Tata Mutual Fund issued New Income fund known as Tata Dual Advantage Fund. New Fund Offer (NFO) opened on 14th June, 2013 and will be closed on 28th June, 2013. This three years close ended Income Fund is issued both in Growth option and Dividend option.
The objective of the Tata Dual Advantage Fund is to generate income or capital appreciation by investing in fixed income instruments with a maturity is on or before the maturity date of the Fund. The Scheme also will invest a small portion in equity or equity related investment products.
There is no entry load or exit load for the scheme as the exit will be only at the maturity. The minimum Rs. 5000 is required for investing in this Income fund and in multiple of Re 1 thereafter. As a close ended scheme Tata Dual Advantage Fund could not purchase after the closing date of NFO which is on28.06.2013.
Those who wish to apply for the Tata Dual Advantage Fund should read more about the scheme
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