Change in fundamental attributes of Tata MF schemes

By Ravi Samalad |  15-02-17 | 
 
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About the Author
Ravi Samalad is Assistant Manager - Editoral for Morningstar.in.

Tata Mutual Fund has decided to change the fundamental attributes under the following schemes, with effect from 17 March 2017.

 The proposed changes are:

 Tata Floater Fund:

Revised name of the scheme: Tata Ultra Short Term Fund

 Investment objective:

The objective of the scheme is to generate regular income & capital appreciation by investing in a portfolio debt & money market instruments with relatively lower interest rate risk.

Asset Allocation:

The scheme will invest up to 100% of assets in debt & money market instruments with low to medium risk profile.

 Tata Income Plus Fund:

Revised name of the scheme: Tata Medium Term Fund

Investment objective:

The objective of the scheme is to generate regular income & capital appreciation through a portfolio constituted of medium term debt instruments & money market instruments.

Asset Allocation:

The scheme will invest 60%-100% of assets in debt securities with low to medium risk profile and invest up to 40% of assets in money market instruments with low risk profile.

Tata Treasury Manager Fund:

Revised name of the scheme: Tata Corporate Bond Fund

Investment objective:

The objective of the scheme is to generate regular income & capital appreciation through a portfolio constituted of medium term debt instruments & money market instruments.

Asset Allocation:

The scheme will invest 80%-100% of assets in corporate debt securities (including securitized debt) across maturities and ratings with medium to high risk profile and invest up to 20% of assets in other money market instruments with low to medium risk profile.

 Existing investors have an option to exit without paying exit load between 15 February 2017 and 16 March 2017.

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