Breaking News

You are here » Indian-Commodity  :  Mutual Funds  :  Tata Mutual Fund files offer document for Balanced Advantage Fund

17-Apr2018

Tata Mutual Fund files offer document for Balanced Advantage Fund

Tata Mutual Fund has filed offer document with SEBI to launch an open ended dynamic asset allocation fund named as 'Tata Balanced Advantage Fund'. The New Fund Offer price is Rs 10 per unit. Entry load will be Nil for the scheme and exit load will 1% of the applicable NAV, if redeemed on or before expiry of 365 days from the date of allotment. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crore.

The scheme's performance for the scheme will be benchmarked against CRISIL Hybrid 35+65 - Aggressive Index. The minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter.

The investment objective of the Scheme is to provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments.


Related News

View all news

Reliance Mutual Fund introduces Fixed Horizon Fund-XXXX-Series 5

Reliance Mutual Fund has launched the Reliance Fixed Horizon Fund-XXXX-Series 5, a close ended income scheme. The NFO opens for subscription on December 11, 2018 and closes on December 13, 2018. No entry......

Franklin Templeton Mutual Fund introduces Fixed Maturity Plans-Series 5-Plan B (1244 days)

Franklin Templeton Mutual Fund has launched the Franklin India Fixed Maturity Plans-Series 5-Plan B (1244 days), a close ended debt scheme. The NFO opens for subscription on November 19, 2018 and closes......

Aditya Birla Sun Life Mutual Fund introduces Fixed Term Plan-Series QQ (1100 days)

Aditya Birla Sun Life Mutual Fund has launched the Aditya Birla Sun Life Fixed Term Plan-Series QQ (1100 days), a close ended income scheme. The NFO opens for subscription on August 20, 2018 and closes......

Top News

View all news

Paramount Communications bags major order from Kerala State Electricity Board

Paramount Communications has bagged orders worth Rs 69.53 crore from Kerala State Electricity Board, Kerala. The order is for supply of HT & LT Aerial Bunch Cables, with a delivery schedule of......

Cyient completes acquisition of remaining 26% stake in Cyient DLM

Cyient has completed acquisition of remaining 26% stake in Cyient DLM. Post to this acquisition, Cyient DLM has now become a wholly owned subsidiary of the company. Earlier, the company had signed definitive......

NBCC bids to take over bankruptcy-bound Jaypee Infratech

NBCC (India) has bid to acquire bankruptcy-bound Jaypee Infratech and complete stalled over 20,000 housing units in Noida in the state of Uttar Pradesh. A meeting of the committee of creditors will be......