MUTUAL FUNDS
Tata Mutual Fund introduces Arbitrage Fund
Dec-10-2018

Tata Mutual Fund has launched the Tata Arbitrage Fund, an open ended scheme. The NFO opens for subscription on December 10, 2018 and closes on December 17, 2018. Entry load will be nil and exit load will be 0.25 % of the applicable NAV, if redeemed/switched out/withdrawn on or before expiry of 30 Days from the date of allotment applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiple of Re 1 thereafter.

The scheme’s performance will be benchmarked against Nifty 50 Arbitrage Index and its fund manager is Sailesh Jain.

The investment objective of the scheme is to generate reasonable returns by investing predominantly in arbitrage opportunities in the cash and derivatives segments of the equity markets and by investing balance in debt and money market instruments.

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