NFO period is from 11 June to 23 June 2014
Tata Mutual Fund has launched a new fund named as Tata Dual Advantage Fund – Scheme C, a close ended income fund. The tenure of the plan is 1103 days from the date of allotment. The new fund offer price for the scheme is Rs 10 per unit. The new issue is open for subscription from 11 June to 23 June 2014.
The primary objective of the scheme is to seek to generate income and / or capital appreciation by investing predominantly in portfolio of fixed inclome instruments having maturity on or before the date of the maturity of the schemes. The schemes will invest small portion of the scheme assets in equity / equity related instrument including derivative instruments. In case of investment in equity derivatives have expiry before the maturity of the schemes.
The scheme offers direct and regular plan. Each plan will offer growth and dividend option (payout).
The scheme will allocate 70%-95% of assets in debt and money market instruments & securitized debt with low to medium risk profile and It would allocate 5%-30% of assets in equity and equity related instruments including options with medium to high risk profile.
Of the investments in debt instruments, 80% to 85% would be invested in AA rated non convertible debentures / government securities.
Entry load and exit load charge are not applicable for the scheme. The scheme is proposed to be listed on BSE.
The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter.
The fund seeks to collect a minimum subscription amount of Rs 20 crore during the NFO period.
Entry Load (During NFO): NA
Exit Load (Upon Maturity): Nil
The benchmark index for the scheme will be Crisil MIP Blended Index.
The fund managers of the scheme are Amit Somani (Debt) and Rupesh Patel (Equity).
Tata Mutual Fund has launched a new fund named as Tata Dual Advantage Fund – Scheme C, a close ended income fund. The tenure of the plan is 1103 days from the date of allotment. The new fund offer price for the scheme is Rs 10 per unit. The new issue is open for subscription from 11 June to 23 June 2014.
The primary objective of the scheme is to seek to generate income and / or capital appreciation by investing predominantly in portfolio of fixed inclome instruments having maturity on or before the date of the maturity of the schemes. The schemes will invest small portion of the scheme assets in equity / equity related instrument including derivative instruments. In case of investment in equity derivatives have expiry before the maturity of the schemes.
The scheme offers direct and regular plan. Each plan will offer growth and dividend option (payout).
The scheme will allocate 70%-95% of assets in debt and money market instruments & securitized debt with low to medium risk profile and It would allocate 5%-30% of assets in equity and equity related instruments including options with medium to high risk profile.
Of the investments in debt instruments, 80% to 85% would be invested in AA rated non convertible debentures / government securities.
Entry load and exit load charge are not applicable for the scheme. The scheme is proposed to be listed on BSE.
The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter.
The fund seeks to collect a minimum subscription amount of Rs 20 crore during the NFO period.
Entry Load (During NFO): NA
Exit Load (Upon Maturity): Nil
The benchmark index for the scheme will be Crisil MIP Blended Index.
The fund managers of the scheme are Amit Somani (Debt) and Rupesh Patel (Equity).
