VR Logo

Tata announces change in Key Personnel and declares dividend

Tata Mutual Fund announced to change the fund manager of the following schemes.

Mr. Amit Somani has been appointed as the new fund manager of Tata Floater Fund, Tata Floating Rate LT Plan, Tata Treasury Manager Fund, Debt portfolio of Tata Capital Protection Oriented Fund Series I and II.

Mr. Raghupathi Acharya has been apppointed as the fund manager for Tata Income Fund, Tata Income Plus Fund, Tata Short Term Bond Fund, Debt portfolio of Tata MIP Plus Fund and Tata Young Citizens Fund.

Earlier these scheme were managed by Mr. Marzban Irani.

The changes will be effective from May 21, 2014.

The Fund House also announced dividend under the dividend option of Tata Fixed Income Portfolio Scheme C3 Plan A-DH and Tata Fixed Income Portfolio Scheme C3 Reg-DH.

The quantum of dividend will be the entire distributable surplus as on the record date. The record date has been fixed as May 26, 2014.