Tata MF launches new close-ended debt scheme

Posted By: Religare
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Tata MF launches new close-ended debt scheme
Tata Mutual Fund launched a new close-ended debt scheme called “Tata Fixed Maturity Plan Series 37 Scheme E", having maturity time of 95 days from the date of allotment.

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit and NFO opened on December 2, 2011 for subscription and closed on December 7.

According to the offer document filed with SEBI, the entry load is nil and exit load charge will not be applicable. The minimum subscription amount is Rs 10,000 and two options are available under the Plan of the Scheme viz. growth and Dividend option, with the latter having a dividend payout facility.

The performance of the scheme will be standardized against Crisil Liquid Fund Index and Murthy Nagarajan will be the Fund Manager the scheme.

The asset allocation of scheme will be in such a way that the objective of the scheme to generate income and capital appreciation will be met, through investments in wide range of Debt and Money Market instruments. Hence, the scheme will allocate 100 per cent of assets in Debt and Money Market instruments.

Dion Global Solutions Ltd

Read more about: mutual funds, nfo, fmp, sebi, investment
Story first published: Thursday, December 8, 2011, 13:31 [IST]
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