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Wednesday, June 24, 2015

Tata MF Announces Change in fundamental attributes under Tata Monthly Income Fund

With effect from 27 July 2015

Tata Mutual Fund has announced the change in fundamental attributes of Tata Monthly Income Fund, with effect from 27 July 2015. 

The proposed changes are: 

Name of the scheme: Tata Regular Saving Equity Fund. 

Type of scheme: An open-ended equity scheme. 

Investment objective:
The investment objective of the scheme is to provide long term capital appreciation and income distribution to the investors by predominantly investing in equity and equity related instruments, equity arbitrage opportunities and investments in debt & money market instruments. 

Benchmark: A customized benchmark using following combinations: 35% CNX Nifty + 30% Crisil Liquid Fund Index + 35% Crisil Short Term Bond Fund Index 

Asset allocation pattern: 

The scheme would allocate 65%-90% of assets in equity & equity related instruments of which, 15%-35% of assets in Net Long Equity Exposure – Equity & Equity related instruments with medium to high risk profile, 30%-70% of assets in equity & equity derivates (arbitrage exposure) and 10%-35% of assets in debt, cash & money market securities with low to medium risk profile. 

Fund manager: Akhil Mittal (Debt Portfolio) & Atul Bhole (Equity Portfolio). 

Existing investors have an option to exit without payment of exit load with in a period of 30 days from 24 June 2015 to 24 July 2015.
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