MUTUAL FUNDS
Tata Mutual Fund files offer document for Banking & PSU Debt Fund
Feb-15-2019

Tata Mutual Fund has filed offer document with SEBI to launch a close-ended debt scheme named ‘Tata Banking & PSU Debt Fund '. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load will be 1.00 % of the applicable NAV, if redeemed/switched out/withdrawn on or before expiry of 365 Days from the date of allotment. The scheme offers dividend options and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance of the scheme will be benchmarked by CRISIL Banking and PSU Debt Index. The minimum application amount for initial purchase is Rs 1000 and Re 1 thereafter.

The investment objective of the scheme is to generate reasonable income, with low risk and high level of liquidity from a portfolio of predominantly debt & money market securities issued by Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs).

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