Tata Ultra Short Term Fund: Tata Mutual Fund is issuing the New Fund Offer (NFO) from 11-January-2019 to 21-January-2019.
According to the fund house, this scheme is suitable for investors who are seeking:-
- Regular Income Over Short-Term, and
- Investment in Debt & Money Market instruments such that the Macaulay Duration of the portfolio is between 3 months – 6 months.
About Tata Ultra Short Term Fund NFO
| Name of the Scheme | Tata Ultra Short Term Fund |
|---|---|
| Fund House | Tata Mutual Fund |
| Scheme Type | Open Ended |
| Scheme Category | Ultra-Short Term Debt Fund |
| Issue Starts | 11-January-2019 |
| Issue Closes | 21-January-2019 |
| NFO Unit Price | Rs 10 per unit |
| Minimum Investment | Rs 5000 |
| Entry Load | No |
| Exit Load | No |
| Investment Manager | Tata Asset Management Ltd. |
Investment Objectives
According to the Tata Mutual Fund, the investment objectives of the scheme is as follows:-
To generate returns through investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months – 6 months.
However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.
Proposed Asset Allocation
| Instruments | Indicative allocations (% of total assets) |
Risk Profile | |
|---|---|---|---|
| Minimum | Maximum | High/ Medium/ Low | |
| Debt* and Money Market Instruments | 0 | 100 | Low to Medium |
*Includes securitized debt (excluding foreign securitized debt) up to 70% of the net assets of the Scheme. The Scheme shall not invest in foreign securitized debt and credit default swaps.
(Read: NFO: New Fund Offer of Mutual Funds)
About Tata Mutual Fund
Tata Mutual Fund is one of India’s leading mutual fund houses. It was incorporated in the year 1994. This fund house is sponsored by Tata Sons Limited & Tata Investment Corp. Ltd. Assets of this mutual fund are managed by Tata Asset Management Ltd.
As of 30-Sep-2018, the total Asset Under Management (AUM) of Tata Mutual Fund is Rs. 54824.12 crore.
Registered Office: 9th Floor, Mafatlal Centre, Nariman Point, Mumbai – 400 021.
Telephone: (022) 66578282
Website: www.tatamutualfund.com
E-mail: service@tataamc.com
Please click here to read the scheme related document.
Disclaimer: This post is just an information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
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Tags: #NFO #Mutual Fund #New Mutual Fund #Tata NFO #New Fund Offer #Tata Mutual Fund
