Tatas launch Indo-global infra fund

Mumbai, September 3, 2007: Tata Mutual Fund today announced the launch of Tata Indo-Global Infrastructure Fund, a close ended equity scheme with a maturity of 3 years. Upon completion of 3 years, the scheme will automatically be converted into an open-ended scheme. The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in infrastructure and infrastructure related sectors and which are incorporated or have their area of primary activity, in India and other parts of the world.

The New Fund Offer, priced at Rs.10 per unit will open for initial subscription from September 3, 2007 and close on October 16, 2007. The fund will invest 65% - 85%* in Equity and Equity related instruments of domestic companies, 15% - 35%*, in Foreign Securities as permitted by SEBI/RBI and upto 35% in Debt and Money Market Instruments.

Speaking on the occasion, Mr. Ved Prakash Chaturvedi, Managing Director, Tata Asset Management Limited said, "Infrastructure will be the big growth story in India and in other parts of the world, which are in the same stages of development like India. The benefits of investing in global listed infrastructure securities is that these companies typically display a strategic comparative advantage, economies of scale and relatively inelastic demand, thereby appealing to a broad range of investors seeking access to global investing opportunities. With the launch of the Tata Indo-Global Infrastructure Fund, we have endeavoured to provide investors an opportunity to earn stable returns by investing in infrastructure assets across diversified geographic regions. This fund adds to our range of Equity products offered and caters to the growing segment of equity investors looking at global investing opportunities in a high growth sector like infrastructure. We invite you to check our performance of Infrastructure fund and other equity funds"

About TATA Mutual Fund

Tata Mutual Fund (TMF) has been set up as a Trust under the Indian Trust Act 1882 with over Rs. 20,480.52 crores (as on July 31, 2007) worth of assets across its varied offerings. Tata Mutual Fund offers an investment option for everyone, with a broad range of managed investment products in various asset classes and risk parameters, with operational flexibility to suit their varied investment needs.

Tata Asset Management Ltd is a part of the Tata group, one of India's largest and most respected industrial groups, renowned for its adherence to business ethics. By combining ethical values with business acumen, globalisation with national interests and core businesses with emerging ones, the Tata Group aims to be the largest and most respected global brand from India. This way, it fulfils its long-standing commitment to improving the quality of life of its stakeholders.

Key Facts about the New Fund Offer Scheme classification and investment objective: Tata Indo-Global Infrastructure Fund (TIGF) is a 3 years close-ended equity scheme. Upon completion of 3 years, the Scheme will automatically be converted into an open-ended scheme, without any further reference from the Mutual Fund/Trustee/ Unitholders. The fund seeks to achieve capital appreciation through investments in companies engaged in infrastructure and infrastructure related sectors and which are incorporated or have their area of primary activity, in India and other parts of the world. Asset allocation: Equity and Equity related instruments of domestic companies*: 65% - 85%, Foreign Securities* as permitted by SEBI/RBI: 15% - 35%, Debt and Money Market Instruments: Upto 35%.Terms of the offer: The Units are being offered at Rs. 10/- per unit for cash at face value during the New Fund Offer. Minimum Investment Amount: Rs. 10,000 and in multiples of Re. 1 thereafter. Two Options for Investment: Dividend Option and Growth Option. NAV publication: Once every week i.e. on each Wednesday during close ended period and on all business days subsequent to the scheme's conversion into an open end scheme. Applicable Load Structure & Repurchase facility: Exit Load: Nil Repurchase facility: First Wednesday of every month (immediately next business day if such Wednesday is a Holiday). New Fund Offer Expenses not exceeding 6% of the amount mobilized will be charged to the Scheme and shall be amortised over a close ended period. In case of redemption before expiry of close ended period, proportionate unamortized NFO expenses will be recovered from the redemption proceeds of the investors. Investors are urged to study the terms of the Offer carefully before investing. Risk Factor: All investments in Mutual Funds and securities are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. As with investment in stocks, shares and securities, the NAV of the Scheme can go up or down depending on factors and forces affecting the Capital Market. The Past performance of the previous schemes of TATA Mutual Fund, or its group affiliates are not indicative of and do not guarantee future performance of the Scheme. Tata Indo-Global Infrastructure Fund is only the name of the scheme and does not in any manner indicate either the quality of the schemes, its future prospects or returns. The Investment in foreign Securities in subject to various risks such as currency fluctuations, restrictions on repatriation, changes in regulations, political, economic and social instability and the prevalent tax laws of the respective jurisdictions. The Mutual Fund is not guaranteeing or assuring any dividend under the scheme and the payment of the dividend is subject to availability of distributable surplus. The investments made by the schemes are subject to external risks. Please read the offer document carefully before investing. Offer Documents / Application Form are available free of cost at any of the Investor Service Centres or distributors or from the website www.tatamutualfund.com. Statutory Details: Constitution: Tata Mutual Fund (TMF) has been set up as a Trust under the Indian Trust Act 1882. Sponsors: Tata Sons Limited and Tata Investment Corporation Limited. Trustee: Tata Trustee Company Pvt. Ltd. Investment Manager: Tata Asset Management Ltd. For scheme specific risk factors and other details please read the offer document carefully before investing. l Copy of Offer Document and Key Information Memorandum along with application form may be obtained from the office of Tata Mutual Fund, Fort House, 221, Dr. D. N. Road, Mumbai 400 001 or at your nearest collection centres.

*predominantly in companies engaged in infrastructure / infrastructure related sectors. (It also includes units of overseas mutual funds and exchange traded funds which invest predominantly in equity / equity related instruments of companies engaged in infrastructure sectors and infrastructure related sectors).