Tata Mutual Fund has announced change in load structure of Tata Gilt Mid Term Fund with effect from December 7, 2011.
The existing exit load is 2 per cent if redeemed on or before 5 years from the date of allotment. Nil if redeemed after 5 years from the date of allotment and the proposed exit load is Nil.
Tata Gilt Mid Term Fund is an open ended debt fund investing predominantly in government securities. The investment objective of the scheme is to provide reasonable returns and high liquidity to unit-holders by investing predominantly in government securities having residual maturity upto 15 years.