Tata Mutual Fund on Monday announced the launch of Tata Multi-sector Passive FoF, an open-ended fund of fund (FoF) scheme investing in units of passive equity mutual fund schemes across multiple sectors and the scheme seeks to generate long-term capital appreciation through active allocation to passive sector-oriented funds and ETFs.
The new fund offer or NFO of the fund is open for subscription and will close on July 6. The scheme will re-open for continuous sale and repurchase on July 14.
