Tata Mutual Fund, a pioneer in the infrastructure mutual fund space in India, is all set to introduce its new offering called Tata Indo-Global Infrastructure Fund. This new fund offer opens on September 3, 2007 and closes on October 16, 2007.

The fund provides wealth creation opportunities through investment in infrastructure-listed equities in India and other countries. The company believes that its experience will help identify opportunities in Indian and overseas infrastructure related equities through this NFO. It adds that it will partner global organisations that will help in identifying opportunities abroad.

Tata Mutual Fund has been among the pioneers in the Indian infrastructure sector through Tata Infrastructure Fund which was India's first mutual fund dedicated to infrastructure and related sectors. This fund was launched over 30 months ago.

The advantages of Tata Indo-Global Infrastructure Fund are as follows:

• Advantage of past experience: Tata Mutual Fund has experience in the infrastructure sector through managing the Tata Infrastructure Fund.
• Advantage of spends on Indian and global infrastructure: Indian investors can now, for the first time, tap the wealth creation potential of both Indian and global infrastructure development.
• Advantage of diversification: Investment across a range of infrastructure assets and low co-relation with traditional asset classes leads to opportunity to reduce portfolio risk.
• Advantage of need to build infrastructure locally: Infrastructure cannot be imported and has to be built by local companies. Hence experience shows that local companies benefit from infrastructure spends.

Key features of the fund:

• 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 / unit holders.
• The investment focus would be guided by the growth potential and other economic factors of the countries. Looking at the current global economic outlook and estimates of infrastructure spending, the fund managers expect to have a focus on investment opportunities in India and other growing economies.
• Dividend and growth options available.

Minimum application amount Rs10,000 and in multiples of Re1 thereafter.