Tata Mutual Fund files offer Fixed Maturity Plan - Series 57 (Scheme A to Scheme O)
Time - 04/10/2018 : 12:21
Tata Mutual Fund has filed offer document with SEBI to launch a close ended scheme named 'Tata Fixed Maturity Plan - Series 57 (Scheme A to Scheme O)'. The New Fund Offer price is Rs 10 per unit. Entry load and Exit Load will be Nil. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 20 crore.
The performance for schemes of maturity upto 91 days will be benchmarked by Crisil Liquid Fund Index, for schemes of maturity between 3 months to 6 months will be benchmarked by Crisil Ultra Short Term Debt Index, for schemes of maturity between 6 months to 12 months will be benchmarked by Crisil Low Duration Debt Index,for schemes of maturity between 12 months to 36 months will be benchmarked by Crisil Short Term Bond Fund Index, for schemes of maturity between 36 months to 48 months will be benchmarked by Crisil Medium Term Debt Index, for schemes of maturity between 48 months to 84 months will be benchmarked by Crisil Medium to Long Term Debt Index. The minimum application amount for initial purchase is Rs 5,000 & Re 1 thereafter.
The investment objective of the scheme is to generate income and / or capital appreciation by investing in Fixed Income Instruments having maturity in line with the maturity of the respective schemes.
