Tata MF Files An Offer Document

Tata mutual fund has filed an offer document for Tata Fixed Horizon Fund Series 16. It is a close-ended debt scheme. The new fund offering (NFO) for the scheme is Rs. 10. The scheme seeks to collect Rs 20 crore in each plan as the minimum subscription amount.

There are four schemes A, B, C and D. Duration of all schemes will be of 371 days from the date of allotment. Each scheme has two plans - Regular plan and Institutional Plan. The minimum application under regular plan is Rs. 10,000 and in multiple of Re. 1 thereafter. The minimum application under institutional plan is Rs. 1 crore and in multiple of Re. 1 thereafter. The scheme is available with growth and dividend options. The dividend option will have dividend payout and dividend reinvestment facility.

The investment objective of the schemes is to generate income and / or capital appreciation by investing in wide range of debt money market instruments. There will no entry load charged for the scheme due to its close-ended structure. The scheme charges an exit load of 1% on redemption of units on or before expiry of 3 months from the date of allotment. The exit load will come down to 0.75% on redemption of units after 3 months but on or before 6 months from the date of allotment. The exit load will come down to 0.50% on redemption of units after expiry of 6 months but before maturity of the scheme. There will not be any exit load charged on the redemption made on maturity date.