Bangalore: The open ended Tata Growing Economies Infrastructure Fund has topped the mutual fund scheme in the week ended February5, 2010 with a growth rate of 1.4 percent. As on February 5, the net asset value (NAV) of the scheme is Rs.10.98.

Investment objective of the scheme is to generate capital appreciation / income by investing predominantly in equities of companies in infrastructure & other related sectors in the growing economies of the world & in India. The investment focus would be guided by the growth potential & other economic factors of the countries. At least 51 percent of the net assets would be invested in geographies outside India. According to mutualfundsindia.com, other mutual fund schemes which followed Tata Growing Economies Infrastructure Fund are Kotak Indo World Infrastructure Fund, Franklin FMCG Fund, Franklin Pharma Fund and ING OptiMix RetireInvest Fund with growth rates of 0.72, 0.57, 0.52 and 0.36 percent, respectively.

The minimum investment for the scheme is Rs.10,000 and there is no any entry load charge. The face value of scheme is fixed at Rs.10 per unit. Mahendra Jajoo has been appointed as the Fund Manger of the scheme which has the fund size of Rs. 38.57 crore, as on January 29, 2010.