Tata Mutual Fund has launched the New Fund Offer (NFO) of Tata Fixed Maturity Plan Series 48 Scheme B (370 Days), a close ended income scheme. The NFO opens for subscription on June 09, 2014, and closes on June 16, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000.
The scheme’s performance will be benchmarked against CRISIL Short-Term Bond Fund Index and its fund manager is Amit Somani.
The investment objective of the scheme is to generate income and / or capital appreciation by investing in wide range of 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 the scheme.
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