Tata MF introduces Nifty SDL Plus AAA PSU Bond Dec 60: 40 Index Fund
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Tata Mutual Fund (MF) has launched Tata Nifty SDL Plus AAA PSU Bond Dec 60: 40 Index Fund, an open-ended Target Maturity Index Fund investing in constituents of Nifty SDL Plus AAA PSU Bond Dec 2027 60:40 Index with Relatively High Interest Rate Risk and Relatively Low Credit Risk. The NFO opens for subscription on March 24, 2022 and closes on March 28, 2022. The Entry load is nil for the scheme. The Exit load will be 0.25 % of the applicable NAV, if redeemed on or before 30 days from the date of allotment. The minimum subscription amount is Rs 5,000 and in multiple of Re 1 thereafter.
The performance of the scheme will be benchmarked against Nifty SDL Plus AAA PSU Bond Dec 2027 60: 40 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.
