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Tata Mutual Fund (MF) has launched Tata Fixed Maturity Plan (FMP) Series 61 Scheme B (364 days), a Close Ended Debt Scheme with Relatively Low interest rate risk and moderate Credit Risk. The NFO opens for subscription on March 06, 2024 and closes on March 11, 2024. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.

The performance of the scheme will be benchmarked against CRISIL Low Duration Debt A-I Index and its fund manager is Akhil Mittal.

The investment objective of the scheme is to generate income and / or capital appreciation by investing in Fixed Income Instruments having maturity in line with the maturity of the Scheme. The maturity of all investments shall be equal to or less than the maturity of the Scheme.