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Thursday, May 29, 2014

Tata Dual Advantage Fund Series 2 files offer document with Sebi

A close-ended income fund 

Tata Mutual Fund has filed offer document with Sebi to launch Tata Dual Advantage Fund Series 2, a close-ended income fund. The New Fund Offer price is Rs 10 per unit. It comprises of 5 schemes namely scheme A, B,C,D, E (maturity upto 60 months from the date of allotment of units). 

Investment objective: The schemes are close ended debt funds and its objective is to generate income and / or capital appreciation by investing predominantly in portfolio of fixed income instruments having maturity on or before the date of the maturity of the respective schemes. The schemes will invest small portion (upto 30%) of the schemes assets in equity/equity related instrument including derivative instruments. In case of investment in equity derivatives, the derivative contract shall have expiry before the maturity of the schemes. 

Options/plans: Growth and dividend (payout) options under both plan A and direct plan.
Benchmark: CRISIL MIP Blended Index 

Entry Load (During NFO): NA 

Exit Load (Upon Maturity): Nil 

Minimum Application Amount: Rs.5,000 and in multiples of Re 1 thereafter. 

Minimum Target Amount: Rs 20 crore for each scheme 

Asset Allocation: 

For scheme(s) upto 36 months maturity: The scheme shall invest 80-95% in debt and money market instruments, securitised debt and 5-20% in equity and equity related instruments including derivative instruments (options/futures) 

For scheme(s) between 36 to 60 months maturity: The scheme shall invest 70-95% in debt and money market instruments, securitised debt and 5-30% in equity and equity related instruments including derivative instruments (options/futures) 

Fund Managers: Amit Somani (For Debt) and Rupesh Patel (For Equity)
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