Tata Mutual Fund introduces Tata Fixed Investment Plan -3-A on 11 November 2008. Subscription of New Fund Offer (NFO) will close on 12 November 2008 and will be reopened for repurchase before 1 December 2008. The face value of the new fund is Rs 10 per unit.The scheme is a close ended debt scheme with tenure of 3 months from the date of allotment. Further, the investment objective of the scheme will be to generate income and / or capital appreciation by investing in extensive range of debt and money market instruments, which are also considered to be one of the safest instruments.
The scheme has two plans namely regular and institutional plan and each plan has two investment options growth and dividend option. Dividend option has further two categories namely dividend payout and dividend re-investment facility. There will be periodic dividend options. The minimum investment amount under regular investment plan will be Rs. 10000 and in multiples of Re. 1 thereafter. The minimum investment amount under institutional plan will be of Rs. 1 lakh and in multiples of Re. 1 thereafter.
The scheme has two plans namely regular and institutional plan and each plan has two investment options growth and dividend option. Dividend option has further two categories namely dividend payout and dividend re-investment facility. There will be periodic dividend options. The minimum investment amount under regular investment plan will be Rs. 10000 and in multiples of Re. 1 thereafter. The minimum investment amount under institutional plan will be of Rs. 1 lakh and in multiples of Re. 1 thereafter.
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