Tata Mutual Fund launches Tata Banking & PSU Debt Fund

Mutual Fund
Sep 19, 2019 by Advisorkhoj Team | Mutual Fund | 1 Downloaded

NFO period: 19th September – 03rd October, 2019

Highlights of the NFO:

  • Scheme type – An open ended debt scheme predominantly investing in debt instruments of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds

  • Investment objective – 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. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.

  • Product suitability – This product is suitable for investors who are seeking regular income over short term to medium term predominant by investing in Debt & Money Market instruments issued by Banks, Public Sector Undertakings & Financial Institutions.

  • Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – Direct Plan and Regular Plan having Growth Option and Dividend Option (with Reinvestment and Payout options).

  • Fund Managers – Mr. Amit Somani

  • Benchmark – CRISIL Banking and PSU Debt Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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