Tata Mutual Fund has filed an offer document with
SEBI to launch Tata Capital Protection Oriented Fund Series 3 & 4, a close
ended capital protection oriented fund.
The fund comprises of two close ended schemes,
Series 3 and Series 4, both schemes will seek protection of capital on maturity.
The schemes will have a duration of 3 years from the date of allotment of
primary investment objective of scheme is to seek income and minimize risk of
capital loss by investing in a portfolio of fixed income securities. The scheme
may invest a part of the assets in equity and equity related instruments to
seek capital appreciation.
subscription under each plan will be Rs.10000/-. The schemes will have a growth
and dividend payout facility. For both the schemes, Series 3 and Series 4, the
benchmark will be CRISIL MIP Blended Index.
schemes will allocate a minimum of 82% to debt and money market instruments and
a maximum of 18% to equity and equity related instruments including units of
equity oriented schemes of Tata Mutual Fund.
equity portion of the fund will be managed by Mr. Thomas J Priju and the debt
portion will be managed by Mr. Marzban Irani.