Mizuho Bank — Japan's second largest commercial bank — has recently adopted the feeder fund to the offshore fund of Tata Asset Management for channeling investments of its customers into India. This is the only fund dedicated to India that will be sold by the second largest bank network in Japan.

This is an important recognition of the fund management capabilities of Tata Asset Management, who were chosen ahead of many competing global fund managers. This also signifies India's emergence as a preferred investment destination among retail investors in the developed world.

The offshore fund managed by Tata Asset Management has witnessed increasing investment interest among Japanese investors. Over 30,000 Japanese investors have invested roughly $700 million into the offshore fund.

Tata Asset Management is a leading player in the mutual fund arena and offers a wide array of products across the risk-reward spectrum for every financial need at various life-stages. Tata Mutual Fund currently manages over $4.4 billion as on June 30, 2007 with an investor base of over 1.2 million across the country.