Tata Mutual Fund filed offer document with Sebi to launch Fixed Horizon Fund Series 20. It is a close-ended debt with three plans of maturity ranging between 12 - 18 months. The investment objective of the schemes is to generate income and / or capital appreciation by investing in wide range of debt and money market instruments. Each scheme has two plans regular plan and institutional plan and each plan has two options- growth option and dividend option. Dividend option offers dividend payout or dividend re-investment facility.
The scheme will invest up to 100% in debt and money market instruments and securitised debt. The investment in securitised debt will be up to 50% of the scheme. No investments would be made in foreign securitised debt.
The scheme net assets will have a maximum derivative net position of 50% of the net assets of the scheme. Investment in derivative instruments may be done for hedging and portfolio balancing.
The scheme will invest up to 100% in debt and money market instruments and securitised debt. The investment in securitised debt will be up to 50% of the scheme. No investments would be made in foreign securitised debt.
The scheme net assets will have a maximum derivative net position of 50% of the net assets of the scheme. Investment in derivative instruments may be done for hedging and portfolio balancing.
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