Tata MF launches “Tata Dual Advantage Fund Series 2 Scheme
A (1133 Days)”; NFO to close on September 05
26/08/2014 11:25
Tata Mutual Fund has launched a new close ended income scheme named “Tata Dual Advantage Fund Series 2 Scheme A (1133 Days)” with maturity period of 1133 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 22 and will close on September 05. 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 options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Amit Somani and Rupesh Patel will be the Fund Managers 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 a portfolio of debt & money market instruments, Securitised Debt and Equity & Equity related Instruments including derivative instruments (options/futures). Hence, the scheme will allocate 70 to 95 per cent of asset in debt & money market instruments, Securitised Debt and 5 to 30 per cent of asset in Equity & Equity related Instruments including derivative instruments (options/futures).
26/08/2014 11:25
Tata Mutual Fund has launched a new close ended income scheme named “Tata Dual Advantage Fund Series 2 Scheme A (1133 Days)” with maturity period of 1133 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 22 and will close on September 05. 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 options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Amit Somani and Rupesh Patel will be the Fund Managers 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 a portfolio of debt & money market instruments, Securitised Debt and Equity & Equity related Instruments including derivative instruments (options/futures). Hence, the scheme will allocate 70 to 95 per cent of asset in debt & money market instruments, Securitised Debt and 5 to 30 per cent of asset in Equity & Equity related Instruments including derivative instruments (options/futures).
