Fund News

Tata MF Plans a Floating Rate Fund

Tata Mutual Fund has filed an offer document with the Securities and Exchange Board of India for the launch a floating rate fund

Tata Mutual Fund has filed an offer document with the Securities and Exchange Board of India for the launch a floating rate fund. As per the offer document the scheme, named as Tata Floater Long Term Fund, would invest 65 to 100 per cent of its corpus in floating rate debt instruments, and up to 35 per cent in fixed rate debt securities, including securitised debt and money market instruments. The minimum application amount will be Rs 10,000. The fund would offer growth and dividend options.

Ask Value Research aks value research information

No question is too small. Share your queries on personal finance, mutual funds, or stocks and let us simplify things for you.


Other Categories

Informed fund ideas, better judgment. Every month. Mutual Fund Insight, every month since October 2002.

Take charge. Know more. Keep more. Mutual Fund Insight helps you do all three — every month