Tata Mutual Fund has commenced Tata Fixed Investment Plan -4-A on 10 September 2008. The New Fund Offer (NFO) period for subscription will close on 18 September 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 19 months from the date of allotment. The investment objective of the scheme is to generate income and / or capital appreciation by investing in wide range of debt and money market instruments.
The scheme has three plans Regular, High Institutional Plan (HIP) and Super High Institutional Plan (SHIP). Each plan has two options growth and periodic dividend option. The minimum investment amount under regular investment plan will be Rs. 10000 and in multiples of Re. 1 thereafter. The minimum investment amount under high institutional plan will be of Rs. 25 lakh and in multiples of Re. 1 thereafter. For the Super High Institutional Plan, the application amount will be Rs 1 crore and in multiples of Re. 1 thereafter. The fund seeks to raise Rs 10 crore during NFO period
The scheme has three plans Regular, High Institutional Plan (HIP) and Super High Institutional Plan (SHIP). Each plan has two options growth and periodic dividend option. The minimum investment amount under regular investment plan will be Rs. 10000 and in multiples of Re. 1 thereafter. The minimum investment amount under high institutional plan will be of Rs. 25 lakh and in multiples of Re. 1 thereafter. For the Super High Institutional Plan, the application amount will be Rs 1 crore and in multiples of Re. 1 thereafter. The fund seeks to raise Rs 10 crore during NFO period
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