Tata Mutual Fund files offer document for BSE Multicap Consumption 50:30:20 Index Fund
Tata Mutual Fund has filed offer document with SEBI to launch an open ended fund named ‘Tata BSE Multicap Consumption 50:30:20 Index Fund’. The New Fund Offer price for units would be Rs. 10 each during the New Fund Offer Period. Entry load will be nil and Exit load will be 0.25% of the applicable NAV. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.
The performance of the scheme will be benchmarked against BSE Multicap Consumption 50:30:20 Index (TRI). The minimum application amount is Rs 5000 and Rs 1 thereafter.
The investment objective of the scheme is to is to provide returns, before expenses, that commensurate with the performance BSE Multicap Consumption 50:30:20 Index(TRI).
