For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Tata MF launches "Tata Fixed Maturity Plan Series 43- Scheme E (1095 days maturity)"

By Religare
|

Tata Mutual Fund has launched a new close ended debt scheme named "Tata Fixed Maturity Plan Series 43- Scheme E (1095 days maturity)" with maturity period of 1095 days from the date of allotment.

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 26 and will close on September 5.

According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.

 

The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter. The two options available under the Plan of the Scheme are Growth and Dividend option.

The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index and Amit Somani will be the Fund Manager of the scheme.

The asset allocation of scheme will be in such a way that the objective of the scheme to generate income and/or capital appreciation will be met by investing in wide range of fixed income instruments having maturity in line with the maturity of the scheme. Hence the scheme will allocate 75 to 100 per cent of asset in debt instruments and 0 to 25 per cent in money market instruments.

Read more about: tata mutual fund
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more