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Mutual Fund Review: TATA DIVIDEND YIELD FUND

 Ø      LAUNCHED October 2004

Ø      NAV 52 WEEK: High 36.9 Low 29.6

Ø      EXPENSE RATIO 2.39%

Ø      NET ASSETS (Cr) 179 crore (Mar 2011)

Ø      BENCHMARK: Sensex

Tata Dividend Yield has performed consistently since 2007 and investors have little reason to quit the scheme. New investors can take a plunge too. But they must exercise caution as the scheme is high on mid-cap stocks which pose a relatively higher risk in volatile markets

 

The scheme invests in stocks that have a dividend yield higher than that of Sensex stocks, which is currently about 1.1%. The average dividend yield of the fund's portfolio is about 2.2%, which cannot be said to be high. But the scheme has delivered in all phases, come rain or shine given its strategy to invest in businesses that are high on capital efficiency. The scheme is optimistic on the FMCG sector, despite its high valuations because it is also high on capital efficiency. The fund manager believes that brands and pricing power will help select companies to do well. Going forward, the scheme aims to invest in stocks that have already witnessed a de-growth in valuations.

OBJECTIVE


• The scheme aims to optimise returns by investing a minimum of 70% of assets in stocks that have higher dividend yield than the Sensex. Other stock selection criteria includes management and business competitiveness, and growth prospects of the company.


 

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Also, know how to buy mutual funds online:

 

1) DSP BlackRock Mutual Funds:

http://prajnacapital.blogspot.com/2011/05/buying-dsp-blackrock-mutual-funds.html

 

2) Reliance Mutual Funds:

http://prajnacapital.blogspot.com/2011/06/buying-reliance-mutual-funds-online.html

 

3) Birla Sunlife Mutual Funds:

http://prajnacapital.blogspot.com/2011/06/buying-birla-sunlife-mutual-funds.html

 

4) UTI Mutual Funds:

http://prajnacapital.blogspot.com/2011/06/buying-uti-mutual-funds-online.html

  

5) SBI Mutual Funds:

http://prajnacapital.blogspot.com/2011/06/buying-sbi-mutual-funds-online.html

 

6) Edelweiss Mutual Funds:

http://prajnacapital.blogspot.com/2011/06/buying-edelweiss-mutual-funds-online.html

 

7) IDFC Mutual Funds:

http://prajnacapital.blogspot.com/2011/06/buying-idfc-mutual-funds-online.html

 

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