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Friday, January 30, 2015

Tata Fixed Maturity Plan Series 49 Scheme A (1098 Days) Floats On

NFO period is from 30 January to 11 February 2015 

Tata Mutual Fund has launched a new fund named as Tata Fixed Maturity Plan Series 49 Scheme A, a close-ended debt scheme with the duration of 1098 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 30 January and close on 11 February 2015. 

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 85%-100% of assets in debt instruments with low to medium risk profile and invest upto 25% of assets in money market instruments with low 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 Composite Bond Fund Index. 

The fund manager for the scheme will be Amit Somani. 
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