Tata Mutual fund has decided to wind up Tata Floating Rate Fund Long Term Plan as the scheme is not able to maintain the average minimum Assets Under Management (AUM) criteria of ₹20 Crores.
The Fund House has also decided to wind up Tata Fixed Income Portfolio Fund - Scheme A3, Scheme B2, Scheme B3, Scheme C2, and Scheme C3 because of the same reason.