TATA Mutual Fund has introduced daily STP facility in all its schemes. If there is any lock in period then STP facility will be given after that. This facility is available only for those who have register to receive account statement and annual reports etc. vide e-mail.
TATA MF: Introduction of Daily dividend sweep
TATA Mutual Fund has introduced daily dividend sweep facility under Tata Liquid, Tata Liquidity Management, Tata Treasury Manager, Tata Floater and Tata Floating Rate ST. Except Tata Tax Saving Fund investors can opt for reinvestment of dividend into any other open ended scheme under TATA Mutual Fund.
TATA MF: Waiver of minimum amount for switch-in
TATA Mutual Fund has announced that for switch of units from one scheme to another scheme except Tata Tax Saving Fund and Tata Young Citizens there shall not be any minimum amount requirement.
Minimum switch amount:
Tata Tax Saving Fund: Rs.500
Tata Young Citizens: Rs.500
The aforesaid changes are effective from February 24, 2010.