Tata MF floats on Fixed Investment Plan 4 B

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Updated: 27/09/2008 | 12:00 AM IST

Mutual fund

Tata MF floats on Fixed Investment Plan 4-B

Capital Market

Saturday, September 27, 2008 (New Delhi)

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Tata Mutual Fund has commenced Tata Fixed Investment Plan 4-B on 25 September 2008. The New Fund Offer (NFO) period for subscription will close on 16 October 2008. The NFO face value of the new fund is Rs 10 per unit. Scheme will be reopened for repurchase before 5 November 2008.

The scheme is a close end debt scheme with tenure of 18 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. Dividend option has periodic option with dividend payout and dividend re-investment facility.

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.

There will no entry load charged for the scheme due to its close-ended structure.

The investment plan 4 charges an exit load of 2.00%, if the investment is redeemed before maturity. There will be no exit load charged if the redemption made on maturity date.

The fund will invest entire corpus in debt and money market instruments and securitised debt. No investments would be made in foreign securitised debt. The scheme may invest up to a maximum of 50% of the schemes net assets in domestic securitised debt.

Benchmark Index of the scheme is CRISIL Short Term Bond Fund Index. Raju Sharma will manage the scheme.

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