Tata Mutual Fund : Launches Capital Protection Oriented Fund

Tata Mutual Fund has launched a new fund named as Tata Capital Protection Oriented Fund Series II (3 Years), a close ended debt scheme with the duration of  three years from the date of allotment.

NFO:

The NFO (New Fund Offer) price for the scheme is Rs.10 per unit. The new issue will be open for subscription from 6 July and closes on 20 July, 2012.

Investment objective of scheme:

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 & equity related instruments to seek capital appreciation. The scheme offers growth option & dividend option (payout).

 The scheme would allocate 82% to 100% of assets in debt, money market instruments with low to medium risk profile. On the other side it would allocate upto 18% of assets in equity & equity related instruments with high risk profile. Of the investments in debt instruments, 5% of assets would be invested in AAA / A1 +  rated certificate of deposits and 95% in AAA / A1 + rated non convertible debentures.

Equity portion of the scheme will be managed by Thomas J Priju and debt portion will be managed by Marzban Irani.

Mminimum amount :Rs.10,000.

Entry and exit load : Nil.

Benchmark Index: CRISIL MIP Blended Index.

The fund seeks to collect a minimum subscription amount of Rs. 35 crore under the scheme during the NFO period.

About Tata Mutual Fund..!

 Tata Mutual Fund manages about  .19,818 crores (average AUM for the quarter of January to March 2012) worth of assets across its varied offerings. Tata Mutual Fund offers an investment option for everyone, whether you are a businessman / salaried professional, a retired person or housewife, an aggressive investor or a conservative capital builder.

Corporate Office 9th Floor, Mafatlal Centre, Nariman Point, Mumbai 400 021.
Toll Free     1800-209-0101
Email : kiran@tataamc.com 

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