Tata Mutual Fund has approved revision of load structure in Tata Floater Fund, an open ended debt scheme, (including subscription by way of Systematic Investment Plan/Systematic Transfer Plan transaction) with effect from 17 June 2009. Accordingly, the fund will not levy any entry or exit load.
Currently the scheme will charge an entry load of 0.50% for each investment amount less than or equal to Rs 5 lakh. And the scheme charges nil entry load for each investment amount above Rs 5 lakh.
Presently, the scheme charges an exit loads of 0.50%, for each investment amount less than Rs 5 lakh if redeemed before expiry of 30 days from the date of allotment and the scheme will not charge any exit load for each investment amount greater than or equal to Rs 5 lakh.
The investment objective of he scheme is to generate stable returns with a low interest rate risk strategy by creating a portfolio that is predominantly invested in good quality floating rate debt instruments which can also be swapped for floating rate returns.
Currently the scheme will charge an entry load of 0.50% for each investment amount less than or equal to Rs 5 lakh. And the scheme charges nil entry load for each investment amount above Rs 5 lakh.
Presently, the scheme charges an exit loads of 0.50%, for each investment amount less than Rs 5 lakh if redeemed before expiry of 30 days from the date of allotment and the scheme will not charge any exit load for each investment amount greater than or equal to Rs 5 lakh.
The investment objective of he scheme is to generate stable returns with a low interest rate risk strategy by creating a portfolio that is predominantly invested in good quality floating rate debt instruments which can also be swapped for floating rate returns.
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