Tata Mutual Fund has commenced Tata Fixed Horizon Fund Series 18- C on 31 August 2008. The New Fund Offer (NFO) period for subscription will close on 12 August 2008. The NFO face value of the new fund is Rs 10 per unit. The scheme is a close end debt scheme with tenure of 13 months from the date of allotment. 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.
The fund will invest can invest up to 100% in debt and money market instruments and securitised debt. No investments would be made in foreign securitised debt. The scheme may invest up to a maximum of 50% of the scheme's net assets in domestic securitised debt. The scheme net assets will have a maximum derivative net position of 50% of the net assets of the scheme. 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. Dividend frequency will be offered under periodic and monthly basis. There will no entry load charged for the scheme due to its close-ended structure. The scheme charges an exit load of 1.00%, if the investment is redeemed before maturity. There will be no exit load charged if the redemption made on maturity date.
The fund will invest can invest up to 100% in debt and money market instruments and securitised debt. No investments would be made in foreign securitised debt. The scheme may invest up to a maximum of 50% of the scheme's net assets in domestic securitised debt. The scheme net assets will have a maximum derivative net position of 50% of the net assets of the scheme. 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. Dividend frequency will be offered under periodic and monthly basis. There will no entry load charged for the scheme due to its close-ended structure. The scheme charges an exit load of 1.00%, if the investment is redeemed before maturity. There will be no exit load charged if the redemption made on maturity date.
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