Tata Mutual Fund has launched the NFO of Tata Fixed Maturity Plan Series 40 Scheme E (370 days), a close ended income scheme.
The NFO opens for subscription on June 7, 2012 and closes on June 11, 2012. No entry load or exit load will be applicable for the scheme. The minimum subscription amount will be Rs. 10000.
The Scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is 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 a scheme. The maturity of all investments shall be equal to or less than the maturity of a scheme.
Source: Accord Fintech
