Tata Mutual Fund has launched a new Closed Ended Growth scheme named “Tata Fixed Maturity Plan Series 55 - Scheme D” with maturity period of 1103 days from the launch date.
The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Jul 16 to Jul 19, 2018.
According to the offer document filed with SEBI, the entry and exit load is Nil.
The minimum application amount is Rs 5,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Dividend, Growth.
The fund manager of the scheme will be Akhil Mittal, while the performance of the scheme will be benchmarked against CRISIL Medium Term Debt Index.
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.