Equity Plus Absolute Returns Fund - Tata Asset Management Ltd

The investment objective of the fund is to conduct investment activities as a category III AIF and adopt a ‘dual’ portfolio strategy. Creating a Core Portfolio and Derivative Portfolio to generate long term capital appreciation, with lower volatility compared to index.1.Core Portfolio: allocations are made to Equities (multi-cap) and Fixed Income/cash equivalents. The allocation between Equities and Fixed Income is dynamic and will depend on market outlook, available opportunities, and risk reward associated with each investment. 2.Derivative Portfolio: To generate consistent incomes and cash flows, long and short trades are taken to benefit from short term thematic and trading opportunities. The fund primarily takes positions in stock futures and can use index positions as well. Additionally, the derivatives portfolio can be used to hedge some of the existing positions in Core portfolio tactically.