Tata Mutual Fund files offers document for Nifty SDL Plus PSU Bond Dec 2027 60:40 Index Fund
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Tata Mutual Fund has filed offer document with SEBI to launch an open-ended target maturity index fund named ‘Tata Nifty SDL Plus PSU Bond Dec 2027 60:40 Index Fund’. The New Fund Offer price is Rs 10. Entry load will be nil and Exit load 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 with Nifty SDL Plus PSU Bond Dec 2027 60:40 Index (TRI). The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index
