Tata Gilt Mid Term Fund : NFO

by khalid on 24/05/2010 · 0 comments

Tata Mutual Fund has launched a New Fund Offer (NFO) named as Tata Gilt Mid Term Fund. This is an open ended debt scheme invest predominantly in Government Securities that have residual maturity of up to 15 years. However, there can be no assurance that the investment objective of the scheme will be realized. It will charge an exit load of 2 per cent, if the units are redeemed before 5 years. The scheme will be benchmarked against I-SEC Composite Bond Index and will be managed by Murthy Nagarajan.

Fund NameTata Mutual Fund
Scheme Name Tata Gilt Mid Term Fund
Scheme CategoryOpen Ended
NFO Launch Date20th May 2010
NFO Closure Date17th Jun 2010
NFO Price (Rs) 10
Min. Subscription Amount(Rs) 10000
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