New Indian fixed maturity plan launched 19 August 2010Mumbai Reporter: Ben Wilkie
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Tata Mutual Fund has launched a new close-ended debt scheme, the Tata Fixed Maturity Plan-Series 26 Scheme 3, with a duration of 371 days from allotment.
The new fund offer (NFO) price for the scheme is Rs.10 per unit, and subscriptions are open until August 24. The minimum investment is Rs.10,000.
The scheme will invest in a range of debt and money market instruments, whose maturity is roughly in line with the end date of the scheme. It offers a growth option and a dividend option.
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