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Tata Mutual Fund has launched the NFO Tata Fixed Maturity Plan Series 40 Scheme D, a close-ended debt scheme.
The NFO opens for subscription on May 23, 2012 and closes on May 28, 2012. The duration of the scheme will be 370 days from the date of allotment. No entry and exit load charge is applicable for the scheme. The scheme offers dividend payout and growth option.
The scheme will be benchmarked against CRISIL Short Term Bond Fund Index. The minimum application amount is Rs 10,000
The fund manager of the scheme will be Murthy Nagarajan.
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 having maturity in line with the maturity of the scheme. The maturity of all investments shall be equal to or less than the maturity of the scheme.