TATA ASSET MANAGEMENT TO START A NATURAL RESOURCES FUND

Tata Asset Management Ltd on Thursday sought approval from the market regulator to launch an open-end equity fund to invest in firms engaged in natural resources. Tata Natural Resources Fund will invest at least 65 per cent of its assets in companies discovering, developing, producing or distributing natural resources, the fund house said in its offer document. The fund can invest up to 35 per cent of the assets in stocks of other companies, debt and money market