Tata Mutual Fund has launched the NFO Tata Capital Protection Oriented Fund Series I (3 Years), a close-ended debt scheme.
The NFO opens for subscription on May 16, 2012 and closes on May 30, 2012. No entry and exit load charge is applicable for the scheme. The duration of the scheme will be 3 years from the date of allotment. The scheme offers dividend payout and growth option.
The scheme will be benchmarked against CRISIL MIP Blended Index. The minimum application amount is Rs 10,000 and in multiples of Rs 1 thereafter.
The investment objective of the scheme is to seek income and minimize risk of capital loss by investing in a portfolio of fixed income securities.
