4001731, Ludhiana: Sumit Mahajan- (0161) 5089667, Moradabad: Deepanshu Kumar- 9837054178, Udaipur: Umesh Daila- 9829455338, Varanasi: Rakesh Kumar- (0542) 55446555, Jalandhar: Varun Gupta- 9876601508.

South zone — Bangalore: (080) 57561313, 55335986, 55335987, Calicut: Kishore Krishna- 9895072920, Chennai: (044) 24320032, 55510243, 24320033, Cochin: (0484) 2377580 / 520, Coimbatore: (0422) 5365635, Hyderabad: (040) 55961237/38, 55548290, Madurai: Gopal Subramanyam- 9894905546, Mangalore: Basavaraj- 9886972305, Mysore: Ganapathy- 9980523994, Vijaywada: Sudhir Simhadri- 9849999468, Vishakapatnam: Prakash 9885555900, Trichur: Harsha Mohan: 9895090489, Kottayam: Boby Paul 9447781954, Hubli: Pawan Kumar- 9880044750, Salem: Anand Raj- 9843798654, Trichy: Senthil Kumar- 9842995983, Trivandrum: Dhanish Kumar- 9249886732.

Nature of scheme: A three-year, close-ended equity fund with an automatic conversion into an open ended scheme on expiry of three years from the date of allotment. During the closed-ended period, a weekly exit option is available to investors. Sale at Rs 10/- per unit for cash at face value during the NFO and after conversion into an open-ended scheme at NAV-based price with applicable loads.

Minimum investment amount: Rs 5,000/- and in multiples of Re 1/- thereafter.

Investment objective: The investment objective of the scheme is to generate capital appreciation over a period of three years by investing predominantly in equity and equity-related instruments of companies across large, mid and small market capitalisation.

Investment pattern:

Equity: Minimum 70 per cent of funds available / net assets. Maximum of 100 per cent of funds available / net assets.

Debt, money market : Upto 30 per cent of funds available / net assets.

Applicable load structure for applications received during NFO period: Exit load: Nil.

New fund offer (NFO) expenses upto a maximum 6 per cent of the amount mobilised will be charged to the scheme and shall be amortised over a close-ended period. NAV publication and repurchase facility once every week during close-ended period and on all business days after conversion into an open-ended scheme. In case of redemption before expiry of close-ended period, proportionate unamortised NFO expenses will be recovered from the redemption proceeds of the investors.

Nature and investment objective:

Tata Balanced Fund: An open-ended balanced fund. To provide income distribution and/or medium to long-term capital gains while at all times emphasizing the importance of capital appreciation.

Tata Tax Saving Fund: An open-ended, equity-linked saving scheme. To provide medium to long-term capital gains along with income tax relief to its unitholders while at all times emphasising the importance of capital appreciation.

Tata Select Equity 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 preservation.

Tata Pure Equity 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 preservation.

Statutory details:
Constitution: Tata Mutual Fund has been set up as a trust under the Indian Trust Act, 1882. Investment Manager: Tata Asset Management. Trustee: Tata Trustee Company Pvt Ltd. Sponsors and settlors: Tata Sons Ltd., Tata Investment Corporation Ltd.
Risk Factors: All investments in mutual fund and securities are subject to market risks and there can be no assurance and no guarantee that the scheme will achieve its objective. As with any investment in stocks, shares and securities, the NAV of the Units issued under the scheme may 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 are not indicative of and do not guarantee the future performance of the previous schemes. Tata Capital Builder Fund, Tata Balanced Fund, Tata Pure Equity Fund, Tata Select Equity Fund, Tata Tax Saving Fund are only the names of the schemes and do not in any manner indicate either the quality of the schemes, future prospects or 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 lac made by them towards setting up the Mutual Fund. For scheme specific risk factors and other details please read the offer document carefully before investing. For offer documents and application forms, please contact your nearest collection centres / AMC offices.