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Change in fundamental attributes of Tata Monthly Income Fund


Tata Mutual Fund has made the following changes in the fundamental attributes of Tata Monthly Income Fund with effect from July 27, 2015

Name of Scheme: The revised name of the scheme is Tata Regular Savings Equity Fund

Type of Scheme: The type of scheme has been changed from open-ended debt scheme to open-ended equity scheme

Investment Objective: The investment objective of the scheme is to provide long term capital appreciation and income distribution to the investors by predominantly investing in equity and equity related instruments, equity arbitrage opportunities and investment in debt and money market instruments.

Benchmark: The benchmark will be 35 per cent in CNX Nifty, 30 per cent in Crisil liquid fund index and 35 per cent in crisil short term bond index.

Minimum Application amount: For both regular plan (Plan A is renamed as regular plan) and direct plan.
Growth, Monthly & Quarterly Dividend: ₹5000 for each option

Asset Allocation: The asset allocation pattern has been changed to 65-90 per cent allocation in equity and equity related instruments and 10-35 per cent in debt and money market instruments.

Fund Manager: The new fund manager of the scheme will be Mr. Akhil Mittal and Atul Bhole.

Total Expense Ratio: It will be upto 2.70 per cent per annum earlier it was 2.45 per cent per annum