Tata Mutual Fund has raised about Rs 106 crore through Tata Fixed Investment Plan -3-Plan A during its new fund offer period i.e. from 14 -23 October 2008. The scheme is a close - ended debt fund with having maturity of 3 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 two plans namely regular and institutional plan. Each plan has two options growth and dividend option. Dividend option has dividend payout and dividend re-investment facility. There will be periodic and monthly dividend options. The plan- A will invest entire corpus in debt and money market instruments and securitized debt. Benchmark Index is Crisil Liquid Fund Index.
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