Tata MF introduces Nifty G-Sec December 2029 Index Fund
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Tata Mutual Fund (MF) has launched Tata Nifty G-Sec Dec 2029 Index Fund, an open-ended Target Maturity Index Fund investing in constituents of Nifty G-Sec Dec 2029 Index. A Scheme with Relatively High Interest Rate Risk and Relatively Low Credit Risk. The NFO opens for subscription on January 03, 2023 and closes on January 10, 2023. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiple of Re 1 thereafter.
The performance of the scheme will be benchmarked to the performance of Nifty G-Sec Dec 2029 Index (TRI) and its fund manager is Amit Somani.
The investment objective of the scheme is to provide returns that correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
