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Tuesday, June 24, 2014

Tata Fixed Maturity Plan Series 48 Scheme D (368 Days) Floats On

NFO period is from 23 June to 02 July 2014 

Tata Mutual Fund has launched a new fund named as Tata Fixed Maturity Plan Series 48 Scheme D, a close-ended debt scheme with the duration of 368 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs. 10 per unit. The new issue will be open for subscription from 23 June and close on 02 July 2014. 

The investment objective of the scheme is to generate income and / or capital appreciation by investing in wide range of fixed income instruments having maturity in line with the maturity of a scheme. 

The scheme offers growth option and periodic dividend option (payout). 

The scheme shall invest upto 100% of assets in debt and money market instruments with low to medium risk profile. 

The minimum application amount is Rs 5000 and multiples of Re 1 thereafter. 

The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period. 

Entry load: Not applicable. 

Exit load: Nil. 

Benchmark Index for the scheme is Crisil Short Term Bond Fund Index 

The fund manager for the scheme will be Amit Somani.
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