Tata Mutual Fund has announced the declaration of dividend under dividend option for Tata Fixed Income Portfolio Fund-Series B2. The record date is set as 28 May 2008. The AMC decided to distribute up to 100% of the net distributable surplus generated between 1 March 2008 to 28 May 2008 will be distributed as dividend.
The NAV for the scheme under regular quarterly dividend option was Rs.10.2215 as on 21 May 2008. The NAV for the scheme under institutional quarterly dividend option was Rs.10.2220 as on 21 May 2008.
Tata Fixed Income Portfolio Fund-Series B2 is a close-ended debt scheme launched in November 2007. The scheme aims to generate returns and / or capital appreciation along with minimization of interest rate risk by investing predominantly in a portfolio of debt and money market instruments.
In order to achieve its investment objective, the scheme will invest predominantly in a portfolio of debt and money market instruments. In order to control the interest rate risk, average maturity of the portfolio will not exceed 150 days.
The NAV for the scheme under regular quarterly dividend option was Rs.10.2215 as on 21 May 2008. The NAV for the scheme under institutional quarterly dividend option was Rs.10.2220 as on 21 May 2008.
Tata Fixed Income Portfolio Fund-Series B2 is a close-ended debt scheme launched in November 2007. The scheme aims to generate returns and / or capital appreciation along with minimization of interest rate risk by investing predominantly in a portfolio of debt and money market instruments.
In order to achieve its investment objective, the scheme will invest predominantly in a portfolio of debt and money market instruments. In order to control the interest rate risk, average maturity of the portfolio will not exceed 150 days.
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