Tata Mutual Fund is launching another bond fund christened Tata Income Plus. The mutual fund already has a debt fund - Tata Income Fund. The fund is initially open for subscription from 11th to 21st November, 2002.
The fund has two Plans: Plan A and Plan B. The minimum investment for Plan A and Plan B are Rs 5,000.and Rs. 100,000 respectively. Under each plan there are Bonus, Income and Growth options. It will reopen from December 2nd, 2002. The fund would not charge any exit and entry load for Plan B but for Plan A there is an exit load of 1% if redeemed within one year. However, the expenses of the fund would be around 1.50%.
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