Tata Mutual Fund has launched a 1,103 day close-ended equity scheme, Tata Value Fund-Series 1. The new fund offer will open until July 6. This scheme will focus on investing in stocks that trade at a discount to their intrinsic value. The scheme will invest at least 80% of its assets in stocks, while the rest will be invested in debt and money market instruments. Further, the minimum application should be of Rs.5,000 and in multiples of one rupee thereafter.