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Tata Short Term Bond Fund introduces periodic dividend option


Tata Mutual Fund has decided to introduce periodic dividend option under direct plan and plan A of Tata Short Term Bond Fund and the existing dividend option will be known as Fortnightly Dividend option.

The effective date is February 24, 2015.

The fund house has also announced dividend under the dividend option of Tata FMP Series 46O A-D, Tata FMP Series 46O Direct-D, Tata Fixed Income Portfolio Scheme B2 Plan A-DQ and Tata Fixed Income Portfolio Scheme B2 Reg-DQ. The quantum of dividend will be the entire distributable surplus as on the record date.

The record date has been fixed as February 26, 2015.