Tata MF’s NFO to close on Sept 18
16/09/2014 11:10
Tata Mutual Fund has launched a new close ended debt scheme named “Tata Fixed Maturity Plan Series 48 - Scheme F (1100 days)” with maturity period of 1100 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 September 08 and will close on September 18.
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 5,000 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 Composite Bond Fund Index. 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 a portfolio of debt instruments and money market instruments. Hence, the scheme will allocate 85 to 100 per cent of asset in debt instruments and 0 to 25 per cent of asset in money market instruments.
16/09/2014 11:10
Tata Mutual Fund has launched a new close ended debt scheme named “Tata Fixed Maturity Plan Series 48 - Scheme F (1100 days)” with maturity period of 1100 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 September 08 and will close on September 18.
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 5,000 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 Composite Bond Fund Index. 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 a portfolio of debt instruments and money market instruments. Hence, the scheme will allocate 85 to 100 per cent of asset in debt instruments and 0 to 25 per cent of asset in money market instruments.
