New floating fund offer from TATA

Tata Mutual Fund
Scheme Name Tata Floating Rate Fund
Objective of Scheme The objective of the scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn‘t assure or guarantee any returns.
Scheme Type Open Ended
Scheme Category Debt Scheme – Floater Fund
New Fund Launch Date 21-Jun-2021
New Fund Offer Closure Date 05-Jul-2021
Indicate Load Separately Entry Load (During NFO): N.A. Exit Load: NIL
Minimum Subscription Amount Rs.5,000/- and in multiple of Re.1/- thereafter.
For Further Details Please Visit Website www.tatamutualfund.com

Source from: www.amfiindia.com

Mutual Funds Based on Asset Class

Floater Funds: invest at least 65% of their money in floating-rate bonds. The interest these bonds pay change as the interest rates in the economy change.

Mutual Funds Based on Structure

Open-ended Funds: These are funds in which units are open for purchase or redemption through the year. All purchases/redemption of these fund units are done at prevailing NAVs. Basically, these funds will allow investors to keep investing as long as they want. There are no limits on how much can be invested in the fund. They also tend to be actively managed which means that there is a fund manager who picks the places where investments will be made. These funds also charge a fee which can be higher than passively managed funds because of the active management. They are an ideal investment for those who want investment along with liquidity because they are not bound to any specific maturity periods. Which means that investors can withdraw their funds at any time they want thus giving them the liquidity they need.

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