MERGER OF TATA BANKING & PSU DEBT FUND WITH TATA CORPORATE BOND FUND

Investors are kindly requested to take note that the Trustees of Tata Mutual Fund have approved the merger of Tata Banking & PSU Debt Fund (hereinafter referred to as ‘Transferor Scheme’) with Tata Corporate Bond Fund, An open-ended debt scheme predominantly investing in AA+ & above rated corporate bonds, with flexibility of any Macaulay Duration & relatively high-interest rate risk & moderate credit risk (hereinafter referred to as ‘Surviving Scheme’). The record date for the merger is 15 June 2024.

• In accordance with Regulation 18(15A) of the SEBI (Mutual Funds) Regulations, 1996, the exit option of 30 days, at prevailing NAV, without exit load will be given to the unitholders of merging scheme i.e. Tata Banking & PSU Debt Fund and to the unitholders of Tata Corporate Bond Fund (i.e. surviving scheme). 
• The sale of units of Tata Banking & PSU Debt Fund (Transferor Scheme) (including switch-in & registration of systematic investment options) will stand suspended with effect from 11 May 2024.

Quick Note:

1. “The purchase of units of Tata Banking & PSU Debt Fund (Transferor Scheme) (including switch-in & registration of systematic investment options) will stand suspended with effect from 11^th May, 2024.”
2. Load free exit period – 15^th May 2024 to 14^th June 2024
3. Effective Date of merger/consolidation: 15th June, 2024

For more details, read the addendum.