The NFO opens on 6th July, 2012 for subscription and closes on 20th July 2012.
Tata Mutual Fund has announced the launch of its new fund called Tata Capital Protection Oriented Fund - Series II, a close ended capital protection oriented fund. The tenure of the scheme is three years.
The fund will invest in in AAA or equivalent rated high quality debt securities & money market instruments. The fund also explores the opportunities for capital appreciation by investing part of its corpus in equities.
The scheme will allocate 82% to 100% of its assets in debt and money market instruments with low to medium risk profile. The remaining up to 18% of its net assets will be invested in equity & equity related instruments with high risk profile. Exposure to derivatives (including debt and equity) will be limited to 50% of the net asset. Within the overall limit of 50%, equity derivative position shall be maximum 18% of the net assets of the scheme.
The NFO opens on 6th July, 2012 for subscription and closes on 20th July 2012. The scheme comes with growth and dividend options.
The minimum application amount is Rs. 10,000 and in multiples of Rs. 10 thereafter. The scheme's performance will be benchmarked against CRISIL MIP Blended Index.
