Tata Mutual Fund launches Tata Housing Opportunities Fund

Tata Mutual Fund has launched Tata Housing Opportunities Fund, an open-ended equity scheme following the housing theme. The New Fund Offer (NFO) is currently open and will close on 29.

Tata Housing Opportunities Fund is an open-ended fund that will invest in a portfolio of companies that mainly supply the materials, products, and services that go into building a house. This is an opportunity to potentially create wealth for your future, by investing in companies whose products you may purchase.

"A house is one of the most cherished investments that we make. And this could be an opportunity to potentially generate long term wealth from such investments. This is a more structural offering rather than a time-bound tactical portfolio. Many of the companies that fit into this theme also benefit from the demographic dividend of our country in the form of a rising per-capita incomes, increasing urbanisation, rising middleclass, nuclear families, young and educated workforce etc. Thus, the portfolio would qualify as a good long-term investment," said Tejas Gutka, the fund manager.


"The NIFTY Housing Index (TRI) - is broader, in the sense that it has a wider industry classification. In our view, some of these businesses are indirect beneficiaries of the real estate sector. A large part of our portfolio expected to be direct beneficiary of a housing up-cycle and as such, our portfolio will have a reasonable divergence from the benchmark. We will thus focus on more bottom-up stock selection based on our research framework. The overall portfolio will be guided by our house philosophy of Growth-At-A-Reasonable-Price (GARP)”.