Tata Mutual Fund has approved the 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 effective from June 17, 2009. Accordingly, the fund will not levy any entry or exit load.
Currently the scheme will charge 0.50% as entry load for each investment amount less than or equal to Rs 5 lakh.
While for investment amount more than Rs 5 lakh, the scheme charges nil entry load.
Currently, the scheme charges an exit loads of 0.50%, for each investment amount less than Rs 5 lakh if redeemed before the 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 objective of the 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.
Currently the scheme will charge 0.50% as entry load for each investment amount less than or equal to Rs 5 lakh.
While for investment amount more than Rs 5 lakh, the scheme charges nil entry load.
Currently, the scheme charges an exit loads of 0.50%, for each investment amount less than Rs 5 lakh if redeemed before the 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 objective of the 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.
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