Tata Mutual Fund files offer document for Nifty SDL Plus AAA PSU Bond Dec 2027 60:40 Index Fund
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Tata Mutual Fund has filed offer document with SEBI to launch an open-ended Target Maturity Index Fund named ‘Tata Nifty SDL Plus AAA PSU Bond Dec 2027 60:40 Index Fund‘. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load will be 0.25 % of the applicable NAV, if redeemed on or before 30 days from the date of allotment. The scheme offers growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 20 crore.
The performance of the scheme will be benchmarked by Nifty SDL Plus AAA PSU Bond Dec 2027 60:40 Index (TRI). The minimum application amount is Rs 5000 and Re 1 thereafter.
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.
