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Tata Balanced Fund: Introduction of Monthly Dividend option

Tata Mutual Fund has announced to introduce the Monthly Dividend option under Tata Balanced Fund, with effect from July 23, 2010. Following are the features:

Dividend payout and Dividend Re-investment are the two sub options under Monthly Dividend option. Minimum amount is of Rs.5000 and exit load is of 1% if redeemed on or before expiry of 365 days from the date of allotment.