MUTUAL FUNDS
Tata MF introduces Banking & PSU Debt Fund
Sep-19-2019

Tata Mutual Fund (MF) has launched the Tata Banking & PSU Debt Fund, an open ended debt scheme. The NFO opens for subscription on September 19, 2019 and closes on October 03, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against CRISIL Banking and PSU Debt Index and its fund manager is Amit Somani.

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) and Municipal Bonds.

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