
Tata Mutual Fund has launched an Institutional Plan under the Short Term Option of Tata Floating Rate Fund. The IPO period is from August 20 to August 31, 2004. The minimum subscription amount is Rs 1 crore and additional investments will have to be in multiples of Rs. 1 lakh thereafter. The plan is available to investors under two options – Daily Dividend Option (with compulsory reinvestment) and Growth Option. No entry and exit load will be charged under the plan.